Hua Xia Shi Bao·2025-08-27 13:58Core Insights - The overall new contract signing by the eight major state-owned construction enterprises in China for the first half of 2025 is approximately 7.87 trillion yuan, reflecting a slight year-on-year decrease of 0.19% [1] - China State Construction Engineering Corporation (CSCEC) leads the industry with over 2.5 trillion yuan in new contracts, followed by China Railway Group and China Railway Construction Corporation with over 1.1 trillion yuan and 1.06 trillion yuan respectively [1][2] Group 1: Company Performance - CSCEC's new contract total exceeds 2.5 trillion yuan, showing a year-on-year growth of 0.9%, with infrastructure contracts growing by 10% to 823.7 billion yuan [2] - China Railway Group's new contracts reached 1.1 trillion yuan, marking a 2.8% increase, with asset management contracts surging by 425% [3] - China Railway Construction Corporation's new contracts totaled 1.06 trillion yuan, down 4.04%, but its overseas contracts grew by 57.43% [3] Group 2: Market Trends - The construction industry is experiencing a shift towards high-quality and high-tech competition, with larger firms consolidating their market positions [4] - The performance of the eight major construction enterprises shows a divergence, with six companies achieving positive growth in new contracts, while China Metallurgical Group and China Chemical Engineering saw declines [5] - The overseas contract signing by the eight enterprises totaled 994.46 billion yuan, a 16.33% increase from the previous year, indicating strong international expansion [7] Group 3: Future Outlook - The expansion of overseas markets is driven by the Belt and Road Initiative, global infrastructure demand, and the competitive advantages of Chinese construction firms [8] - The construction industry is expected to play a crucial role in stabilizing the economy and improving the real estate market through effective investment strategies [6]