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One of China's biggest state construction contractors, building railways, roads, bridges and buildings nationwide and abroad.
One of China's biggest state construction contractors, building railways, roads, bridges and buildings nationwide and abroad.
Wins railway, highway and urban-transit contracts through bidding and books revenue as work progresses, so margins depend on cost control and customers' payment speed. Property development and equipment manufacturing run alongside the building work. The parent group is owned by the central government.
In one line: A Chinese AECOM/Fluor hybrid focused on rail and civil infrastructure.
Moat: narrow (scale, regulatory licence, installed base). State-backed scale and rail-construction qualifications few competitors match domestically.
Headquarters: Beijing, China · Founded: 2007 · Employees: 250,306
Size China Railway Construction (601186.SS) is a China Industrials company (Engineering & Construction) with a market value of $11.4B, the 218th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥5.99 on 6 Nov 2026.
Performance Over six months the shares fell 11.3%, against -17.6% for the median peer and -16.4% for the China market (cap-weighted) — 8th highest of 21 in its peer set.
Growth Revenue fell 9.3% over the last twelve months (peer median +4.6%); the operating margin is 3.6% (peer median 6.4%).
Valuation It trades at 4.9× forward earnings against a peer median of 12.3× (3rd cheapest of 21).
Capital Return on invested capital runs 1.6 points below its cost of capital (5.0% WACC).
Next results Next results expected around 26 Mar 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥941B | CN¥1.03T | CN¥1.07T | CN¥1.14T | CN¥1.10T |
| Revenue growth | — | -4% | -6% | +4% | — |
| Gross profit | CN¥113B | CN¥98.4B | CN¥108B | CN¥116B | CN¥109B |
| EBITDA | n/a | CN¥64.4B | CN¥65.9B | CN¥68.2B | CN¥65.7B |
| Net income | CN¥12.9B | CN¥16.0B | CN¥19.8B | CN¥23.5B | CN¥26.7B |
| Free cash flow | -CN¥51.4B | -CN¥40.9B | -CN¥67.3B | -CN¥12.0B | CN¥27.6B |
| Capital expenditure | CN¥49.2B | CN¥47.6B | CN¥37.9B | CN¥34.9B | CN¥30.3B |
| Total debt | CN¥893B | CN¥711B | CN¥562B | CN¥417B | CN¥376B |
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 Railway Construction 601186.SS | $11.4B | -11% | -9% | 4% | 4.9× | n/a |
| China Railway 601390.SS | $15.1B | -13% | -7% | 4% | 6.0× | n/a |
| Power Construction Corporation of China 601669.SS | $11.5B | -20% | -2% | 4% | 8.4× | n/a |
| China Communications Construction 601800.SS | $12.8B | -12% | -4% | 3% | 6.8× | n/a |
| China State Construction Engineering 601668.SS | $28.3B | -4% | -9% | n/a | 5.6× | n/a |
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 | 601186.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | -1.2% | -1.5% | 11th highest of 21 |
| 6-month return | -11.3% | -17.6% | 8th highest of 21 |
| Distance from 52-week high | -26.7% | -35.6% | 9th highest of 21 |
| Revenue growth (TTM) | -9.3% | +4.6% | lowest of 21 |
| Operating margin | 3.6% | 6.4% | lowest of 21 |
| Forward P/E | 4.9× | 12.3× | 3rd cheapest of 21 |
| ROIC minus cost of capital | -1.6 pp | +2.2 pp | 4th lowest of 20 |
| Company | Market | Market cap | 6M return | Revenue growth | Op. margin | Forward P/E | Req g | Delivered g |
|---|---|---|---|---|---|---|---|---|
| China Railway Construction 601186.SS | China | $11.4B | -11% | -9% | 4% | 4.9× | n/a | n/a |
| Sichuan Road & Bridge 600039.SS | China | $11.4B | +8% | +8% | 10% | 9.7× | -5.0% | +12.3% |
| Power Construction Corporation of China 601669.SS | China | $11.5B | -20% | -2% | 4% | 8.4× | n/a | n/a |
| Eiffage FGR.PA | France | $11.5B | -20% | +5% | 10% | 9.3× | -6.9% | +9.4% |
| Taisei 1801.T | Japan | $10.8B | -38% | +2% | 9% | 9.9× | 0.6% | +7.1% |
| Skanska SKA-B.ST | Sweden | $12.1B | +16% | -6% | 4% | 17.1× | 8.3% | +2.0% |
| Kajima 1812.T | Japan | $12.5B | -27% | +4% | 8% | 10.8× | -1.9% | +10.0% |
| Tetra Tech TTEK | United States | $10.3B | +33% | -8% | 12% | 24.0× | 8.3% | +12.7% |
| China Communications Construction 1800.HK | Hong Kong | $12.8B | -26% | -5% | 4% | 3.1× | n/a | n/a |
| Atkinsrealis ATRL.TO | Canada | $9.94B | -7% | +15% | 7% | 19.9× | 11.4% | +9.6% |
| Acciona ANA.MC | Spain | $13.4B | -16% | +8% | 6% | 19.8× | 8.2% | +25.6% |
| China Energy Engineering 601868.SS | China | $13.6B | -18% | -5% | 4% | 17.9× | n/a | n/a |
| Saipem SPM.MI | Italy | $9.38B | -9% | +2% | 4% | 27.1× | 6.9% | +16.1% |
| MasTec MTZ | United States | $14.0B | -58% | +26% | 5% | 15.0× | 21.6% | +17.7% |
| SamsungE&A 028050.KS | South Korea | $8.73B | +14% | +19% | 11% | 13.6× | -2.1% | +6.1% |
| China Railway 0390.HK | Hong Kong | $15.0B | -19% | -4% | 4% | 3.6× | n/a | n/a |
| 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% |
| JSW Infrastructure JSWINFRA.NS | India | $8.33B | +20% | +17% | 36% | 46.8× | n/a | n/a |
| Shimizu 1803.T | Japan | $8.30B | -35% | +6% | 6% | 7.8× | n/a | n/a |
| Sterling Infrastructure STRL | United States | $7.71B | -70% | +93% | 19% | 9.4× | 8.8% | +11.8% |