Business and Financial Review
Our engineering contracting business serves infrastructure, housing, industrial construction, and municipal engineering projects.
- CITIC Construction is a provider of integrated engineering construction services. Its main business covers general engineering contracting in infrastructure, civil construction, and industrial projects. In addition, the company is involved in importing and exporting mechanical and electrical equipment. It is also exploring opportunities in energy resources engineering, agricultural engineering and other related fields.
- CITIC Engineering Design is a municipal engineering design and management company.
In 2016, revenue from the engineering contracting business amounted to HK$11 billion, representing a year-on-year decrease of 25%. Net profit attributable to ordinary shareholders was HK$1.7 billion, which was 36% less than the year before. New projects have not yet contributed to revenue as they are either recently signed or still at a preliminary stage, a major reason for the business’ revenue and profit decrease for the year.