Southwest Securities: Policies promote combined maintenance and maintenance, and the market volume will expand in 24-25 years or usher in a major investment year
China Railway's initial tender for advanced EMU repair reached 361 groups in '24, of which 207 were grade 5 repair groups, accounting for 57% (290 in '23, of which 108 were grade 5); subsequently, with the acceleration of equipment replacement, EMU maintenance volume, and the increase in tenders and deliveries of new locomotives, the rail transit industry may welcome a new round of growth opportunities.
Hong Kong Stock Concept Tracking | EMU tenders soar, railway equipment series attracts attention (with concept stocks)
China Railway Group's initial tender scale in 2024 has surpassed the full year of 2023 (164 groups for the full year of 2023), and the number of tenders increased significantly.
High-speed rail concept stocks fluctuated and rallied. Lei Erwei, Thinking & Control, and Zhonghe Technology rose and stopped, while Coney Electromechanical, Huihuang Technology, Xinzhu Shares, and CRRC rose ahead.
High-speed rail concept stocks fluctuated and rallied. Lei Erwei, Thinking & Control, and Zhonghe Technology rose and stopped, while Coney Electromechanical, Huihuang Technology, Xinzhu Shares, and CRRC rose ahead.
Changes in Hong Kong stocks | The number of EMU tenders for the first time this year surpassed that of last year, CRRC (01766) and Times Electric (03898) both increased by more than 5%
High-speed rail concept stocks generally rose in early trading. As of press release, Times Electric (03898) rose 5.13% to HK$31.75; CRRC (01766) rose 4.5% to HK$4.88; and China Express (03969) rose 2.4% to HK$3.41.
Express News | Galaxy Securities: Focus on the release of demand for rail transit equipment due to cycle recovery+equipment updates
CRRC (601766): China Railway's first EMU tender in '24
China Railway's first tenders for 165 EMUs in '24 have exceeded 23 for the whole year, providing support for CRRC's performance growth. On May 10, '24, China Railway Group announced the first Fuxing EMU with a speed of 350 kilometers per hour in '24
CRRC (601766): Performance exceeds expectations, profitability improved significantly
The incident described the company released its 2024 quarterly report. In 24Q1, it achieved revenue of 32.183 billion yuan, a year-on-year decrease of 0.6%; net profit to mother was 1,008 billion yuan, an increase of 63.86%; net profit not attributable to mother was 6.6 billion yuan
CRRC (601766) comments: EMU tenders soar, demand for railway equipment continues to recover
On May 10, 2024, China Railway Group issued the first tender notice for the 2024 EMU. The scope of the tender includes: 350 kilometers per hour Fuxing intelligently configured EMUs (8 groups), number 132; speed 3
Bofei Electric (001255.SZ): Established long-term and stable cooperative relationships with major customers such as CRRC in China
Gelonghui, May 10, 丨 Bofei Electric (001255.SZ) held a performance briefing on May 8, 2024 to discuss “Is the company's customer base stable, such as CRRC and CSIC?” The company replied that it has established long-term and stable cooperative relationships with major customers such as CRRC in China.
CRRC (601766): Railway equipment surged, Q1 cash flow was positive for the first time in nearly ten years
Core view: Net profit from the mother exceeds the forecast center, mainly due to the high growth of railway equipment. The company released its 2024 quarterly report. 24Q1 achieved revenue of 32.2 billion yuan, -0.6% year-on-year, and net profit of 1,008 billion yuan to mother, same
CRRC's (SHSE:601766) Solid Earnings Have Been Accounted For Conservatively
CRRC Corporation Limited's (SHSE:601766) solid earnings announcement recently didn't do much to the stock price. We did some digging, and we think that investors are missing some encouraging factors
CICC: Maintaining CRRC (01766)'s “outperforming the industry” rating and raising the target price to HK$5.11
CICC raised CRRC's 2024 earnings estimate per share by 15% to 44 cents.
Damo: Raise the target price of Era Electric (03898) to HK$33, which is more popular than CRRC (01766)
Damo expects CRRC and Times Electric to account for 18% and 16% of locomotive revenue, respectively, by 2026.
CRRC (601766): 1Q24 performance exceeds expectations, EMU delivery growth
1Q24 performance exceeded expectations The company announced 1Q24 results: revenue of 32.183 billion yuan, a year-on-year decrease of 0.6%; net profit to mother was 1,008 billion yuan, up 63.9% year-on-year, and the performance exceeded our expectations, mainly due to
We Think CRRC (SHSE:601766) Can Stay On Top Of Its Debt
Legendary fund manager Li Lu (who Charlie Munger backed) once said, 'The biggest investment risk is not the volatility of prices, but whether you will suffer a permanent loss of capital.' So it might
CRRC (601766): High-dividend rail transit equipment leader fully benefits from equipment updates and market capitalization assessments of central enterprises
Core view CRRC is the leading central enterprise for rail transit equipment. In 2023, the company achieved relatively rapid growth in railway equipment, sufficient overseas orders, and a steady rise in profit levels. Currently grasping the company's three highlights: ① New markets, EMU recruitment in 2023
The controlling shareholder of CRRC (601766.SH) completed an increase of 29.1888 million shares
CRRC (601766.SH) announced that the controlling shareholder of the company, CRRC Group Co., Ltd. (“CRRC Collection...
CRRC CORP(1766.HK):ROBUST NET PROFIT GROWTH DUE TO CHANGE IN PRODUCT MIX
CRRC Corp (CRRC) reported 1Q24 results with in-line flat sales growth but a stro
Selected announcements | BYD's net profit for the first quarter increased by nearly 11% year-on-year; CNPC's profit for the first quarter exceeded 45 billion yuan
ICBC's first quarter revenue fell nearly 3% year on year; Vanke Enterprise's first quarter revenue fell by more than 10% year on year.
CRRC (601766): 24Q1 EMU releases high railway equipment revenue
24Q1 railway equipment business revenue increased high, driving the company's net profit to mother up 63.86% year-on-year, CRRC released its first quarterly report. In Q1 2024, it achieved revenue of 32.183 billion yuan (yoy -0.60%, qoq
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