Tieke Track: Will actively carry out the research and development of new-generation high-speed rail fasteners and other products and market expansion

time:2022-12-09 19:03:51source:chakarski.com author:Market analysis
Tieke Track: Will actively carry out the research and development of new-generation high-speed rail fasteners and other products and market expansion

On the afternoon of September 23, the semi-annual collective performance briefing session of the Science and Technology Innovation Board - a special session for central enterprises in the Northern Base was held online. At this briefing, Tieke Railroad (688569) communicated with investors on hot issues such as the progress of fundraising projects and future business improvement plans. According to reports, Tieke Track was listed on the Science and Technology Innovation Board on August 31, 2020, and the controlling shareholder is China Academy of Railway Sciences Group Co., Ltd. The main business of the listed company is the research and development, production and sales of high-speed railway engineering products with high-speed railway fasteners as the core. Ji, Harada, Huzhang, Taijiao, Xuyan, Shanghehang, Wenfu, Xiamen-Shenzhen, Pearl River Delta Intercity, Lanxin, Yinxi, Guiguang, Yawan, Mimeng and other high-speed railways. The financial report shows that in the first half of this year, the company achieved an operating income of 601 million yuan, a year-on-year increase of 49.44%; in the same period, it achieved a net profit of 112 million yuan, a year-on-year increase of 206.12%. In the first half of the year, the company's newly signed contracts totaled 250 million yuan, and the main lines were Ji-Dayuan Railway, Lai-Rong Railway, Ji-Lai High-speed Railway and other lines; as of June 30, 2022, the company's outstanding orders amounted to 1.897 billion yuan. While the company's performance is growing steadily, the outside world is also paying attention to the progress of the IPO investment project. At this briefing, some investors asked: the company's new stock offering project is scheduled to reach production in August. Excuse me, has the project been put into production on schedule now? How to plan and implement capacity ramping and market expansion? In this regard, Tieke Railway explained that due to the adverse impact of the epidemic, the supply cycle of some equipment purchased by one of the company's fundraising projects "annual production of 18 million pieces of high-speed rail equipment and accessories" has been extended, and some equipment has entered the site. And the acceptance time is delayed than planned. The company has previously disclosed that it will postpone the date when the "annual production of 18 million pieces of high-speed rail equipment and accessories" reaches the intended state of use. At present, the company is accelerating the implementation of the project, and the fundraising project is planned to be completed before June 30, 2023. According to reports, the promotion of fundraising projects is crucial to the company's strategic planning. Tieke Rail stated that the company insists on high-speed rail fasteners as its core products and high-speed rail engineering as its main application field. With the advancement of the company's investment project "Beijing R&D Center Construction Project", the company will focus on the Beijing R&D Center, increase investment in scientific and technological innovation, continue to strengthen scientific and technological innovation, and focus on high-speed rail fasteners, urban rail and other products in terms of products. Continuous research and development of products such as subway vibration reduction and noise reduction will be carried out to promote product upgrades and iterations, and maintain the leading edge in market technology. Combined with the company's fundraising project "Beijing R&D Center Construction Project" and Tianjin Wuqing "annual output of 18 million pieces of high-speed rail equipment and accessories project", it has formed the Beijing headquarters as the management and R&D core, with Tianjin, Liaoning, Hebei and other regions. , Subsidiaries are the operation structure of production and transformation bases, and promote the integrated operation of the company headquarters and subsidiary companies. At the briefing, some investors also asked the company's views on the industry and how Tieke Railway can maintain healthy development? According to the data listed by Tieke Track, according to the "14th Five-Year Plan for the Development of Modern Comprehensive Transportation System" issued by the State Council in January 2022, it is expected that by the end of 2025, the national railway operating mileage will reach about 165,000 kilometers, of which high-speed railway (including some intercity railways) about 50,000 kilometers; according to the "Outline of the Advance Planning of Railways in the New Era of Traffic Power" released in July 2020, by 2035, the planning target for high-speed rail construction is about 70,000 kilometers. "my country's large-scale high-speed rail construction has ensured the market demand for high-speed rail fasteners. At the same time, as the operating years of existing high-speed rail lines increase year by year, the market demand for maintenance and replacement of high-speed rail fasteners will gradually increase in the future. The company will actively develop a new generation of high-speed rail fasteners, urban The research and development and market expansion of rail and subway rail vibration reduction products will continue to maintain the company's healthy development." Tieke Rail said.
Related content