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    3996   CNE1000023C8

CHINA ENERGY ENGINEERING CORPORATION LIMITED

(3996)
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China Energy Engineering Corporation Limited Announces Management Changes

08/27/2021 | 06:50am EDT

The board of directors (the "Board") of China Energy Engineering Corporation Limited announced that, the Board has received a resignation letter on 27 August 2021 from Mr. Duan Qiurong ("Mr. Duan"), the secretary to the Board, authorized representative and joint company secretary of the Company. Mr. Duan has resigned from the positions of the secretary to the Board, authorized representative and joint company secretary of the Company as he has reached the statutory age of retirement, and will no longer hold any position in the Company after resignation. Pursuant to the Company Law of the People's Republic of China and the Articles of Association of China Energy Engineering Corporation Limited, the resignation of Mr. Duan shall take effect upon the delivery of the resignation letter to the Board. Mr. Duan has confirmed that he has no disagreement with the Board and there are no other matters relating to his resignation that need to be brought to the attention of the shareholders and creditors of the Company. The Board further announces that, at the fifth meeting of the third session of the Board held on 27 August 2021, the Board agreed the appointment of Mr. Qin Tianming ("Mr. Qin") as the secretary to the Board, authorized representative and joint company secretary of the Company, with effect from 27 August 2021. Mr. Qin Tianming been the director of the human resources department and officer of external affairs office of China Gezhouba Group Company Limited as well as the officer of the human resources department and officer of external affairs office of China Gezhouba Group Stock Company Limited also worked as the head of the human resources group of the preparatory group and officer of the human resources department of China Energy Engineering Group Co. Ltd., the director of China Energy Engineering Group Equipment Co. Ltd., and the head of human resources department and the deputy chief economist of the Company.


ę S&P Capital IQ 2021
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Financials
Sales 2021 340 B 52 842 M 52 842 M
Net income 2021 7 123 M 1 107 M 1 107 M
Net Debt 2021 - - -
P/E ratio 2021 4,61x
Yield 2021 3,88%
Capitalization 38 633 M 6 003 M 6 004 M
Capi. / Sales 2021 0,11x
Capi. / Sales 2022 0,09x
Nbr of Employees 113 924
Free-Float 43,0%
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Mean consensus BUY
Number of Analysts 2
Last Close Price 0,93 CNY
Average target price 2,64 CNY
Spread / Average Target 184%
EPS Revisions
Managers and Directors
Hong Shui Sun Vice Chairman & General Manager
Hai Liang Song Chairman
Jian Sheng He Chairman-Supervisory Board
Li Xin Zhao Independent Non-Executive Director
Nian Gao Cheng Independent Non-Executive Director