• CRRC set a 2026 action plan to lift efficiency and investor returns under the Shanghai Stock Exchange’s “Enhancing Quality, Increasing Efficiency and Emphasizing Returns” initiative.
• Targets R&D spending at no less than 6.65% of revenue in 2026, maintaining elevated investment in innovation.
• Aims to cap the debt-to-asset ratio below 60.77% by end-2026, tightening leverage control across higher-risk subsidiaries.
• Plans to keep the dividend payout ratio stable near the 2025 level of 50.08%, continuing interim dividends introduced in 2025.
• Controlling shareholder CRRC Group targets additional A-share purchases of RMB 150 million to RMB 300 million within six months from July 2026.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. CRRC Corporation Limited published the original content used to generate this news brief via IIS, the regulatory disclosure system operated by the Hong Kong Stock Exchange (HKex) (Ref. ID: HKEX-EPS-20260819-12290790), on August 19, 2026, and is solely responsible for the information contained therein.