Cash Back Kaboom

Name

Cash Back Kaboom

Legal name

今创集团有限公司

Website

https://cashbackkaboom.com

Company type

Public

Founded year

1988

Operating status

Operating

Headcount range

1–10 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Rochester

HQ country

United States

HQ region

North America

Offices13 records

Markets served

GTM type

B2B

Offering type

Hardware or Manufacturing

Cost components

Personnel, Operations, Technology or R&D, Supply Chain, Marketing or Sales, Infrastructure

Revenue model

1. Rail Vehicle Interior Equipment Manufacturing: Design, production, and sales of rail vehicle interior products including door systems, seating, kitchen equipment, windshields, passenger information systems, and electrical control systems. Products are sold directly to rail vehicle manufacturers and operators as integrated systems or individual components.
2. Environmental Protection and Sanitation: Comprehensive solutions for rural domestic sewage, landfill leachate, and urban domestic waste transfer including planning, engineering, technology R&D, equipment manufacturing, investment, construction, and operational management.
3. Real Estate Development: Real estate investment, development, and sales, along with building materials, steel, and decoration materials sales.
4. Ship Interior Turnkey Solutions: Marine accommodation turnkey solutions including interior and HVAC systems for cruise ships, yachts, and special vessels.
5. New Energy Solutions: Energy storage products, integrated new energy applications, smart energy management and operations platforms, zero-carbon industrial park planning, and project contracting services.

Go-to-market motion2 records

Distribution channels3 records

Marketing channels5 records

Core offering

Cash Back Kaboom (associated with KTK Group / 今创集团, stock code 603680) designs, manufactures, and delivers rail transit vehicle interior equipment systems and platform screen doors for urban rail, high-speed rail, and locomotive applications. The company operates an integrated value chain spanning R&D, design, production, sales, and after-sales service, supplying door systems, seating, kitchens, windshields, lighting, passenger information systems, and energy-saving products.

Product overview

Cash Back Kaboom (今创集团/KTK) is a diversified industrial conglomerate with rail transit equipment as its core business. The company operates five major segments: rail transit equipment (main), environmental sanitation, electronic communications (5G), real estate, and shipbuilding. The rail transit equipment business offers a comprehensive product portfolio comprising three main categories for high-speed trains (EMU), urban rail transit, and coaches, with over 1,000 specialized products including interior decoration systems, door systems, seating, kitchen equipment, lighting, windshields, electrical systems, and passenger information systems. Products are manufactured through over 20 subsidiaries globally including manufacturing bases in China, France, Singapore, India, and Australia. The company provides complete turnkey solutions from design through production and delivery, supported by smart manufacturing capabilities and intelligent operations platforms. Additional business segments include new energy solutions (energy storage, distributed photovoltaic, zero-carbon parks), environmental solutions (sewage treatment, waste management), marine interiors, construction services, and real estate development.

Differentiator

Problem solved

Functional benefit

Brands

• 今领新能源: New energy subsidiary focusing on energy storage, smart energy management and zero-carbon industrial parks
• 今创环境
• KTK Marine (今创船舶)
• 今创重工
• 智芯科技

Products and services

• Rail Vehicle Door Systems Interior and exterior door systems for metro cars, high-speed trains, and locomotives, supplied to rail vehicle OEMs and transit operators.
• Rail Vehicle Seating Systems Passenger and crew seating solutions for urban rail vehicles, intercity trains, and locomotives, engineered for rail interior applications.
• On-Board Kitchen and Catering Equipment Kitchen modules and catering equipment integrated into dining cars and crew areas of rail vehicles.
• Locomotive Front Windshields Engineered front windshields for locomotives and high-speed rail vehicles, designed to meet rail safety and visibility standards.
• Interior Lighting Systems LED and conventional interior lighting products for rail vehicle cabins, including energy-saving lighting solutions.
• Passenger Information Systems On-board passenger information display and announcement systems for rail vehicles, including energy-efficient display products.
• Platform Screen Doors (PSDs) Full-height and half-height platform screen door systems for metro stations, including control systems integration.
• Energy-Saving Products for Rail Vehicles Energy-efficient components and sub-systems for rail vehicles, including lighting and information display modules designed to reduce power consumption.
• Real Estate Development Real estate development operations conducted through subsidiary entities as a diversification line outside the core rail business.

Quantifiable outcome

• Platform screen door systems operate at 700,000 consecutive stable cycles
• +4 more outcomes

Named customers11 records

Segments5 records

Ideal customer profiles2 records

Technology focussed Yes

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

AI capability6 records

Feature7 records

Partnerships

14 partnerships are on record, tiered core, major and supporting.

• China Railway Construction Machinery (CRCC) Zhongtie KegangcoreStrategic or Co-development Partner · 23 April 2024Deep strategic cooperation signed in Wuhan on April 23, 2024. Partnership focuses on big transportation sector collaboration and new ecosystem development. Jiangsu Changkuang and CRCC Zhongtie Kegang signed strategic cooperation agreement for mining equipment and engineering solutions.
• China Railway Rolling Stock Corporation (CRRC)coreStrategic or Co-development PartnerStrategic supply partnership for rail vehicle interior systems. KTK is a key interior system supplier to China's dominant rail vehicle manufacturer, providing door systems, seating, kitchen equipment, and integrated solutions.
• AlstomcoreStrategic or Co-development PartnerStrategic partnership with global rail equipment leader for interior systems and components. KTK supplies comprehensive interior solutions to Alstom's global rail vehicle projects.
• BombardiercoreStrategic or Co-development PartnerLong-standing strategic partnership with Bombardier for rail vehicle interior systems. KTK provides integrated interior solutions for Bombardier's global train projects.
• SiemenscoreStrategic or Co-development PartnerStrategic supply partnership with Siemens for rail vehicle interior components and systems. KTK serves as interior system supplier for Siemens rail projects.
• HitachicoreStrategic or Co-development PartnerStrategic partnership with Hitachi for rail vehicle interior systems. KTK supplies comprehensive interior solutions to Hitachi's rail vehicle manufacturing operations.
• Korea RotemcoreStrategic or Co-development PartnerStrategic supply partnership with Korea Rotem for rail vehicle interior systems. KTK provides integrated interior solutions for Rotem's train projects.
• CRRC Qingdao SifangmajorStrategic or Co-development PartnerStrategic supplier for Fuxing Intelligent Sleeper Train projects. Received commendation letter from CRRC Qingdao Sifang for excellent performance in the Fuxing Intelligent Sleeper Train project.
• Voith (Shanghai Fuoyite Xiaogu Chēgōu)majorStrategic or Co-development PartnerJoint venture established in 2009 for train coupler systems - Shanghai Voith Xiaogu KTK coupler technology joint venture.
• Changzhou UniversitysupportingTechnology or IntegrationCollaborative research partnership with Changzhou University for environmental protection technologies including concentrated brine desalination and CDI desalination technology.
• Nanyang Technological University SingaporesupportingTechnology or IntegrationInternational research collaboration with NTU Singapore for smart safety, smart environmental protection technologies, and green low-carbon circular development through mixed-ownership innovation platform.
• CNOOC (China National Offshore Oil Corporation) Coating Research InstitutesupportingTechnology or IntegrationResearch collaboration on coatings technology for anti-corrosion applications in nuclear, military, and petrochemical ship industries.
• China National Nuclear Power (CNNC)supportingTechnology or IntegrationTwenty-year collaboration in nuclear power crane and hoisting equipment with products covering hydraulic products, cooling water pretreatment systems, tools, nuclear insulation layers, and cranes.
• China Nuclear Industry (CGN)supportingTechnology or IntegrationLong-term partnership in nuclear power projects including Gansu Nuclear Industrial Park, 404 Mining Area military projects, Qinshan Nuclear Power, Daya Bay Nuclear Power, Xudabu Nuclear Power.

Scale indicators16 records

Recent moves11 records

Expansion highlights6 records

Broad incumbents

• Hitachi Rail: Japanese-anchored global rail OEM and a disclosed KTK strategic partner. Comparable to KTK as both a customer and a peer with shared exposure to UK/European rolling stock platforms.
• Alstom: Global rail OEM and a disclosed KTK strategic partner across multiple product lines. Alstom is both a customer (rail interiors sourced from KTK) and a benchmark competitor for integrated interior capability through its acquisitions of Bombardier Transportation and Faiveley-era assets.
• Wabtec Corporation (formerly GE Transportation): US-listed rail equipment major that acquired Faiveley Transport, giving it a leading position in rail vehicle interiors, doors and braking. Directly comparable to KTK because both supply integrated interior systems to the same global rail OEMs (Alstom, Siemens, Hitachi, CRRC partners), making Wabtec/Faiveley KTK's most direct global competitor in high-end interiors.
• Knorr-Bremse: German rail braking and onboard systems supplier that has expanded into door systems, HVAC and interior sub-assemblies. Comparable to KTK as a tier-1 supplier of safety-critical rail subsystems (doors, HVAC, control) into the same European and Chinese OEM customers.
• CRRC Corporation: World's largest rail vehicle OEM and KTK's largest disclosed customer. CRRC is the dominant domestic counterpart — comparable as a Chinese rail equipment platform but vertically integrated in a way KTK is not, providing the upstream reference point for KTK's positioning as a non-captive interior specialist.
• Hyundai Rotem: Korean rail OEM and disclosed KTK strategic partner (referenced as Korea Rotem). Comparable as a regional rail OEM integrating interior systems, and a useful reference for KTK's cross-regional supply relationship.
• Siemens Mobility: In-house rail OEM that produces its own interiors and is also a KTK customer. Overlaps with KTK in rail interior equipment but as a customer and partially as a competitor on Siemens-owned platforms, making Siemens both a reference customer and a benchmark for in-house capability.

Emerging players

• IFE (IFE Innovations) / Kiel Group: European specialist supplier of rail vehicle entrance systems, doors and interior modules to rail OEMs including Alstom and Siemens. Direct functional overlap with KTK's door operating mechanisms and interior product lines.
• Dellner Couplers: Swedish specialty supplier of rail couplers and connection systems, an adjacent product category where KTK has a competing JV with Voith. Useful niche comparator for KTK's coupler and gangway subsegments.

Direct peers

• Voith (Voith Turbo / Voith Couplers): German engineering major with rail coupling, drive and interior competencies and an explicit joint venture with KTK (Shanghai Voith-Xiaogu KTK Coupler JV, 2009). Direct peer — same customer base and a formal JV partner — making Voith the closest formal comparator.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks7 records

Key highlights7 records

Customer concentration

Compliance11 records

Revenue estimate

Valuation estimate

Number of profiles

Profiles17 records

Subsidiaries28 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Cash Back Kaboom