中国中车：公司及下属企业于近期签订若干项重大合同

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].