Xinjiang Beixin Road & Bridge Group Co., Ltd
北新路桥
002307
Shenzhen Stock Exchange
Company Profile
Xinjiang Beixin Road & Bridge Group Co., Ltd. (hereinafter referred to as Beixin Road & Bridge Group) was listed on the Shenzhen Stock Exchange in November 2009 (Stock Code: 002307). The total share capital of the group is 1.268 billion RMB. For many consecutive years, the amount of new projects and output value have both exceeded 20 billion RMB. There are more than 130 incorporated companies, branches, business divisions, and foreign offices under the group. The business covers 26 provinces (autonomous regions and municipalities) in China and 10 countries overseas. Beixin Road & Bridge Group holds more than 70 qualifications, such as Top-Class Qualification of General Contracting in National Highway Engineering Construction, Grade A of Engineering Design for Highway Industry, Grade I of General Contracting for Municipal Public Works, Grade I of General Contracting for Construction of Architectural works, as well as General Contracting Qualification for Foreign Aid Turnkey Projects and Domestic Road Cargo Transportation Qualification. The qualifications cover many fields, including civil engineering construction, and the business scope involved in road, municipal, housing construction, railway, mining construction, electric power, real estate development, operation and maintenance, survey and design, test and detection, consulting and advisory services, financing and leasing, production of building materials, labour export, electronics and intelligence, international and domestic trade and other fields. Beixin Road & Bridge Group adheres to the market strategy of "Deepen within Xinjiang, expand domestic, optimize overseas." It has completed more than 1,000 key engineering projects, and some of the projects it has undertaken have won China Construction Engineering Luban Prize (National Quality Project), Tien-yow Jeme Civil Engineering Prize, the Li Chun Award of Highway Traffic Quality Project, the National Municipal Golden Cup Demonstration Project Award, and China Steel Structure Gold Award, among the highest awards in the Chinese construction industry, accumulated more than 200 honours at all types and levels. In 2023, the group was selected as one of the "Top 500 Chinese Transportation Enterprises." In the management and operation of overseas projects, Beixin Road &Bridge Group has continuously improved the management ability and level of international engineering construction, won the praise of many owners, and brightened the golden brand of the group in overseas engineering construction. In the long-term practice, it has summed up and accumulated "four advantages". 1 Advantage of Road and Bridge Construction In the past 30 years, Beixin Road & Bridge Group has completed a total of 67 overseas construction projects, including 59 highway construction projects with a total length of 2782.158 km, 3 bridge construction projects with a total length of more than 3444 meters, and 2 building construction projects with a total area of 21983.92 square meters, as well as 3 airport construction projects. It has accumulated rich overseas Road & bridge construction experience. 2 Advantage of Qualifications Beixin Road & Bridge Group is the first enterprise in Xinjiang's construction enterprises to obtain the Qualification of General Contractor for Foreign Aid Package Projects, and in 2004, it obtained the overseas contracting engineering license issued by the Ministry of Commerce of China. 3 Advantage of Market Competition Beixin Road & Bridge Group seized the development opportunities of the "Belt and Road" initiative, relying on its excellent performance, won the trust of the owners of the project and the recognition of the economic and trade offices of the local embassies and consulates, especially in the five countries of Central Asia, and established a good cooperative relationship with the owners, designers and construction units such as the local highway bureau, civil aviation bureau and post-disaster commission. The reputation and popularity of the "Beixin Road & Bridge Group" brand have been greatly enhanced. In the future, Beixin Road & Bridge Group will adhere to the corporate mission of "creating the greatest value for shareholders, seeking lasting well-being for employees, and forging a century-old project for society," based on the main business of construction, comprehensively enhancing capital operation capabilities, promoting the construction of new-generation urban complexes, new types of city-industry integration, and industrial park construction, expanding the business of "new infrastructure" and trying to integrate into the "carbon peak and carbon neutrality" field, striving to build the enterprise into a large-scale comprehensive enterprise group with a prominent main business, excellent industrial structure, and strong competitiveness, integrating "investment, financing, construction, management, maintenance, and operation," with the construction industry as the main business, a comprehensive service provider of China's modern infrastructure construction, and a vanguard of"going global" of Xinjiang enterprises.
Full description
Xinjiang Beixin Road & Bridge Group Co., Ltd. (hereinafter referred to as Beixin Road & Bridge Group) adheres to the strategic development concept of "Deeply cultivating within Xinjiang Province, Expanding outside Xinjiang Province, and Optimizing Overseas Markets". Beixin Road & Bridge Group always keeps the faith of company’s value of "Honesty, Trustworthiness, and the Pursuit of Excellence", and the company’s mission of "Creating Maximum Value for Shareholders, Seeking Lasting Benefits for Employees, and Building Century-model Projects for Society". It practices the new development concept, transfer its intellection and builds the "3+3+N" development sectors (the first "3" refers to the engineering construction sector, the industrial sector, and the tertiary industry and service sector; the second "3" refers to the traditional construction of highways, municipal and housing construction; "N" refers to new sectors such as new infrastructure, new energy construction, mine engineering, and electric power engineering). It persists in the directions of "Marketization, Legalization, and Internationalization", realizes the integration of resources, businesses, markets, and production among internal enterprises. Guided by design and consultation and driven by investment and operation, with the main construction business as the support, improvement of the service consciousness and capacity level, and transforms from a general engineering contractor into a full-life cycle service provider in the construction industry, covering construction planning, design and consultation, investment and construction, operation and maintenance. It further extends the industrial and value chain of the construction industry, and focuses on building an enterprise group with comprehensive service capabilities for the entire infrastructure industry chain, integrating the businesses of "Investment, Financing, Construction, Management, Maintenance, and Operation". I.Construction Business of Public Transportation Infrastructure The Company actively constructs a diversified business system of "Construction +" with infrastructure diversification. Horizontally, it coordinates the development of infrastructure, new industries, science and technology service industries, urban complex businesses, and trade logistics. Vertically, it bases on construction and consolidates its general contracting capabilities for engineering projects, strengthens the integrated management level of "Investment, Financing, Construction, Management, Maintenance, and Operation", and creates comprehensive service capabilities for the entire infrastructure. II.Main Business Models The Company's main construction business is public transportation and infrastructure. Currently it has two main business models which refer to the single project contracting model and the model of investment, financing and construction. Single Project Contracting Model: The Company provides general construction contracting services or specialized project contracting services to clients with its engineering contracting qualifications. Investment, Financing and Construction Model: The Company utilizes its own investment and financing capabilities, combines construction operation with capital operation, and adopts models of the EPC (Design-Procurement-Construction), the EPC+F (Design-Procurement-Construction-Financing), the BOT (Build-Operate-Transfer), and the PPP model (Public-Private Partnership) and etc. III.Market Competition Pattern and Market Position In the field of infrastructure construction, the super national enterprises are the leaders in the construction, highway, railway and other construction industries, while local enterprises have stronger competitiveness in their respective regional construction markets. Since its establishment, the Company has been committed to building brand advantages and shaping the corporate image, and has focused on the transportation construction. After more than 20 years of accumulation and development, by continuously improving project quality and service awareness, the Company has gained a certain level of brand popularity and reputation, and has been widely recognized by domestic and foreign clients. With the intensification of market competition, the Company has accelerated its transformation from a single business to diversified businesses. Its business types mainly focus on the traditional construction of highways, municipal and housing construction. It has further stepped into new sectors such as 5G new infrastructure, new energy infrastructure for photovoltaic and wind power, mine engineering, water conservancy and etc.projects. The Company has transformed and upgraded across the entire industrial chain, including technology research and development, survey and design, etc., and has expanded from regional businesses to a national and international scope. It has successively undertaken projects in 26 provinces (autonomous regions and municipalities) in China and 10 foreign countries, and participated in the credit evaluation of highway in 14 provinces and cities in China. It has formed an efficient and fast market contracting and development model, with rich construction experience and strong market competitiveness, and integrates "Investment, Financing, Construction, Management, Maintenance, and Operation".