No Data
Hong Kong stocks movement | CHINA STATE CON (03311) fell over 7% again, with full-year net profit growing 2% year-on-year, below expectations. The impact on fundamentals from placing shares to AMC is limited.
CHINA STATE CON (03311) plummeted 8% in the last trading session and dropped over 7% again in early trading today. As of the time of writing, it is down 6.85%, priced at 10.88 HKD, with a transaction volume of 0.104 billion HKD.
CITIC: Maintains CHINA STATE CON (03311) as outperforming the Industry rating, with a Target Price of HKD 13.5.
Looking ahead, the bank believes that as the commercial conditions for the company's Mic and BIPV projects gradually mature, emerging projects are expected to accelerate development and become new growth points for the company in the future.
CSC DEVELOPMENT (00830) renews a related transaction agreement worth 7 billion Hong Kong dollars.
Jinwu Financial News | CSC DEVELOPMENT Group has entered into a new subcontract agreement with CHINA STATE CON (03311), effective from July 1, 2025, to June 30, 2028, for a period of three years. According to the agreement, CHINA STATE CON will appoint CSC DEVELOPMENT Group as its subcontractor or service provider to provide construction engineering, project consulting, and management services, with an annual transaction limit of 7 billion HKD. As CHINA STATE CON indirectly holds 70.78% of the shares of CSC DEVELOPMENT, this constitutes a continuing connected transaction, requiring approval from independent Shareholders. The announcement indicates that the pricing under the new agreement will follow general principles.
Hong Kong stock fluctuation | CHINA STATE CON (03311) fell over 6% after the earnings report, with an annual net profit growth of 2.1%. The company completed a rights issue, netting 3 billion Hong Kong dollars.
CHINA STATE CON (03311) dropped over 6% after its performance report, as of the time of writing, down 6.75%, reported at 11.88 Hong Kong dollars, with a transaction amount of 51.1425 million Hong Kong dollars.
CHINA STATE CON (03311) will distribute a final dividend of HKD 0.285 per share on July 11.
CHINA STATE CON (03311) announced that the company will distribute the final dividend of... per share on July 11, 2025.
CHINA STATE CON (03311.HK) has exceeded 115.1 billion Hong Kong dollars in revenue for the fiscal year 2024, with the gross margin rising to 15.5%, and operational cash flow showing significant improvement.
Gelonghui, on March 21st, reported that CHINA STATE CON (03311.HK) announced its annual performance for the year ending December 31, 2024, with a revenue of 115.107 billion HKD, a year-on-year growth of 1.2%; the gross margin is 15.5%, up 1.1 percentage points year-on-year; the profit attributable to the company's Shareholders is 9.361 billion yuan, an increase of 2.1% year-on-year; the basic earnings per share is 1.86 HKD, with a proposed final dividend of 28.5 HKD cents per share. Hong Kong, Macau, and mainland China remain the core business and major contribution projects for the group during the year, accounting for 35.7%, 7.6%, and 52% of the group's revenue respectively.
