After 2008, China’s high-speed rail construction entered a peak period. According to the high-speed railway control system, the life is usually 10 years, and the cycle is likely to accelerate with the development of the railway system intelligently.
It is considered to be “China’s Nasdaq”. Since the official transaction, the science and technology board has received much attention from all. Some people think that this is a new wealth-producing and distributing center. On the first day, it was “born” 125 billionaires; some people think that this is a test field for innovation in China’s securities market, and the registered capital is for the first-tier market startups, VC, PE. The organization has a subtle influence.
But there is no doubt that in the long run, it is more likely to be the touchstone of the value of hard technology companies. Therefore, at this time node, we launched the “Overview of the Board” series, hoping to bring readers to quickly understand the company.
According to the “High Speed Lines In the World” report released by the World Railroad Union (UIC) in March 2019, the world’s high-speed railways have a mileage of 46,400 kilometers, and the mileage under construction has reached 12,000 kilometers. The planned mileage has reached 1.31. Ten thousand kilometers, the long-term planning mileage reached 27,400 kilometers. From an intercontinental perspective, Asia and Europe will be the main incremental markets for high-speed railways in the future. The long-term planning mileage of high-speed railways will reach 13,300 kilometers and 0.72 million kilometers respectively. China Tonghao is the largest supplier of urban rail transit control system solutions in China. By the end of 2018, the company’s high-speed railway control system core products and services covered the total winning bid in the world.
China Tonghao was listed on July 22, 2019. As of 15:00 on October 18, 2019, the company’s A share price was 8.13 yuan.
Company Profile and Growth History
The history of China Tonghao can be traced back to the establishment of a communication signal engineering company by the Ministry of Railways in 1953. In 1981, the Ministry of Railways of China approved the formation of the controlling shareholder of the company. In 2010, it was reorganized by China Tonghao Group into China Railway Communication Signal Co., Ltd.
The company specializes in the field of rail transit control systems and provides products and services in the entire industry chain of rail transit control systems. The main customers are from China Railway Corporation, various passenger companies and various urban rail transit companies.
The company’s main business (rail traffic control system) is divided into three categories: 1) Design Integration, which mainly includes system integration services for products related to rail transit control systems. And provide design and consulting services for project construction based on rail transit engineering; 2) equipment manufacturing, mainly including production and sales of signal systems