Shaanxi Construction wins major project bids, expands guarantee portfolio

Shaanxi Construction Engineering Group Company Limited and its subsidiaries have been awarded contracts totaling over 1.016 billion yuan for two major construction projects. These include the “Belt and Road” China-Africa Cooperation Universal Equipment Intelligent Manufacturing Project in Hangzhou, Zhejiang Province, valued at 512 million yuan, and the Yining City Chongqing Road Bridge Construction Project in Xinjiang Uyghur Autonomous Region, valued at 504 million yuan.

Concurrently, the company provided new guarantees totaling 584 million yuan in October 2025 to four subsidiaries, bringing the cumulative outstanding guarantee balance to 33.319 billion yuan as of October 31, 2025. This represents 107.37% of the company’s net assets as of the latest audited period.

The guarantees support subsidiaries’ financing needs, with most guaranteed entities having a debt-to-asset ratio exceeding 70%, excluding Shaanxi Jianxing (Chongqing) Expressway Co., Ltd. These guarantees were approved by the board of directors and shareholders in April and June 2025.