China Railway Construction Corporation Limited

China Railway Construction Corporation Limited

1186.HK
China Railway Construction Corporation LimitedHK flagHong Kong Stock Exchange
4.77
HKD
+0.06
- -
97.07BMarket Cap
China Railway Construction Corporation Limited
1186.HK
(Hong Kong Stock Exchange)

Recent

price

4.77

P/E

ratio

- -

div

yld

- -

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
FRC
37.65
37.27
39.29
47.65
48.03
46.54
46.3
49.2
51.29
57.56
60.98
66.1
72.32
75.44
70.14
66.17
68.67
Revenue per Share
0.34
0.64
0.7
0.84
0.95
0.98
1.03
1.16
1.26
1.4
1.5
1.6
1.76
1.73
1.46
1.18
1.39
Basic EPS, GAAP
-0.86
-2.01
-0.47
-2.19
-1.22
1.8
0.54
-0.35
-1.89
0.54
0.58
-2.6
1.71
-0.96
-4.56
-2.87
-2.67
Free Cash Flow per Basic Share
0.29
0.39
0.55
0.63
0.95
0.9
0.76
0.85
0.89
1.01
1.1
1.19
1.19
1.29
1.47
1.72
1.53
Dividend per Share
1.8
2.42
2.99
3.7
4.56
5.27
5.86
6.65
7.47
8.39
9.18
10.05
11.58
12.95
13.84
14.3
14.26
Book Value per Share
4.15
4.8
5.26
5.94
6.7
7.2
7.57
9.93
10.99
14
16.26
18
21.32
23.02
20.08
16.49
19.96
Tangible Book Value per Share
12,489
12,272
12,327
12,315
12,352
12,904
13,592
13,842
14,234
14,427
14,929
15,432
15,160
15,085
15,216
15,562
15,149
Basic Weighted Avg Shares
470,159
457,366
484,313
586,790
593,303
600,539
629,327
680,981
730,123
830,452
910,325
1,020,010
1,096,313
1,137,993
1,067,171
1,029,784
1,040,234
Sales/Revenue/Turnover
1.46
2.71
2.99
2.98
3.49
4.03
3.42
4.04
4.61
4.31
4.2
4.72
4.92
5.04
4.85
4.54
4.85
Operating Margin (%)
7,806
9,388
9,689
9,906
10,736
11,117
12,200
12,420
13,820
17,770
17,538
18,353
20,521
21,306
23,626
27,543
- -
Depreciation Expense
4,246
7,854
8,629
10,345
11,735
12,645
14,000
16,057
17,935
20,197
22,393
24,691
26,681
26,097
22,215
18,363
21,014
Net Income, GAAP
29.1
21.62
21.63
19.94
22.36
21.85
21.71
20.4
20.98
19.28
18.36
16.6
15.94
16.74
16.62
19.48
17.64
Effective Tax Rate (%)
0.9
1.72
1.78
1.76
1.98
2.11
2.22
2.36
2.46
2.43
2.46
2.42
2.43
2.29
2.08
1.78
2.02
Profit Margin (%)
29,187
41,582
47,475
80,156
91,104
91,369
120,301
68,784
56,938
66,835
91,143
76,318
75,415
66,700
31,220
33,316
48,771
Working Capital
22,415
30,611
31,390
71,685
80,999
78,457
113,934
94,505
111,984
117,241
139,807
147,469
163,963
200,733
271,980
381,207
318,361
LT Debt
58,231
65,719
73,207
83,825
105,183
128,819
148,716
177,843
207,335
262,022
313,639
346,493
385,920
417,120
422,597
426,955
430,589
Total Equity
5.21
7.64
7.27
7.28
6.55
6.71
5.58
6.83
7.16
6.67
6.31
7.25
7.46
6.9
5.22
3.84
4.34
Return on Invested Capital (%)
9.07
11.94
10.81
10.09
8.23
7.08
6.8
7.52
6.88
6.53
6.05
5.7
5.36
4.45
3.52
2.92
3.17
Return on Capital (%)
19.54
30.14
25.94
25.1
23.04
20.35
18.96
18.7
18.08
17.76
17.35
16.9
16.14
14.07
10.94
8.48
10.07
Return on Common Equity (%)

Capital Structure

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
ST Debt
226,650
247,776
296,969
LT Borrowings
267,783
287,988
314,506
LT Finance Leases
4,197
4,121
3,855
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
13,580
13,580
13,580
Market Capitalization
81,294
70,085
75,070

Working Capital

FRC

in mil. unless spec.
Dec'24
Mar'25
Jun'25
Total Current Assets
1,143,975
1,168,961
1,248,885
Cash, Cash Equivalents & STI
187,236
167,208
182,035
Accounts Receivable, Net
204,759
215,522
242,073
Inventories
286,116
293,643
292,975
Total Current Liabilities
1,112,754
1,133,567
1,200,114
Payables & Accruals
- -
- -
- -
ST Debt
226,650
247,776
296,969
Deferred Revenue
- -
- -
- -

Growth Rates

FRC

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
13%
6.46%
1.03%
Free Cash Flow
-43.21%
-107.74%
-35.65%
Net Income, GAAP
4.45%
-3.22%
-17.34%
Sales/Revenue/Turnover
5.72%
2.72%
-3.5%
Total Cash Common Dividend
9.11%
10.59%
19.88%

Quarterly Revenue

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
274,949
241,188
241,988
309,046
1,067,171
2025
256,762
232,437
301,381
- -
1,029,784
2026
231,582
- -
- -
- -
- -

Quarterly Earnings Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.4
- -
- -
- -
1.46
2025
0.34
- -
- -
- -
1.18
2026
0.28
- -
- -
- -
- -

Quarterly Dividends Per Share

FRC

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
0.28
- -
- -
- -
1.47
2025
0.29
- -
- -
- -
1.72
2026
0.3
- -
- -
- -
- -
Business
China Railway Construction Corporation Limited (CRCC) operates as a leading infrastructure construction firm primarily engaged in the construction of railways, highways, urban rail transit systems, bridges, tunnels, and associated infrastructure projects. The company provides a comprehensive range of services including project contracting, survey and design consultation, industrial manufacturing, logistics, real estate development, and capital operations. Its core products include high-speed railways, metropolitan railways, highways, bridges, and tunnels, supported by manufacturing and logistics services tied to infrastructure development. CRCC operates through multiple business segments: Construction; Planning and Design; Manufacturing; Real Estate; and Other Business Operations. The company conducts its activities predominantly in China, with significant operations in international markets, including Africa and other regions involved in Belt and Road Initiative projects. Founded in 2007 and headquartered in Beijing, China, CRCC is part of a state-owned enterprise conglomerate with extensive subsidiaries and affiliates. Recent major developments include China Railway Construction Corporation securing several large-scale railway projects valued at over RMB 49 billion, representing a substantial influx in project awards in 2024. The company has demonstrated active participation in strategic initiatives aimed at railway modernization, with fixed-asset investments in the railway sector reaching RMB 65.2 billion in early 2024, marking a 9.5% year-on-year increase and indicating strong business momentum. CRCC has also made operational adjustments in leadership, including the retirement of key executive directors and appointments of new board members in 2024. The company completed a controlling shareholder’s stake increase plan and received regulatory approval to issue bonds for professional investors. Furthermore, CRCC expanded its local expertise and operations in regions such as Tanzania, where it opened Africa's longest low-pylon cable-stayed bridge, enhancing its geographic footprint and project portfolio. The company continues to advance partnerships and strategic alliances aligned with China’s national infrastructure and Belt and Road development strategies. China Railway Construction Corporation Limited targets public infrastructure markets, government contracts, and large-scale transportation projects, focusing on the development and modernization of railway and highway infrastructure domestically and abroad. Its business and industrial activities encompass engineering, construction, manufacturing, real estate, and logistics, serving both the public and private sectors worldwide. This comprehensive approach underscores CRCC’s position as one of the world's largest construction and engineering contractors, affirmed by its consistent inclusion in the Fortune Global 500 list for 17 consecutive years. The company maintains its headquarters in Beijing, China, pursuing a diversified portfolio that spans traditional and emerging infrastructure segments with continued strategic expansion and operational enhancements reflecting recent market and regulatory dynamics.