First Machinery Unit Wins 207.5 Million Yuan Railway Deal; Shares Down 2%
Inner Mongolia First Machinery (SHA:600967) subsidiary Baotou Northern Venture will supply wagons and flatcars to the China State Railway Group for 207.5 million yuan, according to a Saturday filing with the Shanghai bourse.The C70E type general-purpose open wagons and X70 type container flatcars are scheduled for delivery before Dec. 31, 2026, the filing said.The railway equipment manufacturer's shares fell 2% during afternoon trading on Monday.