Summary of Key Points Core Viewpoint - Shanghai Construction Group (600170) reported a total new contract amount of RMB 645.48 billion from January to March 2025, indicating a mixed performance across different segments [1] Contract Amount Breakdown - The new contracts in construction amounted to RMB 511.32 billion, showing a year-on-year decline of 51.01% [1] - Design consulting contracts reached RMB 16.57 billion, reflecting a significant year-on-year increase of 74.03% [1] - The building materials industry secured new contracts worth RMB 69.93 billion, which is a decrease of 10.25% year-on-year [1] - Real estate development contracts totaled RMB 12.58 billion, marking a substantial year-on-year growth of 101.38% [1] - Urban construction investment contracts amounted to RMB 12.7 billion [1] - Other new contracts reached RMB 22.38 billion, with a year-on-year increase of 42.47% [1] Major Project Wins - The company won 9 major engineering construction projects (each over RMB 5 billion), with a total value of RMB 68.38 billion [1]
上海建工:2025年一季度新签合同金额645.48亿元,同比下降44.03%