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China Communications Construction Co ( (HK:1800) ) has provided an update.
China Communications Construction Company Limited reported a revenue increase of 1.7% to RMB768,243 million for 2024, despite a 3.6% drop in profit attributable to shareholders. The company achieved a significant 7.3% growth in new contracts, driven by emerging business sectors, and maintained a substantial backlog of RMB3,486,773 million. The company plans to align closely with national strategies, focusing on high-quality development and contributing to major initiatives like the Belt and Road Initiative, as it concludes the 14th Five-Year Plan.
More about China Communications Construction Co
China Communications Construction Company Limited is a major player in the construction industry, primarily focusing on infrastructure projects. It is a key subsidiary of China Communications Construction Group (CCCG) and has been recognized as the top Chinese contractor on ENR’s list of the Top International Contractors for 18 consecutive years.
Average Trading Volume: 17,850
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