Mei Ri Jing Ji Xin Wen·2025-07-29 09:41Core Viewpoint - China CNR Corporation Limited (SH 601766, closing price: 7.49 RMB) announced on July 29 that it has signed several major contracts totaling approximately 32.92 billion RMB, indicating strong demand in the urban rail and energy sectors [2][3]. Group 1: Contract Details - The company’s subsidiaries signed urban rail vehicle sales and maintenance contracts worth approximately 14.34 billion RMB with clients including the São Paulo Metro in Brazil and various domestic companies [2]. - Contracts for locomotive repair worth about 6.9 billion RMB were signed with various subsidiaries of China National Railway Group [2]. - Wind power and energy storage equipment sales contracts totaling around 4.03 billion RMB were established with several energy companies [2]. - Sales contracts for power concentrated multiple units worth approximately 3.02 billion RMB were signed with China National Railway Group [2]. - Freight car sales contracts amounting to about 2.55 billion RMB were also signed with China National Railway Group [3]. - Passenger car repair contracts totaling approximately 2.08 billion RMB were established with subsidiaries of China National Railway Group [3]. Group 2: Financial Impact - The total value of these contracts represents approximately 13.4% of the company's projected revenue for 2024 under Chinese accounting standards [3]. - For the year 2024, the company's revenue composition is expected to be 100% from rail transit equipment and its extended products and services [3].