|By ACN Newswire||
|August 23, 2014 10:25 AM EDT||
Hong Kong, Aug 23, 2014 - (ACN Newswire) - China Aluminum International Engineering Corporation Limited (the "Company" or "Group"; stock code: 2068) is pleased to announce as follows the unaudited interim results for the six-month period ended 30 June 2014 ("reporting period").
In face of the tough market environment, the Group benefited from the exploration efforts of both international and domestic markets and achieved newly signed contracts with the value of RMB19.8 billion in the first half of the year, maintaining a good momentum of development. The contracts backlog of the Company as of 30 June 2014 amounted to RMB70.7 billion, representing an increase of 15% over the end of 2013. Revenue coverage ratio reached a 4 times growth which builds a solid foundation for future performance. The Group grew steadily in the first half of the year with a revenue of RMB8.85 billion, 25.5% up over that of the same period last year. Net profit amounted to RMB0.272 billion, remains basically unchanged compared with the same period last year.
Although the external market was tough, our team in the Headquarters and subsidiaries had unwavering faith in achieving the operation targets of the first half of the year. Efforts on market development were unabated. In the first half of the year, about 100 projects in medium and large scale were undertook involving heavy metal smelting, technological transformation, redevelopment of shanty areas, tourism and municipal construction and most of the projects secured a foothold from the preliminary works. The operation level had been improved.
When it comes to the overseas market, the Company capitalized on the changing market trend in the international arena and actively captured opportunities on project cooperation. In the first half of the year, the Company successfully entered into the EPC contract with Venalum Electrolysis Plant under CVG Group, Venezuela with a contract value of about US$500 million. The act was the second cooperation between China and Venezuela in the field of electrolytic aluminum. Chalieco has become one of the most popular Chinese enterprises in Venezuela.
Following the initial public offering (IPO) of H Shares in 2012 and the issuance of non-public debt financing instruments with principal amount of RMB2.5 billion in 2013, the Company successfully issued US$300 million senior guaranteed perpetual capital securities in the first half of the year, by which the Company's capital structure was greatly improved. The exercise has provided stable funding for the development of the Company. The good performed of the securities also gained recognition and recognized from the investors.
Mr. Zhang Chengzhong, chairman of Chalieco, stated, "We are dedicated and committed. In 2014, with strong support from all circles of the society, determination and the best efforts, Chalieco sets to complete the stated goals of the year by bolstering confidence, stringent implementation and appropriate measures to present an outstanding performance to the satisfaction of all shareholders and staff."
About China Aluminum International Engineering Corporation Limited
Chalieco was incorporated in the PRC on 30 June 2011, with Chinalco as its controlling shareholder. It was listed on the main board of the Stock Exchange on 6 July 2012.Chalieco is a leading technology, engineering service and equipment provider in the nonferrous metals industry in China, capable of providing full business-chain integrated engineering solutions throughout various stages of the nonferrous metals industry chain. The businesses of the Company include engineering design and consultancy, engineering and construction contracting and equipment manufacturing. Chalieco regards technological innovation as its core competency, and has developed a series of proprietary technologies relating to mining, ore-dressing, smelting and metal material processing. Chalieco has been successively listed on "Top 500 Enterprises of China in 2014", ranking No. 267.
Copyright 2014 ACN Newswire. All rights reserved.
As Marc Andreessen says software is eating the world. Everything is rapidly moving toward being software-defined – from our phones and cars through our washing machines to the datacenter. However, there are larger challenges when implementing software defined on a larger scale - when building software defined infrastructure. In his session at 16th Cloud Expo, Boyan Ivanov, CEO of StorPool, provided some practical insights on what, how and why when implementing "software-defined" in the datacent...
Aug. 3, 2015 03:45 PM EDT
Mobile, social, Big Data, and cloud have fundamentally changed the way we live. “Anytime, anywhere” access to data and information is no longer a luxury; it’s a requirement, in both our personal and professional lives. For IT organizations, this means pressure has never been greater to deliver meaningful services to the business and customers.
Aug. 3, 2015 03:30 PM EDT Reads: 231
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 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 session at 17th Cloud Expo, Randy De Meno, Chief Technologist - Windows Products and Microsoft Partnerships at Com...
Aug. 3, 2015 03:30 PM EDT
Learn how you can use the CoSN SEND II Decision Tree for Education Technology to make sure that your K–12 technology initiatives create a more engaging learning experience that empowers students, teachers, and administrators alike.
Aug. 3, 2015 03:30 PM EDT
SYS-CON Events announced today that VividCortex, the monitoring solution for the modern data system, will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. The database is the heart of most applications, but it’s also the part that’s hardest to scale, monitor, and optimize even as it’s growing 50% year over year. VividCortex is the first unified suite of database monitoring tools specifically desi...
Aug. 3, 2015 03:15 PM EDT
The Software Defined Data Center (SDDC), which enables organizations to seamlessly run in a hybrid cloud model (public + private cloud), is here to stay. IDC estimates that the software-defined networking market will be valued at $3.7 billion by 2016. Security is a key component and benefit of the SDDC, and offers an opportunity to build security 'from the ground up' and weave it into the environment from day one. In his session at 16th Cloud Expo, Reuven Harrison, CTO and Co-Founder of Tufin,...
Aug. 3, 2015 03:00 PM EDT Reads: 558
In their session at 17th Cloud Expo, Hal Schwartz, CEO of Secure Infrastructure & Services (SIAS), and Chuck Paolillo, CTO of Secure Infrastructure & Services (SIAS), provide a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. In his role as CEO of Secure Infrastructure & Services (SIAS), Hal Schwartz provides leadership and direction for the company.
Aug. 3, 2015 12:30 PM EDT Reads: 202
Container technology is sending shock waves through the world of cloud computing. Heralded as the 'next big thing,' containers provide software owners a consistent way to package their software and dependencies while infrastructure operators benefit from a standard way to deploy and run them. Containers present new challenges for tracking usage due to their dynamic nature. They can also be deployed to bare metal, virtual machines and various cloud platforms. How do software owners track the usag...
Aug. 3, 2015 12:15 PM EDT Reads: 269
In a recent research, analyst firm IDC found that the average cost of a critical application failure is $500,000 to $1 million per hour and the average total cost of unplanned application downtime is $1.25 billion to $2.5 billion per year for Fortune 1000 companies. In addition to the findings on the cost of the downtime, the research also highlighted best practices for development, testing, application support, infrastructure, and operations teams.
Aug. 3, 2015 11:45 AM EDT Reads: 204
SYS-CON Events announced today that MobiDev, a software development company, will exhibit at the 17th International Cloud Expo®, which will take place November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. MobiDev is a software development company with representative offices in Atlanta (US), Sheffield (UK) and Würzburg (Germany); and development centers in Ukraine. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobi...
Aug. 3, 2015 09:45 AM EDT Reads: 363
There are many considerations when moving applications from on-premise to cloud. It is critical to understand the benefits and also challenges of this migration. A successful migration will result in lower Total Cost of Ownership, yet offer the same or higher level of robustness. In his session at 15th Cloud Expo, Michael Meiner, an Engineering Director at Oracle, Corporation, analyzed a range of cloud offerings (IaaS, PaaS, SaaS) and discussed the benefits/challenges of migrating to each offe...
Aug. 3, 2015 07:30 AM EDT Reads: 186
"We've just seen a huge influx of new partners coming into our ecosystem, and partners building unique offerings on top of our API set," explained Seth Bostock, Chief Executive Officer at IndependenceIT, in this SYS-CON.tv interview at 16th Cloud Expo, held June 9-11, 2015, at the Javits Center in New York City.
Aug. 2, 2015 10:00 PM EDT Reads: 684
Digital Transformation is the ultimate goal of cloud computing and related initiatives. The phrase is certainly not a precise one, and as subject to hand-waving and distortion as any high-falutin' terminology in the world of information technology. Yet it is an excellent choice of words to describe what enterprise IT—and by extension, organizations in general—should be working to achieve. Digital Transformation means: handling all the data types being found and created in the organizat...
Aug. 2, 2015 06:00 PM EDT Reads: 1,137
SYS-CON Events announced today that HPM Networks will exhibit at the 17th International Cloud Expo®, which will take place on November 3–5, 2015, at the Santa Clara Convention Center in Santa Clara, CA. For 20 years, HPM Networks has been integrating technology solutions that solve complex business challenges. HPM Networks has designed solutions for both SMB and enterprise customers throughout the San Francisco Bay Area.
Aug. 2, 2015 05:45 PM EDT Reads: 516
Chuck Piluso presented a study of cloud adoption trends and the power and flexibility of IBM Power and Pureflex cloud solutions. Prior to Secure Infrastructure and Services, Mr. Piluso founded North American Telecommunication Corporation, a facilities-based Competitive Local Exchange Carrier licensed by the Public Service Commission in 10 states, serving as the company's chairman and president from 1997 to 2000. Between 1990 and 1997, Mr. Piluso served as chairman & founder of International Te...
Aug. 2, 2015 04:00 PM EDT Reads: 432