On April 29, Crrc Corporation Limited(601766) released the first quarter report of 2022. In the first 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%.
Urban rail and urban infrastructure business and Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) business achieved steady growth in the first quarter, overseas business orders increased significantly year-on-year, and scientific and technological innovation also continued to increase, once again consolidating the leading position of Crrc Corporation Limited(601766) rail transportation equipment.
urban rail and urban infrastructure business grew steadily, and overseas business orders surged 77% year-on-year
Relying on railway equipment business, urban rail and urban infrastructure business, Shenzhen New Industries Biomedical Engineering Co.Ltd(300832) business, modern service business and international business, Crrc Corporation Limited(601766) has become a global leading rail transit equipment supplier with complete varieties and first-class technology.
In the first quarter of 2022, due to the continuous impact of covid-19 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 in that quarter, a certain decrease year-on-year.
From the performance and change reasons of each specific business segment, the financial report revealed that from January to March 2022, 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.
From January to March 2022, Crrc Corporation Limited(601766) signed about 52.2 billion yuan of new contracts, 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.
Winter Olympics train strength, consolidate the position of rail transit equipment industry, and continuously invest in scientific and technological innovation
According to the financial report, the R & D expenses of Crrc Corporation Limited(601766) in the first quarter of this year were 1.881 billion yuan. At present, Crrc Corporation Limited(601766) has created a two-level R & D management mode of “centralized technology research, joint product development and capacity co construction and sharing”.
In this quarter, Crrc Corporation Limited(601766) the Winter Olympic train tailored for the Beijing Winter Olympic Games and the winter Paralympic Games attracted a lot of attention. The train successfully completed the transportation task of connecting the core competition areas and became a bright business card at the Olympic Games.
For the first time in the world, the Winter Olympic train has achieved driverless driving at a speed of 350 kilometers per hour. It has applied the Beidou satellite navigation system independently developed by China for the first time. It has many advanced functions such as automatic departure at stations and automatic operation in sections. It is not afraid of severe cold or sandstorm weather. Meanwhile, Crrc Corporation Limited(601766) also created a 5g ultra-high definition studio on the special train for the Winter Olympics to realize the functions of guest interview, full carriage mobile live broadcast report, long-term and stable transmission of ultra-high definition signal and so on. This makes Crrc Corporation Limited(601766) ‘s technological innovation strength attract world attention.
Crrc Corporation Limited(601766) party secretary and Chairman Sun Yongcai said in an interview with the media at the beginning of this year that Crrc Corporation Limited(601766) will continue to increase investment in science and technology this year and pursue Chinese equipment, Chinese speed and a new level 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.
In the future, Crrc Corporation Limited(601766) will actively implement the strategy of building a strong 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.
