China Railway Hi-tech Industry Co., Ltd. (CRHIC) held its 2017 Full Year Results Presentation on March 28, 2018 at its headquarters in Beijing. Mr. Yu Zan, Deputy General Manager, Secretary of the Board and General Counselor, and Mrs. Liu Juan, Chief Accountant attended the meeting.
This was our first results presentation after the restructuring in 2017. As a leader in high-end equipment manufacturing industry, CRHIC is highly favored in the capital market. Analysts from more than 30 securities companies and funds including Zhongtai Securities, Industrial Securities, Minsheng Securities, Guotai Junan Securities, Haitong Securities, New Times Securities, CITIC Securities, GF Securities, Cinda Capital joined the meeting.
During the Presentation, Mr. Yu Zan, Deputy General Manager, Secretary of the Board and General Counselor, and Mrs. Liu Juan, Chief Accountant, respectively gave introductions about our general information, 2017 operational results, financial indicators, development strategies, etc. In the Q&A stage, investors and analysts asked a lot of questions enthusiastically. On behalf of the management, Mr. Yu and Mrs. Liu gave detailed answers for issues like plans about new orders in 2018, quantities and types of TBMs sold in 2017, our advantages in the new standard rail transit, business involved with the "Belt and Road Initiative", etc.
The communications between us and investors were further improved by means of our leaders' briefings of about our performances and strategies and the face-to-face talks with the investors and analysts in the Presentation so that the investment companies could have better understanding about our operational performances and development in the future and the investors could identify with us in a better way. It played an important role in shaping good relations with investors. Meanwhile, the successful Presentation passed our concept to the capital market for our development: we would stick to high quality development, improve our capacity to create values and bring more values to our shareholders and investors. A favorable CRHIC image was presented to the public through the Presentation that we are sound, practical, active, and responsible. It would make the capital market easier to correctly interpret our annual performance indicators and understand our measures for the development in a better way so as to play an active role in increasing our market capitalization and capital operation in the future.
Besides, after we disclosed the 2017 annual results in the night on March 27, 2018, mainstream media and websites in capital market like Shanghai Securities News, China Securities Journal, Securities Times, Securities Daily published articles about the issue. The market generally believed that after it had been restructured, changed its name and listed in the market, CRHIC provided development platform for its owners to make it a stronger, better and larger enterprise, improved the market competitiveness and its capacity to control risks. The large growth of overall performance in 2017 laid firm foundation for our sustainable and high-quality development. Especially, we planned to offer cash dividends at CNY 1.9/10 shares, totaling CNY 42 million, at 31.5% of the net income attributed to shareholders, which showed our responsibilities and return to the shareholder as a listed company, and shared the profit with our investors during our growth and development.