Guangdong Huatie Tongda High-Speed Railway Equipment Corporation(000976) 4 on April 29, the annual report for 2021 was released, with a revenue of 1.989 billion yuan and a net profit attributable to the parent company of 395 million yuan. The main business of high-speed railway accessories manufacturing and sales revenue accounted for more than 99%, the comprehensive gross profit margin remained stable, and the operating cash flow continued to improve.
The top three products in terms of revenue are high-speed rail seats, water supply and sanitation systems and accessories, auxiliary power supply systems and accessories, with revenue of 668 million yuan, 438 million yuan and 371 million yuan respectively, of which seat and power related products increased by more than 15% year-on-year.
The company adheres to the manufacturing and sales of core parts of rail transit vehicles as its main business. While maintaining the steady development of its main business (paying equal attention to both new manufacturing and maintenance market), the company actively explores new business fields and enters the core technology field of China’s high-speed railway.
The company has developed, designed and successfully delivered a variety of vehicle products for the new Fuxing smart bullet train, Beijing Winter Olympic special train, Beijing Zhangjiakou and Beijing Xiong smart bullet trains, and 600 km / h maglev train.
Hunan bokerui New Material Co., Ltd., the core subsidiary of the company, has successfully obtained the CRCC trial certificate of Fuxing cr300 and cr400 series EMUs. So far, the application field of the company’s brake pads has been expanded to 14 kinds of EMU models and maglev trains with a speed of 200 kilometers per hour, including harmony, Fuxing and the mainstream models of intercity trains.
In 2021, the company undertook the third, fourth and fifth level repair projects of Crrc Corporation Limited(601766) and its subordinate main engine plants, National Railway Group and its subordinate Railway Bureau, involving products including water supply power supply system, standby power supply system, seat system, door, air conditioning (some processes), etc. The company has set up maintenance bases in Qingdao, Changchun, Chengdu, Jiangmen, Tangshan and other places, with more than 80 after-sales service outlets and more than 10 maintenance service stations nationwide, covering 45 cities or regions, and fully cooperate with the local maintenance requirements of the main engine factory.
In 2021, the company actively explored the international market and has undertaken a number of overseas projects. The China Laos railway business seat project undertaken by Shandong Jiatai, the core subsidiary of the company, has been successfully delivered in March this year. Other products of the company, such as standby power supply system and floor cloth, have also achieved overseas supply performance.
In the first quarter of 2022, the company achieved a revenue of 284 million yuan, and the net profit attributable to the parent company increased by 11.01% year-on-year.
