China Railway Signal & Communication Corporation (03969) announced its interim results, with net profit attributable to the parent company of approximately 1.473 billion yuan, a year-on-year decrease of 9.07%.

China Railway Signal & Communication Corporation (03969) announced its interim results for the year 2026, reporting an operating revenue of approximately 14.08 billion yuan, a decrease of 3.98% year-on-year; the net profit attributable to shareholders of the listed company was approximately 1.473 billion yuan, a year-on-year decrease of 9.07%; and the basic earnings per share was 0.14 yuan. The announcement stated that the revenue decline was primarily due to a decrease in income from the equipment manufacturing, system delivery services, and engineering contracting business sectors. During the reporting period, in the railway low-voltage system integration market, the company undertook key high-speed rail construction projects such as the Miansui Inner and Zhangshan sections in Guangdong, maintaining a leading market share; in addition, the company also contracted the new railway from Yining to Aksu, the dedicated line for the low-carbon industrial park in the Wuhai Economic Development Zone, the railway renovation project related to the Shenzhen Pinghu Inland Port to Shenzhen Yan Tian Port Holdings, the capacity expansion and renovation of the Aksu to Bachu section, and the procurement of onboard equipment for the CTCS-3 level train control system compatible with the Fuxing high-speed trains operating at 350 km/h, along with several key projects such as the signal equipment integration for the Jinhua railway hub, ensuring stability in the railway market. In the urban rail transit signal system integration market, the company successfully bid for the renovation of Nanjing Line 2, Jinan Line 9, and Changsha Line 6, maintaining a solid first position in market share; additionally, the company also undertook specialized engineering projects related to urban rail markets in cities like Beijing, Shanghai, Nanjing, Changchun, and Shaoxing, achieving counter-cyclical growth in new contract amounts. In the overseas market, the company continued to deepen its operations in the overseas market network layout, focusing on improving the quality and efficiency of acquiring new projects, including the Bogot Metro Line 1, the European onboard ETCS-2 system, and Malaysia's 3CS project. At the same time, it focused on maintaining relationships with existing overseas clients and expanding cooperation on existing overseas projects to achieve secondary revenue generation. In engineering contracting and other markets, the company concentrated on its main responsibilities and accelerated its exit from municipal housing construction business. During the reporting period, the new contract amount for municipal housing construction was 560 million yuan, accounting for 3.16% of the total new contract amounts. The company promoted the transformation and upgrading of its subsidiaries towards fields such as rail transit, intelligent low-altitude operations, smart cities, and intelligent operations, optimizing the overall business structure. During the reporting period, the company actively opened up the domestic low-altitude economy market and continued to improve its core product system and business scenarios. The company fully deployed a low-altitude intelligent network connection system, the "One Network Unified Flight" platform, and infrastructure for communication, perception, countermeasures, etc., in its Qingdao project and initiated regular operations. The company built an unmanned emergency communication coverage solution, conducting multiple rounds of outdoor testing in Nanjing, Jiangyin, and other locations, supporting the access of three major operators' mobile phones, 370 MHz rescue communication coverage, concurrent communication for thousands of users, and high-definition video retransmission capabilities. Additionally, in the Zhuhai Phoenix Mountain area, the company developed applications for forest fire emergency prevention and control scenarios and actively established an unmanned prevention and control system for "observation and strike" in a cloud-edge-end" collaboration model, validating fire detection and deployment technologies with a detection range reaching 1.4 kilometers. The company deepened cooperation with Beijing Institute of Technology and the Zhuhai municipal government to establish the Bay Area Low-altitude Research Institute (Guangdong) Co., Ltd., overcoming original technologies such as electrostatic detection and hyperspectral, integrating radar, radio, acoustic, and optoelectronic perception methods to effectively address the perception challenges in concealed areas below the "tree line"; in combination with multi-level countermeasures such as directional suppression, omnidirectional suppression, navigation deception, net capture, and fiber-ballistic, a "6-sense 5-counter" product system was formed, capable of detecting and intercepting "black flying" targets. The company has conducted commercial activities for the "One Network Unified Flight" business in cities such as Shijiazhuang, Qingdao, Chengde, and Rongjiang, cumulatively operating 58,000 flights, flying 432,000 kilometers, equivalent to about 18,000 hours. At the 2026 World Artificial Intelligence Conference, the company's "Low-altitude Government Unified Flight Operation Service Scenario" was selected as a high-value strategic AI scenario for central enterprises, further enhancing industry influence. During the reporting period, the new contract amount in the low-altitude economy field reached 171 million yuan.