Founded in November 2009, Beijing Tianyishangjia New Material Corp, Ltd is a leading supplier of sintered brake pads for high-speed EMUs in China. It mainly engages in the development, production and sales of sintered brake pads for high-speed EMUs, locomotives and urban rail brakes as well as brake shoe products. Since its establishment, thanks to the high industry and technology access barriers and the company's strong capabilities of independent innovation, research and development and cost management and the rapid development of the rail transit equipment industry as well as the strong support of national fiscal and taxation and industrial policies, the company has made major breakthroughs in the high-speed EMU sintered brake pads, the material formula, process route, production equipment and other aspects. In 2013, our products commenced entering the market, which effectively promoted the localization process of the core components of China's high-speed EMUs.
The company is the core supplier of 350 km/h "Fuxing" China Standard EMU sintered brake pads. The sintered brake pads for high-speed EMUs independently researched and produced by the company have covered all 18 local railway bureaus of China Railway.
Since the company obtained the CRCC EMU brake certificate for the first time in September 2013, the company has held 8 official certificates issued by the CRCC (7 for EMU brakes and 1 for locomotive composite brake) as of July 18 2019. Our products cover 19 types of EMUs with the speed of 200-250 km/h and 300-350 km/h, and we are the domestic manufacturer with the largest number of EMU brakes certified by CRCC.
The company continues to carry out research and development, investment and technological innovation, keeping up with the development of China's high-speed EMU brake technology, ensuring that we are at the domestic leading level in the field of sintered brake pads for EMUs. According to the 2018 annual working conference of China Railway, China Railway will implement the “Fuxing” brand strategy in depth and will continue to expand the scale and coverage of the “Fuxing” in the future, and strengthen the research and development and industrialization of series products of “Fuxing” with the speeds of 350 km/h, 250 km/h and 160 km/h.
In October 2017, China Railway officially launched the development of the 250 km/h “Fuxing” China Standard EMUs. The sintered brake pads produced by our company for the 250 km/h “Fuxing” China Standard EMUs are undergoing a series of tests such as 300,000 km running application test. in October 2017, China Railway led the development of the 160 km/h "Fuxing" power concentrated EMUs. The company's sintered brake pads for the 160 km/h power concentrated EMUs have completed the relevant type tests and passed the assembly application assessment. The performance of the brake pads is reliable and stable and the brake pads have been applied on the 160 km/h "Fuxing" power concentrated EMUs already.
| Full name | Beijing Tianyishangjia New Material Corp., Ltd. |
|---|---|
| Abbreviations | TYSJ |
| Code | 688033 |
| Founded | 2009-11-03 |
| Listing | 2019-07-22 |
| Domicile | Beijing |
| Website | http://www.bjtysj.com |
| tysj@bjtysj.com | |
| STAR Theme | High-end Equipment |
| CSRCSector | Manufacturing--Railway,Ship,Aircraft and spacecraft and Other traffic equipment manufacturing |
| Has weighted voting rights structure? | No |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Earnings Per Share | 0.66 | 0.55 | 0.81 |
| R&D expenditure as a % of operating revenue | 5.78% | 7.06% | 5.20% |
| Operating Revenue | RMB 558 million | RMB 507 million | RMB 468 million |
| Net Income | RMB 263 million | RMB 221 million | RMB 194 million |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Operating Revenue | 558 | 507 | 468 |
| Operating Costs | 255 | 257 | 240 |
| Operating Income | 308 | 260 | 229 |
| Pretax Income | 308 | 260 | 227 |
| Income Tax | 45 | 38 | 32 |
| Net Income | 263 | 221 | 194 |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Assets | |||
| Current Assets-Total | 774 | 826 | 967 |
| Non-current Assets-Total | 584 | 288 | 93 |
| Total Assets | 1,358 | 1,114 | 1,060 |
| Liabilities | |||
| Current Liabilities-Total | 93 | 76 | 62 |
| Non-current Liabilities-Total | 35 | 3 | 3 |
| Total Liabilities | 128 | 79 | 65 |
| Stockholder's Equity | |||
| Share Capital | 839 | 839 | 839 |
| Retained Profits | 391 | 196 | 156 |
| Minority Interests | - | - | - |
| Total Owners' Equity | 1,230 | 1,035 | 995 |
| 2018 | 2017 | 2016 | |
|---|---|---|---|
| Net Cash Flows-Operating | 244 | 135 | 93 |
| Net Cash Flows-Investing | -181 | 217 | -579 |
| Net Cash Flows-Financing | -79 | -152 | 585 |
| Name | No. of Shares Held (mn) | % of Shares Held |
|---|---|---|
| Wu Peifang | 125.04 | 27.86% |
| Beijing Ruize Industrial Investment Fund（Limited Partnership） | 26.33 | 5.87% |
| Beijing Industrial Developing Investment Management Co., Ltd (State-own Shareholder） | 24.38 | 5.43% |
| Qingdao Jinshi Haorui Investment Co., Ltd. | 21.80 | 4.86% |
| Feng Xueli | 20.21 | 4.50% |
| Beijing Jiutaifanghe Asset Management Center (Limited Partnership) | 16.68 | 3.72% |
| Shenzhen Songhe Chengzhang Equity Investment Partnership (Limited Partnership) | 15.72 | 3.50% |
| Duan Xian | 14.35 | 3.20% |
| Li Wenjuan | 13.63 | 3.04% |
| Guizhou MTCCBT Investment Center Limited Partnership（Limited Partnership） | 10.73 | 2.39% |
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