CRSC wins bids for rail transit projects worth RMB3.79bn

China Railway Signal & Communication Corporation Limited (HKEX:3969) announced today that it has won bids for eleven key projects in the rail transit market. The aggregate tender amount is approximately RMB3.789 billion, representing roughly 11.67% of the company's audited operating income in 2024. These projects, awarded in March and April 2025, include eight railway market projects and three urban rail transit projects. Key railway projects involve railway special lines and high-speed railway sections across multiple provinces. The urban rail transit projects encompass communication, signaling, and monitoring system upgrades, including a Dubai Metro Blue Line project with a tender amount equivalent to approximately RMB1.329 billion. The company stated that the bid wins are expected to positively impact its performance during the implementation period, assuming the formal contracts are signed and the projects are completed successfully.