CRRC (01766) gained over 4%, rising 4.48% to HK$6.07 with trading volume of HK$73.16 million as of press time.

On the news front, China Railway Group announced on August 19 the second batch tender for 2025 procurement of 350 km/h Fuxing intelligent high-speed train sets. The tender involves 108 units of 350 km/h Fuxing intelligent train sets (8-car standard type), 30 units of 350 km/h Fuxing intelligent train sets (8-car cold-resistant type), and 72 units of 350 km/h Fuxing intelligent train sets (16-car standard type, equivalent to 36 trainsets), totaling 210 standard units.

China Galaxy Securities noted that the second batch of 2025 train set tenders exceeded expectations. Since the beginning of this year, China Railway Group has cumulatively tendered 278 units of 350 km/h train sets (68 units in April plus 210 units this time), continuing to achieve growth on top of last year's high base of 265.5 units tendered by national and local railways (246.5 units by China Railway + 4 units by Meilong Railway + 15 units by Guangzhan Railway).

Additionally, China Railway has conducted two rounds of high-level maintenance tenders this year, totaling 663.5 units (90.25 units for third-level maintenance + 235.25 units for fourth-level maintenance + 338 units for fifth-level maintenance), with tender quantities slightly lower than the same period last year. The tenders by China Railway this year align with previous expectations that both new manufacturing and high-level maintenance tenders for train sets in 2025 would likely remain at high levels.