Recently, China Railway released an announcement on the operation of the first quarter of 2024:
In the first quarter of 2024, China Railway signed new contracts of 621.64 billion yuan, a year-on-year decrease of 6.9%, of which 572.41 billion yuan were signed in China and 49.23 billion yuan were signed overseas, a year-on-year increase of 23%. As I talked about in the previous article, since entering 2024, I have clearly felt the decline of the domestic infrastructure industry, which can be seen from the business reports of many construction central enterprises in the first quarter. It can be seen that China Railway has achieved a major breakthrough in the first quarter overseas under domestic pressure, demonstrating its strong operating strength.
Regional distribution of orders
As can be seen from the above figure, China Railway's orders mainly come from Guangdong, Hubei, Anhui, Shandong, Jiangsu, Zhejiang, Yunnan, Shaanxi and other regions. Among the important government-enterprise interactions are:
On February 28, 2024, Chen Yun, Secretary of the Party Committee and Chairman of China Railway, and Wang Kai, Deputy Secretary of the Henan Provincial Party Committee and Governor of Henan Province, held talks at the company's headquarters, and the two sides conducted in-depth exchanges on further deepening strategic cooperation, promoting the construction of key projects, and helping local economic development, and reached an important consensus. The two sides will deepen cooperation in the construction of three-dimensional transportation systems such as rail transit, highways, aviation and shipping, as well as urban construction represented by the "three major projects", and set a new benchmark for cooperation between central enterprises and local governments.
On March 11, 2024, Chen Yun, Secretary of the Party Committee and Chairman of China Railway, Chen Wenjian, President and Deputy Secretary of the Party Committee, Yu Hongtao, Member of the Standing Committee of the Heilongjiang Provincial Party Committee and Secretary of the Harbin Municipal Party Committee, and Zhang Qixiang, Deputy Secretary of the Municipal Party Committee and Mayor of the Company, held talks at the headquarters of the joint-stock company. China Railway will give full play to its professional advantages, gather advantageous resources in urban transformation, urban renewal, water and environmental protection, rail transit, agricultural projects and other fields, and make every effort to promote the implementation of major projects.
A partial list of major projects
The hard power of China Railway
China Railway Corporation Limited is a super-large enterprise group integrating survey and design, construction and installation, industrial manufacturing, real estate development, resource utilization, financial investment and other emerging businesses, headquartered in Beijing, China. As one of the world's largest construction contractors, China Railway has been ranked among the world's top 500 enterprises for 18 consecutive years, ranking 39th in the Fortune Global 500 and 10th in the Fortune Global 500 in 2023.
China Railway has a history of more than 100 years. In March 1950, it was the General Administration of Engineering and Design of the Ministry of Railways of China, and later changed to the General Administration of Capital Construction of the Ministry of Railways. In July 1989, with the approval of the State Council, the State Administration of Capital Construction was abolished and the China Railway Engineering Corporation was established. In September 2000, it was separated from the Ministry of Railways and transferred to the Central Large Enterprise Working Committee for management. In May 2003, the State-owned Assets Supervision and Administration Commission of the State Council assumed the functions of the investor. On September 12, 2007, China Railway Engineering Corporation exclusively initiated the establishment of China Railway Corporation Limited, and was listed on the Shanghai Stock Exchange and the Hong Kong Stock Exchange on December 3 and December 7, 2007 respectively. In December 2017, it was restructured from a wholly state-owned enterprise to a wholly state-owned company and renamed China Railway Engineering Group Co., Ltd.
China Railway has participated in the construction of more than two-thirds of China's total railway mileage, 90 percent of China's electrified railways, about one-eighth of China's total highway mileage, and three-fifths of China's urban rail projects.
China Railway's business scope covers almost all areas of capital construction, including railways, highways, municipal, housing construction, urban rail transit, water conservancy and hydropower, airports, ports, terminals, etc., and can provide a package of turnkey services for "vertical integration" in the construction industry. In addition, the company has implemented a limited related diversification strategy, and has also achieved good development in survey, design and consulting, industrial equipment and parts manufacturing, real estate development, mineral resources development, highway operation, finance and other businesses.
China Railway has accumulated rich experience in the R&D and manufacturing of extra-large bridges, deep-water bridges, long tunnels, railway electrification, bridge steel structures, shields and high-speed turnouts, and the construction of test sites, and has formed unique management and technical advantages. In terms of bridge construction technology, a number of construction technologies are at the world's advanced level, tunnel and urban subway construction technologies are at the leading level in China, and some technologies have reached the world's advanced level, and railway electrification technology represents the highest level in China.
I wish China Railway more and more brilliant!