CRRC lands $53.31 bn in new contracts, boosting 2025 revenue outlook

CRRC Corporation Limited recently signed contracts valued at approximately RMB53.31 billion, mainly spanning from September to December 2025. This substantial order book represents about 21.6% of the company's projected 2024 revenue under PRC accounting standards.

Key agreements include RMB16.65 billion for wind power and energy storage equipment from various companies, and RMB12.04 billion for advanced overhauls of multiple units with China State Railway Group. Additionally, urban rail transit vehicle sales and maintenance contracts, including a deal with a Brazil-based company, total RMB11.16 billion.

The company's locomotive business secured RMB9.95 billion for sales and maintenance, including a contract with a Kazakhstan-based entity. Further contracts include RMB2.21 billion for power-centralized multiple units and RMB1.3 billion for passenger carriage overhauls, both with China State Railway Group companies.