China Communications Construction Company Limited
_________________________________________________________________________________
China Communications Financial Snapshot
Construction Company Limited Operating Performance
Fast Facts The company reported revenues of US$40,226.25
million during 2010, with a CAGR of 29.25% during
85, Deshengmenwai Street, Beijing, 2006–2010. Its revenue grew at an annual rate of
Headquarters Address
100088,People's Republic of China 21.25% over the previous fiscal year. In 2010, the
company recorded an operating margin of 5.18%, as
Telephone + 86 10 82016655
against 5.52% in 2009.
Fax + 86 10 82016500
Revenue and Margins
Website www.ccccltd.cn
Ticker Symbol, Stock Exchange 1800, Hong Kong Stock Exchange
Number of Employees 100,461
Fiscal Year End December
Revenue (in US$ million) 40,226.25
Revenue (in CNY million) 272,734.00
SWOT Analysis
Strengths Weaknesses
Expanding Market Share in Sector Contract Policy
Integrated Business Model Declining Operating Margin
Leading Market Position Limited Liquidity Position
Strong Order Backlogs Reliance on Government Contracts
Opportunities Threats
Focus on Overseas Business Environmental Concerns
Railway Expansion Initiatives Highly Regulated Environment
Stimulus Package of the PRC
Increasing Labor Costs
Government
___________________________________________________________________________________________
China Communications Construction Company Limited - Page 1
SWOT Profile
China Communications Construction Company Limited
_________________________________________________________________________________
TABLE OF CONTENTS
1 Business Analysis ................................................................................................................................... 5
1.1 Company Overview ................................................................................................................................................5
1.2 Business Description ..............................................................................................................................................5
1.3 Major Products and Services .................................................................................................................................6
2 Analysis of Key Performance Indicators ............................................................................................... 7
2.1 Five Year Snapshot: Overview of Financial and Operational Performance Indicators ..........................................7
2.2 Key Financial Performance Indicators .................................................................................................................10
2.2.1 Revenue and Operating Profit .........................................................................................................................10
2.2.2 Asset, Liabilities and Capex .............................................................................................................................11
2.2.3 Net Debt vs. Gearing Ratio ..............................................................................................................................12
2.2.4 Operational Efficiency ......................................................................................................................................13
2.2.5 Solvency ..........................................................................................................................................................14
2.2.6 Valuation ..........................................................................................................................................................15
2.3 Key Competitors ...................................................................................................................................................16
3 Mergers & Acquisitions and Partnerships ........................................................................................... 17
3.1 M&A and Partnerships Strategy ...........................................................................................................................17
4 Recent Developments ........................................................................................................................... 18
5 SWOT Analysis ...................................................................................................................................... 20
5.1 SWOT Analysis - Overview ..................................................................................................................................20
5.2 Strengths ..............................................................................................................................................................20
5.3 Weaknesses .........................................................................................................................................................20
5.4 Opportunities ........................................................................................................................................................21
5.5 Threats .................................................................................................................................................................22
6 China Communications Construction Company Limited - Company Statement .............................. 23
7 History .................................................................................................................................................... 25
8 China Communications Construction Company Limited - Key Employees ...................................... 26
9 Key Employee Biographies................................................................................................................... 27
10 Locations and Subsidiaries .................................................................................................................. 28
10.1 Head Office ..........................................................................................................................................................28
10.2 Other Locations and Subsidiaries ........................................................................................................................28
11 Appendix ................................................................................................................................................ 29
11.1 Methodology .........................................................................................................................................................29
11.2 Ratio Definitions ...................................................................................................................................................29
11.3 Disclaimer.............................................................................................................................................................33
___________________________________________________________________________________________
China Communications Construction Company Limited - Page 2
SWOT Profile
China Communications Construction Company Limited
__________________________________________________________________________________________
List of Tables
Table 1: Major Products and Services....................................................................................................................................6
Table 2: Key Ratios - Annual ..................................................................................................................................................7
Table 3: Key Ratios - Interim ..................................................................................................................................................9
Table 4: Key Capital Market Indicators ..................................................................................................................................9
Table 5: China Communications Construction Company Limit