安永：34家上市建筑公司2024年实现营收8.66万亿元，同比下降5.39%

Core Insights - The report by Ernst & Young highlights a decline in revenue and net profit for listed construction companies in China for the year 2024, with total revenue of approximately 8.66 trillion yuan, a decrease of 5.39% compared to 2023, and a net profit of 209.98 billion yuan, down 15.31% from the previous year [1][2] Group 1: Financial Performance - The total revenue of 34 listed construction companies for 2024 is approximately 8.66 trillion yuan, reflecting a decline of 5.39% from 2023 [1] - The net profit for these companies is 209.98 billion yuan, which represents a decrease of 15.31% compared to 2023 [1] - The average net profit margin for the companies is 2.42%, showing a slight decline from 2023 and 2022 [1] Group 2: Asset and Taxation Overview - As of the end of 2024, the total assets of the 34 listed construction companies amount to approximately 16.21 trillion yuan, marking a year-on-year growth of 10.07% [1] - The total asset turnover rate for 2024 is 0.56, indicating a decrease from 2023, suggesting a decline in overall operational efficiency [1] - The total tax amount for the 34 companies is 262.19 billion yuan, which is a decrease of 1.88% year-on-year, while the overall tax burden rate increased by 0.11 percentage points [1] Group 3: Future Outlook - The report indicates that various government policies aimed at stabilizing the real estate market, such as optimizing purchase restrictions and providing housing subsidies, will support the construction industry [2] - The introduction of policies related to the "14th Five-Year Plan" for modern energy systems and renewable energy development is expected to provide strong momentum for the construction sector [2] - The report emphasizes the importance of integrating innovative technologies like AI, big data, BIM, robotics, and IoT for construction companies to enhance project quality, management efficiency, safety, and environmental sustainability [2]