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CSCI Announced its 2016 Interim Results

2016-08-15
(15 August 2016) China State Construction International Holdings Limited (“CSCI” or “The Group”, Stock Code: 03311) announced its 2016 interim results today. For the six months ended 30 June 2016, the Group’s unaudited profit attributable to the owners of the Group was HK$2,253 million, representing an increase of 20.4% as compared to the same period of last year. The revenue was HK$18,845 million, representing an increase of 10.7% as compared with the same period of last year. Basic earnings per share increased by 18.6% to HK55.32 cents. The Board declared the payment of an interim dividend of HK15.00 cents per share, calculated by total dividend, representing about 30% of dividend payout ratio.


In the first half of the year, the global economic recovery remained slow due to various unfavorable factors, including low demand and inflation rate, slow growth, high unemployment rate, huge debt and credit bubbles. The economic recovery in US has been stable while UK has faced increasing uncertainties brought by “Brexit”. Economies of Japan and Europe were still lackluster despite simulative monetary policies. China’s economy was supported and suppressed by various factors at the same time.


In the second half of the year, the global economy will continue its fluctuation and slow recovery. Economic growth of developed countries will further differ while emerging economies will experience slowdown in general. Interest rate hike by the Federal Reserve Board, the effectiveness of monetary stimulus of Japan and Europe, development of international trade, trend of commodity prices, geopolitical turmoil and debt of developing countries will increase the uncertainties of the global economic recovery. The Group will precisely act on the macroeconomic trend, formulate forward-looking operational strategies, improve market judgment and adaptability, and adopt measures to confront the external changes in operation environment. Committed to the operation strategy of “Cost-effective Competition and High-quality Management”, the Group strives for its goals and opportunities while mitigating different risks under complicated international and domestic economic conditions. The Group also end eavours to enhance its integrated management and safeguard level and puts great efforts in its core business of construction and infrastructure investment so as to further strengthen its corporate value and market competitiveness.


The construction projects of the Group in Hong Kong and Macau have fully capitalised on its synergy effects. The Group has placed its focus on upcoming large-scale infrastructure projects with reasonable deployment, integrated assessment and higher bidding efficiency and profitability. In respect of the Mainland investment business, the Group will implement its business strategy of focusing on major market operation while extending its business coverage to nearby areas. Efforts will be made to refine its investment and financing model to expand its investment business. It will also carry out research and introduce new construction projects such as utility tunnels, sponge cities and railway transportations so as to gain market recognition with its innovative projects. Stronger brand initiatives will be adopted to establish marketing confidence. It will carry out differentiated competition with its unique advantages as an enterprise supported by the central government, foreign investment as well as its experience in Hong Kong and Macau. To exert synergy effects for better competitive edges, the Group will strengthen its cooperation with China State Construction Engineering Corporation Limited and Engineering Division. Externally, it will enhance the cooperation with local high-end platform companies to design the best PPP model and cope with intense competition of small projects by means of high-end marketing.


FEG (830.HK) will strive to further expand its business coverage in the overseas and domestic curtain wall markets. Stronger synergy collaboration will be made with the internal divisions of China State Construction. Its focus will be on customers’ high-end projects with sound reputation in order to increase its domestic market share. It will enhance management of projects on hand, strengthen core competence in design, production and installation and increase professional level. Meanwhile, it will actively explore opportunities of investment transformation in pursuit of a stable and feasible development model.

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