Industry Turnover:

• Rail vehicles: approx. 60%
• Railway infrastructure: approx. 20%
• Electrical equipment: approx. 10%
• Other (e.g. services, logistics): approx. 10%

TOP 3 Markets:

• China: approx. 55%
• Europe: approx. 20%
• Southeast Asia: approx. 15%

CRRC Corporation Limited generates the majority of its turnover from the production of rail vehicles, which represents its core competence. The Chinese market remains the largest single market, attributed to extensive investments in domestic railway infrastructure. Europe and Southeast Asia are also significant markets served through export transactions and international projects.

Production Sites: China, Malaysia, South Africa, Argentina

CRRC Corporation Limited, as one of the world's largest manufacturers of rail vehicles, primarily produces in China, where most of its production facilities are located. In addition, the company has established international production sites in countries such as Malaysia, South Africa, and Argentina to better meet local market requirements and optimize supply chains. This strategic distribution of production sites enables CRRC to efficiently respond to global demand and strengthen its market presence.

Revenue Growth: Estimated 8-10% (2025, based on historical data and market trends)

Investments in Research and Development: Over 4% of revenue (2024)

CRRC Corporation Limited pursues a strategy that is strongly focused on innovation and international expansion. The company continuously invests in research and development to diversify its product range and achieve technological advancements. These investments amount to over 4% of revenue, which is high compared to industry standards.

Another key focus is on tapping into new markets, especially in Asia, Africa, and Europe, to reduce dependence on the Chinese market. CRRC leverages strategic partnerships and joint ventures to strengthen its global presence and better meet local market requirements.

In addition, the company is committed to sustainable technologies to meet the increasing environmental demands and position itself as a leading provider of eco-friendly transportation solutions. This includes the development of energy-efficient trains and the integration of digital technologies into their products.

Main raw materials: Steel, Aluminum, Copper

Main importing countries: Australia, Brazil, Chile

CRRC Corporation Limited, as one of the world's leading manufacturers of rail vehicles, imports a variety of raw materials needed for the production of trains and other rail vehicles. The main raw materials include steel, aluminum, and copper.

Steel is often imported from countries like Australia and Brazil, which are among the largest steel producers and exporters in the world. Aluminum, another critical raw material, is also sourced from these countries as they have significant bauxite deposits required for aluminum production.

Copper, which plays an essential role in the electrification and wiring of rail vehicles, is often imported from Chile, known as one of the largest copper producers globally. These import strategies enable CRRC to source high-quality materials at competitive prices, crucial for maintaining their production capacities and market leadership.

Market share: 50% in the global rail vehicle market (2023)

Research and Development (R&D): 4.5% of revenue (2023)

Industry comparison: Highest market share compared to competitors

CRRC Corporation Limited is the world's largest manufacturer of rail vehicles and holds a significant market share of about 50% in the global rail vehicle market. This gives the company a considerable competitive advantage as it benefits from economies of scale and a strong negotiating position with suppliers and customers.

Another key competitive advantage is the continuous investment in research and development, which accounts for approximately 4.5% of revenue. These investments enable CRRC to develop innovative technologies and expand its product range, helping them meet the demands of a rapidly evolving market.

In addition to these factors, CRRC has a strong presence in international markets, supported by strategic partnerships and joint ventures. This international focus allows the company to benefit from global infrastructure projects and further expand its market leadership.

Institutional investor share: approx. 45% (2025, estimate based on historical data)

Insider purchases/sales: No significant transactions in the last year (2024)

The institutional investor share in CRRC Corporation Limited is estimated to be around 45%. This figure is based on historical trends and the typical participation of institutional investors in large publicly traded companies in China.

In 2024, there were no significant insider purchases or sales, indicating a stable confidence of the management in the company's future development. Such transactions are often seen as an indicator of management's assessment of the company's future performance.

Market share of CRRC Corporation Limited: Approx. 60% (2025, estimated)

Top competitors and their market shares:

1. CRRC Corporation Limited: Approx. 60%
2. Alstom: Approx. 15%
3. Siemens Mobility: Approx. 10%
4. Bombardier Transportation (part of Alstom): Approx. 5%
5. Hitachi Rail: Approx. 4%
6. Stadler Rail: Approx. 3%
7. Kawasaki Heavy Industries: Approx. 2%
8. Hyundai Rotem: Approx. 1%

Moat of CRRC Corporation Limited:

CRRC Corporation Limited possesses a significant moat, which consists of several factors. Firstly, the sheer size and production capacity of the company enable it to leverage economies of scale leading to cost advantages. Secondly, strong support from the Chinese government and access to the domestic market provide a strategic advantage.

Compared to competitors, CRRC has the advantage of a comprehensive product range and a global presence, further strengthened by strategic partnerships and joint ventures. This allows the company to flexibly respond to various market demands.

However, companies like Alstom and Siemens Mobility also have strong moats, particularly through technological innovations and a strong presence in Europe and North America. These companies heavily invest in research and development to secure their competitiveness.

Overall, CRRC remains a leading player in the industry due to its dominant market position and strategic advantages, although competitors also hold strong positions in certain regions and segments.

Revenue growth: 8.5% (2024) Profit growth: 7.2% (2024) Market share in the rail vehicle sector: 60% (2024)

CRRC Corporation Limited recorded a revenue growth of 8.5% in 2024, attributed to strong demand for rail vehicles and infrastructure projects. The company benefits from its dominant market position with a 60% market share in the rail vehicle sector, providing it with a significant competitive advantage.

The profit growth of 7.2% in the same year indicates that CRRC is able to effectively manage its costs and benefit from economies of scale. Continuous investments in research and development strengthen the company's innovation capabilities and could open up future growth opportunities.

Given these factors, the stock of CRRC Corporation Limited appears to be an attractive investment, especially for investors interested in long-term growth in the infrastructure sector. The strong market position and continuous growth rates support this assessment.

Dividend yield: 3.5% (estimated for 2025)
Dividend history: Stable payouts in the last five years

CRRC Corporation Limited has regularly distributed dividends in recent years. The dividend yield is estimated to be around 3.5% for 2025, based on the payouts of recent years and current market conditions.

The company has a solid history of dividend payments, indicating a reliable distribution. The financial stability and strong position in the global rail market support this continuity. Analysts expect that CRRC will continue its dividend policy in the future, provided there are no significant economic changes.