Power Construction Corp of China reports revenue growth, profit dip in H1 2025

Power Construction Corp of China reported a 2.66% increase in operating revenue to CNY 292.76 bn for the first half of 2025, though net profit attributable to shareholders decreased by 13.81% to CNY 5.43 bn. The company’s total assets grew by 5.39% to CNY 1.36 trillion.

In a strategic move, the company reclassified the "Yunyang Comprehensive Pumped Storage Power Station Project" into an EPC project due to changes in its investment strategy, with CNY 33.08 bn allocated to the new EPC project. This change, approved in October 2023, is expected to enhance project efficiency and returns.

Furthermore, Power Construction Corp of China announced an overhaul of its corporate governance, including the abolition of the board of supervisors and the transfer of its duties to the board of directors' audit and risk management committee. These changes, effective August 28, 2025, align with amendments to the Company Law and regulations for listed companies, streamlining the governance structure.