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Industrial Services

China Communications Construction Co. Ltd.

  • 8.09 HKD
  • +0.08
  • +1.00%
  • China
    Aug 17, 2018
  • Ticker
    HKG(1800)
  • Prev. close
    8.01
  • Market cap (HKD)
    204,448.01M
  • Market cap (USD)
    26,045.66M
  • Shares
    16,174.73M

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, Dredging, and Others. 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 2017 HKDUSD
Revenue554,530.30M71,159.15M
Gross Profit74,232.52M9,525.76M
Operating income33,027.40M4,238.18M
Income before tax30,628.39M3,930.33M
Net income23,385.49M3,000.90M
EBITDA44,441.46M5,702.87M
Diluted EPS1.390.17
Dividends Per Share0.300.03
Total Assets1,020.66B130,564.38M
Total liabilities778,794.63M99,624.50M
Total equity211,648.46M27,074.36M
Operating cash flow51,941.42M6,665.29M
Currency in HKDCurrency in USD

Historical Data

 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 408,600.21M 449,808.91M 486,121.20M 499,210.22M 554,530.30M
Gross Profit 42,459.51M 49,931.86M 61,897.37M 68,533.34M 74,232.52M
Operating income 22,496.12M 26,249.69M 28,782.99M 31,557.28M 33,027.40M
Income before tax 19,541.71M 21,674.82M 23,466.50M 25,746.13M 30,628.39M
Net income 15,315.80M 17,477.82M 18,990.83M 18,374.05M 23,385.49M
EBITDA 32,640.78M 36,314.66M 39,288.20M 42,723.60M 44,441.46M
Diluted EPS 0.94 1.08 1.17 1.13 1.39
Dividends Per Share 0.23 0.21 0.22 0.21 0.30
Total Assets 663,436.76M 787,969.61M 872,513.46M 894,145.40M 1,020.66B
Total liabilities 526,154.23M 623,103.31M 665,260.35M 706,112.10M 778,794.63M
Total equity 122,323.11M 140,110.45M 175,728.84M 156,452.50M 211,648.46M
Operating cash flow 9,648.60M 6,471.13M 41,787.35M 38,907.85M 51,941.42M
 Dec 2013Dec 2014Dec 2015Dec 2016Dec 2017
Revenue 52,677.45M 58,004.81M 62,704.49M 64,310.85M 71,159.15M
Gross Profit 5,473.95M 6,438.93M 7,984.10M 8,828.82M 9,525.76M
Operating income 2,900.24M 3,385.01M 3,712.70M 4,065.37M 4,238.18M
Income before tax 2,519.35M 2,795.06M 3,026.93M 3,316.75M 3,930.33M
Net income 1,974.53M 2,253.84M 2,449.61M 2,367.04M 3,000.90M
EBITDA 4,208.10M 4,682.93M 5,067.76M 5,503.87M 5,702.87M
Diluted EPS 0.12 0.13 0.15 0.14 0.17
Dividends Per Share 0.03 0.02 0.02 0.02 0.03
Total Assets 85,563.34M 101,609.91M 112,580.19M 115,326.72M 130,564.38M
Total liabilities 67,858.04M 80,350.14M 85,838.37M 91,074.22M 99,624.50M
Total equity 15,775.99M 18,067.46M 22,674.24M 20,179.21M 27,074.36M
Operating cash flow 1,243.91M 834.48M 5,390.12M 5,012.31M 6,665.29M

Valuation Measures

Dec 2017
PER6.36
ROA2.44%
ROE12.70%
Operating margin5.95%
Profit margin4.21%

Key executives

  • Chief Financial Officer & Executive Director: Jun Yuan Fu
  • Vice President: Zi Yu Sun
  • Member-Supervisory Board & Head-Auditing: Yong Bin Wang
  • Secretary: Chang Jiang Zhou

Shareholders

  • The Vanguard Group, Inc. (3.4%)
  • BlackRock Fund Advisors (2.5%)
  • Nordea Investment Management AB (Denmark) (2.1%)
  • Dimensional Fund Advisors LP (1.1%)
  • Hang Seng Investment Management Ltd. (1.0%)
  • BlackRock Investment Management (UK) Ltd. (0.8%)
  • BlackRock Advisors (UK) Ltd. (0.7%)
  • Causeway Capital Management LLC (0.6%)
  • Pictet Asset Management Ltd. (0.5%)
  • APG Asset Management NV (0.5%)

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

  • CCCC First Shipping Engineering Bureau Co., Ltd.
  • CCCC Water Transportation Consultants Co., Ltd.
  • CCCC South America Regional Co. Sarl
  • Shandong Harbour Construction Group Co., Ltd.
  • China Highway Vehicle Machinery Co., Ltd.
  • CCCC Second Harbor Consultants Co., Ltd.
  • CCCC First Harbor Consultants Co., Ltd.
  • CCCC Second Harbour Engineering Logistics Development Co. Ltd.
  • CCCC Road & Bridge Consultants Co. Ltd.
  • China Harbour Engineering Co. Ltd. (Hong Kong)
  • CCCC Third Harbor Engineering Co., Ltd.
  • CCCC Second Highway Engineering Co. Ltd.
  • CCCC Dredging (Group) Holdings Co. Ltd.
  • CCCI Treasure Ltd.
  • China Communications Construction Co. Ltd. /Dredging Bus/
  • CCCC Guangzhou Dredging Co. Ltd.
  • CCCC International Holding Ltd.
  • Beijing Union Properties Co. Ltd.
  • CCCC Shanghai Dredging Co. Ltd.
  • China Communications Materials & Equipment Co. Ltd.
  • CCCC Real Estate Co. Ltd.
  • Beijing United Development Co., Ltd.
  • CCCC Tunnel Engineering Co., Ltd.
  • CCCC Xi'an Road Construction Machinery Co. Ltd.
  • CCCC Tianjin Dredging Co. Ltd.
  • Eastern Alliance Construction Engineering Co., Ltd.
  • CHEC Tianjin Dredging Corp.
  • China Harbour Engineering Co., Ltd.
  • China Road & Bridge Engineering Co. Ltd.
  • CCCC Third Harbor Engineering Bureau Co., Ltd.

Competitors

  • Stantec Inc
Last Updated on 17 Aug, 2018

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