The latest "central A" list: 4 construction central enterprises on the list, China Communications Construction "19 consecutive A".
DATE:2024-08-06
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As a centralized enterprise with three pilots: pilot state-owned capital investment company, contact point for party building in state-owned enterprises, and pilot construction of a strong transportation country, CCCC has always adhered to the general keynote of "seeking progress while maintaining stability", closely followed the theme of "high-quality development", and put forward the concept of "123456", which is "the best way to achieve high-quality development", and "the best way to achieve high-quality development". 123456" overall development ideas and high-quality "two guarantees and one fight" strategic objectives, maintain strategic strength, unswervingly stronger, better and bigger, and more prominent "science and technology" and "talent". The key supporting role of "talent-based" for enhancing core functions and core competitiveness has been emphasized, and the successful practice of "reengineering CCCC" and "trillion CCCC" has been created one after another, and the company has been honored by the American Engineering News Record (AEWR) for 17 years. For 17 consecutive years, it has been honored as the largest international contractor in Asia by Engineering News Record (ENR) of the United States, and ranked 63rd among the Fortune Global 500, and is marching towards the goal of being a world-class enterprise with global competitiveness in terms of science and technology, management and quality.
In 2023, CCCC realized a new contract volume of RMB1,753.2 billion, an increase of 13.7% year-on-year, and successfully accomplished the set business objectives; operating revenue of RMB758.7 billion, an increase of 5.1% year-on-year; net profit attributable to shareholders of the Company amounted to RMB23.812 billion, an increase of 23.61% year-on-year; and earnings per share amounted to RMB1.39. Stable growth in revenue from multiple business segments, steady improvement in the quality of development, and significant improvement in operating cash flow have all demonstrated that CCCC's business achievements in 2023 are worthy of the honorary title of "Central A".
In August 2004, the State-owned Assets Supervision and Administration Commission (SASAC) for the first time implemented the business performance assessment of central enterprises, and China Construction was the first and only construction enterprise to be assessed as a central A. In 2023, China Construction was awarded the A grade again, and up to now it has been assessed for a total of 19 times, with the highest ranking of No. 2 in central enterprises in the year of 2018, and the number of times that China Construction has ranked first in central enterprises in construction has amounted to 10 times, which is the highest for the construction of central enterprises. This year, China Construction once again ranked first among construction central enterprises, and once again demonstrated its strength as the biggest brother in the construction industry.
In 2023, China Construction firmly grasped the primary task of high-quality development, committed to the strategic goal of "one creation, five strengths", and deeply implemented the "one-six-six" strategic path, achieving new results in enterprise reform and development, and maintaining a steady development trend. For the year, the company realized a new contract volume of 4.32 trillion yuan and an operating income of 2.27 trillion yuan, hitting a new record high, and the main indexes continued to remain at the forefront of central enterprises, maintaining the industry's highest credit rating in the world.
China Minmetals Corporation, ranked No. 2 among centralized construction enterprises, first appeared on the central A list in 2004, and to date, it has won 16 central A ratings. However, China Minmetals at that time because of business reasons, temporarily does not belong to the construction engineering enterprises, December 8, 2015 approved by the State Council, China Minmetals and China Metallurgical Group to implement strategic reorganization, China Metallurgical Group as a whole merged into the Minmetals Group to become a wholly owned subsidiary of the Group, so in the construction of the central enterprises of the comparison between China Minmetals because of the reasons of China Metallurgical was outside the industry and the construction of the central enterprises in the queue.
In 2023, China Minmetals will take the implementation of General Secretary Xi Jinping's important instructions as a general guide, resolutely implement the decision-making and deployment of the CPC Central Committee and State Council, fully implement the tasks of the State-owned Assets Supervision and Administration Commission of the State Council, firmly grasp the primary task of high-quality development, resolutely carry out the mission of "repaying the country with the mining industry, and strengthening the country with the mining industry", and actively practice the "five core essentials". The company has been actively practicing the "Five Core Principles", accelerating the implementation of the "Five Action Plans" and the construction of "Five Types of Minmetals", seizing opportunities in the new situation, improving quality and efficiency in the steady growth, reaching new highs in scale and efficiency, and improving the quality of operation in all aspects. The company has reached new heights in terms of scale and efficiency, improved the quality of its operations, successfully completed the assessment tasks of the State-owned Assets Supervision and Administration Commission of the State Council, and has continued to strive to become a globally competitive world-class metals and minerals enterprise group.
As the largest and the only A+H-share listed company under China Minmetals, CMCC has been actively committed to serving the national strategy in 2023, and has been leading all staff to press forward with the goal of "One, Two, Five" and practicing hard on internal skills and strong management. New contracts amounted to RMB142,478 billion, an increase of 6% year-on-year; operating income amounted to RMB633,870 million; total profit amounted to RMB13,765 million; operating cash flow amounted to RMB5.9 billion, which was positive for 11 consecutive years; and gross profit margin was 9.7%.
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In 2023, CCCC realized a new contract volume of RMB1,753.2 billion, an increase of 13.7% year-on-year, and successfully accomplished the set business objectives; operating revenue of RMB758.7 billion, an increase of 5.1% year-on-year; net profit attributable to shareholders of the Company amounted to RMB23.812 billion, an increase of 23.61% year-on-year; and earnings per share amounted to RMB1.39. Stable growth in revenue from multiple business segments, steady improvement in the quality of development, and significant improvement in operating cash flow have all demonstrated that CCCC's business achievements in 2023 are worthy of the honorary title of "Central A".
In August 2004, the State-owned Assets Supervision and Administration Commission (SASAC) for the first time implemented the business performance assessment of central enterprises, and China Construction was the first and only construction enterprise to be assessed as a central A. In 2023, China Construction was awarded the A grade again, and up to now it has been assessed for a total of 19 times, with the highest ranking of No. 2 in central enterprises in the year of 2018, and the number of times that China Construction has ranked first in central enterprises in construction has amounted to 10 times, which is the highest for the construction of central enterprises. This year, China Construction once again ranked first among construction central enterprises, and once again demonstrated its strength as the biggest brother in the construction industry.
In 2023, China Construction firmly grasped the primary task of high-quality development, committed to the strategic goal of "one creation, five strengths", and deeply implemented the "one-six-six" strategic path, achieving new results in enterprise reform and development, and maintaining a steady development trend. For the year, the company realized a new contract volume of 4.32 trillion yuan and an operating income of 2.27 trillion yuan, hitting a new record high, and the main indexes continued to remain at the forefront of central enterprises, maintaining the industry's highest credit rating in the world.
China Minmetals Corporation, ranked No. 2 among centralized construction enterprises, first appeared on the central A list in 2004, and to date, it has won 16 central A ratings. However, China Minmetals at that time because of business reasons, temporarily does not belong to the construction engineering enterprises, December 8, 2015 approved by the State Council, China Minmetals and China Metallurgical Group to implement strategic reorganization, China Metallurgical Group as a whole merged into the Minmetals Group to become a wholly owned subsidiary of the Group, so in the construction of the central enterprises of the comparison between China Minmetals because of the reasons of China Metallurgical was outside the industry and the construction of the central enterprises in the queue.
In 2023, China Minmetals will take the implementation of General Secretary Xi Jinping's important instructions as a general guide, resolutely implement the decision-making and deployment of the CPC Central Committee and State Council, fully implement the tasks of the State-owned Assets Supervision and Administration Commission of the State Council, firmly grasp the primary task of high-quality development, resolutely carry out the mission of "repaying the country with the mining industry, and strengthening the country with the mining industry", and actively practice the "five core essentials". The company has been actively practicing the "Five Core Principles", accelerating the implementation of the "Five Action Plans" and the construction of "Five Types of Minmetals", seizing opportunities in the new situation, improving quality and efficiency in the steady growth, reaching new highs in scale and efficiency, and improving the quality of operation in all aspects. The company has reached new heights in terms of scale and efficiency, improved the quality of its operations, successfully completed the assessment tasks of the State-owned Assets Supervision and Administration Commission of the State Council, and has continued to strive to become a globally competitive world-class metals and minerals enterprise group.
As the largest and the only A+H-share listed company under China Minmetals, CMCC has been actively committed to serving the national strategy in 2023, and has been leading all staff to press forward with the goal of "One, Two, Five" and practicing hard on internal skills and strong management. New contracts amounted to RMB142,478 billion, an increase of 6% year-on-year; operating income amounted to RMB633,870 million; total profit amounted to RMB13,765 million; operating cash flow amounted to RMB5.9 billion, which was positive for 11 consecutive years; and gross profit margin was 9.7%.