China State Construction Engineering Corporation Ltd
_________________________________________________________________________________
China State Construction Financial Snapshot
Engineering Corporation Ltd Operating Performance
Fast Facts The company reported revenues of US$54,633.85
million during 2010, with a CAGR of 34.46% during
CSCEC Mansion, Beijing, 100037,People's 2006–2010. Its revenue grew at an annual rate of
Headquarters Address
Republic of China 43.51% over the previous fiscal year. In 2010, the
company recorded an operating margin of 5.07%, as
Telephone + 86 10 88082888
against 4.89% in 2009.
Fax + 86 10 88082678
Revenue and Margins
Website www.cscec.com
Ticker Symbol, Stock Exchange 601668, Shanghai Stock Exchange
Number of Employees 111,587
Fiscal Year End December
Revenue (in US$ million) 54,633.85
Revenue (in CNY million) 370,417.53
SWOT Analysis
Strengths Weaknesses
Corporate awards Limited liquidity position
Diverse and niche business sectors Limited operating margin
Expanding market share in sector Limited presence outside China
Strong industry association
Opportunities Threats
Investment in water and wastewater Increasing competition for
sector infrastructure projects
Regulated environment in domestic
Stabilizing Hong Kong property market
market
Stimulus plans in China Shortage of skilled personnel
___________________________________________________________________________________________
China State Construction Engineering Corporation Ltd - Page 1
SWOT Profile
China State Construction Engineering Corporation Ltd
_________________________________________________________________________________
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 Operational Efficiency ......................................................................................................................................12
2.2.4 Solvency ..........................................................................................................................................................13
2.2.5 Valuation ..........................................................................................................................................................14
2.3 Key Competitors ...................................................................................................................................................15
3 Mergers & Acquisitions and Partnerships ........................................................................................... 16
3.1 M&A and Partnerships Strategy ...........................................................................................................................16
4 Recent Developments ........................................................................................................................... 17
5 SWOT Analysis ...................................................................................................................................... 18
5.1 SWOT Analysis - Overview ..................................................................................................................................18
5.2 Strengths ..............................................................................................................................................................18
5.3 Weaknesses .........................................................................................................................................................18
5.4 Opportunities ........................................................................................................................................................19
5.5 Threats .................................................................................................................................................................20
6 History .................................................................................................................................................... 21
7 China State Construction Engineering Corporation Ltd - Key Employees........................................ 22
8 Locations and Subsidiaries .................................................................................................................. 23
8.1 Head Office ..........................................................................................................................................................23
8.2 Other Locations and Subsidiaries ........................................................................................................................23
9 Appendix ................................................................................................................................................ 24
9.1 Methodology .........................................................................................................................................................24
9.2 Ratio Definitions ...................................................................................................................................................24
9.3 Disclaimer.............................................................................................................................................................28
___________________________________________________________________________________________
China State Construction Engineering Corporation Ltd - Page 2
SWOT Profile
China State Construction Engineering Corporation Ltd
__________________________________________________________________________________________
List of Tables
Table 1: Major Products and Services....................................................................................................................................6
T