CHINA STATE CON (03311) shares plummeted 6.52% in pre-market trading on Tuesday, as investors reacted to the company's mixed third-quarter financial results. The significant drop comes after the construction giant reported a year-on-year revenue decline, despite a slight increase in operating profit.

According to the company's latest financial report, CHINA STATE CON's revenue for the nine months ended September 30, 2025, fell 4.69% year-on-year to approximately RMB77.70 billion. However, the share of joint ventures' revenue increased by 17.46% to RMB2.68 billion. The unaudited operating net profit, including the share of joint ventures' profit, showed a marginal improvement of 0.18% year-on-year, reaching around RMB11.92 billion.

Despite the challenging revenue environment, CHINA STATE CON managed to secure new contracts worth approximately RMB128.01 billion during the period. The company's outstanding order book stands at about RMB393.61 billion, providing some stability for future operations. However, the market's negative reaction suggests that investors may be concerned about the revenue decline and its potential impact on long-term growth prospects, overshadowing the slight profit increase and robust order book.