China Communications Construction Company Limited (CCCC) has released a voluntary evaluation of its “Improving Quality, Increasing Efficiency and Enhancing Returns” Action Plan for the first half of 2026, outlining solid operational progress, stronger overseas momentum and enhanced governance.
CCCC generated RMB333.16 billion in revenue during the period, achieving 43% of its full-year target. New contract value reached RMB902.95 billion, or 47% of the annual goal. Overseas operations were the standout contributor: contract value climbed 20.61% year on year to RMB241.68 billion, while revenue rose 30.53% to RMB88.94 billion, helping counter softer domestic infrastructure demand.
Operationally, the group secured or advanced several flagship projects. Domestically, it won bids for the Qingyuan-Zhuhai Expressway, G95 Capital Region Ring Expressway and G3033 Expressway, and delivered milestones such as full-line water flow on the Pinglu Canal and commissioning of the Shanghai offshore wind-powered undersea data centre. Internationally, key Belt and Road projects—including Malaysia’s East Coast Rail Link, Sri Lanka’s Colombo Port City and Colombia’s Bogotá Metro Line 1—made steady headway.
Cost discipline and asset optimisation featured prominently. CCCC launched an AI-enabled bidding and procurement platform and issued new asset management measures that underpin an RMB99.00 billion asset-securitisation programme. Operating net cash outflows were cut by RMB16.44 billion year on year, while the average financing cost of interest-bearing liabilities fell 24 basis points after liability-management initiatives.
Governance enhancements included completion of board re-election—adding an employee director and a female director—alongside upgrades to committee mandates and a reinforced “1+2+8+47” overseas compliance system. The connected-transaction platform was fully digitalised, and no violations were recorded in the half.
Information disclosure remained a priority: CCCC secured its 12th consecutive Class A rating from the Shanghai Stock Exchange and will align A- and H-share reports under PRC Accounting Standards from the 2026 interim period to streamline reporting and reduce compliance risk.
Shareholder returns were underscored by an FY2025 cash dividend of RMB3.17 billion, reflecting a 2.5% yield. Since 2025, CCCC and parent company CCCG have jointly executed share repurchases and shareholding increases totalling RMB751 million, with repurchased shares fully cancelled.
On sustainability, CCCC achieved a “Five Star Excellence” rating in its 2025 ESG Report and saw its MSCI ESG score upgraded to BBB. Initiatives include a “Zero-carbon Economy” plan, 22 cross-sector demonstration projects, 47 “Beautiful Transport” cases and issuance of the port-machinery industry’s first green bond.
Key challenges persist: domestic road, bridge and municipal revenues are under pressure; emerging businesses are yet to reach scale; asset revitalisation and receivables collection lag; and the A+H share valuation remains muted. Management plans to reinforce core infrastructure segments, accelerate “Eight-Network Integration” and new-energy ventures, restructure subsidiaries, intensify asset-revitalisation and receivables recovery, and further elevate risk controls and investor-relations engagement.
CCCC will continue to disclose progress on its action plan in line with regulatory requirements and cautions investors that forward-looking statements are not guarantees of future performance.