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CRRC Corp Updates On Executive Order Issued By U.S. President On Nov 12, 2020
BRIEF-CRRC Sees Q1 Net Profit Up 70-100% Y/Y
CRRC's January-March Contracts Totalled About 23.1 Bln Yuan
CRRC Corporation Limited, formerly CSR Corporation Limited, is a China-based company, principally engaged in the manufacture and distribution of railway transportation equipment. The Company's main businesses consist of the research and development, design, manufacture, repair, distribution and leasing of railway locomotives, electric multiple units (EMUs), rapid transit vehicles, engineering machinery, mechanical and electrical equipment, electronic devices and components, electronics and environmental protection equipment. The Company is also engaged in the provision of related technical services. The Company distributes its products within domestic market and to overseas markets.
No.16 West Fourth Ring Middle Road
Chairman of the Board, President, Executive Director
Chief Financial Officer, Chief Accounting Officer
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Hong Kong's stock index compiler said on Friday that the H-shares of The People's Insurance Co (Group) of China Ltd and CRRC Corporation Ltd would be dropped from the Hang Seng China Enterprises Index effective March 9.
China's CRRC, the world's top passenger train maker, was slammed by U.S. lawmakers during a hearing on Thursday to limit the world's top passenger train maker's access to U.S. projects amid security fears.
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