From September to October, China Railway Signal & Communication Corporation (03969) won ten important projects with a total investment of approximately 25.39 billion yuan.

China Railway Signal & Communication Corporation (03969) announced that from September to October 2025, the company has won a total of ten important projects. Among them, five important projects were awarded in the railway market, including the "Four Electrics" and related works CZRDJC-1 section project from Ya'an to Kangding on the new Sichuan-Tibet Railway, with a bid amount of RMB 3.88 billion; the procurement project for the CTCS-3 level train control system onboard equipment for the Harmony CRH high-speed EMU with a speed of 350 km/h, with a bid amount of RMB 3.63 billion; the KF section project of the Beijing Suburban Railway Northeast Ring Line project, with a bid amount of RMB 2.54 billion; the communication engineering project of the safety standard demonstration line construction of the Wuhan-Guangzhou High-Speed Railway WGBFSG-3 section, with a bid amount of RMB 1.24 billion; and the SYS06 section project of the second phase of the Chengdu Urban Rail Transit Operation Transformation, with a bid amount of RMB 1.06 billion. In the urban rail transit market, the company won five important projects, including the signal system and integrated project for the update and renovation of Line 1 of the Shanghai Urban Rail Transit, with a bid amount of RMB 5.51 billion; the STE Light Rail project in Mexico City, with a bid amount equivalent to approximately RMB 3.09 billion; the signal system installation project for the update and renovation of Line 1 of the Shanghai Urban Rail Transit, with a bid amount of RMB 1.89 billion; the signal system procurement project for the western extension of Line 12 of the Shanghai Urban Rail Transit, with a bid amount of RMB 1.53 billion; and the upgrade and safety improvement project for Lines 3 and 4 of the Changchun Urban Rail Transit to address extreme weather conditions and enhance facility and equipment safety (the first batch in 2025), with a bid amount of RMB 1.02 billion. The total bid amount for the above projects is approximately RMB 25.39 billion, accounting for approximately 7.82% of the company's audited operating income in accordance with Chinese accounting standards for 2024. As these projects are implemented in stages spanning multiple years, there is uncertainty regarding their impact on the company's performance in 2025. However, if the above projects are signed into formal contracts and successfully implemented, it is expected that they will have a positive impact on the company during the execution period of the projects.