At a recent press conference, CTCI unveiled a record high of NT$347.1 billion in ongoing construction projects, with new contracts for the year already amounting to NT$42.2 billion. Highlighting a robust pipeline, the company forecasts potential business opportunities worth 58.8 billion yuan over the next year, with significant prospects in Taiwan due to surging demand in the electricity sector.
Despite the positive outlook, CTCI’s first-quarter results revealed a gross profit margin of 5.24%, slightly below last year by 0.18 percentage points, missing market expectations. This has put the company’s profitability metrics under scrutiny. Chairman Michael Yang explained that as a turnkey project operator, costs are typically deferred, affecting short-term gross margins but emphasized ongoing efforts to enhance risk management and control.
The company’s contract portfolio is diverse, focusing 45% on energy resource recycling, 30% on oil refining and petrochemicals, and 13% on high-tech industries. CTCI also proudly announced the signing of Taiwan’s first carbon storage test site facility turnkey contract and the acquisition of a sustainable recycling center project in Chiayi City.
Looking ahead, CTCI is set to capitalize on domestic large-scale projects driven by public policies and infrastructure plans, including power plants and rapid transit systems. Internationally, the company aims to engage in high-value projects and support the global expansion of Taiwanese high-tech sectors.
Amidst discussions on profitability, CTCI also announced plans to issue a second unsecured corporate bond of up to NT$6 billion to support long-term investments and ensure sustainable growth, highlighting its strategic approach to financing and project management.
