CRRC Corporation (01766) rose more than 4% this afternoon. As of the time of publication, it rose 4.07% to HKD 5.12 with a turnover of HKD 90.6295 million.
According to the news released by the Wisdom Financial APP, CRRC Corporation (01766) rose more than 4% in the afternoon. As of the time of publication, it rose 4.07% to HKD 5.12 with a turnover of HKD 90.6295 million.
On the news front, according to statistical data released by China National Railway Group on July 16, 2024, the national railway completed fixed assets investment of CNY 337.3 billion in the first half of 2024, a year-on-year increase of 10.6%, creating a new high in the same period of history. In addition, the data shows that in the first half of 2024, the national railway accumulated 2.096 billion passenger trips and completed a passenger turnover of 777.952 billion passenger-kilometers, setting a new high in the same period of history.
Zhongtai Securities pointed out that, from the perspective of domestic demand, in the first half of 2024, China's passenger and freight transportation reached a new historical high, and the rail transit prosperity continued to rise; from the perspective of policy, the State Council issued documents such as the "Action Plan for Promoting Large-scale Equipment Upgrading and Consumer Goods Replacement" to assist the long-term development of China's rail transit industry. In the first half of 2024, the fixed assets investment of railways reached a new high in the same period of history. From the perspective of going abroad, the leading domestic rail transit enterprise, Pan-Asia Railway, has made smooth progress in going abroad, and is expected to open up new growth space.