China State Construction 'l : CSCI announced its operating information for December 2018

CSCI announced its operating information for December 2018

2019-01-10

(10 January 2019) China State Construction International Holdings Limited ('CSCI' or 'The Group', Stock Code: 03311) recorded an accumulated new contract value of HK$120.15 billion in the twelve months ended 31 December 2018, year-on-year growth of 16.5%, and hence achieved a 100.1% completion of the full year target of 2018 (which has been revised up to no less than HK$120.0 billion). As of 31 December 2018, the on-hand contract value of the Group amounted to approximately HK$366.31 billion, among which the backlog was approximately HK$236.56 billion. Major New Contracts Awarded in December 2018 include: Relocation Housing and Talent Apartment Project, Zhenjiang, Jiangsu Province (The attributable contract value of the Group is about HK$2.16 billion. Such project includes relocation housing and talent apartment with a total gross floor area of about 586,000 square meters. The construction period is about 24 months.); Relocation Housing Project, Wuhan, Hubei Province (The attributable contract value of the Group is about HK$1.93 billion. Such project includes relocation housing with a total gross floor area of about 470,000 square meters. The construction period is about 24 months.); Shantytown Relocation Housing Project, Hefei, Anhui Province (The attributable contract value of the Group is about HK$1.43 billion. Such project includes 23 residential buildings with a total gross floor area of about 385,000 square meters. The construction period is about 24 months.). New Contracts Target for 2019: The Group is pleased to announce that the Group's target for new contracts in 2019 is no less than HK$120 billion. # The Monthly Update has been prepared based on internal management records of the Group which have not been audited or reviewed by external auditors, and as such the data is for information only.