智通财经网·2025-08-27 09:01Group 1 - Goldman Sachs raised the target price for China CRRC H-shares (01766) from HKD 6.2 to HKD 6.8, maintaining a "Buy" rating; the target price for A-shares (601766.SH) was increased from CNY 5.7 to CNY 6.2, maintaining a "Neutral" rating [1] - The target price for Times Electric H-shares (03898) was raised from HKD 35.3 to HKD 37, maintaining a "Buy" rating; the target price for A-shares (688187.SH) was increased from CNY 48.7 to CNY 51, maintaining a "Neutral" rating [1] - Both China CRRC and Times Electric's performance in the first half of the year was generally in line with expectations, with a stable but differentiated pattern in railway and emerging businesses [1] Group 2 - The bidding volume for high-speed trains (MU) and locomotives has reached 278 standard trains and 455 units, exceeding previous expectations of 230 standard trains and 400 units, providing substantial support for the group's annual profitability [1] - Earnings per share (EPS) forecasts for China CRRC for 2025 to 2030 were raised by 8% to 12%; for Times Electric, EPS forecasts for 2026 to 2030 were increased by 4% to 7%, although the 2025 forecast was slightly lowered by 1% due to lower-than-expected profit margins [1]