China Railway Signal & Communication Corporation (03969) won a total of 21 important projects in November and December 2025, with a total investment of approximately 52.6 billion yuan.

China Railway Signal & Communication Corporation (03969) announced that from November to December 2025, the company has won bids for a total of 21 important projects. Among them, 8 important projects were awarded in the railway market, including the Guangzhou East Station renovation and the Guangzhou East to Xintang WuLiuXian WLXSG7 section project, with a bid amount of 4.08 billion RMB; the Bai'a Railway Ulanhot to A'ershan Capacity Expansion Project BASG-3 section project, with a bid amount of 3.6 billion RMB; the Shanghai-Suzhou-Xi'an-Changzhou Intercity Railway Project, Taicang Pilot Section "Four Electric" Project, Construction and Decoration Project SXC-CJTL-SG7-1 section, with a bid amount of 3.47 billion RMB; the Chengdu-Wanzhou Weak Current Engineering Project Signal Track Equipment Joint Bidding and Procurement Project, with a bid amount of 2.64 billion RMB; the new Heping to Zhanjiang Railway (Guangdong section) "Three Electric" and pipeline relocation project HZGDQG-2 section, with a bid amount of 2.35 billion RMB; the 300T type ATP on-board equipment advanced repair project of China Railway Shanghai Bureau Group Co., Ltd. in 2025, with a bid amount of 1.44 billion RMB; the repair project of the Shitai Passenger Dedicated Line interlocking control and communication system STDX-1 section, with a bid amount of 1.4 billion RMB; the new Chengdu to Dazhou to Wanzhou High-speed Railway Wireless Block Center RBC (including the control center, computer interlocking, temporary speed limit server, and wireless block center RBC) procurement project, with a bid amount of 1.21 billion RMB. In the urban rail transit market, 13 important projects were awarded, including the Chengdu-Meishan Line Signal System Integration Procurement and Construction General Contracting Project for Local (Suburban) Railways, with a bid amount of 5.76 billion RMB; Shanghai Rail Transit Line 19 Project Signal System Procurement, with a bid amount of 4.5 billion RMB; Rail Transit Line 1 Branch Line Electromechanical Installation Project I section, with a bid amount of 2.68 billion RMB; Shanghai Rail Transit Line 23 Phase I Project Signal System Procurement, with a bid amount of 2.64 billion RMB; Beijing Rail Transit Line 1 Branch Line Project Signal System (including safety assessment, integrated UPS power supply, platform door system) equipment procurement project, with a bid amount of 2.62 billion RMB; Jiaxing to Fengnan, Jiashan to Xitang Urban Rail Transit Project Signal System Integration Equipment Procurement Project, with a bid amount of 2.61 billion RMB; Nanhui Branch Line (Two Harbor Urban Railways) Project Communication System, Information System, Signal System, Comprehensive Monitoring System, Access Control System, Ticket System, Platform Door System, and Protection Door Construction Project, with a bid amount of 2.18 billion RMB; Changchun Rail Transit Line 4 Platform Door Installation and Signal System Upgrade Project - Signal and Platform Door System Equipment Procurement Project, with a bid amount of 1.88 billion RMB; Shanghai Rail Transit Line 6, 7, 9, 11, 15, 16, 18 Phase Outsourcing Maintenance Project of Communication Equipment from 2026 to 2028, with a bid amount of 1.86 billion RMB; Beijing Rail Transit Yizhuang Line Taihu Depot Station Expansion Project Construction General Contracting Project, with a bid amount of 1.47 billion RMB; Riyadh KAFD Monorail System Turnkey Project Electromechanical Installation Project, with a bid amount of 1.46 billion RMB; Shanghai Rail Transit Line 15 South Extension Project Signal System Procurement Project, with a bid amount of 1.45 billion RMB; Beijing Subway 10 Line Signal Central Station Dual Bus Dual UPS and Non-Central Station UPS Renewal Project, with a bid amount of 1.3 billion RMB. The total bid amount for the above projects is approximately 52.6 billion RMB, accounting for approximately 16.20% of the company's audited operating income under Chinese accounting standards in 2024. Due to the phased implementation of the above projects spanning multiple years, there is uncertainty in their impact on the current performance; if the above projects sign formal contracts and are successfully implemented, they are expected to have a positive impact on the company during the project execution period.