Power Construction Corporation of China (601669) Q2 2026 earnings summary

Executive summary

• Revenue for H1 2026 was RMB 289.68 billion, down 1.07% year-over-year; net profit attributable to shareholders was RMB 3.82 billion, down 29.56% year-over-year.

• New contract signings totaled RMB 619.89 billion, down 9.73% year-over-year; international contracts grew 39.29% to RMB 197.32 billion.

• Core business segments include engineering contracting, power investment and operation, equipment manufacturing, and digital services, with a strong focus on clean energy and infrastructure.

Financial highlights

• Operating income: RMB 289.68 billion (down 1.07% YoY); total profit: RMB 7.33 billion (down 17.86% YoY).

• Net profit attributable to shareholders: RMB 3.82 billion (down 29.56% YoY); basic EPS: RMB 0.2048 (down 29.93% YoY).

• Operating cash flow: -RMB 46.02 billion (improved from -RMB 51.20 billion YoY).

• Total assets: RMB 1.43 trillion (up 3.34% from year-end 2025); net assets attributable to shareholders: RMB 165.97 billion (down 0.91%).

Outlook and guidance

• The company will continue to focus on cash flow management, risk control, and high-quality growth in core markets.

• Strategic focus remains on clean energy, digital transformation, and international expansion.