On September 8, Sichuan Road&Bridge Group Co.,Ltd. held its 2025 interim performance briefing, where company management engaged with investors regarding first-half results and future business plans and prospects. Company Party Secretary and Chairman Sun Licheng stated during the briefing that overlapping opportunities from national strategic hinterland development, the new era of western China development, and the Chengdu-Chongqing Economic Circle construction have established a solid foundation for the company's future growth.
Sichuan Road&Bridge Group is the first A-share listed company in Sichuan's transportation system, with main businesses covering the full industrial chain of infrastructure investment, design, construction, operation, and maintenance across "major civil engineering" sectors including highways, railways, housing construction, municipal works, and port and waterway projects.
In the first half of 2025, the company secured 218 new contract projects (including public bidding and investment-construction integrated projects) totaling approximately 72.2 billion yuan, representing a 22.2% year-on-year increase. This included 100 infrastructure projects worth 61.7 billion yuan, 46 housing construction projects worth 10.4 billion yuan, and 72 other category projects worth 90 million yuan.
Despite favorable order acquisition, Sichuan Road&Bridge Group's performance declined. Financial data showed the company achieved operating revenue of 43.536 billion yuan and net profit attributable to shareholders of 2.78 billion yuan in the first half, decreasing by 4.91% and 13% year-on-year respectively. The main factors behind the performance changes included limited large-scale commencement of newly awarded projects, insufficient project continuity, reduced total scale of ongoing projects, slower project construction progress, and the completion of asset deconsolidation for certain assets at the end of 2024 following strategic adjustments.
Regarding the company's plans to improve performance going forward, Vice General Manager and Board Secretary Wang Xueling outlined the strategy: "The company will seize opportunities and take proactive action. First, we will focus intensively on operations and strengthen reserves of quality project resources. We will prioritize tracking flagship projects and strive to secure influential public market projects with strong supporting roles. We will continue strengthening regional operations and coordinate operational resource elements. Second, we will focus intensively on production and accelerate major project construction. Third, we will focus intensively on management and consolidate the foundation for high-quality enterprise development."
Wang Xueling explained that the company will "firmly shoulder safety responsibilities" and conduct phased special governance work, strictly implement project management requirements, continuously standardize bidding and centralized procurement practices to promote cost savings and improve operational quality and efficiency.
Notably, Sichuan Road&Bridge Group has made new progress in overseas market expansion, successfully signing an affordable housing project in Kuwait during the first half and achieving project breakthroughs in new markets including Ethiopia and Malaysia. Chairman Sun Licheng noted that in recent years, following the implementation of the national Belt and Road Initiative, Sichuan Road&Bridge Group has continuously strengthened its "going global" efforts, with overseas operations now spanning over 20 countries and regions across Africa, Europe, Southeast Asia, and Oceania. The company plans to continue deepening its presence in advantageous regional markets and further enhance its overseas market share.
In terms of R&D innovation, Sichuan Road&Bridge Group has deepened cooperation with multiple renowned domestic universities, research institutions, and associations, establishing a "university theoretical support - enterprise practical verification" model for joint research initiatives to help overcome technical challenges and enhance innovation capabilities. In the first half of 2025, the company obtained 18 invention patents and 74 utility model patents, and received 2 provincial and ministerial-level scientific and technological progress awards and 4 provincial and ministerial-level innovation awards.
Vice Chairman and General Manager Yang Yong noted: "The company continues exploring intelligent and technology-driven construction. On the Chengnan Highway expansion project, we successfully utilized heavy-duty unmanned aircraft for lifting operations of highway traffic safety facility materials. The country's first 'unmanned' intelligent material warehouse for the steel bridge industry, jointly developed with Southwest Jiaotong University and Wuhan Gangdi Intelligent Technology Co., Ltd., has been officially put into operation. Going forward, the company will continue conducting technological R&D work focused on industry applications and accelerate the cultivation of new quality productive forces."
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