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One of the world's largest infrastructure construction conglomerates, building ports, roads, bridges and dredging projects globally.
One of the world's largest infrastructure construction conglomerates, building ports, roads, bridges and dredging projects globally.
Wins contracts by bid and books revenue as work proceeds, with infrastructure construction the bulk of it, plus design, dredging and heavy machinery such as port cranes through its subsidiary ZPMC.
In one line: China's Bechtel/AECOM (infrastructure construction).
Moat: narrow (scale, installed base, regulatory licence). Massive project scale and state backing support Belt and Road infrastructure wins globally.
Headquarters: Beijing, China · Founded: 2006
Size China Communications Construction (601800.SS) is a China Industrials company (Engineering & Construction) with a market value of $12.8B, the 189th largest of 4,839 China companies the cockpit tracks. Shares closed at CN¥6.20 on 6 Nov 2026.
Performance Over six months the shares fell 11.6%, 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 3.8% over the last twelve months (peer median +2.8%); the operating margin is 3.1% (peer median 6.4%).
Valuation It trades at 6.8× forward earnings against a peer median of 14.0× (3rd cheapest of 21).
Capital Return on invested capital runs 3.1 points below its cost of capital (5.0% WACC).
Next results Next results expected around 1 Apr 2027 (exchange calendar; dates can move).
| TTM | FY2025 | FY2024 | FY2023 | FY2022 | |
|---|---|---|---|---|---|
| Revenue | CN¥720B | CN¥730B | CN¥771B | CN¥758B | CN¥721B |
| Revenue growth | — | -5% | +2% | +5% | — |
| Gross profit | CN¥85.9B | CN¥80.5B | CN¥92.4B | CN¥93.0B | CN¥82.0B |
| EBITDA | n/a | CN¥44.1B | CN¥51.6B | CN¥51.2B | CN¥43.0B |
| Net income | CN¥10.9B | CN¥13.7B | CN¥22.1B | CN¥22.5B | CN¥17.7B |
| Free cash flow | -CN¥18.8B | -CN¥19.0B | -CN¥12.2B | -CN¥24.3B | -CN¥31.1B |
| Capital expenditure | CN¥36.8B | CN¥36.8B | CN¥27.3B | CN¥38.9B | CN¥34.2B |
| Total debt | CN¥856B | CN¥778B | CN¥670B | CN¥600B | CN¥551B |
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 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 |
| Vinci DG.PA | $69.8B | -12% | +4% | 12% | 12.2× | -1.5% |
| Aecom ACM | $8.59B | -17% | -4% | 5% | 11.0× | 7.3% |
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 | 601800.SS | Peer median | Rank in peer set |
|---|---|---|---|
| 1-month return | +2.5% | +2.7% | 11th highest of 21 |
| 6-month return | -11.6% | -17.6% | 8th highest of 21 |
| Distance from 52-week high | -31.3% | -28.1% | 10th lowest of 21 |
| Revenue growth (TTM) | -3.8% | +2.8% | 6th lowest of 21 |
| Operating margin | 3.1% | 6.4% | lowest of 21 |
| Forward P/E | 6.8× | 14.0× | 3rd cheapest of 21 |
| ROIC minus cost of capital | -3.1 pp | +1.7 pp | 3rd lowest 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 601800.SS | China | $12.8B | -12% | -4% | 3% | 6.8× | 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% |
| APi APG | United States | $17.5B | -7% | +16% | 7% | 20.7× | 27.8% | +17.1% |
| Saipem SPM.MI | Italy | $9.38B | -9% | +2% | 4% | 27.1× | 6.9% | +16.1% |
| 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% |