China State Construction International Holdings Limited (“China State Construction”, “The Group”, Stock Code: 03311) announced its 2009 annual results on March 17, 2010.

The Group’s audited profit attributable to the Shareholders for the year ended 31 December 2009 was HK$613 million, as compared with the audited profit in last year, increased by 25.4%. Revenue achieved was HK$11.342 billion, while earnings per share was HK22.7 cents, representing an increase of19.5%. The Board recommends the payment of a final dividend of HK3.5 cents per share for the year ended 31 December 2009, contributing to the annual total dividends per share amounting to HK7.1 cents, representing an increase of 1.4% as compared to the last year. The Group secured 42 new contracts during the year, with an aggregated attributable contract value of approximately HK$17.11 billion of which the Hong Kong Market accounted for 63.5%, the Mainland China market accounted for 34.4% and other markets accounted for 2.1%. In 2010, nine new projects were secured as of today with a total attributable contract value of HK$5.41 billion. The Group had a total of 70 projects in progress, with a total attributable contract value of HK$39.90 billion (value of incomplete contract was HK$24.67 billion).

Mr Kong Qingping, Chairman of China State Construction International Holdings Limited said., “The Group will adhere to its development strategy of “Exercise caution in details and implementation. Build a strong foundation to seek greater success” to actively act in response to the complicated economic development from both domestic and international perspectives. It will work hard to mitigate uncertain risks in pursuit of enhanced management standard, enhanced brand value and market competitiveness, and ensure the sustainable and healthy development of the overall operations.”

With firm determination to maintain and enhance the development of the scale of its business in Hong Kong and Macau, the Group will take full leverage on synergy of the integration of both places. In Hong Kong, the Group will strive to maintain and concrete its current market share, in particular to grasp the golden opportunity in the infrastructure market, to ensure its position as one of the largest construction contractors in Hong Kong and to further boost its profitability. In Macau, it will continue to explore the opportunity for expanding a diversified range of relevant businesses. In respect of Mainland China, the Group will continue its great development trend to bring its international and national management capability and advantage in full play. As a major platform of China State Construction & Engineering Corporation Limited for the BOT and operational investment in Mainland China, it will take full advantage of the opportunity brought by the country’s RMB4 trillion investment, to focus on its investments in the Mainland China’s infrastructure construction, namely the BT and BOT projects, endeavoring to establish its investment business as a strong cornerstone for driving the sustainable growth in the Group’s operating results. 

Please click here: 2009 Annual Results Announcement (video)