25 Jun 2017,
  • HSI:
    24,476.35 -207.53 (-0.84%)
    HSCI:
    9,926.26 -161.76 (-1.60%)
    HKSPLC25:
    31,151.06 -216.12 (-0.69%)
    HKSPGEM:
    338.04 -1.93 (-0.57%)
  • HSCEI:
    9,926.26 -161.76 (-1.60%)
    HSCCI:
    3,840.88 -61.93 (-1.59%)
    HSFML25:
    8,374.96 -100.84 (-1.19%)
    H-FIN:
    15,625.67 -244.68 (-1.54%)
  • Hang Seng Index
  • 24,476.35

  • -207.53 (-0.84%)
HSCI 9,926.3 -161.8
HKSPLC25 31,151.1 -216.1
HKSPGEM 338.0 -1.9
HSCEI 9,926.3 -161.8
HSCCI 3,840.9 -61.9
HSFML25 8,375.0 -100.8
H-FIN 15,625.7 -244.7
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CRCC High-Tech Equipment Co., Ltd. (01786.HK)

Railroads

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2016 (AR)
2016 (IR)
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CRCC high-tech equipment corporation limited (CRCCE) as founded in 1954. It is a subsidiary of china railway construction corporation limited (CRCC) and is the leading enterprise in the large railway track maintenance machinery industry in china. In 2015, the company was restructured and renamed from china railway large maintenance machinery corporation ltd. to CRCCE and listed on the main board of the HKEX (stock code 1786.hk ).

For many years, CRCCE has devoted itself to the development of railway track maintenance machinery and grasped the fast growing market opportunities of large railway track maintenance machineries both at home and abroad. Capitalizing on its leading market position, a comprehensive product portfolio, integrated industry value chain, strong R&D and product development capabilities, extensive business network, excellent customer services, leading manufacturing and maintenance technologies and an advanced quality management system, the Company provides customers with secure, trusted and quality reliable products as well as comprehensive and systemic solutions.

Since the Company sold its first large railway track maintenance machine in 1989, as of the end of 2015, CRCCE has produced more than 2300 large railway track maintenance machines, which accounted for more than 80% in China, marking it the largest developer, manufacturer and service provider in China.

In terms of the sales revenue of manufacturers of large railway track maintenance machinery in 2014, the Company ranked No.1 in Asia and No.2 globally. The Company’s main business covers manufacturing and sales of machine, parts and components sales and services, overhaul services and railway lines maintenance service. Large railway track maintenance machinery played an irreplaceable role in previous speed acceleration of Chinese railway as well as the running of Qinghai-Tibet railway and high speed railway. It also guaranteed the transport safety, promoted reformation of railway maintenance process and system in China, and speeded up the technological progress.

Up to now, CRCCE has more than 60 categories of railway maintenance machines in various sizes, covering tamping, ballast cleaning, ballast distributing and profiling, stabilizing, material conveying, and rail reprofiling. Furthermore, CRCCE has feature-riched and serialized products whose range covers under the sleeper, on the track and overhead line, filling the gap of domestic industry.

The Company has been certified by Quality Management System, Environment Management System, Occupation Health Safety Management and EN15085-2 European Welding Quality Authentication. With the first-class technology, the Company was accredited as the “National Large Railway Track Maintenance Machinery Engineering Research Center”, the “National Large Railway Track Maintenance Machinery High-Tech Industrialization Base”, “International Science and Technology Cooperation Demonstrator Base” and “High-Tech Enterprise”.

CRCCE will continue to concentrate on developing large railway track maintenance machinery business, strengthening the leading position in domestic market. The Company will strive to be the most competitive manufacturer and provider of railway track maintenance machinery in the world, and become the center of manufacture, technology, engineering experiment detection and training in the world large railway track maintenance machinery. The Company’s target is to be the most competitive, world-class railway track maintenance machinery and equipment enterprise.
+ More Company Profile

Mr. Ren Yanjun - Chairman and Executive Director

Mr. Ren joined the Company in July 1985. Mr. Ren was appointed as general manager and Director in January 2010, and was appointed as chairman, general manager and Director in January 2015. Mr. Ren has 30 years of experience in railway maintenance, machinery manufacturing and repair. Since Mr. Ren joined the Company’s predecessor, Kunming Machinery Factory, he has been primarily responsible for manufacturing and management of techniques in the shop, product users’ training, products design, trading and operation, products design and management of techniques, products design and development. Mr. Ren obtained a senior engineer certificate issued by Factory Bureau under CRCCG in 1997. He served as deputy general manager and senior engineer of the Company from 2004 to 2010, primarily responsible for marketing. Mr. Ren obtained a senior professional manager certificate issued by China Enterprise Confederation and China Entrepreneurs Association in 2006. He obtained a bachelor’s degree from Southwest Jiaotong University in 1983, majoring in mechanical engineering at the department of engineering.

Mr. Jiang He - Executive Director and General Manager

Mr. Jiang joined the Company in 1987. He was appointed as vice general manager in 2003 and Director in April 2006. Mr. Jiang has 28 years of experience in railway maintenance, machinery manufacturing and repair. Since Mr. Jiang joined the Company, he has been primarily responsible for management of techniques in the shop, training, management of techniques in the shop, inspection of our products, activities in the union, testing and inspection of our products and training. Mr. Jiang obtained a senior engineer certificate issued by CRCCG in 2008. He completed the undergraduate courses at Dalian Railway Institute in 1987, majoring in mechanical manufacturing processes and equipment. He obtained a bachelor’s degree from Southwest Jiaotong University in 2005, majoring in mechanical design, manufacturing and automation. He obtained a master’s degree from the same University in 2009, majoring in business administration.

Mr. Yu Yuanlin - Executive Director, Vice General Manager and Chief Financial Officer

Mr. Yu joined the Company in 2010. He was appointed as vice general manager and chief financial officer in 2012 and was appointed as executive Director in June 2015. Mr. Yu has 32 years of experience in accounting and financial management. From 2003 to 2006, Mr. Yu was appointed as a certified public accountant of the supervisory committee under SASAC, primarily responsible for financial supervision and inspection. From 2007 to 2008, he worked for the financial team for Share System Reform and Listing of CRCCG, primarily responsible for financial accounting affairs involved in share system reform and listing. From 2010 to 2012, he served as the vice department head of finance department and the vice chief financial officer of the Company, primarily responsible for financial management and accounting. Mr. Yu obtained the qualification of certified public accountant issued by Chinese Institute of Certified Public Accountants in 1998. He obtained a college diploma from Hubei University in 1986, majoring in Chinese language and literature. Since 2012, he has studied for a master’s degree in Shijiazhuang Railway University, majoring in business management.

Mr. LI Xuefu - Non-executive Director

Mr. Li joined the Company in June 2015 and was appointed as non-executive Director. He has 24 years of experience in modern enterprise management and business management. Mr. Li obtained the qualification of senior engineer issued by the former MOR in 1998. He obtained a bachelor’s degree from Shijiazhuang Railway College in 1988, majoring in crane transportation and engineering machinery. He obtained a master’s degree from North Jiaotong University in 2000, majoring in business management.

Mr. Wu Zhixu - Non-executive Director

Mr. Wu joined the Company in June 2015 and was appointed as non-executive Director of the Company. He has 23 years of experience in legal service areas, such as reorganization and listing of enterprise, standardized daily operation of company and foreign investment. From May 2008 to May 2011, he served as an independent director of Yunnan Xiyi Industry Corporation (雲南西儀工業股份有限公司), a company listed on the Shenzhen Stock Exchange (stock code: 002265), which was primarily engaged in the cooling and heating processing of machines. From February 2011 to February 2014, he served as an independent director of Yunnan Lincang Xinyuan Germanium Industry Corporation (雲南臨滄鑫圓鍺業股份有限公司), a company listed on the Shenzhen Stock Exchange (stock code: 002428), which was primarily engaged in the mining and extraction of minerals. Since June 2011, he has served as an independent director of Yunnan Tourism Corporation (雲南旅遊股份有限公司), a company listed on the Shenzhen Stock Exchange (stock code: 002059), which was primarily engaged in the whole product chain of tourism. He obtained a bachelor’s degree from Southwest College for Nationalists in 1991, majoring in laws. He obtained a postgraduate diploma from Yunnan University in 1997, majoring in economic laws.

Mr. Sun Linfu - Independent Non-Executive Director

Mr. Sun joined the Company in 2015 and was appointed as independent non-executive Director. He has nearly 23 years of experience in advanced manufacturing and railway maintenance machinery industry. He obtained a bachelor’s degree in mechanical engineering, a master’s degree in bridge, tunnel and structural engineering and a doctor’s degree in bridge and tunnel engineering from Southwest Jiaotong University.

Mr. Yu Jiahe - Independent Non-executive Director

Mr. Yu joined the Company in 2015 and was appointed as independent non-executive Director. He has 36 years of experience in design and selection of railway maintenance machinery. He obtained an academic certificate for university from Southwest Jiaotong University in 1980, majoring in machinery manufacturing technique and equipment.

Mr. Wong Hin Wing - Independent Non-executive Director

Mr. Wong joined the Company in 2015 and was appointed as independent non-executive Director. He has 31 years of experience in accounting, finance, investment management and advisory. Mr. Wong obtained a master’s degree in executive business administration from Chinese University of Hong Kong in 1996. He is also a member of Anhui Provincial Committee of the Chinese People’s Political Consultative Conference and a member of the Nursing Council of Hong Kong.

Mr. Hu Bin - Vice General Manager and Chief Engineer

Mr. Hu joined the Company in August 1987. He was appointed as chief engineer in August 2004 and vice general manager in December 2011. Mr. Hu has 29 years of experience in R&D and manufacturing of railway maintenance machinery. He obtained a bachelor’s degree from Shanghai Railway College in July 1987, majoring in mechanization of railway.

Mr. Yang Chaokai - Union President and Vice General Manager

Mr. Yang Chaokai joined the Company in 1991 and was appointed as union president in November 2008 and vice general manager in June 2015. Mr. Yang has 25 years of experience in labor and salary and railway maintenance, machinery manufacturing and repair. He obtained a college diploma from the Correspondence Institute of the Party School of China in 1993, majoring in economic management. He obtained a bachelor’s degree from the Party University under Yunnan Provincial Communist Party Committee in 2003, majoring in law.

Mr. Huang Zhaoxiang - Vice General Manager

Mr. Huang joined the Company in 1986 and was appointed as vice general manager in March 2003. Mr. Huang has 30 years of experience in railway maintenance, machinery manufacturing and repair. He obtained a bachelor’s degree from Southwest Jiaotong University in 1986, majoring in mechanical engineering.

Mr. Zhang Zhong - Vice General Manager

Mr. Zhang joined the Company in 1986. He was appointed as an engineer in 1990 and vice general manager in 2010. Mr. Zhang has 30 years of experience in railway maintenance, machinery manufacturing and repair. He obtained a bachelor’s degree from Changsha Railway College in 1984, majoring in railway trains. In 2005, he completed a two-year course program in Kunming University of Science and Technology and was granted a certificate of completion, majoring in project management.

Mr. Sun Guoqing - Vice General Manager

Mr. Sun joined the Company in 1983 and was appointed as vice general manager in 2010. Mr. Sun has 33 years of experience in railway maintenance, machinery manufacturing and repair. He obtained a college diploma from Yunnan Administration College under Yunnan Provincial Party School in 1997, majoring in economic management. He obtained a bachelor’s degree through correspondence courses from the Institute of Yunnan University of Finance and Economics in 2009, majoring in economic management.

Mr. Chen Yongxiang - Vice General Manager

Mr. Chen joined the Company in 1989 and was appointed as vice general manager in 2010. He has 27 years of experience in railway maintenance, machinery manufacturing and repair. He obtained a bachelor’s degree from East China Jiaotong University in 1989, majoring in machining procedure and equipment, and a master’s degree from Nankai University in 2013, majoring in international economics and commercial relations.

Mr. Tong Pujiang - Vice General Manager

Mr. Tong joined the Company in 1999 and was appointed as the vice general manager in January 2015. Mr. Tong has 17 years of experience in railway maintenance, machinery manufacturing and repair. He obtained a college diploma from Southwest Jiaotong University in 1999, majoring in mechanical engineering and automation, and a bachelor’s degree from Southwest Jiaotong University in 2010, majoring in electric engineering and automation. He graduated as a postgraduate student from Chinese Communist Party School in 2014, majoring in economic management.

Mr. Ma Changhua - the Secretary of the Board and Joint Company Secretary

Mr. Ma joined the Company in 1996. He was appointed as secretary of the Board in February 2015 and was appointed as a joint company secretary in 2015. Mr. Ma has 20 years of experience in railway maintenance, machinery manufacturing and repair. He obtained a bachelor’s degree from Xi’an Oil College in 1996, majoring in computer and applications. He obtained a master’s degree from Yunnan University in 2005, majoring in software engineering. He obtained a master diploma from Nankai University in 2014, majoring in international economics and commercial relations.

+ More Board of Directors
Articles of Association
 
List of Directors
 
Audit and Risk Management Committee

The audit and risk management committee of the Company consists of three Directors: Mr. Yu Jiahe, Mr. Wong Hin Wing and Mr. Sun Linfu. Mr. Yu Jiahe currently serves as the chairman of the audit and risk management committee of the Company. The audit and risk management committee is primarily responsible for supervising our internal control, financial information disclosure and internal audit matters, which include, among other things:


     . to supervise and manage the audit work, and to propose appointment or removal of external audit agencies; to supervise the work of external audit agencies;
     . to supervise internal audit system and its implementation, to review our financial and accounting policies and practices;
     . to ensure communication and coordination between internal audit and external audit agencies;
     . to supervise our financial information and its disclosure, and to review the major opinions on financial reporting as set out in the statements and reports; and
     . to review our financial control, internal control and risk management system, to review major connected transactions, and to ensure that the management has discharged its duty to establish an effective internal control system.
 
Remuneration and Assessment Committee

The remuneration and assessment committee of the Company consists of three Directors: Mr. Yu Jiahe, Mr. Ren Yanjun and Mr. Sun Linfu. Mr. Yu Jiahe currently serves as the chairman of the remuneration and assessment committee of the Company. The remuneration and assessment committee is primarily responsible for formulating and reviewing the compensation policies and schemes for the Company’s Directors and senior management, which include, among other things:


     . to make recommendations to the Board on the Company’s policies and structure for the remuneration of Directors and senior management;
     . to study the performance assessment management measures for the Company’s Directors and senior management, to formulate assessment standards, and to determine the assessment objectives; and
     . to develop formal, fair, reasonable and transparent remuneration system, and to supervise the effective implementation of the Company’s remuneration system.
 
Nomination Committee

The nomination committee of the Company consists of three Directors: Mr. Ren Yanjun, Mr. Sun Linfu and Mr. Yu Jiahe. Mr. Ren Yanjun currently serves as the chairman of the nomination committee of the Company. The nomination committee is primarily responsible for formulating the nomination procedures and standards for candidates for Directors, which include, among other things:

 

         . to formulate the nomination procedures and standards for Directors and senior management, and to make suggestions on the proposed changes of the Board with the aim to facilitate the Company’s strategies;
         . to assess the independence of independent Directors; and
         . to assess and review the candidates for Directors and senior management to be potentially appointed by the Board, and make suggestions to the Board on plans for appointment, re-appointment and succession of Directors.
 
Strategy and Investment Committee

The strategy and investment committee of the Company consists of three Directors: Mr. Ren Yanjun, Mr. Sun Linfu and Mr. Yu Jiahe. Mr. Ren Yanjun currently serves as the chairman of the strategy and investment committee of the Company. The strategy and investment committee is primarily responsible for studying and proposing suggestions on the Company’s development strategy planning and significant investment decisions, which include, among other things:

 

         . to review the Company’s long-term development strategies;
         . to review the major issues that affect the development of the Company; and
         . to review the significant capital operations, asset management projects, significant investments, financing and guarantee projects and so forth which should be approved by the Board.
 
Procedures for Shareholders to Propose a Director
 
Rules of Procedure for the Board of Directors
 
Rules of Procedure for General Meetings
 
Rules of Procedure for the Supervisory Committee
 
Board Diversity Policy
 
Shareholder Communication Policy
 

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COMPANY INFORMATION

Listed Date 16 Dec 2015

Address No.384, Yang Fang Wang,
Jinma Town, Kunming City,
Yunnan Province, PRC

Telephone 0871-63831988

Facsimile 0871-63831000

Email crcce@crcce.com.cn

No. of Click Rate

60603