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May 28, 2015 6:49 PM ET

Construction and Engineering

Company Overview of China Machinery Engineering Corporation

Company Overview

China Machinery Engineering Corporation, together with its subsidiaries, engages in the construction contracting and trading businesses in the People’s Republic of China and internationally. It operates through three segments: Construction Contracts, Trading Business, and Other Businesses. The Construction Contracts segment undertakes engineering, procurement, and construction contracts for various infrastructure-related construction projects, including hydropower, thermal power, and engineering contracting projects, as well as transportation, telecommunication, water supply and treatment, building and construction, manufacturing and processing plant, and mining and resources exploitation pr...

CMEC Mansion

No. 178, Guanganmenwai Street

Xicheng District

Beijing,  100055

China

Founded in 1978

2,892 Employees

Phone:

86 10 6345 1188

Fax:

86 10 6326 1865

Key Executives for China Machinery Engineering Corporation

President, Executive Director, Chairman of Operation & Risk Management Committee and Member of Strategy & Development Committee
Age: 46
Total Annual Compensation: $1.6M
Chairman, Chairman of Nomination Committee and Chairman of Strategy & Development Committee
Age: 56
Total Annual Compensation: $1.6M
Compensation as of Fiscal Year 2014.

China Machinery Engineering Corporation Key Developments

China Machinery Engineering Corporation Announces Audited Consolidated Earnings Results for the Year Ended December 31, 2014

China Machinery Engineering Corporation announced audited consolidated earnings results for the year ended December 31, 2014. For the year, the company reported revenue of RMB 23,007,745,000 against RMB 21,426,272,000 a year ago. Profit from operations was RMB 2,071,002,000 against RMB 2,328,152,000 a year ago. Profit before taxation was RMB 2,738,144,000 against RMB 2,664,105,000 a year ago. Profit for the year was RMB 2,096,235,000 against RMB 1,960,241,000 a year ago. Profit attributable to shareholders of the company was RMB 2,096,918,000 against RMB 1,959,257,000 a year ago. Basic and diluted earnings per share were RMB 0.51 against RMB 0.47 per share a year ago. The Group's capital expenditure consisted primarily of the purchase of property, plant and equipment, investment properties and lease prepayments. The Group's capital expenditure increased by 262.5% to RMB 251.6 million in 2014 as compared to RMB 69.4 million in 2013, mainly due to the progress of implementation of infrastructure projects as fixed assets.

China Machinery Engineering Corporation Recommends Distribution of Final Dividend for the Year Ended December 31, 2014

The Board of China Machinery Engineering Corporation recommended to distribute a final dividend of RMB 0.2033 (pre-tax) per share for 4,125,700,000 shares for 2014 compared to RMB 0.19 (pre-tax) per Share for 4,125,700,000 Shares) in 2013, representing a total amount of RMB 838,754,810 (pre-tax) compared to total amount of RMB 783,883,000 (pre-tax) in 2013. The proposed final dividend for the year is subject to the approval of the company's shareholders at the forthcoming annual general meeting.

China Machinery Engineering Corporation to Report Fiscal Year 2014 Results on Mar 29, 2015

China Machinery Engineering Corporation announced that they will report fiscal year 2014 results on Mar 29, 2015

Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
February 3, 2015
75% Osmangazi Elektrik Dagitim A.S. and 75% Osmangazi Elektrik Perakende Satis Anonim Sirketi
 

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