CHSR(SZ:000008)2023-05-17 13:16Group 1: Company Overview - Shenzhou High-speed Railway's total revenue for 2022 was 1.77 billion CNY, with the rail transit operation and maintenance equipment and data segment accounting for over 90% of this revenue [2] - The company is focusing on three new business segments: metro and freight dedicated railway operation, rail transit vocational training, and intelligent logistics equipment for large industrial enterprises, which are expected to increase their revenue share in the future [2] Group 2: Revenue Breakdown - High-speed rail business revenue exceeds that of urban rail business, and the gross profit margin for high-speed rail is also higher than that of urban rail [3] - As of the end of 2022, the company had a backlog of contracts worth 3.35 billion CNY, which lays a solid foundation for sustained growth [4] - In Q1 2023, the company achieved a revenue of 431 million CNY, representing a year-on-year growth of 100.08% [4] Group 3: Industry Challenges - The rail transit industry faced overall sluggishness in 2022 due to external environmental impacts, with delays in bidding, procurement, and delivery processes for upstream clients [4] - The company conducted impairment tests on assets showing signs of impairment, resulting in a total provision for impairment of approximately 602 million CNY for goodwill, inventory, receivables, and long-term assets [4]