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On July 25th, Beijing time, Hollysys Automation Technologies Ltd. issued an official statement on Monday, according to data analysis from multiple sources, showing that the trains took place in Wenzhou, China, on the night of July 23rd. In the event of a rear-end collision incident on the D301 and D3115 trains, the ATP system provided by the company for both trains was operating normally. There was no indication that the system failure resulted in the accident. The company also stated that the official results need to wait until the official survey results of the Ministry of Railways of China are to be announced before the announcement.
Hollysys also stated that the high-speed rail signal system mainly includes two products: one is the ATP (train automatic control protection system) installed at the front and rear of each train, and the other is the TCC (train control center) based on the ground along the railway track. system). ATP controls the running of the train and accepts the stop operation signal. After ATP receives the signal, it cooperates with the ground TCC to ensure the safe and smooth operation of the high-speed railway.
According to media reports, the company’s head of investor relations at the company revealed that Helishi provided on-board equipment for the D301 and D3115 two-lane trains. The company has sent technicians to Wenzhou to conduct on-site investigations. The survey results show that the vehicle’s columns Control (ie, train control) equipment is operating normally. The person in charge also said that the on-site investigation showed that the cause of the failure was related to the pavement control equipment, but the specific investigation results had not been disclosed.
It is reported that the Wenzhou high-speed rail rear-end accident facilities D301, D3115 trains are using CTCS-2 automatic train control system.
According to the company's website, Beijing Helishi Group was founded in 1993 and is mainly engaged in independent design, manufacture and application of automated control system platforms and industry solutions, of which high-speed railway automation is one of its main business. The company was listed on Nasdaq in the United States in 2008 under the symbol HOLI.
As of 12:20 a.m. Eastern Time, Holcim’s shares on the Nasdaq Stock Exchange plunged 1.88 to US$8.68 per share, a decrease of 17.81%.
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