Asia300

China Railway Group Ltd.

China

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Aug 21, 2017
Prev close: 5.89
Aug 21, 2017
Market cap:
Market cap(USD):
212,131.55M
27,113.15M
Shares: 22,844.3M

Currency in HKD

Company profile

Market(Ticker): HKG(390)
Sector:
Industry:
Industrial Services
Engineering & Construction
Full time employees: 283,511

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 2016

  • Local currency
  • US Dollar
Revenue 742,361.08M
Gross profit 58,084.46M
Operating income 21,660.23M
Income before tax 19,793.26M
Net income 13,796.44M
EBITDA 31,697.03M
Diluted EPS 0.60
Dividends per share 0.10
Total assets 842,010.94M
Total liabilities 688,209.78M
Total equity 143,241.45M
Operating cash flow 65,815.93M

Currency in HKD

Revenue 95,634.80M
Gross profit 7,482.74M
Operating income 2,790.38M
Income before tax 2,549.87M
Net income 1,777.33M
EBITDA 4,083.37M
Diluted EPS 0.07
Dividends per share 0.01
Total assets 108,602.42M
Total liabilities 88,765.18M
Total equity 18,475.25M
Operating cash flow 8,478.75M

Currency in USD

Valuation measures

Dec 2016

PER 10.56
ROA 1.62%
ROE 9.68%
Operating margin 2.91%
Profit margin 1.85%

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.(3.1%)
  • BlackRock Fund Advisors(2.2%)
  • Hang Seng Investment Management Ltd.(1.3%)
  • Fullgoal Fund Management Co., Ltd.(1.0%)
  • BlackRock Advisors (UK) Ltd.(0.6%)
  • BlackRock Asset Management North Asia Ltd.(0.6%)
  • APG Asset Management NV(0.6%)

Address

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

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