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China State Construction Engineering
China State Construction Engineering (601668) investor relations material
China State Construction Engineering Q2 2026 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q2 2026 earnings summary28 Aug, 2026
Executive summary
Achieved revenue of RMB 975.8 billion, down 12.0% year-over-year; net profit attributable to shareholders was RMB 23.0 billion, down 24.3% year-over-year.
New contract value reached RMB 2.46 trillion, a 1.5% decrease year-over-year.
Operating cash flow improved, with net outflow of RMB 28.5 billion, a significant improvement from RMB 82.8 billion outflow in the prior year.
Maintained a leading position in global construction, ranked 17th in Fortune Global 500 and 4th in China 500.
Financial highlights
Revenue: RMB 975.8 billion, down 12.0% year-over-year.
Net profit attributable to shareholders: RMB 23.0 billion, down 24.3% year-over-year.
Basic and diluted EPS: RMB 0.55, down from RMB 0.73 year-over-year.
Gross margin: 10.3%, up 0.9 percentage points year-over-year.
Operating cash flow: net outflow of RMB 28.5 billion, improved from RMB 82.8 billion outflow.
Total assets: RMB 3.68 trillion; total liabilities: RMB 2.84 trillion; equity: RMB 841 billion.
Outlook and guidance
Management expects continued pressure on construction demand and real estate, but will focus on high-quality growth, cash flow, and risk control.
Will continue to optimize business structure, focus on core cities, and promote innovation and ESG initiatives.
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Latest events from China State Construction Engineering
- Revenue and profit fell, but industrial and international segments delivered growth.601668
Q1 2026 - Revenue and net profit declined, but cash flow and dividends remained strong amid market headwinds.601668H2 2025
- Revenue and profit fell YoY, but new contracts and overseas business saw strong growth.601668Q3 2024
- Revenue and profit declined year-over-year, but new contracts and cash flow improved.601668Q3 2025
- Net profit up 3.2% to ¥30.4B despite revenue dip, driven by infrastructure and risk controls.601668H1 2025
- Revenue and net profit grew modestly, with infrastructure and overseas contracts driving gains.601668H1 2024
- 2024 revenue fell 3.5% but new contracts rose 4.1%, with net profit at RMB 46.19 billion.601668H2 2024
- Q1 2025 saw steady revenue and profit growth, led by infrastructure and emerging industries.601668Q1 2025
China State Construction Engineering
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