China Railway Materials: Chief Legal Counsel Zhang Yingnan Resigns Due to Job Change

Radar Finance | Written by Feng Xiuyu | Edited by Li Yihui

On February 27, China Railway Materials (Stock Code: 000927) announced that its Chief Legal Counsel, Zhang Yingnan, has resigned due to work changes. Mr. Zhang’s original term was until September 4, 2027. After his resignation, he will no longer hold any positions within the company or its subsidiaries. The resignation takes effect upon delivery to the Board of Directors.

The company stated that this personnel change will not adversely affect its operations or development. Mr. Zhang does not hold any shares in the company, nor are there any share lock-up commitments. The Board and all employees expressed gratitude and respect for his contributions during his tenure.

According to Tianyancha, China Railway Materials was established on August 28, 1997, with a registered capital of approximately 6.05 billion RMB. The legal representative is Zhao Xiaohong. The registered address is Room 4101, Block 2-1, Ronghui Plaza, at the intersection of Changjiang Road and Nankai Third Road, Nankai District, Tianjin. Its main businesses include comprehensive railway industry services, engineering and supply chain integration services for production materials, and comprehensive railway logistics and hazardous materials logistics services.

Currently, the company’s chairman is Zhao Xiaohong, the secretary of the board is Meng Junkui, with 4,300 employees. The actual controller is the State-owned Assets Supervision and Administration Commission of the State Council.

The company has stakes in 30 subsidiaries, including China Railway Materials Industrial Equipment Group Co., Ltd., China Railway Materials East China Group Co., Ltd., China Railway Materials Chengdu Co., Ltd., China Railway Materials Wuhan Co., Ltd., and China Railway Materials Xi’an Co., Ltd.

In terms of performance, the company’s operating revenue for 2022, 2023, and 2024 was approximately 55.2 billion RMB, 45.07 billion RMB, and 38.11 billion RMB, respectively, with year-over-year changes of -6.67%, -18.36%, and -15.43%. Net profit attributable to shareholders was approximately 709 million RMB, 635 million RMB, and 459 million RMB, with year-over-year declines of -27.44%, -19.46%, and -19.61%. During the same period, the company’s asset-liability ratio was 65.14%, 60.08%, and 51.55%.

Regarding risks, Tianyancha data shows the company has 599 internal Tianyan risks, 842 surrounding risks, 204 historical risks, and 486 early warning risks.