CSCEC(SH:601668) Huan Qiu Wang·2025-08-19 12:07Summary of Key Points Core Viewpoint - China State Construction Engineering Corporation (CSCEC) reported a total new contract amount of 26,798 billion RMB for the first seven months of 2025, reflecting a year-on-year growth of 1.4% [1] Group 1: New Contracts - The total new contracts signed in the construction business amounted to 24,868 billion RMB, showing a year-on-year increase of 2.1% [1] - The new contracts in the housing construction segment reached 16,258 billion RMB, which is a slight decline of 0.4% compared to the previous year [1] - The infrastructure segment saw new contracts worth 8,533 billion RMB, marking a growth of 7.4% year-on-year [1] - The surveying and design segment reported new contracts of 77 billion RMB, down by 7.2% year-on-year [1] Group 2: Construction Area - The total construction area for housing was 153,131 million square meters, which represents a decrease of 1.2% year-on-year [1] - The new construction area for housing was 15,708 million square meters, reflecting a significant decline of 8.5% year-on-year [1] - The completed housing area was 10,366 million square meters, showing an increase of 4.7% compared to the previous year [1] Group 3: Real Estate Business - The contract sales amount in the real estate sector was 1,930 billion RMB, which is a decrease of 7.4% year-on-year [2] - The contract sales area was 721 million square meters, showing a slight decline of 0.3% year-on-year [2] - The new land reserves acquired during the period amounted to 576 million square meters, with total land reserves at the end of the period reaching 7,783 million square meters [2]