Construção Ocidental: Serviço ativo à estratégia nacional. O valor de novos contratos assinados em 2025 ultrapassou os 53 bilhões de yuans.

Originated from: China Securities Journal · CnS Net

CnS Net News (Reporter: Wu Kereng) On the evening of 2 April, Western Construction released its 2025 annual report. During the reporting period, the company’s newly signed contract amount reached 53.04B yuan, achieving operating revenue of 18.11B yuan, and it has not yet returned to profitability.

Western Construction focuses on ready-mixed concrete and related businesses. According to data from China Concrete Network, in recent years the company has steadily ranked No. 2 in China’s ready-mixed concrete industry, and is one of the leading listed professional ready-mixed concrete companies nationwide in terms of scale.

Over the past year, Western Construction has actively served national strategies. On one hand, the company has deeply integrated into the national regional coordinated development strategy, adding 35 new sites in key regions such as the Beijing-Tianjin-Hebei area, the Yangtze River Delta, and the Guangdong-Hong Kong-Macao Greater Bay Area; on the other hand, its overseas business has accelerated breakthroughs, with 6 plants and stations established and put into production in Southeast Asia, securing infrastructure business breakthroughs in Africa. It has also newly set up 3 country preparation groups such as in the United Arab Emirates, and has steadily advanced the registration of overseas entities and the undertaking of projects.

Operating performance aligns with industry conditions

As a leading enterprise in China’s ready-mixed concrete industry, Western Construction’s business covers 25 provincial-level regions. In areas including Xinjiang, Hubei, Sichuan, Shaanxi, and Hunan, it maintains a leading position in the industry. The company steadily advances its internationalisation strategy, establishing strong production and supply capabilities domestically and internationally, and a comprehensive industrial-chain layout. In addition, the concrete industry internet platform it has built—Tonglian Net—has covered more than 320 cities nationwide, with more than 8,900 resident enterprises.

Due to factors such as the continued decline in real estate investment and the slowdown in infrastructure investment growth, in 2025 the overall demand in China’s concrete market maintained a downward trend. The industry overall showed a simultaneous decline in both volume and price, and enterprises’ profit margins continued to narrow. During the reporting period, Western Construction’s operating conditions were basically consistent with the overall industry development trend. The production volume and sales volume of its ready-mixed concrete products were 57.9277 million cubic metres and 57.9277 million cubic metres respectively, both down 1.56% year-on-year. Affected by the fact that the decrease in costs of major raw materials was smaller than the decrease in product selling prices, the gross profit margin of its ready-mixed concrete business was 4.25%, down 3.01 percentage points year-on-year.

Western Construction stated that in 2025, affected by the overall market conditions moving downwards, the procurement prices of major raw materials generally showed a downward trend. The company ensured continuous and stable raw-material supply and effectively controlled production costs through measures such as promoting centralised procurement of key raw materials including cement and sand-and-stone, conducting dynamic tracking of raw-material market conditions, and actively coordinating with leading enterprises in the industry.

By the end of 2025, Western Construction had 1.89M cubic metres of designed capacity for ready-mixed concrete. During the reporting period, the company invested in 8 newly added ready-mixed concrete capacity expansion projects under construction. After completion and commencement of production, the expected新增 capacity will be 6.8 million cubic metres.

The foundation for green development has been continuously strengthened. By the end of 2025, Western Construction had cumulatively been recognised as having 1 national-level green factory, 10 provincial/city-level green factories, and 11 zero-carbon factories. It had completed 13 distributed photovoltaic projects at plant and station sites, and had put into use more than 1,700 new-energy vehicles.

Strategic emerging industries have begun to take shape

In 2025, Western Construction accelerated the layout of strategic emerging industries. The annual report shows that the company held 5 special meetings in succession, issued industry guidance opinions, organised 2 product promotion meetings, carried out differentiated performance assessments of new businesses, strengthened coordination among core/specialised business areas, and promoted the landing and conversion of a series of products. Throughout the year, the proportion of operating revenue from strategic emerging industries increased to 13%.

Looking at each segment, the subsidiary Research Institute’s wind power mixed-tower business generated operating revenue of 300 million yuan. Its grouting materials business successfully landed on multiple projects. The business of ultra-high-performance concrete (UHPC) gradually realised large-scale development. In addition, China Construction New Materials was selected among China’s top ten comprehensive enterprises of concrete admixture companies for four consecutive years, its customer structure continued to be optimised, and the contract value for urban-related basic infrastructure projects increased 104% year-on-year. Tonglian Technology and the procurement company completed integration; its battle-procurement business effectively merged and transformed, and operating revenue from emerging businesses such as transaction services, data services, and digital projects increased 154% year-on-year.

Western Construction continued to strengthen innovation-driven development. In 2025, 22 of the company’s scientific and technological achievements reached the level of international advanced or above. It won 16 provincial and ministerial-level science and technology awards. It obtained 153 authorised patents, contributed to 1 international standard, 4 national standards, and 19 other standards. One of its subsidiary enterprises was awarded a provincial-level “manufacturing single champion” enterprise, and it added 2 provincial-level scientific research platforms.

Of particular note, over the past year, 2 national standards in the field of intelligent manufacturing led by Western Construction were approved for filing. At the same time, intelligent manufacturing workshop demonstration points were built in multiple locations. The company’s key technologies have strongly empowered major project construction. Its business growth in the nuclear power and wind power fields has been rapid, and it signed the Huaneng Xiapu Nuclear Power Project with a volume of 1.893 million cubic metres. The China National Heavy Machinery Corp. (Zoomlion)’s headquarters research and development building project created a Guinness World Record for the world’s longest white exposed polished concrete curtain wall project (length approximately 612 metres). The Wuhan Yangtze River Center project created the domestic record for the highest “all-lightweight concrete” one-time pumped delivery height.

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