CCCC holds 2017 Interim Results Press Conference

Source:Office of the Board of DirectorsTime:2017-08-30

On August 30, CCCC held the 2017 Interim Results Press Conference in Hong Kong. Present were Executive Director and CFO Mr.Fu Junyuan and Board Secretary Mr.Liu Wensheng. The online press conference was held concurrently.


According to the Chinese accounting standards for business enterprises, in the first half of 2017, the company registered revenues of RMB 190,100 million and a net profit of RMB 7,500 million attributable to owners of the parent, up 3.6 percent and 7.3 percent year on year respectively. CCCC's investment scale was appropriate and its financial leverage was steady. CCCC's earnings per share reached RMB 0.41.


At the press conference, the management answered questions from investors, exchanging ideas with the attendees on their key concerns such as revenue growth, administrative expenses rise, overseas business strategies, the future development of PPP projects, the progress of asset securitization and the impact of state-owned enterprise reform on the company.


The company also expressed the confidence of fulfilling the key production and operation targets set by the Board of Directors in 2017. On the basis of strengthening risk prevention and control, the company will further dig out the potential opportunities of domestic market and intensify the superiority as the “bellwether” ; will carry out the pressure and control of “two reserves” including receivables and inventory, revitalize the stock assets, tighten interest-bearing liabilities control and improve cash flow; and will steadily promote the negotiated transfer of equity interests in ZPMC, highlight the advantage of the company's primary business and strive to return investors with the best results.


The press conference drew wide attention in the capital market, with the participation of over 130 domestic and overseas institutional investors such as Deutsch Bank, UBS Securities, Citibank, GF Securities, CICC and Huatai Securities.