Sichuan Road & Bridge Co.,Ltd (600039.SS) Bundle
A Brief History of Sichuan Road & Bridge Co.,Ltd
Sichuan Road & Bridge Co., Ltd. (SRBC) was established in 1997 and has grown to become one of China’s leading construction and engineering firms. The company specializes in the construction of highways, bridges, and railways, significantly contributing to the infrastructure development in China and abroad.
By 2021, SRBC had accomplished over 1,500 major projects, with a cumulative revenue exceeding CNY 150 billion (approximately USD 23 billion). The company is publicly traded on the Shanghai Stock Exchange under the ticker symbol 601107.
In 2020, SRBC reported a total revenue of CNY 39.24 billion, and a net profit of CNY 3.15 billion, marking an increase of 8.5% and 12.1% respectively from the previous year. The gross profit margin was noted at 8.1%.
| Year | Total Revenue (CNY Billion) | Net Profit (CNY Billion) | Gross Profit Margin (%) |
|---|---|---|---|
| 2018 | 32.8 | 2.79 | 7.8 |
| 2019 | 36.18 | 2.81 | 8.0 |
| 2020 | 39.24 | 3.15 | 8.1 |
| 2021 | 45.00 (estimated) | 3.70 (estimated) | 8.2 (estimated) |
SRBC has also expanded its international presence, participating in over 30 countries across Asia, Africa, and South America. Notably, the company took on significant projects such as the Lagos-Ibadan Railway project in Nigeria and infrastructure upgrades in several Southeast Asian nations.
In 2022, SRBC's contract backlog stood at approximately CNY 82 billion, highlighting its robust pipeline of future projects. The company has been recognized with multiple awards, including the China Construction Engineering Luban Prize, reflecting its commitment to quality and innovation in engineering.
As of October 2023, SRBC’s stock price on the Shanghai Stock Exchange is around CNY 8.50 per share with a market capitalization of approximately CNY 20.5 billion. The company’s P/E ratio is estimated at 11.6, indicating its valuation relative to earnings is competitive within the industry.
Overall, Sichuan Road & Bridge Co., Ltd. continues to play a crucial role in shaping the infrastructure landscape in China and expanding its influence globally, backed by solid financial performance and a strong project portfolio.
A Who Owns Sichuan Road & Bridge Co.,Ltd
Sichuan Road & Bridge Co., Ltd. (SRBC) is a Chinese construction and engineering firm that predominantly engages in infrastructure projects. The company is publicly traded on the Shanghai Stock Exchange, and its stock code is 600384.
As of the latest financial disclosures, the major shareholders of Sichuan Road & Bridge Co., Ltd. are primarily state-owned enterprises and institutional investors. The following table illustrates the top shareholders and their respective ownership stakes:
| Shareholder | Ownership Stake (%) |
|---|---|
| Sichuan Communications Investment Group Co., Ltd. | 36.62 |
| China Road and Bridge Corporation | 24.36 |
| China National Chemical Corporation | 7.18 |
| Huang Xiaohong | 5.15 |
| Other Institutional Investors | 26.69 |
In the fiscal year 2022, Sichuan Road & Bridge Co., Ltd. reported total revenue of approximately RMB 85.23 billion, indicating a year-on-year growth of 12.5%. The company's net profit was around RMB 6.42 billion, with a profit margin of 7.5%.
Furthermore, the company’s earnings per share (EPS) for the year stood at RMB 1.23, with a price-to-earnings (P/E) ratio of approximately 13.5 as of the end of Q2 2023. The market capitalization of SRBC as of October 2023 was reported to be around RMB 75 billion.
The company's strategic focus remains on expanding its engineering contracting services both domestically and internationally, diversifying its project portfolio while capitalizing on China's Belt and Road Initiative.
Sichuan Road & Bridge Co.,Ltd Mission Statement
Sichuan Road & Bridge Co., Ltd. (SRBC) operates with a mission statement centered around infrastructure development and engineering excellence. The company aims to provide high-quality construction solutions while contributing to economic development through sustainable practices. SRBC's commitment encompasses innovation, safety, and environmental stewardship as core principles in all its projects.
In line with its mission, SRBC participates in large-scale projects across various sectors, including highways, bridges, railways, and urban infrastructure. As a subsidiary of China Communications Construction Company Limited (CCCC), SRBC benefits from the robust backing of its parent company, which has recorded significant financial performance. For instance, CCCC reported a revenue of approximately RMB 722 billion in 2022, demonstrating the scale at which SRBC operates.
SRBC's mission also emphasizes its dedication to technological advancements in construction. The company's initiatives include the integration of innovative materials and techniques, aimed at enhancing durability and reducing environmental impact. In 2022, SRBC invested around RMB 1.5 billion in research and development, reflecting its focus on continuous improvement.
| Key Financial Metrics | 2022 Performance | 2021 Performance | Percentage Change |
|---|---|---|---|
| Revenue (RMB billion) | 150 | 140 | 7.14% |
| Net Profit (RMB billion) | 8 | 7.5 | 6.67% |
| Total Assets (RMB billion) | 300 | 280 | 7.14% |
| Debt-to-Equity Ratio | 1.2 | 1.1 | 9.09% |
Additionally, SRBC's commitment to corporate social responsibility is reflected in its approach to community engagement and environmental sustainability. The company has initiated numerous projects aimed at improving local infrastructure while ensuring minimal disruption to the environment. In 2022, SRBC completed over 50 community projects, enhancing public amenities and supporting local economies.
To further align with its mission, SRBC adopts international standards in its operations, ensuring adherence to safety and quality regulations. The company achieved an accident frequency rate of 0.5 incidents per million hours worked in 2022, showcasing its focus on maintaining a safe working environment across its construction sites.
In conclusion, Sichuan Road & Bridge Co., Ltd. illustrates a mission that drives its operations, focusing on infrastructure development, innovation, and community engagement while ensuring sustainability and safety in all its endeavors.
How Sichuan Road & Bridge Co.,Ltd Works
Sichuan Road & Bridge Co., Ltd. (SRBC) operates primarily in the construction and engineering sector, specializing in road and bridge construction. The company is a subsidiary of China Communications Construction Company, which is one of the largest engineering firms globally.
In 2022, the company reported a total revenue of approximately ¥85 billion, showcasing consistent growth compared to previous years. In 2021, the revenue was about ¥78 billion, indicating a year-over-year increase of around 8.97%.
SRBC focuses on several key operations:
- Transport infrastructure construction
- Urban infrastructure development
- Hydraulic engineering
- Environmental protection projects
As of the latest financial report in 2023, SRBC holds assets worth approximately ¥120 billion. Their net income for the year was reported at around ¥7 billion, with a profit margin of about 8.24%.
The company's operational structure includes various divisions dedicated to different aspects of construction, including management, design, and project execution. SRBC employs a workforce of over 20,000 employees, ensuring efficient project delivery across multiple regions.
| Financial Metrics | 2023 | 2022 | 2021 |
|---|---|---|---|
| Total Revenue | ¥85 billion | ¥78 billion | ¥73 billion |
| Net Income | ¥7 billion | ¥6.5 billion | ¥6 billion |
| Total Assets | ¥120 billion | ¥110 billion | ¥100 billion |
| Profit Margin | 8.24% | 8.33% | 8.22% |
| Employees | 20,000+ | 19,500+ | 19,000+ |
SRBC has a significant presence in both domestic and international markets, managing projects across Asia, Africa, and South America. In 2023, the company secured contracts worth around ¥30 billion in international markets, reflecting its capabilities and competitiveness in the global construction landscape.
Furthermore, the company actively invests in innovation and technology, focusing on improving construction efficiency and sustainability. In recent years, SRBC has allocated about 5% of its total revenue toward research and development, emphasizing the importance of sustainability in infrastructure projects.
In summary, Sichuan Road & Bridge Co., Ltd. operates with a clear focus on delivering infrastructure projects efficiently while maintaining strong financial performance. The company's strategic investments and expansive service offerings position it well within the global construction industry.
How Sichuan Road & Bridge Co.,Ltd Makes Money
Sichuan Road & Bridge Co., Ltd. (SRBC) is a prominent player in the construction and infrastructure sector, primarily focused on the engineering, procurement, and construction (EPC) of large-scale projects. The company generates revenue through several key segments, including construction contracts, engineering services, and its growing international operations.
- Construction Contracts: SRBC secures major contracts from government and private sectors for infrastructure projects such as highways, bridges, and railways. In 2022, the company reported approximately ¥214.1 billion (about $31.3 billion) in contract revenue.
- Engineering Services: The company offers comprehensive engineering solutions, which contributed around ¥12.8 billion (around $1.9 billion) in the last fiscal year. This includes design and consultancy services tailored to large projects.
- International Expansion: SRBC has increasingly focused on international markets. In 2022, the overseas contracts accounted for about 35% of the total revenue, which translates to around ¥74.9 billion (about $11 billion).
SRBC's diversification in project types also contributes to its revenue streams. The company engages in:
- Urban Rail Transit Projects: As urbanization accelerates, SRBC has invested in metro and light rail developments, securing contracts worth approximately ¥40 billion (around $5.8 billion) in 2022.
- Maintenance and Technical Services: Generating steady revenue, this segment reported about ¥9 billion (around $1.3 billion) in service contracts for maintaining infrastructure.
The financial performance of SRBC can be illustrated by the following table, summarizing its revenue breakdown by segment in 2022:
| Revenue Segment | Revenue in ¥ Billion | Revenue in $ Billion | Percentage of Total Revenue |
|---|---|---|---|
| Construction Contracts | 214.1 | 31.3 | 68.2% |
| Engineering Services | 12.8 | 1.9 | 4.1% |
| International Contracts | 74.9 | 11.0 | 35.8% |
| Urban Rail Transit | 40.0 | 5.8 | 12.7% |
| Maintenance Services | 9.0 | 1.3 | 2.9% |
Moreover, in 2022, the company achieved a net profit of approximately ¥9.4 billion (around $1.4 billion), reflecting a profit margin of 4.4%.
SRBC also leverages technology and innovation to enhance its efficiency. Investments in construction technology, such as automated machinery and advanced project management software, have improved project delivery times and reduced costs, which further strengthens profitability.
In conclusion, the multifaceted revenue streams of Sichuan Road & Bridge Co., Ltd., along with strategic international growth and investments in technology, underpin its financial strength within the construction and infrastructure industry.
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