China General account (03969) rose nearly 6% in late trading and rose 5% as of press time.1xbetroulette.11% to HK $3.50, with a turnover of HK $93.7465 million.
On the news, on May 10, the national railway procurement platform issued a tender announcement for EMU. Galaxy Securities pointed out that the EMU bid for the first time exceeded expectations, focusing on the release of rail transit equipment demand under cycle recovery and equipment renewal.1xbetrouletteWe believe that under the triple logical deduction of equipment renewal + passenger flow recovery + overhaul cycle, the rail transit industry will usher in a new round of prosperity. According to the pace of bidding in previous years, the National Railway Group will also purchase 1-2 EMU new cars and advanced repairs in the second half of the year, and the railway equipment is still expected to be poor.
In addition, on May 7, Lou Qiliang, secretary of the party committee, chairman and general manager of China Communications, presided over a meeting to promote low-level economic work. The General signal Construction Group, as a wholly-owned second-class subsidiary of China General account, recently announced that the company has made a preliminary strategic deployment in the field of low-altitude economy. The company said that it is committed to finding and occupying a favorable position in the low-altitude economy industry; Changsha Design Institute is highly expected to strengthen professional skills training and communication; and Tongzao Construction Group will provide substantive technical and product solutions. Deeply participate in the overall planning of China Communications.