CRCHI(SH:688425) Cai Jing Wang·2026-01-27 08:20Core Viewpoint - The company reported a total new contract value of 134.02 billion RMB for the year 2025, reflecting a year-on-year decrease of 6.25% [1] Summary by Business Type - The new contract value for tunnel boring machines was 63.72 billion RMB, showing a significant decline of 29.59% year-on-year [1] - The new contract value for specialized equipment increased to 33.65 billion RMB, marking a growth of 41.02% year-on-year [1] - The new contract value for rail transit equipment reached 36.65 billion RMB, which is an increase of 28.19% year-on-year [1] Summary by Region - The domestic new contract value amounted to 107.78 billion RMB, down by 4.01% year-on-year [1] - The overseas new contract value was 26.25 billion RMB, experiencing a decline of 14.46% year-on-year [1] Additional Contracts - In the period from October to December 2025, the company secured additional major contracts totaling 11.74 billion RMB, which represents approximately 11.69% of the company's projected revenue for 2024 [1]