Zhejiang Tiantie Industrial signed a major contract with China Railway First Bureau Group's new transportation project

On May 12, Zhejiang Tiantie Industrial Co., Ltd. recently issued an announcement on signing major contracts. According to the announcement, the company reached an important transaction with China Railway First Bureau Group Xinyun Engineering Co., Ltd. The two parties signed an agreement called "Rubber Damping Mats Sales Contract". The subject matter of the contract is rubber Damping Mats and its auxiliary materials, including Z/L type sealing strips, lap strips, elastic pads and foam boards. The order amount reached 33.9135 million yuan.

It is understood that Tiantie Co., Ltd. has been focusing on R & D and production in the field of track vibration reduction for many years. The company's products have been adopted in many railway projects and nearly 30 urban rail transit projects in China. Its rubber damping pads enjoy a high reputation in the industry. In 2022, Tiantie achieved operating income of 1.720 billion yuan, a year-on-year increase of 0.42%. Net profit returned to shares reached 410 million yuan, a year-on-year increase of 35.66%. The achievement of this achievement is inseparable from the company's continued efforts in technology research and development and market expansion.

Through the major contract signed with China Railway First Bureau Group Xinyun Engineering Co., Ltd., Tiantie Co., Ltd. will further consolidate its leading position in the field of track vibration reduction and lay a solid foundation for the company's future development.