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China State Construction Engineering Corporation
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Company Results | China State Construction Engineering Corporation (601668 CH/HOLD/Rmb4.65/Target: Rmb4.88)
9M26 attributable net profit fell 24.8% yoy to Rmb28.7b on lower revenue and higher R&D, SG&A and impairment cost ratios. The construction segment improved with margin expansion and a return to order growth in 3Q26. Management reiterates targets of stable DPS, higher positive OCF and stable impairment for 2026. The stake purchase programme will continue. Maintain HOLD with a largely unchanged target price of Rmb4.88.
Top Stories
Company Results | China State Construction Engineering Corporation (601668 CH/HOLD/Rmb4.65/Target: Rmb4.88)
9M26 attributable net profit fell 24.8% yoy to Rmb28.7b on lower revenue and higher R&D, SG&A and impairment cost ratios. The construction segment improved with margin expansion and a return to order growth in 3Q26. Management reiterates targets of stable DPS, higher positive OCF and stable impairment for 2026. The stake purchase programme will continue. Maintain HOLD with a largely unchanged target price of Rmb4.88.
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