688009 China Railway Signal & Communication Corporation
- 5.88
- +0.14+2.44%
China Railway Signal & Communication Corporation News
Central enterprises lead! Beijing Low Altitude Economic Union establishes an air traffic control platform to build or advance
Today, the Beijing Fengtai District Low Altitude Economy Industry Innovation Conference was held, and the Beijing Low Altitude Economy Industry Development Alliance was announced.
Express News | China Communications Technology and Traffic Control Technology are promoting the establishment of a low altitude control research center
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.
Statistics on changes in the share of Zhitong Hong Kong Stock Connect | May 15
The Zhitong Finance App learned that according to data disclosed on May 14, 2024, Xiabuxiabu (00520), Beijing Finance International (01468), and China Stock Connect (03969) had the biggest increase in value, increasing by 1.18%, 0.98%, and 0.92% respectively; Hang Seng China (02828), Marco Digital Technology (01942), and Nanjing Panda Electronics (00553) had the biggest reduction in Hong Kong Stock Connect shares, which decreased by -1.64%, -1.51%, and -1.39%, respectively. Within the last 5 trading days for which statistics are available, Beijing Fund Finance
Changes in Hong Kong stocks | China Express (03969) rose nearly 6% at the end of the session, and the rail transit industry boomed, and the company previously held a conference to promote low-altitude economy work
China Connect (03969) rose nearly 6% at the end of the session. As of press release, it was up 5.11% to HK$3.5, with a turnover of HK$93.75,500.
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 | Tonghao Construction Group: Coming up with practical technology and product solutions, and deeply participating in China's Tonghao Low Altitude Economy Master Plan
Changes in Hong Kong stocks | China Express (03969) rose more than 7% in the afternoon, demand for line renovation and upgrading is expected to accelerate the release of low-altitude economy businesses or become a new growth pole
China Connect (03969) rose more than 7% in the afternoon. As of press release, it had risen 6.98% to HK$3.37, with a turnover of HK$774.67 million.
Express News | China Express held a conference to promote low-altitude economic work
Zheshang Securities: Railway equipment industry continues to boom, high-speed rail fares flexibly implement market-based mechanisms
The Zhitong Finance App learned that Zhishang Securities released a research report saying that China Railway Group will promote passenger flow growth and improve the quality of passenger transport services through flexible implementation of the high-speed rail fare market-based mechanism. In the long run, it will help further improve the operating level of China Railway Group, and may affect the level of investment in railway fixed assets in the future, and the railway equipment industry will continue to prosper. Recommended CRRC (601766.H), China Railway Industry (600528.SH), Tianyi Shangjia (688033.SH), Yonggui Electric (300351.SZ), and optimistic about China Express (688009.SH) and Times Electric (688187
Individual stocks with Chinese characters fluctuated higher. COSCO Offshore Holdings surged 8%, while COSCO Haite, Zhongke Co., Ltd., COFCO Science and Engineering, China Express, COSCO Haineng, and China Heavy Industries had the highest gains.
Individual stocks with Chinese characters fluctuated higher. COSCO Offshore Holdings surged 8%, while COSCO Haite, Zhongke Co., Ltd., COFCO Science and Engineering, China Express, COSCO Haineng, and China Heavy Industries had the highest gains.
Changes in Hong Kong stocks | High-speed rail infrastructure stocks showed strong performance, and several high-speed rail lines announced price increases, and railway fixed asset investment is expected to gradually pick up
High-speed rail infrastructure stocks showed strong performance. As of press release, Guangzhou-Shenzhen Railway Shares (00525) rose 11.48% to HK$2.33; China Express (03969) rose 7.07% to HK$3.18; China Communications Construction (01800) rose 4.46% to HK$4.45; China Railway (00390) rose 3.11% to HK$3.98; and China Railway Construction (01186) rose 2.75% to HK$5.23.
Changes in Hong Kong stocks | China Express (03969) rose more than 7% in the afternoon to replace the railway signal system to accelerate the low-altitude economy business or become a new growth pole for the company
The Zhitong Finance App learned that China Connect (03969) rose more than 7% in the afternoon. As of press release, it had risen 6.4% to HK$3.16, with a turnover of HK$21.6794 million. CICC pointed out that the service life of the railway signal system is 10-15 years. China's high-speed rail construction peaked around 2010, and at this stage, some lines have entered the replacement window one after another. The company's product share in the high-speed rail sector is at a high level. We anticipate that the subsequent release of railway signal system replacements will drive the growth of the company's main business. Galaxy Securities, on the other hand, pointed out that China Express is the national team in the field of intelligent traffic control
China Express (688009): Improving business quality, focusing on railway signal system replacement needs
1Q24 results are lower than our expectations. The company announced 1Q24 results: revenue of 6.509 billion yuan, a year-on-year decrease of 13.1%, and net profit to mother of 604 million yuan, a decrease of 10.8% year-on-year. The performance was lower than our expectations, mainly
China Express (688009): Rail transit control system leaders are expected to benefit deeply from the renewal
Incident: The company released its 2024 quarterly report. 24Q1 revenue was 6.51 billion yuan, -13.1% YoY; net profit attributable to mother was 604 million yuan, -10.8% YoY; net profit not attributable to mother was 594 million yuan, YoY
China Express (688009): Q1 performance is under pressure, concerned about the release of demand for rail transit renewal and transformation
Investment event: The company discloses its 2024 quarterly report. 2024Q1 achieved operating income of 6.509 billion yuan, a year-on-year decrease of 13.10%; realized net profit to mother of 604 million yuan, a year-on-year decrease of 10.84%
The amount of new contracts signed by China Express in Q1 fell 17% year on year
① Last year, China Pass's revenue in the general engineering contracting and system delivery service sectors decreased by 28.48% and 18.83%, respectively, resulting in a decline in the company's annual revenue; ② As of March 2024, the total total number of new contracts signed by China Express was 11.361 billion yuan, down 17.07% from the same period last year.
中國通號：2024年第一季度報告
China Express (688009.SH): Net profit of 604 million yuan in the first quarter decreased 10.84% year on year
On April 26, Ge Longhui (688009.SH) released its first quarter report. Operating revenue was 6.5 billion yuan, down 13.10% year on year, net profit of 604 million yuan, down 10.84% year on year, after deducting non-net profit of 594 million yuan, down 10.29% year on year, with basic earnings of 0.06 yuan per share.
Express News | China Railway Communications & Signals Co., Ltd.: Net profit of 604.5 billion yuan for the first quarter.
Analysis
Price Target
No Data
