Zhi Tong Cai Jing·2025-12-17 12:30Core Viewpoint - China CRRC (601766) has announced the signing of several significant contracts totaling approximately 53.31 billion RMB, primarily scheduled between September and December 2025 [1][2] Group 1: Wind and Energy Contracts - The company's subsidiaries signed contracts worth approximately 16.65 billion RMB for wind power and energy storage equipment sales with various entities, including China Electric Power Construction Group and China Green Power [1] Group 2: High-Speed Train Maintenance Contracts - The company's subsidiaries entered into contracts totaling about 12.04 billion RMB for advanced maintenance of high-speed trains with China National Railway Group's various regional companies [2] Group 3: Urban Rail Vehicle and Equipment Contracts - Contracts worth approximately 11.16 billion RMB were signed for urban rail vehicles, equipment sales, and maintenance with entities such as Hefei Urban Rail Group and Shenyang Metro Group [1] Group 4: Locomotive Sales and Maintenance Contracts - The company's locomotive subsidiaries signed contracts totaling around 9.95 billion RMB for locomotive sales and maintenance with China National Railway Group and Kazakhstan National Railway [2] Group 5: Additional Train Contracts - Additional contracts were signed for the sale of power concentrated trains worth about 2.21 billion RMB and passenger car repair contracts totaling approximately 1.3 billion RMB with China National Railway Group [2] Group 6: Revenue Impact - The total value of these contracts represents approximately 21.6% of the company's projected revenue for 2024 under Chinese accounting standards [2]