Investment Rating - The report maintains a rating of "Accumulate" for China Construction Industry (830 HK) with a target price adjusted to HKD 1.75 from HKD 1.93, reflecting a potential upside of 17.2% based on a 6.0x FY25 target P/E ratio [5][7][16]. Core Insights - The company's FY25 interim performance was below expectations, with total revenue and net profit declining by 29.3% and 29.8% year-on-year to HKD 3.34 billion and HKD 390 million, respectively. The decline is attributed to a sluggish Hong Kong real estate market, leading to a slowdown in residential and commercial curtain wall projects [1][5]. - New contract signings for curtain wall projects decreased by 27.9% year-on-year to HKD 3.84 billion, with significant drops in both Hong Kong and mainland contracts [1]. - The report highlights a significant drop in new private residential construction in Hong Kong, down 57.0% year-on-year to approximately 6,100 units, indicating market adjustments to alleviate inventory increases [1][2]. Summary by Sections Financial Performance - For FY25, the company reported a total revenue of HKD 3.34 billion and a net profit of HKD 390 million, reflecting declines of 29.3% and 29.8% respectively. The curtain wall revenue from Hong Kong and Macau fell by 32.3% to HKD 2.07 billion, accounting for 62.0% of total revenue [1][12]. - The gross profit margin improved slightly to 17.6%, up from 16.1% in the previous year, despite the overall decline in revenue [12]. Market Positioning - The company continues to focus on high-value cities in mainland China, securing contracts with reputable developers and new economy enterprises. Notable projects include contracts with Swire Properties and Huawei [3]. - The company is also expanding into friendly overseas markets, winning contracts for three projects in Singapore, including a BIPV project at Changi Airport [4]. Financial Projections - The report adjusts the FY25-26 net profit forecasts down by 9.7% and 15.6%, respectively, while introducing a new forecast for FY27. The updated projections indicate a gradual recovery in revenue and profit margins in the coming years [5][6][12].

Core Viewpoint - China State Construction International Holdings (00830) experienced a significant decline in stock price, dropping nearly 9% to HKD 1.47, with a trading volume of HKD 5.2583 million [1] Financial Performance - The company reported a revenue of HKD 3.338 billion for the six months ending June 30, 2025, representing a year-on-year decrease of 29.31% [1] - Shareholders' profit attributable to the company was HKD 386 million, down 29.85% compared to the previous year [1] - The interim dividend was set at HKD 0.05, reduced from HKD 0.07 in the same period last year [1] Strategic Focus - The company aims to concentrate on its core curtain wall business, with a strategy to deepen its presence in Hong Kong and Macau, strengthen its position in mainland China, and focus on key overseas markets [1] - The company plans to leverage the "Far East Curtain Wall" brand advantage, innovate technology to empower business development, and implement refined management to reduce costs and increase efficiency [1] - The company is proactively addressing market downturn pressures [1]

消息面上，中国建筑兴业午间发布截至2025年6月30日止6个月业绩，该集团期内取得营业额33.38亿港 元，同比减少29.31%；公司股东应占溢利3.86亿港元，同比减少29.85%；派中期息5港仙，上年同期派7 港仙。公告称，2025年集团持续聚焦幕墙主业，锚定"深耕港澳、巩固内地、聚焦重点海外市场"的经营 策略，发挥"远东幕墙"品牌优势，创新技术赋能业务发展，精细化管理降本增效，积极主动应对市场下 行压力。 中国建筑兴业(00830)午后跌近9%，截至发稿，跌8.7%，报1.47港元，成交额525.83万港元。 ...

Group 1 - The company, China State Construction International Holdings Limited (00830.HK), announced a mid-term dividend of HKD 0.05 per share to be distributed on October 24, 2025 [1]

Core Viewpoint - China State Construction International Holdings Limited reported a significant decline in revenue and profit for the six months ending June 30, 2025, indicating challenges in the current market environment [1] Financial Performance - The group's revenue was approximately HKD 3.338 billion, representing a year-on-year decrease of 29.3% [1] - Shareholders' profit attributable to the company was about HKD 386 million, down 29.8% compared to the previous year [1] - Basic earnings per share were HKD 0.1712 [1] Dividend Distribution - The company declared an interim dividend of HKD 0.05 per share [1]

智通财经APP讯，中国建筑兴业(00830)发布公告，该公司将于2025年10月24日派发中期股息每股0.05港 元。 ...

Core Viewpoint - China State Construction International Holdings Limited (00830) reported a revenue of HKD 3.338 billion for the six months ending June 30, 2025, representing a year-on-year decrease of 29.31% [1] - The company's profit attributable to shareholders was HKD 386 million, down 29.85% year-on-year, with basic earnings per share at HKD 0.1712 [1] Group 1 - The company continues to focus on its core business of curtain walls, aiming to deepen its presence in Hong Kong and Macau, consolidate its position in mainland China, and target key overseas markets [1] - The company plans to leverage the "Far East Curtain Wall" brand advantage and innovate technology to empower business development [1] - The company is committed to refined management practices to reduce costs and increase efficiency while proactively addressing market downturn pressures [1]

Core Viewpoint - China State Construction International Holdings Limited (00830) reported a significant decline in revenue and profit for the six months ending June 30, 2025, indicating challenges in the market environment [1] Financial Performance - The company achieved a revenue of HKD 3.338 billion, representing a year-on-year decrease of 29.31% [1] - Shareholders' profit attributable to the company was HKD 386 million, down 29.85% compared to the previous year [1] - Basic earnings per share were HKD 0.1712 [1] Strategic Focus - The company plans to continue focusing on its core business of curtain walls, with a strategy aimed at deepening its presence in Hong Kong and Macau, consolidating its position in mainland China, and concentrating on key overseas markets [1] - The company aims to leverage the "Far East Curtain Wall" brand advantage and innovate technology to empower business development [1] - There is an emphasis on refined management to reduce costs and increase efficiency while proactively responding to market downturn pressures [1]

( 於開曼群島註冊成立之有限公司 ) (股份代號：830) 提名委員會 職權範圍 (本職權範圍應以英文為準，任何中文譯本不得更改或影響其解釋) 成立 1. 根據中國建築興業集團有限公司（「本公司」）董事（「董事」）局（「董事局」）於 二零一零年三月十日通過的決議案，提名委員會（「委員會」）獲成立為董事局轄 下的提名委員會。 成員及會議法定人數 秘書 4. 本公司的公司秘書應擔任委員會的秘書（「秘書」）。 5. 每年應舉行不少於一次會議。 會議通告 6. 會議通告須在會議前最少七天發出予所有委員會的成員。 表決 7. 於任何會議提呈之委員會決議案，須由出席成員以大多數票數通過。 提名委員會 - 職權範圍 （二零二五年八月） 1 會議次數 2. 委員會的成員須由董事局從董事中委任，並且須由不少於三名成員組成，惟過半 數成員必須為獨立非執行董事，而至少一名成員為不同性別。會議法定人數為二 人。 3. 委員會的主席須為董事局主席或獨立非執行董事，並由董事局委任。 8. 在雙方票數相同的情況下，委員會的主席將可享有額外一票的投票權。 書面決議案 9. 由委員會全體成員簽署之書面決議案，其效力及作用與決議案於正式召開及舉 ...

| 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因 | | | --- | --- | | 公告全部或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 | | | 股票發行人現金股息公告 | | | 發行人名稱 | 中國建築興業集團有限公司 | | 股份代號 | 00830 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 | 截至2025年6月30日止六個月之中期股息 | | 公告日期 | 2025年8月19日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.05 HKD | | 股東批准日期 | 不適用 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 每 股 0.05 HKD | | 匯率 | 1 HKD : 1 HKD | | ...