Ge Long Hui·2025-08-27 03:01Group 1 - The core viewpoint of the report indicates that China CNR's revenue increased by nearly 33% year-on-year in the first half of the year, with net profit growing by 72.5% [1] - The railway equipment business experienced significant growth, and the introduction of new high-speed trains and advanced repairs is expected to support the steady growth of the rail transit equipment industry [1] - As a leading player in the rail transit equipment sector, China CNR is anticipated to benefit from the ongoing positive trends in the industry [1] Group 2 - The forecast for China CNR's high-speed train revenue has been revised upward, with earnings per share projections for 2025 to 2027 adjusted from 0.47, 0.51, and 0.54 to 0.51, 0.53, and 0.57 respectively [1] - The target price for China CNR has been raised from 6.44 HKD to 7.42 HKD, while maintaining a "buy" rating [1]