Shaanxi state-owned general construction contractor; exact project mix unconfirmed.
Shaanxi state-owned general construction contractor; exact project mix unconfirmed.
Moat: none
Headquarters: Xi'an, Shaanxi, China · Employees: 31,566
Size Shaanxi Construction Engineering (600248.SS) is a China Industrials company (Engineering & Construction) with a market value of $1.45B, the 1681st largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.60 on 6 Nov 2026.
Performance Over six months the shares fell 25.3%, against -14.7% for the median peer and -16.4% for the China market (cap-weighted) — 4th lowest of 21 in its peer set.
Growth Revenue fell 24.7% over the last twelve months (peer median +8.0%); the operating margin is 0.3% (peer median 6.3%).
Valuation It trades at 2.7× forward earnings against a peer median of 13.8× (cheapest of 15).
Capital Return on invested capital runs 4.2 points below its cost of capital (5.0% WACC).
Next results Next results expected around 29 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥103B | CN¥128B | CN¥151B | CN¥180B | CN¥189B |
| Revenue growth | — | -15% | -16% | -5% | — |
| Gross profit | CN¥12.2B | CN¥13.9B | CN¥17.0B | CN¥18.5B | CN¥16.6B |
| EBITDA | n/a | CN¥3.46B | CN¥6.47B | CN¥8.42B | CN¥7.16B |
| Net income | -CN¥1.93B | CN¥225M | CN¥2.96B | CN¥3.96B | CN¥3.59B |
| Free cash flow | -CN¥10.4B | -CN¥2.64B | -CN¥8.66B | -CN¥9.11B | -CN¥867M |
| Capital expenditure | CN¥4.80B | CN¥4.32B | CN¥835M | CN¥1.91B | CN¥1.70B |
| Total debt | CN¥76.5B | CN¥78.8B | CN¥63.2B | CN¥61.7B | CN¥46.0B |
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| Measure | 600248.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -9.4% | -5.9% | 9th lowest of 21 |
| 6-month return | -25.3% | -14.7% | 4th lowest of 21 |
| Distance from 52-week high | -34.8% | -31.1% | 9th lowest of 21 |
| Revenue growth (TTM) | -24.7% | +8.0% | lowest of 21 |
| Operating margin | 0.3% | 6.3% | 3rd lowest of 21 |
| Forward P/E | 2.7× | 13.8× | cheapest of 15 |
| ROIC minus cost of capital | -4.2 pp | +0.1 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Shaanxi Construction Engineering 600248.SS | China | $1.45B | -25% | -25% | 0% | 2.7× | n/a | n/a |
| Hongrun Construction 002062.SZ | China | $1.45B | -11% | -12% | 7% | 31.6× | 5.6% | -12.6% |
| SRG Global SRG.AX | Australia | $1.46B | +7% | +27% | 7% | 22.1× | 16.4% | +24.1% |
| Jiangxi Ganyue Expressway 600269.SS | China | $1.44B | -7% | +3% | 28% | n/a | -11.6% | +4.4% |
| Zhejiang Construction Investment 002761.SZ | China | $1.42B | -14% | -12% | 0% | n/a | 13.0% | +0.4% |
| Beijing Gehua CATV Network 600037.SS | China | $1.40B | -16% | +24% | -5% | 39.4× | n/a | n/a |
| Ruentex Engineering & Construction 2597.TW | Taiwan | $1.50B | +5% | +20% | 14% | n/a | -5.0% | +16.8% |
| Dl E&c 375500.KS | South Korea | $1.53B | -48% | -17% | 4% | 5.2× | -8.3% | -5.3% |
| Kepco Kps 051600.KS | South Korea | $1.37B | -34% | +6% | 9% | 12.6× | -6.1% | +3.9% |
| Farglory Land Development 5522.TW | Taiwan | $1.34B | -18% | +164% | 26% | 7.7× | -13.6% | +3.0% |
| Zhejiang Youpon Integrated Ceiling 002718.SZ | China | $1.58B | +12% | -18% | -5% | n/a | n/a | n/a |
| China CAMC Engineering 002051.SZ | China | $1.58B | -15% | +14% | 5% | 40.3× | n/a | n/a |
| VA Tech Wabag WABAG.NS | India | $1.32B | +33% | +20% | 11% | 27.1× | 34.6% | +6.8% |
| MIRAIT ONE 1417.T | Japan | $1.60B | -24% | +5% | 6% | 10.4× | -5.7% | +5.4% |
| Zhejiang Communications Technology 002061.SZ | China | $1.30B | -15% | -12% | 3% | 8.0× | -6.5% | +4.8% |
| Taiwan Cogeneration 8926.TW | Taiwan | $1.30B | +9% | +324% | 8% | n/a | n/a | n/a |
| Kumagai Gumi 1861.T | Japan | $1.30B | -20% | -4% | 6% | 9.0× | -9.2% | +1.6% |
| Implenia IMPN.SW | Switzerland | $1.61B | +12% | -8% | 2% | 15.0× | 6.0% | -2.7% |
| Lloyds Engineering Works LLOYDSENGG.NS | India | $1.29B | +36% | +83% | 11% | n/a | n/a | n/a |
| Shenzhen Urban Transport Technology 301091.SZ | China | $1.29B | -23% | +17% | 2% | 79.8× | n/a | n/a |
| Nippon Densetsu Kogyo 1950.T | Japan | $1.29B | -30% | +10% | 12% | 9.9× | -0.1% | +3.2% |