Brief Introduction

Beijing Tieke Shougang Railway-Tech Co.,Ltd. (TKRT for short) was founded in October 2006, jointly funded by China Academy of Railway Sciences, as its holding company, Shougang Group and Beijing Zhongye Tianyu Investment Management Co., Ltd. as its co-founders. The company is located at Changping District, Beijing, with registered capital of RMB 210,666,700.00 Yuan, covering an area of about 40,000 m2 and 12,000 m2 of workshops. The company has two wholly-owned subsidiaries, two holding subsidiaries, one stock-sharing company and three branches.

TKRT has focused on R&D and technological innovation, which is a company engaged in scientific research, development, production and sales of high-speed railway engineering products. It has established high efficient R&D system, possessed the technological innovative ability and core competitiveness in productdesignmanufacture and testing. The Company's main products are high-speed rail fasteners, which are used in ballastless tracks. Its products also include heavy haul rail fasteners and urban rail fasteners. The Company also produces and sells prestressed steel wires, anchor plates, railway bridge bearings and engineering materials. Its products are used in high-speed railway engineering areas, such as tracks, bridges and tunnels. It ownsHigh-tech Enterprise Certificate, ISO9001:2015 Quality Management System Certificate, ISO45001:2018 Occupational Health and Safety Management System Certificate, ISO14001:2015 Environment Management System Certificate. In 2018, TKRT was selected as an experimental enterprise of integration of informationization and industrialization management system by Ministry of Industry and Information Technology of the People's Republic of China. By the end of 2020, the comany has been awarded 22national patents on inventions, 120 utility model patents, and 2 national software copyrights.

TKRT aims to provide high-quality products for the construction of high-speed railways and urban rail transit, andvbe committed to the construction of green rail transit. Its products are in use on lots of HS lines, including Beijing-Shenyang, Harbin-Dalian, Tianjin-Qinhuangdao, Hohhot-Zhangjiakou, Taiyuan-Jiaozuo, Shangqiu-Hefei-Hangzhou, Wenzhou-Fuzhou, Lanzhou-Urumqi, and Guiyang-Guangzhou HS lines. The quality of its products and technical services are highly praised.

Company Overview

Full name Beijing Tieke Shougang Railway-Tech Co.,Ltd.
Abbreviations TKRT
Code 688569
Founded 2006.10.30
Listing 2020.08.31
Domicile Beijing
Website https://www.bjtkgd.com/
Email bjtkgd@163.com
STAR Theme High-end Equipment
CSRC Sector Manufacturing
Has weighted voting rights structure? No

Financials

Highlights

  2020 2019 2018
Earnings Per Share 0.85 0.92 0.75
R&D expenditure as a % of operating revenue 4.75% 4.74% 6.11%
Operating Revenue 1,229.45 1,264.68 1,119.24
Net Income 203.74 190.36 148.36

Income Statement (Unit: RMB mn)

  2020 2019 2018
Operating Revenue 1,229.45 1,264.68 1,119.24
Operating Costs 806.72 817.08 777.24
Operating Income 232.01 219.22 171.89
Pretax Income 232.67 217.90 168.38
Income Tax 28.93 27.54 20.03
Net Income 203.74 190.36 148.36

Balance Sheet(Unit: RMB mn)

  2020 2019 2018
Assets
Current Assets-Total 2,454.19 1,367.18 1,323.42
Non-current Assets-Total 505.75 447.39 349.73
Total Assets 2,959.93 1,814.57 1,673.15
Liabilities
Current Liabilities-Total 491.12 568.96 642.05
Non-current Liabilities-Total 2.82 3.54 8.70
Total Liabilities 493.94 572.49 650.75
Stockholder's Equity
Share Capital 1,366.68 316.83 241.56
Retained Profits 812.48 683.79 585.83
Minority Interests 286.82 241.45 195.02
Total Owners' Equity 2,465.99 1,242.07 1,022.41

Cash Flow Statement (Unit: RMB mn)

  2020 2019 2018
Net Cash Flows-Operating 255.02 2.72 79.66
Net Cash Flows-Investing -341.53 -149.37 -38.76
Net Cash Flows-Financing 950.63 36.10 -36.98

Top 10 Shareholders

Name No. of Shares Held (mn) % of Shares Held
China Academy of Railway Sciences Corporation Limited 55.30 26.25%
Beijing Shougang Equity Investment Management Co., Ltd. 42.47 20.16%
Beijing Zhongye Tianyu Investment Management Co., Ltd 25.28 12.00%
Beijing Tiefeng Construction Engineering Technology Limited 23.70 11.25%
Beijing Shougang Co. Ltd 11.25 5.34%
China Securities investment Co. Ltd 2.09 0.99%
姜春龙 0.78 0.37%
卢圣润 0.76 0.36%
周扬中 0.74 0.35%
杨利生 0.39 0.18%

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