CRRC secures 54.34 bn yuan in new contracts, boosts order book

CRRC Corporation Limited and its subsidiaries recently signed several major contracts between July and September 2025, totaling approximately 54.34 billion yuan. These agreements represent a substantial portion of the company's anticipated revenue.

Key contracts include approximately 37.82 billion yuan for EMU (Electric Multiple Unit) sales to China National Railway Group Co., Ltd., and 9.45 billion yuan for locomotive sales and maintenance with entities like China National Railway Group Co., Ltd., Daqin Railway Co., Ltd., and Nexrail AssetCo S.à.r.l. Additionally, urban rail vehicle sales and maintenance contracts with Changchun Metro Co., Ltd., Shenyang Metro Group Co., Ltd., and Subterraneos de Buenos Aires Sociedad del Estado amount to approximately 3.48 billion yuan.

Furthermore, CRRC’s freight car businesses secured contracts totaling approximately 2.48 billion yuan for freight car sales and 1.11 billion yuan for freight car repair, both with China National Railway Group Co., Ltd. and its various regional companies. The aggregate value of these contracts represents 22% of CRRC Corporation Limited's 2024 operating revenue.