According to the Zhitong Finance App, China Communications Construction (01800) announced its annual results for the year ended December 31, 2023. The group obtained revenue of RMB 755.646 billion (same unit), an increase of 5.08% over the previous year; profit attributable to owners of the parent company was 24.734 billion yuan, an increase of 22.29% over the previous year; profit per share was 1.45 yuan, and a final dividend of 0.29253 yuan per share was planned.

During the reporting period, the global economy was under downward pressure, and the international situation was complex and serious, triggering an increase in unpredictable factors. However, China's gross domestic product grew by 5.2% in 2023, and the economy showed a recovery trend; a new round of state-owned enterprise reform and high-quality development will lay the foundation for long-term prosperity and development. The company has thoroughly implemented the “three major, two excellent” business strategy, paid close attention to the cash market, and established a leading position in “big transportation”. The market share of “big cities” continues to rise, consolidating the traditional “rivers, lakes and sea” advantages, and CCCC's overseas “gold sign” shines brightly. The company's main business has covered important strategic regions at home and abroad, and a core industrial cluster facing the world and focusing on construction is being formed.

During the reporting period, the amount of new contracts signed by the company was 1753.215 billion yuan, an increase of 13.7% over the previous year. The increase in the amount of newly signed contracts is mainly due to the increase in construction demand for overseas projects, urban construction, and key national strategic projects such as ports and bridges. The business structure has been continuously improved, the cash flow scale has been steadily expanded, and the investment quality and efficiency have improved markedly. As of December 31, 2023, the amount of outstanding contracts held by the company was 3450,659 billion yuan.

During the reporting period, the amount of new contracts signed by the company's various businesses from overseas regions was 319.746 billion yuan (about US$47.526 billion), an increase of 47.5% over the previous year, accounting for about 18% of the company's new contract amount. Among them, there are 30 new projects with a contract value of 300 million US dollars or more, with a total contract amount of 31.105 billion US dollars, accounting for 65% of the total amount of new contracts signed overseas. According to statistics, as of December 31, 2023, the company was operating in 139 countries and regions.

According to the company's stock ratio, each business confirmed that the contract amount for infrastructure and other investment projects was 208.618 billion yuan (domestic was 19.056 billion yuan, overseas was 13.562 billion yuan), and it is estimated that the construction and security contract amount that the company can undertake in the design and construction process is 15.140 billion yuan.