Railway Construction Heavy Industry's overseas business revenue increased by 182.28% year-on-year, with significant results in globalization strategy
Recently, China's leading engineering machinery industry, Railway Construction Heavy Industry, released its performance report for the first half of 2023, among which overseas business performance was particularly impressive. Data shows that Railway Construction Heavy Industry's overseas business revenue increased by 182.28% year-on-year, becoming the focus of industry attention. This achievement not only demonstrates the competitiveness of the company in the international market, but also provides strong support for the global development of China's high-end equipment manufacturing industry.
1. Overseas business revenue growth leads the industry
According to the financial report released by Railway Construction Heavy Industry, the company's overseas business revenue reached the first half of 20234.26 billion yuan, a year-on-year increase of 182.28%. This growth rate far exceeds the average level of the domestic industry, highlighting the strong performance of Railway Construction Heavy Industry in the international market. The following are comparative data on overseas business revenue in the past three years:
| years | Overseas business revenue (billion yuan) | Year-on-year growth rate |
|---|---|---|
| 2021 | 15.1 | 67.3% |
| 2022 | 23.8 | 57.6% |
| 2023 | 42.6 | 182.28% |
It can be seen from the table that the overseas business revenue of Railway Construction Heavy Industry showed an accelerated growth trend, and the growth rate in the first half of 2023 hit a record high. Behind this achievement is the company's deep cultivation and strategic layout in the global market.
2. Global market layout has achieved remarkable results
Railway Construction Heavy Industry's overseas business covers many countries and regions, especially in the market along the "Belt and Road". The following are the main sources of overseas business revenue in the first half of 2023:
| area | Revenue proportion | Year-on-year growth rate |
|---|---|---|
| Southeast Asia | 35% | 210% |
| Africa | 25% | 185% |
| middle East | 20% | 160% |
| Europe | 15% | 120% |
| Other regions | 5% | 90% |
From the perspective of regional distribution, the Southeast Asian market has become the main driving force for the growth of Railway Construction Heavy Industry's overseas business, with revenue accounting for 35%, a year-on-year increase of 210%. The African and Middle East markets also performed well, with growth of 185% and 160% respectively. Although the growth rate of the European market is relatively low, it still maintains a growth of 120%, indicating that the comprehensive breakthrough of Railway Construction Heavy Industry in the global market.
3. Product competitiveness continues to improve
The growth of Railway Construction Heavy Industry's overseas business is inseparable from the continuous improvement of its product competitiveness. In recent years, the company has increased its investment in R&D in high-end equipment and launched a series of products that meet international market demand. The following are the sales of major overseas products in the first half of 2023:
| Product Category | Sales revenue (billion yuan) | Year-on-year growth rate |
|---|---|---|
| Tunnel boring machine | 18.5 | 195% |
| Rail Transit Equipment | 12.3 | 180% |
| Mining machinery | 8.2 | 170% |
| Other products | 3.6 | 150% |
As the core product of Railway Construction Heavy Industry, tunnel boring machines performed particularly well in the overseas market, with sales revenue reaching 1.85 billion yuan, a year-on-year increase of 195%. Rail transit equipment and mining machinery have also achieved rapid growth, with an increase of 180% and 170% respectively. These data fully prove the competitiveness of Railway Construction Heavy Industry products in the international market.
4. Future Outlook: Globalization Strategy Continues to Advance
Railway Construction Heavy Industry said that it will continue to increase its expansion efforts in overseas markets in the future, especially in countries along the "Belt and Road" and emerging markets. The company plans to further increase its market share through localized production, technical cooperation and other means. At the same time, Railway Construction Heavy Industry will strengthen cooperation with internationally renowned enterprises to jointly develop the high-end equipment market.
Industry insiders analyzed that with the continuous heating of global infrastructure construction, Railway Construction Heavy Industry's overseas business is expected to maintain rapid growth. The deepening of its globalization strategy has not only brought generous returns to enterprises, but also set a benchmark for the international development of China's high-end equipment manufacturing industry.
In general, Railway Construction Heavy Industry's overseas business revenue increased by 182.28% year-on-year, demonstrating the company's strong competitiveness in the international market. In the future, with the continuous advancement of the globalization strategy, Railway Construction Heavy Industry is expected to make greater breakthroughs on the international stage.
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