No Data
China Galaxy Securities: Machinery Central SOEs Improve Profitability with High-Quality Development, Reshaping Value in the Wave of Gold Rush.
As of 2024/11/18, the proportion of central and local state-owned enterprises is 8% and 9% respectively, but their combined total market cap accounts for 30%, with the market cap of individual enterprises mainly ranging from 5-30 billion yuan.
HK stocks saw unusual movements, with infrastructure stocks beginning with middle letter collectively strengthening, as the CSRC released new guidelines for market cap management.
Glory 11月18日 | The 'Zhongtegu' concept stocks in the Hong Kong stock market collectively strengthened today, with low valuation infrastructure and construction stocks leading the gains. As of now, China Railway Construction Corporation rose by more than 8%, Metallurgical Corporation of China rose by more than 7%, China Railway, CNBM rose by more than 6%, China Comm Cons rose by 4%, CRRC Corporation and China Railway Signal & Communication Corporation rose by more than 2%. On the news front, on November 15, the China Securities Regulatory Commission issued 'Listed Company Supervision Guidelines No. 10 - Market Cap Management', which will be implemented from the date of publication. The guidelines require listed companies to improve their company quality, enhance operational efficiency and profitability, and combine with actual circumstances in accordance with the law.
It is reported that CRRC (01766.HK) has established a new energy fund equipment company in inner mongolia erdos resources.
According to information cited by the Securities Times from Qichacha, Erdos CRRC Times New Energy Equipment Co., Ltd., which is indirectly wholly owned by CRRC Corporation (01766.HK)(601766.SH), was recently established. The legal representative is Gu Xiaohui, with a registered capital of 20 million yuan. The scope of operation includes the manufacturing of generators and generator sets; manufacturing of machinery and electrical equipment; sales of wind turbine units and components; as well as sales of machinery and electrical equipment, etc. (ta/w)~
The State Railways Group: In the first ten months, the number of passengers transported by railroads reached over 3.7 billion, setting a new historical high for the same period.
National Railways Group announced that in the first ten months of this year, the national railroads transported 3.71 billion passengers, a 13% year-on-year increase, once again reaching a historical high for the same period, with national railroad transportation being safe, stable, and orderly. Next, the National Railways Group will closely monitor changes in passenger demand, strengthen passenger transportation organization, dynamically optimize train operation plans, enrich passenger transportation product offerings, and enhance station and onboard service quality.
In October, the national railroad passenger traffic volume increased by 6% year-on-year. Railroad fixed asset investment increased by more than 10%.
According to the data released by the National Railways Administration, the national railroad passenger traffic in October was 0.373 billion people, an increase of 6% year-on-year. The cumulative completion of fixed assets investment in railroads reached 635.1 billion RMB, an increase of 10.9% year-on-year. (ta/w)~
Express News | CRRC Corporation and other investments established a new energy company with a registered capital of 0.91 billion yuan.
No Data
No Data