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Public company info - CRCC High-Tech Equipment Corporation Ltd. - H Shares , 01786.HK

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CRCC High-Tech Equipment Corporation Ltd. - H Shares, 01786.HK - Company Profile
Chairman Liu Feixiang
Share Issued (share) 532,000,000
Par Currency Renminbi
Par Value 1.0
Industry Machinery & Equipment
Corporate Profile Business Summary: The Group is principally engaged in the manufacture and sale of large railway track maintenance machinery, and relevant parts and components, and the provision of overhaul services, railway line maintenance services, and rail vehicles engineering and technical services. Performance for the year: The Group’s revenue from core business decreased by RMB563.8 million or 26.73% from RMB2,109.2 million for the year ended 31 December 2019 to RMB1,545.4 million for the year ended 31 December 2020. Profit attributable to owners of the parent decreased by RMB100.0 million from RMB122.2 million for the year ended 31 December 2019 to RMB22.2 million for the year ended 31 December 2020. Basic earnings per share decreased from RMB0.08 for the year ended 31 December 2019 to RMB0.01 for the year ended 31 December 2020. Business Review: In 2020, under the impact of the unexpected epidemic, the Company’s major economic indicators secured steady progresses in the Group’s operation that were not nailed with ease, with an annual operating revenue of RMB1,545 million and a profit of RMB22 million. Over the past year, the Company clung to the Group’s vision of being responsible to the society, shareholders and employees. Under the leadership of the Board, the Company took measures to precisely implement epidemic prevention and control, focused on the fundamental missions of corporate development, further consolidated and managed “new framework”, embraced “new technology” of scientific research, persisted in expanding and developing “new markets”, and made ongoing efforts to improve the “new production model”, with all of the tasks making new achievements. It also fully reinforced the implementation of new frameworks and new measures of risk prevention and control, talent training and incentive orientation, further strengthened the construction of framework and system, and activated intrinsic motivation. A series of new products were developed. The world’s first TX-100 railway sewage suction truck won the China Excellent Industrial Design Gold Award; DC-16 multi-function tamping machines were exported to Korea, and the product spectrum was improved. The Company made breakthroughs in the subway and urban rail transit markets. The rail welding machines and grinding machines developed by the Company entered into Guangzhou and other subway benchmark cities in the PRC. The collective subway business achieved a brilliant start. The Company improved its capabilities of plan execution, on-site management, supply chain supporting and quality management based on its production capacity of large railway track maintenance machines, and the transformation to the production model of multi-batch and small-scale has achieved significant results. Moreover, the Company continued the Group’s efforts in fulfilling environmental and social responsibility by creating 181 jobs in a year and actively participating in social caring activities including blood donation and donating supplies to schools in impoverished areas, with a view to fulfil social responsibility in a better way. Prospects: In 2021, the Covid-19 epidemic will continue to have widespread effects globally. Despite the external situation faced by the Company is becoming more complex and ever-changing, amid a new development landscape with domestic circulation as main pillar and mutual promotion of local and foreign circulation, the outlook of rail transit maintenance and related industries is promising. The Company’s strength in steadily enhancing scientific and technological innovation in recent years will become its largest driving force to achieve high-quality development. As expected by the Directors, the Company will fully adapt to changes, deepen reform, consolidate its position in the “national railway, urban railway, overseas markets”, focus on making core and crucial technological breakthroughs, so as to achieve the Group’s goal of becoming a world-leading overall solution provider for large and intelligent track maintenance equipment with the Group’s determination and bravery.

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