In the morning of August 7th, China Railway Signaling and Communication Corporation (03969 HK) had its listing ceremony in Stock Exchange of Hong Kong, marking CRSC’s debut in the international capital market. As the 4th largest IPO this year, CRSC has extensive market prospect and unique competitive advantage.
CRSC’s chairman Zhou Zhiliang gave an exhilarating address, expressing his gratitude to the support by State-Owned Assets Supervision and Administration Commission of the State Council (SASAC), supervision departments both in Hong Kong and mainland, and all the investors. He also gave credit for the professional work by intermediary agencies. Mr. Zhou noted that being listed in HK Stock Exchange is an important milestone in the history of CRSC’s development, making a start for achieving future strategic goals and unveiling a new page for CRSC. He also said that CRSC would take advantage of this opportunity to enhance its profitability; it would adhere to the listing rules and regulate corporate operation, and demonstrate CRSC’s image as a large state-owned enterprise with consolidated foundation, continuous innovation and a new leap. Mr. Zhou added that CRSC resolves to pay back shareholders, customers and society with sustained, rapid and healthy developing performance.
Zhou Zhiling, Chairman of CRSC (right) and Li Xiaojia (left), CEO of HKEx exchanging congratulations
With the powerful strike of the gong, the information of CRSC’s stocks were displayed on the big screen. Zhou Zhiling, Chairman of CRSC (right) and Li Xiaojia (left), CEO of HKEx exchanged gifts and congratulations
After the listing ceremony, Mr. Zhou was interviewed by more than 30 news media from both home and abroad in the media area. Questions such CRSC’s market outlook, development opportunities and internationalization strategy were answered.
CRSC is the world biggest provider of rail transit control system solutions. As the pioneer and leader of domestic rail transit control systems, CRSC is dedicated to providing professional one-stop service for customers in terms of engineering integration, equipment manufacturing and system hand-over in the field of rail transit control system. By introducing the “three in one” business model, CRSC becomes the world’s only solution provider that can independently provide all sets of products and services in regard of rail transit control systems, and at the same time, it can hold advantage in each link of the industry chain.
Since the start of the IPO preparation, CRSC IPO working group and all the intermediaries had being in close cooperation. CRSC’s reputational background and comprehensive competitive advantage have attracted much attention and are heavily favored by capital market. In addition, the efficaciousness and enterprising spirit of the management team had made a profound impression on the investors. Against the backdrop of Chinese government’s strategy of “high-speed railway going overseas” and “one belt, one road”, CRSC will devote itself to the construction of sever major segments: communication & signaling, power electrification, total contraction, capital operation, overseas business, emerging business, and information engineering business. Meanwhile, CRSC would constantly optimize its science-technology research and development system, making sure prompt industrialization of R&D achievement. It would also continuously consolidate and promote its leading position in the industry and make every effort to be an international conglomerate which is characterized by rail transit control technology.
CRSC’s board members, cornerstone investors and representatives of intermediaries attended the listing ceremony.