Sichuan Road & Bridge Group (600039) Q3 2025 earnings summary

Executive summary

• Achieved revenue of ¥73.28 billion for the first nine months of 2025, up 1.95% year-over-year.

• Net profit attributable to shareholders reached ¥5.30 billion, up 11.04% year-over-year.

• Order intake was robust, with 380 new projects totaling ¥97.2 billion, up 25.16% year-over-year.

• Major project wins in both domestic and overseas markets, including significant infrastructure and housing projects.

Financial highlights

• Q3 revenue: ¥29.75 billion, up 14% compared to the same quarter last year.

• Q3 net profit attributable to shareholders: ¥2.52 billion, up 59.72% year-over-year.

• Basic and diluted EPS for Q3: ¥0.29, up 61.11% year-over-year; nine-month EPS: ¥0.61, up 10.91%.

• Total assets at period end: ¥254.94 billion, up 6.33% from the previous year-end.

• Net cash flow from operating activities for nine months: -¥236 million, a significant improvement from -¥5.61 billion last year.

Outlook and guidance

• Continued focus on stable growth, project execution, and market expansion.

• Several major highway and railway projects are expected to be completed and operational within the year.

• Overseas market expansion remains a strategic priority, with new contracts signed in Kuwait and Tanzania.