China Communications Construction : 20201029-Announcement-2020 Third Quarterly Report

Hong Kong Exchanges and Clearing Limited and The Stock Exchange of Hong Kong Limited take no responsibility for the contents of this announcement, make no representation as to its accuracy or completeness and expressly disclaim any liability whatsoever for any loss howsoever arising from or in reliance upon the whole or any part of the contents of this announcement.

中國交通建設股份有限公司

CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED

(A joint stock limited company incorporated in the People's Republic of China with limited liability)

(Stock Code: 1800)

2020 THIRD QUARTERLY REPORT

This quarterly report was prepared by China Communications Construction Company Limited (the "Company" or "CCCC", and together with its subsidiaries, the "Group") pursuant to relevant requirements in relation to information disclosure of quarterly reports of listed companies issued by the China Securities Regulatory Commission (the "CSRC").

All financial information set out in this quarterly report is unaudited and prepared in accordance with Chinese Accounting Standards for Business Enterprises. In this quarterly report, the Reporting Period and the Period refer to the period from January to September 2020.

This announcement is made pursuant to the Inside Information Provisions (as defined under the Rules Governing the Listing of Securities on The Stock Exchange of Hong Kong Limited (the "Listing Rules")) under Part XIVA of the Securities and Futures Ordinance and Rule 13.09(2) of the Listing Rules. The contents of this quarterly report are consistent with the announcement published on the Shanghai Stock Exchange. This announcement is published simultaneously domestically and overseas.

1. IMPORTANT NOTICE

1.1 The board of directors (the "Board"), the supervisory committee, directors, supervisors and senior management of the Company warrant that there are no false representations or misleading statements contained in or material omissions from this report, and accept joint and several responsibilities for the truthfulness, accuracy and completeness of the contents herein.

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1. All directors of the Company attended the Board meeting and reviewed this quarterly report.
2. The Company's legal representative WANG Tongzhou, the person-in-charge of accounting ZHU Hongbiao and the head of accounting department (the person in charge of accounting) ZHANG Zhen warrant that they are responsible for the truthfulness, accuracy and completeness of the financial statements in the quarterly report.
3. The business outlook and business plan for the future of the Company in this report is management's prediction and plan based on the business judgement for the current period and macroeconomic policy and market condition for the current period, which does not constitute performance commitment by the Company.
4. Due to the adjustment of shareholding, the results of CCCC Tianhe Machinery and Equipment Manufacturing Co., Ltd. ("CCCC Tianhe") were consolidated into the consolidated financial statements of the Company in June 2020, and included under other businesses segment.
5. Any discrepancies between the amounts in this report and the amounts set out in the tables herein are due to rounding.
6. RMB refers to Renminbi, the lawful currency of the PRC.

2. BASIC INFORMATION OF THE COMPANY

2.1 Principal financial data

				Unit: RMB
		As at the end of last year	Changes at the end
				of the Reporting
				Period as compared
	As at the end of the			to the end of last
	Reporting Period	After adjustment	Before adjustment	year (%)
Total assets	1,278,155,823,031	1,123,413,668,001	1,120,399,492,938	13.77
Net assets attributable to equity
holders of the Company	230,566,100,253	229,915,860,057	230,153,087,610	0.28

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	From the beginning	From the beginning of last year to the end
	of the year to	of the last reporting period (from January	Changes as
	the end of the	to September)	compared to the
	Reporting Period			corresponding
	(from January to			period of last year
	September)	After adjustment	Before adjustment	(%)
Net cash flow from operating
activities	-38,501,208,131	-38,789,963,060	-38,224,844,264	0.74
	From the beginning	From the beginning of last year to the end
	of the year to	of the last reporting period (from January	Changes as
	the end of the	to September)	compared to the
	Reporting Period			corresponding
	(from January to			period of last year
	September)	After adjustment	Before adjustment	(%)
Operating income	409,735,527,204	375,455,581,318	374,688,576,050	9.13
Net profit attributable to equity
holders of the Company	10,071,759,790	13,385,131,996	13,340,895,483	-24.75
Net profit attributable to equity
holders of the Company after
extraordinary profit and loss	9,512,827,498	11,948,355,702	11,929,633,849	-20.38
Return on net assets (weighted				Decreased by 2.40
average) (%)	4.41	6.81	6.78	percentage points
Basic earnings per share (RMB per
share)	0.55	0.76	0.76	-27.63
Diluted earnings per share (RMB
per share)	0.55	0.76	0.76	-27.63

Notes:

1. From 28 May 2020 to 9 June 2020, the Company repurchased a total of 9,024,000 H shares, which have been deducted in calculating the basic earnings per share.
2. The amount of the interests for the perpetual medium-term notes totalling RMB497.925 million and the dividends for the preference shares totalling RMB717.50 million have been deducted in calculating the basic earnings per share as at the end of the Reporting Period.

Extraordinary profit and loss items and amounts

✓Applicable □Not applicable

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		Unit: RMB
		Amount from
		the beginning
		of the year
		to the end of
	Amount for	the Reporting
	the Period	Period
	(July to	(January to
Item	September)	September)
Profit or loss from disposal of non-current assets	30,347,111	78,615,134
Government grant recognized in current profit or loss,
except for those acquired in the ordinary business of
the Company or granted continuously in certain standard
quota according to the national policy	103,659,414	421,838,078
Gain from the excess of the fair value of the identifiable
net assets of investee companies on acquisition of the
investment over the cost of investment in the Company's
subsidiaries, associates and joint ventures	14,814,913	14,814,913
Profit or loss from the change in fair value generated from
financial assets held for trading, derivative financial
assets, financial liabilities held for trading, derivative
financial liabilities, and investment gains from disposal
of financial assets held for trading, derivative financial
assets, financial liabilities held for trading, derivative
financial liabilities, and other debt investments, other
than effective hedging activities associated with normal
business operations of the Company	87,793,359	177,028,106
Other non-operating income and expenses other than
above items	35,659,445	7,829,704
Other profit and loss items conforming to the definition
of extraordinary profit and loss	-292,977,927	120,270,557
Effect on minority interests (after tax)	23,532,925	-14,742,969
Income tax impact	-59,937,721	-246,721,231
Total	-57,108,481	558,932,292

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