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CTIEC achieved a new high

Post Time:Apr 30,2009Classify:Company NewsView:464

On 22nd Apr, China National Building Material Company Limited (CNBM for short, HK3323) issued 2008 annual performance report, the next day board chairman Mr. Song Zhiping and the management made results announcement in Hong Kong, and reported the 2008 annual business performance to the capital market and investors. As an engineering service unit of CNBM, China Triumph International Engineering Company (CTIEC) contributed greatly to the good business performance of CNBM.

In 2008, CNBM had operating income RMB 26.4 billion, increasing 151% year-on-year; net profit 1.512 billion, increased 66% year-on-year; earning 0.68RMB per share, increased 58% year-on-year. The annual compound growth rate of operating income, operating profit and net profit of the last three years increased 102%, 89% and 66% separately, and stock price increased 6.93% and became Hong Kong market top 10 active H-share on that day the announcement was made.

In 2008, CTIEC comprehensively implemented the deployment made by the group and joint- stock company, strengthened the main business, reinforced the research and development, standardized management, faced the challenge of critical situation at home and abroad imperturbably, advanced the process of industrialization, marketization, engineering and internationalization, overcame the tough difficulties and finally exceeded the annual target with joint endeavors of all staff. The orders increased steadily in 2008, the operating income and net profit increased dramatically by 54% and 83% separately, the net profit exceeded RMB 358 million, much more than average earning in this industry. The company kept the promise made to investors that business growth rate would be more than 50% in consecutive 3 years. In 2008, CTIEC became Chinese top 25 project general contract companies, top 20 project management companies and top 26 survey & design corporations.

Source: China Triumph International Engineering CompanyAuthor: shangyi

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