Continental Holdings Corp. (CHC, TWSE stock symbol 3703) today reported its 2021 operating results and 2022 business plan. In 2021 CHC had consolidated revenue of NT$26.84 billion \u2013 all three subsidiaries saw their revenue and profit increase from the previous year. The 2021 consolidated net profit was NT$1.83 billion and earnings per share NT$2.22. Cash dividends of NT$1.68 per share will be distributed, with a dividend payout rate of 76%. The total amount of cash dividend distribution is the highest since CHC\u2019s founding.<\/p>\n
Ms. Cindy Chang, CHC CEO said: \u201cThroughout 2021, CHC encountered supply chain and market challenges. Yet thanks to the efforts of all colleagues and the support from our customers and business partners, CEC, CDC and HDEC all saw revenue and profit increase from the previous year. Our consolidated revenue increased by 23.8%, operating profit 30.7% and net profit as well as EPS 18.7%.\u201d<\/p>\n
According to CHC\u2019s financial report of Q1 2022, its Q1 consolidated revenue was NT$10.02 billion, net profit NT$1.24 billion and EPS NT$1.5, new quarterly highs for both revenue and earnings.<\/p>\n
CEC: Backlog reaches new record high; different building types targeted CEC\u2019s Civil Construction business, will continue to focus on government initiated mass transit infrastructure projects focusing on railways and MRT projects. In addition, future growth is planned in both harbor construction and energy sectors which aligns with Phase Two of the Government\u2019s \u201cForward Looking Infrastructure Development Program\u201d to sustain growth momentum across several markets. CEC\u2019s Building Business will continue to target different sectors including, public housing and commercial\/mixed use developments and private residential development. In addition, CEC remains committed to developing intelligent technology applications to improve quality and efficiency while reducing risks and the reliance on human resource.<\/p>\n CDC: Evaluate new markets and increase product diversity In 2022, CDC\u2019s primary focus will be the pre-sales of \u201cSensuous Garden (\u942b\u8403),\u201d \u201cBelle \u00c9poque (\u8c50\u8494),\u201d \u201cPrologue Eternal (\u8011\u5e8f)\u201d and other projects, while continuing to close the sale of constructed properties, including \u201cTreasure Garden (\u5b9d\u683c),\u201d \u201c55Timeless (\u7422\u767d),\u201d \u201cLa Bella Vita (\u4e3d\u683c)\u201d and “Serif\u5c1a\u82ae\u516c\u5bd3”. As for hotel operation, \u201cThe LINE SF,\u201d the hotel part of \u201cSerif\u5c1a\u82ae\u516c\u5bd3\u201d, is expected to start operation in September of this year; the Kuala Lumpur serviced apartment \u201cCapri by Fraser\u201d has already opened in January; and \u201cHumble Boutique Hotel (\u5bd2\u5c45\u9152\u5e97)\u201d on the 1st to 9th floors of Bountiful Journey (\u7422\u8c50) has also begun operation in May. Rental services of all these properties are expected to bring stable income.<\/p>\n HDEC: A focus on wastewater treatment, business diversification As for the Tongluo and Anping projects \u2013 contracts that were awarded in 2020 \u2013 they will reach the peak of construction in 2022. The Chungli \/ Puding Area Sewerage System BOT Project will commence work in 2022 and contribute to HDEC\u2019s 2022 revenue.<\/p>\n In 2022, HDEC will continue to build and operate various water treatment projects and carefully assess opportunities in the areas of biomass and solid waste.<\/p>\n","protected":false},"excerpt":{"rendered":" Continental Holdings Corp. (CHC, TWSE stock symbol 3703) today reported its 2021 operating results and 2022 business plan. In 2021 CHC had consolidated revenue of NT$26.84 billion \u2013 all three subsidiaries saw their revenue and profit increase from the previous year. The 2021 consolidated net profit was NT$1.83 billion and earnings per share NT$2.22. Cash … Continued<\/a><\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":[],"categories":[78],"tags":[],"_links":{"self":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6109"}],"collection":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/comments?post=6109"}],"version-history":[{"count":1,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6109\/revisions"}],"predecessor-version":[{"id":6110,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/posts\/6109\/revisions\/6110"}],"wp:attachment":[{"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/media?parent=6109"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/categories?post=6109"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.continental-holdings.com\/en\/wp-json\/wp\/v2\/tags?post=6109"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}
\n<\/strong>CEC in 2021 won the CF680C\/North Depot Contract for Taipei MRT Circular Line and a number of private building construction projects. With these, its backlog value has reached a record NT$74 billion, laying a solid foundation for the next few years\u2019 revenue targets. Major projects currently under construction include Taoyuan MRT Green Line, Taipei MRT Wanda Line and Tainan Urban District Railway Underground Project. In the future, CEC will continue to strive to obtain projects associated with rail and construction of high-quality residential\/commercial building, while prudently assessing new business areas.<\/p>\n
\n<\/strong>As of Q4 2021, CDC\u2019s cumulative revenue had reached NT$18.6 billion. “Bountiful Journey (\u7422\u8c50)” and “Serif\u5c1a\u82ae\u516c\u5bd3\u201d (Complex project in San Francisco, US), whose construction completed in 2021, have begun being handed-over. Pre-sales of \u201cJuan-Li (\u942b\u8c4a),\u201d \u201cTimeless and Modern Expression (\u942b\u6708)\u201d and \u201cArranging New Asia Bay (\u548c\u9678\u5bd3\u90b8)\u201d were successfully completed in 2021. New projects launched in 2021 such as \u201cSensuous Garden (\u942b\u8403),\u201d \u201cBelle \u00c9poque (\u8c50\u8494)\u201d and \u201cPrologue Eternal (\u8011\u5e8f)\u201d have also been well-responded by the market, gathering good momentum for future profits.<\/p>\n
\n<\/strong>As of Q4 2021, HDEC\u2019s total contract value stood at NT$38.1 billion. Thanks to the contributions of Kaohsiung Linhai BTO Project, Tainan Anping project, Maoli Tongluo project, New Taipei City Tamsui BOT Project and Kaohsiung Fengshan River BTO Project, HDEC\u2019s revenue and profit both hit record highs. Construction of Kaohsiung Linhai BTO Project has been completed with operation kicked off at the end of 2021.<\/p>\n