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In July, China's industrial added value above a designated scale increased by 5.1% year-on-year, with manufacturing industry growing by 5.3%.
From a month-on-month perspective, in July, the added value of industries above designated size increased by 0.35% compared with the previous month.
Huachuang Securities: 2024 may have entered a new cycle of rail transit.
Since 2023, the rail transit equipment industry may be entering a new cycle due to factors such as "improving passenger flow, maintenance cycles, and equipment updates", and is expected to open up a larger market space.
Zheshang Securities: Railroad investment is stable. Equipment updates and maintenance cycles have arrived.
In the first half of 2024, China's railroads fixed assets investment reached CNY 337.3 billion, a year-on-year increase of 10.6%. Assuming that the growth rate continues to be 10% in the second half of the year, the investment of railroads in 2024 is expected to reach CNY 840 billion for the whole year.
0.9% Earnings Growth Over 3 Years Has Not Materialized Into Gains for Zhuzhou CRRC Times Electric (HKG:3898) Shareholders Over That Period
CITIC Securities: Three-dimensional analysis of space, path, and profit reveals great opportunities for global auto parts globalization.
Now is the right time to go global. The accelerated globalization of high-quality domestic parts supports a new round of growth in the domestic parts industry in terms of space, path, and profitability. It is expected to create a new global leader.
Times Electric (03898.HK): Yi Weihua and Li Peng resigned from the position of company vice president due to job transfer reasons.
Times Electric (03898.HK) announced on August 2nd that the board of directors of the company received written resignation reports from Mr. Yi Weihua and Mr. Li Peng on August 2nd, 2024. Mr. Yi Weihua and Mr. Li Peng applied for resignation from their positions as deputy general managers of the company due to job transfers. According to relevant regulations such as the 'Company Law' and the 'Company Articles of Association', the resignation reports of Mr. Yi Weihua and Mr. Li Peng take effect from the date of delivery to the board of directors.
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