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    601766   CNE100000CP9

CRRC CORPORATION LIMITED

(601766)
  Report
End-of-day quote Shanghai Stock Exchange  -  2023-02-02
5.360 CNY   -0.56%
02/01CRRC Unit to Supply Trains to UAE's Etihad Rail
MT
01/24China-Made Driverless Trains Debut in Turkey's New Metro Line
MT
01/19CRRC Logs 30 Billion Yuan in October 2022-January Signed Contracts
MT
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CRRC : made Electric Locomotive wit...

10/21/2022 | 12:10am EST

Recently, CRRC exhibited its electric locomotive customized for Hungary at InnoTrans 2022.

The electric locomotive with multiple current systems, which resembles URUS, has a traction power of 5,600 kilowatts, 300kN starting traction force and top speed at 140km/h. The locomotive is a high-end green traction equipment developed in accordance with the EU railway interconnection technical specifications to meet a variety of power supply systems. It will achieve certification for China's rail transit product in the seven EU countries as important freight channels, which is featured by high quality, maturity, safety, reliability and environmental protection.

The locomotive uses the multi-current-system AC transmission technology, which can automatically identify the voltage change of overhead lines, realize smooth shift between different power supply systems, and ensure the safe and stable operation across grids. It is able to meet the railway transport needs of different countries and different power supply systems along the line, and help realize railway connectivity in EU.

CRRC, by ensuring the smooth locomotive production, reveals the strong performance of Chinese enterprises and greatly proves that Chinese enterprise are able to serve EU market, develop international trade, and build new mutually beneficial and win-win partnership. This will not only help CRRC gradually continue to move towards a "respected international company", but also become a useful supplement to European public transportation system suppliers, and promote the in-depth connectivity, cooperation and win-win development of EU countries.

Disclaimer

CRRC Corporation Limited published this content on 21 October 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 21 October 2022 04:09:03 UTC.


ę Publicnow 2022
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Financials
Sales 2022 222 B 32 853 M 32 853 M
Net income 2022 9 932 M 1 469 M 1 469 M
Net cash 2022 29 401 M 4 348 M 4 348 M
P/E ratio 2022 15,8x
Yield 2022 3,10%
Capitalization 144 B 21 266 M 21 266 M
EV / Sales 2022 0,51x
EV / Sales 2023 0,44x
Nbr of Employees 160 480
Free-Float 47,6%
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Mean consensus OUTPERFORM
Number of Analysts 10
Last Close Price 5,36 CNY
Average target price 5,73 CNY
Spread / Average Target 6,90%
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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