Summary by Futu AI
CRRC Corporation ("CRRC") signed multiple contracts with a total value of 43.62 billion yuan from March to June 2024. These contracts include a high-speed train sales contract with China National Railway Group Corporation, with a value of about 28.92 billion yuan; energy storage and wind power equipment sales contract, with a value of about 4.5 billion yuan; urban rail vehicle sales and maintenance contract, with a value of about 3.85 billion yuan; freight car repair contract, with a value of about 2.67 billion yuan; passenger car repair contract, with a value of about 1.9 billion yuan; locomotive sales contract, with a value of about 1.15 billion yuan; and freight car sales contract, with a value of about 630 million yuan. The total value of these contracts accounts for 18.6% of CRRC's revenue in 2023. The announcement was made by Chairman Sun Yongcai on June 17, 2024.