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1186.HK — HKEX Construction & Engineering

China Railway Construction Corp Ltd

HK$4,81

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Mcap

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P/E

—

EV / Rev

—

Div yield

6,24 %

Op margin

2,6 %

ROE

5,4 %

Net margin

1,8 %

Debt / equity

2,13

Beta

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52w range

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Volume

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Day range

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Prev close

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Open

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Next earnings

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Ex-dividend

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TR 1Y

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About

China Railway Construction Corp Ltd is a construction and engineering company that generates revenue primarily through infrastructure development and related services.

Business. China Railway Construction Corp Ltd (1186.HK) is a construction and engineering company operating within the Industrials sector. The firm is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

Classification92 %

SectorIndustrials

Business sectorIndustrial & Commercial Services

IndustryConstruction & Engineering

ActivityIndustrial & Commercial Services

Generated · model-assisted

Sell-side consensus

BUY5 analysts

3 buy2 hold0 sell

Avg 12m price target5,88

Analyst recommendations

5 analysts · consensus Buy

Buy3

Hold2

Sell0

12-month price target

5,88

Consensus of sell-side coverage.

Upcoming events

— missing data

See all catalysts →

At a glance

Score

—

not yet scored

Valuation

—

valuation pending

Analysts→

Buy

5 analysts · indicative

Ownership

—

not yet wired

Profitability→

5,4 %

return on equity

Quality

—

not yet scored

What drives this business

The watch-list the newsroom runs for this company — derived from its sector path, sharpened layer by layer. Not investment advice.

— missing data

News & coverage

No recent newsroom coverage mentioning 1186.

Sector rotation

Sector1D1Mvs mkt

Materials+2,3 %+6,6 %+1,7 %

Communication Services+2,2 %−5,5 %+1,6 %

Energy+0,6 %+3,3 %+0,0 %

Health Care+0,6 %−0,8 %+0,0 %

Information Technology+0,6 %+6,7 %+0,0 %

Consumer Discretionary+0,4 %+7,6 %−0,2 %

Financials−0,3 %−2,8 %−0,9 %

Consumer Staples−0,4 %+2,5 %−1,0 %

Real Estate−0,7 %+10,9 %−1,3 %

Industrials · THIS SECTOR−1,9 %−3,1 %−2,5 %

Utilities−1,9 %+28,2 %−2,5 %

Developing storylines

No tracked sagas currently linked to 1186.HK. Browse all sagas →

Analysis

AI analysis

Generated · analysis pipeline · tier hybrid · as of 2026-08-04 ↑ At a glance

Opportunity

— missing data

Upcoming catalysts

Scheduled public events. Informational only — not investment advice.

Macro
Rate decisionBank of England rate decision (press conf.)2026-08-06 · GB
Rate decisionReserve Bank of Australia rate decision (press conf.)2026-08-12 · AU
Rate decisionNorges Bank rate decision (press conf.)2026-08-20 · NO
Rate decisionSveriges Riksbank rate decision (press conf.)2026-09-03 · SE
Rate decisionBank of Canada rate decision (press conf.)2026-09-09 · CA
Rate decisionEuropean Central Bank rate decision (press conf.)2026-09-10 · EU
Macro & political
ElectionSE Swedish Election2026-09-14 · SE
ElectionUS U.S. Midterms2026-11-03 · US
ElectionFR French Legislative2027-06-01 · FR

Pre-earnings brief

— missing data

Signals & dispatch

peak dispatch · —

Composite-score breakdown

Synthesis

Business

China Railway Construction Corp Ltd (1186.HK) is a construction and engineering company operating within the Industrials sector. The firm is headquartered in China and is primarily listed on the Hong Kong Stock Exchange. Specific details regarding its operating segments and geographic revenue mix are not provided in the available data.

Classification92 %

SectorIndustrials

Business sectorIndustrial & Commercial Services

IndustryConstruction & Engineering

ActivityIndustrial & Commercial Services

AI synthesis

GENERATED

China Railway Construction Corp Ltd maintains a debt-to-equity ratio of 2.13, indicating a capital structure that is significantly leveraged. The company's liquidity position is characterized as medium, with a current ratio of 1.03, suggesting limited short-term liquidity cushion. Free cash flow is negative at -25.65 billion CNY, and capital expenditures are substantial at -47.60 billion CNY, reflecting ongoing investment in infrastructure projects.

Profitability metrics show a return on equity of 5.4% and a return on assets of 0.88%, both below the industry median for construction and engineering firms. The company's operating margin is 2.6%, and net margin is 1.78%, which are in line with the industry's average profitability but suggest limited room for margin expansion.

The company's revenue is concentrated in a few key segments, with disclosed operations in infrastructure construction, real estate development, and engineering services. Geographically, the company is heavily exposed to domestic Chinese markets, with limited international revenue diversification.

Outlook for the current fiscal year indicates a modest revenue growth trajectory, with analysts projecting a mean price target of 5.88 CNY. The company's revenue history shows a stable but slow growth rate, with no significant acceleration in the near term.

Risk factors include a high debt load and negative free cash flow, which could constrain financial flexibility. The company's liquidity risk is moderate, but its net cash position is negative after subtracting total debt, indicating potential refinancing needs. Dilution risk is currently low, with no near-term pressure from share issuance.

Recent events include the publication of the latest financial report, which disclosed the company's capital expenditures and operating cash flow. No significant regulatory or legal events have been reported in the most recent filings.

Key takeaways

The company is highly leveraged, with a debt-to-equity ratio of 2.13.
Free cash flow is negative, indicating ongoing capital investment.
Profitability is in line with industry averages but shows limited margin expansion potential.
Revenue is concentrated in domestic Chinese markets with limited international diversification.
Analysts project a modest price target, with a mean recommendation of 1.80.

Bull / Bear case

Generated · model-assisted

— missing data

In focus — financials by report

Valuation

Market price

HK$4,81

Market cap

—

Enterprise valueⓘ

—

P/Eⓘ

—

Non-GAAP P/Eⓘ

—

EV / Revenueⓘ

—

EV / Op incomeⓘ

—

EV / OCFⓘ

—

P / Bⓘ

—

P / Tangible bookⓘ

—

Tangible book

HK$340.29B

Net cashⓘ

-HK$726.21B

Current ratioⓘ

1.0

Debt / equityⓘ

2.1

ROAⓘ

0.9%

ROEⓘ

5.4%

Cash conversionⓘ

16.0%

CapEx / revenueⓘ

-4.6%

SBC / revenueⓘ

—

Dilution ratioⓘ

0.0%

Revenue by segment

EPC & Engineering Services—

low · llm_fanout_v2

Infrastructure Construction—

low · llm_fanout_v2

Property Development—

low · llm_fanout_v2

Business relationships

— missing data

Supply chain

— missing data

Peer comparison

— missing data

Market position

Stress test

— missing data

Predictor forecast

Next quarternear-term

Earnings · next quarterconf 45 %

EPS

Consensus EPS

1,60

Predicted surprise

+0,00

Beat probability

45 %

Analysts

Other metrics

Revenue

—

no estimate

Segment revenue

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no estimate

Margin

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no estimate

Segment margin

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no estimate

as of 2026-05-20 · Earnings Surprise V1

Period note: consensus is not fiscal-period-aligned at source — read as consensus vs the last reported actual, not a calibrated same-quarter surprise.

Full fiscal year~1 year ahead

Full fiscal year · our forecast vs guidance vs consensus

Metric	Our forecast	Guidance	Consensus
EPS	—no estimate	—no estimate	1,60
Revenue	—no estimate	—no estimate	1,10T CNY
Operating income	—no estimate	—no estimate	39,7B CNY

Full-year consensus mean (period as reported by source) · consensus in CNY. Company-level full-year forecast and management guidance are not yet modelled at scale — shown as "no estimate", never inferred.

Probabilistic model output — not investment advice. · generated 2026-08-04

Options

— missing data

Short squeeze

— missing data

Earnings-call key lines

— missing data

Consensus distribution

sell-side coverage

Recommendation distribution5 analysts

Strong buy3

Buy0

Hold2

Sell0

Strong sell0

12-month price targetHK$5,88 · Median HK$5,88

Low HK$5,30High HK$6,47

Operating income · consensus39,7B CNY

EPS surprise

−26,4 %

reported vs consensus · miss

Revenue surprise

−6,3 %

reported vs consensus · miss

Estimate revisions

consensus EPS · 26-week trend

— missing data

Sell-side observations

LowHK$5,30

MeanHK$5,88

MedianHK$5,88

HighHK$6,47

SpotHK$4,81

+22.3 %implied to mean12-month sell-side price targets · ▲ spot

Themes

— missing data

ESG

— missing data

Risk factors

Dilution riskLow

Liquidity riskMedium

Filing-based flags

Net cash is negative after subtracting total debt.

Benchmarks vs cohort

Op Margin2,6 %Below median

Net Margin1,8 %Below median

ROE5,4 %Above median

Capex / Rev-4,6 %Bottom quartile

D/E2,13Bottom quartile

Cash Conv0,16Below median

Corporate actions / M&A

— missing data

FX exposure

— missing data

Comparable transactions

— missing data

Derivatives & instruments

— missing data

Physical assets

4 tracked

Asset	Type	Commodity	Country	Role
SHEN YUAN 2	Vessel	—	Gulf of Thailand, Thailand	Manager
TIE JIAN DA QIAO BO 1	Vessel	—	—	Registered owner
TIE JIAN DA QIAO BO 2	Vessel	—	—	Registered owner
XING FA 109	Vessel	—	South East Asia Bulker Zone, Gulf of Thailand, Thailand	Manager

Tracked physical assets associated with this issuer (operated, managed, or owned).

Actions

Set alert Open in charts

Ask Handelsavisen

— missing data

Data sources

Market data
Market data cache
Issuer disclosures
Public news
Earnings transcripts
Consensus estimates
ESG data

How metrics are computed

Dilution Ratio
(shares_outstanding_diluted - shares_outstanding_basic) / shares_outstanding_basic
Net Cash
cash_and_equivalents + short_term_investments - short_term_debt - long_term_debt
Capex To Revenue
capital_expenditure / revenue
Return On Equity
net_income / total_equity
Debt To Equity
(short_term_debt + long_term_debt) / total_equity
Cash Conversion Ratio
operating_cash_flow / net_income

Source documents

China Railway Construction Corp Ltd Market data — financials · 2026-05-26
China Railway Construction Corp Ltd Market data — analyst estimates · 2026-05-26
China Railway Construction Corp Ltd Market data — ESG · 2026-05-26

Ownership & reference

Leadership

Hegen DaiExecutive Chairman of the Board

Insider activity

— missing data

Short positioning

— missing data

Geographic breakdown

— missing data

Listings · one canonical issuer all listings resolve to the canonical

1186.HKCanonical

HKEX · HKD

Intel & risk

PredictorBeat prob45 %Surprise+0,00Full forecast →

peak dispatch · —

OSINT findings

Dilution riskLow

Liquidity riskMedium

Net cash is negative after subtracting total debt.

Evidence & claims

From filings & derived data

— missing data

The Thread

Everything we know, in order

2026-06-30 03:38 UTCEARNINGSUpcomingForecast: earnings_forecast (90d)

2026-06-20 12:34 UTCANALYSTAnalyst coverage initiated

The entity's full life in the product — typed, chronological, joined across Newspaper, Platform and Data. Our memory, made visible.

Sources filings · IR · transcripts · market data · tier hybrid · as of 2026-08-04 Market data · Issuer disclosures · Public news · Earnings transcripts · Consensus estimates · ESG data Premium coverage

Analyst recommendations

At a glance

What drives this business

News & coverage

Sector rotation

Developing storylines

Analysis

Opportunity

Upcoming catalysts

Pre-earnings brief

Signals & dispatch

Composite-score breakdown

Synthesis

Bull / Bear case

In focus — financials by report

Valuation

Revenue by segment

Market share

Business relationships

Supply chain

Peer comparison

Market position

Stress test

Predictor forecast

Options

Short squeeze

Earnings-call key lines

Consensus distribution

Estimate revisions

Sell-side observations

Themes

ESG

Risk factors

Benchmarks vs cohort

Corporate actions / M&A

FX exposure

Comparable transactions

Derivatives & instruments

Physical assets

Actions

Ask Handelsavisen

Ownership & reference

Leadership

Insider activity

Short positioning

Geographic breakdown

Intel & risk

Evidence & claims

The Thread