SEHK:3898Machinery
The Bull Case For Zhuzhou CRRC Times Electric (SEHK:3898) Could Change Following New 3-Year Supply Deal With CRRC Group
Zhuzhou CRRC Times Electric announced positive nine-month results with revenue of CNY 18.83 billion and net income of CNY 2.72 billion, and revealed the principal terms of a new three-year mutual supply agreement with CRRC Group set to run from 2026 to 2028.
This agreement not only covers a broad scope of products and services but is designed to support growth in both domestic and overseas railway markets, aligning with national strategies for emission reduction and technological...