中国中车近三个月签订逾533亿元订单 新能源业务成公司新支柱
Xin Lang Cai Jing·2025-12-17 15:47

Core Viewpoint - China CRRC (601766.SH) has reported significant contract signings in the past three months, with a total amount of approximately 53.31 billion yuan, highlighting the importance of its new energy business, particularly in wind and energy storage equipment [1][2]. Group 1: Recent Contract Signings - China CRRC and its subsidiaries signed several major contracts totaling approximately 53.31 billion yuan, with wind and energy storage equipment contracts amounting to about 16.65 billion yuan [1]. - The breakdown of the contracts includes: - High-level maintenance contracts for EMUs totaling approximately 12.04 billion yuan - Urban rail vehicles, equipment sales, and maintenance contracts totaling approximately 11.16 billion yuan - Locomotive sales and maintenance contracts totaling approximately 9.95 billion yuan - Sales contracts for power concentrated EMUs totaling approximately 2.21 billion yuan - Bus repair contracts totaling approximately 1.3 billion yuan - These contracts represent about 21.6% of the company's projected revenue for 2024 [1]. Group 2: New Energy Business Growth - The new energy business of China CRRC has shown continuous breakthroughs, becoming a major highlight of the company's new orders [2]. - From December 2024 to May 2025, China CRRC secured contracts worth 5.36 billion yuan for wind and energy storage equipment, followed by an additional 4.03 billion yuan in contracts from May to July [2]. - In November, domestic wind power integrators collectively won bids for 10,512 MW, with China CRRC Zhuzhou leading at 1,986 MW, followed by Mingyang Smart Energy (601615.SH) and Dongfang Electric (600875.SH) [2]. - The company’s revenue from urban rail and city infrastructure reached 27.288 billion yuan in the first three quarters of 2025, a year-on-year decrease of 3.99%, while revenue from new industries, including clean energy, increased by 31.91% to 66.097 billion yuan, accounting for 36% of total revenue [2].