Main business under pressure, "going global" for growth. The two major infrastructure state-owned enterprises, China Railway and China State Construction Engineering, experienced a decline in performance last year.

WealthCoffee · 2026-04-02T05:02:41+00:00

Over the past year, due to the downturn in the real estate market and insufficient market demand, China Railway Group and China State Construction Engineering Corporation both experienced year-on-year declines in revenue and net profit, decreasing by 5.76% and 3.5% respectively.

WealthCoffee

2026-04-02 05:02:41

Abstract generation in progress

【Caixin Global】 Over the past year, due to factors such as the downturn in domestic real estate and weak market demand, China’s construction market has continued to face pressure, with both revenue and profit for the two major railway construction state-owned central enterprises declining year over year.

As of March 31, China Railway Group (601390.SH/0390.HK) and China Railway Construction (601186.SH/1186.HK) have released their full 2025 annual reports. China Railway Group recorded revenue of approximately RMB 1.09 trillion, down 5.76% year over year; net profit attributable to shareholders was approximately RMB 22.892 billion, down 17.91% year over year. China Railway Construction recorded revenue of approximately RMB 1.03 trillion, down 3.5% year over year; net profit attributable to shareholders was approximately RMB 18.363 billion, down 17.34% year over year.

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