Power Construction Corporation of China (601669) Q3 2026 earnings summary

Executive summary

• Q3 and 9M 2026 financial statements were unaudited; revenue and attributable profit declined YoY in both periods.

• Management attributed profit declines to a deep adjustment in the construction industry and increased foreign-exchange volatility.

Financial highlights

• Q3 revenue was RMB 139,442,258,613.29, down 4.75% YoY; total profit was RMB 2,051,859,550.24, down 44.31%.

• Q3 net profit attributable to shareholders was RMB 833,004,461.64, down 59.23%; adjusted to exclude non-recurring items, it was RMB 978,766,543.20, down 42.69%.

• 9M revenue was RMB 429,121,136,762.76, down 2.30%; total profit was RMB 9,379,588,104.14, down 25.59%.

• 9M net profit attributable to shareholders was RMB 4,653,708,064.74, down 37.68%; consolidated net profit was RMB 6,382,024,034.68 versus RMB 10,105,391,876.96.

Key financial ratios and metrics

• 9M basic and diluted EPS were RMB 0.2474 each, down 39.48% YoY; Q3 basic and diluted EPS were RMB 0.0426 each, down 63.43%.

• 9M weighted-average ROE was 2.91%, down 2.06 percentage points YoY; Q3 ROE was 0.51%, down 0.89 percentage points.

• Total assets at September 30 were RMB 1,445,703,502,712.45, up 4.74% from year-end; attributable equity was RMB 165,115,667,930.02, down 1.42%.