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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.