CITIC Engineering Design
CITIC Engineering Design is an engineering design, investment and management company focused on EPC projects in urban planning, ecological preservation and environmental protection.
It holds many patents in architectural and urban design. It has led and assisted in preparing various national standards and specifications, and manages projects across the country.
In 2016, the company transformed its business model, adding investment and EPC services to its historical core in municipal engineering design and management. Over the year, one of its EPC projects in Wuhan, with a total value of RMB5.1 billion, was officially included in China’s Third Batch of Demonstration Projects of Public-Private Partnership. It also signed an investment and financing agreement for another project in Wuhan with a total value of RMB2.3 billion. The company also won the bid for phase I of Wuhan Jinkou New Town (total contract value: RMB300 million).
In 2016, revenue from CITIC Engineering Design amounted to RMB1.95 billion, representing a year-on-year increase of 15.4%, while net profit was RMB248 million, representing a decrease of 11.4% from 2015.