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

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CSCI Announced Operating Information of Jan to Jul 2013

2013-08-09
CSCI Announced Operating Information of Jan to Jul 2013
(9 Aug2013)China State Construction International Holdings Limited(“CSCI” or “The Group”, Stock Code: 03311)is delighted to announce the operating information of Januaryto July 2013.

CSCI recordedanew contract value of HK$31.87 billion inthe first seven months of 2013, representing aYoY growth of 8.29% and a 79.68% completion of full year target of 2013 (No less than HK$40 billion).

Ason31 Jul2013, the on-hand contract value amounted to approximately HK$118.39billion, among which the backlog was approximately HK$75.86billion, representing a YoY growth of15.17%, which meets the Group’s works in nextthreeyears.

Major New Contracts Awarded in July 2013 include:
Foundation for Home Ownership Scheme Developments at Ching Hong Road, Tsing Yi and Tsuen Wan, Hong Kong (The attributable contract value is about HK$218 million with a construction period of about 15 months).

Foundation for Public Rental Housing Development at San Po Kong, Hong Kong (The attributable contract value is about HK$137 million with a construction period of about 13 months).

Mechanical & Electrical Works forFireServicesTraining Schoolat Tseung Kwan O,Hong Kong(The attributable contract value is about HK$510 million with a construction period of about 32 months).

Mechanical & Electrical Works for Studio Macao City Hotel A & B,Macau(The attributable contract value is about HK$313 million with a construction period of about 30 months).

New Contract Awarded
(HK$ billion)
Janto Jul2013
Jan to Jul 2012
Change (%)
Infrastructure Investment
15.49
9.38
+65.14
Affordable Housing
10.63
6.67
+59.37
Infrastructure
4.86
2.71
+79.34
CashConstruction& Related
15.44
18.15
-14.93
PRC
0.49
0.46
+6.52
Hong Kong
12.16
16.81
-27.66
Macau
2.79
0.88
+217.05
International
-
-
N/A
Far EastGlobal
0.94
1.90
-50.53
Backlog Consolidated due to Acquisition*
-
1.55
N/A
New Contract Awarded for FEG
0.94
0.35
+168.57
Total
31.87
29.43
+8.29
*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)
By31 Jul2013
By 31 Jul 2012
Change in Backlog (%)
Total Value
Backlog
Total Value
Backlog
Infrastructure Investment
50.92
35.52
33.13
24.91
+42.59
Affordable Housing
30.47
25.04
17.55
14.15
+76.96
Infrastructure
20.45
10.48
15.58
10.76
-2.60
CashConstruction& Related
64.78
38.33
64.43
39.23
-2.29
PRC
3.60
0.57
3.86
1.78
-67.98
Hong Kong
55.24
33.31
54.68
32.28
+3.19
Macau
5.61
4.38
5.56
5.08
-13.78
International
0.33
0.07
0.33
0.09
-22.22
Far EastGlobal
2.69
2.01
2.84
1.73
+16.18
Total
118.39
75.86
100.40
65.87
+15.17
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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