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China State Construction Engineering (601668) investor relations material
China State Construction Engineering Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary30 Oct, 2025
Executive summary
Revenue for the first nine months was RMB 1,558.2 billion, down 4.2% year-over-year; net profit attributable to shareholders was RMB 38.18 billion, down 3.8% year-over-year.
New contract value reached RMB 3.29 trillion, up 1.4% year-over-year, with notable growth in industrial and infrastructure segments.
The company maintained a stable development trend, focusing on high-quality growth, market expansion, and operational efficiency.
Financial highlights
Operating income for Q3 was RMB 449.9 billion, down 6.6% compared to the same quarter last year.
Net profit for Q3 was RMB 9.07 billion, down 24.1% year-over-year; basic EPS for Q3 was RMB 0.19, down 24%.
Gross margin remained stable year-over-year despite revenue decline.
Cash flow from operating activities improved to -RMB 69.48 billion for the first nine months, compared to -RMB 77.01 billion last year.
Outlook and guidance
The company continues to focus on high-quality development, market segmentation, and strategic transformation, with an emphasis on new business areas and digital innovation.
Management expects continued challenges from the real estate market and slower infrastructure investment growth.
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Next China State Construction Engineering earnings date
H2 202530 Apr, 2026
Next China State Construction Engineering earnings date
H2 202530 Apr, 2026
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Frequently asked questions
China State Construction Engineering Corporation Limited (CSCEC) is a China-based company engaged in construction, engineering, and real estate development. The company specializes in large-scale infrastructure projects, including residential and commercial buildings, highways, railways, airports, and industrial facilities. CSCEC also offers design, surveying, and project management services. The company is headquartered in Beijing, China, and its shares are listed on the Shanghai Stock Exchange.
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