What about Hefei CSR Rail Transit Vehicle Co., Ltd.? Trouble insider analysis

Hefei CSR Rail Transit Vehicle Repair Base Project is a provincial key project jointly invested and constructed by CSR Nanjing Puzhen Vehicle Co., Ltd., a subsidiary of China CSR, and Anhui Wantou Industrial Investment Co., Ltd. according to the strategic cooperation framework agreement signed between China CSR and Anhui Province. The total investment of the project is 3 billion yuan. After the completion of the first phase, the total assembly production capacity of 200 subways, 200 intercity rail vehicles and 100 trams will be formed. After the completion of the second phase, it will form an annual production capacity of 500 subways, intercity rail vehicles and trams, with an annual sales income of 5 billion yuan.

This is a new enterprise, which looks ok, backed by the big tree of CSR.