As for industrial business, CRM focuses on research and development of railway-related products and maintains an important position in the market. We have expanded the range of our industrial products to high-end products, such as high-speed spring bar fastener, rail welding, metro segment. In addition, CRM, through encouraging innovation and optimizing the allocation of resources, provides railway construction materials and sleepers in bulk to major projects in China, including Hefei-Fuzhou High-speed railway, Shangqiu-Hangzhou High-speed Railway, Hefei-Anqing High-speed Railway and Inner Mongolia-Jiangxi Railway.
The equipment of Heavy-Duty Railway Series jointly developed by CRM and China Academy of Railway Sciences had been supplied to Inner Mongolia-Jiangxi Railway and later passed the American heavy-duty test. After that, the railway equipment by American standard successfully passed the test and was then produced in large quantities. We also cooperate and establish joint-venture companies with other central enterprises to develop products like metro segments, which have already been applied to many urban rail transit markets. Pursuing the “going out strategy” of Chinese railway, we established production base in Guangtong, China Mohan Port of Yunnan province, which signifies that the production base of CRM covers markets in northern, northwestern, middle-eastern and southwestern China. We also promote the “Belt&Road” initiative by applying the products, technology and standards of Chinese railway into Pan-Asian railway construction area.