Shanghai Construction Group (600170): Won the bid for the procurement project of Pinghu City Highway Development and Construction Co., Ltd., with a bid amount of 285 million yuan.

NightAirdropper · 2026-03-28T15:14:09+00:00

Shanghai Construction Group wins the Pinghu City Highway Project with a bid amount of 285 million yuan. In 2024, operating revenue is expected to be 300.217 billion yuan, a decrease of 1.45% year-on-year, with a net profit of 2.168 billion yuan, up 39.15% year-on-year. In the first half of 2025, both operating revenue and net profit have declined.

NightAirdropper

2026-03-28 15:14:09

Abstract generation in progress

Tongbi Finance News reports that data from Qichacha shows that according to the announcement of the bid results for the reconstruction and expansion project of National Highway 228 from Dunshang Port to Lindai Section, Shanghai Construction Group Co., Ltd. announced on March 28, 2026, that it won the bid for the procurement project of Pinghu City Highway Development and Construction Co., Ltd., with a bid amount of 285 million yuan.

Related listed company: Shanghai Construction (600170.SH)

Tongbi Finance Tips:

Shanghai Construction (600170.SH) had an operating income of 300.217 billion yuan in 2024, with an operating income growth rate of -1.45%. The net profit attributable to the parent company was 2.168 billion yuan, with a net profit growth rate of 39.15%, and a return on equity of 5.21%.

In the first half of 2025, the company’s operating income was 105.042 billion yuan, with an operating income growth rate of -28.04%. The net profit attributable to the parent company was 710 million yuan, with a net profit growth rate of -14.07%.

The company is currently in the industrial sector, with main product types including civil construction and residential buildings. The 2024 financial report shows that the main composition of the business is construction, contracting, design, and construction: 90.46%; construction industry: 4.85%; engineering project management consulting and labor dispatching and other businesses: 1.85%; real estate development: 1.21%; urban infrastructure investment and construction: 0.6%; complete sets of equipment and other commodity trading: 0.51%; gold sales business: 0.36%; other businesses: 0.17%.

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