S&P Revises China Railway Construction's Outlook to Negative on Worsening Leverage

MT Newswires

S&P Global Ratings changed its outlook on China Railway Construction to negative from stable, while maintaining its A- long-term issuer credit rating, among others, according to a Friday release.

The rating agency expects the company to have elevated financial leverage over the next one to two years amid heightened competition and weak funding conditions.

Orders for China's engineering and construction sector dropped by 2% in the first quarter following a 5% contraction last year.

Still, the company will see improved margins and cash flows due to an optimized project mix, gradual cost reduction, and increased cash collection measures.

Significant shifts in the company's EBITDA margin and revenue, cash collection levels, and capital allocation could trigger future rating actions, S&P said.

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China Railway Construction Units Bag 2.59 Billion Yuan Construction Project

MT Newswires

601186

-0.38%

Two units of China Railway Construction won the bid for a general contracting project worth 2.59 billion yuan related to the China-Kyrgyzstan-Uzbekistan Railway, a Wednesday Hong Kong bourse filing said.

The project is for two sections of three tunnel projects of the advance construction section of the China-Kyrgyzstan-Uzbekistan Railway.

The overall project is a landmark project of the "Belt and Road" cooperation promoted by the heads of state of China, Kyrgyzstan, and Uzbekistan.

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China Railway Construction Units Bag 2.59 Billion Yuan Construction Project

MT Newswires

601186

-0.38%

The project is for two sections of three tunnel projects of the advance construction section of the China-Kyrgyzstan-Uzbekistan Railway.

The overall project is a landmark project of the "Belt and Road" cooperation promoted by the heads of state of China, Kyrgyzstan, and Uzbekistan.

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China Railway Construction's Q1 Profit Slides 15%

MT Newswires

601186

-0.38%

China Railway Construction recorded a 15% decline in attributable profit in the first quarter to 5.15 billion yuan from 6.03 billion yuan in the year-ago period, a Tuesday Hong Kong bourse filing said.

Earnings per share fell to 0.34 yuan in the three months from 0.399 yuan in the previous corresponding period of the last year.

The construction and engineering company's revenue fell 6.6% to 256.8 billion yuan in the quarter from 274.9 billion yuan a year prior.

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China Railway Construction's Q1 Profit Slides 15%

MT Newswires

601186

-0.38%

Earnings per share fell to 0.34 yuan in the three months from 0.399 yuan in the previous corresponding period of the last year.

The construction and engineering company's revenue fell 6.6% to 256.8 billion yuan in the quarter from 274.9 billion yuan a year prior.

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China Railway Construction's Profit Drops 15%, Revenue Slips 6% in 2024; Hong Kong Shares Down 6%

MT Newswires

601186

-0.38%

China Railway Construction's net profit attributable to shareholders in 2024 dropped 15% to 22.2 billion yuan from 26 billion yuan a year earlier, according to a Hong Kong Stock Exchange disclosure on

Earnings per share declined 16% year on year to 1.46 yuan from 1.73 yuan, missing Visible Alpha estimates of 1.69 yuan.

The construction company's revenue slipped 6.2% to 1.067 trillion yuan from 1.138 trillion yuan in the previous year. The current figures were lower than VA analysts' projection of 1.082 trillion yuan.

The board of directors proposed a cash dividend of 0.30 per share to be paid on or before Aug. 31 to shareholders after the proposal is approved at the upcoming annual general meeting.

The company's Hong Kong shares dropped 6%, while Shanghai shares slipped less than 3% in recent trade.

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China Railway Construction's Profit Drops 15%, Revenue Slips 6% in 2024; Hong Kong Shares Down 6%

MT Newswires

601186

-0.38%

Earnings per share declined 16% year on year to 1.46 yuan from 1.73 yuan, missing Visible Alpha estimates of 1.69 yuan.

The board of directors proposed a cash dividend of 0.30 per share to be paid on or before Aug. 31 to shareholders after the proposal is approved at the upcoming annual general meeting.

The company's Hong Kong shares dropped 6%, while Shanghai shares slipped less than 3% in recent trade.

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S&P Revises China Railway Construction's Outlook to Negative on Worsening Leverage

China Railway Construction Units Bag 2.59 Billion Yuan Construction Project

China Railway Construction Units Bag 2.59 Billion Yuan Construction Project

China Railway Construction's Q1 Profit Slides 15%

China Railway Construction's Q1 Profit Slides 15%

China Railway Construction's Profit Drops 15%, Revenue Slips 6% in 2024; Hong Kong Shares Down 6%

China Railway Construction's Profit Drops 15%, Revenue Slips 6% in 2024; Hong Kong Shares Down 6%

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