China National Chemical Engineering (601117) H2 2025 earnings summary

Executive summary

• Achieved revenue of ¥189.5 billion, up 1.97% year-over-year; net profit attributable to shareholders reached ¥6.44 billion, up 13.15%.

• Total assets grew to ¥247.35 billion, a 5.97% increase from the previous year.

• New contract value reached ¥403.7 billion, up 10.01% year-over-year, with overseas contracts accounting for 30.85%.

• Proposed total cash dividend of ¥2.11 per 10 shares, with a payout ratio of 20.02%.

Financial highlights

• Operating income: ¥189.5 billion, up 1.97% year-over-year.

• Net profit attributable to shareholders: ¥6.44 billion, up 13.15% year-over-year.

• Operating cash flow: ¥1.44 billion, down 83.45% year-over-year due to reduced net inflow from financial company activities.

• Basic and diluted EPS: ¥1.06, up 13.98% year-over-year.

• Gross margin: 10.99%, up 0.56 percentage points year-over-year.

Outlook and guidance

• 2026 targets: new contracts of ¥410 billion, revenue of ¥195 billion, and total profit of ¥8.5 billion.

• Focus on high-end chemical engineering, new materials, and digital transformation.

• Continued expansion in international markets and new energy sectors.