中国建筑国际(03311) - 2024 - 年度财报

Financial Performance - The company's revenue for the fiscal year ending December 31, 2024, reached HKD 115,106,744, representing a 1.2% increase from HKD 113,734,013 in 2023[23] - The profit attributable to shareholders for the same period was HKD 9,361,017, reflecting a 2.1% increase compared to HKD 9,164,045 in 2023[23] - The EBITDA for the fiscal year was HKD 17,118,966, up from HKD 16,161,568 in 2023, indicating a growth of 5.9%[23] - The net profit margin remained stable at 8.1% for both 2023 and 2024[23] - The proposed final dividend for 2024 is HKD 0.615 per share, an increase from HKD 0.56 in 2023[23] - The group achieved an audited revenue of HKD 115.11 billion and an operating profit of HKD 15.91 billion for the fiscal year ending December 31, 2024, with a 2.1% increase in profit attributable to shareholders to HKD 9.36 billion[119] - Basic earnings per share increased by 2.2% to HKD 1.86, with a total dividend of HKD 0.615 per share, up 9.8% from last year[138][152] Contract and Project Management - The company reported a backlog of contracts amounting to HKD 386.54 billion as of December 31, 2024, an increase from HKD 350.05 billion in 2023[23] - The group undertook 121 new projects during the year, with a total contract value of HKD 211.26 billion[115] - In Hong Kong, the group secured new contracts totaling HKD 90.048 billion, representing a year-on-year growth of 27.0%[122] - The group won the largest contract in its history for the New Territories West Landfill Expansion Project, with a total contract value of HKD 61.1 billion, of which the group's share is approximately HKD 42.8 billion[122] - In mainland China, the group signed new contracts worth HKD 100.192 billion, focusing on high-level markets in the Yangtze River Delta and Greater Bay Area[123] - The group’s new signed contracts in the facade market reached HKD 11.02 billion, further solidifying its leadership position in the industry[125] Cash Flow and Financial Health - The current ratio improved to 1.39 in 2024, up from 1.28 in 2023, indicating better short-term financial health[23] - The group reported a significant improvement in cash flow management, with operating cash inflow of HKD 2.007 billion and investment cash inflow of HKD 1.137 billion, solidifying cash flow improvements over the past three years[119] - The group achieved a cash balance of HKD 30.741 billion as of December 31, 2024, accounting for 11.3% of total assets[130] - The net gearing ratio was controlled at 73.6%, an increase of 7.5 percentage points year-on-year[130] - The cash inflow from operating activities was HKD 2.007 billion, while cash inflow from investing activities was HKD 1.137 billion, resulting in a net cash outflow from financing activities of HKD 349 million[159] Strategic Initiatives and Innovations - The company plans to continue expanding its operations in mainland China, which accounted for 52.5% of total revenue in 2024[25] - New product developments and technological advancements are ongoing, with a focus on enhancing construction efficiency and sustainability[29] - The company aims to maintain its commitment to corporate social responsibility, having received multiple environmental certifications[29] - The group launched the C-SMART digital construction laboratory, becoming the only enterprise-level laboratory invited to join the National Digital Construction Technology Innovation Center[85] - The group showcased 18 latest technological achievements at the China Construction Technology Expo[79] - The group is advancing its modular construction business (MiC), with significant projects in Shanghai and Shenzhen, including the largest urban renewal project using modular construction methods[123][124] Sustainability and Corporate Social Responsibility - The group completed its first social responsibility loan during the year, with sustainable-linked loans steadily increasing as a proportion of total loans[126] - The company aims to achieve peak carbon emissions by 2030 and carbon neutrality by 2050, with a series of actionable measures planned to meet these targets[126] - The group's sustainable development performance has been recognized by various authoritative institutions, with MSCI ESG rating upgraded to B and inclusion in the FTSE4Good Index for the eighth consecutive year[126] Awards and Recognition - China Construction Hong Kong received 13 awards, including the highest honor "BIM Organization Grand Award," at the HKIBIM Award 2023[32] - The group was awarded the "Outstanding Award for Chinese Management Model" at the 14th China Management Global Forum[87] - The group was recognized with the IDC 2024 Digital Innovation Special Award and the Digital Transformation Annual CIO Award for its AI-integrated project management big data platform[78] Market and Regional Focus - The group plans to enhance its market position in the Hong Kong and Macau regions, focusing on major infrastructure projects and public welfare initiatives[134] - Major ongoing projects in Hong Kong include the Kai Tak New Emergency Hospital (Site A) and the redevelopment of Prince of Wales Hospital, with multiple other significant construction initiatives underway[178] - In Macau, key projects include the Galaxy Phase 4 superstructure and the construction of public housing in New Town Area A, indicating a strong focus on infrastructure development[196]