CCCC releases annual report and CSR report for 2016

Source:Board Office, Party Committee Work DepartmentTime:2017-03-30

On March 29, CCCC released its annual report and CSR report for 2016.

According to the Chinese accounting standards for business enterprises, in 2016, CCCC registered operating revenues of RMB431,743 million and net profit of RMB16,743 million attributable to the parent company's shareholders, up 6.8 percent and 6.7 percent year on year respectively. With robust financial leverage and abundant capital, CCCC registered net cash generated from operating activities of RMB29,722 million and earnings of RMB0.97 per share.

Replying to investors' inquiries, Liu Wensheng, Board Secretary and Chief Economic Manager of CCCC, said, CCCC is confident of fulfilling the key production and operation targets set by the Board of Directors, continue to preferentially develop PPP projects with good anticipated benefit and controllable risk on the basis of rationally applying financial leverage; take a full part in the construction of the "The Belt and Road", and continue to play its important role in implementing major national strategies and promoting national economic development, in a bid to return investors' support with the best results in 2017.

According to the report, CCCC established 210 institutions abroad in 109 countries and regions, and conducted substantial operations in more than 140 countries and regions across the world in 2016, so as to continue perfecting its overseas business network. CCCC was far ahead of other Chinese building enterprises in overseas market share, and came out top in profitability and value creation among its global peers. In 2016, CCCC was ranked 110th among Fortune Global 500 and 3rd among ENR 225 Global Contractors (1st among Chinese enterprises), and achieved an A rating for the 11th consecutive year in the business assessment of central enterprises conducted by the State-owned Assets Supervision and Administration Commission of the State Council.

The release conference drew wide attention from the capital market, with the participation of individual investors, as well as more than 150 domestic and overseas institutional investors such as Deutsche Bank, BOC International, HSBC, UBS Securities and Citibank. The conference achieved good effects and further enhanced the company's favorable image in the capital market.