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China Railway Signal & Communication Bags 4.57 Billion Yuan Projects in November-December Period
China Railway Signal & Communication Corporation (03969): From November to December, a total of sixteen significant projects were bid in the rail transit market, with a total bid amount of approximately 4.567 billion yuan.
China Railway Signal & Communication Corporation (03969) announced that from November to December 2024, the company won bids totaling...
Express News | China Railway Signal & Communication Says It Wins 16 Projects Totalling 4.6 Bln Yuan
China Railway Signal & Communication Corporation (688009.SH): A total of sixteen important projects were won from November to December 2024.
On January 20, Gelonghui reported that China Railway Signal & Communication Corporation (688009.SH) announced that from November to December 2024, the company won bids for a total of sixteen important projects in the rail transit market, including nine in the Railroads market and seven in the urban rail transit market. The details of the projects won in this announcement are as follows: a total of sixteen important projects were won, among which nine are in the Railroads market, including the expansion and renovation project of the Baizhong Railroads in the section from Anguo Town to Zhongwei, with a bid amount of 0.371 billion yuan; the new Shenzhen to Jiangmen Railroads four electrical and related projects SJSG-19 mark, with a bid amount of 0.357 billion yuan; the new Shaoyang...
HAITONG SEC: The prosperity of rail transit equipment remains stable, and going overseas is expected to become a new growth pole.
The demand for the procurement tender of trainsets and advanced repairs in 2024 remains strong, combined with the implementation and advancement of equipment renewal policies and the retirement and updating policies for old diesel locomotives, as well as the acceleration of overseas expansion; rail transit equipment is expected to benefit.
Infrastructure stocks are collectively under pressure, with China Railway (00390) down 3.54%. Institutions indicate that current state-owned general contractors are facing significant pressure on both the payment and receipt ends.
Jinwu Finance | Infrastructure stocks are collectively under pressure, with China Railway (00390) down 3.54%, TIMES ELECTRIC (03898) down 3.35%, CHINA COMM CONS (01800) down 3.1%, Metallurgical Corporation of China (01618) down 3.05%, China Railway Signal & Communication Corporation (03969) down 2.88%, and CRRC Corporation (01766) down 2.79%. Guosen stated that downstream demand in the construction Industry has declined, resulting in fewer new Orders for construction enterprises and slowing growth in output value. Major state-owned enterprises are seizing market share with lower financing costs, while private enterprises are experiencing a continuous decline in revenue performance. Due to engineering payment progress...
Investors in China Railway Signal & Communication (HKG:3969) Have Unfortunately Lost 33% Over the Last Five Years
