Share This

Public company info - Hebei Construction Group Corporation Limited-H shares , 01727.HK
Input the stock code or the company name     Search  
 
 Profile   Information   Data   Financial Ratios   Profit Loss   Cash Flow   Balance   Earnings   Dividend 

Hebei Construction Group Corporation Limited-H shares, 01727.HK - Company Profile
Chairman Li Baozhong
Share Issued (share) 461,000,000
Par Currency Renminbi
Par Value 1.0
Industry Construction & Decoration
Corporate Profile Business Summary: The Group is a leading non-state owned construction group in China, providing integrated solutions primarily for the construction contracting of buildings and infrastructure projects. Performance for the year: Revenue of the Group decreased by 14.2%, or approximately RMB6,782 million from approximately RMB47,859 million in 2018 to RMB41,077 million in 2019, net profit of the Group for 2019 was RMB763 million, representing a decrease of approximately RMB406 million as compared with that of last year. Business Review A substantial majority of our revenue was generated from the construction contracting business, which mainly comprised of building construction business, infrastructure construction business and specialized and other construction contracting business. In 2019, our new contract value was RMB72,084 million, representing an increase of 2.81% as compared with RMB70,117 million for the corresponding period of last year; and ongoing contract backlog was RMB98,157 million, representing an increase of 16.25% as compared with RMB84,434 million for the corresponding period of last year. The difference between the new contract value and ongoing contract backlog in 2018 in this report and the amount disclosed in the Company’s 2018 annual report is due to the Company’s acquisition of the controlling rights of Hebei Construction Group Garden Engineering Co., Ltd. in 2019, and the Group has therefore restated the new contract value in 2018 on a consolidated basis. For details of the acquisition, please refer to the 2018 Annual General Meeting circular of the Company dated 31 May 2019. Building Construction Business We provide construction contracting services for residential, public works, industrial and commercial construction projects. We undertake most of such construction projects as a general contractor. As a general contractor, we undertake all main aspects of construction projects, including building construction, foundation work, curtain wall construction, building decoration and fire engineering. We are also responsible for engaging subcontractors in providing construction services and the labor force for construction projects, coordinating the works of all parties, providing the major equipment and machinery, procuring raw materials and ensuring that construction projects are carried out on schedule. In 2019, the new contract value from the building construction business was RMB49,064 million, compared with RMB42,313 million for the corresponding period of last year. Infrastructure Construction Business In addition to our core building construction business, we are also providing increasing construction contracting services for municipal and transportation infrastructure projects, including facilities for water supply and treatment, gas and heating, urban pipelines, landscaping, roads, bridges and airport runways. We undertake most of such construction projects as general contractor. Our infrastructure construction customers are primarily local governments. In 2019, the new contract value from the infrastructure construction business was RMB18,159 million, compared with RMB20,141 million for the corresponding period of last year. Specialized and Other Construction Contracting Business We also undertake construction contracting projects by leveraging our qualifications and experience in specialized areas such as electrical and mechanical installation, construction of steel structures and decoration. Our electrical and mechanical installation works generally cover the supply, installation and maintenance of equipment for power plants, pipelines for heating and natural gas, as well as air-conditioning, mechanical ventilation and exhaust air systems. Steel structure construction generally refers to the building of the structural supporting elements comprising steel columns, girders and beams of a construction project. Decoration usually refers to the decoration and fixture handling after the completion of the major construction of the building. In 2019, the new contract value from the specialized and other construction contracting business was RMB4,861 million, compared with RMB7,663 million for the corresponding period of last year. Prospects: The year 2020 is the last year of the “13th Five-Year Plan”. In the new year, we will continue to maintain an uplifting and enterprising spirit, and continue to adhere to the strategy of “foundation strengthening, business upgrade, further innovation and sustainable development”. Centering on the performance excellence model and focusing on efficiency, it will pursue various goals with high-caliber talents by adopting information technology and innovation measures, while the Project Department will be guided by the operation manual to provide strong support. I. Spreading “Two Wings” to Promote the Transformation and Upgrading of Corporates The optimization of industrial structure and the transformation and upgrading of corporates are arduous tasks for us, which is also one of the main reasons that constraint the development of the industry. We will continuously enrich and spread the “two wings” of finance and technology, so as to provide corporates with the wings to take off. (I) Corporate Development Driven by the Wing of Finance Financial capital plays a more and more important role in the corporate development. Having financial capital represents the possession of the competitive strength and development ability. We will leverage the market by using the financial capital, so that financial capital can better serve the market expansion. (II) Corporate Development Supported by the Wing of Science and Technology In today’s world, the cycles of new discoveries, new technologies, new products, and new materials are becoming shorter and shorter, and the achievements of engineering scientific and technological innovations come up incessantly. We will not wait and see, nor follow the same pace and path as others in grasping scientific and technological work. We will have the momentum to strive for the best in every day. We will focus on scientific and technological work with priority, letting corporates to comprehensively enhance their independent innovation capabilities, strive to master the core and key technologies, enhance the ability of scientific and technological achievements transformation, and improve the overall technical level of the industry, thereby elevating the comprehensive competitiveness of corporates and enhancing its development momentum. II. Continuing on Focusing Forging “Two Suppliers” First is a leading integrated construction service provider. Its business scopes cover building construction, municipal and public works, road construction, bridge construction, railway construction, water conservancy and hydropower, port and terminal construction, and other large-scale infrastructure construction, as well as the provision of professional integrated solutions in respect of construction for clients. Second is a leading municipal service provider. We cater to customers’ diverse needs with a full suite of products and professional solutions in gas, water supply and drainage, heating, civil defense, urban roads, underground pipeline networks and community sectors. III. Drawing on Leading Position to Continuously Improve Market Capacity (I) Striving to Improve Project Performance In terms of market composition, our shortcoming is that we have relatively few numbers of high-profile, large-scale, supreme, leading and special construction projects. It causes trouble in maintaining the qualification grades and add items and upgrades of qualification. We will target and keep a close eye on these projects, in particular, work hard on the high-end and large-span projects, so as to give full play to the Group’s platform advantages. We dare to compete with strong players and have successful bidding awarded, thereby achieving excellent performance and building up our corporate brands. (II) Capturing Opportunities and Making Good Use of Professional Business Cards Under the background that the PRC’s economy has changed from a stage of rapid growth to a stage of high-quality development, efforts to stabilize growth, expanding effective investment, and accelerating the construction of a series of essential transportation infrastructure regarding the overall development have became an important task throughout the country, of which the airport construction is even the highlighted part. The Company has a high-quality platform, well-established brand name and remarkable performance in airport lanes construction. We will make good use of this professional business cards to expand the Group’s market share in airport lanes construction nationwide and expand economic growth points. (III) Striving to Achieve Breakthroughs in Market of Xiong’an New Area The market threshold barriers of Xiong’an New Area to local construction enterprises, especially to private construction enterprises, have objectively adversely affected us. However, in terms of market competition, good things like “pies fall from the sky” would never happen. We will adopt various strategies to achieve breakthroughs on the premise of compliance with laws and regulations. In view of the current situation, it is necessary to explore a way to cooperate with state-owned enterprises in order to achieve a win-win situation in market of Xiong’an New Area. The command department of Xiong’an New Area will play a practical role in collecting and submitting relevant information in time to provide basis for leaders’ decision-making. IV. Improving Quality and Efficiency to Achieve High-quality Development We strive to improve the profitability of the projects, spare no effort in recovering accounts receivables and revitalizing the funds, and guarantee the safety of the capital chain. We perform risk prevention to ensure the safe operation of the Group. In 2020, let us be united and harmonized, forge ahead to the established goals with determination, with an aim to evolve the Group into “a happy enterprise that accomplishes the purposes of its own and others, a century-old company with an ever-lasting business”.

Information from the financial statements of listed companies

Mobile | Full
Forum rule | About Us | Contact Info | Terms & Conditions | Privacy Statment | Disclaimer | Site Map
Copyright (C) 2024Suntek Computer Systems Limited. All rights reserved
Disclaimer : In the preparation of this website, 88iv endeavours to offer the most current, correct and clearly expressed information to the public. Nevertheless, inadvertent errors in information and in software may occur. In particular but without limiting anything here, 88iv disclaims any responsibility and accepts no liability (whether in tort, contract or otherwise) for any direct or indirect loss or damage arising from any inaccuracies, omissions or typographical errors that may be contained in this website. 88iv also does not warrant the accuracy, completeness, timeliness or fitness for purpose of the information contained in this website.