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CSCI Announced its 2015 Annual Results

2016-03-22
(22 March 2016) China State Construction International Holdings Limited (“CSCI” or “The Group”, Stock Code: 03311) announced its 2015 annual results today. For the year ended 31 December 2015, the Group’s audited profit attributable to the owners of the Group was HK$4,153 million, representing an increase of 20.1% as compared to last year. The revenue was HK$37.91 billion, representing an increase of 10.1% as compared with the same period of last year. With a proposed final dividend per share of HK18.00 cents and an interim dividend per share of HK13.00 cents and a special dividend of HK2.00 cents paid in the year, the total dividends for the year amount to HK33.00 cents per share, representing an increase of 26.9% as compared to last year.


2015 was a sluggish recovery in global economy. The complicated macroeconomic situation and volatile geopolitics led to a significant slide in international trade and a dramatic surge in financial risks. Developed countries maintained a moderate and uneven economic pick-up, and U.S. enjoyed a steady economic growth. The economy of developing countries, however, slowed down in general due to various challenges arising from weakness in commodity prices, international capital outflows and structural adjustment. The economy of China experienced a steady growth in general and strived for a positive momentum in a stable manner although it was under the pressures of slowdown and deflation in the course of its transformation and industrial upgrading. 


For 2016, global economy will continue its slow growth and uneven development. However, construction industry will face both opportunities and challenges and new urbanization will continue to be the greatest potential of China’s economic development in the future. The Group will precisely capture the trend of macro economy and industrial market and formulate a prescient operating strategy to confront the external changes in operation environment. Committed to the operation strategy of “Cost-effective Competition and High-quality Management” and with the implementation of the operation policy of “compliance and prudent development with pioneering innovation, dedicated to market and branding operation”, CSCI endeavored to build itself up as an integrated international conglomerate with comprehensive development in both construction and relevant investments, so as to continue enhance its corporate value and market competitiveness.


In respect of construction projects in Hong Kong and Macau, the Group will place great emphasis on consolidating the foundation of existing projects. It will continue to give preference to significant civil infrastructure and large-scale private commercial projects and identify competent cooperative partners in order to strive for another breakthrough in business expansion. In respect of the Mainland investment business, the Group will promptly seize the window-period investment opportunities in infrastructure arising from “Structural Reform of the Supply Front” to successively innovate and upgrade the investment and finance model. By reinforcing cooperation with the internal divisions of China State Construction and fund and platform companies established by the government, increasing investments into the key cities and key districts, comprehensively improving the marketing capability of high-end projects and continuously concerning the repurchase of self-operated projects, the Group strives to make investments distributed in both project reserve and capital recovery and shift from initial investment phase into revolving development phase.
 
Far East Global (“FEG”, 830.HK) will further promote its brand and market expansion, proactively implement high-end projects in North America, Hong Kong and Macau, enhance management of in-hand projects and strengthen core competence in design and construction. At the same time of stabilizing traditional curtain wall business, FEG will conduct a reliable and orderly study on business structural strategic transformation, striving to cultivate new revenue growth points as soon as possible.

Project List

Central-WanChai Bypass-Tunnel (Causeway Bay Typhoon Shelter Section)
Central-WanChai Bypass-Tunnel (Causeway Bay Typhoon Shelter Section)

HongKong-Zhuhai-Macao Bridge Hong Kong Link Road
HongKong-Zhuhai-Macao Bridge Hong Kong Link Road

Chek Lap Kok - Passenger Terminal Building
Chek Lap Kok - Passenger Terminal Building

Details Design & Construction of Sheng Shui Slaughterhouse
Details Design & Construction of Sheng Shui Slaughterhouse

Construction of UC Hong Kong Centeral Library at Causeway Hong Kong
Construction of UC Hong Kong Centeral Library at Causeway Hong Kong