Asia300

China Railway Group Ltd.

China

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Mar 23, 2017
Prev close: 7.55
Mar 23, 2017
Market cap:
Market cap(USD):
219,661.66M
28,281.35M
Shares: 22,844.3M

Currency in HKD

Company profile

Market(Ticker): HKG(390)
Sector:
Industry:
Industrial Services
Engineering & Construction
Full time employees: 291,149

Business summary

China Railway Group Ltd. engages in the provision of engineering and construction services. It operates through the following segments: Infrastructure Construction; Survey, Design and Consulting Services; Engineering Equipment and Component Manufacturing; and Other Businesses. The Infrastructure Construction segment builds and repairs railways, highways, bridges, tunnels, ports, docks, airports, and irrigation works. The Survey, Design and Consulting Services segment researches and develops feasibility studies and compliance certification of infrastructure projects. The Engineering Equipment and Component Manufacturing segment designs, produces, and trades railway equipment, engineering machineries, and steel products. The Other Businesses segment offers mining, merchandise trading, and financing services. The company was founded on September 12, 2007 and is headquartered in Beijing, China.

Company background

China Railway Group is a leading infrastructure builder owned by the Chinese government. It is the biggest construction company in Asia by revenue and one of the largest in the world in terms of business scale. Its core business is constructing railway infrastructure. China Railway is promoting the development of high-speed railways and urban transit systems at home and abroad. It is rapidly expanding by diversifying into such areas as expressway and bridge construction, and property development.

China Railway traces its roots back to the Ministry of Railways' General Bureau of Capital Construction, established in 1950. In 1989, China Railway Engineering Corp., the parent of China Railway, was founded. CREC became a state-owned enterprise under the State Council's direct supervision in 2003. China Railway went public in 2007 after a reorganization that saw it become CREC's core unit.

China Railway has built two-thirds of the total length of railways across China. Based on the expertise it has accumulated at home, the company is looking to boost infrastructure exports as a core player in the "One Belt, One Road," or "New Silk Road," initiative promoted by the administration of President Xi Jinping. In particular, the company plans to accelerate exports of railway infrastructure -- from rails to traffic control systems to rolling stock -- in collaboration with such concerns as CRRC, a state-owned manufacturer.

By 2020, China Railway plans to double its ratio of overseas sales to 10%. The company hopes to increase orders from Southeast Asian and other nations, takin

In the news

Financial highlights

Dec 2015

  • Local currency
  • US Dollar
Revenue 749,062.95M
Gross profit 63,693.92M
Operating income 22,023.18M
Income before tax 19,807.61M
Net income 14,401.00M
EBITDA 31,757.22M
Diluted EPS 0.65
Dividends per share 0.10
Total assets 851,766.62M
Total liabilities 698,918.34M
Total equity 141,605.88M
Operating cash flow 40,150.84M

Currency in HKD

Revenue 96,621.20M
Gross profit 8,215.84M
Operating income 2,840.75M
Income before tax 2,554.97M
Net income 1,857.57M
EBITDA 4,096.34M
Diluted EPS 0.08
Dividends per share 0.01
Total assets 109,903.23M
Total liabilities 90,181.25M
Total equity 18,271.37M
Operating cash flow 5,179.03M

Currency in USD

Valuation measures

Dec 2015

PER 9.01
ROA 1.68%
ROE 11.02%
Operating margin 2.94%
Profit margin 1.92%

Key executive

  • President & Executive Director: Zong Yan Zhang
  • Chief Financial Officer: Liang Yang
  • Chief Engineer & Vice President: Hui Liu
  • Member-Supervisory Board & Head-Supervision: Hong Guang Wang
  • Member-Supervisory Board & Head-Audit Department: Jing Hua Fan

Share holders

  • National Council for Social Security Fund(7.9%)
  • Lehman Brothers Holdings, Inc. (Investment Portfolio)(4.9%)
  • China State-Owned Assets Supervision & Admn Commission(3.9%)
  • The Vanguard Group, Inc.(3.0%)
  • BlackRock Fund Advisors(1.9%)
  • Hang Seng Investment Management Ltd.(1.5%)
  • BlackRock Advisors (UK) Ltd.(1.2%)
  • Causeway Capital Management LLC(0.5%)
  • E Fund Management Co., Ltd.(0.5%)
  • APG Asset Management NV(0.4%)

Address

  • Website: http://www.crec.cn
  • Address: Block A, China Railway Square, No.69, Fuxing Road, Beijing, 100039, China
  • Phone: --

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