CCCCDC(SH:600720) Jin Rong Jie·2025-07-16 02:24Core Viewpoint - The growth of China Communications Design Co., Ltd. (中交设计) since its listing in 1996 reflects not only the company's expansion but also the development of the engineering design industry, although recent years show a slowdown in growth momentum [1][3]. Business Overview - The main business of the company includes engineering technology and design services, with the core products divided into surveying and design, and engineering general contracting and project management. Surveying and design account for the highest revenue share at 74.95%, followed by engineering general contracting and project management at 15.77% [3]. Financial Performance - Since its listing, the company has achieved a cumulative profit growth of 6762.58%, with net profit increasing from 0.26 billion yuan in 1996 to 17.51 billion yuan in the latest complete fiscal year of 2024. The company has not reported a loss in any year, with 14 years of profit growth, representing 53.85% of the years [3]. - Revenue has grown from 7.81 billion yuan in 2020 to 12.43 billion yuan in 2024, although the growth rate has shown signs of slowing down [3]. - The net profit increased from 1.44 billion yuan in 2020 to 1.75 billion yuan in 2024, indicating overall profit growth despite noticeable fluctuations during this period [3]. Market Capitalization - The company's market capitalization has increased 39.95 times since its listing, indicating long-term investment value. The peak market capitalization reached 25.75 billion yuan on April 22, 2024, with the stock price rising to 12.49 yuan. However, by July 15, the market capitalization decreased to 18.06 billion yuan, representing a loss of 7.69 billion yuan, or 29.87% from its peak [5].