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Industrial Services

China Railway Group Ltd.

  • 5.71 HKD
  • +0.07
  • +1.24%
  • China
    May 23, 2019
  • Ticker
    HKG(390)
  • Prev. close
    5.64
  • Market cap (HKD)
    160,205.14M
  • Market cap (USD)
    20,408.55M
  • Shares
    22,844.30M

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 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.

Financial Highlights

Dec 2018 HKDUSD
Revenue870,213.95M111,031.44M
Gross Profit80,787.83M10,307.79M
Operating income29,190.40M3,724.43M
Income before tax24,985.93M3,187.97M
Net income19,436.07M2,479.86M
EBITDA41,076.25M5,240.95M
Diluted EPS0.850.10
Dividends Per Share0.140.01
Total Assets1,074.98B137,302.26M
Total liabilities857,034.17M109,464.28M
Total equity182,287.66M23,282.60M
Operating cash flow17,234.15M2,198.92M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 750,415.93M 749,062.95M 742,361.08M 794,157.68M 870,213.95M
Gross Profit 64,241.14M 63,693.92M 58,084.46M 71,253.57M 80,787.83M
Operating income 22,991.86M 22,023.18M 21,660.23M 24,519.31M 29,190.40M
Income before tax 18,946.35M 19,807.61M 19,793.26M 20,768.16M 24,985.93M
Net income 13,038.33M 14,401.00M 13,796.44M 17,619.20M 19,436.07M
EBITDA 31,877.12M 31,757.22M 31,697.03M 34,974.18M 41,076.25M
Diluted EPS 0.61 0.65 0.60 0.77 0.85
Dividends Per Share 0.09 0.10 0.10 0.13 0.14
Total Assets 853,930.92M 851,766.62M 842,010.94M 1,015.24B 1,074.98B
Total liabilities 720,542.55M 698,918.34M 688,209.78M 824,574.20M 857,034.17M
Total equity 119,669.99M 141,605.88M 143,241.45M 173,462.45M 182,287.66M
Operating cash flow 26,670.19M 40,150.84M 65,815.93M 39,682.90M 17,234.15M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 96,769.39M 96,621.20M 95,634.80M 101,908.93M 111,031.44M
Gross Profit 8,284.17M 8,215.84M 7,482.74M 9,143.49M 10,307.79M
Operating income 2,964.90M 2,840.75M 2,790.38M 3,146.39M 3,724.43M
Income before tax 2,443.21M 2,554.97M 2,549.87M 2,665.03M 3,187.97M
Net income 1,681.34M 1,857.57M 1,777.33M 2,260.95M 2,479.86M
EBITDA 4,110.69M 4,096.34M 4,083.37M 4,488.00M 5,240.95M
Diluted EPS 0.07 0.08 0.07 0.09 0.10
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 110,115.72M 109,903.23M 108,602.42M 129,871.46M 137,302.26M
Total liabilities 92,915.08M 90,181.25M 88,765.18M 105,480.68M 109,464.28M
Total equity 15,431.63M 18,271.37M 18,475.25M 22,189.56M 23,282.60M
Operating cash flow 3,439.23M 5,179.03M 8,478.75M 5,092.24M 2,198.92M

Valuation Measures

Dec 2018
PER8.38
ROA1.85%
ROE10.92%
Operating margin3.35%
Profit margin2.23%

Key executives

  • 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

Shareholders

  • 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%)
  • China Asset Management Co., Ltd. (3.6%)
  • The Vanguard Group, Inc. (2.9%)
  • BlackRock Fund Advisors (2.8%)
  • Yinhua Fund Management Co., Ltd. (2.1%)
  • BlackRock Investment Management (UK) Ltd. (1.0%)
  • Dimensional Fund Advisors LP (0.9%)
  • Huatai-PineBridge Fund Management Co., Ltd. (0.8%)

Contact Details

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

Related Companies

  • China Railway Engineering Corp. (M) Sdn. Bhd.
  • China Railway Capital Co., Ltd.
  • China Railway Finance Co., Ltd.
  • China Railway (Shanghai) Investment 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 Shanghai Engineering Group Co., Ltd.
  • China Railway Beijing Engineering Group Co., Ltd.
  • China Railway Erju Engineering 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.
  • China Railway Engineering Consulting Group Co., Ltd.
  • China Railway Bureau Group Co., Ltd.
  • China Railway Xunjie Co. Ltd.
  • CREC Ruilong Logistics Co. Ltd.
  • China Railway Port & Channel Engineering Group Co. Ltd.
  • China Railway Engineering Design Institute Co. Ltd.
  • China Railway International Group Co., Ltd.
  • China Railway International Trading (HK) Ltd.
  • China Railway Communications Investment Group Co., Ltd.
  • China Railway Resources Huitung Ltd.
  • Inner Mongolia Guobai Railway Co. Ltd.
  • China Railway No. 8 Engineering Group Co., Ltd.

Competitors

  • Chengdu Road & Bridge Engineering Co., Ltd. Class A
  • Arcadis NV
Last Updated on 23 May, 2019

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