What industries does the old infrastructure refer to?

The old infrastructure industry refers to some infrastructure industries, mainly including railways, bridges, highways and water conservancy projects, such as China Railway Construction, Longyuan Construction, China Railway, Vanke A, Poly Real Estate and Huaxia Happiness. Old infrastructure belongs to traditional heavy industry. Compared with new infrastructure, the development potential is small, and there is little room for individual stocks to rise.

The leading stocks in the infrastructure sector are:

China Railway Construction: the Leader. China Railway 19th Bureau Group Co., Ltd. won the bid for the infrastructure stripping and production stripping project of Yulong Copper Mine reconstruction and expansion project of Tibet Yulong Copper Co., Ltd., with a total construction period of 10 year, and the bid price was about 6,850.29 million yuan. According to the 2020 annual report, China Railway Construction achieved a net profit of 22.39 billion, a year-on-year increase of 65,438+00.87%, and a compound growth of 65,438+065,438+0% in the past four years; Earnings per share 1.5000 yuan.

China Railway: the leader. Leading the infrastructure industry, mainly for infrastructure construction, survey and design and consulting services, engineering equipment and parts manufacturing and real estate development. In 2020, the company achieved a net profit of 2.51.90 billion, a year-on-year increase of 6.38%, and a compound growth of 21.02% in recent three years; Earnings per share is 0.9630 yuan.

China architecture: the dragon head. The company's main business is building construction, infrastructure, real estate and design, and it is the company with the longest professional operation history in China. In 2020, the company achieved a net profit of 44.94 billion yuan, a year-on-year increase of 7.3 1%, with a compound growth rate of10.75% in recent five years; Gross profit margin 10.83%.

Other infrastructure stocks include Hongrun Construction, Shandong Luqiao, Huashe Group, Yongfu, Zhejiang Jiaoke, China Jiao Jian, China Power Construction, China MCC, China Chemical, Tunneling, Anhui Construction Engineering, Sichuan Luqiao, Western Venture, Gansu Consulting, Huajian Group, China National Color Corporation and China Weitong.

The difference between new infrastructure and old infrastructure:

Old infrastructure is usually understood as repairing bridges, paving roads and building houses, including railways, highways, bridges, water conservancy projects and other large buildings. Investment in old infrastructure has always been an important way to stabilize economic growth and ensure employment. New infrastructure is an infrastructure construction based on science and technology, which can be said to be an infrastructure and an emerging industry. Compared with the old capital construction that emphasized assets, the new capital construction is more of a development model with light assets, high technology content and high added value, and most of the fields involved are the shortcomings of China's future economic development.