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Express News | China Railway Signal & Communication Says It Wins Bids for Projects Worth About Combined 3.1 Bln Yuan
china railway signal & communication corporation (688009.SH) announced that it has won bids for ten important projects in the rail transit market, with a total amount of approximately 3.107 billion yuan.
Gelonghui, November 24th丨China Railway Signal & Communication Corporation (688009.SH) announced that it has won ten important projects in the rail transit market. The awarded projects include three projects in the railroads market, which are the weak current bidding project for the comprehensive four electricity and related engineering of the Weifang to Suqian High-speed Railroad Jinan Bureau maintenance area (winning bid amount 0.732 billion yuan), the signal equipment procurement project for the Rio Tinto Simandou Rail Project in Guinea (winning bid amount 0.364 billion yuan), and the overall contracting project for the construction of the station building, customer service information system, and related engineering of the newly constructed Shanghai to Nanjing to Hefei High-speed Railroad Nanjing North Station NJBZFXX-04SG segment.
China Railway Signal & Communication 9-Mos Net CNY2.36B Vs. Net CNY2.57B >3969.HK
Third Quarter Report 2024
Pressure on rail transit business, China Railway Signal & Communication Corporation's revenue and net profit both declined in the first three quarters, speeding up the layout of low-altitude economy.
①Yao Guiqing stated that although national policies are tightening, the construction of urban rail transit systems has temporarily slowed down in some regions due to factors such as local debt risks, but there are sufficient existing projects under construction and in planning nationwide to support industry development; ②Regarding the industrialization of low-altitude economy, Yao Guiqing mentioned that the company has already obtained the "Civil Unmanned Aerial Vehicle Operation Certificate", and it is expected that low-altitude economy-related operations will have a positive impact on the company's performance.
CHINA CRSC: 2024 THIRD QUARTERLY REPORT
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