CSCI Announced its 2021 Interim Results

2021.08.17


(17 August 2021) China State Construction International Holdings Limited (“CSCI” or “The Group”, Stock Code: 03311) announced its 2021 interim results today. For the six months ended 30 June 2021, the revenue was HK$36,370 million, representing an increase of 29.9% as compared with the same period of last year. The Group’s profit attributable to owners of the company was HK$3,500 million. The Board declared the payment of an interim dividend of HK20.00 cents per share.

In 2021, the global economy has gradually improved, but the recovery trends of various countries are obviously different. The risk of economic downturn affected by the COVID-19 pandemic is still prominent. The widened supply and demand gap brought by the unbalanced recovery coupled with the loose monetary policies of developed countries such as the United States has led to significant fluctuation in the prices of global commodities. At the same time, the excess liquidity has also intensified the price volatility in the international capital market, which has led to the rising inflation expectations, and as the risk of crisis repeat still exists, the road to global economic recovery is full of challenges.

China’s economic operation remained active, continuing the trend of steady recovery. Various economic indicators registered a stable performance with good momentum for growth. . In the first half of the year, the economic growth rate was 12.7%, showing strong economic resilience and laying a solid foundation for the healthy development of the economy throughout the year. After experiencing a deep recession, Hong Kong’s economy rebounded significantly in the first half of the year, reversing the trend of contraction in six consecutive quarters. Meanwhile, Hong Kong’s economic development prospect is more optimistic due to the gradual control of the pandemic and the continuous improvement of the labor market performance. The tourism and gambling industry in Macau have gradually recovered, and the external demand has driven economic improvement, while the trend of continuous integration into the development and construction of the Guangdong-Hong Kong-Macau Greater Bay Area has brought new long-term development momentum to Macau.

2021 marks the start of the “14th Five-Year Plan”. Looking forward to the “14th Five-Year Plan”, the Group will adhere to the business philosophy of customer-oriented, quality assurance and value creation, and provide high-quality and high value-added products and services through the improvement of technology, investment, construction and operation capabilities. Under the guidance of the “trendsetting culture (領潮文化)”, we will create value for stakeholders including shareholders, customers, staff, partners and the general public, with a view to building and expanding a happy space.

The Group will give full play to the advantages of cross-regional layout and strengthen differentiated competitive abilities through continuous technological innovation and refined management and operation to respond to the complex and ever-changing political and economic landscape and industry competition pattern. By working hard every day, the Group is marching to the vision of “becoming a world-class investment, construction and operation service provider (成為世界一流的投資建設運營服務商)”.