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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 2020 HKDUSD
Revenue1,095.29B141,219.77M
Gross Profit100,051.41M12,899.88M
Operating income40,749.61M5,253.95M
Income before tax37,550.46M4,841.47M
Net income26,595.57M3,429.03M
EBITDA52,393.32M6,755.20M
Diluted EPS1.080.13
Dividends Per Share0.180.02
Total Assets1,424.16B183,672.44M
Total liabilities1,107.15B142,787.55M
Total equity247,157.37M31,875.44M
Operating cash flow36,211.01M4,668.77M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 739,440.66M 794,215.12M 876,949.52M 964,784.89M 1,095.29B
Gross Profit 58,033.01M 71,085.50M 83,480.31M 89,002.23M 100,051.41M
Operating income 20,823.55M 22,760.78M 31,399.87M 36,219.56M 40,749.61M
Income before tax 21,078.26M 22,249.96M 27,632.12M 34,841.85M 37,550.46M
Net income 13,796.68M 17,619.16M 19,435.70M 25,081.09M 26,595.57M
EBITDA 30,493.38M 32,481.30M 42,173.66M 48,912.62M 52,393.32M
Diluted EPS 0.60 0.77 0.85 1.07 1.08
Dividends Per Share 0.10 0.13 0.14 0.18 0.18
Total Assets 841,578.52M 1,013.08B 1,075.03B 1,182.24B 1,424.16B
Total liabilities 687,510.67M 821,778.05M 857,054.79M 941,970.30M 1,107.15B
Total equity 142,948.24M 171,878.56M 181,898.36M 212,281.44M 247,157.37M
Operating cash flow 55,829.37M 36,745.42M 8,696.26M 19,904.76M 36,211.01M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 95,258.58M 101,916.30M 111,890.83M 123,134.71M 141,219.77M
Gross Profit 7,476.11M 9,121.92M 10,651.33M 11,359.28M 12,899.88M
Operating income 2,682.59M 2,920.73M 4,006.34M 4,622.67M 5,253.95M
Income before tax 2,715.41M 2,855.18M 3,525.60M 4,446.83M 4,841.47M
Net income 1,777.36M 2,260.94M 2,479.82M 3,201.08M 3,429.03M
EBITDA 3,928.31M 4,168.10M 5,380.97M 6,242.67M 6,755.20M
Diluted EPS 0.07 0.09 0.10 0.13 0.13
Dividends Per Share 0.01 0.01 0.01 0.02 0.02
Total Assets 108,546.65M 129,594.89M 137,308.21M 151,729.33M 183,672.44M
Total liabilities 88,675.01M 105,123.00M 109,466.91M 120,892.51M 142,787.55M
Total equity 18,437.44M 21,986.94M 23,232.88M 27,244.21M 31,875.44M
Operating cash flow 7,192.22M 4,715.29M 1,109.56M 2,540.42M 4,668.77M

Valuation Measures

Dec 2020
PER2.66
ROA2.04%
ROE11.57%
Operating margin3.72%
Profit margin2.42%

Key executives

  • President & Executive Director: Wen Jian Chen
  • Board Secretary & Joint Secretary: Wen He
  • Chief Economist: Jiang Qian Ma
  • Chief Engineer: Dun Kong
  • Chief Accountant: Cui Sun

Shareholders

  • National Council for Social Security Fund (6.0%)
  • China State-Owned Assets Supervision & Admn Commission (3.9%)
  • The Vanguard Group, Inc. (3.0%)
  • UBS Asset Management (Hong Kong) Ltd. (2.5%)
  • Grantham, Mayo, Van Otterloo & Co. LLC (1.7%)
  • GF Fund Management Co., Ltd. (1.6%)
  • Bosera Asset Management Co., Ltd. (1.4%)
  • BlackRock Fund Advisors (1.4%)
  • Dimensional Fund Advisors LP (1.3%)
  • Artemis Investment Management LLP (0.8%)

Contact Details

  • Website:http://www.crec.cn
  • Address: Block A, China Railway Square, 69 Fuxing Road, Beijing, 100039, China
  • Phone: +86.10.5187.8413

Related Companies

  • 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 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.
  • 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.

Competitors

  • Actividades de Construccion y Servicios SA
Last Updated on 14 May, 2021

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