On Sunday, China Railway Construction released the 2023 business announcement:
In 2023, China Railway Construction will sign a new contract value of 3,293.870 billion yuan, achieve an operating income of 1,137,993.5 million yuan, a total profit of 38,828.2 million yuan, and a net profit of 32,328.7 million yuan. The operating income was 1137.9935 billion yuan, a year-on-year increase of 3.80%, the total profit was 38.8282 billion yuan, a year-on-year increase of 2.65%, the net profit was 32.3287 billion yuan, a year-on-year increase of 1.68%, the net profit attributable to shareholders of listed companies was 26.0970 billion yuan, a year-on-year decrease of 2.19%, and the net assets attributable to shareholders of listed companies were 309.8375 billion yuan, an increase of 6.69% year-on-year.
CRCC ranked 43rd in the "Fortune Global 500", ENR ranked third in the "World's 250 Largest Contractors", ranked 101st in the "Top 500 Global Brand Value", and was rated A in the business performance assessment of the heads of central enterprises of the State-owned Assets Supervision and Administration Commission of the State Council and the assessment of key tasks in the three-year reform action.
A partial list of key projects
List of net profit of each subsidiary
The subsidiary, which accounts for a large proportion of the consolidated operating performance, is China Railway Construction Kunlun Investment Group Co., Ltd. In 2023, CRCC Kunlun Investment Group Co., Ltd. had an operating income of RMB58,465.9 million, an operating profit of RMB4,503.2 million, and a net profit of RMB3,579.9 million, accounting for 11.07% of the Group's net profit of RMB32,328.7 million.
The hard power of China Railway Construction
CRCC is one of the largest and most powerful comprehensive construction industry groups in mainland China and even in the world, with a complete industrial chain covering the upstream and downstream of the construction industry, which can provide whole-process, full-cycle, personalized, customized and high-quality services such as engineering contracting, planning and design consulting, investment and operation, real estate development, industrial manufacturing, material logistics, green environmental protection, industrial finance and emerging industries for owners in different fields, different types and different needs. The Group has been continuously selected as one of the "Fortune Global 500" companies, ranking 43rd in 2023 and among the top 3 in the "World's 250 Largest Contractors" published by Engineering News-Record (ENR) magazine in the United States, with operations in 32 provinces, autonomous regions and municipalities directly under the central government and 143 countries and regions in the world, with an A+H-share listing platform, sufficient bank credit, and the highest international credit rating for construction companies.
CRCC's 2024 business plan is: new contract value of 3,001.1 billion yuan, operating income of 1,104 billion yuan, and costs and taxes of 1,052.1 billion yuan.
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