Sichuan Road & Bridge cuts 2025 related-party transaction forecast by 249m yuan

Sichuan Road & Bridge Construction Group Co. announced an adjustment to its estimated recurring related-party transactions for 2025, decreasing the total by 249m yuan to 113.254 bn yuan. This revision was approved by the company's Eighth Board of Directors at its sixty-fourth meeting on November 24, 2025.

The initial estimate of 113.503 bn yuan was approved in late 2024 and early 2025. The adjustments specifically involve a decrease of 78m yuan in "sale of goods," a decrease of 814m yuan in "acceptance of services," an increase of 818m yuan in "purchase of goods," and a decrease of 175m yuan in "provision of services."

As of September 30, 2025, the company had already executed 57.995 bn yuan in recurring related-party transactions (unaudited). The board emphasized that these transactions support the company's normal production and operation, do not harm the interests of minority shareholders, and do not create excessive reliance on related parties. The independent directors also concurred that the adjustments are consistent with business development needs and fair, transparent principles.

The company's related-party transactions are conducted under general market operating rules, treated equally with other business dealings, and follow fair and just market principles. The primary business activities are not overly dependent on these transactions, ensuring the company's independence. These adjusted estimates are pending approval at the company's shareholders' meeting.