Gelonghui, April 29丨China Communications Construction (01800.HK) released its report for the first quarter of 2024. During this reporting period, the company solidly promoted the “Year of High Quality Development and Improvement” campaign, adhered to the general work tone of seeking progress through steady progress, promoting stability first, breaking first, and then breaking later, paid close attention to market management, and continuously improved value creation capabilities. The main business indicators achieved steady growth. The new contract amount was RMB 507.298 billion, up 10.81% year on year; operating income reached RMB 176.904 billion, up 0.18% year on year; operating profit reached RMB 9.325 billion, up 10.10% year on year; net profit attributable to shareholders of the parent company was RMB 6.141 billion, up 10.00% year on year, with earnings per share of RMB 0.36 billion.
From January to March 2024, the company signed a new contract amount of RMB 507.298 billion, an increase of 10.81% over the previous year, and achieved 25.49% of the company's annual target. Among them: infrastructure construction business, infrastructure design business, dredging business and other businesses were RMB 464.426 billion, RMB 10.131 billion, RMB 29.219 billion, and RMB 3,522 billion, respectively.
The amount of new contracts signed by various businesses from overseas regions was RMB 91,235 billion (approximately US$12.943 billion), an increase of 9.37% over the previous year, accounting for about 18% of the company's new contract amount. Among them, infrastructure construction business, infrastructure design business, dredging business and other businesses were RMB 87.283 billion, RMB 288 million, RMB 3.126 billion, and RMB 538 million, respectively.