Core Viewpoint - China CRRC Corporation Limited (01766) has recently signed several significant contracts totaling approximately 53.31 billion RMB, primarily scheduled between September and December 2025 [1][2] Group 1: Contract Details - The company’s subsidiaries signed wind power and energy storage equipment sales contracts totaling approximately 16.65 billion RMB with various entities including China Electric Power Construction Group and China Resources New Energy [1] - The company’s subsidiary responsible for high-speed trains signed advanced maintenance contracts worth approximately 12.04 billion RMB with various bureaus under China National Railway Group [1] - Contracts for urban rail vehicles, equipment sales, and maintenance worth approximately 11.16 billion RMB were signed with Hefei Urban Rail Group, Shenyang Metro Group, and São Paulo Metro Line 4 Concessionaire [1] Group 2: Additional Contracts - The company’s locomotive subsidiary signed locomotive sales and maintenance contracts totaling approximately 9.95 billion RMB with entities including China National Railway Group and Kazakhstan National Railway Freight Transportation [2] - Advanced train set sales contracts worth approximately 2.21 billion RMB were signed with China National Railway Group [2] - Passenger car repair contracts totaling approximately 1.3 billion RMB were signed with various bureaus under China National Railway Group [2] Group 3: Financial Impact - The total value of these contracts represents approximately 21.6% of the company's projected revenue for 2024 under Chinese accounting standards [2]

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通告的內容概不負責， 對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本通告全部或任何 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 此海外監管公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條發出。 中國中車股份有限公司（「本公司」）及下屬企業於近期（主要為2025年9月至12月）簽訂 了若干項重大合同，合計金額約533.1億元人民幣，具體情況如下： 1 1. 本公司下屬企業與中國電建集團中南勘測設計研究院有限公司、華潤新能源（伊 吾）有限公司、中綠電（若羌）儲能科技有限公司、內蒙古能源集團化德電儲新能 源有限公司等分別簽訂了總計約166.5億元人民幣的風電設備銷售合同和儲能設 備銷售合同。 2. 本公司下屬動車企業與中國國家鐵路集團有限公司下屬各路局公司分別簽訂了 總計約120.4億元人民幣的動車組高級修合同。 3. 本公司下屬企業與合肥市軌道交通集團有限公司、瀋陽地鐵集團有限公司、 巴西聖保羅地鐵4號線特許經營公司(CONCESSIONÁRIA D ...

Group 1 - Company X plans to invest in the research and production of optical modules, focusing on ultra-low power consumption chips for high-end applications such as AI computing centers [1] - CICC is planning to absorb and merge with Dongxing Securities and Xinda Securities through a share swap, with stock trading resuming on December 18, 2025 [2] - Bona Film Group reports normal operations and has invested in multiple films for the upcoming holiday seasons, including major productions [3] Group 2 - Tongrentang clarifies it does not hold any equity or investment rights in Sichuan Health Pharmaceutical, which is associated with a product mentioned in recent reports [4] - Meike Home is planning to acquire control of Shenzhen Wandeling Technology through a combination of cash and stock issuance, with trading suspended for up to 10 days [5] - Lanhua Ketech has obtained a coal exploration license for a specific area, laying the groundwork for future mining rights [6] Group 3 - China Duty Free Group's subsidiary has signed contracts for duty-free store operations at major Shanghai airports [7] - Baida Group's stock has seen a significant increase of 61.1% in a short period, raising concerns about potential rapid declines [8] - Changyuan Power's subsidiary has successfully connected a new power generation unit to the grid, marking its commercial operation [9] Group 4 - Guangdong Construction has launched two clean energy projects, contributing to a total installed capacity of 5084.52 MW across various energy sources [10] - Shanghai Airport has signed contracts for duty-free store operations, which are expected to positively impact future revenues [11] - Aokeli's subsidiary has entered trial production for a special high-temperature resistant resin project, aligning with its strategic goals in aerospace [12] Group 5 - China Nuclear Engineering has reported cumulative revenue of 92.03 billion yuan as of November 2025 [13] - Zhaobiao Co. plans to reduce its stake by up to 3% through various trading methods [14] - Shengtai Group's major shareholder intends to reduce its stake by up to 3% [15] Group 6 - Xinyi Co. plans to reduce its stake by up to 1% due to personal asset allocation needs [16] - Nanjing Bank intends to fully redeem 49 million preferred shares on December 23, 2025 [17] - Huakai Yibai plans to repurchase shares worth between 15 million and 30 million yuan for employee incentives [18] Group 7 - China Metallurgical Group plans to repurchase A-shares worth between 1 billion and 2 billion yuan [19] - A director of Gao Neng Environment has increased his stake by purchasing 56,100 shares [20] - Jiayuan Technology's shareholders plan to transfer 3.24 million shares, representing 2.51% of the total share capital [21] Group 8 - Pubang Co. has been awarded a construction project for Xiangmi Lake Park with a bid of 333 million yuan [22] - China CRRC has signed contracts totaling approximately 53.31 billion yuan, representing 21.6% of its projected revenue for 2024 [23][24] - Pudong Construction's subsidiaries have won multiple projects totaling 1.649 billion yuan [25] Group 9 - Pingzhi Information's subsidiary has signed a 38.25 million yuan computing service contract with a telecommunications company [26]

Core Viewpoint - The article discusses the opportunities in the new energy storage industry, particularly in relation to power market reforms and digitalization, highlighting significant contracts and collaborations among leading companies in the sector [2][3]. Group 1: Industry Developments - The "2025 Power Market and Digital Energy Storage Research Report" is being compiled by leading companies including CRRC Zhuzhou Institute, Tesla, and others, to be released at the Energy Storage Summit on January 8 [2]. - CRRC signed energy storage contracts totaling approximately 16.65 billion yuan, contributing to a total of 53.31 billion yuan in contracts, which represents 21.6% of the company's projected revenue for 2024 [4]. - Tesla has secured two major agreements with a total capacity exceeding 2.3 GWh, indicating strong demand for energy storage solutions [3][9]. Group 2: Technological Advancements - CRRC's new generation 6.X energy storage platform has achieved mass production, featuring a 6.25 MWh battery module and a matching 6.25 MW integrated boost converter, focusing on addressing industry challenges with multiple technological breakthroughs [8]. - The platform has passed various safety tests and is designed to offer high returns, safety, ease of maintenance, and strong support [8]. Group 3: Major Projects - Tesla is involved in the Western Downs energy storage project in Australia, which will have a total capacity of 845 MW/2300 MWh upon completion, making it one of the largest single energy storage facilities in Australia [9][11]. - Tesla has also signed a framework agreement with SPIE for battery energy storage system projects in Europe, which will enhance collaboration on multiple significant storage projects [12].

Group 1: Resumption of Trading - Dongxing Securities and Xinda Securities have approved the merger with CICC, leading to the resumption of their stocks [1] - CICC plans to conduct a share swap merger with Dongxing Securities and Xinda Securities at a swap price of 36.91 yuan per share, resulting in stock resumption [1] - Meike Home intends to acquire control of Wande, leading to a suspension of its stock [1] - Fenglong Co., Ltd. is planning a change in control, resulting in a suspension of its stock [1] Group 2: Capital Increase and Mergers - Shenzhen Urban Transport is planning a capital increase of 1.8 billion yuan for the development of intelligent transportation models and global business expansion [2] - Tongye Technology intends to purchase 100% of Silin Technology's shares in cash, focusing on communication chip design [2] - Shengxing Co., Ltd. plans to raise no more than 1.157 billion yuan for new production bases in Vietnam and Sichuan [2] Group 3: Share Buybacks and Equity Transfers - China Metallurgical Group plans to repurchase shares worth between 1 billion and 2 billion yuan [3] - Jiayuan Technology's shareholders plan to transfer 3.24 million shares, accounting for 2.51% of the total share capital [4] - Jintian Titanium Industry is transferring 4.9% of its shares through an inquiry by the National Industrial Investment Fund [5] Group 4: External Investments and Daily Operations - Kangtai Biological has received clinical trial approval for its hepatitis B vaccine [6] - Zhifei Biological's application for a clinical trial of a modified smallpox vaccine has been accepted [7] - Hongbo New Materials' subsidiary is set to sign a technology licensing and business transfer agreement with the U.S. for a total price of 377 million yuan [7] - China CRRC has signed contracts totaling 53.31 billion yuan, including 16.65 billion yuan for wind power and energy storage equipment [8] - Xiechuang Data plans to invest in the development and production of optical chips and modules in Guangzhou [8] - Tongrentang clarified that it does not hold any equity or investment rights in Sichuan Health Pharmaceutical related to the reported Antarctic krill oil [9]

Core Viewpoint - China CNR Corporation Limited (601766) has announced the signing of significant contracts totaling approximately 53.31 billion RMB from September to December 2025, indicating strong future revenue prospects for the company [1] Contract Details - The contracts include a 16.65 billion RMB wind power equipment sales contract with China Electric Power Construction Group [1] - A 12.04 billion RMB advanced maintenance contract for train sets with various subsidiaries of China National Railway Group [1] - A 11.16 billion RMB sales and maintenance contract for urban rail vehicles with Hefei Urban Rail Transit Group [1] - A 9.95 billion RMB sales and maintenance contract for locomotives with subsidiaries of China National Railway Group [1] - A 2.21 billion RMB sales contract for power concentrated train sets with China National Railway Group [1] - A 1.3 billion RMB repair contract for passenger cars with subsidiaries of China National Railway Group [1] Revenue Impact - The total value of these contracts represents approximately 21.6% of the company's projected revenue for 2024 [1]

Group 1 - CICC is planning to absorb and merge Dongxing Securities and Xinda Securities through a share swap, with trading resuming on December 18, 2025 [1] - Victory Energy's major shareholder plans to transfer 29.99% of its shares to Qiteng Robotics, with no plans for asset restructuring in the next 12 months [2] - China Metallurgical Group intends to repurchase A-shares worth 1 to 2 billion yuan at a price not exceeding 4.9 yuan per share [3] Group 2 - Boten Co. plans to acquire part of the Yifeng Yunding Fund for 1 yuan, with a commitment to fulfill a 20 million yuan capital contribution [4] - Tongyou Technology has initiated a 50 million yuan accounts receivable factoring business [5] - Gaode Infrared has received approval to issue debt financing tools totaling up to 3 billion yuan [6] Group 3 - Zhengyu Industrial's application for a private placement of A-shares has been approved by the Shanghai Stock Exchange [7] - China CRRC signed contracts totaling approximately 53.31 billion yuan, accounting for 21.6% of its projected 2024 revenue [9] - High Energy Environment's director increased his stake by purchasing 56,100 shares [10] Group 4 - Shantou Technology received approval from the CSRC for a convertible bond issuance [11] - Puyang Co. plans to use up to 900 million yuan of idle funds for entrusted wealth management [12] - Huibai New Materials has been awarded a government subsidy of 3.8 million yuan, with the first installment of 2.12 million yuan already received [13] Group 5 - Jiayuan Technology's shareholders plan to transfer 2.51% of the company's shares through a pricing inquiry [14] - Lingpai Technology's subsidiary terminated a 125 million yuan procurement contract due to market changes [15] - Juguang Technology intends to use up to 200 million yuan of idle funds for cash management [16] Group 6 - Zhongwen Media's subsidiary terminated a 200 million yuan private equity fund subscription due to market changes [17] - Zhifei Biological's modified vaccine for monkeypox has received clinical trial acceptance [19] - GeKowei's subsidiary received a government subsidy of 60 million yuan, accounting for 32.12% of the company's audited net profit [20] Group 7 - Wantai Biological's application for a clinical trial of a respiratory syncytial virus vaccine has been accepted [21] - Haitai Technology plans to increase capital in its Thai joint venture from 500,000 to 3 million Thai baht [22] - Shanghai Airport signed contracts for the transfer of duty-free store operating rights [23] Group 8 - Del Shares received approval to issue shares for the acquisition of 100% of Aizhuo Intelligent [24] - Novozymes' products have obtained EU CE IVDR certification [25] - Shibai Testing's chairman's assistant plans to increase shareholding by 8 to 12 million yuan [26] Group 9 - Huitian New Materials plans to invest approximately 97.68 million yuan in a lithium battery anode glue project [27] - Pudong Construction's subsidiaries won contracts totaling 1.649 billion yuan [29] - Acolyte's subsidiary has entered trial production for a special high-temperature resistant resin project [30] Group 10 - Pingzhi Information's subsidiary signed a 38.25 million yuan computing power service contract [31] - Tianma Technology is required to pay 5.3625 million yuan in taxes and penalties [32] - Yahon Pharmaceutical's clinical trial application for GLX002 has been approved [34]

Core Viewpoint - China CRRC (SH 601766) announced the signing of several major contracts totaling approximately 533.1 billion RMB, primarily for the period from September to December 2025, indicating strong business activity and growth potential in the rail and renewable energy sectors [1][2]. Group 1: Contract Details - The company’s subsidiaries signed contracts worth approximately 166.5 billion RMB for wind power and energy storage equipment sales with various firms, including China Electric Power Construction Group and China Resources New Energy [1]. - Contracts totaling about 120.4 billion RMB were signed for advanced maintenance of high-speed trains with subsidiaries of China National Railway Group [1]. - Agreements worth approximately 111.6 billion RMB were made for urban rail vehicles, equipment sales, and maintenance with entities such as Hefei Urban Rail Group and Shenyang Metro Group [1]. Group 2: Additional Contracts - The company’s locomotive subsidiaries signed contracts totaling around 99.5 billion RMB for locomotive sales and maintenance with China National Railway Group and Kazakhstan National Railway Freight [2]. - Contracts worth approximately 22.1 billion RMB were signed for the sale of power concentrated high-speed trains with China National Railway Group [2]. - Agreements totaling about 13 billion RMB were made for passenger car repair contracts with subsidiaries of China National Railway Group [2]. Group 3: Financial Overview - As of the report, China CRRC's market capitalization stands at 196.3 billion RMB, reflecting its significant position in the industry [3].

中国中车（601766）(601766.SH)发布公告，公司及下属企业于近期(主要为2025年9月至12月)签订了若 干项重大合同，合计金额约533.1亿元人民币，约占公司中国会计准则下2024年营业收入的21.6%。 ...

智通财经APP讯，中国中车(601766.SH)发布公告，公司及下属企业于近期(主要为2025年9月至12月)签 订了若干项重大合同，合计金额约533.1亿元人民币，约占公司中国会计准则下2024年营业收入的 21.6%。 ...