|Aug 18, 2017|
|Aug 18, 2017|
Currency in HKD
Engineering & Construction
|Full time employees:||259,460|
China Railway Construction Corp. Ltd. engages in the construction business. It operates through five segments: Construction, Survey, Design and Consultancy, Manufacturing, Real Estate, and Other Business Operations. The Construction Operations segment engages in the construction of infrastructure such as railways, highways, metropolitan railways and real estate projects. The Survey, Design and Consultancy Operations segment engages in the provision of survey, design and consultancy services, as well as technology and equipment research and development service. The Manufacturing Operations segment engages in the design, research and development, production and sale of large track maintenance machinery as well as the manufacturing of components for railway construction. The Real Estate Operations segment engages in the development, construction and sale of real estate projects. The Other Business Operations segment mainly comprises real estate development and logistics businesses. The company was founded on November 4, 2007 and is headquartered in Beijing, China.
China Railway Construction (CRCC) is China's state-owned railway constructor. Its business operations are growing rapidly as it expands to Southeast Asia, Africa, South America and Eastern Europe. It is often ranked among the world's top general contractors.
As the successor of the Railway Corps of the People's Liberation Army, CRCC has developed railway infrastructure under the Ministry of Railways. It changed into its current form in 2007 following state-owned company reforms. Its government-controlled parent company still has 60% of outstanding shares.
CRCC builds railways as well as hydropower plants, airports and housing. It holds a 90% share in the domestic railway maintenance facilities. It is currently focusing on winning more contracts for building subways and high-speed railways overseas. It is aiming to expand its infrastructure exports, including railway design, construction, rail car manufacturing and railway traffic control systems.
As a state-owned company, its business is susceptible to Communist Party policies. Its overseas strategy is basically the same as Beijing's foreign policy. While CRCC can benefit from the government's infrastructure export policy, many developed countries argue it has problems in ensuring transparency in management and safety.
In the news
July 20, 2017 2:35 pm JST
July 20, 2017 2:13 pm JST
July 19, 2017 3:53 pm JST
July 14, 2017 8:38 pm JST
July 14, 2017 8:23 pm JST
July 14, 2017 3:12 pm JST
July 13, 2017 2:24 pm JST
- Local currency
- US Dollar
|Income before tax||22,198.65M|
|Dividends per share||0.18|
|Operating cash flow||43,802.79M|
Currency in HKD
|Income before tax||2,859.74M|
|Dividends per share||0.02|
|Operating cash flow||5,642.90M|
Currency in USD
- President & Executive Director: Shang Biao Zhuang
- Head-Finance: Xi Rui Cao
- Vice President: Guo Bin Xia
- Vice President: Ru Chen Liu
- Supervisor: Xue Fu Li
- National Council For Social Security Fund (Investment Company)(9.0%)
- The Vanguard Group, Inc.(3.2%)
- Nordea Investment Management AB (Denmark)(2.5%)
- BlackRock Fund Advisors(2.2%)
- Hang Seng Investment Management Ltd.(1.2%)
- Grantham, Mayo, Van Otterloo & Co. LLC(1.0%)
- APG Asset Management NV(1.0%)
- Dimensional Fund Advisors LP(0.9%)
- Causeway Capital Management LLC(0.8%)
- HSBC Global Asset Management (Hong Kong) Ltd.(0.7%)
- Website: http://www.crcc.cn
- Address: No. 40 Fuxing Road, Haidian District, Beijing, 100855, China
- Phone: +86.10.5188.8114
Copyright © 2017 FactSet Research Systems Inc. All rights reserved.