HU-CRRC@EC2605A

CRRC Approves 2026 Investment Plan and H Shares Repurchase Proposal

CRRC and Unitree Sign Strategic Cooperation Agreement to Develop Smart Solutions

CR450 EMU Undergoes Operational Testing and Design Optimization by CRRC

Huayu Yongyuan Strategic New Industry Equity Investment Fund Established with 1.2 Billion Capital

MTR and CRRC subsidiary win Sydney Metro West project contract

CRRM Participates in Establishing Huayu Nongyuan Strategic Fund

Wuwei CRRC Times New Energy Equipment Co., Ltd. Established

Huaxin Securities: CRRC business structure optimization, maintain buy rating

EU Approves Joint Venture Between China's CRRC Shandong Wind Power and Romania's Grampet Group

CRRC signs major contracts worth approximately 5.331 billion yuan

CRRC Times Electric Renews Supply Agreement

Shanghai Fengling New Energy Completes Over 200 Million Yuan A Round Financing

CRRMC Develops and Launches Intelligent Core Storage and Transportation System

Ping An Increases Stake in CRRC to 6.08%

Ping An Asset Management Increases Stake in CRRC to 7.12%

Hunan's Rail Transit Equipment Exports Grow by 30.3%, State-Owned Enterprises Rise by 47%

Ping An Asset Management Increases Stake in CRRC

Ping An's Holding in CRRC H Shares Rises to 5.09%

China Ping An Increases Holding in CRRC H Shares to 5.18%

CRRC Reports Strong Q3 2025 Results with Robust New Order Growth

STARCOIN GROUP

AE LOGISTICS

GUANZE MEDICAL

WATER INDUSTRY

ZHONGSHI MINAN

IDT INT'L

HAIZHI TECH GP

MANY IDEA CLOUD

FIRST CAP GP

XL2CSOPCOIN-U

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In January, China's railway freight volume continued to grow, completing a freight dispatch volume of 438 million tons, a year-on-year increase of 3.6%. However, affected by the Spring Festival, the passenger dispatch volume decreased by 5.2% year-on-year, reaching 349 million trips. In terms of railway fixed asset investment, 46.3 billion yuan was completed in January, a year-on-year increase of 5.5%

Wallstreetcn

CHINA RAIL CONS

Daqin Railway

Yinhua CSI Infrastructure ETF

CRRC

Guotai CSI Infrastructure ETF

ChinaAMC CSI All Share Transportation ETF

CHINA RAILWAY

ChinaAMC CSI Infrastructure ETF

Guotai CSI Mainland transport theme ETF

CRCC

In January, China's railway freight volume continued to grow

Zhuzhou CRRC Says Preliminary Figures Show 11% Rise in 2025 Profit

marketscreener

Zhuzhou CRRC Says Preliminary Figures Show 11% Rise in 2025 Profit

CRRC (1766.HK) experienced a low-level oscillation yesterday, repeatedly testing the key support level of HKD 5.90 during the day without success, with strong bottoming sentiment. Selling pressure was released at the opening, and heavily positioned funds have not shown a willingness to accumulate shares, with most participants focusing on short-term testing rather than sustained buying. Throughout the day, the sector lacked a leading theme to drive it, with weak internal connectivity and cautious market sentiment. On the macro front, there have been no significant policy boosts for infrastructure and urban rail investment, and while the central bank's reverse repos have indirectly benefited large infrastructure projects, CRRC lacks new orders or other incremental positive stimuli. Funds are favoring small-cap stocks with active event catalysts. The daily technical pattern remains bearish, with MACD momentum declining, and the important resistance level of HKD 6.19 has been tested multiple times without success, indicating a lack of strong short-term rebound momentum. This week, it is necessary to track industry news and changes in capital flow; if there are positive events or increased trading volume, opportunities for low-level speculation may emerge. Otherwise, if it breaks below the previous low, selling pressure may further intensify. The market is expected to focus on range-bound oscillation and bottoming in the short term

Technical Forecast

Morning Trend | CRRC Bottoming Out, Is Capital Testing Old Lows Coming?

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BACHY

China's Bank of China, China Construction Bank, China Mobile, ICBC, Sinopharm, CRRC, BYD expected to join - sources

BANK OF CHINA

Bank of China

Bank Of China

Sinopharm Accord

CHINA MOBILE

ICBC

China Construction Bank

BYD COMPANY

BYD Company

BYD Company Limited

China's Bank of China, China Construction Bank, China Mobile, ICBC, Sinopharm, CRRC, BYD expected to join - sources

The chairman of CRRC, Sun Yongcai, stated that in 2026, a comprehensive operational assessment and design optimization of the CR450 high-speed train prototype will be conducted, marking the entry of China's 400 km/h high-speed railway technology into the operational phase. The CR450 train set is the fastest high-speed train in the world, featuring safety, energy efficiency, and comfort. In addition, CRRC will also promote the research and application of other train sets and standard metro vehicles

The chairman of CRRC: The CR450 trainset prototype will undergo comprehensive operational assessment and design optimization in 2026

CRRC (1766.HK) performed sluggishly throughout the day on January 8, with the stock price repeatedly testing low support levels and trading volume being weak. The railway infrastructure sector lacks new catalysts in its fundamentals recently, with the release cycle of new orders extended and expectations for policy support falling short, leading mainstream funds to remain cautious. A closer look at the intraday data shows weak momentum for large capital entry, with the KDJ continuing to decline after a death cross, and the MACD negative value widening. Short- and medium-term moving averages are closely moving downwards, and the low support has repeatedly tested without effective rebounds. Industry sentiment is dragged down by the leaders, and there is currently no main line driving the short-term market. The key will be the subsequent large projects and new infrastructure policies. Without structural rallies, the short-term weakness is difficult to change, and any significant intraday large orders need to be closely monitored, with position management being particularly important

Morning Trend | CRRC Approaches Low Support, Is the Sector's Stabilization Momentum Still Gathering?

CRRC Zhuzhou Electric Locomotive Co., Ltd. held the commissioning ceremony for the domestic largest 30MW wind turbine type testing system in Yangjiang Binhai New Area. The successful commissioning of this system will promote the development of the offshore wind turbine industry and provide support for the innovation of deep-sea wind power equipment

The domestic largest 30MW wind turbine type testing system is put into operation

CRRC Corporation Limited reported strong shareholder turnout at its 2025 third extraordinary general meeting, with 66.5% of voting share capital represented. All proposed resolutions were approved, demonstrating robust shareholder engagement. The meeting adhered to Chinese company law and regulatory requirements. The latest analyst rating for CRRC stock (HK:1766) is a Hold, with a price target of HK$6.40. CRRC is a leading Chinese manufacturer in the rail transit equipment industry, with a market cap of HK$212.6 billion.

Tip Ranks

CRRC Reports Strong Shareholder Turnout and Approved Resolutions at 2025 Third EGM

Yesterday, CRRC experienced sluggish trading, with the market lacking a main driving force, remaining in a low-volume consolidation zone throughout the day. Last week, the news of the EU approving a joint venture with a Romanian company briefly stimulated the market's focus, raising CRRC's internationalization attention, but there was no sustained follow-up buying, as more funds chose to remain on the sidelines. Recently, the overall performance of the rail transit and equipment manufacturing sectors has been relatively low, with limited sector effects, and there have been no new major driving news released from the policy side, resulting in weak participation from active funds. The technical indicators suggest medium to long-term pressure, with moving averages collectively trending downward and KDJ sliding, indicating short-term fluctuations downward, with attention on testing new lows in the current phase. The trading community is focusing on overseas orders and policy catalysts; a sudden formal signing or favorable national policies may stimulate increased activity. However, short-term funds are leaning towards caution, making it difficult to escape the defensive pattern before new momentum emerges. It is recommended to mainly observe; active participation should occur only when there is effective volume expansion and new policy momentum is injected. Structural market trends, sudden signals, and changes in news will be key observation targets

Morning Trend | CRRC's Main Force Buys on Dips, Can Overseas News Activate Bulls?

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CTG DUTY-FREE(01880) rose 15.77%, with a trading turnover 1.2 Billion HKD, and a year-to-date rose 58.4%. MIXUE GROUP(02097) rose 10.13%, with a trading turnover 689.2 Million HKD, and a year-to-date rose 114.8%. PRADA(01913) fell 4.67%, with a trading turnover 66.8 Million HKD, and a year-to-date fell 5.5%. WUXI BIO(02269) fell 2.99%, with a trading turnover 1.5 Billion HKD, and a year-to-date rose 88.7%.

- The Hang Seng Index rose by 0.43%, with a year-to-date increase of 28.6%.  
- The Hang Seng Technology Index gained 0.87%, accumulating a 23.7% rise this year.  
- Notable stock movements include China National Pharmaceutical rising by 15.77% and Midea Group increasing by 10.13%, while Prada fell by 4.67%.

Top Gainers & Losers

CTG DUTY-FREE

MIXUE GROUP

LAOPU GOLD

ZHAOJIN MINING

SMIC

PRADA

WUXI BIO

WUXI APPTEC

XIAOMI-W

Top 5 HK Stock Gainers/Losers (>100B) (12.22)

On the 19th, the European Commission announced that it has approved the establishment of a joint venture between CRRC Shandong Wind Power Co., Ltd. and the Grampet Group of Romania under the EU Merger Regulation. The transaction mainly involves the manufacturing of railway freight cars

The European Commission approves the establishment of a joint venture between Chinese companies and Romanian enterprises

HU-CRRC@EC2605A(29738.HK)

In January, China's railway freight volume continued to grow

Zhuzhou CRRC Says Preliminary Figures Show 11% Rise in 2025 Profit

Morning Trend | CRRC Bottoming Out, Is Capital Testing Old Lows Coming?

China's Bank of China, China Construction Bank, China Mobile, ICBC, Sinopharm, CRRC, BYD expected to join - sources

The chairman of CRRC: The CR450 trainset prototype will undergo comprehensive operational assessment and design optimization in 2026