China Communications Construction reports Q3 results, adjusts related-party transactions

China Communications Construction Company Limited (CCCC) reported revenue of 513,915 million yuan for the first three quarters, a 4.23% decrease year-on-year, though single-quarter revenue decline narrowed. Net profit attributable to the parent company was 13,647 million yuan, a 16.14% decrease. Total assets grew by 9.76% to 2,039,673 million yuan compared to the end of last year. New contracts for the group reached 1,339,970 million yuan, up 4.65% year-on-year.

Separately, the company announced supplemental agreements to revise annual caps for continuing connected transactions with certain connected subsidiaries. These revisions address the estimated exceedance of existing caps for leasing and project contracting services for the year ending December 31, 2025. The cap for rents received by the group from connected subsidiaries increased from 47.42 million yuan to 51.05 million yuan, and rents paid by the group to connected subsidiaries rose from 400.00 million yuan to 422.23 million yuan.

Additionally, the cap for fees received by connected subsidiaries for labor and subcontracting services provided to the group increased from 240.52 million yuan to 342.78 million yuan. These transactions are subject to reporting, announcement, and annual review requirements under Hong Kong Listing Rules.