Welcome!

News Feed Item

Guaranteed by Various Edges Steady Growth of Results of China Machinery Engineering Corporation

Hong Kong, Mar 27, 2014 - (ACN Newswire) - March is coming with severe competitions among results of listed companies. In 2013, global economy displayed ups and downs and performance of listed companies reflected diversities. Although the global economy witnessed gradual recovery in 2013, the overall momentum remained weak. As major developed countries struggled in the downturn of economic growth, the emerging economies was impressive with its stable and fast economic growth. Along with policy adjustment of each country in emerging markets, the investment in infrastructure projects will be further expedited in the future, ushering in a new round of growing opportunities for international engineering contracting business.

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.

By giving priority to overseas market over the years, CMEC is well versed in market environment of international engineering contracting industry. It established a sound and scientific risk control system to ensure a steady progress of overseas business of the Group and maintain its capital chain at a healthy and efficient level with the assistance of unique operation model of "light assets". Market participants noted that the Group's capital expenditure on overseas projects was low because of the operation model of "light assets", which made it flexibly satisfy the market demands to create an industry-leading profit margin.

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.

More Stories By ACN Newswire

Copyright 2008 ACN Newswire. All rights reserved. Republication or redistribution of ACN Newswire content is expressly prohibited without the prior written consent of ACN Newswire. ACN Newswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"We're focused on how to get some of the attributes that you would expect from an Amazon, Azure, Google, and doing that on-prem. We believe today that you can actually get those types of things done with certain architectures available in the market today," explained Steve Conner, VP of Sales at Cloudistics, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Space Monkey by Vivent Smart Home is a product that is a distributed cloud-based edge storage network. Vivent Smart Home, our parent company, is a smart home provider that places a lot of hard drives across homes in North America," explained JT Olds, Director of Engineering, and Brandon Crowfeather, Product Manager, at Vivint Smart Home, in this SYS-CON.tv interview at @ThingsExpo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Coca-Cola’s Google powered digital signage system lays the groundwork for a more valuable connection between Coke and its customers. Digital signs pair software with high-resolution displays so that a message can be changed instantly based on what the operator wants to communicate or sell. In their Day 3 Keynote at 21st Cloud Expo, Greg Chambers, Global Group Director, Digital Innovation, Coca-Cola, and Vidya Nagarajan, a Senior Product Manager at Google, discussed how from store operations and ...
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
While some developers care passionately about how data centers and clouds are architected, for most, it is only the end result that matters. To the majority of companies, technology exists to solve a business problem, and only delivers value when it is solving that problem. 2017 brings the mainstream adoption of containers for production workloads. In his session at 21st Cloud Expo, Ben McCormack, VP of Operations at Evernote, discussed how data centers of the future will be managed, how the p...
"NetApp is known as a data management leader but we do a lot more than just data management on-prem with the data centers of our customers. We're also big in the hybrid cloud," explained Wes Talbert, Principal Architect at NetApp, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
It is of utmost importance for the future success of WebRTC to ensure that interoperability is operational between web browsers and any WebRTC-compliant client. To be guaranteed as operational and effective, interoperability must be tested extensively by establishing WebRTC data and media connections between different web browsers running on different devices and operating systems. In his session at WebRTC Summit at @ThingsExpo, Dr. Alex Gouaillard, CEO and Founder of CoSMo Software, presented ...
Enterprises are adopting Kubernetes to accelerate the development and the delivery of cloud-native applications. However, sharing a Kubernetes cluster between members of the same team can be challenging. And, sharing clusters across multiple teams is even harder. Kubernetes offers several constructs to help implement segmentation and isolation. However, these primitives can be complex to understand and apply. As a result, it’s becoming common for enterprises to end up with several clusters. Thi...
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
WebRTC is great technology to build your own communication tools. It will be even more exciting experience it with advanced devices, such as a 360 Camera, 360 microphone, and a depth sensor camera. In his session at @ThingsExpo, Masashi Ganeko, a manager at INFOCOM Corporation, introduced two experimental projects from his team and what they learned from them. "Shotoku Tamago" uses the robot audition software HARK to track speakers in 360 video of a remote party. "Virtual Teleport" uses a multip...
"We work around really protecting the confidentiality of information, and by doing so we've developed implementations of encryption through a patented process that is known as superencipherment," explained Richard Blech, CEO of Secure Channels Inc., in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
The question before companies today is not whether to become intelligent, it’s a question of how and how fast. The key is to adopt and deploy an intelligent application strategy while simultaneously preparing to scale that intelligence. In her session at 21st Cloud Expo, Sangeeta Chakraborty, Chief Customer Officer at Ayasdi, provided a tactical framework to become a truly intelligent enterprise, including how to identify the right applications for AI, how to build a Center of Excellence to oper...