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    601766   CNE100000CP9

CRRC CORPORATION LIMITED

(601766)
  Report
End-of-day quote Shanghai Stock Exchange  -  2022-09-29
4.690 CNY   +0.21%
09/23CRRC Times Electric Earmarks $1.6 Billion on Two New Factories
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09/22Zhuzhou CRRC Times Electric Proposes $1.57 Billion Investment
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CRRC : 1st additionally purchased train ...

08/13/2022 | 12:43am EDT

Recently, the first train of the additional purchase project for Line 2 of Suzhou Rail Transit made by CRRC Puzhen was delivered.

The additional trains for Line 2 of Suzhou Rail Transit adopt a composition of 5 Type B cars, with a maximum operating speed of 80km/h. The dynamic map within the carriage is upgraded to be a 43" super-large LCD screen, providing clearer station and other information for passengers; the intelligent air conditioning system controls the temperature real time according to the environment, and adjusts the volume of fresh air to satisfy the comfort need and the energy conservation requirements of the train; and in addition, the seven intelligent operating systems carried by the EMU provide convenience and data support for the operation, maintenance and use of the train, taking the overall reliability of the train to the next level.

It is learned that Line 2 of Suzhou Rail Transit covers a total length of 42km and multiple densely populated areas. The successful delivery of the first train of the additional purchase project for Line 2 of Suzhou Rail Transit shortens the running intervals and significantly satisfies residents' increasing traveling needs.

Disclaimer

CRRC Corporation Limited published this content on 12 August 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 13 August 2022 04:42:04 UTC.


© Publicnow 2022
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Financials
Sales 2022 222 B 31 275 M 31 275 M
Net income 2022 9 825 M 1 381 M 1 381 M
Net cash 2022 29 327 M 4 122 M 4 122 M
P/E ratio 2022 14,1x
Yield 2022 3,42%
Capitalization 124 B 17 452 M 17 452 M
EV / Sales 2022 0,43x
EV / Sales 2023 0,36x
Nbr of Employees 160 480
Free-Float 47,6%
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Mean consensus OUTPERFORM
Number of Analysts 11
Last Close Price 4,69 CNY
Average target price 5,71 CNY
Spread / Average Target 21,8%
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Managers and Directors
Yong Cai Sun Chairman & General Manager
Qi Liang Lou President & Executive Director
Zheng Li Chief Financial Officer & Chief Accountant
Hu Zhao Chairman-Supervisory Board
Jianzhong Shi Independent Non-Executive Director
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