SGP(SH:603586) Zhong Guo Zheng Quan Bao - Zhong Zheng Wang·2025-12-19 10:21Core Viewpoint - The CRH380D train brake pads have passed small-scale testing, allowing the product to participate in market competition, but this does not guarantee market orders or direct contributions to performance [1][3]. Group 1: Product Testing and Qualification - The CRH380D train brake pads underwent small-scale testing from October 30, 2024, to November 12, 2025, and the overall operational status was good, meeting the testing requirements [1]. - The product is now qualified for market sales, marking an extension of the company's train braking products to the 300-350 km/h speed range, which enhances the product matrix in the rail transportation sector [2]. Group 2: Impact on Company Operations and Performance - The small-scale testing of the CRH380D train brake pads does not directly correlate with market orders or performance contributions, as sales and performance will depend on specific orders or contract execution [3]. - While the new product's qualification is expected to positively influence market expansion and future operational performance, it will not significantly impact the company's current year operating results [3].