Chalieco reports increased profit, strong contract growth in first half

Chalieco reported a net profit attributable to shareholders of RMB102,589 thousand for the first half of 2025, a decrease of 34.23% compared to RMB155,989 thousand in the corresponding period last year. Operating revenue for the period was RMB9,698,350 thousand, a 9.45% decrease from RMB10,710,476 thousand in H1 2024. The total profit stood at RMB235,317 thousand, down 12.63%.

The company saw substantial growth in new contracts, with total newly signed industrial contracts reaching RMB15.633 billion, a 37.68% period-on-period increase. Newly signed EPC general contracting and engineering contracts increased by 25.94% to RMB13.981 billion, while overseas contracts surged by 284.22% to RMB3.189 billion. Equipment manufacturing business revenue also rose by 46.20% to RMB1.749 billion.

Chalieco’s comprehensive gross profit margin for principal businesses improved to 10.84%, an increase of 1.26 percentage points. The company also announced the initial grant of 26,769,600 restricted shares and a reserved grant of 2,000,000 restricted shares under its 2023 Restricted Share Incentive Scheme during the reporting period.