Announcement • Apr 29
China State Construction Engineering Corporation Limited, Annual General Meeting, May 19, 2026 China State Construction Engineering Corporation Limited, Annual General Meeting, May 19, 2026, at 14:30 China Standard Time. Location: 2F, Podium Building, Building 3, Yard No. 5, Anding Road, Chaoyang District, Beijing China Major Estimate Revision • Apr 24
Consensus EPS estimates fall by 22% The consensus outlook for earnings per share (EPS) in fiscal year 2026 has deteriorated. 2026 revenue forecast decreased from CN¥2.32t to CN¥2.10t. EPS estimate also fell from CN¥1.19 per share to CN¥0.935 per share. Net income forecast to shrink 0.6% next year vs 12% growth forecast for Construction industry in China . Consensus price target down from CN¥6.95 to CN¥6.09. Share price fell 2.0% to CN¥4.84 over the past week. Price Target Changed • Apr 20
Price target decreased by 10% to CN¥6.24 Down from CN¥6.95, the current price target is an average from 8 analysts. New target price is 28% above last closing price of CN¥4.88. Stock is down 11% over the past year. The company is forecast to post earnings per share of CN¥0.89 for next year compared to CN¥0.94 last year. Reported Earnings • Apr 19
Full year 2025 earnings: EPS and revenues miss analyst expectations Full year 2025 results: EPS: CN¥0.94 (down from CN¥1.11 in FY 2024). Revenue: CN¥2.08t (down 4.8% from FY 2024). Net income: CN¥39.1b (down 15% from FY 2024). Profit margin: 1.9% (down from 2.1% in FY 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 7.3%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 5.1% p.a. on average during the next 3 years, compared to a 7.2% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 7% per year whereas the company’s share price has fallen by 8% per year. Announcement • Mar 30
China State Construction Engineering Corporation Limited to Report Q1, 2026 Results on Apr 30, 2026 China State Construction Engineering Corporation Limited announced that they will report Q1, 2026 results on Apr 30, 2026 Announcement • Dec 26
China State Construction Engineering Corporation Limited to Report Fiscal Year 2025 Results on Apr 30, 2026 China State Construction Engineering Corporation Limited announced that they will report fiscal year 2025 results on Apr 30, 2026 Reported Earnings • Oct 31
Third quarter 2025 earnings: EPS and revenues miss analyst expectations Third quarter 2025 results: EPS: CN¥0.19 (down from CN¥0.25 in 3Q 2024). Revenue: CN¥449.9b (down 6.6% from 3Q 2024). Net income: CN¥8.06b (down 23% from 3Q 2024). Profit margin: 1.8% (down from 2.2% in 3Q 2024). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 3.8%. Earnings per share (EPS) also missed analyst estimates by 17%. Revenue is forecast to grow 4.5% p.a. on average during the next 3 years, compared to a 7.8% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 6% per year but the company’s share price has increased by 4% per year, which means it is well ahead of earnings. Announcement • Sep 30
China State Construction Engineering Corporation Limited to Report Q3, 2025 Results on Oct 31, 2025 China State Construction Engineering Corporation Limited announced that they will report Q3, 2025 results on Oct 31, 2025 Announcement • Jun 30
China State Construction Engineering Corporation Limited to Report First Half, 2025 Results on Aug 30, 2025 China State Construction Engineering Corporation Limited announced that they will report first half, 2025 results on Aug 30, 2025 Announcement • Apr 29
China State Construction Engineering Corporation Limited, Annual General Meeting, May 23, 2025 China State Construction Engineering Corporation Limited, Annual General Meeting, May 23, 2025, at 14:30 China Standard Time. Major Estimate Revision • Apr 22
Consensus EPS estimates fall by 11% The consensus outlook for earnings per share (EPS) in fiscal year 2025 has deteriorated. 2025 revenue forecast decreased from CN¥2.38t to CN¥2.24t. EPS estimate also fell from CN¥1.34 per share to CN¥1.19 per share. Net income forecast to grow 5.2% next year vs 11% growth forecast for Construction industry in China. Consensus price target broadly unchanged at CN¥7.28. Share price rose 2.8% to CN¥5.53 over the past week. Reported Earnings • Apr 16
Full year 2024 earnings: EPS and revenues miss analyst expectations Full year 2024 results: EPS: CN¥1.11 (down from CN¥1.31 in FY 2023). Revenue: CN¥2.19t (down 3.5% from FY 2023). Net income: CN¥46.2b (down 15% from FY 2023). Profit margin: 2.1% (down from 2.4% in FY 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 2.9%. Earnings per share (EPS) also missed analyst estimates by 13%. Revenue is forecast to grow 6.6% p.a. on average during the next 2 years, compared to a 7.8% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has fallen by 2% per year and the company’s share price has also fallen by 2% per year. Announcement • Mar 28
China State Construction Engineering Corporation Limited to Report Q1, 2025 Results on Apr 30, 2025 China State Construction Engineering Corporation Limited announced that they will report Q1, 2025 results on Apr 30, 2025 Announcement • Dec 27
China State Construction Engineering Corporation Limited to Report Fiscal Year 2024 Results on Apr 30, 2025 China State Construction Engineering Corporation Limited announced that they will report fiscal year 2024 results on Apr 30, 2025 Reported Earnings • Oct 26
Third quarter 2024 earnings: EPS and revenues miss analyst expectations Third quarter 2024 results: EPS: CN¥0.25 (down from CN¥0.35 in 3Q 2023). Revenue: CN¥481.9b (down 14% from 3Q 2023). Net income: CN¥10.5b (down 29% from 3Q 2023). Profit margin: 2.2% (down from 2.7% in 3Q 2023). The decrease in margin was driven by lower revenue. Revenue missed analyst estimates by 15%. Earnings per share (EPS) also missed analyst estimates by 37%. Revenue is forecast to grow 8.5% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Board Change • Oct 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Director Ruchen Liu was the last director to join the board, commencing their role in 2024. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 30
China State Construction Engineering Corporation Limited to Report Q3, 2024 Results on Oct 31, 2024 China State Construction Engineering Corporation Limited announced that they will report Q3, 2024 results on Oct 31, 2024 Valuation Update With 7 Day Price Move • Sep 26
Investor sentiment improves as stock rises 18% After last week's 18% share price gain to CN¥5.78, the stock trades at a forward P/E ratio of 4x. Average forward P/E is 10x in the Construction industry in China. Total returns to shareholders of 39% over the past three years. Reported Earnings • Sep 03
Second quarter 2024 earnings: EPS misses analyst expectations Second quarter 2024 results: EPS: CN¥0.36 (up from CN¥0.35 in 2Q 2023). Revenue: CN¥595.3b (up 1.2% from 2Q 2023). Net income: CN¥14.3b (up 1.6% from 2Q 2023). Profit margin: 2.4% (in line with 2Q 2023). Revenue was in line with analyst estimates. Earnings per share (EPS) missed analyst estimates by 2.7%. Revenue is forecast to grow 7.1% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 1% per year whereas the company’s share price has fallen by 1% per year. Announcement • Jun 28
China State Construction Engineering Corporation Limited to Report First Half, 2024 Results on Aug 31, 2024 China State Construction Engineering Corporation Limited announced that they will report first half, 2024 results on Aug 31, 2024 Declared Dividend • Jun 23
Dividend of CN¥0.27 announced Shareholders will receive a dividend of CN¥0.27. Ex-date: 27th June 2024 Payment date: 27th June 2024 Dividend yield will be 5.0%, which is higher than the industry average of 3.4%. Sustainability & Growth Dividend is covered by earnings (21% earnings payout ratio) but the company has no free cash flows available, indicating it may be using cash reserves or debt to pay the dividend. The dividend has increased by an average of 14% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 23% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • May 01
First quarter 2024 earnings released: EPS: CN¥0.35 (vs CN¥0.35 in 1Q 2023) First quarter 2024 results: EPS: CN¥0.35 (in line with 1Q 2023). Revenue: CN¥549.3b (up 4.7% from 1Q 2023). Net income: CN¥14.9b (up 1.2% from 1Q 2023). Profit margin: 2.7% (down from 2.8% in 1Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 6.9% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 2% per year whereas the company’s share price has increased by 3% per year. Announcement • May 01
China State Construction Engineering Corporation Limited, Annual General Meeting, May 24, 2024 China State Construction Engineering Corporation Limited, Annual General Meeting, May 24, 2024, at 14:30 China Standard Time. Location: 2F, Building 3, Yard No. 5, Anding Road, Chaoyang District, Beijing China Reported Earnings • Apr 20
Full year 2023 earnings: Revenues and EPS in line with analyst expectations Full year 2023 results: EPS: CN¥1.31 (up from CN¥1.23 in FY 2022). Revenue: CN¥2.27t (up 10% from FY 2022). Net income: CN¥54.1b (up 7.3% from FY 2022). Profit margin: 2.4% (down from 2.5% in FY 2022). The decrease in margin was driven by higher expenses. Revenue was in line with analyst estimates. Earnings per share (EPS) were also in line with analyst expectations. Revenue is forecast to grow 7.3% p.a. on average during the next 3 years, compared to a 11% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 3% per year whereas the company’s share price has increased by 2% per year. Announcement • Mar 30
China State Construction Engineering Corporation Limited to Report Q1, 2024 Results on Apr 30, 2024 China State Construction Engineering Corporation Limited announced that they will report Q1, 2024 results on Apr 30, 2024 Announcement • Dec 30
China State Construction Engineering Corporation Limited to Report Fiscal Year 2023 Results on Apr 30, 2024 China State Construction Engineering Corporation Limited announced that they will report fiscal year 2023 results on Apr 30, 2024 Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: CN¥0.35 (vs CN¥0.36 in 3Q 2022) Third quarter 2023 results: EPS: CN¥0.35 (down from CN¥0.36 in 3Q 2022). Revenue: CN¥557.9b (up 18% from 3Q 2022). Net income: CN¥14.8b (down 4.9% from 3Q 2022). Profit margin: 2.7% (down from 3.3% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is forecast to grow 9.0% p.a. on average during the next 3 years, compared to a 15% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 5% per year whereas the company’s share price has increased by 1% per year. Announcement • Sep 30
China State Construction Engineering Corporation Limited to Report Q3, 2023 Results on Oct 31, 2023 China State Construction Engineering Corporation Limited announced that they will report Q3, 2023 results on Oct 31, 2023 Announcement • Jun 28
China State Construction Engineering Corporation Limited to Report First Half, 2023 Results on Aug 31, 2023 China State Construction Engineering Corporation Limited announced that they will report first half, 2023 results on Aug 31, 2023 Reported Earnings • Apr 18
Full year 2022 earnings: EPS and revenues miss analyst expectations Full year 2022 results: EPS: CN¥1.23. Revenue: CN¥2.06t (up 8.7% from FY 2021). Net income: CN¥51.0b (flat on FY 2021). Profit margin: 2.5% (down from 2.7% in FY 2021). The decrease in margin was driven by higher expenses. Revenue missed analyst estimates by 3.2%. Earnings per share (EPS) also missed analyst estimates by 8.8%. Revenue is forecast to grow 12% p.a. on average during the next 2 years, compared to a 14% growth forecast for the Construction industry in China. Price Target Changed • Dec 19
Price target decreased to CN¥7.59 Down from CN¥8.36, the current price target is an average from 9 analysts. New target price is 37% above last closing price of CN¥5.53. Stock is up 11% over the past year. The company is forecast to post earnings per share of CN¥1.35 for next year compared to CN¥1.25 last year. Board Change • Nov 16
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Chairman Xuexuan Zheng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Reported Earnings • Oct 30
Third quarter 2022 earnings: EPS and revenues exceed analyst expectations Third quarter 2022 results: EPS: CN¥0.36 (up from CN¥0.30 in 3Q 2021). Revenue: CN¥474.5b (up 19% from 3Q 2021). Net income: CN¥15.6b (up 22% from 3Q 2021). Profit margin: 3.3% (up from 3.2% in 3Q 2021). The increase in margin was driven by higher revenue. Revenue exceeded analyst estimates by 12%. Earnings per share (EPS) also surpassed analyst estimates by 16%. Revenue is forecast to grow 10% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Construction industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 2% per year, which means it is significantly lagging earnings. Board Change • Jun 21
High number of new and inexperienced directors There are 7 new directors who have joined the board in the last 3 years. The company's board is composed of: 7 new directors. 4 experienced directors. No highly experienced directors. Chairman Xuexuan Zheng is the most experienced director on the board, commencing their role in 2019. The following issues are considered to be risks according to the Simply Wall St Risk Model: Lack of board continuity. Lack of experienced directors. Board Change • May 31
High number of new directors Independent Director Xu Wenrong was the last director to join the board, commencing their role in 2021. Reported Earnings • May 02
First quarter 2022 earnings: EPS in line with analyst expectations despite revenue beat First quarter 2022 results: EPS: CN¥0.31 (up from CN¥0.27 in 1Q 2021). Revenue: CN¥485.4b (up 20% from 1Q 2021). Net income: CN¥12.9b (up 17% from 1Q 2021). Profit margin: 2.7% (in line with 1Q 2021). Revenue exceeded analyst estimates by 9.8%. Earnings per share (EPS) were mostly in line with analyst estimates. Over the next year, revenue is forecast to grow 10%, compared to a 16% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has only increased by 3% per year, which means it is significantly lagging earnings growth. Board Change • Apr 27
High number of new directors Independent Director Xu Wenrong was the last director to join the board, commencing their role in 2021. Reported Earnings • Apr 17
Full year 2021 earnings: EPS and revenues exceed analyst expectations Full year 2021 results: EPS: CN¥1.25 (up from CN¥1.07 in FY 2020). Revenue: CN¥1.89t (up 17% from FY 2020). Net income: CN¥51.4b (up 16% from FY 2020). Profit margin: 2.7% (in line with FY 2020). Revenue exceeded analyst estimates by 1.7%. Earnings per share (EPS) also surpassed analyst estimates by 3.7%. Over the next year, revenue is forecast to grow 9.0%, compared to a 14% growth forecast for the industry in China. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 3% per year, which means it is significantly lagging earnings. Reported Earnings • Oct 27
Third quarter 2021 earnings released: EPS CN¥0.30 (vs CN¥0.27 in 3Q 2020) The company reported a solid third quarter result with improved earnings and revenues, although profit margins were flat. Third quarter 2021 results: Revenue: CN¥400.3b (up 15% from 3Q 2020). Net income: CN¥12.8b (up 13% from 3Q 2020). Profit margin: 3.2% (in line with 3Q 2020). Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 5% per year, which means it is significantly lagging earnings. Reported Earnings • Aug 29
Second quarter 2021 earnings released: EPS CN¥0.35 (vs CN¥0.29 in 2Q 2020) The company reported a strong second quarter result with improved earnings, revenues and profit margins. Second quarter 2021 results: Revenue: CN¥532.0b (up 15% from 2Q 2020). Net income: CN¥14.6b (up 19% from 2Q 2020). Profit margin: 2.7% (up from 2.6% in 2Q 2020). The increase in margin was driven by higher revenue. Over the last 3 years on average, earnings per share has increased by 14% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Reported Earnings • Apr 18
Full year 2020 earnings released: EPS CN¥1.07 (vs CN¥0.97 in FY 2019) The company reported a solid full year result with improved earnings and revenues, although profit margins were flat. Full year 2020 results: Revenue: CN¥1.62t (up 14% from FY 2019). Net income: CN¥44.9b (up 13% from FY 2019). Profit margin: 2.8% (in line with FY 2019). Over the last 3 years on average, earnings per share has increased by 11% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Is New 90 Day High Low • Mar 15
New 90-day high: CN¥5.18 The company is up 2.0% from a price of CN¥5.08 on 15 December 2020. Outperformed the Chinese market which is flat over the last 90 days. Exceeded the Construction industry, which is flat over the same period. Simply Wall St's valuation model estimates the intrinsic value at CN¥2.87 per share. Is New 90 Day High Low • Jan 28
New 90-day low: CN¥4.83 The company is down 5.0% from its price of CN¥5.11 on 30 October 2020. The Chinese market is up 9.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.99 per share. Is New 90 Day High Low • Jan 11
New 90-day low: CN¥4.87 The company is down 5.0% from its price of CN¥5.11 on 13 October 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 8.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥3.09 per share. Is New 90 Day High Low • Dec 22
New 90-day low: CN¥5.02 The company is down 2.0% from its price of CN¥5.14 on 23 September 2020. The Chinese market is up 5.0% over the last 90 days, indicating the company underperformed over that time. However, it outperformed the Construction industry, which is down 5.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.88 per share. Announcement • Nov 24
China State Construction Engineering Corporation Limited (SHSE:601668) made a bid to acquire Probuild Constructions (Aust) Pty Ltd for AUD 200 million. China State Construction Engineering Corporation Limited (SHSE:601668) made a bid to acquire Probuild Constructions (Aust) Pty Ltd for AUD 200 million on November 22, 2020. Probuild Constructions (Aust) Pty Ltd reported annual turnover of AUD 2 billion. The transaction is under Foreign Investment Review Board scrutiny and is subject to Treasurer Josh Frydenberg approval. Is New 90 Day High Low • Nov 07
New 90-day high: CN¥5.37 The company is up 5.0% from its price of CN¥5.11 on 07 August 2020. The Chinese market is down 1.0% over the last 90 days, indicating the company outperformed over that time. It also outperformed the Construction industry, which is down 4.0% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is CN¥2.53 per share. Analyst Estimate Surprise Post Earnings • Oct 29
Third-quarter earnings released: Revenue and earnings beat expectations Third-quarter revenue exceeded analyst estimates by 3.5% at CN¥347.9b. Earnings per share (EPS) also surpassed analyst estimates by 8.0% at CN¥0.27. Revenue is forecast to grow 13% over the next year, compared to a 17% growth forecast for the Construction industry in China. Reported Earnings • Oct 29
Third quarter earnings released Over the last 12 months the company has reported total profits of CN¥42.7b, up 15% from the prior year. Total revenue was CN¥1.52t over the last 12 months, up 14% from the prior year. Announcement • Oct 28
China State Construction Engineering Corporation Limited to Report Q3, 2020 Results on Oct 30, 2020 China State Construction Engineering Corporation Limited announced that they will report Q3, 2020 results on Oct 30, 2020 Announcement • Jul 17
China State Construction Engineering Corporation Limited to Report First Half, 2020 Results on Aug 29, 2020 China State Construction Engineering Corporation Limited announced that they will report first half, 2020 results on Aug 29, 2020