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Industrial Services

China Railway Group Ltd.

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

Business Summary

China Railway Group Ltd. engages in the business of infrastructure construction, survey design and consulting services, engineering equipment and parts manufacturing. Its business involves in engineering fields such as railways, highways, municipal administration, housing construction, urban rail transit, water conservancy and hydropower, port waterways, and airport terminals. The company was founded on September 12, 2007 and is headquartered in Beijing, China.

Financial Highlights

Dec 2021 HKDUSD
Revenue1,293.51B166,415.32M
Gross Profit122,633.83M15,777.22M
Operating income48,620.62M6,255.19M
Income before tax43,790.13M5,633.73M
Net income30,695.51M3,949.07M
EBITDA61,235.56M7,878.14M
Diluted EPS1.240.16
Dividends Per Share0.220.02
Total Assets1,665.57B213,636.47M
Total liabilities1,281.88B164,422.64M
Total equity280,737.01M36,009.00M
Operating cash flow8,082.14M1,039.79M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 794,215.12M 876,949.52M 964,784.89M 1,095.29B 1,293.51B
Gross Profit 71,085.50M 83,480.31M 89,002.23M 100,051.41M 122,633.83M
Operating income 22,760.78M 31,399.87M 36,219.56M 40,749.61M 48,620.62M
Income before tax 22,249.96M 27,632.12M 34,841.85M 37,550.46M 43,790.13M
Net income 17,619.16M 19,435.70M 25,081.09M 26,595.57M 30,695.51M
EBITDA 32,481.30M 42,173.66M 48,912.62M 52,393.32M 61,235.56M
Diluted EPS 0.66 0.71 0.95 0.96 1.24
Dividends Per Share 0.13 0.14 0.18 0.21 0.22
Total Assets 1,013.08B 1,075.03B 1,181.76B 1,423.45B 1,665.57B
Total liabilities 821,778.05M 857,054.79M 941,489.31M 1,106.43B 1,281.88B
Total equity 171,878.56M 181,898.36M 212,281.44M 247,157.37M 280,737.01M
Operating cash flow 36,745.42M 8,696.26M 19,904.76M 36,211.01M 8,082.14M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 101,916.30M 111,890.83M 123,134.71M 141,219.77M 166,415.32M
Gross Profit 9,121.92M 10,651.33M 11,359.28M 12,899.88M 15,777.22M
Operating income 2,920.73M 4,006.34M 4,622.67M 5,253.95M 6,255.19M
Income before tax 2,855.18M 3,525.60M 4,446.83M 4,841.47M 5,633.73M
Net income 2,260.94M 2,479.82M 3,201.08M 3,429.03M 3,949.07M
EBITDA 4,168.10M 5,380.97M 6,242.67M 6,755.20M 7,878.14M
Diluted EPS 0.08 0.09 0.12 0.12 0.16
Dividends Per Share 0.01 0.01 0.02 0.02 0.02
Total Assets 129,594.89M 137,308.21M 151,667.60M 183,580.39M 213,636.47M
Total liabilities 105,123.00M 109,466.91M 120,830.78M 142,695.49M 164,422.64M
Total equity 21,986.94M 23,232.88M 27,244.21M 31,875.44M 36,009.00M
Operating cash flow 4,715.29M 1,109.56M 2,540.42M 4,668.77M 1,039.79M

Valuation Measures

Dec 2021
PER2.69
ROA1.98%
ROE11.62%
Operating margin3.75%
Profit margin2.37%

Key executives

  • President & Executive Director: Wen Jian Chen
  • Member-Supervisory Board: Ming Wan
  • Joint Secretary: Wen He
  • Chief Economist: Jiang Qian Ma
  • Chief Engineer: Dun Kong

Shareholders

  • China State-Owned Assets Supervision & Admn Commission (3.9%)
  • The Vanguard Group, Inc. (3.2%)
  • BlackRock Fund Advisors (2.4%)
  • GF Fund Management Co., Ltd. (2.1%)
  • Dimensional Fund Advisors LP (1.1%)
  • Geode Capital Management LLC (1.1%)
  • Victory Capital Management, Inc. (Investment Management) (1.0%)
  • ICBC Credit Suisse Asset Management Co., Ltd. (0.9%)
  • Artemis Investment Management LLP (0.8%)
  • China Asset Management Co., Ltd. (0.8%)

Contact Details

  • Website:http://www.crec.cn
  • Address: Block A, China Railway Square, 69 Fuxing Road, Beijing, 100039, China
  • Phone: +86.10.51845225

Related Companies

  • THIRD ENGINEERING GROUP CO LTD OF CHINA RAILWAY HANDAN
  • Guizhou Tongxin Expressway Development Co., Ltd.
  • China Railway No. 4 Engineering Group Electromechanical Device
  • China Railway Second Engineering Group Co. Ltd.
  • China Railway Beijing Group Co., Ltd.
  • COVEC (PNG) Ltd.
  • China Railway Engineering Design Group Co., Ltd.
  • China Railway International Co., Ltd.
  • China Railway Eighth Bureau Group Bridge Engineering Co., Ltd.
  • Chengdu-Guiyang Railway Co., Ltd.
  • China Railway Cultural & Tourism Investment Group Co., Ltd.
  • China Railway Second Bureau Construction Co., Ltd.
  • China Railway South Investment Group Co., Ltd.
  • China Tiesiju Civil Engineering Group Co., Ltd.
  • China Railway Engineering Corp. (M) Sdn. Bhd.
  • China Railway Capital Co., Ltd.
  • China Railway Finance Co., Ltd.
  • China Railway (Shanghai) Investment Group Co., Ltd.
  • China Railway City Development & Investment Group Co., Ltd.
  • China Railway Development & Investment Co., Ltd.
  • China Railway Investment Group Co., Ltd.
  • China Railway Guangzhou Engineering Group Co., Ltd.
  • China Railway No. 2 Construction Co., Ltd.
  • China Railway Electrification Engineering Group Co., Ltd.
  • China Railway No. 9 Engineering Group Co. , Ltd.
  • China Railway No.7 Engineering Group Co., Ltd.
  • China Railway No.6 Engineering Group Co., Ltd.
  • China Railway Material Trade Co., Ltd.
  • China Railway Liuyuan Group Co., Ltd.
  • Yunnan Longrun Real Estate Co., Ltd.

Competitors

  • RAFAKO S.A.
  • Beijing Jiaoda Signal Technology Co., Ltd. Class A
  • Xiangtan Electric Manufacturing Co., Ltd. Class A
Last Updated on 6 Dec, 2022

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