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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%
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CRRC : made cross-provincial interc...

11/05/2022 EST

Recently, the first train for the Chuzhou-Nanjing intercity railway (Chuzhou section) developed and manufactured by CRRC Puzhen was officially delivered at Xiangguan Depot of Chuzhou. It is another important step closer to the operation start of Chuzhou-Nanjing intercity railway, which has also laid a foundation for the upcoming debugging and commissioning testing and trial operation.

With a speed of 140km/h, the train for the Chuzhou-Nanjing intercity railway (Chuzhou section) is an intercity D type vehicle comprising 4 carriages (2 motor cars and 2 trailers). This model has the advantage of the high speed of EMC and the benefits of quick start and stop as well as fast boarding and landing of the metro train, suitable for one-hour commute between the core city and the main surrounding cities. In terms of exterior design, CRRC Puzhen incorporated the historical and cultural elements of Chuzhou . Inspired by the phoenix painting of Chuzhou, the design features an orange belt that runs through the entire train body starting from the headstock, and the headlights are like phoenix eyes, showcasing the vitality of the train and presenting a 3D image symbolizing Chuzhou's traditional culture.

As the first intercity railway connecting Chuzhou of Anhui and Nanjing of Jiangsu in China, the operation of the Chuzhou-Nanjing intercity railway will effectively promote the development of both Chuzhou and Nanjing, and speed up the integration of Chuzhou into the Pearl River Delta.

Disclaimer

CRRC Corporation Limited published this content on 05 November 2022 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 November 2022 02:00:32 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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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