To The Moon

CRRC (01766) rose over 3%. As of press time, the stock was up 3.04%, trading at HK$6.11, with a turnover of HK$91.7907 million. On January 5, MTR Corporation announced that a joint venture formed by the company and a subsidiary of CRRC has successfully won the major contract for the Sydney Metro West project in New South Wales, Australia. The consortium is responsible for providing a new generation of metro trains and related systems, and will undertake system testing and commissioning for the line. MTR stated that the Sydney Metro West is a brand-new underground railway line, spanning 24 kilometers with 9 stations, connecting the major western Sydney commercial and residential hub of Parramatta with the Sydney central business district, with a target to commence service in 2032. Wang Feng, Vice President of CRRC, stated that the company has previously participated in iconic projects such as the Melbourne Metro and Sydney's double-decker trains. Leveraging its technology and experience in building world-leading unattended metro systems both domestically and overseas, the company will create an advanced railway system for Sydney. Coupled with the close cooperation with MTR, CRRC is confident in successfully delivering the project and exceeding all expectations.