China Railway Construction (601186.SH) reported first-half results, net profit of 11.902 billion yuan, a year-on-year decrease of 12.80%

According to Zhitong Finance App, China Railway Construction (601186.SH) released its 2024 semi-annual report. During the reporting period, the company achieved operating income of 516.137 billion yuan, a year-on-year decrease of 4.61%; net profit attributable to shareholders of listed companies was 11.902 billion yuan, a year-on-year decrease of 12.80%; net profit attributable to shareholders of listed companies deducted non-recurring profit and loss of 11.151 billion yuan, a year-on-year decrease of 13.54%; basic earnings per share were 0.79 yuan/share.

In the first half of 2024, the Group paid close attention to high-quality management and continued to promote the construction of domestic “1+N” main positions and overseas core pillar markets. Build a core competitive advantage, vigorously expand emerging businesses such as urban renewal, water conservancy and water transportation, new energy, ecology and environmental protection, and accelerate the implementation of strategic emerging industry projects.

During the reporting period, the total number of new contracts signed by the Group was 1,1006.21.7 billion yuan, or 36.67% of the annual plan, a year-on-year decrease of 19.02%. During the reporting period, the amount of new contracts signed for infrastructure construction projects such as the engineering contracting industry, investment and operation industry, and the green environmental protection industry was 943.540 billion yuan, accounting for 85.73% of the total number of new contracts signed, a year-on-year decrease of 19.23%.