On February 25, China Railway Construction Heavy Industry Corporation Limited(688425) released the annual performance express of 2021. According to the announcement, the company achieved a total operating revenue of 9.517 billion yuan in 2021, a year-on-year increase of 25.05%; The net profit attributable to the parent company was 1.735 billion yuan, a year-on-year increase of 10.74%; Deduct non net profit of RMB 1.575 billion, with a year-on-year increase of 12.53%.
The company said that during the reporting period, all operating performance showed an increasing trend, mainly due to three aspects. The first is the rapid development of emerging industries. While maintaining the steady growth of traditional advantageous industries such as tunnel boring machines and rail transit equipment, emerging industries such as high-end agricultural machinery, mining equipment and intelligent tunnel construction equipment have achieved large-scale sales. The operating revenue of high-end agricultural machinery has increased significantly in 2021, and the market share of Liuxing cotton picker ranks 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.
The second is the remarkable achievements in market development. 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.
In addition, the company’s scientific and technological strength continues to increase. In 2021, China Railway Construction Heavy Industry Corporation Limited(688425) R & D expenditure was 678 million yuan, a year-on-year increase of 22.53%, and R & D investment accounted for 7.12% of operating revenue. China Railway Longchang Railway Equipment Co., Ltd., a wholly-owned subsidiary of the company, was 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.
It is noteworthy that recently China Railway Construction Heavy Industry Corporation Limited(688425) received Zheshang Securities Co.Ltd(601878) and other institutions for research, and the company had relevant exchanges with institutional investors on basic information, key business overview, core competitiveness, future development space and other contents. Some market participants believe that since the beginning of the year, major projects have been started one after another, China Railway Construction Heavy Industry Corporation Limited(688425) as a leading enterprise in high-end equipment manufacturing, it will benefit significantly under the expectation of steady growth.
