Shandong Gold Phoenix (603586.SH): CRH380D EMU Brake Pads Pass Small-Batch Trial

Stock News12-18

Shandong Gold Phoenix Co., Ltd. (603586.SH) announced that it recently received a notice from the Rolling Stock Department of China Railway Chengdu Group confirming the successful small-batch trial of its CRH380D EMU brake pads. Passing the trial only qualifies the product for market competition and does not directly translate to secured orders or financial contributions. Actual sales performance and earnings impact will depend on future order acquisitions or contract execution. While the approval may positively influence market expansion and long-term operational results, it is not expected to significantly affect the company's current-year financial performance.

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