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China Railway Construction wins RMB 13.23 bln contracts

Nov. 13, 2012 (China Knowledge) - China Railway Construction Corp Ltd or CRCC<601186><1186>, a leading state-owned construction company in the country, has announced it recently signed two contracts worth RMB 13.23 billion.

The contract value is equivalent to 2.89% of the company's operating revenue in 2011.

In a statement filed with Shanghai Stock Exchange, the construction company said it wins a subway construction project project in Shijiazhuang, Hebei Province.

Meanwhile, the company inked a traffic auxiliary project in Qingdao, Shandong Province, with contact value of RMB 10.03 billion.

In the first nine months of this year, China Railway Construction Corp inked RMB 181.8 billion worth of new contracts, up 88.3% YoY, while its net profit for the first nine-month period grow 2.06% YoY to RMB 5.09 billion.

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