China Railway Signal & Communication (HKG:3969, SHA:688009) won 16 important projects worth 4.57 billion yuan from November to December 2024 in the rail transit market, according to a Monday Hong Kong bourse filing.
The awarded projects include nine important projects in the railway market worth 2.16 billion yuan, and seven important projects in the urban rail transit market worth 2.36 billion yuan.
The total amount accounts for about 12.34% of the Chinese train control systems manufacturer's audited operating income in 2023, the filing said.
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