CPEC(SH:600339) Sou Hu Cai Jing·2025-11-21 11:40Core Viewpoint - Company reported steady improvement in operational quality and profitability, with a revenue of 57.529 billion yuan and a net profit of 0.523 billion yuan for the first three quarters of 2025 [2][8]. Financial Performance - For the first three quarters of 2025, the company achieved a revenue of 57.529 billion yuan, a year-on-year increase of 12.42%, while the net profit attributable to shareholders was 0.523 billion yuan, a decrease of 17.22% [8]. - The company signed new contracts worth 99.216 billion yuan, representing a year-on-year growth of 5.25% [8]. International Business - The company secured new contracts worth 25.264 billion yuan in international markets, accounting for 25.46% of total new contracts, including projects in the UAE and Iraq related to the Belt and Road Initiative [3][8]. Risk Management - The company is enhancing project management by optimizing responsibility allocation, strengthening budget constraints, and improving supply chain management to mitigate risks associated with long-cycle projects [4]. Financial Safety - The company is focusing on cash flow management by predicting cash inflows and outflows, ensuring timely collection of receivables, and maintaining necessary financing channels [5]. Brand and Project Execution - The company has executed nearly 70,000 projects since its listing, showcasing its strong brand influence and commitment to high-quality project delivery, particularly in Belt and Road countries [6]. Cash Position - As of September 30, 2025, the company reported cash and cash equivalents of 30.365 billion yuan [7]. Contract Composition - In the first three quarters of 2025, domestic contracts accounted for 73.952 billion yuan (74.54%), while emerging businesses contributed 28.015 billion yuan (28.23%) of the total new contracts [8].