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CRRC Corp Ltd (601766.SS)

601766.SS on Shanghai Stock Exchange

9.93CNY
23 May 2017
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Latest Key Developments (Source: Significant Developments)

CRRC Corp posts Q1 revenue from operations RMB33.59 billion
Thursday, 27 Apr 2017 08:17am EDT 

April 27 (Reuters) - CRRC Corp Ltd <601766.SS>:Q1 revenue from operations RMB 33.59 billion versus RMB 40.33 billion.Q1 net profit attributable to shareholders of the listed co RMB1.15 billion versus RMB1.99 billion a year ago.  Full Article

CRRC's units win five overseas contracts
Tuesday, 11 Apr 2017 08:00am EDT 

CRRC Corp Ltd <601766.SS><1766.HK> : Says unit signs subway car sales contract worth 1.74 billion yuan ($252.23 million) with Massachusetts Bay Transportation Authority . Says unit signs 1.32 billion yuan sales contract with Malaysia's transportation authority . Says unit wins train supply contract worth about 2.5 billion yuan for high speed rail project in Indonesia . Says unit signs subway car sales contract worth 4.5 billion yuan with Los Angeles County Metropolitan Transportation Authority .Says unit signs coach supply contract worth 1.1 billion yuan with Pennsylvania's SEPTA.  Full Article

CRRC to pay cash 2.1 yuan per 10 shares as FY 2016 div payment
Thursday, 30 Mar 2017 03:29am EDT 

CRRC Corporation Limited <601766.SS> :Says it plans to pay cash 2.1 yuan per 10 shares as FY 2016 div payment.  Full Article

CRRC's 2016 net profit down, sets financing plan, to kick off two projects
Wednesday, 29 Mar 2017 04:45am EDT 

CRRC Corp Ltd <601766.SS><1766.HK> : Says 2016 net profit down 4.4 percent y/y . Says it sets financing plan of 140 billion yuan ($20.32 billion) in 2017 . Says it plans to issue up to 70 billion yuan debt financing instruments in 2017 . Says board approves unit in the U.S. to kick off production project with investment of $129.6 million in Chicago .Says board approves unit CNR Dalian Locomotive & Rolling Stock to start production project with investment up to 2.0 billion yuan.  Full Article

CRRC says its consortium wins PPP project
Friday, 30 Dec 2016 12:22am EST 

CRRC Corp Ltd <601766.SS>: Says its consortium won bid in rail transit PPP project in Kunming .Says project total investment amount will be about 22.4 billion yuan.  Full Article

CRRC updates on transfer of stake in Ziyang Electrical
Friday, 23 Dec 2016 06:19am EST 

CRRC Corp Ltd <601766.SS> : CRRC Ziyang and CRRC Industrial Investment entered into agreement . Consideration shall be paid in cash on a one-off basis . Consideration for transaction is RMB448 million .CRRC Ziyang has agreed to sell and CRRC Industrial investment has agreed to purchase relevant equity interest.  Full Article

CRRC's board elects new chairman, vice chairman
Tuesday, 6 Dec 2016 03:57am EST 

CRRC Corp Ltd <601766.SS><1766.HK> :Says board elects Liu Hualong as chairman, Xi Guohua as vice chairman.  Full Article

CRRC says CRRC Changchun to participate in Australian Department of Transport contract
Friday, 25 Nov 2016 05:42am EST 

CRRC Corp Ltd <601766.SS> : Evolution Rail, consortium comprising CRRC Changchun Railway Vehicles , unit, Australian Downer EDI and Plenary Group entered into contract . Total value of aforementioned contract is A$2 billion, among which CRRC Changchun contributed approximately 45% . Contract with Australian Department of Transport on Victorian Government's high capacity metro trains project . HCMT project includes delivery of 65 new high capacity trains being built in victoria over next six years . Aforementioned contract has no significant impact on operation results of company .CRRC Changchun's participation as equity investor of project is investment of no more than A$15 million with shareholding ratio of 10%.  Full Article

Downer EDI says Evolution Rail Consortium achieved contractual close on Victorian Government's Metro Trains Project
Tuesday, 22 Nov 2016 02:32pm EST 

Downer Edi Ltd - : Evolution Rail Consortium achieved contractual close on Victorian Government's $2 billion High Capacity Metro Trains Project .Evolution Rail comprises Downer, Crrc Changchun Railway Vehicles and Plenary Group and consortium will deliver HCMT Project.  Full Article

CRRC sets coupon rate at 2.95 pct for 2016 first tranche corporate bonds
Tuesday, 30 Aug 2016 03:30am EDT 

CRRC Corp Ltd <601766.SS>: Says it set coupon rate at 2.95 percent for 2016 first tranche corporate bonds .Says the bonds is worth 4 billion yuan, with a term of 5 years.  Full Article

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China trainmaker CRRC to build more plants abroad in expansion plan: China Daily

SHANGHAI Chinese trainmaker CRRC plans to build more factories abroad as part of its plan to double sales outside of China to up to $15 billion by 2020, state-run China Daily reported on Monday.