Summary by Moomoo AI
China Transport Construction Co., Ltd. (abbreviated as “China Construction”) achieved solid growth in 2023. The annual report showed that the company's operating income reached RMB 7,586.76 billion, an increase of 5.10% year-on-year. Of these, overseas business revenue was RMB1,162.12 billion, accounting for 15% of total revenue, an increase of 17.78% year-on-year. The gross margin increased to 12.59%, an increase of 0.88 percentage points from the previous year. The company's net profit reached RMB238.12 billion, up 23.61% year-on-year, with earnings per share of $1.39. Operating cash flow improved significantly and the balance sheet ratio remained stable. During the reporting period, the company achieved stable growth in terms of operating size and shareholder returns, improved operational efficiency, and demonstrated the results of the company's high-quality development.