China Railway Signal & Communication Corporation (03969)From July to August, we have successfully bid for six important projects in the rail transit market, with a total bid amount of about 29 billion yuan.

China Railway Signal & Communication Corporation (03969) announced that from July to August 2024, the company won a total of six important projects in the rail transportation market. Among them, five important projects were awarded in the railway market, including the supply, integration, and installation total contract project for the signal system of the North Axis Line project of the So Paulo Intercity Railway in Brazil, with a winning bid of approximately RMB 1.894 billion; the post-construction project of the Panxian to Xingyi Railway Station PXZH-RD section, with a winning bid of RMB 2.38 billion; the advanced repair project for the 300T type ATP onboard equipment of the China Railway Shanghai Bureau Group Co., Ltd., with a winning bid of RMB 1.58 billion; the signal equipment project of the Xi'an to Shiyan High-speed Railway (Shaanxi section) and Xi'an East Station XDZH section, with a winning bid of RMB 1.58 billion; and the electrification renovation project for the Yiyang to Loudi section of the Yizhan Line, with a total contract bid of RMB 1.1 billion. Additionally, the company won one important project in the urban rail transportation market, the signal system project for the Phase I of the Jinan Urban Rail Transit Line 6, with a winning bid of RMB 3.42 billion. The total winning bid amount for the above projects is approximately RMB 2.9 billion, accounting for about 7.84% of the company's audited operating income in 2023 under the Chinese Accounting Standards.