Zhong Zheng Wang·2025-08-30 01:07Core Viewpoint - China Communications Construction Company (CCCC) reported steady operational performance in the first half of 2025, focusing on high-quality development and actively fulfilling its responsibility to serve national strategies [1][2]. Financial Performance - In the first half of 2025, CCCC achieved operating revenue of 337.055 billion yuan and a net profit attributable to shareholders of 9.568 billion yuan, with earnings per share of 0.56 yuan [1]. - The new contract value reached 991.054 billion yuan, representing a year-on-year increase of 3.14% [3]. Business Development - The new contracts in emerging business areas amounted to 320.255 billion yuan, accounting for approximately 32% of the total new contracts [1]. - The company held an unexecuted contract amount of 3.428988 trillion yuan as of June 30, 2025 [1]. Shareholder Returns - CCCC has distributed approximately 55.6 billion yuan in dividends to shareholders and is committed to a dividend policy with a minimum payout ratio of 20% [2]. - The company aims to enhance the transparency and predictability of cash dividends and plans to implement a mid-term dividend or pre-dividend as a regular practice [2]. Strategic Focus - CCCC is focusing on innovation, green development, digital transformation, and sustainable practices, with an emphasis on "full transportation, full cities, and full water areas" [2]. - The company is accelerating its transition to a "fully green and fully digital" model, leveraging digitalization to promote green development [2]. Market Position and Growth - CCCC maintains its leading position in the industry, with significant contributions to national key projects, including the completion of the Tianshan Victory Tunnel [3]. - The company reported a 15.9% year-on-year increase in new contracts for domestic port construction, totaling 53.191 billion yuan, and a 5.69% increase in dredging contracts, totaling 63.077 billion yuan [3]. Research and Innovation - CCCC's R&D expenditure was 8.891 billion yuan, accounting for 2.64% of operating revenue [3]. - The company has made breakthroughs in key technologies and established national-level innovation platforms, including the approval of the "National Key Laboratory for Estuary and Coast" [4]. Future Outlook - CCCC plans to continue focusing on growth and aims to achieve its annual targets while laying a solid foundation for high-quality development [4].