CSCEC(SH:601668) Xin Lang Cai Jing·2025-08-19 09:40Group 1 - The core viewpoint of the articles highlights that China State Construction (601668.SH) has shown stable growth in new contract signings and operational performance for the first seven months of 2025, with a total new contract amount of 2,679.8 billion yuan, reflecting a year-on-year increase of 1.4% [1][2] - In the construction business, the new contract amount reached 2,486.8 billion yuan, up 2.1% year-on-year, with infrastructure business contracts amounting to 853.3 billion yuan, marking a 7.4% increase [1] - Domestic business accounted for 2,359.5 billion yuan, showing a year-on-year growth of 2.6%, while physical indicators such as construction area and new starts also demonstrated positive growth [1] Group 2 - The real estate segment reported a contract sales amount of 193 billion yuan and a sales area of 7.21 million square meters, with a narrowing decline compared to the previous year [1] - The company acquired land reserves of 5.76 million square meters, bringing total land reserves to 77.83 million square meters [1] - Recent major projects have reached a new high of 28.33 billion yuan, including various housing and infrastructure projects, indicating robust project development [2] Group 3 - The average price of newly built residential properties in 100 cities increased by 0.18% month-on-month and 2.64% year-on-year, suggesting a structural recovery in the market [2] - The State Council emphasized measures to stabilize the real estate market, which presents opportunities for China State Construction to leverage its integrated capabilities in consulting, investment, construction, and operation [2] - The company aims to enhance its supply of quality housing and maintain its leading position in the industry by capitalizing on urban renewal opportunities [2]