China Railway Signal secures $1.36bn in rail transit contracts

China Railway Signal & Communication Corporation Limited (the company) has secured four significant rail transit projects, totaling approximately 1.36 billion yuan. These wins represent about 4.19% of the company's audited operating income in 2024. The projects are expected to positively impact the company's performance during their implementation periods.

The awarded projects include the TYRD bidding section for the Nantong-Ningbo Highspeed Railway (863 million yuan), the FJSGZH-2 bidding section for the Fuyu-Nenjiang-Jiagedaqi Railway reconstruction (204 million yuan), and the HZGDSG-4 bidding section for the Hepu-Zhanjiang Railway (186 million yuan). Additionally, the company won a contract for overhauling communication and signaling equipment on the Baotou-Bayan Obo Railway and related stations (107 million yuan).

The company emphasizes that these bid-wins do not affect its business independence. Investors are cautioned that formal contracts are yet to be signed, and final terms and amounts are subject to the executed agreements.