Why did China Railway Construction suffer serious losses?

Why did China Railway Construction suffer serious losses?

China Railway (300374) recently released its 202 1 annual report. During the reporting period, the company achieved an operating income of 422,397,820.27 yuan, a year-on-year decrease of 57.40%. The net profit attributable to shareholders of listed companies was -36 1 0,032, 156.76 yuan, which turned from profit to loss compared with the same period of last year.

During the reporting period, the net cash flow generated from operating activities was-79,264,352.38 yuan, and the net assets attributable to shareholders of listed companies at the end of 2026,5438+0,654,38+0,695,894.80 yuan.

In 20021year, the company was familiar with the market status of the industry through the investigation of the same industry, focusing on the company's products, structure, market, brand, scale and output. During the reporting period, the management development measures and concepts such as regional marketing center and "assembled+"business were put forward, and the development of assembled construction business was actively promoted in combination with the company's actual situation. At first, it was like a rock, and its mission was to seek new development breakthroughs in active adjustment. At present, the company is still in the transition period, and will adhere to the road of transformation and upgrading, reform and innovation, and improve the quality of development, so as to build a strong position in the whole industrial chain of the company's prefabricated construction field and create a new pattern of enterprise development.

According to the announcement, during the reporting period, the total remuneration of directors, supervisors and senior managers was 8,320,400 yuan. Chairman Sun Zhiqiang received 878,500 yuan before tax, director and general manager An Zhenshan received 324,800 yuan, and director and chief accountant Li Hong received 552,000 yuan.

According to the disclosure in the announcement, the company plans not to carry out cash dividends, bonus shares and capitalization of reserve funds.

According to Digby's data. Com, China Railway Assembly is the only high-tech innovative assembled building business platform under China Railway, and it is the leading supplier and integrator of assembled building parts in China, covering the entire ecological industrial chain of assembled buildings, including technical consultation, product research and development, architectural design, intelligent manufacturing, intelligent construction, integrated decoration, information management and intelligent property. The company has construction qualifications approved by the Ministry of Housing and Urban-Rural Development, such as general contracting of construction projects, professional contracting of steel structure projects, professional contracting of architectural decoration projects, general contracting of municipal public works, and professional contracting of building electromechanical installation projects. , and can provide "complete prefabricated building solutions" in seven major areas, such as prefabricated building technical consulting services and equipment output, engineering design, intelligent manufacturing of parts, warehousing and logistics management, BIM intelligent building, intelligent integrated house construction, engineering construction and general contracting of infrastructure investment and operation.