(march 21, 2017) china state construction international group co., ltd. ("china state construction international", hereinafter referred to as the "group", stock code: 03311) announced today annual performance. the audited profit attributable to shareholders for the year ended december 31, 2016 was hk$5.13 billion, a year-on-year increase of 13.4%; and realized a turnover of hk$46.208 billion, a year-on-year increase of 21.6%. the board of directors recommended the payment of a final dividend of hk$18 cents per share for the year ended december 31, 2016. together with the interim dividend of hk15 cents per share, the total dividend for the whole year will be hk33 cents per share.
in 2016, the global economic recovery was slow and uneven, and uncertain events such as financial turmoil and political turmoil increased significantly. the us economy has developed relatively well and has entered an interest rate hike cycle. the eurozone is plagued by high unemployment and high debt; china's economy has entered a "new normal", and the economic structure has been continuously optimized. this year, the group has established the business policy of “progress while maintaining stability, pioneering and innovating, cultivating the market, and brand management”. facing the complicated market environment, the group adheres to the established “construction and infrastructure investment dual-core drive” strategy to consolidate the scale of hong kong and macau’s contracting business and brand advantages, seize the favorable opportunities for the continuous launch of public-private-partnership (public-private-partnership, hereinafter referred to as "ppp") projects in mainland china, give play to competitive advantages, innovate development models, strengthen brand management awareness, and enhance comprehensive project management and control capabilities.
looking forward to 2017, "complex and changeable" will become the "new normal" of global political and economic development, but the fundamentals of china’s long-term economic upturn have not changed, industrialization and urbanization the potential for chemistry is still huge. the group will accurately grasp the macroeconomic and industry market trends, adjust business strategies in a timely manner, and actively respond to changes in the external operating environment.
hong kong’s construction market has been challenged by the political and economic environment. the stabilization and rebound of macau’s gaming industry will benefit the development of the construction and real estate industry. with the completion of large-scale infrastructure projects in hong kong and large-scale hotel projects in macau, the shortage of resources in the industry will gradually ease, major contractors will become more aggressive in bidding, and competition in the hong kong and macau construction market will become increasingly fierce. mainland china's economy will continue to maintain a trend of "stability while improving", and the infrastructure investment market will maintain rapid development with the support of national policies, especially in emerging areas such as integrated pipeline corridors, sponge cities, and characteristic towns. the ppp market continues to expand and gradually regulates, entering a period of benign development, and a large number of market investment opportunities have emerged.
far east global (830.hk) steadily advances the pace of internationalization. while stabilizing traditional markets such as hong kong, macau and north america, it also actively develops the australian and british markets. adjust the bidding strategy in response to changes in the market environment, ensure superior projects, break through key projects, and tap into the price potential.
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