CSCEC(SH:601668) Zheng Quan Ri Bao Wang·2025-08-19 13:45Core Insights - China State Construction Engineering Corporation (CSCEC) reported a total new contract value of 26,798 billion yuan for the first seven months of 2025, representing a year-on-year increase of 1.4% [1] - The construction business segment achieved a new contract value of 24,868 billion yuan, with a year-on-year growth of 2.1%, while infrastructure business contracts reached 8,533 billion yuan, up by 7.4% [1] - The real estate segment recorded a contract sales value of 1,930 billion yuan and a sales area of 721 million square meters, with a reduction in the year-on-year decline [1] Construction Business Performance - The domestic business accounted for 23,595 billion yuan, reflecting a 2.6% year-on-year increase [1] - Physical indicators showed a construction area of 153,131 million square meters, new construction area of 15,708 million square meters, and completed area of 10,366 million square meters, indicating positive growth [1] Major Projects and Market Trends - Recent major projects achieved a new high with a total project amount of 28.33 billion yuan, including six housing projects and three infrastructure projects [2] - The average price of new residential buildings in 100 cities increased by 0.18% month-on-month and 2.64% year-on-year in July 2025, indicating a structural recovery trend [2] - The State Council emphasized measures to stabilize the real estate market, which presents opportunities for CSCEC to leverage its integrated capabilities in construction and real estate [2]