TCT(SH:688015) Shang Hai Zheng Quan Bao·2026-02-09 17:58Core Viewpoint - The company has signed a contract with Metro Trains West Pty Ltd for the Sydney Metro West Line TSMO signal system subcontracting project, with a total contract value of approximately AUD 93.53 million, equivalent to about RMB 456 million [2][3][11]. Group 1: Contract Details - Contract amount is AUD 93,530,364.97, including delivery but excluding installation [2][4][7]. - The project involves the Sydney Metro West Line, which is a new subway line approximately 24 kilometers long, connecting Westmead and Sydney's Central Business District, enhancing rail capacity and alleviating congestion [4][11]. - The contract will officially take effect upon the fulfillment or waiver of all preconditions, including signing by authorized representatives and obtaining necessary guarantees and insurances [2][9]. Group 2: Project Timeline and Execution - The contract's performance period extends from the effective date until project delivery, with the Sydney Metro West Line expected to be completed by 2032, followed by a two-year warranty period [2][9]. - Payment will be made according to the agreed project milestones [8]. Group 3: Counterparty Information - The counterparty, Metro Trains West Pty Ltd, is a foreign joint venture with key shareholders including MTR Corporation (Australia) Pty Limited and China CNR (Hong Kong) Limited [5][6]. Group 4: Impact on the Company - The signing of the contract marks a significant step in the company's expansion into the international rail transit market and reflects ongoing progress in its internationalization strategy [11]. - Successful execution of the contract is expected to have a positive impact on the company's performance during the project implementation period [11].