CRRC the leading rail transit company, signs another 51.6 billion yuan order!

According to the Rail Transit Expo, CRRC, the leading rail transit equipment company, announced on June 30 that the company and its subsidiaries recently signed several major contracts (mainly from April to June 2026), totaling approximately 51.64 billion RMB. The total amount of these contracts accounts for approximately 18.9% of the company's 2025 operating revenue under Chinese accounting standards.

This contract consists of multiple components, with new EMU sales contracts totaling about 12.65 billion yuan and freight car sales contracts about 10.04 billion yuan, together accounting for nearly 44%.

In addition, high-grade EMU repair contracts are about 8.59 billion yuan, new urban rail vehicle sales and maintenance contracts are about 6.03 billion yuan, new locomotive sales and maintenance contracts are about 5.75 billion yuan, new power centralized EMU sales contracts are about 4.15 billion yuan, bus repair contracts are about 2.34 billion yuan, and wind power and energy storage equipment sales contracts are about 2.09 billion yuan.

Since the beginning of this year, CRRC's newly signed orders have continued to grow. Previously, on April 30, the company announced that it had signed several major contracts from December 2025 to April 2026, totaling approximately 36.34 billion yuan. The significant increase in newly signed contract amounts further highlights the company's market competitiveness in the rail transit equipment sector.

Innovation capabilities continue to improve

As a global leader in scale, with a complete range of products and top-tier technology in rail transit equipment, CRRC inherited all the business and assets of the former CSR and CNR. In 2025, the company will achieve operating revenue of 273.063 billion yuan, a year-on-year increase of 10.79%; Net profit attributable to shareholders was 13.181 billion yuan, up 6.4% year-on-year.

Behind the surge in orders lies CRRC's continued technological leadership. In 2025, the CR450 prototype, developed with the participation of CRRC Changchong, will set new records in the Shanghai-Chongqing-Chengdu high-speed railway test with a single-train speed of 453 km/h and a relative passing speed of 896 km/h.

In the urban rail transit sector, the world's first commercially operated carbon fiber metro train, the "CETROVO 1.0 Carbon Star Express Rail," developed with the participation of CRRC Sifang, has officially launched and is now in operation. The main load-bearing structure uses carbon fiber composite materials, reducing the overall train weight by about 11% and lowering operating energy consumption by 7%. This vehicle fills the international gap in commercial use of carbon fiber composites in the main load-bearing structure of subway vehicles.

In addition, CRRC's independently developed Digital Rail Train (DRT) replaces physical tracks with virtual tracks and has been successfully exported to countries such as Mexico, Brazil, and Australia; The hydrogen energy intelligent drive cultural-tourism integrated train can achieve a hydrogen refueling range of up to 320 kilometers, achieving zero carbon emissions.

Many institutions are optimistic about the dual driving force of "railway equipment + new industries."

Continuous orders and strong performance have also drawn institutional attention. Recently, several securities firms have intensively released research reports on CRRC, generally optimistic about the company's prospects driven by the dual engines of "railway equipment + new industries."

In its Q1 report commentary, Changjiang Securities believes that looking ahead to the full year, railway transportation has maintained growth this year, and new tenders for China Railway Group have gradually begun, supporting the company's railway equipment segment's annual performance; The urban rail sector strives to maintain a stable scale; The new industry sector is expected to see slight growth based on last year's solid growth.

Dongwu Securities stated in a research report that the company's newly signed orders are ample to ensure steady growth, internationalization is opening up growth opportunities, and high-speed trains and urban rail projects are accelerating overseas expansion to create international growth poles. On the technical side, the CR450 EMU prototype is progressing in an orderly manner, with the 600 km/h maglev train progressing smoothly on the Shanghai Maglev Line; In the new industry sector, the company's first GW-level offshore wind power project was successfully awarded, with photovoltaic inverters ranking among the top three in the industry in bid volume, and energy storage maintaining its leading position in the industry.

Guohai Securities recently pointed out in a research report that the company is creating new growth directions through new businesses. The company's electromechanical business focuses on key systems and critical components, accelerating large-scale development; The new energy equipment business will build an industrial cluster according to the principle of "full-chain leadership"; The digital intelligence industry centers on empowering the digital transformation of rail transit, urban rail, and clean energy equipment, developing intelligent manufacturing, robotics and intelligent equipment, industrial software, and industrial artificial intelligence, becoming key future growth points to cultivate.

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