Core Viewpoint - China CRRC's stock price increased by 2.50% to 7.37 yuan on August 20, 2023, with a trading volume of 1,816,800 shares and a transaction amount of 1.337 billion yuan [1] Group 1: Company Overview - China CRRC is primarily engaged in the research, development, manufacturing, sales, and service of railway locomotives, urban rail transit vehicles, and construction machinery [1] - The company's product range includes high-speed trains, locomotives, passenger cars, freight cars, and urban rail metro vehicles, covering the entire spectrum of rail transit equipment [1] Group 2: Recent Developments - On August 19, 2023, China National Railway Group initiated the second batch of high-speed train procurement for 2025, planning to purchase 210 standard sets of Fuxing high-speed trains, with a total value of approximately 35.7 billion yuan [1] - This procurement represents the largest single-round Fuxing train tender by China National Railway Group in the past decade [1] - As the sole supplier of high-speed trains in China, China CRRC's four subsidiaries will handle all procurement orders [1] Group 3: Financial Insights - On August 20, 2023, the net inflow of main funds into China CRRC was 227.483 million yuan, with a net inflow of 18.7701 million yuan over the past five days [1]

金融界消息 截至2025年8月20日收盘，中国中车（601766）报收于7.37元，上涨2.5%，换手率0.75%， 成交量181.68万手，成交金额13.37亿元。 资金流向方面，今日主力资金净流入2.27亿元，占比成交额17.02%。其中，超大单净流入1.32亿元、占 成交额9.91%，大单净流入9501.97万元、占成交额7.11%，中单净流出流出2163.51万元、占成交额 1.62%，小单净流出20584.79万元、占成交额15.4%。 通过天眼查大数据分析，中国中车股份有限公司共对外投资了47家企业，参与招投标项目5000次，知识 产权方面有商标信息694条，专利信息30条，此外企业还拥有行政许可6个。 来源：金融界 中国中车最新一期业绩显示，截至2025一季报，公司营业总收入486.71亿元、同比增长51.23%，归属净 利润30.53亿元，同比增长202.79%，扣非净利润28.06亿元，同比增长320.20%，流动比率1.226、速动比 率0.896、资产负债率59.66%。 天眼查商业履历信息显示，中国中车股份有限公司，成立于2007年，位于北京市，是一家以从事铁路、 船舶、航空航天和其他 ...

Group 1 - The core point of the article highlights the performance and holdings of the Invesco Great Wall State-Owned Enterprise Value Mixed A fund, which has shown positive returns since its inception [1] - The fund's latest net value is 1.3793 yuan, with a weekly return of 2.43%, a three-month return of 12.44%, and a year-to-date return of 14.46% [1] - The fund was established on May 30, 2023, and as of June 30, 2025, it has a total scale of 295 million yuan [1] Group 2 - The top ten stock holdings of the fund include Zijin Mining, China Mobile, Shenhuo Holdings, Tencent Holdings, China National Offshore Oil Corporation, Chuan Yi Co., Ltd., Sinopharm Holdings, Zhuhai Yinhai Group, Yun Aluminum, and CRRC Corporation, with a combined holding percentage of 52.32% [1]

Group 1 - The stock price of CRRC Corporation Limited (601766) closed at 7.25 yuan on August 15, 2025, down 3.07% from 7.48 yuan the previous week [1] - The highest intraday price for CRRC on August 13 was 7.6 yuan, while the lowest intraday price on August 15 was 7.25 yuan [1] - The current total market capitalization of CRRC is 208.07 billion yuan, ranking 1st in the rail transit equipment sector and 63rd among 5,152 A-shares [1] Group 2 - CRRC's wholly-owned subsidiary, CRRC (Hong Kong) Co., Ltd., provided a guarantee of 4.071 million dirhams (approximately 7.94 million yuan) for its associate company MLCC BLUE LINE CONTRACTING L.L.C [1] - The actual guarantee amount provided by CRRC is 1.379 billion yuan, which is not within the previously expected limit and has no counter-guarantee [1] - The total amount of external guarantees by the listed company and its controlling subsidiaries is 58.908 billion yuan, accounting for 34.90% of the latest audited net assets, with no overdue external guarantees [1] Group 3 - On January 6, 2025, the company approved a credit guarantee for the Dubai Metro Blue Line project, allowing the Hong Kong company to provide guarantees up to 11.35 million dirhams (approximately 22.57 billion yuan) [2] - MLCC BLUE LINE CONTRACTING L.L.C was established on February 19, 2025, in Dubai, with a registered capital of 300,000 dirhams (approximately 596,000 yuan), focusing on civil engineering, rail vehicle procurement and maintenance, and electromechanical system integration [2] - The main content of the performance bond includes a guarantee from the Hong Kong company for the Dubai project company, with a guarantee amount of 4.071 million dirhams, covering quality assurance obligations from July 3, 2025, to July 31, 2032, with automatic renewal until all responsibilities under the main contract are fulfilled [2]

Group 1 - The core viewpoint of the article highlights the continued rise in Hong Kong's high-speed rail infrastructure stocks, with China Metallurgical Group leading the gains at over 6% and a cumulative increase of 30% for the month [1] - Several high-speed rail projects have been approved since Q3 2024, including the "Shanghai-Chongqing-Chengdu High-Speed Railway Hefei to Wuhan Section" and "Zhanjiang to Haikou High-Speed Railway," with total investments exceeding 300 billion [1] - There are plans to add 12,000 kilometers of new high-speed rail lines by 2025, focusing on the construction of the "Eight Vertical and Eight Horizontal" backbone network, with a new emphasis on high-speed rail in central and western regions [1] Group 2 - Analysts suggest short-term focus on policy-driven thematic opportunities and long-term investment in leading companies with technological barriers and overseas expansion capabilities [1] - Recommendations include combining performance certainty and growth potential, particularly in the high-speed rail intelligent sub-sector [1] Group 3 - Stock performance details include: - China Metallurgical Group (01618) latest price at 2.220 with a rise of 6.22% and a market cap of 46.006 billion - Times Electric (03898) latest price at 35.700 with a rise of 2.18% and a market cap of 48.479 billion - China Railway (00390) latest price at 4.070 with a rise of 1.24% and a market cap of 100.696 billion - Guangzhou-Shenzhen Railway (00525) latest price at 2.000 with a rise of 1.01% and a market cap of 14.167 billion - China Communications Construction (01800) latest price at 5.860 with a rise of 0.86% and a market cap of 95.393 billion - China Railway Construction (01186) latest price at 5.770 with a rise of 0.52% and a market cap of 78.354 billion - CRRC Corporation (01766) latest price at 5.730 with a rise of 0.17% and a market cap of 164.447 billion [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 孫永才 中國•北京 2025年8月13日 （股份代碼：1766） 董事會會議通知 中國中車股份有限公司（「本公司」）董事會（「董事會」）謹此公佈，董事會將於2025年8 月22日（星期五）舉行董事會會議，藉以考慮及批准（其中包括）本公司及其子公司截至 2025年6月30日止六個月的未經審計的中期業績及考慮派發中期股息（如有）之建議。 承董事會命 中國中車股份有限公司 董事長 中國中車股份有限公司 CRRC CORPORATION LIMITED （於中華人民共和國註冊成立的股份有限公司） 於本公告日期，本公司的執行董事為孫永才先生及王銨先生；獨立非執行董事為史 堅忠先生、翁亦然先生及魏明德先生；職工董事為易冉女士。 ...

格隆汇8月13日丨中国中车(01766.HK)公布，董事会将于2025年8月22日(星期五)举行董事会会议，藉以 考虑及批准(其中包括)公司及其子公司截至2025年6月30日止六个月的未经审计的中期业绩及考虑派发 中期股息(如有)之建议。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何 部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國中車股份有限公司 CRRC CORPORATION LIMITED （於中華人民共和國註冊成立的股份有限公司） 董事長 孫永才 中國•北京 2025年8月13日 於本公告日期，本公司的執行董事為孫永才先生及王銨先生；獨立非執行董事為史 堅忠先生、翁亦然先生及魏明德先生；職工董事為易冉女士。 董事會會議通知 中國中車股份有限公司（「本公司」）董事會（「董事會」）謹此公佈，董事會將於2025年8 月22日（星期五）舉行董事會會議，藉以考慮及批准（其中包括）本公司及其子公司截至 2025年6月30日止六個月的未經審計的中期業績及考慮派發中期股息（如有）之建議。 承董事會命 中國中車股份有限公司 （股份代碼：1766） ...

Group 1 - The AMAC Transportation Equipment Index (AMAC Transportation, H30064) experienced a decline of 0.59%, closing at 2971.02 points with a trading volume of 46.95 billion [1] - Over the past month, the AMAC Transportation Equipment Index has increased by 8.50%, by 17.92% over the last three months, and by 10.82% year-to-date [1] - The index is based on the classification guidelines from the China Securities Association and includes 43 industry classification indices, with a base date of January 1, 2009, set at 1000.0 points [1] Group 2 - The top ten holdings of the AMAC Transportation Equipment Index include China CRRC (9.51%), China Shipbuilding (8.92%), AVIC Shenyang Aircraft (6.84%), Guangqi Technology (6.81%), China Heavy Industry (6.02%), Aero Engine Corporation of China (5.64%), AVIC Xi'an Aircraft (4.07%), AVIC Aircraft (3.12%), Aerospace Electronics (3.08%), and Chunfeng Power (2.99%) [1] - The market composition of the AMAC Transportation Equipment Index shows that the Shanghai Stock Exchange accounts for 75.55% and the Shenzhen Stock Exchange accounts for 24.45% [1] - In terms of industry composition, the sample holdings of the AMAC Transportation Equipment Index are comprised of 92.06% in industrials and 7.94% in consumer discretionary [2]

Group 1: Policy Changes and Market Impact - Zhangjiakou City has shifted wind power projects from an approval system to a filing system, marking the first local wind power filing policy [1] - The wind power concept index rose from 902.39 points to 956.21 points, a 5.96% increase over three trading days from August 15 to August 17 [1] - On August 17, 14 wind power concept stocks, including Baota Industry and Chuanrun Co., reached their daily limit [1] Group 2: Development of Distributed Wind Power - Distributed wind power is lagging behind onshore and offshore wind power, with only about 10 million kW installed by the end of 2021, representing a low proportion of total wind power capacity [2] - The "Three North" regions accounted for 84% of new wind power installations in the first half of the year, indicating a significant focus on centralized wind power [2] - Cost reduction is crucial for the large-scale promotion of distributed wind power projects due to their smaller scale and higher costs [2] Group 3: Advantages and Future Potential - Distributed wind power has advantages such as proximity to the electricity market, which can reduce or eliminate transmission costs [3] - The flexibility of installation and ease of power consumption make distributed wind power economically viable as costs decrease and efficiency improves [3] - Wind and solar power are expected to account for 65% to 70% of the new energy system in the future, indicating significant growth potential for wind power [3] Group 4: Industry Opportunities and Company Strategies - The "Thousand Villages and Ten Thousand Towns Wind Action" plan aims to adjust the energy structure and promote renewable energy development [4] - The shift to a filing system is expected to simplify the approval process for distributed wind power projects, attracting more companies to participate [4] - Estimates suggest that the annual demand for wind turbines could increase from 50 GW to 60-70 GW during the 14th Five-Year Plan period, with growth rates rising from 10% to 25% from 2023 to 2025 [4] Group 5: Company Engagement in Distributed Wind Power - Several listed companies in the wind power industry are actively engaging in distributed wind power projects, with Yunda Co. expressing optimism about future prospects [5] - By the end of 2021, 13 turbine manufacturers had added distributed wind power installations, with Goldwind Technology leading at 2.672 million kW, accounting for 33.3% of the total [5] - Companies like Dongfang Cable and Xinqianglian are expected to benefit from the rapid growth in new wind power installations [5]