Core Viewpoint - China CRRC (01766) shares have risen over 4%, currently at 6.63 HKD, with a trading volume of 56.939 million HKD, ahead of the board meeting scheduled for October 30 to consider and approve Q3 performance [1] Group 1: Company Performance - China CRRC has recently signed several major contracts totaling approximately 54.34 billion RMB, which accounts for about 22% of the company's projected revenue for 2024 under Chinese accounting standards [1] - Among these contracts, the subsidiary responsible for high-speed trains has secured sales contracts worth approximately 37.82 billion RMB with China National Railway Group [1] - Additionally, the locomotive subsidiary has signed sales and maintenance contracts totaling around 9.45 billion RMB with relevant parties [1] Group 2: Industry Outlook - According to a report from Galaxy Securities, the national railway network is expected to reach around 200,000 kilometers by 2035, with approximately 70,000 kilometers dedicated to high-speed rail [1] - It is projected that an average of over 2,000 kilometers of new high-speed rail will need to be added annually from 2025 to 2035, benefiting from the recovery in passenger flow and ongoing maintenance of existing stock [1]