Business / Companies

CRRC saw overseas orders double in H1

By Jing Shuiyu ( Updated: 2016-08-23 21:32

CRRC Corp Ltd, China's largest rail transportation equipment maker, saw its overseas orders' sales more than double to 14.88 billion yuan ($2.24 billion) in the first half of 2016, according to the company's interim statement.

Sales in the overseas market increased by 126 percent compared with that in the same period last year, data showed.

In the first half of the year, CRRC won the bid from Chicago to produce 846 metro cars, a record among the developed markets.

Besides, the company raked in more from the mature markets, such as an order for 56 diesel locomotives from Kenya, for 96 metro vehicles from Thailand, and 76 metro cars from Delhi, India.

The revenue of the Beijing-based manufacturer reached 94.2 billion yuan in the first half of 2016, up 1.04 percent from the same period last year, and its net profit increased 2.04 percent to 4.79 billion yuan.

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