China Railway Signal & Communication Corporation (03969) is currently up more than 3%, and as of press time, it is up 3.09% to HKD 3.34, with a turnover of HKD 27.3677 million.
According to the intelligence from the Cailian Press app, China Railway Signal & Communication Corporation (03969) is currently up more than 3%, and as of press time, it is up 3.09% to HKD 3.34, with a turnover of HKD 27.3677 million.
On the news front, on July 26th, China Railway Signal & Communication Corporation signed a strategic cooperation agreement on low-altitude economic development with the Chengdu Municipal Government at the Tianfu International Conference Center. According to the agreement, China Railway Signal & Communication Corporation and Chengdu will carry out in-depth cooperation throughout the entire industry chain in low-altitude airspace management, aircraft manufacturing, low-altitude economic infrastructure construction, and scenario applications. It is worth noting that in June of this year, the company's city transportation subsidiary was awarded the "Civil Unmanned Aerial Vehicle Operation Certificate."
Galaxy Securities previously pointed out that China Railway Signal & Communication Corporation, as a national team in the field of intelligent operation and control, has a technical extension foundation in low-altitude airspace management. At present, the company has established a technology company named Tonghao Low Altitude Economy (Hefei) Co., Ltd., which has opened all-round cooperation with Hefei City on key elements such as technology, capital, platform, and standards. It also signed a strategic cooperation agreement with Suzhou Rail Transit Group on "Rail + Low Altitude". Low-altitude economy is expected to become one of the new directions for the company's future business expansion, and it is expected to become a new growth pole.