Changes in Hong Kong stocks | China Express (03969) rose more than 3% in the afternoon and recently won the bid for three railway market projects with a total value of about $976 million

The Zhitong Finance App learned that China Connect (03969) rose more than 3% in the afternoon. As of press release, it rose by 2.92% to HK$3.0, with a turnover of HK$14.741,700.

According to news, China Communications announced that from July to August, it won the bid for the three projects of dedicated railway lines, 5G transformation of high-speed rail networks, and rail circuit equipment supply, with amounts of 529 million yuan, 290 million yuan, and 157 million yuan respectively, totaling 976 million yuan, accounting for about 2.81% of the company's total audited revenue in 2025. If the project is successfully signed and implemented, it is expected that the order will gradually be converted into revenue as construction and delivery progress.

Changjiang Securities pointed out that the company continues to optimize and upgrade the rail transit control system industry, accelerate the digital and intelligent upgrading of the signal industry, promote the genealogical development of system products, consolidate the advantages of the entire “trinity” rail transit industry chain; actively lay out strategic emerging industries, and accelerate entry into a new low-altitude economy track.