CSCI Announced Operating Information of Jan to Nov 2013-News-China State Construction International Holdings Limited

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CSCI Announced Operating Information of Jan to Nov 2013

2013-12-10
CSCI Announced Operating Information of Jan to Nov 2013

(10 Dec 2013) China State Construction International Holdings Limited (“CSCI” or “The Group”, Stock Code: 03311) is delighted to announce the operating information of January to November 2013.
CSCI recorded a new contract value of HK$44.95 billion in the first eleven months of 2013, representing a YoY growth of 22.88% and a 104.53% completion of revised-up full year target of 2013 (The target has been revised up from HK$40.00 billion to no less than HK$43.00 billion).

As on 30 November 2013, the on-hand contract value amounted to approximately HK$123.87 billion, among which the backlog was approximately HK$77.57 billion, representing a YoY growth of 27.38%, which meets the Group’s works in next three years.

Major New Contracts Awarded in November 2013 include:

Relocation Housing BT project in Pinghu of Jiaxing City, Zhejiang Province (The client is Jiaxing Pinghu Municipality Government with an attributable contract value of about HK$1.64 billion. The project, including two subprojects, has a total GFA of 549,000 square meters. Both construction and repayment period are about 2 years.)

New Contract Awarded
(HK$ billion)
Jan to Nov 2013
Jan to Nov 2012
Change (%)
Infrastructure Investment
22.44
15.00
+49.60
Affordable Housing
15.08
12.29
+22.70
Infrastructure
7.36
2.71
+171.59
Cash Construction & Related
21.17
19.02
+11.30
PRC
0.57
0.58
-1.72
Hong Kong
17.81
17.56
+1.42
Macau
2.79
0.88
+217.05
International
-
-
N/A
Far East Global
1.34
2.56
-47.66
Backlog Consolidated due to Acquisition*
-
1.55
N/A
New Contract Awarded for FEG
1.34
1.01
+32.67
Total
44.95
36.58
+22.88
*CSCI completed general offer acquisition of FEG on 23 March 2012. Therefore, CSCI consolidated FEG’s backlog by the end of March 2012 as a one-off new contract gain in March 2012.

Project in Progress
(HK$ billion)
By 30 Nov 2013
By 30 Nov 2012
Change in Backlog (%)
Total Value
Backlog
Total Value
Backlog
Infrastructure Investment
56.87
35.69
37.67
26.31
+35.65
Affordable Housing
33.92
26.39
22.09
17.39
+51.75
Infrastructure
22.95
9.30
15.58
8.92
+4.26
Cash Construction & Related
64.16
39.80
57.74
32.55
+22.27
PRC
1.69
0.30
4.00
1.53
-80.39
Hong Kong
56.53
35.54
50.59
28.94
+22.81
Macau
5.61
3.89
2.82
2.00
+94.50
International
0.33
0.07
0.33
0.08
-12.50
Far East Global
2.84
2.08
2.96
2.04
+1.96
Total
123.87
77.57
98.37
60.90
+27.37
In view of the uncertainties involving in contract signing and investment process, there may exist discrepancies between the above figures and those disclosed in our regular reports. As such, the above is only for reference purpose.

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