China Communications Construction Co Class H (HK:1800)
:1800
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China Communications Construction Co
(1800)
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Rating:53Neutral
Price Target:
HK$4.50
Action:ReiteratedDate:04/10/26
The score is held back primarily by weakening financial performance—especially persistently negative free cash flow, negative operating cash flow in 2025, and rising leverage—along with bearish technical signals (below key moving averages and negative MACD). These risks are partially offset by an attractive valuation (very low P/E and high dividend yield).
Positive Factors
Diversified infrastructure portfolio
A broad set of engineering and construction capabilities across ports, roads, bridges, rail and water creates durable demand exposure to multiple government-led capex programs. Diversification across transport and municipal sectors reduces revenue concentration risk and supports steady long-term project pipelines.
Negative Factors
Consistently negative free cash flow
Persistent negative free cash flow and recent operating cash outflows undermine internal funding for capex, working capital and project guarantees. This forces reliance on external financing, raising refinancing and liquidity risk, and constrains strategic investment or concession funding over the medium term.
Read all positive and negative factors
Positive Factors
Negative Factors
Diversified infrastructure portfolio
A broad set of engineering and construction capabilities across ports, roads, bridges, rail and water creates durable demand exposure to multiple government-led capex programs. Diversification across transport and municipal sectors reduces revenue concentration risk and supports steady long-term project pipelines.
Read all positive factors
China Communications Construction Co (1800) vs. iShares MSCI Hong Kong ETF (EWH)
Market Cap
HK$114.72B
Dividend Yield6.36%
Average Volume (3M)11.05M
Price to Earnings (P/E)5.1
Beta (1Y)0.69
Revenue Growth-5.33%
EPS Growth-38.33%
CountryHK
Employees137,471
SectorIndustrials
Sector Strength72
IndustryEngineering & Construction
Share Statistics
EPS (TTM)0.28
Shares Outstanding4,418,476,000
10 Day Avg. Volume13,215,502
30 Day Avg. Volume11,049,325
Financial Highlights & Ratios
PEG Ratio-0.13
Price to Book (P/B)0.25
Price to Sales (P/S)0.10
P/FCF Ratio-4.30
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)0.93
Revenue Forecast (FY)HK$758.48B
China Communications Construction Co Business Overview & Revenue Model
Company Description
China Communications Construction Company Limited, together with its subsidiaries, engages in the infrastructure construction, design, and dredging businesses. The company is involved in the construction of various infrastructure projects, includi...
How the Company Makes Money
The company primarily makes money by delivering large-scale infrastructure projects and recognizing revenue from engineering and contracting services. Key revenue streams typically include: (1) Engineering, procurement and construction (EPC) / con...
China Communications Construction Co Financial Statement Overview
Summary
Income Statement
58
Neutral
Balance Sheet
46
Neutral
Cash Flow
34
Negative
| Breakdown | Dec 2025 | Dec 2024 | Dec 2023 | Dec 2022 | Dec 2021 |
|---|---|---|---|---|---|
Income Statement | |||||
| Total Revenue | 707.83B | 768.24B | 755.65B | 720.27B | 685.64B |
| Gross Profit | 78.47B | 92.60B | 94.53B | 85.28B | 85.85B |
| EBITDA | 40.29B | 50.34B | 72.40B | 66.89B | 58.52B |
| Net Income | 14.61B | 23.85B | 24.73B | 20.23B | 17.99B |
Balance Sheet | |||||
| Total Assets | 2.02T | 1.86T | 1.68T | 1.51T | 1.39T |
| Cash, Cash Equivalents and Short-Term Investments | 151.75B | 137.19B | 114.65B | 109.18B | 106.50B |
| Total Debt | 717.93B | 614.40B | 529.40B | 471.51B | 428.14B |
| Total Liabilities | 1.55T | 1.39T | 1.23T | 1.09T | 999.48B |
| Stockholders Equity | 294.78B | 313.43B | 301.73B | 281.98B | 260.35B |
Cash Flow | |||||
| Free Cash Flow | -17.22B | -1.63B | -26.85B | -33.59B | -49.60B |
| Operating Cash Flow | -3.72B | 12.51B | 12.07B | 442.29M | -12.64B |
| Investing Cash Flow | -51.16B | -29.62B | -55.88B | -46.68B | -52.82B |
| Financing Cash Flow | 63.86B | 41.64B | 50.33B | 52.86B | 42.20B |
China Communications Construction Co Technical Analysis
―
Price Trends
Market Momentum
Evaluating momentum and price trends is crucial in stock analysis to make informed investment decisions. For HK:1800, 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:1800.
China Communications Construction Co Peers Comparison
UnderperformOutperform
Sector (63)
Name | Overall Rating | Market Cap | P/E Ratio | ROE | Dividend Yield | Revenue Growth | EPS Growth |
|---|---|---|---|---|---|---|---|
66 Neutral | HK$47.91B | 4.99 | 11.89% | 6.69% | -5.48% | -4.24% | |
63 Neutral | $10.79B | 15.43 | 7.44% | 2.01% | 2.89% | -14.66% | |
63 Neutral | HK$27.64B | 17.27 | 5.62% | 5.31% | 9.27% | -27.28% | |
57 Neutral | HK$81.57B | 8.64 | 5.22% | 3.90% | 5.40% | -33.06% | |
57 Neutral | HK$64.50B | 4.48 | 0.95% | 3.21% | -17.50% | -75.50% | |
53 Neutral | HK$114.72B | 5.07 | 7.18% | 6.36% | -5.33% | -38.33% | |
52 Neutral | HK$19.50B | 22.20 | 6.68% | ― | -3.56% | 49.92% |
* Industrials Sector Average
HK:1800
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China Communications Construction Co Corporate Events
China Communications Construction Unlocks First Tranche of 2022 Incentive Shares
Apr 7, 2026
China Communications Construction Company Limited has announced the first unlocking and listing of restricted shares granted under its 2022 Restricted Share Incentive Scheme. A total of 5,293,800 equity incentive shares, subscribed for offline, wi...
China Communications Construction Sets 2025 Asset Impairment at RMB 9.38 Billion
Mar 30, 2026
China Communications Construction Company Limited has approved its 2025 plan for asset impairment provisions, aiming to present a prudent and accurate picture of its financial position and operating results. The board endorsed the move after condu...
China Communications Construction Plans Auditor Switch to KPMG Under Rotation Rules
Mar 30, 2026
China Communications Construction Company Limited has proposed appointing KPMG as its international auditor and KPMG Huazhen LLP as its domestic auditor for the 2026 financial year, replacing Ernst Young and Ernst Young Hua Ming LLP. The board&#...
China Communications Construction Hit by Profit Decline but Backlog Remains Robust
Mar 30, 2026
China Communications Construction Company Limited, a major state-owned infrastructure and construction group under CCCG, operates extensive transportation and engineering businesses in China and abroad. The company has helped elevate CCCG’s ...
China Communications Construction Proposes 2025 Final Dividend Payout
Mar 30, 2026
China Communications Construction Company Limited has proposed a final ordinary cash dividend of RMB 0.07729 per share for the financial year ended 31 December 2025, equivalent to HKD 0.08745 per share based on an exchange rate of RMB 1 to HKD 1.1...
China Communications Construction Advances First Unlocking of Reserved Shares Under 2022 Incentive Scheme
Mar 18, 2026
China Communications Construction Company Limited has approved the first batch of unlocking of reserved shares under its 2022 Restricted Share Incentive Scheme, following a board meeting held on 18 March 2026. The move concerns a reserved grant of...
China Communications Construction Schedules Board Meeting on 2025 Results and Dividend
Mar 18, 2026
China Communications Construction Company Limited has scheduled a board meeting for 30 March 2026 to review and approve the annual results for the financial year ended 31 December 2025. The board will also consider the recommendation and payment o...
China Communications Construction posts stable 2025 contract growth with overseas and port gains
Feb 12, 2026
China Communications Construction Company Limited reported that the value of its new contracts in 2025 reached RMB1.88 trillion, a marginal increase of 0.13% year on year and representing 93% of its annual target based on the board-approved 2024 c...
CCCC Confirms Board and Management Line-Up at January 2026 Extraordinary General Meeting
Jan 30, 2026
China Communications Construction Company Limited held an extraordinary general meeting (EGM) in Beijing on 30 January 2026, in compliance with PRC Company Law and its Articles of Association, to vote on a wide-ranging slate of corporate governanc...
China Communications Construction Updates Board and Committee Structure
Jan 30, 2026
China Communications Construction Company Limited has announced the current composition of its board of directors, led by executive director and chairman Song Hailiang and president and executive director Zhang Bingnan, and including executive, no...
China Communications Construction Announces Resignation of Vice President Sun Liqiang
Jan 21, 2026
China Communications Construction Company Limited announced that vice president Sun Liqiang has resigned from his position effective 21 January 2026 due to a change in work arrangement. The company emphasized that Sun has no disagreement with the ...
China Communications Construction Sets January 2026 EGM to Reshape Board
Jan 13, 2026
China Communications Construction Company Limited has convened an extraordinary general meeting for 30 January 2026 in Beijing to vote on a slate of board appointments and reappointments, covering executive, non-executive and independent non-execu...
China Communications Construction Proposes New Board Line-up for Sixth Session
Jan 12, 2026
China Communications Construction Company Limited has proposed the re-election and election of a new slate of directors for its sixth session board, following the expiry of the current board’s term in line with its articles of association. A...
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.