CSR Corporation (601766,1766.HK) recently won 3.48 billion yuan worth of contracts, with a subsidiary in Nanjing set to supply 710 million yuan worth of trains for Suzhou's Metro line 2, reports yicai.com, citing a company filing.
A subsidiary in Qingdao signed a 480 million yuan contract to supply EMU components to the Ministry of Railways, and will supply 680 million yuan worth of trains for a metro network in Qingdao.
Three subsidiaries won 600 million yuan worth of truck repair contracts from China Railway Construction Investment Corporation.
CSR Yangtze, a wholly-controlled subsidiary, won a 130 million yuan contract to supply cargo trains to Australian company Pacific National.
Qingdao Sifang Bombardier Railway Equipment, a joint venture in which CSR has a 50 percent interest, won a 120 million yuan contract to supply EMU components to Guangzhou Railway Group.