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Public company info - China Energy Engineering Corporation Ltd. - H Shares , 03996.HK

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China Energy Engineering Corporation Ltd. - H Shares, 03996.HK - Company Profile
Chairman Song Hailiang
Share Issued (share) 9,262,000,000
Par Currency Renminbi
Par Value 1.0
Industry Electric Equipment
Corporate Profile Business Summary: The Company is one of the largest comprehensive solutions providers for the power industry in China and globally, mainly engaged in survey, design and consultancy, construction and contracting, equipment manufacturing, civil explosives and cement production, investment and other businesses. Performance for the year: In 2019, the Company achieved the revenue of RMB247,291.0 million, representing a year-on-year increase of 10.38%; the profit before taxation amounted to RMB13,307.9 million, representing a year-on-year increase of 13.97%; the net profit attributable to the equity holders of the Company was RMB5,078.5 million, representing a year-on-year increase of 11.11%. The revenue from domestic business was RMB206,711.7 million, representing a year-on-year increase of 11.71%; the revenue from power business was RMB140,448.8 million, representing a year-on-year increase of 10.96%; the revenue from non-power business was RMB106,842.2 million, representing a year-on-year increase of 9.63%. Business Review: Survey, Design and Consulting Services Business This business generates revenue primarily from providing survey and design services for thermal, hydropower, nuclear power, wind power, solar power projects and power grid projects in China and overseas. The Company also generates revenue from providing a wide range of consulting services in respect of power industry policies, as well as power project testing, assessment and supervision services. Revenue before inter-segment elimination of survey, design and consulting services business of the Company increased by 7.68% from RMB12,216.3 million in 2018 to RMB13,154.0 million in 2019, mainly due to the increase in power transmission and transformation business and non-power businesses such as municipal construction, etc. Construction and Contracting Business This business generates revenue primarily from providing construction services for projects in China and overseas. Revenue before inter-segment elimination of construction and contracting business of the Company increased by 13.55% from RMB163,295.4 million in 2018 to RMB185,425.1 million in 2019, mainly due to the growth in the revenue of non-power businesses as a result of the large-scale construction of PPP projects. Industrial Manufacturing Business This business generates revenue primarily from the design, manufacture and sale of equipment for use in the power industry, including ancillary equipment for power plants, power grid equipment, steel structure and energy conservation and environmental protection equipment, manufacture and sale of civil explosives and cement products, and the provision of explosive service. Revenue before inter-segment elimination of industrial manufacturing business of the Company increased by 8.67% from RMB21,819.6 million in 2018 to RMB23,710.6 million in 2019, mainly due to the increase in sales volume of cement business and the growth of civil explosives business. Clean Energy, Environmental Protection and Water Utilities Business This business generates revenue primarily from businesses including power generation business, environmental protection business and water plant construction and operation, etc. Revenue before inter-segment elimination of clean energy, environmental protection and water utilities business of the Company decreased by 22.34% from RMB20,826.1 million in 2018 to RMB16,173.2 million in 2019, primarily due to the decrease in revenue of environmental protection segment business. Investment and Other Business This business generates revenue primarily from real estate development, expressway operation, financial services and other business. Revenue before inter-segment elimination of investment and other business of the Company increased by 11.17% from RMB17,572.1 million in 2018 to RMB19,534.8 million in 2019, the increase was primarily due to the increase in revenue of real estate development business, expressway operation and financial services business. Prospects: The year 2020 will be the wrap-up year for the country to build a moderately prosperous society in all respects, as well as the critical year for achieving the short-term objective of building the Company into an internationally competitive engineering company. Despite the difficulties and challenges of the Company brought about by the currently complicated and severe external and internal situations, it marks the time when there will still be a favourable prospect for international and domestic infrastructures and energy construction market and the Company’s development is still in a period with strategic opportunities for great development. The Company will focus on the strategic goal of building an internationally competitive engineering company, always adhere to the confidence in development, endeavor to seize opportunities for development, further consolidate the achievements of business transformation and management foundation, improve the institutional mechanism and system, deepen various reforms, enhance development quality, accelerate the promotion of high-quality development of enterprises, and ensure the fulfillment of all strategic goals comprehensively.

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