Zhuzhou CRRC Times Electric (03898) said its net profit attributable to the shareholders of the parent for the nine months ended 30 September 2017 dropped 19.8% year-on-year to Rmb1,518 million, mainly due to the decrease in the revenue during the year.
Basic and diluted earnings per share were Rmb1.29.
Revenue amounted to Rmb9,526 million, a decrease of 3.4% from a year earlier.
Gross profit fell 3.9% year-on-year to Rmb3,587 million. Gross profit margin decreased from 37.9% to 37.7%.
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