Plateau railway and pumped storage projects continue to reap China Railway Construction Heavy Industry Corporation Limited(688425) with a net profit of more than 1.7 billion yuan in 2021

On February 25, China Railway Construction Heavy Industry Corporation Limited(688425) released the annual performance express of 2021. In 2021, all operating performance of China Railway Construction Heavy Industry Corporation Limited(688425) showed an increasing trend. The performance express shows that in 2021, China Railway Construction Heavy Industry Corporation Limited(688425) achieved a total operating revenue of about 9.517 billion yuan, a year-on-year increase of 25.05%, and a net profit attributable to the owner of the parent company of about 1.735 billion yuan, a year-on-year increase of 10.74%.

Infrastructure "little sunny spring" is waving gradually.

China Railway Construction Heavy Industry Corporation Limited(688425) said that the company has made remarkable achievements in market development in the past year. The key projects of sectorau railway have covered the company's full section open Hard Rock Roadheader and a full range of drilling and blasting equipment, and the relevant orders have increased significantly year-on-year; The company's variable diameter TBM and rock drilling jumbo have been successfully applied to the pumped storage market.

According to reports, China Railway Construction Heavy Industry Corporation Limited(688425) developed tunnel boring machines and other major products have completely independent intellectual property rights, and are the leading manufacturers of full face tunnel boring equipment in the world. In addition, China Railway Construction Heavy Industry Corporation Limited(688425) has full process tunnel drilling and blasting construction equipment. Its products can go to the sectorau, drill deep mountains and cross the Gobi. It is known as the "special force" of engineering construction.

China Railway Construction Heavy Industry Corporation Limited(688425) in the recent research summary, it is said that under the background of moderately advanced infrastructure investment by the state, local governments are increasing investment in infrastructure and manufacturing, and many provinces are starting the investment and construction of major projects. In the process of running the market at the beginning of the year, the business department of the company felt that the bidding process of the owner was significantly accelerated in sectorau railway, Guangdong Hong Kong Macao Great Bay area, Yangtze River Delta and other regions.

Over the past year, China Railway Construction Heavy Industry Corporation Limited(688425) emerging industries have developed rapidly. While maintaining the steady growth of traditional advantageous industries such as tunnel boring machines and rail transit equipment, China Railway Construction Heavy Industry Corporation Limited(688425) emerging industries such as high-end agricultural machinery, mining equipment and intelligent tunnel construction equipment have achieved large-scale sales.

The data show that the operating revenue of China Railway Construction Heavy Industry Corporation Limited(688425) high-end agricultural machinery sector increased significantly year-on-year in 2021, and the market share of Liuxing cotton picker ranked first among domestic cotton pickers; The operating revenue of mining equipment in 2021 increased by about 100% year-on-year; Intelligent rock drilling jumbo has steadily occupied the sectorau railway market.

It is worth mentioning that in China Railway Construction Heavy Industry Corporation Limited(688425) 2021, the R & D expenditure was 678 million yuan, a year-on-year increase of 22.53%, and the proportion of R & D investment in operating revenue was 7.12%.

It is reported that China Railway Construction Heavy Industry Corporation Limited(688425) has successfully developed 27 "national heavyweights" such as the domestic largest diameter earth pressure balance shield machine "Jinxiu" and the domestic first 6m cutting silage machine. China Railway Longchang Railway Equipment Co., Ltd., a wholly-owned subsidiary of the company, has been listed in the third batch of specialized and new "little giants" of the Ministry of industry and information technology, The company's "tunnel intelligent manufacturing solution based on intelligent equipment" was selected into the list of excellent solutions for industrial Internet app of the Ministry of industry and information technology of the people's Republic of China, and the company's "high-end intelligent cotton picker manufacturing technology" was successfully selected into the 2021 "science and innovation China" breakthrough short board key technology list of China Association for science and technology.

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