China Railway Construction released its 2026 interim report. First-half operating revenue was 428.44 billion yuan, down 12.4 percent year on year. Net profit attributable to the parent was 8.69 billion yuan, down 18.8 percent. Net profit attributable to the parent excluding non-recurring items was 8.08 billion yuan, down 18.3 percent. Net operating cash flow was negative 78.856 billion yuan, up 0.8 percent year on year. Second-quarter operating revenue was 196.86 billion yuan, down 15.3 percent, and net profit attributable to the parent was 4.3 billion yuan, down 22.6 percent. During the reporting period, total new contracts amounted to 878.1583 billion yuan, down 16.85 percent year on year. Domestic new contracts were 754.6628 billion yuan, accounting for 85.94 percent of the total and down 19.89 percent. Overseas new contracts were 123.4955 billion yuan, accounting for 14.06 percent of the total and up 8.24 percent. The company said the revenue decline was mainly due to reduced business in engineering contracting, planning and design consulting, industrial manufacturing, real estate development, and materials and logistics. In the secondary market, as of the close on August 28, China Railway Construction's share price had fallen 16.62 percent for the year.
China Railway Construction Corp LtdFirst-half revenue and net profit declined, with total new contracts down nearly 17%.
