CRRC secures 54.34 bn yuan in new contracts, boosts 2025 revenue outlook

CRRC Corporation Limited and its subsidiaries have secured new contracts totaling approximately 54.34 billion yuan, with the majority scheduled for execution between July and September 2025. This substantial order intake is equivalent to about 22% of the company's projected 2024 revenue under PRC accounting standards.

The contracts span various business segments. The MUs business accounted for the largest portion, with 37.82 billion yuan in sales contracts with China State Railway Group Co. The locomotive business secured 9.45 billion yuan for sales and maintenance, including agreements with China State Railway Group Co., Daqin Railway Co., and Nexrail AssetCo S.à.r.l. Urban rail transit vehicle sales and maintenance contracts, including with Changchun Metro Co. and Shenyang Metro Group Co., amounted to 3.48 billion yuan.

Further contributions came from the freight wagon business, which clinched 2.48 billion yuan in sales contracts with China State Railway Group Co., and an additional 1.11 billion yuan for freight wagon overhauls with various railway bureau companies under China State Railway Group Co.