Ningbo Construction announced that in the second quarter of 2026, the company and its subsidiaries signed 415 new contracts with a total value of approximately 5.648 billion yuan, down 37.57% from the same period last year. As of June 2026, the cumulative number of new contracts signed this year reached 803, with a total value of about 6.706 billion yuan, a year-on-year decline of 52.80%. In the first quarter of 2026, the company achieved operating revenue of 5.008 billion yuan, down 18.94% year-on-year, and net profit attributable to shareholders of 185 million yuan, up 76.72% year-on-year. However, net profit attributable to shareholders after deducting non-recurring items was 40.0175 million yuan, down 57.03% year-on-year. From 2022 to 2025, the company's net profit declined for four consecutive years, with growth rates of -16.11%, -5.51%, -6.39%, and -23.48%, respectively.
Ningbo Construction Co LtdNew contract value fell 37.57% YoY in Q2 and 52.80% cumulatively, indicating weaker demand for construction services.