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Qinhuangdao Tianye Tonglian Heavy Industry Co., Ltd. (002459)
Tianye Tonglian is currently the largest supplier of lifting and transportation equipment for railway bridge construction in China. In 2007, the domestic market share of the company's 900 ton series of lifting and lifting equipment reached 26%, ranking first in China. At present, the main products of Tianye Tonglian are 900t series bridge erector, beam carrier and beam lifter, which are mainly used in railway bridge construction projects in China. In 2007, the company's TLJ900 railway bridge erecting machine, TLC900 beam carrier and SDLB double guide beam bridge erecting machine were identified as high-tech products by Hebei Provincial Department of science and technology; In 2008, the company's "Research on development and application of TLJ900 bridge erecting machine and TLC900 beam carrier" won the first prize of science and technology innovation achievement award of China Construction Enterprise Management Association in 2007 and the special prize of science and technology award of China Railway Construction Corporation.
From 2007 to 2009, the company's operating revenue was 496.4787 million yuan, 810.4328 million yuan and 1003.7182 million yuan, respectively, with an increase of 63.24% and 23.85% in 2008 and 2009 compared with the previous year; In 2007, 2008 and 2009, the net profit attributable to the parent company was 20.9664 million yuan, 58.7472 million yuan and 81.1220 million yuan respectively, which increased by 180.20% and 38.09% respectively in 2008 and 2009 compared with the previous year. From 2007 to 2009, the company's net profit margin of sales reached 4.22%, 7.25% and 8.08% respectively, indicating that the company's profitability has been increasing. The main reason for the increase of net profit rate in 2008 is that Tianye Tonglian is recognized as a high-tech enterprise and enjoys 15% preferential income tax rate. The main reason for the increase of net profit rate in 2009 is the increase of gross profit rate of railway bridge construction lifting and transportation equipment. From 2007 to 2009, the proportion of the company's operating profit in the total profit was 100.01%, 94.99% and 95.32% respectively, indicating that the operating profit is the main source of the company's profit.
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