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Employees: 9,713
Size Chongqing Construction Engineering (600939.SS) is a China Consumer Discretionary company (Homebuilding) with a market value of $773M, the 2848th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥2.71 on 6 Nov 2026.
Performance Over six months the shares fell 11.2%, against -11.2% for the median peer and -16.4% for the China market (cap-weighted) — 11th highest of 21 in its peer set.
Growth Revenue fell 28.1% over the last twelve months (peer median +9.7%); the operating margin is -3.5% (peer median 5.9%).
Valuation It trades at 1.1× enterprise value to sales against a peer median of 1.1× (11th cheapest of 21).
Price implies For today's price to make sense, revenue must grow about -8% a year for seven years (Req g). Recent delivered growth is -17%, so the hurdle is +9 pp: the price needs faster growth than the company has been delivering — of companies that just grew 25–50% a year, 93.8% slowed down over the next four years.
Capital Return on invested capital runs 6.6 points below its cost of capital (5.0% WACC).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥18.4B | CN¥22.1B | CN¥27.2B | CN¥44.6B | CN¥49.2B |
| Revenue growth | — | -19% | -39% | -9% | — |
| Gross profit | CN¥892M | CN¥957M | CN¥1.51B | CN¥2.35B | CN¥2.21B |
| EBITDA | n/a | -CN¥219M | CN¥358M | CN¥969M | CN¥974M |
| Net income | -CN¥1.17B | -CN¥1.20B | -CN¥436M | CN¥37.6M | CN¥151M |
| Free cash flow | CN¥1.67B | CN¥639M | CN¥244M | CN¥96.1M | CN¥971M |
| Capital expenditure | CN¥86.2M | CN¥86.9M | CN¥130M | CN¥193M | CN¥285M |
| Total debt | CN¥19.0B | CN¥20.1B | CN¥22.1B | CN¥20.7B | CN¥19.9B |
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.
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 | 600939.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.6% | -0.2% | 7th highest of 21 |
| 6-month return | -11.2% | -11.2% | 11th highest of 21 |
| Distance from 52-week high | -43.7% | -30.6% | 5th lowest of 21 |
| Revenue growth (TTM) | -28.1% | +9.7% | lowest of 21 |
| Operating margin | -3.5% | 5.9% | 3rd lowest of 21 |
| EV / Sales | 1.1× | 1.1× | 11th cheapest of 21 |
| Growth the price implies (Req g, 7 yrs) | -7.9% | -8.1% | 7th most demanding of 15 |
| Growth delivered (Del g) | -16.8% | +3.0% | 2nd lowest of 15 |
| Hurdle (Req g minus delivered) | +8.9 pp | -9.3 pp | 4th most demanding of 15 |
| ROIC minus cost of capital | -6.6 pp | +1.2 pp | 4th lowest of 21 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | EV / Sales | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| Chongqing Construction Engineering 600939.SS | China | $773M | -11% | -28% | -4% | 1.1× | -7.9% | -16.8% |
| Tokyu Construction 1720.T | Japan | $774M | -21% | +11% | 5% | 0.2× | -13.6% | +8.1% |
| Takamatsu Construction 1762.T | Japan | $769M | +16% | +6% | 6% | 0.3× | n/a | n/a |
| Cathay Real Estate Development 2501.TW | Taiwan | $719M | -9% | +14% | 19% | 0.8× | -20.7% | +11.7% |
| Run Long Construction 1808.TW | Taiwan | $844M | +10% | +741% | 25% | 2.5× | -12.0% | -3.2% |
| Legacy Housing LEGH | United States | $694M | +25% | -3% | 33% | 3.7× | 3.5% | -1.4% |
| Shanghai Tongji Science & Technology Industrial 600846.SS | China | $870M | -27% | +51% | 3% | 1.0× | 7.8% | -6.8% |
| Dexterra DXT.TO | Canada | $876M | +59% | +9% | 6% | 1.3× | 5.1% | +17.2% |
| Atal 1AT.WA | Poland | $668M | -5% | +40% | 26% | 2.6× | -3.9% | +1.8% |
| Huaku Development 2548.TW | Taiwan | $928M | -21% | +331% | 22% | 1.4× | -18.6% | +10.0% |
| Shenzhen Centralcon Investment 000042.SZ | China | $637M | -34% | +116% | 14% | 1.0× | -14.2% | -24.7% |
| Kindom Development 2520.TW | Taiwan | $600M | +15% | +10% | 16% | 1.1× | -13.2% | -3.5% |
| Hovnanian Enterprises HOV | United States | $594M | -6% | -10% | 3% | 0.5× | 4.8% | +4.9% |
| Black Diamond BDI.TO | Canada | $1.02B | +25% | +26% | 12% | 3.2× | n/a | n/a |
| LGI Homes LGIH | United States | $1.06B | -2% | -2% | 4% | 1.4× | 18.3% | -6.4% |
| Dream Finders Homes DFH | United States | $1.12B | -13% | -11% | 3% | 0.7× | n/a | n/a |
| Vistry VTY.L | United Kingdom | $1.12B | -19% | -8% | -9% | 0.4× | n/a | n/a |
| China Wuyi 000797.SZ | China | $517M | -24% | +78% | -5% | 1.3× | -8.0% | +4.2% |
| CEVIA Enviro 000885.SZ | China | $1.16B | -14% | -2% | 27% | 3.6× | -8.3% | +14.0% |
| Okumura 1833.T | Japan | $1.19B | -17% | 0% | 5% | 0.8× | n/a | n/a |
| Smith Douglas Homes SDHC | United States | $499M | -25% | 0% | 3% | 0.9× | n/a | n/a |