CRRC (01766) has seen its share price rise over 4%, currently up 4.41% to HK$6.63, with a trading volume of HK$56.93 million. The company plans to hold a board meeting on October 30 to consider and approve its financial results for the third quarter. Earlier, CRRC announced that it and its subsidiaries signed several major contracts recently (mainly between July and September 2025), totaling approximately RMB 54.34 billion, accounting for about 22% of the company’s 2024 revenue under Chinese accounting standards. Among these contracts, its subsidiary focusing on high-speed trains signed sales contracts worth approximately RMB 37.82 billion with China National Railway Group; another subsidiary involved in locomotives signed sales and maintenance contracts totaling approximately RMB 9.45 billion. According to a report from Galaxy Securities, based on the "Outline of the New Era Transportation Power Rail First Plan" issued by the National Railway Group in 2020, the national railway network is expected to reach around 200,000 kilometers by 2035, with approximately 70,000 kilometers of high-speed rail. Over the 25-35 years period, an average of over 2,000 kilometers of new high-speed rail must be put into operation annually. Benefiting from passenger flow recovery and existing maintenance, new train procurement and maintenance are expected to continue to trend upwards.