CHINA STATE CON (03311.HK) shares plummeted 6.52% in Tuesday's trading session, as investors reacted to the company's latest financial report showing a decline in revenue for the third quarter of 2025. The stock price drop outpaced the earlier reported 5.73% decline, reaching HK$9.54 with a turnover of HK$40.20 million.

According to the company's financial report for the nine months ended September 30, 2025, CHINA STATE CON's revenue, including its share of joint ventures' revenue, fell to approximately RMB77.70 billion, representing a year-on-year decline of 4.69%. This drop in revenue appears to be the primary driver behind the stock's significant decline. However, the company did report a slight increase in unaudited operating net profit, which, including the share of joint ventures' profit, totaled around RMB11.92 billion, up 0.18% compared to the same period last year.

Despite the challenging revenue situation, CHINA STATE CON showed some positive indicators. The company secured new contracts worth approximately RMB128.01 billion during the reported period and maintained a robust outstanding order book of about RMB393.61 billion. Additionally, the share of joint ventures' revenue increased by 17.46% year-on-year to RMB2.68 billion. However, these positive aspects were not enough to offset investor concerns about the overall revenue decline, resulting in the sharp stock price drop during the trading session.