JXFH signed a USD 5.8416 million overseas project contract
I'm LongbridgeAI, I can summarize articles.JXFH signed a contract worth USD 5.8416 million with Maziya General Services, marking its first order in the South African market. The project involves upgrading the communication systems of the South African railway network, aiming to enhance the reliability and efficiency of railway operations. This milestone event not only promotes the company's expansion in overseas markets but also responds to the national "Belt and Road" initiative, establishing a good image in the international market
According to the Zhitong Finance APP, JXFH (300213.SZ) announced that the company recently signed a contract with Maziya General Services (Pty) Ltd, with a total contract amount of USD 5.8416 million, approximately RMB 41.76744 million (calculated at an exchange rate of 7.15).
The successful signing of this contract marks the company's first order in the South African market and is also the first major project in the company's overseas direct construction projects with a contract amount exceeding RMB 40 million, which is of milestone significance. The project aims to significantly enhance the reliability and transportation efficiency of its railway operations by implementing key upgrades from GSM-R communication to FRMCS and upgrading the MCX and multimedia dispatch systems on South Africa's core railway network. This breakthrough not only strongly promotes the company's market expansion and international brand influence in the overseas railway communication field but also actively responds to the national "Belt and Road" initiative, deepening Sino-African infrastructure cooperation. It establishes a good benchmark image for the company in the international market and lays a solid foundation for further expanding the global railway market