China Railway Engineering Group saw 17.7% revenue growth in 2021, thanks to an increase in its infrastructure construction business, bringing it up to No. 34 on the Fortune Global 500. It is the world’s second largest construction company, behind only China State Construction Engineering, and China’s 10th-largest company by revenue. China Railway Group, its publicly traded subsidiary, secured 46.6% of China’s large and medium-size railway projects in 2021; it has also benefited from China’s zero-COVID policy, building a number of makeshift hospitals across the country. Despite pandemic-related setbacks owing to supply-chain and labor shortages, the company brought in over $8 billion in revenue from overseas, thanks to projects including the construction of a major bridge in Bangladesh, completed in June 2022; a 67-kilometer (41-mile) railway in Egypt that opened in July 2022; and a $2.77 billion contract for a railway project in the Philippines, signed in January 2022.
Zhang Chang—China News Service via Getty Images
Company Information
As of 8/3/2022
Country
China
Headquarters
Beijing
Industry
Engineering & Construction
CEO
Chen Wen Jian
Website
Company Type
Private
Ticker
-
Revenues ($M)
$166,452
Profits ($M)
$1,853
Market Value ($M)
-
Employees
310,817
Government owned 50% or more.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$166,452.1
17.7%
Profits ($M)
$1,853.2
13.1%
Assets ($M)
$215,913.3
-
Total Stockholder Equity ($M)
$19,234.9
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
1.1%
Profits as % of Assets
0.9%
Profits as % of Stockholder Equity
9.6%
China Railway Engineering Group Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $141,38414.6% | $1,6396.7% | $185,316 | $17,161 |
| 2020 | $123,32410% | $1,53523.7% | $152,983 | $14,558 |
| 2019 | $112,1339.1% | $1,2416.1% | $137,914 | $12,529 |
| 2017 | $96,979-2.5% | $924-6% | $108,864 | $10,806 |
| 2016 | $99,435-0.1% | $9832.4% | $110,319 | $11,090 |
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