Core Viewpoint - China Railway Construction Corporation (CRCC) is a leading comprehensive construction group with strong performance in engineering contracting and a diversified business model, showing significant revenue and profit figures in the industry [2][5]. Group 1: Business Overview - CRCC was established on November 5, 2007, and listed on the Shanghai Stock Exchange on March 10, 2008, with its headquarters in Beijing [1]. - The company operates in various sectors including engineering contracting, design consulting, industrial manufacturing, real estate development, capital operations, and logistics, showcasing a full industry chain advantage [1]. Group 2: Financial Performance - As of Q3 2025, CRCC reported a revenue of 728.40 billion yuan, ranking second in the industry, surpassing the industry average of 135.95 billion yuan [2]. - The main business segments include engineering contracting (434.60 billion yuan, 88.84%), logistics and other services (40.72 billion yuan, 8.32%), real estate development (20.76 billion yuan, 4.24%), industrial manufacturing (11.83 billion yuan, 2.42%), and design consulting (6.74 billion yuan, 1.38%) [2]. - The net profit for the same period was 17.23 billion yuan, ranking third in the industry, above the industry average of 3.65 billion yuan [2]. Group 3: Financial Ratios - As of Q3 2025, CRCC's debt-to-asset ratio was 79.14%, higher than the previous year's 76.83% and above the industry average of 72.81% [3]. - The gross profit margin was reported at 8.77%, lower than the previous year's 9.16% and below the industry average of 11.72% [3]. Group 4: Shareholder Information - As of June 30, 2025, the number of A-share shareholders decreased by 2.70% to 217,500, while the average number of shares held per shareholder increased by 2.77% to 52,900 [5]. - The top ten shareholders include China Securities Finance Corporation, holding 323 million shares, with no change from the previous period [5]. Group 5: Future Outlook - The company is expected to benefit from rapid growth in overseas business, with a 20.29% increase in revenue from international operations in H1 2025 [5]. - New contracts signed in H1 2025 increased by 57.43% year-on-year, indicating strong future growth potential [5][6]. - Profit forecasts for 2025 to 2027 are 22.82 billion, 23.55 billion, and 24.28 billion yuan, respectively, with corresponding P/E ratios of 4.82, 4.66, and 4.52 [5].

Core Viewpoint - China Railway Construction Corporation (601186.SH) reported a decline in revenue and net profit for the first three quarters of 2025 compared to the previous year [1] Financial Performance - The total operating revenue for the first three quarters reached 728.403 billion yuan, representing a year-on-year decrease of 3.92% [1] - The net profit attributable to shareholders of the parent company was 14.811 billion yuan, down 5.63% year-on-year [1] - The basic earnings per share stood at 0.96 yuan [1]

Core Insights - China Railway Construction Corporation (CRCC) reported a revenue of 239,204 thousand yuan for Q3 2025, representing a year-on-year decline of 1.15% [2] - The net profit attributable to shareholders of the listed company was 4,109,792 thousand yuan, showing a year-on-year increase of 8.34% [2] Financial Performance - Revenue for Q3 2025: 239,204 thousand yuan, down 1.15% year-on-year [2] - Net profit for Q3 2025: 4,109,792 thousand yuan, up 8.34% year-on-year [2]

Core Viewpoint - China Railway Construction Corporation (CRCC) reported a decline in revenue and net profit for the first three quarters of 2025, indicating challenges in the domestic market while showing strong growth in overseas contracts [1] Financial Performance - The operating revenue for the first three quarters was 728.403 billion yuan, a year-on-year decrease of 3.92% [1] - The net profit attributable to shareholders was approximately 14.811 billion yuan, down 5.63% year-on-year [1] - Basic earnings per share stood at 0.96 yuan [1] Contractual Performance - The total new contracts signed by the group amounted to 1,518.765 billion yuan, achieving 49.63% of the annual target, with a year-on-year growth of 3.08% [1] - Domestic new contracts totaled 1,313.944 billion yuan, accounting for 86.51% of the total, which represents a year-on-year decline of 3.96% [1] - Overseas new contracts reached 204.8209 billion yuan, making up 13.49% of the total, with a significant year-on-year increase of 94.52% [1] Unfinished Contracts - As of September 30, 2025, the total amount of unfinished contracts was 8,098.0449 billion yuan [1] - The unfinished domestic contracts totaled 6,505.6394 billion yuan, representing 80.34% of the total [1] - The unfinished overseas contracts amounted to 1,592.4055 billion yuan, accounting for 19.66% of the total [1]

Core Insights - China Railway Construction Corporation (CRCC) reported a revenue of 239.204 billion yuan for Q3 2025, a year-on-year decrease of 1.15% [2] - The net profit attributable to shareholders for Q3 2025 was 4.11 billion yuan, reflecting a year-on-year increase of 8.34% [2] - Basic earnings per share for Q3 2025 stood at 0.26 yuan [2] Financial Performance - For the first three quarters of 2025, CRCC achieved a total revenue of 728.403 billion yuan, which is a year-on-year decline of 3.92% [2] - The net profit attributable to shareholders for the first three quarters was 14.811 billion yuan, showing a year-on-year decrease of 5.63% [2] - Basic earnings per share for the first three quarters were reported at 0.96 yuan [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲 載 列 中 國 鐵 建 股 份 有 限 公 司（「本公司」）在 上 海 證 券 交 易 所 網 站 刊 登 的「中 國 鐵 建 股 份 有 限 公 司 第 六 屆 董 事 會 第 五 次 會 議 決 議 公 告」，僅 供 參 閱。 承董事會命 中國鐵建股份有限公司 董事長 戴和根 中 國 • 北 京 2025年10月31日 於 本 公 告 日 期，董 事 會 成 員 包 括：戴 和 根 先 生（董 事 長、執 行 董 事）、郜 烈 陽 先 生（非 執 行 董 事）、馬 傳 景 先 生（獨 立 非 執 行 董 事）、解 國 光 先 生（獨 立 非 執 行 董 事）、錢 偉 倫 先 生（獨 立 非 執 行 董 事）、王 俊 先 生（獨 立 非 執 行 ...

Core Viewpoint - China Railway Construction Corporation (CRCC) reported a decline in revenue and net profit for the first three quarters of 2025, indicating challenges in the domestic market while showing strong growth in overseas contracts [1] Financial Performance - The operating revenue for the first three quarters was 728.403 billion yuan, a year-on-year decrease of 3.92% [1] - The net profit attributable to shareholders was approximately 14.811 billion yuan, down 5.63% year-on-year [1] - Basic earnings per share stood at 0.96 yuan [1] Contractual Performance - The total new contracts signed by the group amounted to 1,518.765 billion yuan, achieving 49.63% of the annual target, with a year-on-year growth of 3.08% [1] - Domestic new contracts totaled 1,313.944 billion yuan, accounting for 86.51% of the total new contracts, reflecting a year-on-year decline of 3.96% [1] - Overseas new contracts reached 204.8209 billion yuan, making up 13.49% of the total, with a significant year-on-year increase of 94.52% [1] Unfinished Contracts - As of September 30, 2025, the total amount of unfinished contracts was 8,098.0449 billion yuan [1] - The unfinished contracts in the domestic market totaled 6,505.6394 billion yuan, representing 80.34% of the total [1] - The unfinished contracts in the overseas market amounted to 1,592.4055 billion yuan, accounting for 19.66% of the total [1]

证券代码：601186 证券简称：中国铁建 公告编号：临 2025—044 中国铁建股份有限公司 日常关联（连）交易公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 重要内容提示： 释义 | 本公司、公司 | 指 | 中国铁建股份有限公司 | | --- | --- | --- | | 中铁建公司 | 指 | 中国铁道建筑集团有限公司 | 一、日常关联（连）交易基本情况 （一）日常关联（连）交易履行的审议程序 公司独立董事于 2025 年 10 月 30 日召开 2025 年第 2 次独立董 事专门会议，审议通过了《续签<房屋租赁框架协议>和拟定 2026 年 度持续关联（连）交易上限的议案》，独立董事认为：本次审议的日 常关联（连）交易属于正常商业交易，交易协议的内容符合有关法 律法规及规范性文件规定，公司拟定的交易上限符合公司经营业务 开展的实际需要，交易价格将依据市场价格确定，定价公允且交易 1 证券代码：601186 证券简称：中国铁建 公告编号：临 2025—044 本次日常关联（连）交易无需提交股东会审议 本 ...

证券代码：601186 证券简称：中国铁建 公告编号：临 2025—043 中国铁建股份有限公司 第六届董事会第五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、 误导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承 担法律责任。 一、董事会会议召开情况 中国铁建股份有限公司（以下简称公司）第六届董事会第五次会 议于 2025 年 10 月 30 日在中国铁建大厦举行，董事会会议通知和材 料于 2025 年 10 月 14 日以书面直接送达和电子邮件等方式发出。应 出席会议董事 7 名，7 名董事出席本次会议。公司高级管理人员列席 了会议。会议由董事长戴和根先生主持。本次会议的召开符合有关法 律、行政法规、部门规章、规范性文件和《中国铁建股份有限公司章 程》及《中国铁建股份有限公司董事会议事规则》的规定。 二、董事会会议审议情况 证券代码：601186 证券简称：中国铁建 公告编号：临 2025—043 关联（连）交易上限的议案》 会议审议并以记名投票方式表决了会议议案，作出如下决议： （一）审议通过《公司2025年第三季度报告的议案》 同意公司2025年第三季度报告。 表决结 ...

格隆汇10月30日丨中国铁建(01186.HK)公告，公司2025年前三季度实现营业收入7284.03亿元，同比下 降3.92%；归属于上市公司股东的净利润148.11亿元，同比下降5.63%；基本每股收益0.96元。 ...