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Industrial Services

China Communications Construction Co. Ltd.

Company Background

China Communications Construction engages in transport infrastructure projects, building roads, ports and bridges in China. It is a state-owned enterprise controlled by the State-owned Assets Supervision and Administration Commission of the State Council. It is a publicly traded arm of the China Communications Construction Group and listed on the Hong Kong Exchange in 2006. Its workforce exceeds 100,000. The company grew rapidly during the Chinese economy's boom years, when infrastructure investment significantly expanded.

China Communications Construction has handled several major development projects, including the construction of the Shanghai-Nanjing Expressway, the Shanghai-Kunming High-Speed Railway and the 32.5km Donghai Bridge in Shanghai. The company is taking advantage of its close ties with the Chinese government and cost competitiveness to make a foray into overseas markets. It built a container berth at a Sudanese port, the Gwadar deep-water port in Pakistan and a belt highway in Addis Ababa, Ethiopia, that cost $98 million.

Infrastructure development investment is peaking in China as the country's economy is slowing. So the company aims to expand overseas operations in cooperation with the Asian Infrastructure Investment Bank.

Business Summary

China Communications Construction Co. Ltd. engages in infrastructure construction, infrastructure design and dredging businesses. It operates through the following segments: Construction, Design and Dredging. The Construction segment involves in infrastructure construction of ports, roads, bridges and railways. The Design segment involves in infrastructure design of ports, roads and bridges. The company was founded on October 8, 2006 and is headquartered in Beijing, China.

Financial Highlights

Dec 2020 HKDUSD
Revenue701,740.89M90,477.22M
Gross Profit89,935.92M11,595.66M
Operating income36,887.48M4,755.99M
Income before tax30,980.22M3,994.35M
Net income17,537.48M2,261.15M
EBITDA50,756.10M6,544.11M
Diluted EPS1.030.13
Dividends Per Share0.210.02
Total Assets1,546.27B199,420.32M
Total liabilities1,122.04B144,708.55M
Total equity290,566.03M37,473.77M
Operating cash flow-3,912.70M-504.47M
Currency in HKDCurrency in USD

Historical Data

 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 474,764.66M 530,497.22M 578,802.34M 626,536.47M 701,740.89M
Gross Profit 63,677.64M 69,689.11M 76,528.75M 78,388.78M 89,935.92M
Operating income 29,170.73M 31,038.79M 34,208.21M 32,572.88M 36,887.48M
Income before tax 26,245.01M 27,285.49M 30,766.18M 31,043.23M 30,980.22M
Net income 19,979.95M 20,655.24M 23,474.69M 22,143.12M 17,537.48M
EBITDA 38,696.85M 40,715.49M 45,845.47M 46,266.06M 50,756.10M
Diluted EPS 1.16 1.21 1.37 1.31 1.03
Dividends Per Share 0.21 0.30 0.26 0.25 0.21
Total Assets 893,720.25M 1,020.24B 1,095.28B 1,255.30B 1,546.27B
Total liabilities 691,111.96M 779,397.53M 833,318.25M 940,450.13M 1,122.04B
Total equity 172,210.40M 211,229.16M 213,497.66M 239,600.89M 290,566.03M
Operating cash flow 25,691.18M 35,079.20M 899.00M -7,517.86M -3,912.70M
 Dec 2016Dec 2017Dec 2018Dec 2019Dec 2020
Revenue 61,161.64M 68,075.15M 73,849.95M 79,964.34M 90,477.22M
Gross Profit 8,203.28M 8,942.73M 9,764.37M 10,004.69M 11,595.66M
Operating income 3,757.92M 3,983.00M 4,364.65M 4,157.25M 4,755.99M
Income before tax 3,381.01M 3,501.36M 3,925.48M 3,962.02M 3,994.35M
Net income 2,573.92M 2,650.54M 2,995.15M 2,826.10M 2,261.15M
EBITDA 4,985.12M 5,224.74M 5,849.46M 5,904.89M 6,544.11M
Diluted EPS 0.15 0.15 0.17 0.16 0.13
Dividends Per Share 0.02 0.03 0.03 0.03 0.02
Total Assets 115,271.88M 130,511.05M 139,894.84M 161,105.84M 199,420.32M
Total liabilities 89,139.50M 99,701.62M 106,435.18M 120,697.41M 144,708.55M
Total equity 22,211.66M 27,020.73M 27,268.88M 30,750.39M 37,473.77M
Operating cash flow 3,309.67M 4,501.47M 114.70M -959.49M -504.47M

Valuation Measures

Dec 2020
PER2.73
ROA1.25%
ROE6.61%
Operating margin5.25%
Profit margin2.49%

Key executives

  • President: Hai Huai Wang
  • Chief Financial Officer: Hong Biao Zhu
  • Vice President: Jing Bo Zhou
  • Vice President: Min Shan Pei
  • Vice President: Zhong Chen

Shareholders

  • BlackRock Fund Advisors (1.6%)
  • Nordea Investment Management AB (Denmark) (1.2%)
  • BlackRock Investment Management (UK) Ltd. (0.7%)
  • BlackRock Japan Co., Ltd. (0.4%)
  • Canada Pension Plan Investment Board (0.3%)
  • KBC Asset Management NV (0.1%)
  • NLB Skladi, d.o.o. (0.1%)
  • Lion Global Investors Ltd. (0.1%)
  • Nordea Investment Management AB (0.1%)
  • Aberdeen Asset Investments Ltd. (0.1%)

Contact Details

  • Website:http://www.ccccltd.cn
  • Address: No. 85 Deshengmen Outer Street, Xicheng District, Beijing, 100088, China
  • Phone: +86.10.8201.6562

Related Companies

  • Tianjin Line 3 Rail Transit Operation Co., Ltd.
  • Tianjin Line 2 Rail Transit Operation Co., Ltd.
  • China Communications Construction Co. (Second Navigation)
  • CCCC Finance Co., Ltd.
  • CCCC Third Harbour Consultants Co., Ltd.
  • CCCC Second Harbour Consultants Co., Ltd.
  • CCCC First Harbour Consultants Co., Ltd.
  • CCCC Third Highway Engineering Co., Ltd.
  • CCCC First Highway Engineering Group Co., Ltd.
  • CCCC Fourth Harbour Engineering Co., Ltd.
  • CCCC First Harbour Engineering Co., Ltd.
  • CCCC Second Harbour Engineering Co., Ltd.
  • China Communications Construction Company (M) Sdn. Bhd.
  • CCCC Beijing Tianjin Hebei Investment Development Co. Ltd.
  • Tianhe Mechanical Equipment Manufacturing Co. Ltd.
  • CCCI-FHDI Engineering Co. Ltd.
  • CCCC Airport Survey & Design Institute Co. Ltd.
  • Ningbo Zhongjiao Future Real Estate Co. Ltd.
  • CCCC Asset Management Co., Ltd.
  • CCCC Fund Management Co., Ltd.
  • CCCC Mechanical & Electrical Engineering Co., Ltd.
  • China Infrastructure Maintenance Group Co., Ltd.
  • China Highway Engineering Consultants Co., Ltd.
  • CCCC Fourth Harbour Consultants Co., Ltd.
  • CCCC Highway Consultants Co., Ltd.
  • CCCC Urban Investment Holding Co., Ltd.
  • CCCC Urban Investment Co., Ltd.
  • CCCC Financial Leasing Co., Ltd.
  • CCCC First Shipping Engineering Bureau Co., Ltd.
  • CCCC Water Transportation Consultants Co., Ltd.

Competitors

  • China Railway Construction Corporation Limited Class H
  • China Railway Group Limited Class H
Last Updated on 12 May, 2021

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