2011 Results Announcement China Railway Construction Corporation Limited

Transcription

1 Results Announcement China Railway Construction Corporation Limited

2 I. Overview

3 Global Influence Further Strengthened Twice in a Row Cited as World s Largest Contractor In, CRCC s Position Continued to Rise in the Industry In, its ranking in Fortune 500 Enterprises up by 28 places to 105 th In, it remained in the 1 st place in the Global 225 Largest Contractors by Engineering News Record 485 th 384 th 356 th 252 nd 133 rd 105 th 1 st 1 st 4 th 4 th 6 th 7 th Further Enhanced its Global Influence and Recognition by Winning Multiple Awards One of Top 100 Most Profitable Companies Listed in Hong Kong The Chinese Listed Company with The Greatest Brand Influence Abroad The 7 th Place among Top 500 Chinese Enterprises The most investment-worthy company during the 12 th Five-year Plan 3

4 New Contract Value Beat Expectations Strong Growth Potential New Contract Value Backlog Growth Rate:-8.8% Growth Rate:23.2% 1,198, , , ,409 Non- Railway New Contract Value Growth Rate:73.5% 543,823 Overseas New Contract Value Growth Rate:193.4% 76, ,521 25,913 4

5 Operation Efficiency Rose Steadily Revenue Growth Rate:-2.7% 470, ,366 (RMB Million, %) 41,512 Gross Profit and Gross Margin Growth Rate:15.7% 48, % 8.8% Net Profit Net Profit Attributable to Shareholders Growth Rate:82.6% 7,882 Growth Rate:85.0% 7,854 4,317 4,246 5

6 Industrial Transformation and Upgrade (RMB Million, %) New Contract Value (% in Total) Non-Construction Business 69, % Growth Rate: 34.8% 93, % (RMB Million, %) Revenue (% in Total) Non-Construction Business 50, % Growth Rate: 25.5% 62, % Profit Before Tax Contributed by Non-Construction Business Growth Rate: 60.5% 4,241 2,642 6

7 Breakthroughs in Scientific Research with Further strengthening in the Construction Technology In, CRCC fastened its scientific and technological innovation, evidenced by a new state-of-art R&D institution, with breakthroughs in tech innovation; gained highest number of patents and national-level engineering methods in recent years. The Large-diameter Full-face Tunnel Boring Machine and other related Project Mechanical Equipment Building Program was included into the National 863 Program for the first time 57 invention patents and 42 national engineering projects were granted, representing the greatest number of achievements over the past years Supported by its scientific and technological innovation platform, a batch of key and hard-nut projects were completed and now in full operation Lion Ocean Submarine Tunnel Jiaozhou Bay Bridge Guangzhou-Shenzhen-Hong Kong High Speed Railway Yudong Yangtze River Bridge Scientific and Technological Innovation The R&D Center of CRCC 12th Bureau was granted as a national-level R&D center, a breakthrough achievement in the national-level innovative platform Investigation and Design Scientific, Technological and Construction Standards were well recognized by the Government and Society Project Construction Significant Achievements in Scientific and Technological Innovation 3 2 Projects Listed as National Major Scientific and Technological Projects Projects Won The 2nd Prize of National Scientific and Technological Progress Award Project Recognized as Provincial and Ministerial-level Research Projects Projects Won Provincial and Ministerial-level Technological Progress Awards 3 3 Projects Won National Excellent Engineering Design Award Projects Won National Excellent Engineering Design Industry Award Teams Won National Excellent Engineering Construction Quality Award Projects Won National Excellent Engineering Award Projects Awarded Luban Prize for China Architecture Project 7

8 II. Operation Highlights in

9 Construction Business Kept Stable New Contract Value Revenue Growth Rate -4.9% Growth Rate -13.3% 677, , , ,321 Backlog Gross Profit and Gross Margin (RMB Million, %) 20.8% Growth Rate: Growth Rate: 10.5% 1,127, ,786 34,783 38, % 8.1% 9

10 Project Contract Business Kept Stable (Cont d) Strong Growth in Non-Railway Markets In, amid a downturn in the railway market, particularly hitting the domestic railway market, CRCC vigorously expanded non-railway projects, thereby alleviating negative situations under an monopolistic railway business. Housing Construction New Contract Value Highway New Contract Value Urban Transit New Contract Value G 8.4% e: 20 t a R rowth G 14.9% Rate: h t w o r 163,630 94,183.4% t e: 8 th Ra w o r G 108,180 39,660 42,970 59,049 Municipal Projects New Contract Value Grow 7.3% t e: 7 a R h t Hydraulic and Electric New Contract Value 56,370 t e: th Ra Grow % 31,270 31,786 11,773 10

11 Investigation and Design Consulting Business Leader in the Industry In, CRCC continued to keep a leading position in the investigation and design consulting industry, with a significant increase in the profit margin. New Contract Value Growth R ate: 0.1% 7,579 7,589 Gross Profit and Gross Margin (RMB Million, %) Growth R 2,202 Landmark Projects ate: 3.0% 2, % Xiang an Tunnel 26.4% Revenue Awards in Growth Rate: -10.4% 8,333 7, Projects Won National Excellent Engineering Design Industry Award Projects Won National Excellent Engineering Design Award Yudong Yangtze River Bridge Lion Ocean Submarine Tunnel 11

12 Industrial Equipment Manufacturing Unit Leaping Forward CRCC has mastered several world-leading core technologies with complete Proprietary IPRs, in particular the high-end shield equipment reached domestic leading level. New Contract Value Gross Profit and Gross Margin (RMB Million, %) % ate: 37.0 Growth R Growth Rate: 11,968 1, % 1, % 8, % CRCC Developed a series of New Products with Proprietary IPRs Revenue Growth Rate: -3.7% 9,256 8,915 The large-diameter fullsection tunnel boring equipment and key construction machinery equipment project was incorporated into national 863 program for the first time 12

13 Real Estate Business Rose amid Macro-Adjustment In, CRCC won 11 real estate projects in Beijing, Chongqing, Wuhan, Xi'an, Guiyang, Ji'nan, Taian, Zhuzhou and Wuzhou By the end of, the Company has carried out real estate development in 30 cities including Beijing, with total land area of 7.24 million square meter and planned GFA of million square meter Contract Sales Revenue Gross Profit and Gross Margin Growth Ra 12,700 te: 15.4% 14,650 (RMB Million, %) th R Grow % ate: 13,538 th R Grow % ate: 4, % 5,189 1, % Landmark Projects CRCC Yuan Xiang Xiao Zhen CRCC Shan Yu Cheng CRCC Jiangyou Bo Ting 13

14 Logistics and Material Trading Business Grew Rapidly Sector Ranking Rises Year by Year Landmark Logistic Base Ranking of Top 50 Chinese Logistics Enterprises 5th 7th 9th 15th Northeast China Warehousing and Logistic Base Heavy Rail Reserve Base New Contract Value Product Oil Depot for Railway Construction Revenue Growth R % ate: 43.4 Growth Rate: 57, % 31,186 25,909 40,247 14

15 III. Financial Position in

16 Financial Position Further Strengthened Total Assets G 20.8% Rate: h t w o r Net Assets 422,983 G 12.9% Rate: h t w o r Cash and Bank Balances* 65,719 th Grow 27.4% Rate: 83,058 58, ,265 65, * Not including pledged depot.its 16

17 Capital Expenditure Kept Stable Capital Expenditure Capital Expenditure Segment Breakdown () (RMB Million, %) Others 1% 16, , Industrial Manufacturing 5% Investigation and Design Consulting 1% 15,045 13,583 Project Constracting Investigation and Design Consulting Industrial Manufacturing Others Project Contracting 93% 17

18 Analysis of Cash Flow Statement Net Cash Flow from Operating Activities Net Cash Flow from Investing Activities 6,253-10,603-15,525 Net Cash Flow from Financing Activities 41,649 10,359-12,576 18

19 IV. Development Strategy

20 Overall Strategy: Adjust Business Strategy, Transform Corporate Structure, Promote Industrial Upgrade Amid challenges and difficulties in 2012, our main theme is Adjust Business Strategy, Adjust Corporate Structure and Promote Industrial Upgrade. We aim to speed up technology upgrading, cost reduction, intensifying risk control measures to ensure sustainable growth. 1 Focus Focus on on Key Key Projects Projects Pay Pay consistent consistent attentions attentions to to operating operating and and contracting contracting in in key key industries, industries, projects projects and and regions regions Enhance Enhance Development Development Quality Quality and and Efficiency Efficiency Focus Focus on on Investment Investment Highlights Highlights 2 Pay Pay attention attention to to contracting contracting in in housing housing construction, municipal facilities, construction, municipal facilities, hydraulic hydraulic construction construction and and electric electric power, power, and and urban urban rail rail system, which are hot investment system, which are hot investment spots spots Transform Development Pattern, Adjust Structure, Promote Upgrading Further Further enhancement enhancement in in the the corporate corporate governance and internal control governance and internal control system, system, improve improve corporate corporate management, management, and and more more attention attention to to quality quality and and efficiency efficiency controls controls 4 Expand Expand in in Emerging Emerging Markets Markets Actively Actively expand expand into into emerging emerging markets markets like like energy energy && mining, dredging & reclamation, mining, dredging & reclamation, and and environmental environmental protection protection in in order order to to increase increase market shares market shares 3 20

21 Q&A 21