China Railway Signal & Communication Bags 3.11 Billion Yuan Projects in September-October Period

MT Newswires Live11-25

China Railway Signal & Communication (HKG:3969, SHA:688009) won projects worth 3.11 billion yuan between September and October, according to a Hong Kong Stock Exchange filing on Monday.

The projects include the 732 million yuan electrification of the newly-built Weifang-Suqian High-speed Railway, the 364 million yuan railway signaling equipment procurement bid for Rio Tinto's (ASX:RIO) Simandou Railway Project Department in Guinea, 154 million yuan construction of a section of the Nanjing North Station and other projects.

The total amount accounts for about 8.4% of the Chinese train control systems manufacturer's audited operating income in 2023, the filing said.

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