Chengdu Xinzhu Road&Bridge Machinery Co.Ltd(002480) : build Shengtian new energy into a new profit growth point

Chengdu Xinzhu Road&Bridge Machinery Co.Ltd(002480) released the record of investor relations activities on March 23, Chengdu Xinzhu Road&Bridge Machinery Co.Ltd(002480) said that green and low-carbon industry will be one of the company’s main directions in the future Chengdu Xinzhu Road&Bridge Machinery Co.Ltd(002480) acquired 51.60% shares of Shengtian new energy to cut into the photovoltaic power generation industry and lay out green and low-carbon industries. Shengtian new energy is the largest photovoltaic power generation enterprise in Sichuan and has a good industrial foundation. In the future, relying on the advantages of state-owned capital operation platform and photovoltaic resources in Sichuan Province, the company will build Shengtian new energy into a new profit growth point of the company.

Embedded maglev is also one of the main directions of the company’s business. It has unique advantages in the field of new standard rail transit, such as low noise, green and environmental protection. However, since the industrial client of rail transit is the local government, the industrial development is still affected by the debt of the local government and has a certain impact on the market promotion. At present, the company’s market promotion of this business focuses on the Shuangcheng economic circle in Chengdu and Chongqing and Fuyang market.

Chengdu Xinzhu Road&Bridge Machinery Co.Ltd(002480) believes that maglev will lead the future rail transit technology. At present, Sichuan Province and Chengdu attach great importance to the development of maglev, and the company’s goal at this stage is to achieve market breakthrough.

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