China Railway Construction posts RMB 878.16 billion in H1 2026 new contracts; Q2 slips 17% but overseas orders grow

Bulletin Express08-04

China Railway Construction Corporation Limited reported newly-signed contracts totaling RMB 878.16 billion for January–June 2026, down 16.85% year on year. In the second quarter alone, contract value reached RMB 520.25 billion, a 17% decline versus the same period of 2025.

Segment performance for the first half showed uneven trends. Core construction operations remained the main driver at RMB 650.65 billion, but contracted by 17.48% year on year. Environmental protection orders fell 11.17% to RMB 95.38 billion, planning, design & consultancy slipped 24.93% to RMB 7.56 billion, and real-estate development dropped 25.95% to RMB 27.24 billion. Materials & logistics decreased 20.07% to RMB 68.27 billion, while industrial finance edged down 11.00% to RMB 3.59 billion.

Two segments recorded growth. Manufacturing operations rose 8.59% to RMB 17.61 billion, and emerging industries maintained momentum with a marginal 0.11% increase to RMB 7.87 billion.

Regionally, domestic contracts amounted to RMB 754.66 billion, a 19.89% year-on-year decline, reflecting softer demand at home. Conversely, overseas markets delivered RMB 123.50 billion in new orders, up 8.24%, partially offsetting domestic weakness and lifting the international share of total bookings to 14.1%.

The company reported no material projects signed but not yet implemented as of 30 June 2026.

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