China Railway Construction plans to increase 10 billion yuan into four major projects

China Railway Construction announced on the evening of December 16 that the company intends to sell no more than ten specific investors at a price of 7.20 yuan per share, and the non-public offering of shares will not exceed 1.38 billion shares. The total amount of funds raised will not exceed RMB 9.936 billion, after deducting relevant issuance. After the cost, it is intended to be used in the BT project of the second phase of Chongqing Rail Transit Line and the trend of the stocks of Shijiazhuang City related companies.

China Railway Construction Rail Transit Line 3 Phase 1 Xiaoshilou Station to Shijiazhuang Station Project BT Project, Chengdu Metro Line 10 Phase 1 Project BT Project, Dezhou to Shangqiu Expressway Xiajin to Liaocheng Section BOT Project and Repayment Bank Loan and Supplement Liquidity. The company's stock will resume trading on December 17, 2014.

According to the announcement, the BT project of the second phase of the Chongqing Rail Transit Line has started in February 2014 and is expected to be completed in December 2017. The contract value of the project is 9.283 billion yuan, and the accumulated investment amount is 645 million yuan. The project plans to use the raised funds of 2.5 billion yuan. If there is a shortage of funds in the follow-up project, the company will solve it by itself. The financial internal rate of return for the project is expected to be 12.31%.

The BT project of Shijiazhuang Urban Rail Transit Line 3 Phase I Xiaoshilou Station to Shijiazhuang Station was started in April 2013 and is expected to be completed by the end of September 2017. The contract value of the project is 3.45 billion yuan, and the accumulated investment amount is 820 million yuan. The project plans to use the raised funds of 1.8 billion yuan. If there is a shortage of funds in the follow-up project, the company will solve it by itself. The financial internal rate of return for the project is expected to be 12.33%.

The BT project of the first phase of Chengdu Metro Line 10 started in August 2014 and is expected to be completed in June 2017. The contract value of the project is 3 billion yuan, and the accumulated investment amount is 240 million yuan. The project plans to use the raised funds of 1.6 billion yuan. If there is a shortage of funds in the follow-up project, the company will solve it by itself. The financial internal rate of return for the project is expected to be 14.32%.

The BOT project of the Xiajin-Liaocheng section of the Dezhou-Shangqiu Expressway has started construction in mid-2013 and is expected to be completed in mid-2016. The total investment of the project is 3.194 billion yuan, and the accumulated investment amount is 1.72 billion yuan. The project plans to use the raised funds of 1.2 billion yuan. If there is a shortage of funds in the follow-up project, the company will solve it by itself. The financial internal rate of return for the project is expected to be 8.28%.

The market generally expects that the domestic infrastructure construction investment and construction engineering market is expected to grow steadily. The company's additional fundraising will help strengthen its financial strength, seize the current opportunities, and expand and strengthen the main business of construction projects. It will also help the company to develop overseas. Market, open up business areas. The fundraising investment project is in line with the relevant national industrial policies and the overall strategic development direction of the company in the future, and has good market development prospects and economic benefits. The implementation of this fundraising investment project will further enhance the company's urban rail transit and highway construction capabilities. After the completion of the project, it will increase the company's new profit growth point and improve the company's profitability, laying a solid foundation for the company's development in the future.

After the completion of this issuance, as the fund-raising investment project requires a certain construction period, the company's return on net assets will be affected to a certain extent in the short term. In the medium and long term, as the project continues to generate benefits, the company's new revenue and profit growth points will gradually form, the company's income and profit levels will be greatly improved, and the company's profitability and profitability will continue to increase.

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