CRRC Corporation Limited announced that, between December 2025 and April 2026, the parent company and its subsidiaries signed contracts worth a combined RMB36.34 billion. The newly secured business equals roughly 13.30% of the group’s 2025 revenue under PRC accounting standards.
Urban rail transit accounted for the largest share. Deals with Sichuan Chengmei Rail Transit, Shenyang Metro Group and Vietnam-based Phuong Nam Supply total RMB9.00 billion, covering the sale and maintenance of metro vehicles.
The group continued to diversify into renewable-energy equipment, locking in RMB7.87 billion for wind-turbine and energy-storage systems with buyers such as Goldwind Science & Technology, Gansu Minqin Shagehuang Green Energy and Xinjiang Yue Hydropower Energy Storage Technology.
Locomotive overhaul contracts reached RMB5.47 billion, signed with various railway bureaus of China State Railway Group and Turkmenistan’s Demiryollary. Freight wagon sales contributed another RMB5.22 billion through agreements with China State Railway Group and Australia’s The Pilbara Infrastructure.
Power-concentrated multiple units (MUs) sales to China State Railway Group added RMB3.38 billion. Further wagon overhaul work for the same buyer amounted to RMB2.23 billion, while advanced overhauls of MUs came in at RMB2.18 billion.
International locomotive sales provide incremental exposure outside China, with Shandong Port Rizhao Port Group, Australia’s Martinus Haulage Assets Holdings and Germany-based BBL Logistik signing orders totaling RMB0.99 billion.
The aggregate order flow reinforces CRRC’s core rail-equipment franchise while expanding its footprint in clean-energy and overseas markets. Contract execution will be recognised according to their respective terms and project timelines.
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