|By ACN Newswire||
|March 26, 2014 11:02 PM EDT||
Benefited from a clear market positioning, China Machinery Engineering Corporation ("CMEC", 01829.HK), a leading brand among international engineering contractors in the PRC, achieved steady growth of results in 2013. According to disclosure of annual results announcement, its revenue from operation amounted to RMB21,426 million and profit from operation was 2,328 million, representing an increase of 12.8% as compared with that of 2012. In addition, CMEC had a strong order pipeline for 2013, holding the backlog of USD8,216.9 million in the international project segment of the Group. With construction of projects beginning in succession, a plenty of revenue will enter into the Group in the future. Notable was the dividend of RMB0.19 per share to be distributed by CMEC as published in its announcement, which made its investment value more attractive. In addition to a steady and sound growth of business of the Group, it is expected to bring an investment boom.
In 2014, the market widely forecasted that the recovery of the European and the US economy as well the emerging markets that is slowly walking out of exchange rate crisis will become important driving force for the growth of world economy. Taking the advantage of the rebound of the global economy, the infrastructure market of developing countries will continuously maintain a high-speed growth, while the infrastructure market of developed countries gradually entered into the renewal stage, which will also provide a huge market space. The future development CMEC is promising with unique advantages of its own business and rich overseas market resources.
Remarkable business advantages, steady growth brings excellent results
As a Chinese brand taking the lead to enter into the international engineering contracting market under the State's strategy of "overseas expansion", CMEC has accumulated rich overseas operation experiences and market resources through years of development and successfully established the CEMC brand in overseas market with its unique business edges.
Benefited from early access into international engineering contracting market and possession of extensive market resources and experiences, CMEC has an overall and scientific planning in overseas market. The Group's businesses have spread over 150 countries and regions, particularly formed core business zones in a large scale in key markets of Asia and Africa. CMEC obtained dozens of new contracts in 2013, consolidated the traditional mature markets such as Equatorial Guinea, Sri Lanka, Nigeria and so forth, meanwhile firstly expanded into the these countries through the student apartment project in Canada, expressway project in Papua New Guinea, the heat supply project in Mongolia, university town project in Jordan, which further optimized the overall planning of the Group in global market.
Along with continuous upgrading of demands in the international engineering contracting market in recent years, CMEC has established a series of scientific and effective "one-stop" international engineering contracting service system through subtle capture of market demands and further strengthened its own comprehensive competitiveness while providing high quality diversified services for proprietors. It was noted that the Group focuses on international engineering contracting business with the advantage of power and energy business and simultaneously develops multi-services including consultation, financing , design, procurement, commissioning and so forth involved in the engineering processes, so as to continuously reinforce its own comprehensive strength via extension of industrial chain and organic integration.
Attach to pulse of market, structural transformation facilitates new development of business
As a new round driving power of market demands in the global infrastructure industry, with the opportunity of vigorously promoting strategic planning of "urbanization" by the State, CMEC stepped into an important five-year for its development. In 2013, entered the first year of "Five-year Development Strategy", the Group made certain adjustments on business and market to provide support for further improvement in the future.
As a global leading international engineering contractor, CMEC continuously regards international engineering contracting business as its core driving force and emphasizes on enhancement of competitive strength of such business, meanwhile developed international trade and financial services and gave full play to synergic effect of various segments to achieve a significant improvement of the Group's overall business. In terms of market planning, the Group will continue to optimize its overseas layout, focus on regions of Asia, Africa and Latin America with promising market and closely capture infrastructure demands from recovery of the European and the US economies. At the same time, the Group will also develop the domestic market, especially through power and energy business with core advantages to achieve a paid development of domestic market.
Relying on notable advantages of business and scientific strategic adjustment, CMEC's future is promising. Together with an apparent recovery of industrial environment and further expansion of the Group's market share, it is estimated that the Group's results and performance will be improved significantly.
Copyright 2014 ACN Newswire. All rights reserved.
SYS-CON Events has announced today that Roger Strukhoff has been named conference chair of Cloud Expo and @ThingsExpo 2016 Silicon Valley. The 19th Cloud Expo and 6th @ThingsExpo will take place on November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. "The Internet of Things brings trillions of dollars of opportunity to developers and enterprise IT, no matter how you measure it," stated Roger Strukhoff. "More importantly, it leverages the power of devices and the Interne...
Jul. 24, 2016 04:45 AM EDT Reads: 1,966
"There's a growing demand from users for things to be faster. When you think about all the transactions or interactions users will have with your product and everything that is between those transactions and interactions - what drives us at Catchpoint Systems is the idea to measure that and to analyze it," explained Leo Vasiliou, Director of Web Performance Engineering at Catchpoint Systems, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York Ci...
Jul. 24, 2016 04:45 AM EDT Reads: 1,857
Predictive analytics tools monitor, report, and troubleshoot in order to make proactive decisions about the health, performance, and utilization of storage. Most enterprises combine cloud and on-premise storage, resulting in blended environments of physical, virtual, cloud, and other platforms, which justifies more sophisticated storage analytics. In his session at 18th Cloud Expo, Peter McCallum, Vice President of Datacenter Solutions at FalconStor, discussed using predictive analytics to mon...
Jul. 24, 2016 04:30 AM EDT Reads: 1,916
Redis is not only the fastest database, but it is the most popular among the new wave of databases running in containers. Redis speeds up just about every data interaction between your users or operational systems. In his session at 19th Cloud Expo, Dave Nielsen, Developer Advocate, Redis Labs, will share the functions and data structures used to solve everyday use cases that are driving Redis' popularity.
Jul. 24, 2016 04:30 AM EDT Reads: 1,448
Most organizations prioritize data security only after their data has already been compromised. Proactive prevention is important, but how can you accomplish that on a small budget? Learn how the cloud, combined with a defense and in-depth approach, creates efficiencies by transferring and assigning risk. Security requires a multi-defense approach, and an in-house team may only be able to cherry pick from the essential components. In his session at 19th Cloud Expo, Vlad Friedman, CEO/Founder o...
Jul. 24, 2016 04:00 AM EDT Reads: 1,796
"We host and fully manage cloud data services, whether we store, the data, move the data, or run analytics on the data," stated Kamal Shannak, Senior Development Manager, Cloud Data Services, IBM, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 03:45 AM EDT Reads: 1,128
With the proliferation of both SQL and NoSQL databases, organizations can now target specific fit-for-purpose database tools for their different application needs regarding scalability, ease of use, ACID support, etc. Platform as a Service offerings make this even easier now, enabling developers to roll out their own database infrastructure in minutes with minimal management overhead. However, this same amount of flexibility also comes with the challenges of picking the right tool, on the right ...
Jul. 24, 2016 02:45 AM EDT Reads: 873
As organizations shift towards IT-as-a-service models, the need for managing and protecting data residing across physical, virtual, and now cloud environments grows with it. Commvault can ensure protection, access and E-Discovery of your data – whether in a private cloud, a Service Provider delivered public cloud, or a hybrid cloud environment – across the heterogeneous enterprise. In his general session at 18th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Part...
Jul. 24, 2016 02:00 AM EDT Reads: 1,811
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
Jul. 24, 2016 01:30 AM EDT Reads: 1,120
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Jul. 24, 2016 01:15 AM EDT Reads: 1,214
The IETF draft standard for M2M certificates is a security solution specifically designed for the demanding needs of IoT/M2M applications. In his session at @ThingsExpo, Brian Romansky, VP of Strategic Technology at TrustPoint Innovation, explained how M2M certificates can efficiently enable confidentiality, integrity, and authenticity on highly constrained devices.
Jul. 24, 2016 01:15 AM EDT Reads: 864
“We're a global managed hosting provider. Our core customer set is a U.S.-based customer that is looking to go global,” explained Adam Rogers, Managing Director at ANEXIA, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 24, 2016 12:30 AM EDT Reads: 1,553
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
Jul. 23, 2016 11:45 PM EDT Reads: 1,212
DevOps at Cloud Expo – being held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA – announces that its Call for Papers is open. Born out of proven success in agile development, cloud computing, and process automation, DevOps is a macro trend you cannot afford to miss. From showcase success stories from early adopters and web-scale businesses, DevOps is expanding to organizations of all sizes, including the world's largest enterprises – and delivering real results. Am...
Jul. 23, 2016 11:30 PM EDT Reads: 2,109
SYS-CON Events announced today that Isomorphic Software will exhibit at DevOps Summit at 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Isomorphic Software provides the SmartClient HTML5/AJAX platform, the most advanced technology for building rich, cutting-edge enterprise web applications for desktop and mobile. SmartClient combines the productivity and performance of traditional desktop software with the simp...
Jul. 23, 2016 11:30 PM EDT Reads: 836