China: CCCC Posts 2012 Interim Report

On August 29, CCCC held a release conference 2012 Interim Report. Chairman Zhou Jichang, and Chief Economic Engineer and Board Secretary Liu Wensheng were present.

At the conference, CCCC elaborated on its business performance in the first half of 2012 to investors, and forecasted the development of all its business sectors in the second half.According to China Accounting Standards, by June 30, 2012, CCCC’s business revenues, net profit and earning per share had been 125.069 billion yuan, 4.85 billion yuan and 0.31 yuan respectively; according to International Accounting Standards, by June 30, 2012, CCCC’s business revenues, net profit, earning per share and uncompleted contract value had been 124.737 billion yuan, 5.016 billion yuan, 0.32 yuan and 693.94 billion yuan respectively.

At the conference, Chairman Zhou Jichang and Board Secretary Liu Wensheng answered questions from investors and financial reporters, exchanged ideas with attendees on their concerns, and pledged that the company will continue to seize opportunities to actively change development modes, pay closer attention to enhancing profitability, value the optimization of its asset structure and business structure, standardize corporate system building, intensify basic management, and further enhance the company’s operation quality and profitability, to yield higher return for investors.

The conference has drawn wide attention from capital markets, achieved expected effects and further established the company’s favorable image in domestic and overseas capital markets. Among attendees were major institutional investors and financial media outlets from the mainland and Hong Kong.

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Press Release, September 10, 2012