HK Stock Market Move | CRRC Corporation (01766) rises over 4%; net profit up 3.7% in first three quarters; demand for railway equipment is expected to continue growing.

CRRC Corporation (01766) rose over 4% in the afternoon. As of press time, it was up 4.24% at HK$5.405, with a turnover of HK$89.8097 million. On the news front, CRRC Corporation recently released its results. In the first three quarters, the company achieved operating revenue of RMB194.685 billion, up 5.88% year on year; net profit attributable to shareholders was RMB10.314 billion, up 3.70% year on year. Revenue from the company's three major segmentsrailway equipment, urban rail and urban infrastructure, and ShenZhen New Industries Biomedical Engineeringall achieved growth, with a solid operating foundation. Sinolink stated that with the continuous growth of China's high-speed rail operating mileage, railway passenger volume is steadily rising, and demand for railway equipment is expected to continue growing. In April and August this year, tender announcements for the procurement of 350 km/h Fuxing intelligent EMU trains were issued twice, with tender scales of 70 sets and 186 sets respectively, totaling 256 sets. If there is another round of tenders before the end of 2026, this year's tender volume is expected to maintain growth, and the company's long-term revenue from new EMU trains is viewed favorably.