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Public company info - China Railway Signal & Communication Corporation Ltd. -H Shs , 03969.HK
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China Railway Signal & Communication Corporation Ltd. -H Shs, 03969.HK - Company Profile
Chairman ZHOU Zhiliang
Share Issued (share) 1,969,000,000
Par Currency Renminbi
Par Value 1.0
Industry System Applications & IT Consulting
Corporate Profile Business Summary: The Group is primarily engaged in rail transportation control system projects in the PRC. Performance for the year: During the year, the Company recorded RMB70.61 billion for newly signed contracts, representing a year-on-year increase of 3.4%, operating revenue of RMB41.646 billion, representing a year-on-year increase of 4.08%, and net profit of RMB4.177 billion, representing a year-on-year increase of 12.38%. Business Review： The Company has been working in the field of rail transportation control system for many years and has formed a stable and efficient business model in line with China’s railway and urban transit policies, operation mode and market environment. The Company mainly obtains orders through public bidding, and mainly obtains production raw materials through centralized procurement. The Company provides integrated and comprehensive services of rail transportation control system to its customers under the mature business mode of design and integration, equipment manufacturing and system implementation. 1. Sales mode The Company takes advantage of industry technology and the whole industry chain, actively participates in domestic and foreign user procurement activities with the aim of responding to users’ needs and providing highly secure and reliable products and services, and obtains product and service orders through market competitions such as bidding and business negotiation. 2. Production and service mode The production and service mode adopted by the Company in design and integration, equipment manufacturing and system implementation etc. is mainly formed in line with the overall operation mode of railway and urban transit system in the PRC, and customized production and service can also be provided according to the specific needs of owners. The Company provides relevant products and services in strict accordance with the contract requirements on schedule and quality. 3. Purchase mode The Company strictly follows relevant national laws and regulations and standardizes various procurement activities in accordance with the Administrative Measures for the Procurement in China Railway Signal & Communication Corporation Limited* (《中國鐵路通信信號股份有限公司採購管理辦法》). Procurement methods mainly include public tender, tender invitation, competitive negotiation, inquiry and bidding, etc., and the Company will select the applicable procurement methods according to the specific conditions of projects to ensure procurement efficiency. The Company mainly implements a centralized procurement system, under which the Company’s engineering management center acts as the centralized management department for procurement activities and is responsible for formulating the relevant system of procurement management, monitoring and reviewing the procurement activities at various levels of the Company. The centralized procurement system is carried out at two levels, including two modes, namely the centralized procurement by the Company’s headquarter and the centralized procurement by subordinate secondary enterprises. Secondary enterprises also have a sound procurement management system, under which the procurement activities of subordinate enterprises are independently and centrally managed by the specialized procurement department. Prospects: In the railway sector, due to the impact of the epidemic in 2020, the bidding for some projects has been postponed to 2021. Coupled with the proposed bidding for railway infrastructure poststation projects in 2021, it is expected that the contracting of the Company’s railway market will basically remain stable, and the Company will increase its efforts in contracting for the market and strive for better growth. In the urban transit sector, with most of the projects approved during the 13th Five-Year Plan period entering the mid-to-late stage of implementation, the market for metro signal control is expected to basically remain stable in 2021, in line with the forecast of CAM. The Company will further consolidate the existing market and make every effort to expand the market of non-traditional dominant cities. In addition, the Company will closely follow the planning and layout of local governments in the low-capacity rail transportation market in the urban transit sector to seize market opportunities and strive to gain market share. In the general contracting sector, the Company will continue to adhere to the principle of giving equal emphasis to the main business and gross pro¬t margin, focus on the “New Infrastructure” national strategy, evaluate prudently and strive for quality projects. In overseas markets, given that the epidemic overseas has not yet been effectively controlled, it may continue to be affected to a certain extent, but the Company’s primary market layout has basically been completed, and the Company will actively take the initiative through existing channels and further expend the overseas business.

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