China Railway Signal & Communication Corporation (03969) announced its mid-term performance in 2024, with operating revenue of approximately 14.25 billion yuan, a year-on-year decrease of 1...
According to the China Railway Signal & Communication Corporation (03969), the mid-term performance in 2024 showed an operating revenue of approximately 14.25 billion yuan, a year-on-year decrease of 14.33%; the net income attributable to shareholders of the listed company was about 1.599 billion yuan, a year-on-year decrease of 12.32%; the basic earnings per share were 0.15 yuan.
In the first half of 2024, the company took the initiative to enhance competitiveness, explore the market, strengthen its leading position, and focus on its core business in response to the internal and external development environment. The company accumulated new signed contracts totaling 21.023 billion yuan, a year-on-year decrease of 33.62%. The total value of new contracts in the urban rail transit market remained stable compared to the same period last year, with the proportion increasing from 53.71% to 78.11%. Among them, the railway sector was 9.89 billion yuan, a year-on-year increase of 1.16%; the urban rail sector was 2.983 billion yuan, a year-on-year decrease of 49.02%; the overseas sector was 3.549 billion yuan, a year-on-year increase of 156.45%; and the general contracting and other sectors were 4.601 billion yuan, a year-on-year decrease of 68.62%. As of the end of the first half of 2024, the company's total order backlog was 122.387 billion yuan.
At the same time, the company is actively following the national strategic emerging industry development plan, accelerating the cultivation and development of new productive forces, and actively promoting the development of the low-altitude economy. It focuses on low-altitude airspace control, drone manufacturing, service operations, and the construction of a low-altitude economic ecosystem. With the further development of the low-altitude economy and the company's strategic emerging industry, it is expected to have a positive impact on the company's operating performance in the future.