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China Railway Construction
(1186)
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Rating:53Neutral
Price Target:
HK$5.00
Action:Reiterated
Date:05/01/26
The score is held back primarily by weak cash generation and sharply rising leverage, alongside modestly declining revenue and thin margins. Technicals also remain bearish with the stock below key moving averages. These risks are partly offset by an inexpensive valuation (low P/E) and an attractive dividend yield.
Positive Factors
Large-scale infrastructure specialist
Operating as a large, specialized infrastructure contractor provides durable scale advantages: ability to mobilize resources, execute complex rail and urban projects, and compete for major public contracts. Scale supports long-term project wins and entrenched operational capabilities.
Negative Factors
Sharply rising leverage
Debt-to-equity near 2.9 represents materially higher financial risk and reduces balance-sheet flexibility. Elevated leverage increases interest burden and refinancing risk, constraining capacity to absorb project delays or cost overruns and limiting strategic options.
Read all positive and negative factors
Positive Factors
Negative Factors
Large-scale infrastructure specialist
Operating as a large, specialized infrastructure contractor provides durable scale advantages: ability to mobilize resources, execute complex rail and urban projects, and compete for major public contracts. Scale supports long-term project wins and entrenched operational capabilities.
Read all positive factors
China Railway Construction (1186) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$91.17B
Dividend Yield5.92%
Average Volume (3M)5.78M
Price to Earnings (P/E)4.8
Beta (1Y)0.81
Revenue Growth-2.50%
EPS Growth-10.45%
CountryHK
Employees264,045
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)1.23
Shares Outstanding2,076,296,000
10 Day Avg. Volume6,962,929
30 Day Avg. Volume5,777,466
Financial Highlights & Ratios
PEG Ratio-0.21
Price to Book (P/B)0.22
Price to Sales (P/S)0.07
P/FCF Ratio-1.68
Enterprise Value/Market CapN/A
Enterprise Value/RevenueN/A
Enterprise Value/Gross ProfitN/A
Enterprise Value/EbitdaN/A
Forecast
1Y Price TargetN/A
Price Target UpsideN/A
Rating ConsensusN/A
Number of Analyst Covering0
EPS Forecast (FY)1.32
Revenue Forecast (FY)HK$1.04T
China Railway Construction Business Overview & Revenue Model
Company Description
China Railway Construction Corporation Limited (CRCC), a subsidiary of China Railway Construction Corporation, operates as a comprehensive construction conglomerate with significant presence in Mainland China and internationally. Established in Be...
How the Company Makes Money
The company primarily makes money by contracting, constructing, and delivering large-scale infrastructure projects for clients (typically government bodies, state-owned entities, and project companies). Revenue is generally recognized from enginee...
China Railway Construction Financial Statement Overview
Summary
Income Statement
56
Neutral
Balance Sheet
45
Neutral
Cash Flow
32
Negative
| Breakdown | TTM | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|---|
Income Statement | ||||||
| Total Revenue | 1.00T | 1.03T | 1.07T | 1.14T | 1.10T | 1.02T |
| Gross Profit | 98.86B | 100.12B | 109.57B | 116.79B | 110.57B | 97.88B |
| EBITDA | 38.28B | 67.55B | 65.74B | 67.59B | 64.21B | 59.25B |
| Net Income | 18.74B | 18.36B | 22.22B | 26.10B | 26.68B | 24.69B |
Balance Sheet | ||||||
| Total Assets | 2.14T | 2.08T | 1.86T | 1.66T | 1.52T | 1.35T |
| Cash, Cash Equivalents and Short-Term Investments | 178.65B | 192.93B | 187.24B | 168.59B | 159.39B | 127.28B |
| Total Debt | 805.99B | 550.08B | 424.38B | 282.57B | 260.86B | 232.23B |
| Total Liabilities | 1.77T | 1.66T | 1.44T | 1.25T | 1.14T | 1.01T |
| Stockholders Equity | 277.00B | 340.29B | 328.25B | 309.84B | 290.48B | 268.79B |
Cash Flow | ||||||
| Free Cash Flow | -71.33B | -44.64B | -69.37B | -14.51B | 25.87B | -40.18B |
| Operating Cash Flow | -19.41B | 2.96B | -31.42B | 20.41B | 56.13B | -7.30B |
| Investing Cash Flow | -58.37B | -56.96B | -48.04B | -55.91B | -55.65B | -61.07B |
| Financing Cash Flow | 94.89B | 59.83B | 94.76B | 44.59B | 33.89B | 10.60B |
China Railway Construction Technical Analysis
―
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1186, the sentiment is undefined. The current price of undefined is equal to the 20-day moving average (MA) of ―, equal to the 50-day MA of ―, and equal to the 200-day MA of ―, indicating a neutral trend. The MACD of ― indicates undefined momentum. The RSI at ― is undefined, neither overbought nor oversold. The STOCH value of ― is undefined, not indicating any strong overbought or oversold conditions. Overall, these indicators collectively point to a undefined sentiment for HK:1186.
China Railway Construction Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$38.14B | 4.16 | 11.37% | 6.69% | -5.48% | -4.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$22.76B | 10.50 | 5.64% | 5.31% | 9.27% | -27.28% | |
57 Neutral | HK$73.70B | 20.15 | 4.96% | 3.90% | 5.40% | -33.06% | |
57 Neutral | HK$56.43B | 8,300.00 | 1.05% | 3.21% | -17.50% | -75.50% | |
53 Neutral | HK$91.17B | 4.79 | 5.70% | 5.92% | -2.50% | -10.45% | |
42 Neutral | HK$13.92B | 48.12 | 6.83% | ― | -3.56% | 49.92% |
* Industrials Sector Average
HK:1186
China Railway Construction
4.69
-0.50
-9.70%
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China State Construction International Holdings
7.22
-3.72
-33.99%
HK:3996
China Energy Engineering Corp. Ltd. Class H
1.09
0.05
4.31%
HK:1618
Metallurgical Corporation of China Ltd. Class H
1.40
-0.18
-11.17%
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SINOPEC Engineering (Group) Co., Ltd. Class H
5.18
-0.46
-8.09%
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China Aluminum International Engineering Corporation Limited Class H
1.86
-0.33
-15.07%
China Railway Construction Corporate Events
China Railway Construction Shareholders Strongly Back Board at 2025 AGM
Jun 26, 2026
China Railway Construction Corporation Limited reported the voting results of its 2025 annual general meeting held in Beijing on June 26, 2026, where shareholders participated through both on-site and internet voting. The meeting was chaired by ch...
China Railway Construction Updates Final 2025 Dividend Details and Tax Treatment
Jun 4, 2026
China Railway Construction Corporation Limited has updated its announcement on the final dividend for the financial year ended 31 December 2025, confirming a payout of RMB 0.3 per share subject to shareholder approval on 26 June 2026. The dividend...
CRCC Secures Landmark AED17.5 Billion Emirates Engineering Facility Project
May 18, 2026
China Railway Construction Corporation Limited has announced that its subsidiary, China Railway 18th Bureau Group, has secured a major overseas contract to build the Emirates New Engineering Facility at Dubai World Central Airport, valued at appro...
China Railway Construction Sees Sharp Fall in New Contracts in Q1 2026
Apr 29, 2026
China Railway Construction Corporation Limited reported its major operating data for the first quarter of 2026, highlighting activity across construction, environmental protection, planning and design, manufacturing, real estate, logistics, indust...
China Railway Construction Posts Strong Q1 2026 Revenue and Profit in Unaudited Results
Apr 29, 2026
China Railway Construction has reported its unaudited results for the first quarter ended 31 March 2026, prepared under PRC Generally Accepted Accounting Principles and in line with Chinese securities disclosure rules. The company generated revenu...
China Railway Construction Sets April Board Meeting to Review Q1 2026 Results
Apr 16, 2026
China Railway Construction Corporation Limited has scheduled a board meeting at its Beijing headquarters on 29 April 2026 to review and approve the unaudited financial results for the group’s first quarter ended 31 March 2026. The planned di...
Glossary
BuyA stock rated as a "Buy" is expected to perform better than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock is likely to deliver higher returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
HoldA stock rated as a "Hold" is expected to perform in line with the overall market or a specific benchmark. This rating indicates that the stock is neither particularly compelling nor unfavorable for investment. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
SellA stock rated as a "Sell" is expected to perform worse than the overall market or a specific benchmark over the near-to-medium term. This rating suggests the stock may deliver lower returns compared to other stocks in the same sector or market index. Note: This is not investment advice; please consult a financial advisor before making investment decisions.
Disclaimer
This AI Analyst Stock Report is automatically generated by our AI systems using advanced algorithms and publicly available financial, technical, and market data. While the information provided aims to be accurate and insightful, it is intended for informational purposes only and should not be considered financial advice. Any content created by an AI (Artificial Intelligence) system may contain inaccuracies and/or contain errors. Investing in stocks carries inherent risks, and past performance is not indicative of future results. This report does not account for your personal financial circumstances, objectives, or risk tolerance. Always conduct your own research or consult with a qualified financial advisor before making investment decisions. The analysis and recommendations provided are based on historical and current data and may not fully reflect future market conditions or unexpected developments. Neither the creators of this report nor its affiliated entities guarantee the accuracy, completeness, or reliability of the information presented. Use this report at your own discretion and risk.