Recently, China Communications Construction Co., Ltd. released the 2023 business announcement:
In 2023, the new contract value signed by CCCC will be 1,753.215 billion yuan, a year-on-year increase of 13.68%. The increase in the amount of newly signed contracts was mainly due to the increase in construction demand for overseas projects, urban construction, ports and bridges, national strategic key projects, etc. The business structure has been continuously improved, the scale of spot exchange has been steadily expanded, and the quality and efficiency of investment have been significantly improved.
The newly signed contract value of CCCC's business from overseas regions was 319.746 billion yuan (about 47.526 billion US dollars), a year-on-year increase of 47.5%, accounting for about 18.24% of the new contract value of CCCC. Among them, there are 30 projects with a new contract value of more than 300 million US dollars, with a total contract value of 31.105 billion US dollars, accounting for 65% of all new overseas contract value.
In 2023, the newly signed contract value of CCCC's infrastructure construction business will be 1,558.482 billion yuan, a year-on-year increase of 14.00%. The value of new contracts signed from overseas regions was 295.126 billion yuan (about 43.866 billion US dollars). Among them, the contract amount confirmed from infrastructure and other investment projects is 208.197 billion yuan, and the company is expected to undertake the construction and installation contract amount of 149.257 billion yuan.
A partial list of key projects
Due to space constraints, only some of the projects are shown here:
Ranking of net profit of each subsidiary
As can be seen from the figure above, the units with a net profit of more than 1 billion yuan (net profit from high to low) are as follows:
| The name of the organization | Net Profit (RMB) |
| CCCC Fourth Harbor Engineering Bureau Co., Ltd | 3,077,512,584 |
| CCCC First Public Bureau Group Co., Ltd | 2,721,116,704 |
| CCCC City Investment Holdings Limited | 2,584,040,709 |
| Zhongjiao Road and Bridge Construction Co., Ltd | 2,502,612,950 |
| CCCC Dredging (Group) Co., Ltd | 2,490,441,269 |
| CCCC Second Highway Engineering Bureau Co., Ltd | 2,290,042,960 |
| CCCC Second Harbor Engineering Bureau Co., Ltd | 2,213,152,202 |
| China Road and Bridge Engineering Co., Ltd | 2,115,764,944 |
| CCCC Investment Co., Ltd | 2,038,219,098 |
| China Harbor Engineering Co., Ltd | 1,914,008,233 |
| CCCC Capital Holdings Limited | 1,638,776,260 |
| CCCC Design Consulting Group Co., Ltd | 1,794,703,813 |
| CCCC First Harbor Engineering Bureau Co., Ltd | 1,493,990,266 |
| CCCC Construction Group Co., Ltd | 1,475,166,325 |
The hard power of CCCC
CCCC is one of the largest road and bridge construction enterprises in China, with obvious technical advantages and scale advantages in the construction of expressways, high-grade highways and cross-river and cross-sea bridges, and is in a leading position in the national market in the same industry. CCCC's highway business has realized the industrial pattern of infrastructure life cycle and whole-process integrated consulting services from a single industrial chain to the whole industrial chain (planning and planning, feasibility study, investment and financing, survey and design, engineering construction, operation and maintenance, and asset disposal). In the highway industry, it has the advantages of leading technical force, sufficient financial capacity, outstanding project performance, rich resource reserves, good reputation and other advantages, and can provide integrated consulting services for the whole industry chain. Important breakthroughs have been made in key technologies such as the construction of extra-large span suspension bridges, and in the research of alpine permafrost technology, in the whole industrial chain and comprehensive integrated services such as bridge, island and tunnel projects, and the comparative advantages of surpassing competitors have been formed.
CCCG has been rated Grade A in the assessment of the business performance of central enterprises by the State-owned Assets Supervision and Administration Commission of the State Council for 18 consecutive years, Grade A in the assessment of the Party Building Responsibility System of the State-owned Assets Supervision and Administration Commission of the State Council, ranked first among the world's largest international contractors in ENR for 17 consecutive years, and ranked 63rd in the world's top 500. In 2024, CCCC's target growth rate for new contract value is planned to be no less than 13.5% year-on-year, and the target revenue growth rate is not less than 8.2% year-on-year.
What are your thoughts on this?