Changes in Hong Kong stocks | Hebei Construction (01727) rose more than 13% in the first half of the year, and the amount of new contracts signed in the housing construction business exceeded the same period last year

The Zhitong Finance App learned that Hebei Construction (01727) rose more than 13% in the intraday period. As of press release, it had risen 6.56% to HK$0.65.

According to the news, Hebei Construction previously announced interim results, with revenue of RMB 11.015 billion for the first half of the year; net profit to mother of RMB 127 million, an increase of 8.64% over the previous year. In the first half of 2024, the Group signed a new contract amount of 13.960 billion yuan; the amount of new contracts signed from the housing construction business was 7.815 billion yuan, compared to 7.675 billion yuan in the same period last year.

According to reports, the Group provides construction engineering contracting services for residential, utility, industrial and commercial construction projects. The Group undertakes most of these construction projects as the general contractor. As the general contractor, the Group is responsible for carrying out all major areas of construction projects, including building construction, foundation work, house facades, building decoration and fire protection engineering.