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MarketScreener Homepage  >  Equities  >  Hong Kong Stock Exchange  >  China Railway Signal & Communication Corporation Limited    3969   CNE1000021L3

CHINA RAILWAY SIGNAL & COMMUNICATION CORPORATION LIMITED

(3969)
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China Railway Signal mmunication : ANNOUNCEMENT ON BID-WINNING OF IMPORTANT PROJECTS IN THE RAIL TRANSIT MARKET

09/17/2020 | 10:35am EST

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

China Railway Signal & Communication Corporation Limited*

中 國 鐵 路 通 信 信 號 股 份 有 限 公 司

(A joint stock limited liability company incorporated in the People's Republic of China)

(Stock Code: 3969)

ANNOUNCEMENT ON BID-WINNING OF

IMPORTANT PROJECTS IN THE RAIL TRANSIT MARKET

This announcement is made by China Railway Signal & Communication Corporation Limited* (the "Company") pursuant to Rules 13.09 and 13.10B of the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules") and the Inside Information Provisions (as defined in the Listing Rules) under Part XIVA of the Securities and Futures Ordinance (Chapter 571 of the Laws of Hong Kong).

From July to August 2020, the Company has won the bidding for a total of ten important projects in the rail transit market, among which, three are acquired from the railway market, namely four power integration and the related works for the CJLLXZH-2 tender section of the newly built Langfang East-New Airport intercity link (the "Phase-IProject for the Newly-builtIntercity Link") with a tender amount of RMB113 million, four power integration and the related works for the XJSD tender section of the newly built Xuancheng-JixiHigh-speed Railway ("Xuan Ji High-speedRailway") with a tender amount of RMB200 million, EPC project for communications and signaling of Bangladeshi Padma Bridge rail link project with a tender amount of RMB260 million; the other seven are acquired from the urban rail transit market, namely signal system installation project in respect of Jinhua-Yiwu- Dongyang Urban Rail Transit Project with a tender amount of RMB249 million, signal system procurement project in respect of phase I of Nantong Urban Rail Transit Line No. 2 with a tender amount of RMB196 million, signal system procurement project in respect of phase I project of Shenzhen Urban Rail Transit Line No. 20 with a tender amount of RMB175 million, signal system engineering project in respect of Changchun Rail Transit Line No. 3 with a tender amount of RMB267 million, General contracting project for system equipment engineering of Xi'an Metro Line 14 (from North Railway Station to Heshao Village) with a tender amount of RMB121 million, procurement of special communication system equipment, and communication system integration (No. 3302) (Second Bid) of Foshan Urban Rail Transit Line 3 with a tender amount of RMB153 million as well as Maintenance services outsourcing project for engineering signal and communication system equipment of Phase I of Line 17 and Phases I and II of Line18 of Chengdu Metro with a tender amount of RMB164 million.

Details of the projects awarded are hereby announced as below:

1

  1. RELEVANT INFORMATION OF THE PROJECTS WON IN THE RAILWAY MARKET

Project One

Project Two

Project Three

I. General information

1.

Name of the project

Phase-I Project for the

Newly-built Intercity Link

2.

Bid originator

Jing'an Intercity Railway

Co., Ltd.

3.

Tender amount

1.13

(RMB100 million)

4. Overview of the project The Phase-I Project for the Newly-built Intercity Link is 39.339km long, the designed running speed of the line is 200km/h. It will be equipped with a CTCS-

2 level high-speed train operation control system.

The Company will be responsible for equipment procurement, system debugging and other system integration work for all communications, signaling and other projects of the Phase-I Project for the Newly- built Intercity Link, and will cooperate with joint debugging, trial operation and other tasks.

Xuan Ji High-speed Railway

China Railway Design Corporation

2.0

The main line of Xuan Ji High-speed Railway is 115km long, the designed running speed of the line is 350km/ h. The main line will be equipped with a CTCS-

3 level high-speed train operation control system. The Company will be responsible for equipment procurement, system debugging and other system integration work for all communications, signaling and other projects of Xuan Ji High- speed Railway, and will cooperate with joint debugging, trial operation and other tasks.

EPC Project for Communications and Signaling of Bangladeshi Padma Bridge Rail Link Project China Railway Group Ltd.

2.6

The line of the Bangladeshi Padma Bridge rail link project is 168.5km with 20 stations, including 14 newly-built stations and 6 re-constructed stations based on existing ones. The passenger and freight lines have a designed running speed of 120km/h and 80km/ h for passenger and freight transportation. The phase-I and phase-II projects are 81.7km and 86.9km long, respectively.

The Company will be responsible for design, procurement, construction and installment and debugging of the communication signaling system of the Bangladeshi Padma Bridge rail link project and will cooperate with joint debugging, trial operation and other tasks.

2

Project One

Project Two

Project Three

II. Information of the

counterparty

1. Name of the

Jing'an Intercity Railway

China Railway Design

China Railway Group Ltd.

enterprise

Co., Ltd.

Corporation

2. Nature of the enterprise

State-owned enterprise

State-owned enterprise

State-owned enterprise

3. Legal representative

Liu Bo

Liu Weiqun

Zhang Zongyan

4. Registered capital

RMB2,500 million

RMB660 million

RMB24,570,929,283

5. Date of incorporation

13-04-2016

21-07-1992

12-09-2007

6. Main office location

101 & 102, 1/F, Building

109 East 7th Road,

China Railway Building,

63, Yard 5, Yujing East

Tianjin Pilot Free Trade

Building 9, 69 Fuxing Road,

Road, Tongzhou District,

Zone (Tianjin Airport

Haidian District, Beijing

Beijing

Economic Area)

7. Major shareholders

Beijing Tianjin Hebei

China State Railway

China Railway Engineering

Intercity Railway

Group Co., Ltd.

Group Limited

Investment Co. Ltd.

China Railway Group Ltd.

HKSCC Nominees Limited

China Securities Finance

Corporation Limited

China Reform Holdings

Corporation Ltd.

8. Principal business

Construction of railway

Undertaking of survey,

Contracting of civil engineering

projects; lease of office

consultation, design

and construction, wiring,

and commercial space

and supervision for

pipe fitting and equipment

(space which is not

overseas and domestic

installation; sub-contracting of

used for tangible market

foreign invested projects;

the survey, design, building,

operation); advertisement

export of equipment and

construction supervision,

design, production,

materials required for the

technology consultation,

agency and releasing; land

abovementioned items;

technology development,

consolidation; technology

contracting of foreign

technology transfer and

development, technology

(overseas) projects

technical service in connection

transfer, technology

with matching strength,

with abovementioned items;

consultation, and

scale and performance;

research, manufacturing, sales

technical service; tourism

undertaking of survey,

and leasing of machinery

information consultation;

mapping, consultation,

facilities, apparatus, component,

railway transportation;

design, supervision,

steel girder, steel structure and

property management;

projects contracting,

building materials designed for

real estate development.

engineering piles testing

civil engineering; temporary

and geological disaster

passenger and cargo transport

prevention projects

and related services prior to

construction; consultation

the formal testing and delivery

services in connection

for operation of newly-built

with abovementioned

railways; contracting of overseas

businesses; bidding

projects and domestic foreign

agency business for

invested projects in the industry;

construction projects, etc.

real estate development and

operation, resource development,

trade and logistics; import

and export; counter trade and

intermediary trade, etc.

3

Project One

  1. Major terms and conditions of the contract to be signed

Project Two

Project Three

  1. Amount of the contract (RMB100 million)
  2. Payment schedule
  3. Place of performance
  4. Term for performance

1.13

Payments of the project will be made based on advance payments, progress payments, payments on completion and acceptance, warranty payments and other procedures.

Within Hebei Province

From the date of signing of the contract to the end of the project warranty period, of which, the project execution cycle is approximately 29 months and the warranty period is 12 months, totaling 41 months.

2.0

Payments of the project will be made based on advance payments, progress payments, payments on completion and acceptance, warranty payments and other procedures.

Within Anhui Province

From the date of signing of the contract to the end of the project warranty period, of which, the project execution cycle is approximately 42 months and the warranty period is 12 months, totaling 54 months.

2.6

Payments of the project will be made based on advance payments, progress payments, payments on completion and acceptance, warranty payments and other procedures.

The People's Republic of Bangladesh

Phase-I project will open on

  1. December 2021 and phase- II project will open on 30 April 2023. The defects liability period is 1 year and the maintenance period is 2 years. From the date of signing of the contract to the end of the project warranty period, of which, the project execution cycle is approximately
  1. months, the defects liability period is 12 months and the maintenance period is 24 months, totaling 69 months.

4

Project One

Project Two

Project Three

5. Conditions for the

The contract shall become

contract to take effect

formally effective after

the legal representatives

of both parties or their

authorized representatives

have affixed their

signatures and official

seals.

6. Contract signing place

Beijing

The contract shall become formally effective after the legal representatives of both parties or their authorized representatives have affixed their signatures and official seals.

Tianjin

  1. The authorized representatives of both parties have affixed their signatures and the seals for contract or official seals on the contract; and
  2. As the professional contractor for "communication signaling" under the contracting contract, the appointment of Party B obtained the temporary approval (BR letter No.54.01.0000.631.54. 206.18-5187) from the employer;
  3. The contract has completed filing procedures. The contract shall become effective from the latest date in the above conditions.

Dacca, the People's Republic of Bangladesh

5

  1. INFORMATION ON PROJECTS WON IN THE URBAN RAIL TRANSIT MARKET

Project Four

Project Five

Project Six

Project Seven

  1. General Information

1. Name of the

Signal system

project

installation project in

respect of Jinhua-Yiwu-

Dongyang Urban Rail

Transit Project

2. Bid originator Jinhua Jinyidong Rail Transit Co., Ltd.

3.

A mount of

2.49

the bid won

(RMB100

million)

4.

Overview of

This project has

the project

a total length of

107.17 km, with 31

stations, including 14

underground stations

and 17 elevated stations,

and a rolling stock depot

with three tabling yards.

Signal system

Signal system

Signal system engineering

procurement project in

procurement project

project in respect of

respect of phase I of

in respect of phase I

Changchun Rail Transit

Nantong Urban Rail

project of Shenzhen

Line No. 3

Transit Line No. 2

Urban Rail Transit Line

No. 20

Nantong Urban Rail

Shenzhen Metro Group

Changchun Rail Transit

Transit Co., Ltd.

Co., Ltd.

Group Co., Ltd.

1.96

1.75

2.67

The phase I project of

The phase I project of

Changchun Line No. 3

Nantong Urban Rail

Shenzhen Urban Rail

has a total length of 34

Transit Line No. 2

Transit Line No. 20

km, with 36 stations, 11

has a total length of

has a total length of

equipment centralised

approximately 20.9

approximately 8.43

stations, 58 trains, an

km, with 17 stations,

km all constructed

additional control center,

including 7 centralised

underground, with

an upgraded rolling

stations and 10 non-

5 stations, including

stock depot, a stabling

centralised stations,

3 transfer stations.

yard and a testing line.

and 6 transfer stations.

The average distance

The existing phase I and

In Xingfu Township

between stations is

phase II has a total length

which is located at the

2.02 km, the maximum

of approximately 28.53

west side of the line,

distance between

km, with 31 stations, 9

the project has a Xingfu

stations is 4.38 km

equipment centralised

rolling stock depot

(from Airport North

stations, 44 trains; the

and an integrated base

Railway Station to

northern extension has

(including a testing line

Chongqing Road

a total length of 5.47

and a training center),

Station) and the

km, with 5 stations, 2

and shares a control

minimum distance

equipment centralised

center with Line No. 1

between stations is 0.8

stations and 14 trains.

at Tonghu Avenue.

km (from Convention

South Station to

Convention North

Station). The Company

will be responsible for

works including the

equipment procurement

and integration

and coordinating

adjustments for the

signal system of this

project.

6

Project Four

Project Five

Project Six

Project Seven

The Company will be responsible for the signal system engineering works including the installation and wiring of all indoor and outdoor main line signal system equipment for main line stations and sections (including assistant lines, connecting lines and lines for entering or leaving depots or yards), relevant parts of the rolling stock depot and stabling yards (including testing lines, training centers and repair and maintenance centers) and control center.

The Company will be responsible for works including the procurement and integration of equipment for the signal system of this project.

The Company will provide a signal system solution which is compatible with the CBTC standard signal system of the northern extension and its existing digital track circuit for Changchun Line No. 3. The works include ancillary projects in respect of northern extension CBTC, existing on-board equipment, ATS, power expansion, graded protection of information security, LTE and other equipment.

The Company will be responsible for system designing, construction and installation, supply of equipment, plant inspection, training, installation, commissioning, running, after sales service, etc.

7

Project Four

Project Five

Project Six

Project Seven

  1. Information of the counterparty

1.

Name of the

Jinhua Jinyidong Rail

Nantong City Rail

Shenzhen Metro Group

Changchun Rail Transit

enterprise

Transit Co., Ltd.

Transit Co., Ltd.

Co., Ltd.

Group Co., Ltd.

2.

Nature of the

State-owned enterprise

State-owned enterprise

State-owned enterprise

State-owned enterprise

enterprise

3.

Legal

Zheng Gongmin

Wang Zhi

Xin Jie

Cao Guoli

representative

4.

Registered

RMB1,000 million

RMB3,700 million

RMB44,071.36 million

RMB3,686.29 million

capital

5.

Date of

04-07-2016

19-12-2016

31-07-1998

17-07-1998

incorporation

6.

Main office

6th Floor, Phase II of

11th Floor, 150-1

Floor 27-31, Metro

No.

1305, Anda

location

the Composite Building,

Gongnong South Road,

Building, No. 1016,

Street, Chaoyang District,

No.1299, Guangnan

Chongchuan District,

Fuzhong 1st Road,

Changchun

Road, Duohu Street,

Nantong

Futian District,

Jindong District, Jinhua

Shenzhen

City, Zhejiang Province

7.

Major

Jinhua Rail Transit

Nantong City

State-owned Assets

Changchun Urban

shareholders

Group Co., Ltd.

Construction Group Co.,

Supervision and

Public Transportation

Yiwu Transportation

Ltd.

Administration

Development Group Co.,

Commission of

Ltd.

Tourism Industry

Shenzhen Municipal

Development Group

People's Government

CDB Development Fund

Co., Ltd.

Co., Ltd.

Dongyang

Changchun Urban

Transportation

Development & Investment

Investment Construction

Holdings (Group) Co., Ltd.

Group Co., Ltd.

8.

Principal

Investment, construction

Construction of city

Construction, operation,

Rail transit, operation,

business

and operation and

rail transit engineering

development and

management and related

management of rail

projects; land

comprehensive

urban rail passenger

transit projects;

development.

utilization of

transport, real estate

land acquisition

subway and light

development and sales,

and reserving and

rail transportation

investment in related

development along the

projects; investment

projects with self-owned

rail transit line.

and establishment of

funds (not allowed to

industries (specific

engage in financial

projects will be reported

management, illegal fund-

separately); domestic

raising, illegal deposit

commerce, material

absorption, loan, etc.),

supply and marketing

advertisement design,

industry (excluding

production, agency,

franchise, special

release, property services,

control, monopoly

engineering consulting,

commodities);

investment information

operating advertising

consulting.

business; own property

management consulting and education training of rail transit related business.

8

Project Four

Project Five

Project Six

Project Seven

  1. Major terms and conditions of the contract to be signed

1.

Amount of

2.49

1.96

the contract

(RMB100

million))

2.

Payment

Payments of the project

Payments of the project

schedule

will be made based

will be made based

on upfront payments,

on advance payments,

progress payments,

progress payments,

payments on completion

payments after arrival

and acceptance and

of goods, payments

warranty payments.

on completion and

acceptance, warranty

payments and other

processes.

3.

Place of

Within Zhejiang

Nantong

performance

Province

4.

Term for

From the date of signing

From the date of signing

performance

of the contract to the end

of the contract to the end

of the project warranty

of the project warranty

period, of which, the

period, of which, the

project execution cycle

project execution cycle

is approximately 24

is approximately 30

months and the warranty

months and the warranty

period is 24 months,

period is 24 months,

totaling 48 months.

totaling 54 months.

5.

Conditions for

The contract shall

The contract shall

the contract to

become effective

become formally

take effect

after the contractor

effective after the

has provided a full

legal representatives

performance guarantee

of both parties or

and both parties have

their authorized

affixed their signatures

representatives have

and official seals.

affixed their signatures

and official seals.

6.

Contract

Jinhua

Nantong

signing place

1.75

Payments of project will be made based on advance payments, payments on design review, payments after arrival of goods, payments on interim acceptance, payments on completion and acceptance, payments upon submission of settlement documents, settlement payments, payments on final acceptance and other processes.

Shenzhen

From the date of signing of the contract to the end of the project warranty period, of which, the project execution cycle is approximately 16 months and the warranty period is 36 months, totaling 52 months. The contract shall become formally effective after the legal representatives of both parties or their authorized representatives have affixed their signatures and official seals. Shenzhen

2.67

Payments of the project will be made based on advance payments, payments for equipment, payments on completion acceptance, warranty payments and other processes.

Changchun

From the date of signing of the contract to the end of the project warranty period, of which, the project execution cycle is approximately 15 months and the warranty period is 36 months, totaling 51 months.

The contract shall become effective after representatives of both parties have affixed their signatures and official seals and the seller has provided a qualified performance guarantee.

Changchun

9

Project Eight

Project Nine

Project Ten

I. General information

1. Name of the project

General contracting

project for system

equipment engineering

of Xi'an Metro Line 14

(from North Railway

Station to Heshao Village)

Procurement of special communication system equipment, and communication system integration (No. 3302) (Second Bid) of Foshan Urban Rail Transit Line 3

Maintenance services outsourcing project for engineering signal and communication system equipment of Phase I of Line 17 and Phases I and II of Line 18 of Chengdu Metro

  1. Bid originator
  2. Amount of the bid won (RMB100 million)
  3. Overview of the project
  1. Electromechanical Engineering Co., Ltd.

1.21

Xi'an Metro Line 14 runs from North Railway Station to Heshao Village, with the total length of 13.65km, all of which lies underground. There are eight stations, including three interchange stations and one new parking lot. It shares the rolling stock depot and control center with Airport Line. The Company will be responsible for the following work related to the signal system equipment of the project: the design, design liaison, manufacture, delivery inspection, insurance, packaging and shipment, transportation, warehousing, delivery, installation supervision, testing, trials, joint debugging, safety assessment, acceptance, trial operation, start-up, equipment performance validation, personnel training, provision of spare parts, instruments, meters and tools, warranty period and after-sales services.

Foshan Urban Rail Transit Line 3 Development Co., Ltd.

1.53

The project has a total length of 69.5km, including an elevated section of 8.7km,

a transition section of 1.3km and an underground section of 59.5km. 37 stations are constructed, including 4 elevated stations and 33 underground stations, of which there are 16 interchange stations. There are 1 rolling stock depot and 2 parking lots throughout the route.

Chengdu Metro Operation Co. Ltd.

1.64

Routine inspection, maintenance and overhaul (excluding medium maintenance, overhaul and technical modification

of equipment), equipment monitoring, malfunction response, guard duty, equipment protection, rectification of potential hazards, emergency rescue, flood prevention

and drill, and debugging of subsequently constructed new lines for signal, communication system equipment in the areas of main line, OCC and rolling stock depot and parting lots of Phase I of Line 17 and Phases I and II of Line18 of Chengdu Metro (including three stations and one area), as well as on-site investigation, data collection, construction control and interface coordination for the communication and signal of the bid originator.

10

Project Eight

Project Nine

Project Ten

The Company will be responsible for the following work related to special communication system of Foshan Urban Rail Transit Line 3:

the design liaison, design, manufacture, factory testing, factory acceptance, packaging, supply, transportation, delivery, installation supervision, stand- alone testing, system debugging and field testing, joint debugging, 144-hour continuous testing, inspection of start-up conditions, pre-acceptance,

trial operation, final acceptance, personnel training, provision of standard accessories, special tools and instruments and meters, reporting to government agencies for inspection (if any), BIM-related work, communication system integration, and correction of system defects and maintenance during the warranty period.

11

Project Eight

Project Nine

Project Ten

II. Information of the

counterparty

1. Name of the enterprise

CCCC Mechanical &

Foshan Urban Rail Transit

Chengdu Metro Operation Co.,

Electrical Engineering

Line Three Development

Ltd.

Co., Ltd.

Co., Ltd.

2. Nature of the enterprise

State-owned enterprise

Limited liability company

State-owned enterprise

(state-controlled)

3. Legal representative

Chen Zhongqiu

Sun Zhongquan

Rao Yong

4. Registered capital

RMB833.332 million

RMB5,000 million

RMB10 million

5. Date of incorporation

2013-04-16

2017-05-12

2010-05-25

6. Main office location

Floor 11-12, No.85 De

Room 903, A Tower,

No.

208 Shuangdian West

Sheng Men Wai Street,

No. 37 Fenjiang South

1st Road, Chenghua District,

Xicheng District, Beijing

Road, Chancheng District,

Chengdu

Foshan

Chengdu Rail Transit Group Co.,

7. Major shareholders

China Communications

Foshan Railway

Construction Company

Investment and

Ltd.

Limited

Construction Co., Ltd.

CCCC First Harbour

Consultants Co., Ltd.

China Railway Group

Limited

China Road and Bridge

China Railway

Corporation

Construction Corporation

Limited

China State Construction

Engineering Corporation

Limited

CRRC Group Co., Ltd.

China Communications

Construction Company

Limited

Urban (inter-city) rail transit

8. Principal business

Construction project

Investment, construction

management, general

and operation of Foshan

operation and management,

contracting, engineering

Urban Rail Transit Line 3

repair and maintenance of

design, goods import and

(including simultaneous

equipment and facility, and

export, agency of import

implementation work)

development of related system;

and export, technology

project, domestic trade,

consulting and training on

import and export,

property leasing services,

urban (inter-city) rail transit

sales of machinery and

release and agency of

construction and operation;

equipment, investment

advertising and technical

repair and leasing of rail

management, project

consulting services.

transit equipment, engineering

investment, engineering

machinery and equipment, tools

technology research,

and instruments and apparatus

technology development,

(the maintenance of measuring

technology promotion,

instruments is subject to the

technology transfer,

approval of license required);

technical consulting,

new materials, technology

technical services,

development and technology

lease of machinery and

transfer, etc.

equipment (excluding car

rental) and maintenance of

mechanical and electrical equipment.

12

Project Eight

Project Nine

  1. Major terms and conditions of the contract to be signed

1. Amount of the contract

1.21

1.53

(RMB100 million)

Payments of the project

2. Payment schedule

Payments of the project

will be made based

will be made based

on advance payments,

on advance payments,

equipment payments,

progress payments,

payments on completion

payments after arrival

and acceptance, warranty

of goods, payments on

payment and other

the completion of pre-

processes.

acceptance, payments

on the completion of

settlement and payments

Xi'an

on final acceptance.

3. Place of performance

Foshan

4. Term of performance

From the date of signing

From the date of signing

of the contract to the end

of the contract to the end

of the project warranty

of the project warranty

period, of which, the

period, of which, the

project execution cycle is

project execution cycle is

approximately 13 months

approximately 41 months

and the warranty period is

and the warranty period

24 months, totaling about

is 24 months, totaling 65

37 months.

months.

5. Conditions for entry

The contract shall become

The contract shall become

into force of the

formally effective after

formally effective after

contract

the legal representatives

the legal representatives

of both parties or their

of both parties or their

authorized representatives

authorized representatives

have affixed their

have affixed their

signatures and official

signatures and official

seals.

seals.

6. Contract signing place

Beijing

Beijing

Project Ten

1.64

Payments of the project will be made on a quarterly basis

Chengdu

From the date of signing of the contract to the end of the project, totaling 40 months.

The contract shall become formally effective after the legal representatives of both parties or their authorized representatives have affixed their signatures and official seals.

Chengdu

13

  1. IMPACT ON THE COMPANY
    1. The total amount of bids for the above projects is approximately RMB1,898 million, accounting for approximately 4.56% of the Company's audited operating income in 2019 under the Chinese Accounting Standards. Given that the above projects will be implemented in phases across years, there are uncertainties as to the impact on the results for 2020. If formal contracts are signed for the above projects and the projects are smoothly implemented, it is expected to have a relatively positive impact on the Company during the implementation period of the projects.
    2. The Company has no related relationships with the above tender parties, and the bid-winning of the above projects does not affect the independence of the Company's business.

IV. POTENTIAL RISKS

The bid-winning of the above projects has been published. Due to the relevant formalities involved, the Company has not signed the relevant formal contracts with the tender parties and uncertainties exist. The final amount, the terms of performance and other details of the above projects are subject to the formally signed contracts. Investors are reminded of the investment risks.

By order of the Board

China Railway Signal &

Communication Corporation Limited*

Chairman

ZHOU Zhiliang

Beijing, the PRC, 17 September 2020

As of the date of this announcement, the executive directors of the Company are Mr. ZHOU Zhiliang, Mr. XU Zongxiang and Mr. YANG Yongsheng, and the independent non-executive directors of the Company are Mr. WANG Jiajie, Mr. CHEN Jin'en, Mr. CHAN Ka Keung Peter and Mr. YAO Guiqing.

  • For identification purpose only.

14

This is an excerpt of the original content. To continue reading it, access the original document here.

Disclaimer

CRSC - China Railway Signal & Communication Co. Ltd. published this content on 17 September 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 17 September 2020 14:34:03 UTC


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08/26CHINA RAILWAY SIGNAL & COMMUNICATION : half-yearly earnings release
03/23CHINA RAILWAY SIGNAL & COMMUNICATION : annual earnings release
02/28CHINA RAILWAY SIGNAL MMUNICATION : Announcement on updates of 2019 preliminary a..
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02/12CHINA RAILWAY SIGNAL MMUNICATION : Poll results of 2020 first extraordinary gene..
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2019CHINA RAILWAY SIGNAL MMUNICATION : Form of proxy of h shareholders for use at th..
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2019CHINA RAILWAY SIGNAL MMUNICATION : Reply slip for h shareholders for attending t..
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2019CHINA RAILWAY SIGNAL MMUNICATION : Announcement - resignation of executive direc..
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2019CHINA RAILWAY SIGNAL MMUNICATION : Update announcement on appointment of joint c..
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2019CHINA RAILWAY SIGNAL MMUNICATION : Change of board secretary and joint company s..
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Financials
Sales 2020 40 333 M 6 131 M 6 131 M
Net income 2020 3 916 M 595 M 595 M
Net cash 2020 22 699 M 3 451 M 3 451 M
P/E ratio 2020 6,45x
Yield 2020 7,15%
Capitalization 56 996 M 8 668 M 8 664 M
EV / Sales 2020 0,85x
EV / Sales 2021 0,75x
Nbr of Employees 20 175
Free-Float 32,0%
Chart CHINA RAILWAY SIGNAL & COMMUNICATION CORPORATION LIMITED
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China Railway Signal & Communication Corporation Limited Technical Analysis Chart | MarketScreener
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Technical analysis trends CHINA RAILWAY SIGNAL & COMMUNICATION CORPORATION LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 13
Average target price 4,10 CNY
Last Close Price 2,32 CNY
Spread / Highest target 135%
Spread / Average Target 76,6%
Spread / Lowest Target 34,3%
EPS Revisions
Managers
NameTitle
Zhi Liang Zhou Chairman & General Manager
Zong Xiang Xu President & Executive Director
Ning Kong Chairman-Supervisory Board
Jia Jie Wang Independent Non-Executive Director
Jin En Chen Independent Non-Executive Director
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1st jan.Capitalization (M$)
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