China Railway Construction sees profit dip in H1 2025 despite overseas contract surge

China Railway Construction Corporation Limited's revenue for the six months ended June 30, 2025, was 489.2 billion yuan, a 5.22% decrease compared to the same period in 2024. Total profit declined by 14.04% to 15.35 billion yuan, with net profit attributable to shareholders decreasing by 10.09% to 10.7 billion yuan. Basic earnings per share fell to 0.70 yuan from 0.79 yuan.

Despite the overall revenue decline, newly-signed overseas contracts surged by 57.43% year-on-year. However, the value of newly-signed contracts across all businesses decreased by 4.04% to 1,056.17 billion yuan. Construction operations, real estate development, and planning, design, and consultancy segments all experienced revenue declines, while manufacturing operations saw an increase. Net cash flows from operating activities remained an outflow, decreasing by 2.72% to -79.46 billion yuan.

The Group's total assets grew by 7.72% to 2,006.64 billion yuan, and net assets attributable to shareholders increased by 3.93% to 341.14 billion yuan. The gearing ratio rose to 74% from 71% at the end of last year, reflecting an increase in net debt relative to total equity.