长江商报消息 ●长江商报记者 汪静 中国中车（601766.SH、01766.HK）三季度斩获多项重大合同。 日前，中国中车发布公告，公司及下属企业于2025年7月至9月签订了若干项重大合同，合计金额约543 亿元。 日前，中国中车发布公告，公司及下属企业于2025年7月至9月签订了若干项重大合同，合计金额约543 亿元。 具体来看，7月至9月，公司下属动车企业与中国国家铁路集团有限公司分别签订了总计约378.2亿元的 动车组销售合同。下属机车企业与中国国家铁路集团有限公司、大秦铁路、卢森堡奈克斯铁路公司等分 别签订了总计约94.5亿元的机车销售及维保合同。 此外，公司下属企业与长春市地铁有限责任公司、沈阳地铁集团有限公司运营维护保障分公司、阿根廷 布宜诺斯艾利斯地铁公司等分别签订了总计约34.8亿元的城轨车辆销售及维保合同。 公司下属货车企业与中国国家铁路集团有限公司分别签订了总计约24.8亿元的货车销售合同。公司下属 货车企业与中国国家铁路集团有限公司下属各路局公司分别签订了总计约11.1亿元的货车修理合同。 长江商报记者注意到，近年来，中国中车在频揽国内市场订单的同时，抢抓全球市场机遇，推动业务全 产业 ...

报告指，今年迄今，中国350公里/小时动车组招标共278列，已超过去年全年(2024年为247列)的水平， 反映铁路客运和替换需求强劲，将使时代电气作为关键零件供应商受益。该行预计，中国国家铁路集团 稳定的招标动能，以及即将到来的铁路设备维修周期，将在未来三年推动公司铁路业务永续增长。 智通财经APP获悉，中信里昂发布研报称，予时代电气(03898)"跑赢大市"评级。公司9月30日宣布7月至 9月新签订单总额达540亿元人民币，其中包括378亿元人民币的动车组销售额，这部分销售额将来自中 国国家铁路集团8月19日发布的第二批动车组招标。 ...

1. 公司下属动车企业与中国国家铁路集团有限公司分别签订了总计约378.2亿元人民币的动车组销售合 同。 中国中车(01766)涨超4%，截至发稿，涨4.1%，报6.1港元，成交额7342.44万港元。 消息面上，9月29日，中国中车发布公告，该公司及下属企业于近期(主要为2025年7月至2025年9月)签 订了若干项重大合同，合计金额约543.4亿元人民币，具体情况如下： 4. 公司下属货车企业与中国国家铁路集团有限公司分别签订了总计约24.8亿元人民币的货车销售合同。 5. 公司下属货车企业与中国国家铁路集团有限公司下属各路局公司分别签订了总计约11.1亿元人民币的 货车修理合同。 上述合同总金额约占公司中国会计准则下2024年营业收入的22%。 2. 公司下属机车企业与中国国家铁路集团有限公司、大秦铁路股份有限公司、卢森堡奈克斯铁路公司 (Nexrail AssetCo S.à.r.1.)等分别签订了总计约94.5亿元人民币的机车销售及维保合同。 3. 公司下属企业与长春市地铁有限责任公司、沈阳地铁集团有限公司运营维护保障分公司、阿根廷布宜 诺斯艾利斯地铁公司(Subterraneos de Bueno ...

Market Performance - The three major A-share indices collectively rose on September 29, with the ChiNext Index increasing by 2.74% [1] - The total trading volume in the Shanghai and Shenzhen markets reached 21,781.43 billion yuan, an increase of over 12 billion yuan compared to the previous trading day [1] - More than 3,500 stocks closed higher, with 68 stocks hitting the daily limit up [1] Sector Performance - The leading sectors included metals such as zinc, nickel, and lead, while sectors like pork and military equipment restructuring saw significant declines [2] Institutional Ratings - A total of 21 buy ratings were issued by institutions today, covering 20 stocks, with three stocks receiving target price forecasts [3] - Stocks with buy ratings from institutions averaged a rise of 2.34%, outperforming the Shanghai Composite Index [4] Stock Highlights - Notable stocks that rose today included Lingyi Zhi Manufacturing and New Australia Holdings, with significant gains [5] - The top gainers included Feilihua, Luzhou Laojiao, and Huhua Electric, with increases of 5.24%, 4.3%, and 3.18% respectively [5] Institutional Buying and Selling - In the Dragon and Tiger list, 12 stocks saw net buying from institutions, with Tianqi Materials and Chuling Information receiving over 100 million yuan in net purchases [6] - The top net buying amounts included Tianqi Materials at 1 billion yuan and Lingyi Zhi Manufacturing at 987.78 million yuan [6] - Among the stocks sold by institutions, New Light Optoelectronics faced the highest net selling at 144 million yuan [7] Northbound Capital - Northbound funds saw net buying in 11 stocks, with Lingyi Zhi Manufacturing and Tianqi Materials leading the way [7] - Three stocks experienced net selling from northbound funds, with Wanxiang Qianchao facing a net sell of 105 million yuan [8] Company Announcements - Jingye Intelligent plans to acquire a 51% stake in Hefei Shengwen Information Technology for 1.08 billion yuan, aiming to enhance its military industry strategy [9] - Walton Technology is in the proposal stage for a project to enhance membrane materials and components, subject to internal approvals and market conditions [9] - ST Mingjiahui has received a court ruling for restructuring, which may lead to delisting risks if the restructuring fails [10] - Huayou Cobalt's subsidiary signed a supply agreement with LG Energy Solution for 76,000 tons of ternary precursor products from 2026 to 2030 [11] - China CRRC announced several major contracts totaling approximately 543.4 billion yuan, representing 22% of its projected 2024 revenue [11] - ST Mubang's actual controller is under investigation by the China Securities Regulatory Commission for failing to disclose non-operating fund transactions [11]

Group 1 - Yinglian Co., Ltd. expects a net profit of 34.5 million to 37.5 million yuan for the first three quarters of 2025, representing a year-on-year increase of 1531% to 1673% [1] - China CNR Corporation signed major contracts totaling approximately 54.34 billion yuan, accounting for 22% of its expected revenue for 2024 [1] - Shengmei Shanghai reported a total order amount of 9.072 billion yuan, a year-on-year increase of 34.1% [2] Group 2 - Fulian Precision plans to increase capital in its subsidiary Jiangxi Shenghua with a total investment of 35.63 billion yuan, which is expected to constitute a major asset restructuring [3] - Aimeike has obtained a drug registration certificate for Minoxidil topical solution, which is used for treating male pattern baldness [4] - Guolin Technology is planning to acquire 91.07% of Kailianjie’s equity for cash, which is expected to constitute a major asset restructuring [5] Group 3 - Baicheng Co. plans to purchase 55% of Shanghai Canxi Engineering Equipment Co. and will suspend trading of its stock starting September 30, 2025 [6][7] - Diaowei is planning to acquire equity in Rongpai Semiconductor and has suspended trading of its stock [8] - Xiatun New Energy signed a strategic cooperation framework agreement with Zhongwei Co. to establish a long-term partnership in the supply chain for solid-state lithium battery materials [9] Group 4 - Lingyi Zhi Manufacturing is planning to issue H-shares and list on the Hong Kong Stock Exchange to enhance its international strategy [10] - Baicheng Pharmaceutical received clinical trial approval for its innovative drug BIOS-0623-Z4, which targets cancer pain treatment [11] - Weide Information announced a preliminary transfer price of 40.33 yuan per share, representing a 26% discount to its closing price [12] Group 5 - Huayou Cobalt's subsidiary signed contracts with LGES for the supply of 76,000 tons of ternary precursor materials and 88,000 tons of ternary cathode materials from 2026 to 2030 [13] - Hubei Energy signed a cooperation agreement with the Xiangyang Municipal Government to invest 26.7 billion yuan in clean energy projects [14]

Macro Dynamics - As of June 2025, China's banking sector has foreign financial assets totaling $17,721 billion and foreign liabilities of $15,377 billion, resulting in a net foreign asset of $2,344 billion. The net liabilities in RMB amount to $3,171 billion, while net assets in foreign currencies total $5,515 billion. The breakdown of foreign financial assets shows that loans and deposits account for $10,638 billion (60%), bonds for $4,526 billion (26%), and other assets for $2,557 billion (14%) [2]. Visa and Immigration Policies - China has introduced a new K visa category aimed at promoting exchanges and cooperation among young scientific and technological talents, with details to be announced by Chinese embassies and consulates [3]. - Starting September 29, South Korea has implemented a visa waiver policy for group tourists from China, allowing groups of three or more to enter without a visa for up to 15 days [5]. Financial Institutions - Roadhuas Securities has been fined HKD 2.1 million by the Hong Kong Securities and Futures Commission for improper handling of client funds, which included failing to maintain sufficient funds in independent client accounts on 12 occasions between February 2021 and July 2022 [6]. Market Data - On September 29, the A-share market saw all major indices rise, with the Shanghai Composite Index increasing by 0.9%, the Shenzhen Component by 2.05%, and the ChiNext Index by 2.74%. The total trading volume across the Shanghai and Shenzhen exchanges was CNY 21,781 billion, an increase of CNY 120 billion from the previous day [7]. - The margin financing balance in the two markets decreased by CNY 19.253 billion as of September 26, with the Shanghai Stock Exchange reporting a balance of CNY 12,188.55 billion and the Shenzhen Stock Exchange reporting CNY 11,815.43 billion [8]. Company Dynamics - China CNR Corporation announced several major contracts signed between July and September 2025, totaling approximately CNY 543.4 billion, which represents about 22% of the company's projected revenue for 2024 [11]. - The actual controller of *ST Muban has been placed under investigation by the China Securities Regulatory Commission for failing to disclose non-operational fund transactions, with the stock experiencing a 21.71% increase over four consecutive trading days [12]. - Visa has appointed Elaine Chang as the new president for the Greater China region, succeeding Shirley Yu, who is set to retire at the end of the year [13]. - JD Health announced the resignation of its CEO, Jin Enlin, effective September 29, 2025, with Cao Dong appointed as the new CEO [14]. - Hainan Duty-Free Company has increased its registered capital from CNY 1.2 billion to CNY 1.7 billion, marking a 42% increase [15][16]. - AstraZeneca plans to list its shares on the New York Stock Exchange while retaining its headquarters in the UK [17]. - XGIMI Technology has submitted a listing application to the Hong Kong Stock Exchange, with CICC as the exclusive sponsor [18].

格隆汇9月29日丨中国中车股份有限公司及下属企业于近期(主要为2025年7月至2025年9月)签订了若干 项重大合同，合计金额约543.4亿元人民币，具体情况如下： 1. 公司下属动车企业与中国国家铁路集团有限公司分别签订了总计约378.2亿元人民币的动车组销售合 同。 2. 公司下属机车企业与中国国家铁路集团有限公司、大秦铁路股份有限公司、卢森堡奈克斯铁路公司 (Nexrail AssetCo S.à.r.1.)等分别签订了总计约94.5亿元人民币的机车销售及维保合同。 上述合同总金额约占公司中国会计准则下2024年营业收入的22%。 3. 公司下属企业与长春市地铁有限责任公司、渖阳地铁集团有限公司运营维护保障分公司、阿根廷布宜 诺斯艾利斯地铁公司(Subterraneos de Buenos Aires Sociedad del Estado)等分别签订了总计约34.8亿元人民 币的城轨车辆销售及维保合同。 4. 公司下属货车企业与中国国家铁路集团有限公司分别签订了总计约24.8亿元人民币的货车销售合同。 5. 公司下属货车企业与中国国家铁路集团有限公司下属各路局公司分别签订了总计约11.1亿元人民币的 ...

Core Viewpoint - China CNR Corporation Limited (601766) has recently signed several significant contracts totaling approximately 54.34 billion RMB, which will contribute to its revenue in the upcoming years [1][2] Group 1: Contract Details - The company's subsidiary in the high-speed train sector signed sales contracts with China National Railway Group totaling approximately 37.82 billion RMB [1] - The locomotive subsidiary signed sales and maintenance contracts with China National Railway Group, Daqin Railway (601006), and Luxembourg Nexrail totaling approximately 9.45 billion RMB [1] - Contracts for urban rail vehicle sales and maintenance were signed with Changchun Metro, Shenyang Metro, and Buenos Aires Metro, amounting to approximately 3.48 billion RMB [1] - The freight car subsidiary signed sales contracts with China National Railway Group totaling approximately 2.48 billion RMB [1] - The freight car subsidiary also signed repair contracts with various railway bureaus under China National Railway Group totaling approximately 1.11 billion RMB [1] Group 2: Financial Impact - The total amount of these contracts represents approximately 22% of the company's projected revenue for 2024 under Chinese accounting standards [2]

Core Viewpoint - China CRRC Corporation Limited has recently signed several significant contracts totaling approximately 54.34 billion RMB, which will contribute to its revenue in the upcoming years [1][2] Group 1: Contract Details - The company's subsidiary in the high-speed train sector signed sales contracts with China National Railway Group totaling approximately 37.82 billion RMB [1] - The locomotive subsidiary signed sales and maintenance contracts with various entities, including China National Railway Group and Luxembourg Nexrail, amounting to about 9.45 billion RMB [1] - Contracts for urban rail vehicle sales and maintenance were signed with companies such as Changchun Metro and Buenos Aires Metro, totaling around 3.48 billion RMB [1] - The freight car subsidiary signed sales contracts with China National Railway Group worth approximately 2.48 billion RMB [1] - Additionally, the freight car subsidiary entered into repair contracts with various railway bureaus under China National Railway Group, totaling about 1.11 billion RMB [1] Group 2: Financial Impact - The total value of these contracts represents approximately 22% of the company's projected revenue for 2024 under Chinese accounting standards [2]

格隆汇9月29日丨中国中车(601766.SH)公告称，公司及下属企业于近期（主要为2025年7月至2025年9 月）签订了若干项重大合同，合计金额约543.4亿元。其中，下属动车企业与中国国家铁路集团有限公 司签订了总计约378.2亿元的动车组销售合同；下属机车企业与相关方签订了总计约94.5亿元的机车销售 及维保合同；下属企业与相关方签订了总计约34.8亿元的城轨车辆销售及维保合同；下属货车企业与相 关方签订了总计约24.8亿元的货车销售合同和总计约11.1亿元的货车修理合同。上述合同总金额约占公 司中国会计准则下2024年营业收入的22%。 ...