On December 16, Gelonghui reported that HTSC's Research Reports pointed out that China Railway Signal & Communication Corporation (688009.SH) is a global leader in providing control system solutions for rail transit, holding the top market share in domestic railroad and urban rail communication signal systems. With stable new demand for rail transit, the update and renovation of communication signal systems are expected to enhance the company's performance, while overseas business and the low-altitude economy are likely to create a long-term growth curve for the company. Considering the company's potential to benefit from updates to high-speed rail communication signal systems, the performance elasticity in 2025-2026 is relatively significant compared to comparable companies. An 18 times PE for A-shares in 2025 is given, initially covering China Railway Signal & Communication Corporation with a "Buy" rating. Based on A/H shares at 18/9 times PE, the target stock price is set at 7.56 yuan for A-shares and 4.12 Hong Kong dollars for H-shares.