China Energy Engineering: Q3 2025 revenue up, profit down; renews factoring agreement

China Energy Engineering Corporation reported its third-quarter 2025 financial results. Operating revenue for the first three quarters increased 9.62% year-on-year to RMB323.54bn. Net profit attributable to shareholders decreased by 12.43% to RMB3.16bn for the same period, primarily due to real estate market adjustments. Total assets reached RMB945.67bn, an 8.82% increase from the previous year-end.

The company also announced the renewal of its Commercial Factoring Service Framework Agreement with Beijing Energy Chemistry Factoring Company for 2026. This agreement covers non-recourse and recourse factoring services, as well as related consulting. Proposed annual caps for 2026 include RMB2.0bn for non-recourse factoring services, RMB800m for recourse factoring, and RMB20m for other consulting and services.

Beijing Energy Chemistry Factoring Company, an associate of Energy Group, is 60% owned by Energy Group, the controlling shareholder of China Energy Engineering. The renewed agreement, approved by the board, aims to broaden financing channels and improve fund efficiency.