China Railway Group Limited, a leading construction and engineering contractor worldwide, reported a surge in new contract value in the first quarter of the year.

The company has signed new contracts worth 605.74 billion yuan (about 95.16 billion U.S. dollars) in the first three months of the year, soaring by 84 percent from a year ago, according to a report it filed with the Shanghai Stock Exchange.

In the January-March period, the value of new contracts signed domestically rose 81.7 percent year on year to 566.16 billion yuan, while the value of new contracts signed overseas soared 123.6 percent year on year to 39.58 billion yuan, the report showed.

In 2021, the company's total revenue reached 1.07 trillion yuan, up 10.11 percent year on year.

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