Railway Construction Equipment (01786) announced its annual results for the year ended December 31, 2023, with revenue of about 3.1 billion yuan (people...
According to the Zhitong Finance App, Railway Construction Equipment (01786) announced its annual results for the year ended December 31, 2023, with revenue of about 3.1 billion yuan (RMB, same below), up 9.85% year on year; profit attributable to parent company owners was 145 million yuan, up 25.42% year on year; basic income per share was 0.1 yuan/; and plans to pay a final dividend of 0.03 yuan per share.
According to reports, the increase in profits attributable to group owners is mainly due to the combined effects of expanding the company's market and increasing sales scale, strengthening internal management and vigorously carrying out cost reduction and efficiency efforts, and the proceeds of the group government's expropriation of assets.
In 2023, the Group will insist on strengthening and improving the core business of large-scale road maintenance machinery and new vehicle sales, thoroughly implement a development strategy driven by scientific and technological innovation, promote core R&D resources to focus on difficult projects, and accelerate the transformation of R&D and design results and the marketing of new products. During the reporting period, new products achieved sales revenue of 488 million yuan, including: China Railway market of 217 million yuan, urban rail market of 57.41 million yuan, and overseas market of 213 million yuan; the company continued to promote the development of differentiated products and mainframe auxiliary upgrade products and obtained sales contracts. For the year ended December 31, 2023, the Group's machinery and equipment sales revenue increased by 236 million yuan over the same period last year, an increase of 19.65%.
The company optimizes technical services, continuously improves response speed and service quality, deepens the integration of China Railway Mall parts market resources, and strongly increases the parts market occupancy rate. In 2023, the Group's parts sales revenue increased by 129 million yuan over the same period last year, an increase of 18.46%.