artworxstrippoker| [Hong Kong Stock Connect] Times Electric (03898)'s first-quarter net profit rose 30.44% year-on-year to 568 million yuan

Jinwu Caixun| Times Electric (03898) announced that in the first quarter of 2024, net profit attributable to shareholders of the company recorded 5%artworxstrippoker.68 billion yuan (RMB, the same below), a year-on-year increase of 30artworxstrippoker.44%artworxstrippoker; Belonging to shareholders of the companyartworxstrippokerNet profit after deducting non-recurring gains and losses recorded 460 million yuan, a year-on-year increase of 44.85%; the above profit increase was mainly due to the increase in the company's operating profit; basic earnings per share was 0.4 yuan, a year-on-year increase of 29.03%.

During the period, operating income recorded 3.925 billion yuan, a year-on-year increase of 27.2%. Among them, rail transit business revenue recorded 2.12 billion yuan, a year-on-year increase of 43.74%; emerging equipment business revenue recorded 1.769 billion yuan, a year-on-year increase of 13.18%; other business revenue recorded 36 million yuan, a year-on-year decrease of 24.86%.

During the period, the weighted average return on equity was 1.53%, a year-on-year increase of 0.27 percentage points; the total R & D investment was 466 million yuan, a year-on-year increase of 20.05%. The R & D investment accounted for 11.88% of revenue, a year-on-year decrease of 0.71 percentage points.

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