CRRC's stock soared 5.25% intraday on Thursday, reflecting strong investor sentiment following a significant business development.

The surge comes after the company announced that it and its subsidiaries have secured new contracts worth approximately RMB36.34 billion, signed primarily between December 2025 and April 2026. The new business represents roughly 13.30% of the group's 2025 revenue, highlighting a substantial influx of orders.

The contracts span multiple segments, reinforcing CRRC's core rail-equipment franchise while expanding into new growth areas. Urban rail transit deals accounted for the largest share, while the company also locked in significant orders for renewable-energy equipment like wind-turbine and energy-storage systems. The order book further includes locomotive overhauls, freight wagon sales, and international locomotive sales, providing incremental exposure outside China.