China State Construction Engineering (601668) Q1 2026 earnings summary

Executive summary

• Revenue for Q1 2026 was RMB 511.85 billion, down 7.8% year-over-year; net profit attributable to shareholders was RMB 13.88 billion, down 7.5% year-over-year.

• New contract value reached RMB 1.2613 trillion, a slight decrease of 0.7% year-over-year.

• The company maintained a stable development trend, focusing on high-quality growth, market structure optimization, and risk control.

Financial highlights

• Operating income: RMB 511.85 billion, down 7.8% year-over-year.

• Net profit attributable to shareholders: RMB 13.88 billion, down 7.5% year-over-year.

• Basic and diluted EPS: RMB 0.33, down 8.3% year-over-year.

• Total assets at quarter-end: RMB 3.61 trillion, up 1.5% from year-end 2025.

• Net cash flow from operating activities: -RMB 76.99 billion, improved from -RMB 95.87 billion in Q1 2025.

Outlook and guidance

• The company continues to focus on high-quality development, market expansion in key segments, and risk management.

• Emphasis on industrial, water conservancy, and international business growth, with ongoing innovation and urban renewal initiatives.