Shaanxi Construction secures major projects, faces significant financial commitments

Shaanxi Construction Engineering Group Corporation Limited and its subsidiaries secured major construction contracts totaling CNY 44.06 bn in August 2025. This includes a CNY 24.0 bn EPC project for a 1 GW photovoltaic hydrogen and ammonia synthesis plant in Xinjiang and a CNY 9.35 bn residential project in Guiyang. The company also disclosed that its total external guarantees amounted to CNY 330.02 bn as of August 31, 2025, with CNY 329.35 bn for controlling subsidiaries, exceeding 100% of the parent company's net assets.

The company further reported an update on its legal proceedings, with 66 cases involving a total of CNY 29.99 bn. Of these, 37 cases (CNY 22.96 bn) are as plaintiff and 29 cases (CNY 7.03 bn) as defendant/third party. The majority of these cases are ongoing, covering construction contract disputes and sales agreements.

This overview highlights Shaanxi Construction's growth in project acquisition while also shedding light on its significant financial commitments through guarantees and its active management of a substantial litigation portfolio.