Beijing Tieke Shougang Railway-Tech (688569.SH) released its semi-annual report on August 23. During the reporting period, the company achieved revenue of 0.696 billion yuan, a decrease of 30.37% compared to the same period last year. The net income attributable to shareholders of the parent company was 0.115 billion yuan, a decrease of 48.36% compared to the same period last year.
In the first half of 2024, the company continued to increase its market expansion efforts and focused on promoting its products. During the reporting period, the company signed new contracts worth 362.7301 million yuan. The main products include rail fasteners, prestressed steel wires, etc., and the main lines for product supply are Jibin High-speed Rail, Chengdu-Chongqing Intercity Railway, Hangzhou-Wenzhou High-speed Rail, Shanghai-Suzhou-Huzhou High-speed Rail, etc. As of June 30, 2024, the company had an outstanding order amount of 1564.0467 million yuan.