China Railway Construction: No Land king risk controllable

China CRCC (601186) today released the 2009 Annual Report Supplementary Bulletin, supplemented by the company's 2010 real Estate industry trends analysis.　　China CRCC said that in recent years the company acquired projects, land prices are relatively reasonable, risk controllable, not one is "King" project, so the impact of policy and market relatively small.　　The announcement also shows that the company adhere to the "do not pursue profiteering, do not hoard, do not cover the plate" and other principles, the current project progress smoothly, according to the agreed time to start construction and opening sales, adhere to reasonable pricing. China CRCC that from the end of 2009 to the beginning of 2010, for some cities and regions of the real estate market imbalance in supply and demand, house prices too fast rise, the king frequency out of the issue, the state has issued a series of real estate market, the macro-control policy, its role has emerged. Some of the city's turnover has fallen, and the deal price has loosened. The price of the area that rises too fast has the possibility of callback, the development enthusiasm of the real estate enterprise and the investment intensity adjust with rationality.　　China's iron construction forecast, the real estate market will face more complex market and policy environment, do not rule out the overall stability in the case of periodic and local fluctuations. In a supplementary announcement of the 2009 annual report released today, China Railway construction added details on the preparation of other receivables. 2004, 2005 China Railway construction should receive Chongqing Macro sound Vision Company amounted to 8 million yuan, the company due to cash flow difficulties have not been paid. In 2007, the company has fully extracted the receivable from the loan. 2009, the macro-sound vision company in the form of housing transfer satisfaction of this part of the debt, in accordance with the recoverable amount of the current period to return to the bad debts of 8 million yuan. In addition, China CRCC 2007, 2008 to Xian Starfish Company's original value of 113 million yuan of other receivables assets of the value of the proposed impairment of 56 million yuan, in the first half of 2009 to reduce the value of 34 million yuan.　　Since the Chinese CRCC the claim to the court, until the end of the report the Court has sentenced the other party to transfer some of the property to repay, so 2009, in accordance with the recoverable amount of money washed back to 82 million yuan. China's CRCC also announced May 24 that the board of Directors agreed to invest 200 million yuan in a subsidiary of China Railway Investment Co., Ltd. as the acquisition capital of a Canadian primary mining company, Corrienteresourcesinc.