On April 29, Crrc Corporation Limited(601766) released the first quarter report of 2022. In this quarter, Crrc Corporation Limited(601766) achieved an operating revenue of 30.648 billion yuan and a net profit attributable to shareholders of listed companies of 220 million yuan. As of March 31, 2022, Crrc Corporation Limited(601766) total assets reached 428402 billion yuan, with a year-on-year increase of 0.37%.
During the reporting period, affected by the epidemic, the delivery volume of railway passenger transport related equipment business decreased year-on-year, Crrc Corporation Limited(601766) actively responded and achieved an operating revenue of 30.648 billion yuan, a certain decrease year-on-year.
From the performance and changes of each specific business segment, from January to March, Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) business accounted for the largest proportion of revenue, accounting for 41.16% of the total revenue. During the reporting period, the revenue was RMB 12.613 billion Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) business mainly includes electromechanical business and emerging industry business. Although the revenue of wind power products decreased slightly in this quarter, Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) business has become an important part of Crrc Corporation Limited(601766) business.
Urban rail and urban infrastructure business mainly includes urban rail vehicles, urban rail engineering general contracting and other engineering general contracting. This business segment achieved an operating revenue of 11.108 billion yuan in the first quarter of this year, accounting for 36.24% of the total revenue, with a year-on-year increase of 19.73%, showing a steady growth trend.
In the first quarter, Crrc Corporation Limited(601766) newly signed orders were about 52.2 billion yuan, including 9.4 billion yuan of international business contracts, a significant increase of 77.36% over 5.3 billion yuan in the same period in 2021, showing a strong growth momentum and laying a more solid foundation for Crrc Corporation Limited(601766) exploring more international markets.
Previously, the international business order contracts disclosed by Crrc Corporation Limited(601766) include the locomotive sales contract of about 4.47 billion yuan signed between the subsidiary foslow locomotive and Germany railway freight company, the truck sales contract of about 800 million yuan signed between the subsidiary CRRC international and Tanzania railway, and the truck sales contract of about 410 million yuan with Bangladesh railway and Mozambique port and railway About 300 million yuan truck sales contract with German Federal Railway and German railway freight company.
In the first quarter, Crrc Corporation Limited(601766) the R & D cost was 1.881 billion yuan Sun Yongcai, Secretary of the Crrc Corporation Limited(601766) Party committee and chairman of the board, said that Crrc Corporation Limited(601766) will continue to increase investment in science and technology this year and pursue Chinese equipment, Chinese speed and new steps created by China from the six aspects of “more advanced, faster, smarter, greener, safer and more comfortable”.
According to the plan of Crrc Corporation Limited(601766) , there will be 16 major scientific and technological projects during the “14th five year plan”, including not only the new generation of higher speed intelligent EMUs, but also the R & D direction of high-speed maglev.
In the previously released 2021 annual report, Crrc Corporation Limited(601766) in 2021, the operating revenue was 225732 billion yuan, and the net profit attributable to the owner of the parent company was 10.303 billion yuan Crrc Corporation Limited(601766) for many consecutive years, the sales scale of rail transit equipment business ranks first in the world.
The company said that in the future, Crrc Corporation Limited(601766) will actively implement the strategy of becoming a powerful transportation country, based on the new development stage, actively adapt to the new environment and changes, seize market opportunities, strive to achieve new breakthroughs in business layout, market expansion, scientific and technological innovation, reform and innovation, management improvement, combination of industry and finance and other aspects, and further consolidate the position of rail transit equipment industry.
