China State Construction International Holdings Limited Announced its 2013 Annual Results

2014.03.17


(17 March 2014) China State Construction International Holdings Limited (“CSCI” or “The Group”, Stock Code: 03311) announced its 2013 annual results today. For the year ended 31 December 2013, the Group’s audited profit attributable to the owners of the Company was HK$2,772 million, representing an increase of 30.1% as compared to last year. The revenue was HK$27,192 million, representing an increase of 24.1% as compared with the same period of last year. Basic earnings per share increased by 24.4% to HK71.29 cents. The Board recommends the payment of a final dividend of HK12.00 cents per share.

In the year of 2013, the construction industry in Hong Kong and Macau remained strong and improved steadily with the launch of government projects. Upon further implementation of the Ten Mega Infrastructure Projects in Hong Kong, a number of large-scale and outsize civil engineering projects as well as building construction projects commenced. The Group realised a significant growth in its business in the year, while the construction market in Macau was robust due to the commencement of major hotel and government projects. In the PRC market, the economic growth has slowed down and the government economic policy has shared more effort on the quality of growth and efficiency. New urbanisation will be the next driving force for succeeding economic growth. The Group’s project of infrastructure investments and affordable housing went smoothly.

Optimism grows over the construction markets in Hong Kong and Macau in 2014 in respect of the number of new construction projects, employment rate and profit forecast. Based on the new supply targets, more large scale projects are expected in the area. Meanwhile, despite the slowdown in the economic growth of Mainland China, the construction of affordable housing will remain robust. The competent authority will continue to support the construction of affordable housing in various aspects, including policies, funds and land supply. The new urbanisation will focus on improving the urban living standard and enhancing infrastructure capacity. Investment in municipal infrastructure of affordable housing, city transportation and environment protection will become the major focus of this round of urbanisation. 

Committed to the operation strategy of “ Cost-effective Competition and High Quality Management”, the Group endeavours to achieve the strategic transformation of becoming an integrated international contractor with comprehensive development in both construction and relevant investments, so as to further strengthen its corporate value and market competitiveness. The Group will fulfill its responsibilities as a corporate citizen and create optimised value for shareholders. Its ultimate goal is to build an evergreen business regime.