Construction Machinery: Net profit loss of 2.107 billion yuan in 2025

K-LinePoet

2026-03-30 03:57:27

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Construction Machinery released its earnings report, showing that for the fiscal year 2025, the company achieved a total operating revenue of 2.536 billion yuan, a decrease of 7% year-on-year; net profit was a loss of 2.107 billion yuan, compared to a loss of 988 million yuan in the same period last year. In 2025, the newly started construction area of domestic engineering projects continued to decline, and market demand remained weak. The delays in the commencement of signed projects have not shown significant improvement, resulting in low utilization rates for tower crane rental equipment and a continuous decline in equipment rental prices. Additionally, the company’s asset impairment test revealed significant impairments in the asset group of construction machinery rental business, including goodwill, and properties exchanged for construction. These factors led to a substantial loss in profits for the company in the fiscal year 2025.

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