Power Construction Corporation of China (601669) H2 2025 earnings summary

Executive summary

• Achieved revenue growth and stable operations despite complex external environment and industry challenges, with a focus on high-quality development and strategic transformation.

• Major projects in clean energy, water security, and green infrastructure were completed, supporting national strategies.

• International business expanded, with significant overseas project wins and increased profitability.

Financial highlights

• Operating revenue for 2025 reached ¥645.60 billion, up 1.85% year-over-year.

• Net profit attributable to shareholders was ¥10.01 billion, down 16.75% year-over-year.

• Operating cash flow increased 25.05% to ¥30.70 billion.

• Gross margin was 12.43%, down 0.76 percentage points year-over-year.

• Total assets grew 7.07% to ¥1.38 trillion; net assets attributable to shareholders rose 1.14% to ¥167.49 billion.

• Basic EPS was ¥0.5276, down 16.91% year-over-year.

Outlook and guidance

• 2026 new contract target set at ¥1.4 trillion, with revenue planned at ¥652.08 billion.

• Investment plan for 2026 is ¥71.27 billion, with a focus on strategic emerging industries.

• Company will continue to focus on clean energy, water resources, infrastructure, and digital transformation.