Summary by Moomoo AI
China Transport Construction Co., Ltd. (“China Transport Construction”) has announced key operating data for the fourth quarter of 2023. The company reached RMB17,532.15 billion in new contracts in 2023, an increase of 13.68% year-on-year, exceeding the annual target of 103.53%. Viewed separately in the fourth quarter, new contracts were worth RMB5,814.71 billion. Among them, the infrastructure construction business, infrastructure design business, dredging business and other business grew by 14.00%, 1.95%, 11.76% and 43.53%, respectively. New contracts for overseas works were RMB2,951.26 billion, a significant year-on-year increase of 47.5%, representing 18.24% of the total number of new contracts signed. In the fourth quarter of 2023, the company signed a number of major contracts, including the Saudi Sedra 34.5 phase, Riyadh East project, and more. As of January 26, 2024, the members of the Company's Board of Directors include Wang Tongzu, Wang Haihui, and others.