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Sichuan Road & Bridge Logs 55% Drop in H1 New Contract Wins

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Sichuan Road & Bridge (SHA:600039) secured 32.8 billion yuan in new contracts in the first half, down 55% from 72.2 billion yuan a year earlier, according to a Saturday filing with the Shanghai bourse.

Infrastructure projects contributed 23.2 billion yuan and residential building contracts added 9.45 billion yuan.

Second-quarter contract awards totaled 19.8 billion yuan, with infrastructure projects contributing 15.2 billion yuan and residential building contracts adding 4.54 billion yuan.

Shares of the construction engineering company slid nearly 1% in recent trade.

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