CRSC wins RMB0.90 billion in new railway and urban transit signal contracts

Bulletin Express05-26

Hong Kong–listed China Railway Signal & Communication Corporation Limited (CRSC) disclosed that it has secured five significant rail-transit projects between March and April 2026 with a combined tender value of approximately RMB0.90 billion, equivalent to about 2.60% of its audited 2025 revenue.

The lone railway-sector award involves the Jinhua Railway Hub Expansion Post-station Section 1 Signal Equipment Integration Project from China Railway Construction Electrification Bureau Group. Valued at RMB132 million, the mandate covers integrated supply and commissioning of track circuits, centralized monitoring and other signal equipment. The execution phase is scheduled for roughly 24 months, followed by a 24-month warranty period.

In the urban rail‐transit arena, CRSC captured four contracts:

• Changchun Rail Transit NOCC Equipment Integration Project: RMB281 million. Scope includes network-wide operation command, emergency command, data-center construction and interface integration. Execution cycle roughly 24 months with a 36-month warranty.

• Shanghai Rail Transit Lines 9, 10, 11, 16 & 17 Train-Ground Wireless Communication Renovation (Lines 10, 11 & 17 construction segment): RMB198 million. CRSC will renovate and construct LTE-B train-ground wireless networks across a combined 171 km of track. Execution cycle approximately 56 months; 24-month warranty.

• Nanjing Metro Line 1 Communication System Renewal: RMB150 million. Covers 45.44 km and 32 stations, focusing on communication system upgrades. Execution cycle about 33 months; 24-month warranty.

• Shanghai Rail Transit Lines 9, 10, 11, 16 & 17 Wireless Communication Renovation (Signal Equipment Integration for Lines 10, 16 & 17): RMB139 million. Tasks include LTE-B network renovation and signal system integration verification across 146.8 km. Execution cycle roughly 19 months; 24-month warranty.

All contracts adopt milestone-based payment schedules (advance, progress, completion acceptance and quality-assurance payments) and become effective upon signing and fulfilment of stipulated conditions.

Management notes that the phased implementation of these projects could deliver incremental revenue during their respective execution periods, though formal contracts are still pending and terms may change. The company confirmed no related-party relationships with the project owners, ensuring business independence.

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