Beijing Investment Transportation Technology (01522) won the bid for Beijing Rail Transit Line 28 Engineering Communication, Office Automation, and Guidance System Integration Procurement Project involving an investment of approximately 110 million yuan.

Zhitong Finance App News, Beijing Investment Transportation Technology (01522) issued an announcement. Recently, the Group successfully won the bid for the Beijing Rail Transit Line 28 engineering communication, office automation and guidance system integrated procurement project, with a bid amount of about 110 million yuan. The scope of implementation of the project mainly includes system products and services under the integrated procurement of engineering communications, office automation, and guidance systems. This project is another subway communication integration project obtained by the Group in the Beijing domestic market after winning the bid for the Beijing Rail Transit Line 13 project in 2022.

In addition to the above orders, the Group has recently successively won key domestic projects such as Taiyuan Metro Line 1 communication system procurement and suburban railway copper line weak current system, as well as India's Delhi RS-118 train passenger information system (PIS) full system renovation project and overseas vehicle PIS projects such as Korean streetcars. Among them, the Korean project is also the first time the Group has entered the country's market. During the year, the Group continued to strengthen its business development and actively promoted order execution. In particular, since entering the fourth quarter, the amount of new contracts signed and won bids reached RMB 420 million. As of October 31, 2023, the Group's current order amount was RMB 2.39 billion.

In a situation where competition in the industry intensifies and the difficulty of obtaining projects increases, the successful acquisition of multiple large orders mentioned above further highlights the Group's market position in the rail transit field, and will also have a positive impact on the Group's business performance. The Group will continue to adhere to the market strategy of “based in Beijing and Hong Kong, deeply cultivate the whole country, and explore the world”, continuously optimize products and services, enhance its competitive advantage, and provide customers with advanced and high-quality smart rail transit products and services.