Shares of China Aluminum International Engineering Corporation Limited (CHALIECO, 02068.HK) surged 6.46% in intraday trading on Thursday, as investors reacted positively to the company's recent announcements on contract growth, despite a decline in profit for the first three quarters of 2025.

CHALIECO recently disclosed that its total newly signed contracts for the first three quarters of 2025 reached RMB 21.46 billion, marking a significant 21.68% increase compared to the same period last year. Notably, the company's overseas contracts showed remarkable growth, surging by 115.91% year-on-year to RMB 5.02 billion. This substantial increase in international business appears to have boosted investor confidence in CHALIECO's growth prospects.

However, the company's financial results for the same period were less impressive. CHALIECO reported revenue of RMB 15.22 billion, representing a year-on-year decrease of 5.72%, while net profit attributable to shareholders declined by 52.68% to RMB 119 million. Despite these mixed results, the market seems to be focusing on the company's future potential, as evidenced by the growth in new contracts, particularly in the overseas segment. The stock's surge suggests that investors are optimistic about CHALIECO's ability to convert its growing contract backlog into improved financial performance in the coming quarters.