Jinying Heavy Industry: In the direction of railway equipment renewal and intelligent upgrading promoted by the state and China Railway Group, the company already has mature products such as intelligent track maintenance machinery and new energy rail vehicles, and related orders are continuously being secured.

An update from Securities Star, compiled from publicly available information, reported that Golden Eagle Heavy Industry (301048)04 responded to an investor’s questions of concern on the investor relations platform on April 08, 2024.

Investor: Dear Secretary of the Board, hello! The national transportation equipment update plan of 13 departments and the special railway equipment update plan of China Railway Group have been implemented. The milestone for the exit of old diesel locomotives in 2027 is approaching, and the application for supporting funds for ultra-long-term special government bonds has been initiated. May I ask: 1. For the policy-related projects the company has already won tenders for, which sectors (tracks) do they cover, and what are their respective scales? 2. During the policy window period, what are the company’s on-the-ground deployments in terms of technology and production capacity for new-energy locomotives and intelligent track maintenance equipment? 3. What related order backlog the company can disclose at present, and which benchmark projects are key targets for follow-up? Thank you for your reply!

Golden Eagle Heavy Industry Secretary of the Board: Dear investor, hello! Thank you for your attention to the national railway equipment update policy. The “exit of old diesel locomotives” you mentioned mainly targets the railway locomotive sector. The company’s main businesses include large-scale track maintenance machinery, rail vehicles, catenary operation work vehicles, and other rail engineering equipment. In the direction of railway equipment updates and intelligent upgrades promoted by the state and China Railway Group, the company already has mature products such as intelligent track maintenance machinery and new-energy rail vehicles, and related orders are also being continuously implemented. For specific operating details, please refer to the company’s periodic reports and official announcements. Thank you for your support!

The above content is compiled from publicly available information by Securities Star and generated by an AI algorithm (Network Information Calculation Filing No. 310104345710301240019), and does not constitute investment advice.