According to the China Galaxy Securities Research Report, the rail transit industry will usher in a new round of boom under the triple logic of equipment renewal, passenger flow recovery, and overhaul cycle. According to the pace of bidding in previous years, the China Railway Group will also carry out 1-2 purchases of new EMUs and advanced repairs in the second half of the year. There are still poor expectations for railway equipment, and they will continue to recommend the targets CRRC and Times Electric.
银河证券：关注周期复苏+设备更新下轨交装备需求释放
Galaxy Securities: Focus on the release of demand for rail transit equipment due to cycle recovery+equipment updates
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