报告指，国家铁路部今年累计招标高铁列车及动车分别达278组及455组，高于该行预测的230组及400 组，相信为公司全年盈利提供稳固支撑。该行上调对中车今年至2030年每股盈利预测8%至12%，以及 上调对时代电气2026年至2030年每股盈利预测4%至7%，但下调后者今年每股盈利预测1%，反映利润率 逊预期。 高盛发布研报称，中国中车（601766）(01766)及时代电气(03898)上半年业绩大致符合指引，并展示好 坏参半但稳定的铁路与新兴业务状况。该行上调中车H股目标价，由6.2港元升至6.8港元，另上调时代 电气H股目标价，由35.3港元升至37港元，并维持两者H股"买入"评级。 ...

报告指，国家铁路部今年累计招标高铁列车及动车分别达278组及455组，高于该行预测的230组及400 组，相信为公司全年盈利提供稳固支撑。该行上调对中车今年至2030年每股盈利预测8%至12%，以及 上调对时代电气2026年至2030年每股盈利预测4%至7%，但下调后者今年每股盈利预测1%，反映利润率 逊预期。 智通财经APP获悉，高盛发布研报称，中国中车(01766)及时代电气(03898)上半年业绩大致符合指引， 并展示好坏参半但稳定的铁路与新兴业务状况。该行上调中车H股目标价，由6.2港元升至6.8港元，另 上调时代电气H股目标价，由35.3港元升至37港元，并维持两者H股"买入"评级。 ...

公司研究 证 券 研 究 报 告 收入及利润双增长，铁路装备及新兴业务增 长较快 事项： ❖ 公司发布 2025 年中报：上半年公司收入 1197.58 亿，同比+32.99%，归母净 利润为 72.46 亿，同比+72.48%，扣非后归母净利润 66.61 亿，同比+98.25%。 Q2 收入 710.87 亿，同比+22.85%，归母净利润为 41.93 亿，同比+31.32%，扣 非后归母净利润 38.55 亿，同比+43.18%。 评论： [ReportFinancialIndex] 主要财务指标 中国中车（601766）2025 年中报点评 强推（维持） | | 2024A | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | | 营业总收入(百万) | 246,457 | 279,219 | 313,779 | 351,983 | | 同比增速(%) | 5.2% | 13.3% | 12.4% | 12.2% | | 归母净利润(百万) | 12,388 | 14,142 | 15,351 | 16,975 | | 同比增速(%) | ...

Investment Rating - The report maintains a "Buy" rating for the company [2] Core Insights - The company reported a record high performance in H1 2025, with revenue of 119.76 billion, a year-on-year increase of 32.99%, and a net profit attributable to shareholders of 7.25 billion, up 72.48% [5][8] - The railway equipment business showed the fastest growth, with revenue of 59.71 billion, a year-on-year increase of 42.21% [8] - The company plans to distribute a cash dividend of 1.1 yuan per 10 shares, totaling 3.16 billion, which represents 43.57% of the net profit for the first half of 2025 [8] - The profit margin and net profit for the first half of the year reached historical highs, with a net profit margin of 7.45% [8] Financial Data and Profit Forecast - The company expects total revenue for 2025 to be 265.21 billion, with a year-on-year growth rate of 7.6% [7] - The forecasted net profit for 2025 is 13.82 billion, reflecting an 11.6% increase compared to the previous year [7] - The projected earnings per share for 2025 is 0.48 yuan, with a price-to-earnings ratio of 16 [7] Business Segment Performance - The railway equipment repair and modification business generated revenue of 22.36 billion, a year-on-year increase of 11.81% [8] - The new industry segment reported revenue of 40.73 billion, up 35.59% year-on-year [8] - The modern service revenue reached 1.92 billion, with a growth of 16.39% [8] Market Context - National railway fixed asset investment for January to July 2025 was 433 billion, a year-on-year increase of 5.6%, indicating strong demand for railway services [8] - The company has exceeded the previous year's bidding volume for high-speed trains, with 278 sets of 350 km/h trains bid in the first eight months of 2025 [8]

Group 1 - The core viewpoint of the article highlights the positive performance of various companies in the Hong Kong stock market, with significant profit growth and strategic initiatives such as share buybacks and financing rounds [1][2][3][4]. Group 2 - 万国数据-SW (09698) reported a profit of 690 million RMB for the first half of the year, marking a turnaround from losses, and is currently pursuing a Series C financing round to support future projects [1]. - BOSS直聘-W (02076) saw a 85% increase in net profit year-on-year, with a nearly 20% rise in average monthly active users, and announced a share buyback plan of up to 250 million USD [1]. - 长城汽车 (02333) experienced a nearly 6% increase in stock price, with over 20,000 orders for the Haval Menglong 2026 model within 24 hours, indicating strong demand and potential for profit growth [1]. - 周生生 (00116) anticipates a mid-term profit increase to over 900 million RMB, driven by rising gold prices and effective cost control measures [1]. - 中国中车 (01766) saw a stock price increase of over 5% due to the successful bidding for 210 sets of trains, with expectations of sustained high railway investment [2]. - 中广核矿业 (01164) issued a profit warning, expecting a mid-term loss of up to 90 million HKD due to significant price fluctuations in uranium trading [2]. - 特步国际 (01368) reported better-than-expected performance, with a 12% higher net profit than Goldman Sachs' forecast, attributed to increased other income and revenue [2]. - 中国联通 (00762) experienced a stock price increase of over 4%, with expectations of stable dividend growth despite mid-term performance pressures [2]. - 玖龙纸业 (02689) anticipates a maximum annual profit growth of 190%, driven by declining costs [2]. - 海丰国际 (01308) reported a nearly 80% increase in net profit for the first half of the year, attributed to a 7.3% increase in container volume and a 22.8% rise in average freight rates [3].