CRCC High-Tech Equipment Corporation Limited logo

CRCC High-Tech Equipment Corporation Limited

1786.HK

HKSEIndustrialsIndustrial - Machinery

Latest quote

HK$0.73

+HK$0.005 · +0.69%

Aug 24, 11:21 AM HKT

1786.HK company overview

Regular session · HKT · Market data may be delayed.

Company profile

Company website

CRCC High-Tech Equipment Corporation Limited (CRCCE) focuses on the development, manufacturing, and global distribution of specialized heavy-duty machinery for railway track upkeep, catering to markets in Mainland China and internationally. Its diverse range of rail maintenance equipment encompasses tamping machines, ballast cleaning and stabilization units, ballast regulators, materials logistics machines, and rail processing equipment. The company also provides various other substantial railway infrastructure maintenance solutions, such as catenary inspection, maintenance, and installation machines. Beyond its comprehensive machinery offerings, CRCCE produces, sources, and supplies a wide array of critical components, including bogies, electrical control systems, working devices, wheelsets, transmissions, pumps, valves, motors, and drive shafts. Moreover, CRCCE delivers comprehensive overhaul services, covering repairs, upgrades, and remanufacturing, alongside general maintenance services for both new and existing railway lines. Founded in 1954 and based in Kunming, China, the company was known as Kunming China Railway Large Maintenance Machinery Group Co., Ltd. until it adopted its current name in June 2015. CRCCE operates as a subsidiary of China Railway Construction Corporation Limited.

Industry
Industrial - Machinery
Sector
Industrials
Headquarters
CN
CEO
Daqiang Xiang
Listed since
Dec 16, 2015
Employees
1,825

Market position

52-week range

Current HK$0.73

Open
HK$0.73
Previous close
HK$0.725
Volume
43.5K
0.23× average
Average volume
185.66K
Average daily volume
Market cap
1.11B HKD
Beta
0.4
Market reference 1
50-day average
HK$0.7151
+2.08% above average
200-day average
HK$0.8361
-12.69% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
339.02M CNY
P/E (TTM)
6.62×
P/B (TTM)
0.15×
P/S (TTM)
0.28×
EV / EBITDA
1.34×
Earnings yield
11.71%
Free cash flow yield
3.36%
Dividend yield
4.52%

Profitability & efficiency

Gross margin
17.41%
Operating margin
4.36%
Net margin
4.19%
Return on equity
2.33%
Return on assets
1.54%
Return on invested capital
2.07%

Financial health

Debt / equity
0.11×
Current ratio
2.3×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends27%18%9%-0%Gross margin, FY2021: 24.93%Gross margin, FY2022: 23.50%Gross margin, FY2023: 12.91%Gross margin, FY2024: 18.90%Gross margin, FY2025: 17.41%Operating margin, FY2021: 2.08%Operating margin, FY2022: 5.00%Operating margin, FY2023: 4.36%Operating margin, FY2024: 4.43%Operating margin, FY2025: 4.36%Net margin, FY2021: 2.30%Net margin, FY2022: 4.10%Net margin, FY2023: 4.68%Net margin, FY2024: 4.11%Net margin, FY2025: 4.19%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 24.93%. Gross margin FY2022 23.50%. Gross margin FY2023 12.91%. Gross margin FY2024 18.90%. Gross margin FY2025 17.41%. Operating margin FY2021 2.08%. Operating margin FY2022 5.00%. Operating margin FY2023 4.36%. Operating margin FY2024 4.43%. Operating margin FY2025 4.36%. Net margin FY2021 2.30%. Net margin FY2022 4.10%. Net margin FY2023 4.68%. Net margin FY2024 4.11%. Net margin FY2025 4.19%.

Income trends

Revenue

3.44B CNY+10.17%

Operating income

149.69M CNY+8.42%

Net income

143.89M CNY+12.24%
Income trends across reported periods3.78B CNY2.42B CNY1.06B CNY−293.61M CNYRevenue, FY2021: 2.19B CNYRevenue, FY2022: 2.82B CNYRevenue, FY2023: 3.1B CNYRevenue, FY2024: 3.12B CNYRevenue, FY2025: 3.44B CNYOperating income, FY2021: 45.53M CNYOperating income, FY2022: 141M CNYOperating income, FY2023: 135.04M CNYOperating income, FY2024: 138.06M CNYOperating income, FY2025: 149.69M CNYNet income, FY2021: 50.38M CNYNet income, FY2022: 115.64M CNYNet income, FY2023: 145.04M CNYNet income, FY2024: 128.21M CNYNet income, FY2025: 143.89M CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 2.19B CNY. Revenue FY2022 2.82B CNY. Revenue FY2023 3.1B CNY. Revenue FY2024 3.12B CNY. Revenue FY2025 3.44B CNY. Operating income FY2021 45.53M CNY. Operating income FY2022 141M CNY. Operating income FY2023 135.04M CNY. Operating income FY2024 138.06M CNY. Operating income FY2025 149.69M CNY. Net income FY2021 50.38M CNY. Net income FY2022 115.64M CNY. Net income FY2023 145.04M CNY. Net income FY2024 128.21M CNY. Net income FY2025 143.89M CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue3.44B CNY3.12B CNY3.1B CNY2.82B CNY2.19B CNY
Cost of goods sold2.84B CNY2.53B CNY2.7B CNY2.16B CNY1.64B CNY
Gross profit598.52M CNY589.7M CNY400.14M CNY663.25M CNY545M CNY
Research and development212.18M CNY237.95M CNY358.95M CNY261.05M CNY180.15M CNY
Selling, general, and administrative69.8M CNY81.46M CNY142.97M CNY109.29M CNY166.76M CNY
Operating expenses448.84M CNY451.64M CNY265.1M CNY513.01M CNY491.45M CNY
Interest income21.77M CNY21.52M CNY20.3M CNY22.2M CNY38.68M CNY
Interest expense1.91M CNY−4.72M CNY6.61M CNY5.54M CNY6.95M CNY
Depreciation and amortization130.91M CNY128.08M CNY147.61M CNY123.66M CNY117.26M CNY
Operating income149.69M CNY138.06M CNY135.04M CNY141M CNY45.53M CNY
Net income143.89M CNY128.21M CNY145.04M CNY115.64M CNY50.38M CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 3 misses, 0 met estimates
Average EPS surprise
-88.46%
3 comparable reports
Latest EPS result
0.06

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Estimates unavailable
Quarterly EPS actual values compared with estimates0.110.080.060.03Q3 '22Q1 '23Q3 '23Q1 '24Q3 '24Q1 '25Q3 '25Q1 '26
Q3 2022, reported Aug 26, 2022: actual 0.035, estimate —, surprise —, Comparison unavailable. Q1 2023, reported Mar 24, 2023: actual 0.055, estimate —, surprise —, Comparison unavailable. Q3 2023, reported Aug 25, 2023: actual 0.032, estimate —, surprise —, Comparison unavailable. Q1 2024, reported Mar 26, 2024: actual 0.073, estimate —, surprise —, Comparison unavailable. Q3 2024, reported Aug 23, 2024: actual 0.043, estimate —, surprise —, Comparison unavailable. Q1 2025, reported Mar 27, 2025: actual 0.047, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 0.048, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 0.057, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates2.95B2.41B1.87B1.33BQ3 '22MissQ1 '23MissQ3 '23MissQ1 '24MissQ3 '24MissQ1 '25No estimateQ3 '25No estimateQ1 '26No estimate
Q3 2022, reported Aug 26, 2022: actual 1.44B HKD, estimate 2.55B HKD, surprise -43.47%, Miss. Q1 2023, reported Mar 24, 2023: actual 1.81B HKD, estimate 2.66B HKD, surprise -32.00%, Miss. Q3 2023, reported Aug 25, 2023: actual 1.73B HKD, estimate 2.84B HKD, surprise -38.90%, Miss. Q1 2024, reported Mar 26, 2024: actual 1.66B HKD, estimate 2.83B HKD, surprise -41.45%, Miss. Q3 2024, reported Aug 23, 2024: actual 1.85B HKD, estimate 2.66B HKD, surprise -30.44%, Miss. Q1 2025, reported Mar 27, 2025: actual 1.49B HKD, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 27, 2025: actual 1.89B HKD, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 27, 2026: actual 1.9B HKD, estimate —, surprise —, Comparison unavailable.

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