Glonghui December 1 | CRRC (1766.HK) rose 2.5% in the afternoon to HK$3.23. According to a report published by CCB International, CRRC's overseas business and clean energy business have good potential for growth. Based on better revenue growth and profit margins, its compound annual profit growth rate is expected to rise from 0% in the 2019 to 2023 fiscal year to 8% in the 2023-2025 fiscal year. The target price was raised from HK$4.2 to HK$4.6, and the rating was upgraded from “neutral” to “outperform the market”. Furthermore, according to the report, China Railway Group announced that it will purchase 55 sets of 350 km/h EMUs (MU), increasing the annual order from 87 units last year to 158 this year, ending the situation where engine unit spending has declined year after year due to the epidemic, and may stimulate a moderate growth cycle in the future.