- Barrons.com•2 months ago
It’s been a jolly Christmas for China’s CRRC (1766.HK) (601766.CN). The rolling stock manufacturer has announced that it has recently signed several new contracts worth a total CNY38.95 billion. Of the amount, CNY16.68 billion was from new overseas contracts, CNY14.43 billion from a high-speed multiple units (MU) refurbishment contract, CNY5.88 billion from a metro trains contract and CNY1.96 from a freight wagon contract.
- Reuters•7 months ago
Foreign firms say they are struggling to gain access to China's vast railway market as the country, seeking to transform its domestic industry into an export powerhouse, tightens the bidding criteria on rail tenders. The complaints echo similar concerns raised in other industries including technology and renewable energy, and highlight what some foreign companies see as an uneven playing field when operating in China. "In the last 1-2 years there have been tendencies to disregard foreign-invested companies as Chinese companies, and to prefer Chinese-invested companies versus foreign-invested companies," Ansgar Brockmeyer, board chairman of German brake maker Knorr-Bremse's Asia Pacific arm, told Reuters.
- Reuters•last year
China's CRRC Corp said it has won its second major contract in the United States after the Chicago transport authority accepted its $1.3 billion bid to build rail cars for the city. "This is the largest subway car project that a Chinese railway equipment company has received from a developed country to date. 'Made in China' rail is set to land in the United States' Chicago," the company said in an e-mailed statement.
1766.HK : Summary for CRRC - Yahoo Finance
CRRC Corporation Limited (1766.HK)
HKSE - HKSE Delayed Price. Currency in HKD
Add to watchlist
|Day's Range||7.49 - 7.64|
|52 Week Range||6.45 - 8.35|
|PE Ratio (TTM)||14.87|
|Dividend & Yield||0.02 (2.36%)|
|1y Target Est||N/A|