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Industrial Services

China Communications Construction Co. Ltd.

  • 8.00 HKD
  • +0.25
  • +3.23%
  • China
    Apr 23, 2019
  • Ticker
    HKG(1800)
  • Prev. close
    7.75
  • Market cap (HKD)
    217,051.12M
  • Market cap (USD)
    27,666.21M
  • 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 2018 HKDUSD
Revenue579,280.63M73,910.97M
Gross Profit74,641.09M9,523.52M
Operating income35,412.85M4,518.36M
Income before tax30,058.81M3,835.23M
Net income22,955.20M2,928.87M
EBITDA47,194.43M6,021.58M
Diluted EPS1.360.17
Dividends Per Share0.260.03
Total Assets1,095.28B139,894.85M
Total liabilities832,712.61M106,357.82M
Total equity213,498.30M27,268.96M
Operating cash flow14,403.85M1,837.80M
Currency in HKDCurrency in USD

Historical Data

 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 449,808.91M 486,121.20M 499,210.22M 554,530.30M 579,280.63M
Gross Profit 49,931.86M 61,897.37M 68,533.34M 74,232.52M 74,641.09M
Operating income 26,249.69M 28,782.99M 31,557.28M 33,027.40M 35,412.85M
Income before tax 21,674.82M 23,466.50M 25,746.13M 30,628.39M 30,058.81M
Net income 17,477.82M 18,990.83M 18,374.05M 23,385.49M 22,955.20M
EBITDA 36,314.66M 39,288.20M 42,723.60M 44,441.46M 47,194.43M
Diluted EPS 1.08 1.17 1.13 1.39 1.36
Dividends Per Share 0.21 0.22 0.21 0.30 0.26
Total Assets 787,969.61M 872,513.46M 894,145.40M 1,020.66B 1,095.28B
Total liabilities 623,103.31M 665,260.35M 706,112.10M 778,794.63M 832,712.61M
Total equity 140,110.45M 175,728.84M 156,452.50M 211,648.46M 213,498.30M
Operating cash flow 6,471.13M 41,787.35M 38,907.85M 51,941.42M 14,403.85M
 Dec 2014Dec 2015Dec 2016Dec 2017Dec 2018
Revenue 58,004.81M 62,704.49M 64,310.85M 71,159.15M 73,910.97M
Gross Profit 6,438.93M 7,984.10M 8,828.82M 9,525.76M 9,523.52M
Operating income 3,385.01M 3,712.70M 4,065.37M 4,238.18M 4,518.36M
Income before tax 2,795.06M 3,026.93M 3,316.75M 3,930.33M 3,835.23M
Net income 2,253.84M 2,449.61M 2,367.04M 3,000.90M 2,928.87M
EBITDA 4,682.93M 5,067.76M 5,503.87M 5,702.87M 6,021.58M
Diluted EPS 0.13 0.15 0.14 0.17 0.17
Dividends Per Share 0.02 0.02 0.02 0.03 0.03
Total Assets 101,609.91M 112,580.19M 115,326.72M 130,564.38M 139,894.85M
Total liabilities 80,350.14M 85,838.37M 91,074.22M 99,624.50M 106,357.82M
Total equity 18,067.46M 22,674.24M 20,179.21M 27,074.36M 27,268.96M
Operating cash flow 834.48M 5,390.12M 5,012.31M 6,665.29M 1,837.80M

Valuation Measures

Dec 2018
PER5.41
ROA2.16%
ROE10.79%
Operating margin6.11%
Profit margin3.96%

Key executives

  • President & Executive Director: Hai Liang Song
  • Chief Financial Officer: Bi Hong Peng
  • Vice President: Zi Yu Sun
  • Member-Supervisory Board & Head-Auditing: Yong Bin Wang
  • Secretary: Chang Jiang Zhou

Shareholders

  • The Vanguard Group, Inc. (3.5%)
  • BlackRock Fund Advisors (2.7%)
  • Nordea Investment Management AB (Denmark) (2.0%)
  • Dimensional Fund Advisors LP (1.0%)
  • BlackRock Investment Management (UK) Ltd. (0.9%)
  • BlackRock Advisors (UK) Ltd. (0.8%)
  • Causeway Capital Management LLC (0.6%)
  • BlackRock Japan Co., Ltd. (0.5%)
  • SSgA Funds Management, Inc. (0.5%)
  • BlackRock Asset Management North Asia Ltd. (0.4%)

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 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.
  • 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.
  • Road & Bridge South China Engineering Co. Ltd.
  • CCCC Second Harbour Engineering Logistics Development Co. Ltd.
  • CCCC Road & Bridge Consultants Co. Ltd.
  • CCCC Financial Ltd.
  • CCCC Fourth Highway Engineering 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.
  • CHEC Construction (M) Sdn. Bhd.
  • CCCI Treasure Ltd.
  • China Communications Construction Co. Ltd. /Dredging Bus/
  • CCCC Guangzhou Dredging Co. Ltd.

Competitors

  • Stantec Inc
Last Updated on 23 Apr, 2019

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