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Public company info - Canggang Railway Limited , 02169.HK
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Canggang Railway Limited, 02169.HK - Company Profile
Chairman Liu Yongliang
Share Issued (share) 1,000,000,000
Par Currency Hong Kong Dollar
Par Value 0.01
Industry Road and Railway
Corporate Profile Business Summary: The group is an established and expanding local railway operator based in Hebei Province providing eastbound and westbound rail freight transportation services and other ancillary services, including loading and unloading, road freight transportation, operation, repair and maintenance of Special Service Lines, railway roadbed and other railway facility construction and certain other businesses. Performance for the year: The group’s revenue for the years ended December 31, 2017, 2018 and 2019, and the five months ended May 31, 2019 and 2020 was approximately RMB354.3 million, RMB386.9 million, RMB376.9 million, RMB150.2 million and RMB151.8 million, respectively. the group’s profit for the years ended December 31, 2017, 2018 and 2019, and the five months ended May 31, 2019 and 2020 was approximately RMB80.4 million, RMB81.5 million, and RMB69.5 million, RMB25.1 million and RMB30.0 million. Business Review Rail Freight Transportation: Rail freight transportation is the group’s core business. the group provide rail freight transportation services through the Canggang Railway Line, transporting a variety of cargo (primarily including coal and, to a lesser extent, petroleum, ore, and other cargo including PVC, asphalt and gravel) between Cangzhou and Port Huanghua and charging transportation fees for such services. Ancillary Businesses The group also engage in a number of other businesses related to the group’s main rail freight transportation business. Such businesses include: Loading and Unloading: To supplement the group’s rail freight transportation business, the group provide loading and unloading services for cargo transported by us or others through railway and road. Road Freight Transportation: During the Track Record Period the group also supplemented the group’s rail freight transportation business by providing road freight transportation services to transport cargo (i) between the stations on the Canggang Railway Line and the group’s customers’ premises; (ii) to/from the various piers of Port Huanghua both before and after transportation by railway/by sea; and (iii) between the group’s customers’ premises located at Port Huanghua to the Comprehensive Pier. Following issuance of the Action Plan the group have not been able to use road transportation to transport coal to Port Huanghua and, by the heating season of 2020, the same restrictions will apply to other bulk cargo in principle. Construction, Maintenance and Repair: the group provide construction, maintenance and repair services, primarily including operation, repair and maintenance of Special Service Lines and railway roadbed and other railway facility construction. Other Businesses: the group also provide certain additional ancillary services, primarily including car arrival service, freight agency, antifreeze treatment and scattering prevention of coal services. During the Track Record Period, the group also provided coal filtering services to some of the group’s customers. Prospects: (i) construct additional branch lines to expand the group’s business scale; (ii) upgrade and increase transportation efficiency of the group’s existing railway; and (iii) explore the potential for westbound transportation business and diversify the group’s sources of income.

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