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viewpoint: china construction's 400 billion investment budget

2024-09-03

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guandian.comon september 2, china construction group held a semi-annual performance briefing for 2024. president wen bing, independent director ma wangjun, vice president wu bingqi, financial director huang jie and other management attended the briefing.

according to the performance report released by china construction group, during the period, operating income was rmb 1,144.62 billion, an increase of 2.8% over the same period last year; net profit attributable to shareholders of listed companies was rmb 29.45 billion, an increase of 1.6% over the same period last year.

among them, the housing construction business achieved operating income of 749.3 billion yuan, a year-on-year increase of 1.7%, accounting for 65.7% of the revenue; the infrastructure business achieved operating income of 269.5 billion yuan, a year-on-year increase of 11.7%, accounting for 23.6% of the revenue; the design and survey business achieved operating income of 5.4 billion yuan, a year-on-year increase of 2.8%; the overseas business achieved operating income of 56.5 billion yuan, a year-on-year increase of 3.7%.

in the first half of the year, china construction's overall gross profit margin was 9.4%, with a total profit of 49.77 billion yuan and a net profit of 40.21 billion yuan, up 0.3% and 0.5% respectively from the same period last year. the cumulative cash dividends distributed were 92.8 billion yuan, accounting for 19.1% of the parent's net profit. in the past four years, dividends have basically remained at the level of 20%.