Expects an Increase
over 40% in
Net Profit for
CHINA - Media OutReach - 2 August 2018 - Jujiang Construction
Group Co., Ltd.
("Jujiang Construction", together with its subsidiaries, the "Group";
stock code: 1459) is
pleased to announce a
positive profit alert. The
net profit of the Group for the six months ended 30 June 2018 (the "Period") is
expected to increase by at least 40% compared to that for the corresponding
period of last year.
The increase in the net profit of the Group was mainly
attributable to the significant increase in revenue for the Period as a result
of increase in backlog value on hands as at 31 December 2017 and the new
backlog value from the new contracts signed by the Group for the Period. During
the Period, the Group entered into new contracts of aggregated backlog value of
approximately RMB4.0 billion, representing an increase of over 100% as compared
to that for the corresponding period of last year.
Mr. Lv Yaoneng, Chairman of
Jujiang Construction, said, "Looking ahead, as the
Chinese government continues to push forward with its 'One
Belt, One Road' initiative, along with ongoing urbanization, the
construction industry, as a traditional industry, will continue to hold
tremendous potential for development and a promising future. For the first half year of 2018, we has achieved remarkable results by
making full use of the Company's own brand superiority and actively expanding
new business areas. Looking forward, we will tone up business expansion and
enhance market competitiveness, so as to maximize the return for investors and
Construction Group Co., Ltd.
Jujiang Construction was
established in 1965 as one of the earliest construction companies in Jiaxing, Zhejiang Province. With more than 50 years' experience in the construction
industry, the Group has built a successful track record in the industry in
which the Group operates. The Group provides fully-integrated construction
solutions, which consist of construction contracting and design, survey and
consultancy services for building construction projects of all types and scales
nationwide. With the Company's development strategy of "major customers", the
Company has not only enhanced good relationship with local customers, but also
expanded its engagement with China's top ten real estate companies, such as
Country Garden, Vanke, Sunac etc..