CRRC (01766) rose nearly 4% in early trading. As of press release, it was up 3.69% to HK$4.21, with a turnover of HK$10.981 million.
The Zhitong Finance App learned that CRRC (01,766) rose nearly 4% in early trading. As of press release, it had risen 3.69% to HK$4.21, with a turnover of HK$10.981 million.
According to the news, CRRC announced that the company expects to achieve net profit attributable to shareholders of listed companies of 923 million yuan to 1,046 million yuan in the first quarter of 2024, an increase of 50%-70% over the previous year. The structure of products delivered by the company during the reporting period changed to a certain extent compared with the same period last year. At the same time, profit in the first quarter of the previous year accounted for a small share of annual profit, resulting in a significant year-on-year increase in operating performance in the current period.
Guojin Securities pointed out that the company's product delivery structure was optimized, and the first quarter's performance increased; railway investment continued to rise, passenger traffic volume recovered, and demand for rail transit equipment continued to recover; Level 5 EMU repairs have entered an explosion period, and they are optimistic about a high increase in maintenance business in 2024.