CH ENERGY ENG (3996.HK) Newly signed contracts and outstanding contract value keep growing stably in 1H2019 October 10, 2019 12

PSR Recommendation: BUY Status: Maintained
Target Price: HKDHKD1.02

Company Update
For the six months ended June 30, 2019, the company recorded revenue of RMB 110.045 billion,
representing an increase of 8.40% YoY, the increase in revenue was mainly due to the growth in business
volumes of both in construction and contracting segment and industrial manufacturing segment, etc. The
company achieved gross profit of RMB 13.707 billion, showing an increase of 9.18% YoY, the increase
in gross profit was mainly due to the increase in business scale and the increase in selling price of cement
business. The net profit attributable to shareholders was RMB 2.158 billion, a YoY increase of 5.90%.

About the author

Profile photo of Leon Duan

Leon Duan
Investment Analyst

Bachelor Degree in Shandong University of Science, and Master Degrees in Chinese University of Hong Kong Faculty of Science and City University of Hong Kong College of Business. Currently cover Pharmaceuticals and Environmental Protection sectors, good at combining analysis with industry prospects and company fundamentals.

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