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Industrial Services

China Railway Group Ltd.

  • 7.70 HKD
  • -0.02
  • -0.26%
  • China
    Nov 16, 2018
  • Ticker
    HKG(390)
  • Prev. close
    7.72
  • Market cap (HKD)
    188,147.49M
  • Market cap (USD)
    24,023.88M
  • 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 2017 HKDUSD
Revenue794,157.68M101,908.93M
Gross Profit71,253.57M9,143.49M
Operating income31,691.20M4,066.71M
Income before tax20,768.16M2,665.03M
Net income17,619.20M2,260.95M
EBITDA42,124.89M5,405.60M
Diluted EPS0.770.09
Dividends Per Share0.130.01
Total Assets1,013.27B129,619.70M
Total liabilities822,237.87M105,181.82M
Total equity172,192.61M22,027.12M
Operating cash flow39,629.78M5,085.42M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 688,361.11M 750,415.93M 749,062.95M 742,361.08M 794,157.68M
Gross Profit 55,176.35M 64,241.14M 63,693.92M 58,084.46M 71,253.57M
Operating income 19,024.32M 22,991.86M 22,023.18M 21,660.23M 31,691.20M
Income before tax 16,919.32M 18,946.35M 19,807.61M 19,793.26M 20,768.16M
Net income 11,828.14M 13,038.33M 14,401.00M 13,796.44M 17,619.20M
EBITDA 27,599.61M 31,877.12M 31,757.22M 31,697.03M 42,124.89M
Diluted EPS 0.55 0.61 0.65 0.60 0.77
Dividends Per Share 0.08 0.09 0.10 0.10 0.13
Total Assets 804,590.40M 853,930.92M 851,766.62M 842,010.94M 1,013.27B
Total liabilities 679,817.44M 720,542.55M 698,918.34M 688,209.78M 822,237.87M
Total equity 110,958.90M 119,669.99M 141,605.88M 143,241.45M 172,192.61M
Operating cash flow 12,107.89M 26,670.19M 40,150.84M 65,815.93M 39,629.78M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 88,744.72M 96,769.39M 96,621.20M 95,634.80M 101,908.93M
Gross Profit 7,113.43M 8,284.17M 8,215.84M 7,482.74M 9,143.49M
Operating income 2,452.64M 2,964.90M 2,840.75M 2,790.38M 4,066.71M
Income before tax 2,181.26M 2,443.21M 2,554.97M 2,549.87M 2,665.03M
Net income 1,524.90M 1,681.34M 1,857.57M 1,777.33M 2,260.95M
EBITDA 3,558.19M 4,110.69M 4,096.34M 4,083.37M 5,405.60M
Diluted EPS 0.07 0.07 0.08 0.07 0.09
Dividends Per Share 0.01 0.01 0.01 0.01 0.01
Total Assets 103,767.91M 110,115.72M 109,903.23M 108,602.42M 129,619.70M
Total liabilities 87,675.96M 92,915.08M 90,181.25M 88,765.18M 105,181.82M
Total equity 14,310.35M 15,431.63M 18,271.37M 18,475.25M 22,027.12M
Operating cash flow 1,560.97M 3,439.23M 5,179.03M 8,478.75M 5,085.42M

Valuation Measures

Dec 2017
PER7.49
ROA1.89%
ROE11.17%
Operating margin3.99%
Profit margin2.21%

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%)
  • The Vanguard Group, Inc. (3.2%)
  • BlackRock Fund Advisors (2.5%)
  • China Asset Management Co., Ltd. (1.2%)
  • Hang Seng Investment Management Ltd. (1.0%)
  • BlackRock Investment Management (UK) Ltd. (0.9%)
  • Dimensional Fund Advisors LP (0.9%)
  • Fiera Capital, Inc. (0.7%)

Contact Details

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

Related Companies

  • 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.
  • China Railway Construction Engineering Group Co., Ltd.
  • China Railway & Airport Construction Group Corp.
  • China Railway Special Goods Transportation Co., Ltd.
  • China Railway Xi Nan Investment Management Co. Ltd.
  • China Railway Shenzhen Metro Line 5 Materials Supply Center
  • China Railway No. 3 Engineering Group Co., Ltd.
  • China Airport Construction Co., Ltd.
  • Wuhan Railway Zhongli Group Co., Ltd.
  • China Railway Engineering Corp.
  • China Railway No. 1 Engineering Group Co., Ltd.
  • China Railway Major Bridge Engineering Group Co., Ltd.
  • China Railway Seventh Group Co. Ltd.
  • China Railway First Group Co., Ltd.
  • China Overseas Engineering Group Co. Ltd.
  • China Railway Shanhaiguan Bridge Group Co. Ltd.
  • China Tiesiju Civil Engineering Group Co., Ltd.

Competitors

  • Actividades de Construccion y Servicios SA
  • Chengdu Road & Bridge Engineering Co., Ltd. Class A
Last Updated on 16 Nov, 2018

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