The Zhitong Finance App learned that Citibank released a research report saying that it gave CRRC (01766) a “buy” rating because CRRC won two contracts with a value superior to management guidelines, and the company and Times Electric (03898). It is predicted that this year's high-speed rail maintenance conference will usher in a peak demand season, with a target price of HK$6. The company recently obtained contract performance for the period from December 2023 to March 2024. The high-speed rail maintenance contract is about RMB 14.78 billion, and the high-speed rail sales contract is about RMB 11.17 billion.