Chongqing road & bridge co.,ltd (600106.SS) Bundle
A Brief History of Chongqing Road & Bridge Co., Ltd
Founded in 1997, Chongqing Road & Bridge Co., Ltd (CRBC) is a leading construction company in China, primarily focused on the design, construction, and maintenance of road and bridge projects. With its headquarters in Chongqing, the company has established a solid reputation for infrastructure development both domestically and internationally.
CRBC is a wholly-owned subsidiary of China Communications Construction Company Ltd (CCCC), which is ranked 75th on the Fortune Global 500 list as of 2023, showcasing its significant scale and influence in the construction sector.
The company’s notable projects include the construction of numerous bridges over the Yangtze River, highways throughout southwestern China, and international projects in regions such as Africa and Southeast Asia. For instance, the Jiangyin Yangtze River Bridge, completed in 2009, spans over 1,700 meters and is a vital part of the transportation network in Jiangsu Province.
Financial Performance
CRBC has shown consistent growth in revenue and profit margins over the years. In 2022, the company reported a revenue of approximately RMB 58 billion (around USD 8.4 billion), with a net profit of approximately RMB 4 billion (around USD 570 million). This reflects a year-over-year growth rate of approximately 8% in revenue.
| Year | Revenue (RMB) | Net Profit (RMB) | Revenue Growth Rate (%) |
|---|---|---|---|
| 2020 | RMB 52 billion | RMB 3.5 billion | 7% |
| 2021 | RMB 54 billion | RMB 3.8 billion | 4% |
| 2022 | RMB 58 billion | RMB 4 billion | 8% |
Expansion into international markets has been a significant strategy for CRBC. The company has undertaken projects in over 50 countries, contributing to the infrastructure development in various regions, including the construction of major highways in countries such as Kenya and Ethiopia.
Market Position and Strategic Initiatives
According to reports from 2023, CRBC holds a market share of approximately 15% in China's bridge construction sector. The company continues to invest in research and development, focusing on innovative construction techniques and sustainable practices. Notably, CRBC has integrated advanced technologies such as artificial intelligence and big data analytics into its project management systems.
In 2023, CRBC announced plans to invest RMB 2 billion (about USD 290 million) in expanding its capabilities in green construction and sustainable infrastructure projects, enhancing its competitiveness in the growing market for eco-friendly construction solutions.
Overall, Chongqing Road & Bridge Co., Ltd has carved a significant niche within the infrastructure sector, marked by robust financial performance and strategic international outreach, positioning itself as a key player in the future of global construction.
A Who Owns Chongqing Road & Bridge Co., Ltd
Chongqing Road & Bridge Co., Ltd., established in 1997, is a publicly traded company primarily engaged in the construction and engineering sectors, particularly focusing on road and bridge infrastructure. It trades on the Shanghai Stock Exchange under the stock code 600106.
As of the latest available data, the ownership structure of Chongqing Road & Bridge is as follows:
| Shareholder Name | Ownership Percentage | Number of Shares |
|---|---|---|
| Chongqing Communications Development Group Co., Ltd. | 44.03% | 1.65 billion |
| Chongqing Municipal People’s Government | 18.42% | 0.69 billion |
| Public Shareholders | 37.55% | 1.41 billion |
As of the fiscal year ending December 31, 2022, Chongqing Road & Bridge reported total assets of approximately ¥14.5 billion and total liabilities of ¥10.2 billion, leading to a net asset value of ¥4.3 billion.
The company generated a revenue of around ¥12.1 billion in 2022, with a net income of ¥1.2 billion, resulting in a profit margin of approximately 9.92%. This performance illustrates the company's strong positioning within China’s infrastructure development sector.
Chongqing Road & Bridge has been involved in several major projects across China, reinforcing its role in national infrastructure initiatives. The company's backlog of projects is valued at around ¥25 billion, indicating robust future revenue potential.
According to the latest quarterly financial results for Q2 2023, the company’s stock price was reported at ¥9.50 per share, with a market capitalization of approximately ¥15.75 billion. The Price-to-Earnings (P/E) ratio stood at 13.1, compared to the industry average of 15.5.
In summary, with a strong controlling interest from government-linked entities, Chongqing Road & Bridge Co., Ltd. remains a vital player in China's ongoing infrastructure development, backed by significant financial metrics and project opportunities.
Chongqing Road & Bridge Co., Ltd Mission Statement
Chongqing Road & Bridge Co., Ltd focuses on advancing infrastructure construction and engineering services. Their mission is to foster sustainable development by providing high-quality construction solutions while prioritizing safety, efficiency, and environmental protection.
The company aims to contribute to urbanization and modernization in China and beyond through innovative techniques and robust project management practices.
| Year | Total Revenue (CNY) | Net Income (CNY) | Total Assets (CNY) | Employees |
|---|---|---|---|---|
| 2020 | 24.34 billion | 1.87 billion | 64.53 billion | 13,543 |
| 2021 | 26.80 billion | 2.04 billion | 67.89 billion | 14,432 |
| 2022 | 28.90 billion | 2.26 billion | 70.12 billion | 15,211 |
| 2023 (Q2) | 15.50 billion | 1.10 billion | 73.45 billion | 15,600 |
Chongqing Road & Bridge emphasizes innovation by investing in research and development, allocating approximately 5% of total revenue towards this goal in recent years. Their commitment to advanced technologies such as 3D printing and BIM (Building Information Modeling) is evident in their project execution.
The company operates across multiple sectors, with a significant focus on road construction, bridge construction, and municipal engineering. For instance, they have completed over 500 large-scale projects in the last decade, enhancing transportation networks across China.
Chongqing Road & Bridge's dedication to safety is supported by their comprehensive training programs. In 2022, they achieved a 98% safety compliance rate, reflecting their commitment to maintaining high safety standards in all operations.
As of the latest financial reports, Chongqing Road & Bridge’s market capitalization stands at approximately 30 billion CNY, making it one of the leading players in the Chinese construction industry.
Additionally, the company's strategic partnerships with local governments and international firms aim to further expand their market presence. Notably, they have engaged in joint ventures that have resulted in projects worth over 15 billion CNY in the past fiscal year.
Overall, Chongqing Road & Bridge Co., Ltd. embodies a clear vision focused on infrastructure development, aimed at achieving long-term sustainable growth while delivering value to stakeholders.
How Chongqing Road & Bridge co.,ltd Works
Chongqing Road & Bridge Co., Ltd (CRBC), a subsidiary of China Communications Construction Company Limited (CCCC), operates as a leading player in the infrastructure sector. The company specializes in the construction of various types of transportation infrastructure, with a focus on roads, bridges, and tunnels. As of the latest reports, CRBC has successfully undertaken over 1,000 projects across more than 40 countries.
The core operations of CRBC can be segmented into several key areas:
- Road Construction: The company is involved in the construction and maintenance of highways, urban roads, and rural access roads. In 2022, CRBC reported approximately RMB 120 billion in revenue from its road construction segment, accounting for about 60% of total revenue.
- Bridge Construction: CRBC has a significant portfolio in bridge engineering. In 2023, they completed over 300 bridges, which included several major suspension and cable-stayed bridges. The bridge construction segment brought in about RMB 50 billion, representing 25% of their total annual revenue.
- Tunnel Construction: CRBC is also pioneering in tunnel construction, particularly in complex urban environments. As of September 2023, the company has completed over 150 tunnels for various projects.
- International Operations: A significant portion of CRBC's operations is overseas, focusing on developing nations. The share of international contracts contributes around 30% to its revenue, amounting to approximately RMB 40 billion.
| Financial Metrics | 2021 | 2022 | 2023 (Projected) |
|---|---|---|---|
| Total Revenue (RMB billion) | 185 | 200 | 220 |
| Net Profit (RMB billion) | 12 | 15 | 18 |
| Total Assets (RMB billion) | 300 | 320 | 350 |
| Debt-to-Equity Ratio | 1.5 | 1.4 | 1.3 |
| Market Capitalization (RMB billion) | 100 | 120 | 150 |
CRBC’s operational strategy heavily emphasizes innovation and the adoption of advanced technologies. The company utilizes Building Information Modeling (BIM) and other digital tools to enhance project efficiency and reduce costs. In 2022, CRBC invested RMB 3 billion in technological upgrades, underpinning their commitment to sustainability and modern construction techniques.
In terms of workforce, CRBC employs over 60,000 workers, including engineers, project managers, and skilled laborers. The company has developed multiple training programs aimed at improving skills in construction management and technology application.
The company’s sustainability initiatives also play a crucial role in its operational framework. By 2023, CRBC aims to achieve a 25% reduction in carbon emissions per unit of output compared to 2020 levels, reflecting a growing emphasis on eco-friendly construction practices.
As for the financial outlook, CRBC has consistently shown strong performance, with projected revenue growth anticipated to continue at a rate of 10%-15% annually. This growth can be attributed to increased infrastructure spending by various governments and the expansion of their international project portfolio.
How Chongqing Road & Bridge Co., Ltd Makes Money
Chongqing Road & Bridge Co., Ltd. operates primarily in the construction and engineering sector, specializing in infrastructure projects including roads, bridges, and tunnels. As a major contractor in China, the company generates revenue through several key channels.
Revenue Streams
- Construction Contracts
- Engineering Services
- Material Sales
- Consultative Services
In 2022, Chongqing Road & Bridge reported a total revenue of approximately RMB 23.5 billion, marking a year-on-year growth of 8.3%. The segment breakdown indicated that around RMB 16.5 billion came from construction contracts alone, reflecting a strong demand for infrastructure development in the region.
Construction Contracts
The company secures large-scale construction contracts from both public and private sectors. In recent years, significant projects include:
- The Chongqing Urban Rail Transit line expansion, valued at approximately RMB 3 billion.
- The construction of the Wanzhou Yangtze River Bridge, with a budget of around RMB 2 billion.
- Road construction projects in remote areas, generating revenues of about RMB 1.5 billion annually.
Engineering Services
Chongqing Road & Bridge also offers engineering services, including design, consulting, and project management. In 2022, this segment generated revenues of about RMB 3 billion, demonstrating a robust demand for their expertise in infrastructure projects. This service has a healthy profit margin, contributing roughly 22% to the company’s overall profitability.
Material Sales
As part of its operations, the company produces and sells construction materials. This segment contributed around RMB 2 billion to the total revenue in 2022. The division benefits from internal demand as well as external sales to other contractors. The average gross margin for material sales is approximately 30%.
Consultative Services
Consultative services include advisory roles in planning and executing infrastructure projects, which contributed about RMB 1 billion to the company's revenue in the last fiscal year. This segment is expected to grow at a rate of 10% annually as the government invests more in infrastructure upgrades.
Financial Performance Overview
| Metric | 2022 Value (RMB) | 2021 Value (RMB) | Year-on-Year Growth (%) |
|---|---|---|---|
| Total Revenue | 23.5 billion | 21.7 billion | 8.3% |
| Construction Contracts | 16.5 billion | 15.2 billion | 8.6% |
| Engineering Services | 3.0 billion | 2.7 billion | 11.1% |
| Material Sales | 2.0 billion | 1.8 billion | 11.1% |
| Consultative Services | 1.0 billion | 0.9 billion | 11.1% |
Chongqing Road & Bridge has been proactive in securing government contracts, which constitute a substantial portion of its revenue. The Chinese government's continuous investment in infrastructure underpins the company's growth strategy and financial stability.
Market Position and Competition
Chongqing Road & Bridge operates in a competitive landscape, facing rivals such as China Railway Group and China Communications Construction Company. However, its regional expertise and robust project execution capabilities help maintain its market share. As of 2023, it holds approximately 6% of the market in construction services within Western China.
Future Outlook
Looking ahead, the company is poised for further growth as urbanization continues in China. Projected revenue for 2023 is estimated to reach RMB 25 billion, driven by anticipated contracts in transportation infrastructure. The company plans to diversify into renewable energy projects, which could add new revenue streams starting in 2024.
Chongqing road & bridge co.,ltd (600106.SS) DCF Excel Template
5-Year Financial Model
40+ Charts & Metrics
DCF & Multiple Valuation
Free Email Support
Disclaimer
All information, articles, and product details provided on this website are for general informational and educational purposes only. We do not claim any ownership over, nor do we intend to infringe upon, any trademarks, copyrights, logos, brand names, or other intellectual property mentioned or depicted on this site. Such intellectual property remains the property of its respective owners, and any references here are made solely for identification or informational purposes, without implying any affiliation, endorsement, or partnership.
We make no representations or warranties, express or implied, regarding the accuracy, completeness, or suitability of any content or products presented. Nothing on this website should be construed as legal, tax, investment, financial, medical, or other professional advice. In addition, no part of this site—including articles or product references—constitutes a solicitation, recommendation, endorsement, advertisement, or offer to buy or sell any securities, franchises, or other financial instruments, particularly in jurisdictions where such activity would be unlawful.
All content is of a general nature and may not address the specific circumstances of any individual or entity. It is not a substitute for professional advice or services. Any actions you take based on the information provided here are strictly at your own risk. You accept full responsibility for any decisions or outcomes arising from your use of this website and agree to release us from any liability in connection with your use of, or reliance upon, the content or products found herein.