Summary by Futu AI
CRRC Corporation signed multiple contracts totaling RMB 45.99 billion in June-July 2024. These contracts include advanced maintenance contracts of high-speed trains with China National Railway Group Corporation and its subsidiaries, Daqin Railway Co., Ltd., totaling approximately RMB 13.68 billion, truck sales contracts with China National Railway Group Corporation, Guinea Sinfin Company, and others, totaling approximately RMB 8.2 billion, as well as vehicle sales and maintenance contracts with multiple domestic and international urban rail transit companies, totaling approximately RMB 7.53 billion. In addition, there are also locomotive sales contracts, locomotive repair contracts, centralized power supply unit sales contracts, and wind power equipment sales contracts. The total amount of these contracts accounts for 19.6% of CRRC's 2023 revenue. The announcement was issued by Chairman Sun Yongcai on July 31, 2024.