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| Friday, 13 March 2015, 15:12 HKT/SGT | |
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HONG KONG, Mar 13, 2015 - (ACN Newswire) - China Aluminum International Engineering Corporation Limited (the "China Aluminum International" or "Company"; stock code: 2068) is pleased to announce the consolidated results of the Company and its subsidiaries (the "Group") for the year ended 31 December 2014.
FINANCIAL HIGHLIGHTS
- Revenue for the year ended 31 December 2014 amounted to RMB25.344 billion, recorded growth of 39.7% over last year
- Earnings per share amounted to RMB0.27 for the year ended 31 December 2014, representing an increase of 50% over last year in exclusion of non-recurring items
- Dividend plan: the payment of the final dividend is RMB1.0 per ten ordinary shares (tax inclusive) with dividend payout ratio of 37%, recorded growth of 17 percentage points over last year
- Total contracts amounted to RMB71.5 billion for the year ended 31 December 2014, representing an increase of 16.3% over last year
In 2014, in face of serious challenges of the slowing down in domestic economic growth and recessive nonferrous metal industry, the Company persisted in reforming and marketization, continuously innovated business model and expanded its business, thereby achieving an excellent result in production and operation. The Company fully utilized financial advantages, management experience, and credit of state-owned enterprise and brand advantages to proactively explore new fields in business and innovate new models for project operation. Throughout the year, the Company has signed new agreements with a value of RMB45.3 billion, representing an increase of 15.3% over the last year. As of 31 December 2014, the Company's total contracts amounted to RMB71.5 billion, representing an increase of 16.3% over last year.
The company recorded revenue of RMB25, 343.8 million in 2014, representing an increase of 39.7% from RMB18, 144.8 million in 2013. The net profit attributable to the parent company amounted to RMB724.5 million, representing an increase of 51% over last year in exclusion of non-recurring items. In 2014, the board of the Company proposed dividend of RMB1.0 for every ten shares (tax inclusive) in cash, in aggregated amount of RMB266.316 million, based on the issued 2,663.16 million ordinary shares as of 31 December 2014. The dividend payout ratio amounted to 37%, representing an increase of 17 percentage points over the past year.
Looking to the future, Mr. HE Zhihui, the President of Chalieco, said that, the Company will treat technology innovation as the starting point and actively explore non-ferrous metal reserves market. The Company will be actively engaged in civil business and carry out PPP project together with the government. Through the implementation of such projects, the Company's structural adjustment will be enhanced and strategic transformation will be upgraded. In terms of the international market, the Company will actively capture opportunities on project cooperation brought by "One Belt and One Road", the new strategic policy of the State and continue to explore the international market and focus on the negotiation and endorsement of significant projects. The Company will stick to keep a close eye on the markets in Brazil, Russia, Turkey and Indonesia as well. Beyond that, the Company will actively develop the African markets, especially continuous follow-up of infrastructure projects and mining projects to strive for implementation of substantial projects. The Company will continue to be market-oriented, strengthen the direct investment in technology research and development, and promote the application and transformation of scientific research.
Topic: Press release summary
Sectors: Metals & Mining, Daily Finance, Daily News
https://www.acnnewswire.com
From the Asia Corporate News Network
Copyright © 2024 ACN Newswire. All rights reserved. A division of Asia Corporate News Network.
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