智通财经网·2025-09-11 05:45Core Viewpoint - China CRRC Corporation Limited (01766) experienced a stock price increase of over 4%, reaching HKD 6.24, with a trading volume of HKD 119 million following the release of its mid-year performance report [1] Financial Performance - The company reported a revenue of CNY 119.758 billion for the first half of the year, representing a year-on-year growth of 33% [1] - The net profit attributable to shareholders was CNY 7.246 billion, showing a significant year-on-year increase of 72% [1] - The net profit excluding non-recurring items reached CNY 6.661 billion, with a remarkable year-on-year growth of 98% [1] - All four major business segments achieved positive growth compared to the previous year, with the railway equipment segment showing the fastest revenue growth of over 40% [1] Industry Developments - On August 19, the China State Railway Group announced the procurement of 210 high-speed intelligent trains for the 2025 second batch, bringing the total procurement for 2021 to 278 trains, exceeding the total planned for 2024 [1] - The 2025 work conference of the China State Railway Group set a target of 4.28 billion passenger trips, a year-on-year increase of 4.9%, and aims to complete infrastructure investments of CNY 590 billion, with 2,600 kilometers of new lines to be put into operation, significantly higher than the 1,000 kilometers target for 2024 [1]