Sichuan Road & Bridge Group (600039) investor relations material

Executive summary

• Revenue reached ¥46.85 billion, up 7.62% year-over-year; net profit attributable to shareholders was ¥3.09 billion, up 11.20% year-over-year.

• Operating cash flow was negative at -¥4.80 billion, mainly due to decreased cash inflow from operations.

• The company maintained a stable order book, securing 270 new projects worth ¥32.79 billion, with significant wins in both domestic and international markets.

• Major infrastructure projects advanced, with key milestones in highways, railways, and overseas bridge construction.

• The board approved an interim cash dividend of ¥0.036 per share, totaling ¥312.63 million, representing 10.12% of net profit.

Financial highlights

• Revenue increased 7.62% year-over-year to ¥46.85 billion; net profit attributable to shareholders rose 11.20% to ¥3.09 billion.

• Gross margin improved, and basic/diluted EPS reached ¥0.36, up 12.5% year-over-year.

• Net assets attributable to shareholders stood at ¥51.66 billion, down 2.19% from year-end; total assets were ¥262.0 billion.

• Operating cash flow was -¥4.80 billion, mainly due to reduced cash inflow from operations.

• Non-recurring gains totaled ¥7.42 million, with government subsidies and fair value changes as main contributors.

Outlook and guidance

• The company aims to strengthen project execution, cost control, and market expansion, especially overseas.

• Focus remains on digital transformation, green construction, and risk management.

• Management expects continued stable growth, leveraging a robust order backlog and diversified financing.