Mei Ri Jing Ji Xin Wen·2025-09-29 10:00Core Viewpoint - China CRRC (SH 601766) announced on September 29 that it has signed several major contracts totaling approximately 54.34 billion RMB, which represents about 22% of the company's projected revenue for 2024 under Chinese accounting standards [1][2]. Group 1: Contract Details - The company's subsidiary for high-speed trains signed sales contracts with China National Railway Group totaling approximately 37.82 billion RMB [1]. - The locomotive subsidiary signed sales and maintenance contracts with China National Railway Group, Daqin Railway Co., and Luxembourg Nexrail AssetCo totaling approximately 9.45 billion RMB [1]. - Contracts for urban rail vehicles and maintenance were signed with Changchun Metro, Shenyang Metro, and Buenos Aires Metro, amounting to approximately 3.48 billion RMB [1]. - The freight car subsidiary signed sales contracts with China National Railway Group totaling approximately 2.48 billion RMB [1]. - Additionally, the freight car subsidiary signed repair contracts with various railway bureaus under China National Railway Group totaling approximately 1.11 billion RMB [1]. Group 2: Financial Impact - The total amount of contracts signed is expected to account for about 22% of the company's revenue for 2024 [2]. - For the first half of 2025, the company's revenue composition is expected to be 100% from rail transit equipment and its extended products and services [2]. Group 3: Market Capitalization - As of the report date, China CRRC's market capitalization stands at 210.6 billion RMB [3].