China State Railway Group places 5.7 billion yuan locomotive order, CRRC Zhuzhou takes over half the share

Corporate Action
โดย 中国经营报·Read original
Summary · why it matters

China State Railway Group has announced the winning bidder candidates for its first batch of locomotive procurement in 2026. Three subsidiaries of CRRC will share an order for 308 locomotives worth a total of approximately 5.687 billion yuan. The procurement includes 203 AC drive six-axle 7,200 kW freight electric locomotives, 80 AC drive eight-axle 9,600 kW freight electric locomotives, as well as 20 plateau-type AC drive six-axle 7,200 kW freight electric locomotives and 5 plateau-type AC drive eight-axle 9,600 kW freight electric locomotives. CRRC Zhuzhou secured orders worth 3.366 billion yuan, accounting for 56.19 percent of the total tender value. CRRC Datong obtained 2.035 billion yuan, representing 35.78 percent. Ziyang CRRC received 286 million yuan, making up 5.03 percent. A source from the locomotive and rolling stock department of China State Railway Group said the large-scale procurement stems from growth in bulk freight, the policy-driven shift from road to rail, the concentrated retirement of aging locomotives, and traction demand released by newly built railway networks. A source from the freight wagon division of CRRC said this major order will boost the company's performance, stabilize capacity utilization, and improve profitability.

Impact on stocks 1

Others · 1 stocks
CRRC Corp Ltd Class A
601766
▲ PositiveDemandrelevance

CRRC subsidiaries won 5.687 billion yuan locomotive order from China State Railway Group, boosting performance and profitability.