Group 1 - Goldman Sachs raised the target price for CRRC Corporation Limited (H-shares) from HKD 6.2 to HKD 6.8, maintaining a "Buy" rating; the target price for A-shares increased from CNY 5.7 to CNY 6.2, maintaining a "Neutral" rating [1] - For Times Electric (H-shares), the target price was raised from HKD 35.3 to HKD 37, maintaining a "Buy" rating; the target price for A-shares increased from CNY 48.7 to CNY 51, maintaining a "Neutral" rating [1] - Both CRRC and Times Electric's performance in the first half of the year met expectations, with a stable but differentiated pattern in railway and emerging businesses [1] Group 2 - The bidding volume for multiple units (MU) and locomotives reached 278 standard trains and 455 units, exceeding previous expectations of 230 standard trains and 400 units, providing substantial support for the group's annual profitability [1] - Earnings per share (EPS) forecasts for CRRC for 2025 to 2030 were raised by 8% to 12%; for Times Electric, EPS forecasts for 2026 to 2030 were increased by 4% to 7%, although the 2025 forecast was slightly lowered by 1% due to lower-than-expected profit margins [1]

智通财经APP获悉，高盛发布研报称，将中国中车H股(01766)目标价由6.2港元升至6.8港元，维持"买 入"评级;A股(601766.SH)目标价由5.7元升至6.2元人民币，维持"中性"评级。至于时代电气H股(03898)目 标价由35.3港元升至37港元，维持"买入"评级;A股(688187.SH)目标价由48.7元升至51元人民币，维 持"中性"评级。 该行称，中国中车及时代电气上半年业绩均大致符合指引，铁路与新兴业务呈现分化但稳定的格局。截 至当前，动车组(MU)及机车的招标量已达278标准列及455台，超越该行先前预期的230标准列及400 台，为集团的全年盈利提供实质支持。因此，该行将中国中车2025至30年每股盈利预期上调8至12%;同 时将时代电气2026至30年每股盈利预期上调4至7%，但2025年预测微降1%，因利润率低于预期。 ...