Core Viewpoint - China Communication Signal Co., Ltd. (China Tonghao) has won a total of 21 significant projects from November to December 2025, with a total bid amount of approximately RMB 5.26 billion, which accounts for about 16.20% of the company's audited revenue for 2024 under Chinese accounting standards [1][2]. Summary by Category Railway Market Projects - The company secured 8 important projects in the railway market, with notable bids including: - Guangzhou East Station renovation project: RMB 408 million - Baihe Railway expansion project: RMB 360 million - Shanghai-Su-Zhou-Xiang-Chang intercity railway project: RMB 347 million - Chengdu-Dazhou-Wanzhou high-speed railway wireless center procurement: RMB 121 million [1]. Urban Rail Transit Projects - The company won 13 significant projects in the urban rail transit market, including: - Chengdu to Meishan railway signal system project: RMB 576 million - Shanghai Metro Line 19 signal system procurement: RMB 450 million - Beijing Metro Line 1 signal system equipment procurement: RMB 262 million - Riyadh KAFD monorail system project: RMB 146 million [1]. Financial Impact - The total bid amount of approximately RMB 5.26 billion is expected to have a positive impact on the company if formal contracts are signed and projects are implemented smoothly, although the impact on current performance remains uncertain due to the projects being phased over multiple years [2].

Core Viewpoint - China Communication Technology Co., Ltd. (China Tonghao) has won a total of 21 significant projects from November to December 2025, with a total bid amount of approximately RMB 5.26 billion, which accounts for about 16.20% of the company's audited revenue for 2024 under Chinese accounting standards [1][2]. Summary by Category Railway Market Projects - The company secured 8 important projects in the railway market, with notable bids including: - Guangzhou East Station renovation project: RMB 408 million - Baihe Railway Ulanhot to Arxan expansion project: RMB 360 million - Shanghai-Su-Zhou-Xiang-Chang intercity railway project: RMB 347 million - Chengdu-Dazhou-Wanzhou high-speed railway wireless block center procurement: RMB 121 million [1]. Urban Rail Transit Projects - The company won 13 significant projects in the urban rail transit market, including: - Chengdu to Meishan railway signal system project: RMB 576 million - Shanghai Metro Line 19 signal system procurement: RMB 450 million - Beijing Metro Line 1 signal system procurement: RMB 262 million - Riyadh KAFD monorail system project: RMB 146 million [1]. Financial Impact - The total bid amount of approximately RMB 5.26 billion is expected to have a positive impact on the company if formal contracts are signed and projects are implemented smoothly, although the impact on current performance remains uncertain due to the projects being phased over multiple years [2].

Core Viewpoint - China Communications Signal (03969.HK) has won a total of 21 significant projects from November to December 2025, indicating strong growth and opportunities in both railway and urban transit markets [1] Railway Market Summary - The company secured eight major projects in the railway sector, with notable contracts including: - Guangzhou East Station renovation project, amounting to RMB 408 million - Bai'a Railway expansion project, valued at RMB 360 million - Shanghai-Su-Zhou-Xi-Chang intercity railway project, worth RMB 347 million - Chengdu-Dazhou-Wanzhou high-speed railway wireless block center project, totaling RMB 121 million [1] Urban Transit Market Summary - In the urban transit sector, the company won thirteen key projects, including: - Chengdu-Meishan railway signal system integration project, amounting to RMB 576 million - Shanghai Metro Line 19 signal system procurement project, valued at RMB 450 million - Beijing Metro Line 1 signal system equipment procurement project, totaling RMB 262 million - Shanghai Metro Line 15 extension signal system procurement project, worth RMB 145 million [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 中 國 鐵 路 通 信 信 號 股 份 有 限 公 司 China Railway Signal & Communication Corporation Limited* （在中華人民共和國註冊成立的股份有限公司） （股份代號：3969） 軌道交通市場重要項目中標公告 中 國 鐵 路 通 信 信 號 股 份 有 限 公 司（「本公司」）根 據《香 港 聯 合 交 易 所 有 限 公 司 證 券 上 市 規 則》（「上市規則」）第13.09條、第13.10B條及香港法例第571 章《證 券 及 期 貨 條 例》第XIVA部 項 下 之 內 幕 消 息 條 文（按 上 市 規 則 定 義）作 出 本 公 告。 2025年11月 至12月，本 公 司 共 中 標 二 十 一 個 重 要 項 目，其 中 在 鐵 路 市 場 中 標 八 個 重 ...

Group 1 - Meinian Health plans to participate in the restructuring of Zhejiang Bangjie Holdings, aiming to become the controlling shareholder after the completion of the restructuring [3] - Baiyin Nonferrous Metals reported that the revenue from gold and silver products accounted for a low proportion of total operating income, with gold sales contributing 18.67% and silver sales 4.54% in the first half of 2025 [4] - Tiens Wind Power decided to implement a long-term production suspension for six wholly-owned subsidiaries to optimize resource allocation and focus on core businesses [5] Group 2 - Tongling Nonferrous Metals indicated significant uncertainty in the price fluctuations of its main products, with a low self-sufficiency rate for copper concentrate posing supply stability risks [6] - *ST Aowei received a notice of termination of listing due to its market capitalization falling below 500 million yuan for twenty consecutive trading days [7] - Foton Motor expects a net profit increase of approximately 1551% year-on-year for 2025, driven by sales growth in new energy vehicles and overseas markets [9] Group 3 - Beimo High-tech anticipates a net profit increase of 1076.16% to 1261.87% for 2025, supported by cost control and reduced credit impairment losses [10] - Zhongke Sanhuan forecasts a net profit growth of 566.23% to 899.35% for 2025, attributed to technological innovation and improved operational efficiency [12] - Wancheng Group expects a net profit increase of 222.38% to 266.94% for 2025, driven by growth in its retail business and improved sales margins [13] Group 4 - Huayi Technology anticipates a net profit increase of 191.52% to 330.34% for 2025, benefiting from product optimization and cost reduction measures [14] - Nanmo Biology expects a net profit growth of 269.49% to 423.44% for 2025, supported by increased revenue in the biopharmaceutical sector and improved cost control [15] - Baiao Saitu forecasts a net profit increase of 384.26% to 443.88% for 2025, driven by expansion in overseas markets and recovery in the domestic biopharmaceutical industry [16] Group 5 - Hailanxin expects a net profit increase of 387.47% to 631.2% for 2025, supported by advancements in technology and increased market share in marine observation [17] - Panjiang Co. anticipates a net profit growth of 205.3% to 264.83% for 2025, driven by increased coal production and reduced costs [18] - Huaguang New Materials expects a net profit increase of 104.67% to 141.88% for 2025, with significant growth in the electronic sector [20] Group 6 - Guo Sheng Securities forecasts a net profit increase of 25.44% to 67.25% for 2025, supported by active capital market participation and growth in various business segments [25] - Shengyi Technology expects a net profit growth of 87% to 98% for 2025, driven by increased sales of copper-clad laminates [26] - Sifutian anticipates a net loss of 30 million to 45 million yuan for 2025, although this represents a significant reduction in losses compared to the previous year [27] Group 7 - Maanshan Steel expects a net loss of 1.9 billion to 2.5 billion yuan for 2025, with a substantial reduction in losses compared to the previous year [28] - Shennong Seed Industry forecasts a net profit of 90 million to 120 million yuan for 2025, marking a turnaround from previous losses [30] - Jifeng Co. anticipates a net profit of 410 million to 495 million yuan for 2025, achieving a turnaround from losses [31]

Earnings Forecasts - Shengyi Electronics expects a net profit of 1.431 billion to 1.513 billion yuan in 2025, an increase of 331.03% to 355.88% year-on-year [1] - Tigermed anticipates a net profit of 830 million to 1.23 billion yuan in 2025, representing a growth of 105% to 204% year-on-year [2] - Shunbo Alloy forecasts a net profit of 210 million to 270 million yuan in 2025, with an increase of 222.96% to 315.23% year-on-year [3] - Jinkong Electric expects a net profit of 155 million to 195 million yuan in 2025, reflecting a growth of 383.21% to 507.9% year-on-year [9] - Baiao Saitu anticipates a net profit of 162 million to 182 million yuan in 2025, with a year-on-year increase of 384.26% to 443.88% [18] - Panjiang Co. expects a net profit of 318 million to 380 million yuan in 2025, representing a growth of 205.30% to 264.83% year-on-year [38] Loss Forecasts - Liaoning Energy predicts a net loss of 273 million to 410 million yuan in 2025, compared to a profit of 202 million yuan in the previous year [5] - Anbotong anticipates a net loss of 114 million to 165 million yuan in 2025, with a revenue decrease of 19.65% to 27.25% [7] - Wantai Bio forecasts a net loss of 330 million to 410 million yuan in 2025, compared to a profit of 106 million yuan in the previous year [12] - Xingyun Co. expects a net loss of 155 million to 230 million yuan in 2025, compared to a loss of 82.44 million yuan in the previous year [20] - Huaxing Co. anticipates a net loss of 800 million to 1.2 billion yuan in 2025, with a reduction in loss compared to 1.67 billion yuan in the previous year [46] New Product Approvals - Hengrui Medicine received acceptance for a new indication application for its innovative drug, combining Carrelizumab and Apatinib for treating unresectable liver cancer [4] - Tianen Kang's subsidiary received a drug registration acceptance notice for Lidocaine and Prilocaine aerosol [31] - Lisheng Pharmaceutical announced that its Aminophylline tablets passed the consistency evaluation for generic drugs [40] Share Buyback Plans - Hengyuan Coal Power plans to repurchase shares with a total amount not less than 200 million yuan and not exceeding 250 million yuan [13] Contract Wins - China Communication Signal Co. won contracts totaling approximately 5.26 billion yuan for 21 important projects in the railway and urban rail transit markets [37]

证券代码：688009 证券简称：中国通号 公告编号：2026-004 中国铁路通信信号股份有限公司 关于自愿披露轨道交通市场重要项目中标的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性依法承担法律责任。 重要内容提示： 中标共计二十一个重要项目，其中铁路市场八个，分别为广州东站改造 及广州东至新塘五六线WLXSG7标段项目，中标金额4.08亿元；白阿铁路乌兰 浩特至阿尔山扩能改造工程BASG-3标段项目，中标金额3.6亿元；沪苏锡常 城际铁路太仓先导段"四电"工程、房建和装饰装修工程SXC-CJTL-SG7-1标 段项目，中标金额3.47亿元；成达万弱电工程项目信号轨道设备联合招标采 购项目，中标金额2.64亿元；新建合浦至湛江铁路（广东段）"三电"及管 线迁改工程HZGDQG-2标项目，中标金额2.35亿元；2025年中国铁路上海局集 团有限公司300T型ATP车载设备高级修项目，中标金额1.44亿元；石太客专 联锁列控及通信系统大修工程STDX-1标段项目，中标金额1.4亿元；新建成 都至达州至万州高速铁路无线闭塞中心RBC（含 ...

Core Viewpoint - China Communications Signal (688009.SH) has won a total of 21 significant projects between November and December 2025, with 8 in the railway market and 13 in the urban rail transit market [1] Railway Market Summary - The railway projects include: - Guangzhou East Station renovation and Guangzhou East to Xintang Line WLXSG7 segment project, with a bid amount of 408 million yuan - Bai'a Railway Ulanhot to Arxan capacity expansion project BASG-3 segment, with a bid amount of 360 million yuan - Shanghai-Su-Zhou-Xiang-Chang intercity railway Taicang pilot section "four electrical" engineering, with a bid amount of 347 million yuan - Chengdu-Dazhou-Wanzhou high-speed railway wireless block center RBC procurement project, with a bid amount of 121 million yuan - Other projects include various signal and communication system upgrades, totaling significant amounts [1] Urban Rail Transit Market Summary - The urban rail transit projects include: - Chengdu to Meishan line signal system integration procurement and construction project, with a bid amount of 576 million yuan - Shanghai Metro Line 19 signal system procurement project, with a bid amount of 450 million yuan - Beijing Metro Line 1 branch signal system equipment procurement project, with a bid amount of 262 million yuan - Other projects include various signal system upgrades and maintenance contracts, totaling significant amounts [1]

Core Viewpoint - China Communications Signal Company has won a total of 21 significant projects between November and December 2025, with a total bid amount of approximately 5.26 billion yuan [1] Railway Market Projects - The company secured eight projects in the railway market, including: - Guangzhou East Station renovation project with a bid amount of 408 million yuan - Baihe Railway expansion project with a bid amount of 360 million yuan - Shanghai-Su-Zi-Chang intercity railway project with a bid amount of 347 million yuan - Chengdu-Dazhou-Wanzhou high-speed railway project with a bid amount of 264 million yuan - New railway project from Hepu to Zhanjiang with a bid amount of 235 million yuan - Shanghai Railway Bureau's 300T ATP equipment repair project with a bid amount of 144 million yuan - Shitai passenger dedicated line system overhaul project with a bid amount of 140 million yuan - New Chengdu-Dazhou-Wanzhou high-speed railway wireless block center project with a bid amount of 121 million yuan [1] Urban Rail Transit Projects - The company won thirteen projects in the urban rail transit market, including: - Chengdu-Meishan suburban railway signal system project with a bid amount of 576 million yuan - Shanghai Metro Line 19 signal system project with a bid amount of 450 million yuan - Line 1 branch project electromechanical installation project with a bid amount of 268 million yuan - Shanghai Metro Line 23 signal system project with a bid amount of 264 million yuan - Beijing Metro Line 1 branch signal system project with a bid amount of 262 million yuan - Jiaxing to Fengnan and Jiaxing to Xitang suburban railway signal system project with a bid amount of 261 million yuan - Nanhui branch railway project communication and signal system project with a bid amount of 218 million yuan - Changchun Metro Line 4 platform door and signal system upgrade project with a bid amount of 188 million yuan - Shanghai Metro lines 6, 7, 9, 11, 15, 16, 18 maintenance project with a bid amount of 186 million yuan - Beijing Yizhuang Line Taihu vehicle depot project with a bid amount of 147 million yuan - Riyadh KAFD monorail system project with a bid amount of 146 million yuan - Shanghai Metro Line 15 southern extension signal system project with a bid amount of 145 million yuan - Beijing Metro 10 lines signal system upgrade project with a bid amount of 130 million yuan [1]

Group 1 - The core point of the article is that China Communications Signal (688009.SH) announced winning a total of 21 significant projects between November and December 2025, with a total bid amount of approximately RMB 5.26 billion, which accounts for about 16.20% of the company's audited revenue for 2024 under Chinese accounting standards [1] Group 2 - The projects include eight in the railway market and thirteen in the urban rail transit market [1] - The total bid amount of RMB 5.26 billion indicates a substantial contribution to the company's future revenue [1] - The announcement reflects the company's ongoing engagement and competitiveness in the infrastructure sector [1]