Milestones

  • 2001

    Hebei Yichen Industrial Group Corporation Limited (formerly known as Hebei Yichen Industrial Group Co., Ltd.) established.

  • 2003

    Entered into the PRC subway market by participating in the Nanjing subway project as supplier of rail fastening system.

  • 2006

    Participated in the Guizhou-Guangxi Railway expansion project and supplied rail fastening system for use in tunnel in the form of a complete installation kit for the first time.

    Participated in the Beijing Capital Airport Line project which was completed in 2008 and supplied pre-assembled rail fastening system for metro railways in the PRC for the first time.

  • 2009

    Successfully tendered for the Taiyuan to Zhongwei (Yinchuan) Railway project and acted as direct supplier for high speed railway project in the PRC for the first time.

  • 2010

    Participated in the Xiamen-Shenzhen High Speed Railway, which is a major high speed railway of the Four Vertical and Four Horizontal High Speed Railway Corridors in the PRC.

  • 2012

    Became one of the few approved railway parts suppliers recognized by CRCC to supply high speed rail fastening systems in the PRC.

  • 2013

    Became a joint venture partner with Tieke Shougang, which was controlled by China Academy of Railway Sciences. Pursuant to the arrangement, Gaocheng Yichen Rubber Product Co., Ltd, a then wholly-owned subsidiary of our Company, was transformed into an associate of our Company named Tieke Yichen, which was owned as to 49% by our Company and 51% by Tieke Shougang.

    Collaborated with Guangzhou Metro Design and Research Institute Co., Ltd. and successfully developed and delivered rail fastening systems for the wire-free tram rails in Guangzhou, which is the first wire-free tram rail in Guangdong province.

  • 2014

    Participated in the Shanghai-Kunming High Speed Railway, which is a major high speed railway of the Four Vertical and Four Horizontal High Speed Railway Corridors in the PRC and the first high speed railway in Yunnan Province.

  • 2015

    Successfully tendered for the Chengdu-Guiyang high speed railway project and entered into supply agreement for rail fastening system with a total contract sum of over RMB375 million.