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State-owned engineering conglomerate building ports, roads, bridges and dredging works, with major overseas infrastructure projects.
State-owned engineering conglomerate building ports, roads, bridges and dredging works, with major overseas infrastructure projects.
Hong Kong-listed class of the same company as 601800. It wins infrastructure contracts by bid and books revenue as work proceeds; dredging, where it is among the largest operators in the world, is its distinguishing business.
In one line: A Chinese Bechtel/AECOM for ports and marine infrastructure.
Moat: narrow (scale, installed base, regulatory licence). Leading global dredging capacity and state-owned scale support project wins on major infrastructure/Belt & Road contracts.
Headquarters: Beijing, China · Founded: 2006 · Employees: 133,906
Size China Communications Construction (1800.HK) is a Hong Kong Industrials company (Engineering & Construction) with a market value of $12.8B, the 129th largest of 891 Hong Kong companies the cockpit tracks. Shares closed at HK$3.31 on 6 Nov 2026.
Performance Over six months the shares fell 25.8%, against -17.6% for the median peer and -13.4% for the Hong Kong market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 5.4% over the last twelve months (peer median +2.8%); the operating margin is 3.7% (peer median 6.4%).
Valuation It trades at 3.1× forward earnings against a peer median of 14.0× (cheapest of 21).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | n/a | HK$788B | HK$833B | HK$835B | HK$836B |
| Revenue growth | — | -5% | 0% | 0% | — |
| Gross profit | n/a | HK$87.4B | HK$100B | HK$104B | HK$97.3B |
| EBITDA | n/a | HK$44.9B | HK$61.2B | HK$61.9B | HK$47.6B |
| Net income | n/a | HK$15.2B | HK$24.5B | HK$25.9B | HK$21.7B |
| Free cash flow | n/a | -HK$19.3B | -HK$28.5B | -HK$29.7B | -HK$43.4B |
| Capital expenditure | n/a | HK$42.2B | HK$30.5B | HK$43.0B | HK$42.9B |
| Total debt | n/a | HK$824B | HK$690B | HK$624B | HK$528B |
The default views of Competitor Analysis ▸ Charts, drawn from the same data. Open them in the cockpit to change the axes, pin companies and read every value.
| Company | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g |
|---|---|---|---|---|---|---|
| China Communications Construction 1800.HK | $12.8B | -26% | -5% | 4% | 3.1× | n/a |
| China Railway 0390.HK | $15.0B | -19% | -4% | 4% | 3.6× | n/a |
| China State Construction International 3311.HK | $6.04B | -5% | -14% | 15% | 5.0× | -8.1% |
| Vinci DG.PA | $69.8B | -12% | +4% | 12% | 12.2× | -1.5% |
Peer set: Industry: the same industry and sector in any market, nearest in size. This is the same default set the interactive Competitor Analysis opens with.
| Measure | 1800.HK | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -0.9% | +2.7% | 9th lowest of 21 |
| 6-month return | -25.8% | -17.6% | 4th lowest of 21 |
| Distance from 52-week high | -37.9% | -28.1% | 7th lowest of 21 |
| Revenue growth (TTM) | -5.4% | +2.8% | 3rd lowest of 21 |
| Operating margin | 3.7% | 6.4% | 3rd lowest of 21 |
| Forward P/E | 3.1× | 14.0× | cheapest of 21 |
| Net debt / EBITDA | 14.6× | 2.0× | most indebted of 16 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Communications Construction 1800.HK | Hong Kong | $12.8B | -26% | -5% | 4% | 3.1× | n/a | n/a |
| Kajima 1812.T | Japan | $12.5B | -27% | +4% | 8% | 10.8× | -1.9% | +10.0% |
| Acciona ANA.MC | Spain | $13.4B | -16% | +8% | 6% | 19.8× | 8.2% | +25.6% |
| Skanska SKA-B.ST | Sweden | $12.1B | +16% | -6% | 4% | 17.1× | 8.3% | +2.0% |
| China Energy Engineering 601868.SS | China | $13.6B | -18% | -5% | 4% | 17.9× | n/a | n/a |
| MasTec MTZ | United States | $14.0B | -58% | +26% | 5% | 15.0× | 21.6% | +17.7% |
| Eiffage FGR.PA | France | $11.5B | -20% | +5% | 10% | 9.3× | -6.9% | +9.4% |
| Power Construction Corporation of China 601669.SS | China | $11.5B | -20% | -2% | 4% | 8.4× | n/a | n/a |
| China Railway Construction 1186.HK | Hong Kong | $11.4B | -22% | -5% | 4% | 3.2× | n/a | n/a |
| Sichuan Road & Bridge 600039.SS | China | $11.4B | +8% | +8% | 10% | 9.7× | -5.0% | +12.3% |
| China Railway 0390.HK | Hong Kong | $15.0B | -19% | -4% | 4% | 3.6× | n/a | n/a |
| Taisei 1801.T | Japan | $10.8B | -38% | +2% | 9% | 9.9× | 0.6% | +7.1% |
| Tetra Tech TTEK | United States | $10.3B | +33% | -8% | 12% | 24.0× | 8.3% | +12.7% |
| Atkinsrealis ATRL.TO | Canada | $9.94B | -7% | +15% | 7% | 19.9× | 11.4% | +9.6% |
| WSP Global WSP.TO | Canada | $17.5B | -19% | +10% | 10% | 14.4× | 0.0% | +15.7% |
| Saipem SPM.MI | Italy | $9.38B | -9% | +2% | 4% | 27.1× | 6.9% | +16.1% |
| APi APG | United States | $17.5B | -7% | +16% | 7% | 20.7× | 27.8% | +17.1% |
| Bouygues EN.PA | France | $18.3B | -18% | -1% | 5% | 12.9× | -0.8% | +10.4% |
| SamsungE&A 028050.KS | South Korea | $8.73B | +14% | +19% | 11% | 13.6× | -2.1% | +6.1% |
| Aecom ACM | United States | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% | +4.0% |
| Stantec STN.TO | Canada | $8.42B | -16% | +10% | 10% | 16.0× | 3.9% | +11.5% |