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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 2021 HKDUSD
Gross Profit101,843.94M13,102.54M
Operating income40,102.18M5,159.27M
Income before tax35,683.88M4,590.84M
Net income20,271.64M2,608.01M
Diluted EPS1.250.16
Dividends Per Share0.250.03
Total Assets1,710.52B219,401.57M
Total liabilities1,231.79B157,996.82M
Total equity318,477.20M40,849.79M
Operating cash flow-42,202.87M-5,429.53M
Currency in HKDCurrency in USD

Historical Data

 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 530,497.22M 578,802.34M 627,185.07M 701,740.89M 822,675.79M
Gross Profit 69,689.11M 76,528.75M 78,577.01M 89,935.92M 101,843.94M
Operating income 31,038.79M 34,208.21M 32,587.62M 36,887.48M 40,102.18M
Income before tax 27,285.49M 30,766.18M 30,949.11M 30,980.22M 35,683.88M
Net income 20,655.24M 23,474.69M 22,035.39M 17,537.48M 20,271.64M
EBITDA 40,715.49M 45,845.47M 46,618.70M 50,756.10M 54,734.65M
Diluted EPS 1.21 1.15 1.15 0.90 1.25
Dividends Per Share 0.30 0.26 0.25 0.21 0.25
Total Assets 1,020.24B 1,095.28B 1,260.70B 1,552.88B 1,710.52B
Total liabilities 779,397.53M 833,318.25M 937,929.94M 1,145.10B 1,231.79B
Total equity 211,229.16M 213,497.66M 247,153.65M 272,840.71M 318,477.20M
Operating cash flow 35,079.20M 899.00M -11,225.77M -3,912.70M -42,202.87M
 Dec 2017Dec 2018Dec 2019Dec 2020Dec 2021
Revenue 68,075.15M 73,849.95M 80,047.12M 90,477.22M 105,839.83M
Gross Profit 8,942.73M 9,764.37M 10,028.72M 11,595.66M 13,102.54M
Operating income 3,983.00M 4,364.65M 4,159.13M 4,755.99M 5,159.27M
Income before tax 3,501.36M 3,925.48M 3,950.01M 3,994.35M 4,590.84M
Net income 2,650.54M 2,995.15M 2,812.36M 2,261.15M 2,608.01M
EBITDA 5,224.74M 5,849.46M 5,949.90M 6,544.11M 7,041.78M
Diluted EPS 0.15 0.14 0.14 0.11 0.16
Dividends Per Share 0.03 0.03 0.03 0.02 0.03
Total Assets 130,511.05M 139,894.84M 161,799.10M 200,272.64M 219,401.57M
Total liabilities 99,701.62M 106,435.18M 120,373.97M 147,682.04M 157,996.82M
Total equity 27,020.73M 27,268.88M 31,719.71M 35,187.77M 40,849.79M
Operating cash flow 4,501.47M 114.70M -1,432.73M -504.47M -5,429.53M

Valuation Measures

Dec 2021
Operating margin4.87%
Profit margin2.46%

Key executives

  • President & Executive Director: Hai Huai Wang
  • Chief Financial Officer: Hong Biao Zhu
  • Vice President: Jing Bo Zhou
  • Vice President: Zhong Chen
  • Vice President: Mao Hui Li


  • China State-Owned Assets Supervision & Admn Commission (5.0%)
  • BlackRock Fund Advisors (1.6%)
  • BlackRock Investment Management (UK) Ltd. (0.7%)
  • BlackRock Japan Co., Ltd. (0.4%)
  • Fullgoal Fund Management Co., Ltd. (0.1%)
  • Eurinvest Partners SA (0.0%)
  • Invesco Great Wall Fund Management Co. Ltd. (Invt Mgmt) (0.0%)
  • BOCI-Prudential Asset Management Ltd. (0.0%)
  • Hony Horizon Fund Management Co. Ltd. (0.0%)
  • Hwabao WP Fund Management Co., Ltd. (0.0%)

Contact Details

  • Website:
  • Address: No. 85 Deshengmen Outer Street, Xicheng District, Beijing, 100088, China
  • Phone: +86.10.8201.6562

Related Companies

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Last Updated on 12 Aug, 2022

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