China Energy Engineering (3996) Q3 2025 earnings summary

Executive summary

• Operating revenue for the first three quarters of 2025 reached RMB323.54 billion, up 9.62% year-over-year, with total profit at RMB8.51 billion, a marginal increase of 0.09%.

• Net profit attributable to shareholders was RMB3.16 billion, down 12.43% year-over-year, with a sharper 56.92% drop in the third quarter compared to the same period last year.

• Main business segments—energy, power, and water conservancy—showed strong growth, with operating revenue and total profit up 16.76% and 18.42% year-over-year, respectively.

• International business saw robust expansion, with overseas operating income and total profit up 21.21% and 21.29% year-over-year.

• Strategic emerging industries contributed 38.81% of operating income, up 16.75% year-over-year.

Financial highlights

• Operating revenue for Q3 2025 was RMB111.45 billion, up 10.48% year-over-year.

• Net profit after deducting non-recurring items was RMB2.63 billion for the first three quarters, down 7.76% year-over-year.

• Basic and diluted EPS for the first three quarters were RMB0.07, down 12.5% year-over-year.

• Total assets at quarter-end were RMB945.67 billion, up 8.82% from the end of last year.

• Owner's equity attributable to shareholders increased 2.32% to RMB118.70 billion.

Outlook and guidance

• The company continues to focus on energy, power, and water conservancy, with ongoing expansion in green and high-tech sectors.

• Emphasis on scientific and technological innovation, digital transformation, and international market expansion is expected to drive future growth.