Gelonghui, March 29 | Guosheng Securities Research Report pointed out that China Railway (601390.SH)'s Q4 performance growth accelerated. The annual growth rate was in line with expectations, and the value of the resource sector is expected to be revalued to maintain the “buy” rating. Q4 revenue and performance growth accelerated significantly. It is expected that the order conversion rate will increase mainly due to the company speeding up the execution of ongoing projects. In 2023, the company signed a new contract amount of 310.6 billion yuan, an increase of 2% (2%/9% increase domestic/overseas, respectively); the amount of new contracts signed in Q4 was 129.84 billion yuan, a year-on-year increase of 24%, a significant increase over the previous year. The company's current reserves of copper, cobalt, and molybdenum are in a leading position in the industry (as of the end of 2023, the holdings were 740/56/620,000 tons, respectively). Copper and molybdenum production capacity already ranks among the highest in the country, and the sector value needs to be re-evaluated urgently.