China Railway First Group

Name

China Railway First Group

Legal name

China Railway First Group Co., Ltd.

Website

https://en.crfeb.com.cn

Company type

Private

Founded year

1950

Operating status

Operating

Headcount range

251–500 employees

Ownership category

akta.pro rank

Headquarters

HQ city

Xi'an

HQ country

China

HQ region

Asia

Offices10 records

Markets served

GTM type

B2B

Offering type

Services

Cost components

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

Revenue model

1. Construction Contracts: CRFG generates revenue through engineering procurement and construction (EPC) contracts for railway, highway, municipal, housing, environmental, water conservancy, hydropower, and infrastructure projects. Revenue is project-based with long contract cycles.
2. Professional Services: Provides railway transportation services with operational mileage up to 1,264km and management capacity for 1,500km and 30 million tons per year.
3. Utilities Investment: Investment and construction of water treatment plants, sewage works, desalination facilities with Class A qualifications.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels4 records

Core offering

China Railway First Group Co., Ltd. (CRFG) is a large integrated construction enterprise that delivers engineering, procurement and construction (EPC) services for railway, highway, bridge, tunnel, metro, municipal, housing, environmental, water conservancy and hydropower infrastructure projects. The company operates a fleet of 4,700 pieces of construction equipment including 26 shield tunneling machines, and has built over 100 railways totaling more than 20,000 km of track along with 1,000+ km of tunnels and 1,048 km of bridges. CRFG serves government clients in China and across 20+ countries in Asia, Africa, Oceania, South America and the Middle East through a network of regional subsidiaries.

Product overview

China Railway First Group Co., Ltd. (CRFG) is a large integrated construction enterprise offering comprehensive civil engineering services. The company operates through multiple business segments including: Railway Works (track laying, girder launching, high-speed rail), Freeway Works (highway construction with premium qualification), Tunnelling (super-long tunnels and undersea tunnels), Underground Works (urban metro and tunnel shield), Structure/Bridge Engineering (over 400 bridge types), Residential Works (9.9+ million sqm built), Utilities Investment (water supply, treatment, sewage), Railway Transportation (cargo operations), Track Works (20,000+ km laid), Electrification Works (E&M services), Environmental Works, Real Estate, and Abroad Works (international projects in 20+ countries). The portfolio also includes specialized capabilities in equipment-intensive operations with 26 shield machines and 4,700+ pieces of machinery.

Differentiator

Problem solved

Functional benefit

Products and services

• Abroad Works International construction services including railway works, highway construction, housing projects, and infrastructure development delivered across Tanzania, Zambia, Pakistan, Mongolia, Saudi Arabia, Morocco, Fiji, Guyana, Venezuela, India, Singapore, Hong Kong and other countries for government clients.
• Railway Works Railway construction services including track laying, girder launching, and high-speed railway works. Completed over 100 railway lines totaling over 20,000 km, including the Qinghai-Tibet Railway, Datong-Qinhuangdao Rail line, and multiple high-speed rail projects such as Beijing-Shanghai PDL and Zhengzhou-Xi'an PDL.
• Freeway Works Highway and freeway construction services with premium qualification for freeway works in China. Involved in over 100 national trunk updated works with total length reaching 6,210 km, including the Shenyang-Dalian Rehabilitation & Upgrade works.
• Tunnelling Tunnel construction services with expertise in super-long tunnels. Built over 1,000 km of tunnels including the first undersea tunnel in China (Xiamen Xiangan Undersea Tunnel, 2.81 km), the Qinlin Tunnel (18.456 km), and the Wushaoling Tunnel (20.05 km).
• Under-ground Works Urban track and tunnel shield works for metro systems. Leading expertise in tunnel shield work in diverse working skills and technology, with projects in Beijing Metro, Nanjing Metro, and Tianjin Metro.
• Structure (Bridge Engineering) Bridge construction services. Built over 400 different types of bridges including 200 super-large bridges totaling 1,048 km. Constructed 19 super-large bridges across the Yellow River and 5 super-large bridges across the Yangzi River.
• Residential Works Residential building construction including skyscrapers, industrial buildings, and heritage buildings. Built over 9.9 million sqm of buildings including intelligent office buildings, convention center plazas, and deluxe hotels.
• Utilities Investment Urban utilities works including large-scale water supply plants, water treatment plants, sewage works, underground structures (pipe jacking), and desalination works. Built 76 water plants with over 1,000 km of pipes; holds Class A qualifications.
• Railway Transportation Railway transportation services including cargo line operation, primarily for coal transportation to fossil power plants. Operational mileage up to 1,264 km with capacity to manage 1,500 km and transport 30 million tons per year.
• Track Works Track laying works including state-of-the-art track laying, girder launching, and urban track application. Laid over 20,000 km of track and applied more than 34,200 pieces of girders. Worked on Tibet Plateau at 5,000 m above sea level.
• Electrification Works Railway and freeway electrification services including telecommunication, signaling, power traction, and high-voltage power transit works. Owns necessary qualifications for E&M work in the domestic market.
• Environmental Works Environmental engineering services covering railways, highways, urban rail, municipal works, housing construction, environmental protection, water conservancy, and hydropower as part of the group's comprehensive construction capabilities.
• Real Estate Real estate development as part of the group's diversified business portfolio alongside construction operations.

Quantifiable outcome

• Built over 100 railway lines with 20,000+ km of track laying, accounting for about one-sixth of total Chinese railway track laying
• +3 more outcomes

Named customers11 records

Segments3 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature4 records

Partnerships

Eight partnerships are on record, tiered minor and core.

• Vanuatu GovernmentminorStrategic or Co-development Partner · 23 August 2013MOU signing ceremony between CRFG Fiji Branch and Vanuatu government for infrastructure cooperation, marking CRFG's entry into Vanuatu market.
• Guyana GovernmentcoreStrategic or Co-development Partner · 11 September 2012EPC contract and financing agreement signed for Amaila Hydropower Station access road project with contract value 508 million US$. This was CRFG's breakthrough project in South America market.
• Pakistan GovernmentcoreStrategic or Co-development PartnerBi-lateral talk and MOU signing ceremony for Islamabad I-15 residential building development project. Pakistani President Zardari witnessed the signing.
• Hong Kong Civil Engineering and Development Department (CEDD)coreStrategic or Co-development PartnerOngoing cooperation with CEDD for infrastructure projects including North District Hospital Main Works. Regular delegation visits and project cooperation.
• China International Contracting AssociationminorOthersIndustry association that publishes rankings of top international contractors and provides industry development forums.
• Chamber of Chinese Enterprises in IndiaminorStrategic or Co-development PartnerCRFG elected as Vice President of Chamber in 2013. Chamber helps adjust and promote business cooperation between China and India with 162 member enterprises.
• Fiji Holding GroupcoreStrategic or Co-development PartnerCRFG constructed the FHL Tower for Fiji Holding Group - an 18-story green office building meeting Australian and New Zealand standards. Building will house Asia Development Bank and UN agencies.
• Fiji Highway AuthoritycoreStrategic or Co-development PartnerMultiple highway projects including Buca Bay Highway Upgrade and Moto Road Project under partnership with Fiji Highway Authority.

Scale indicators18 records

Recent moves9 records

Expansion highlights5 records

Direct peers

• Power Construction Corporation of China (PowerChina): Chinese central SOE focused on power, hydropower and infrastructure EPC with comparable international project finance ties (Exim Bank, CDB). Competes with CRFG on hydropower and electrification works and shares similar SOE/government-tendered business model.
• China State Construction Engineering Corporation: China's largest state-owned construction conglomerate and the most direct peer in scale and scope: performs railways, highways, bridges, tunnels, housing, and overseas EPC under similar SOE/government-tendering dynamics. Comparable as a top-tier Chinese SOE general contractor competing for the same mega-projects.
• China Communications Construction Company (CCCC): Major Chinese central SOE specializing in transportation infrastructure (ports, roads, bridges, tunnels, rail) with a similarly large international project book, including BRI projects. Direct comparable in heavy civil and overseas government-tendered EPC.
• China Railway Construction Corporation (CRCC): Sister central SOE under China's railway construction reform and the closest direct peer in railway/highway EPC, tunneling, bridge and overseas BRI contracting. Competes head-to-head on rail megaprojects and is jointly part of the small set of super-grade-qualified railway contractors.
• China Metallurgical Group Corporation (MCC): Chinese central SOE focused on metallurgy, mining, infrastructure and overseas EPC. Comparable in scale, SOE/government-tender model, and overseas project execution in resource- and infrastructure-driven economies.
• China Energy Engineering Corporation: Large Chinese SOE covering power generation, transmission, and infrastructure EPC including hydropower stations. Comparable to CRFG's hydropower/electrification works segment and shares the same overseas government-tender EPC pattern.

Broad incumbents

• VINCI: France-based global construction and concessions major. Comparable as a large, diversified international contractor pursuing public infrastructure concessions and EPC, though typically operating under Western project finance rather than BRI-linked lending.
• Bechtel: US-headquartered engineering, construction and project management firm with deep expertise in rail, tunneling, hydropower and large government-tendered infrastructure. Comparable as a global incumbent executing complex megaprojects for sovereign clients.
• Bouygues Construction: European-headquartered infrastructure and building contractor active in rail, tunnels, bridges and complex civil works. Comparable to CRFG's tunneling, bridge and rail business lines at the project level, though typically serving OECD/EU clients and concessions.
• ACS Group / HOCHTIEF: Large international construction groups (ACS via CIMIC/Turner; HOCHTIEF via Turner/Leighton) active in rail, tunneling and civil infrastructure globally. Comparable as broad incumbents pursuing government-tendered mega-transport projects with similar equipment-intensive execution profile.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat6 records

Key risks6 records

Key highlights7 records

Customer concentration

• LinkedInlinkedin.com/company/china-railway-first-group-co-ltd-

Revenue estimate

Valuation estimate

Number of profiles

Profiles12 records

Subsidiaries10 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 China Railway First Group