On April 9, China National Railway Group Co., Ltd. released data. In the first quarter of this year, the national railway fixed asset investment completed 106.5 billion yuan, a year-on-year increase of 3.1%; 447 kilometers of new railway lines have been opened, including 233 kilometers of high-speed railway. In addition to railway investment, investment in infrastructure such as water conservancy accelerated significantly in the first quarter of this year, driving a significant increase in new orders signed by infrastructure listed companies. Many listed companies actively adjust their strategic layout, grab infrastructure investment and accelerate the "tuyere".
investment accelerated significantly
"In the first quarter, the national railway fixed asset investment, especially the railway infrastructure investment, was over completed, and important progress was made in key projects." The head of the development and Reform Department of China Railway Group said that after the full line of Sichuan Tibet railway was started at the end of last year, a comprehensive construction climax was formed in the first quarter of this year. The East-West sections of Ya'an Xinduqiao and Bomi Linzhi formed a continuous capacity, and the key projects of the middle section of Xinduqiao Bomi were promoted in an orderly manner.
In the next step, China Railway Group will thoroughly implement the outline of the 14th five year plan of the railway, implement the investment tasks of overall construction, equipment purchase, renewal and transformation, promote the planning and construction of key projects such as Sichuan Tibet railway, riverside and coastal high-speed railway with high quality, and ensure the completion of the investment task of fixed assets throughout the year.
In addition to railway investment, investment in water conservancy also accelerated significantly in the first quarter of this year.
On April 8, Wei Shanzhong, Vice Minister of water resources, introduced at the press conference of the state information office that the investment in water conservancy projects can be completed by about 800 billion yuan in 2022. We will focus on promoting the preliminary work of 55 major water conservancy projects, implement the danger removal and reinforcement of more than 1700 dangerous reservoirs, and implement the continuous construction, supporting and modernization of about 570 large and medium-sized irrigation areas. Zhang Xiangwei, director of the planning department of the Ministry of water resources, said that from January to March this year, the national water conservancy investment reached 107.7 billion yuan, a year-on-year increase of 35%.
According to the data disclosed by various places, in the first quarter of this year, the investment in transportation fixed assets in Hunan Province reached 17.621 billion yuan, a year-on-year increase of 78.10%; Anhui Province completed 19.29 billion yuan of fixed asset investment in transportation, a year-on-year increase of 32.4%; The investment in roads and waterways in Hainan Province was 3.93 billion yuan, 1.34 times the investment task of 2.93 billion yuan in the first quarter, a year-on-year increase of 63.6%.
According to the data of the previous two months, the investment has achieved a "good start". According to the data of the National Bureau of statistics, in the first two months of this year, the national fixed asset investment (excluding farmers) increased by 12.2% year-on-year. Among them, infrastructure investment increased by 8.1% year-on-year.
For the reasons for the rebound in investment, Fu Linghui, spokesman of the National Bureau of statistics and director of the Department of comprehensive national economic statistics, said that according to the deployment, all localities should carry out infrastructure investment moderately ahead of schedule. We will actively promote investment in key water conservancy projects, comprehensive three-dimensional transportation networks, important energy bases and facilities.
prosperity improvement
Recently, a number of infrastructure listed companies disclosed the new contracts signed in the first quarter or the performance forecast in the first quarter, and the new orders increased significantly.
On April 8, China Railway Group Limited(601390) released the announcement of main business data in the first quarter of 2022. From January to March, China Railway Group Limited(601390) newly signed contracts reached 605.74 billion yuan, an increase of 84% year-on-year. Among them, the number of newly signed projects for infrastructure construction reached 1591, and the newly signed contract amount reached 543.45 billion yuan, a year-on-year increase of 94.1%.
Xinjiang Beixin Road & Bridge Group Co.Ltd(002307) 2022 first quarter construction business briefing shows that the company won the bid and signed 12 projects in the first quarter, with an amount of about 5.759 billion yuan; By the end of the reporting period, a total of 105 uncompleted projects had been signed, with an amount of about 37.664 billion yuan.
Anhui Gourgen Traffic Construction Co.Ltd(603815) it is estimated that the operating revenue in the first quarter of this year will reach 856 million yuan to 955 million yuan, with a year-on-year increase of 30% to 45% after retroactive adjustment of the data in the same period last year; The net profit attributable to the parent company was 28.82 million yuan to 32.02 million yuan, with a year-on-year increase of 35% to 50% after retrospective adjustment of the data in the same period last year.
Anhui Gourgen Traffic Construction Co.Ltd(603815) said that the main reasons for the performance increase in this period include: benefiting from the implementation of the national infrastructure investment policy in a moderate advance, the prosperity of the company's industry has improved, and the amount of new contract orders in 2021 reached 8.155 billion yuan (excluding the amount of new M & a companies and PPP projects), which effectively guaranteed the sufficient construction projects and the steady growth of main business during the reporting period. In 2022, the amount of new contract orders of the company reached 1.79 billion yuan, and the business situation continued to improve.
seize market opportunities
Benefiting from infrastructure investment, relevant listed companies adjusted their strategic layout and seized market opportunities.
Many listed companies are optimistic about increasing infrastructure investment to stimulate market demand Sany Heavy Industry Co.Ltd(600031) chairman Xiang Wenbo told the reporter of China Securities Journal: "it is a great opportunity for the construction machinery industry to invest moderately ahead of schedule. It is expected that the construction machinery industry will develop well in 2022." Hangxiao Steel Structure Co.Ltd(600477) Secretary song Beibei said that "counting from the east to the west" will stimulate a lot of new investment, and the fabricated steel structure is the main material for the construction of the data center, and the company will actively participate in the construction of new projects.
On April 8, China Railway Prefabricated Construction Co.Ltd(300374) in the disclosed record of investor relations activities, said that benefiting from a new round of infrastructure investment, the company is fully promoting reform and will give full play to the advantages of the whole ecological industrial chain, seize market opportunities, strive for more orders and ensure the rapid development of the enterprise.
Cimc Vehicles (Group) Co.Ltd(301039) announced that China's moderately advanced infrastructure investment will support the demand for special vehicle loading. With the increase of the amount and issuance speed of special bonds of local governments, the demand for special vehicles for construction machinery is stable. In order to achieve a further breakthrough in China's market share, the company timely integrates the internal special vehicle loading resources and brands. The company will reduce costs and increase efficiency by accelerating the construction of high-end manufacturing system for special vehicle loading.
Guotai Junan Securities Co.Ltd(601211) securities research report said that benefiting from steady growth and overweight, infrastructure investment will accelerate after the epidemic is alleviated. Market expansion, leading companies have strong competitive advantages, and the performance is expected to exceed expectations.
