China Railway Construction Corporation Limited logo

China Railway Construction Corporation Limited

1186.HK

HKSEIndustrialsEngineering & Construction

Latest quote

HK$4.49

+HK$0.005 · +0.11%

Aug 24, 11:01 AM HKT

1186.HK company overview

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Company profile

Company website

China Railway Construction Corporation Limited (CRCC), a subsidiary of China Railway Construction Corporation, operates as a comprehensive construction conglomerate with significant presence in Mainland China and internationally. Established in Beijing, People's Republic of China, in 2007, the company's extensive activities are organized into five primary divisions. Its core Construction Operations segment is responsible for building a wide array of infrastructure, including railways, highways, metropolitan transport systems, and real estate projects, alongside the construction of bridges, tunnels, airports, wharves, housing, municipal engineering, water conservancy, and hydropower facilities. The Survey, Design and Consultancy Operations arm offers specialized expertise in surveying, designing, and providing advisory services for civil engineering and infrastructure initiatives such as railway networks, road systems, and urban rail transport. Through its Manufacturing Operations, CRCC engages in the research, development, production, and sale of specialized mechanical equipment, encompassing railway track maintenance and tunnel boring machinery, in addition to manufacturing track components. The Real Estate Development Operations segment focuses on the full lifecycle of developing, constructing, and selling both residential and commercial properties. Lastly, Other Business Operations encompasses a range of diverse activities, including trade and logistics, financial and insurance brokerage services, and the management of highway operations.

Industry
Engineering & Construction
Sector
Industrials
Headquarters
CN
CEO
Hegen Dai
Listed since
Mar 13, 2008
Employees
250,306

Market position

Day range

Current HK$4.49

52-week range

Current HK$4.49

Open
HK$4.53
Previous close
HK$4.485
Volume
3.43M
0.58× average
Average volume
5.87M
Average daily volume
Market cap
91.37B HKD
Beta
0.23
Market reference 1
50-day average
HK$4.7207
-4.89% below average
200-day average
HK$5.2143
-13.89% below average

Financials

Financial snapshot

Latest / TTM

Valuation & yield

Enterprise value
433.21B CNY
P/E (TTM)
4.75×
P/B (TTM)
0.29×
P/S (TTM)
0.08×
EV / EBITDA
6.41×
Earnings yield
24.46%
Free cash flow yield
-59.48%
Dividend yield
4.98%

Profitability & efficiency

Gross margin
9.84%
Operating margin
4.00%
Net margin
1.75%
Return on equity
5.40%
Return on assets
0.88%
Return on invested capital
3.62%

Financial health

Debt / equity
2.91×
Current ratio
1.03×

Financial statements

Margin trends

Profitability as a percentage of reported revenue.

Gross marginOperating marginNet margin
Gross, operating, and net margin trends11%8%4%1%Gross margin, FY2021: 9.60%Gross margin, FY2022: 10.09%Gross margin, FY2023: 10.26%Gross margin, FY2024: 10.27%Gross margin, FY2025: 9.72%Operating margin, FY2021: 5.34%Operating margin, FY2022: 5.31%Operating margin, FY2023: 3.39%Operating margin, FY2024: 3.03%Operating margin, FY2025: 4.54%Net margin, FY2021: 2.42%Net margin, FY2022: 2.43%Net margin, FY2023: 2.29%Net margin, FY2024: 2.08%Net margin, FY2025: 1.78%FY2021FY2022FY2023FY2024FY2025
Gross margin FY2021 9.60%. Gross margin FY2022 10.09%. Gross margin FY2023 10.26%. Gross margin FY2024 10.27%. Gross margin FY2025 9.72%. Operating margin FY2021 5.34%. Operating margin FY2022 5.31%. Operating margin FY2023 3.39%. Operating margin FY2024 3.03%. Operating margin FY2025 4.54%. Net margin FY2021 2.42%. Net margin FY2022 2.43%. Net margin FY2023 2.29%. Net margin FY2024 2.08%. Net margin FY2025 1.78%.

Income trends

Revenue

1.03T CNY-3.50%

Operating income

46.75B CNY+44.82%

Net income

18.36B CNY-17.34%
Income trends across reported periods1.25T CNY802.1B CNY354.25B CNY−93.6B CNYRevenue, FY2021: 1.02T CNYRevenue, FY2022: 1.1T CNYRevenue, FY2023: 1.14T CNYRevenue, FY2024: 1.07T CNYRevenue, FY2025: 1.03T CNYOperating income, FY2021: 54.44B CNYOperating income, FY2022: 58.2B CNYOperating income, FY2023: 38.59B CNYOperating income, FY2024: 32.28B CNYOperating income, FY2025: 46.75B CNYNet income, FY2021: 24.69B CNYNet income, FY2022: 26.68B CNYNet income, FY2023: 26.1B CNYNet income, FY2024: 22.22B CNYNet income, FY2025: 18.36B CNYFY2021FY2022FY2023FY2024FY2025
Revenue FY2021 1.02T CNY. Revenue FY2022 1.1T CNY. Revenue FY2023 1.14T CNY. Revenue FY2024 1.07T CNY. Revenue FY2025 1.03T CNY. Operating income FY2021 54.44B CNY. Operating income FY2022 58.2B CNY. Operating income FY2023 38.59B CNY. Operating income FY2024 32.28B CNY. Operating income FY2025 46.75B CNY. Net income FY2021 24.69B CNY. Net income FY2022 26.68B CNY. Net income FY2023 26.1B CNY. Net income FY2024 22.22B CNY. Net income FY2025 18.36B CNY.
Metric (CNY)FY2025FY2024FY2023FY2022FY2021
Revenue1.03T CNY1.07T CNY1.14T CNY1.1T CNY1.02T CNY
Cost of goods sold929.67B CNY957.6B CNY1.02T CNY985.75B CNY922.13B CNY
Gross profit100.12B CNY109.57B CNY116.79B CNY110.57B CNY97.88B CNY
Research and development23.6B CNY25.71B CNY26.73B CNY25B CNY20.25B CNY
Selling, general, and administrative7.42M CNY8.75B CNY9.23B CNY11.4B CNY11.17B CNY
Operating expenses53.37B CNY77.29B CNY78.19B CNY56.59B CNY49.7B CNY
Interest income3.94B CNY3.77B CNY1.96B CNY5.64B CNY4.05B CNY
Interest expense13.07B CNY9.64B CNY7.46B CNY9.62B CNY6.02B CNY
Depreciation and amortization27.54B CNY23.63B CNY20.98B CNY20.24B CNY18.08B CNY
Operating income46.75B CNY32.28B CNY38.59B CNY58.2B CNY54.44B CNY
Net income18.36B CNY22.22B CNY26.1B CNY26.68B CNY24.69B CNY

Company facts updated Aug 24, 2026.

Earnings

EPS beat rate
0%
0 beats, 6 misses, 0 met estimates
Average EPS surprise
-30.37%
6 comparable reports
Latest EPS result
0.32

EPS: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly EPS actual values compared with estimates0.690.50.320.14Q3 '24MissQ4 '24MissQ1 '25MissQ2 '25No estimateQ3 '25No estimateQ4 '25No estimateQ1 '26No estimateQ2 '26No estimate
Q3 2024, reported Aug 31, 2024: actual 0.505, estimate 0.645, surprise -21.71%, Miss. Q4 2024, reported Oct 29, 2024: actual 0.255, estimate 0.499, surprise -48.89%, Miss. Q1 2025, reported Mar 27, 2025: actual 0.511, estimate 0.564, surprise -9.40%, Miss. Q2 2025, reported Apr 28, 2025: actual 0.365, estimate —, surprise —, Comparison unavailable. Q3 2025, reported Aug 30, 2025: actual 0.405, estimate —, surprise —, Comparison unavailable. Q4 2025, reported Oct 31, 2025: actual 0.284, estimate —, surprise —, Comparison unavailable. Q1 2026, reported Mar 30, 2026: actual 0.167, estimate —, surprise —, Comparison unavailable. Q2 2026, reported Apr 29, 2026: actual 0.318, estimate —, surprise —, Comparison unavailable.

Revenue: actual versus estimate

Recent quarterly results

ActualEstimate
Quarterly Revenue actual values compared with estimates357.5B317.36B277.22B237.08BQ4 '24MissQ1 '25MissQ2 '25BeatQ3 '25BeatQ4 '25BeatQ1 '26BeatQ2 '26BeatQ3 '26Estimate
Q4 2024, reported Oct 29, 2024: actual 268.05B HKD, estimate 343.63B HKD, surprise -22.00%, Miss. Q1 2025, reported Mar 27, 2025: actual 328.93B HKD, estimate 343.75B HKD, surprise -4.31%, Miss. Q2 2025, reported Apr 28, 2025: actual 275.29B HKD, estimate 250.83B HKD, surprise +9.75%, Beat. Q3 2025, reported Aug 30, 2025: actual 254.71B HKD, estimate 251.08B HKD, surprise +1.45%, Beat. Q4 2025, reported Oct 31, 2025: actual 261.51B HKD, estimate 256.62B HKD, surprise +1.91%, Beat. Q1 2026, reported Mar 30, 2026: actual 335.4B HKD, estimate 265.98B HKD, surprise +26.10%, Beat. Q2 2026, reported Apr 29, 2026: actual 263.18B HKD, estimate 252.06B HKD, surprise +4.41%, Beat. Q3 2026, reported Aug 28, 2026: actual —, estimate 252.26B HKD, surprise —, Comparison unavailable.

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