China Railway Construction Corporation Limited

1186.HK

1186.HKChina Railway Construction Corporation Limited HK flag

HKSE

5.40

HKD

+0.13

(+2.47%)

1.55EPS

3.48P/E

115.42BMarket Cap

Mar 26Next Earn

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ISIN

CNE100000981

CUSIP

Y1508P110

Return %

Stock

S&P500

30.75

25.08

-6.25

37.88

-34.23

82.82

Use logarithmic scale

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	37.27	39.29	47.65	48.03	46.54	46.3	49.2	51.29	57.56	60.98	66.1	72.32	75.44	72.16
Basic EPS, GAAP	0.64	0.7	0.84	0.95	0.98	1.03	1.16	1.26	1.4	1.5	1.6	1.76	1.73	1.48
Free Cash Flow per Basic Share	-2.01	-0.47	-2.19	-1.22	1.8	0.54	-0.35	-1.89	0.54	0.58	-2.6	1.71	-0.96	-2.61
Dividend per Share	0.39	0.55	0.63	0.95	0.9	0.76	0.85	0.89	1.01	1.1	1.19	1.19	1.29	1.46
Book Value per Share	2.42	2.99	3.7	4.56	5.27	5.86	6.65	7.47	8.39	9.18	10.05	11.58	12.95	13.54
Tangible Book Value per Share	4.8	5.26	5.94	6.7	7.2	7.57	9.93	10.99	14	16.26	18	21.32	23.02	21.46
Basic Weighted Avg Shares	12,272	12,327	12,315	12,352	12,904	13,592	13,842	14,234	14,427	14,929	15,432	15,160	15,085	15,100
Sales/Revenue/Turnover	457,366	484,313	586,790	593,303	600,539	629,327	680,981	730,123	830,452	910,325	1,020,010	1,096,313	1,137,993	1,089,655
Operating Margin (%)	2.71	2.99	2.98	3.49	4.03	3.42	4.04	4.61	4.31	4.2	4.72	4.92	5.04	4.93
Depreciation Expense	9,388	9,689	9,906	10,736	11,117	12,115	12,299	13,613	17,568	17,348	18,083	20,240	20,979	- -
Net Income, GAAP	7,854	8,629	10,345	11,735	12,645	14,000	16,057	17,935	20,197	22,393	24,691	26,681	26,097	22,373
Effective Tax Rate (%)	21.62	21.63	19.94	22.36	21.85	21.71	20.4	20.98	19.28	18.36	16.6	15.94	16.74	17.2
Profit Margin (%)	1.72	1.78	1.76	1.98	2.11	2.22	2.36	2.46	2.43	2.46	2.42	2.43	2.29	2.05
Working Capital	41,582	47,475	80,156	91,104	91,369	120,301	68,784	56,938	66,835	91,143	76,318	75,415	66,700	48,287
LT Debt	30,611	31,390	71,685	80,999	78,457	113,934	94,505	111,984	117,241	139,807	147,469	163,963	200,733	254,816
Total Equity	65,719	73,207	83,825	105,183	128,819	148,716	177,843	207,335	262,022	313,639	346,493	385,920	417,120	419,405
Return on Invested Capital (%)	7.64	7.27	7.28	6.55	6.71	5.58	6.83	7.16	6.67	6.31	7.25	7.46	6.9	5.22
Return on Capital (%)	11.94	10.81	10.09	8.23	7.08	6.8	7.52	6.88	6.53	6.05	5.7	5.36	4.45	3.28
Return on Common Equity (%)	30.14	25.94	25.1	23.04	20.35	18.96	18.7	18.08	17.76	17.35	16.9	16.14	14.07	11.36

Capital Structure

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in mil. unless spec.

Working Capital

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in mil. unless spec.

Growth Rates

FRC

•

in mil. unless spec.

(avg. rate of change)	10 years	5 years	1 year
Sales/Revenue/Turnover	6.92%	9.34%	3.8%
Net Income, GAAP	9.79%	7.92%	-2.19%
Free Cash Flow	-107.25%	-199.46%	-156.07%
Total Cash Common Dividend	10.63%	9.22%	7.99%
Total Equity	17.56%	15.2%	8.08%

Growth Rates

•

in mil. unless spec.

Quarterly Revenue

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in mil. unless spec.

Quarterly Earnings Per Share

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in mil. unless spec.

Quarterly Dividends Per Share

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in mil. unless spec.

Company Description

CEO: Mr. Hongbiao Zhu
Full Time Employees: 267,587
Sector: Industrials
Industry: Engineering & Construction
Address: East No. 40 Fuxing Road Beijing People's Republic of China 100855
IPO Date: Mar 13, 2008
Website: crcc.cn
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Business: China Railway Construction Corporation Limited, together with its subsidiaries, operates as an integrated construction company in Mainland China and internationally. It operates through five segments: Construction Operations; Survey, Design and Consultancy Operations; Manufacturing Operations; Real Estate Development Operations; and Other Business Operations. The Construction Operations segment engages in the construction of infrastructure, such as railways, highways, metropolitan railways, and real estate projects; and bridges, tunnels, airports, and wharfs, as well as housing, municipal engineering, water conservancy, and hydropower. The Survey, Design and Consultancy Operations segment provides survey, design, and consultancy services for civil engineering and infrastructure construction, such as railways, highways, and urban rail transport, etc. The Manufacturing Operations segment is involved in the research and development, production, and sale of mechanical equipment comprising railway track maintenance and tunnel boring machinery, as well as manufactures track system, etc. The Real Estate Development Operations segment engages in the development, construction, and sale of residential and commercial properties. The Other Business Operations segment includes trade and logistics, finance and insurance brokerage, and highway operations. The company was incorporated in 2007 and is headquartered in Beijing, the People's Republic of China. China Railway Construction Corporation Limited is a subsidiary of China Railway Construction Corporation.

	2011 Y	2012 Y	2013 Y	2014 Y	2015 Y	2016 Y	2017 Y	2018 Y	2019 Y	2020 Y	2021 Y	2022 Y	2023 Y	TTM
Revenue per Share	37.27	39.29	47.65	48.03	46.54	46.3	49.2	51.29	57.56	60.98	66.1	72.32	75.44	72.16
Basic EPS, GAAP	0.64	0.7	0.84	0.95	0.98	1.03	1.16	1.26	1.4	1.5	1.6	1.76	1.73	1.48
Free Cash Flow per Basic Share	-2.01	-0.47	-2.19	-1.22	1.8	0.54	-0.35	-1.89	0.54	0.58	-2.6	1.71	-0.96	-2.61
Dividend per Share	0.39	0.55	0.63	0.95	0.9	0.76	0.85	0.89	1.01	1.1	1.19	1.19	1.29	1.46
Book Value per Share	2.42	2.99	3.7	4.56	5.27	5.86	6.65	7.47	8.39	9.18	10.05	11.58	12.95	13.54
Tangible Book Value per Share	4.8	5.26	5.94	6.7	7.2	7.57	9.93	10.99	14	16.26	18	21.32	23.02	21.46
Basic Weighted Avg Shares	12,272	12,327	12,315	12,352	12,904	13,592	13,842	14,234	14,427	14,929	15,432	15,160	15,085	15,100
Sales/Revenue/Turnover	457,366	484,313	586,790	593,303	600,539	629,327	680,981	730,123	830,452	910,325	1,020,010	1,096,313	1,137,993	1,089,655
Operating Margin (%)	2.71	2.99	2.98	3.49	4.03	3.42	4.04	4.61	4.31	4.2	4.72	4.92	5.04	4.93
Depreciation Expense	9,388	9,689	9,906	10,736	11,117	12,115	12,299	13,613	17,568	17,348	18,083	20,240	20,979	- -
Net Income, GAAP	7,854	8,629	10,345	11,735	12,645	14,000	16,057	17,935	20,197	22,393	24,691	26,681	26,097	22,373
Effective Tax Rate (%)	21.62	21.63	19.94	22.36	21.85	21.71	20.4	20.98	19.28	18.36	16.6	15.94	16.74	17.2
Profit Margin (%)	1.72	1.78	1.76	1.98	2.11	2.22	2.36	2.46	2.43	2.46	2.42	2.43	2.29	2.05
Working Capital	41,582	47,475	80,156	91,104	91,369	120,301	68,784	56,938	66,835	91,143	76,318	75,415	66,700	48,287
LT Debt	30,611	31,390	71,685	80,999	78,457	113,934	94,505	111,984	117,241	139,807	147,469	163,963	200,733	254,816
Total Equity	65,719	73,207	83,825	105,183	128,819	148,716	177,843	207,335	262,022	313,639	346,493	385,920	417,120	419,405
Return on Invested Capital (%)	7.64	7.27	7.28	6.55	6.71	5.58	6.83	7.16	6.67	6.31	7.25	7.46	6.9	5.22
Return on Capital (%)	11.94	10.81	10.09	8.23	7.08	6.8	7.52	6.88	6.53	6.05	5.7	5.36	4.45	3.28
Return on Common Equity (%)	30.14	25.94	25.1	23.04	20.35	18.96	18.7	18.08	17.76	17.35	16.9	16.14	14.07	11.36

	Mar'24	Jun'24	Sep'24
Total Current Assets	1,104,650	1,105,990	1,139,108
Accounts Receivable, Net	178,091	180,180	204,717
Cash, Cash Equivalents & STI	150,823	160,268	162,948
Inventories	321,264	314,045	319,757
Total Current Liabilities	1,033,673	1,052,000	1,090,821
Payables & Accruals	- -	- -	- -
ST Debt	186,384	228,269	250,678
Deferred Revenue	- -	- -	- -

	Mar'24	Jun'24	Sep'24
ST Debt	186,384	228,269	250,678
LT Borrowings	207,456	228,085	250,727
LT Finance Leases	4,035	4,012	4,089
Preferred Equity and Hybrid Capital	- -	- -	- -
Shares Outstanding	13,580	13,580	13,580
Market Capitalization	61,917	72,800	73,614

Year	Q1	Q2	Q3	Q4	FY
2022	264,478	276,019	257,925	297,891	1,096,313
2023	273,539	267,521	265,403	331,530	1,137,993
2024	274,949	241,188	241,988	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.36	- -	- -	- -	1.76
2023	0.39	- -	- -	- -	1.73
2024	0.4	- -	- -	- -	- -

Year	Q1	Q2	Q3	Q4	FY
2022	0.22	- -	- -	- -	1.19
2023	0.23	- -	- -	- -	1.29
2024	0.28	- -	- -	- -	- -

China Railway Construction Corporation Limited

Growth Rates

(avg. rate of change)

Company Description

Working Capital

Capital Structure

Growth Rates

(avg. rate of change)

Quarterly Earnings Per Share

Year

Quarterly Revenue

Year

Quarterly Dividends Per Share

Year