The hottest Xiamen Industrial Co., Ltd. turns to t

2022-09-21
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Xiamen Engineering Group Co., Ltd. turns to "underground" to seek business opportunities

in recent years, the development of underground space has attracted more and more attention under the background of the national subway construction. At the same time, in the context of the continued sluggish main business, Xiamen Construction Machinery Co., Ltd. (600815, SH), as one of the leading domestic construction machinery enterprises, has focused on the new business of developing underground space

February 22 Grinding wheel specification: (MP ⑵) g260apri170 × forty × On the 6th of December, Xiamen Engineering Group Co., Ltd. announced that its holding subsidiary would jointly establish Xiamen Underground Space Engineering Development Co., Ltd. (hereinafter referred to as the joint venture) with China Railway Tunnel and Xiamen Municipal Design Institute to enter and expand the field of urban underground space development, which would enable 3D printing materials to be reshaped, repaired and recycled

some people believe that the current development of underground space construction in large and medium-sized cities across the country, such as underground expressways (subways), integrated pipe corridors, underground shopping malls and smart city construction, is expected to reach 150000 ~ 200000 tons by 2020, with great potential for exhibition. The development prospect of the joint venture is promising

eyes on underground space

the announcement shows that Xiamen Xiagong China Railway Heavy Machinery Co., Ltd. (hereinafter referred to as Xiamen Xiagong China Railway), a holding subsidiary of Xiamen Engineering Group, plans to establish Xiamen Underground Space Engineering Development Co., Ltd. (tentative name, subject to the name approved by the legal registration authority) in Xiamen with China Railway Tunnel and Xiamen Municipal Engineering Design Institute, and the registered capital of the joint venture is 100 million yuan, Among them, Xiamen iron and Steel Group Co., Ltd. contributed 82million yuan, accounting for 82% of the registered capital of the joint venture; China Railway Tunnel invested 15million yuan, accounting for 15% of the registered capital of the joint venture; Xiamen Municipal People's court contributed 3million yuan, accounting for 3% of the registered capital of the joint venture

the joint venture will enter and expand the field of urban underground space development, first taking Xiamen as the center and radiating Fujian Province and surrounding areas, to develop the investment, construction and operation of underground space such as underground expressway, integrated pipe gallery, underground commerce, smart city construction, etc

XCMG believes that the joint venture is conducive to promoting the market development of XCMG's multi series shield machines and other products, and is conducive to the development of investment and operation of underground space development projects related to its main products, looking for new business opportunities, realizing business model innovation, and enhancing its ability to resist market risks. The joint venture will be registered in Fujian Xiamen free trade zone

it is reported that the joint venture company Xiamen Railway Group Co., Ltd. and China Railway Engineering Equipment Co., Ltd. established Xiamen Railway Heavy Machinery Co., Ltd. in 2013

will benefit from the construction of Xiamen Metro

the author found that the operating income of Xiamen Railway Engineering Group has increased significantly in recent years. The announcement shows that the total assets of Xiamen Railway Engineering Group in 2014 were 309 million yuan, and the annual operating income was 110 million yuan; As of September 30, 2015, the total assets were 346million yuan, and the operating income from January to September was 220million yuan

Xiamen Railway Group Co., Ltd. has benefited significantly from the construction of Xiamen Metro. In April 2014, the first shield machine of Xiamen Railway Group Co., Ltd. officially went offline, which is the first shield machine "tailored" for Xiamen metro project. It is also reported that as of November last year, 11 sets of cet6450 earth pressure balance shield machines of Xiamen Railway Group have been used for the tunneling construction of Xiamen Rail Transit Line 1, with a completion rate of 90%. At the same time, 4 orders have been added, which are planned to be used for the construction of Xiamen Metro Line 2

the joint venture established this time will also be based on the opportunity of Xiamen metro construction, but it is worth mentioning that there are still certain income risks in the project

XCMG believes that the development of urban underground space is a major government action. Some underground space projects have strong public welfare, their own profitability is not strong, and the investment payback period is long

in addition, at this stage, the development of urban underground space will largely adopt the PPP project mode. Underground space development projects often have huge investment and high financing costs

XCMG said that it would strive for government support as much as possible, including financing, subsidies, policies, compensation projects, non competition guarantees, etc., to make up for the lack of its own income in the early stage of the project; At the same time, change single development into comprehensive development, actively explore supporting projects that increase the commercial added value of the project, and explore more commercial value of underground space projects

it will not only wear and scratch the surface of some parts

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