CSCEC(SH:601668) Zhong Zheng Wang·2025-09-15 12:48Core Insights - China State Construction Engineering Corporation (CSCEC) reported a total new contract value of 2,879.9 billion yuan for the first eight months of 2025, reflecting a year-on-year growth of 1.0% [1] - The construction business segment achieved a new contract value of 2,664.4 billion yuan, with a year-on-year increase of 1.8% [1] - The real estate segment recorded a contract sales value of 215.5 billion yuan, with a sales area of 8.12 million square meters, showing a narrowing decline compared to the previous month [1] Construction Business Performance - The new contract value for housing construction reached 1,760.6 billion yuan, marking a year-on-year growth of 0.2% [1] - Infrastructure business contracts totaled 895.4 billion yuan, with a year-on-year increase of 5.0% [1] - Domestic business accounted for 2,530.6 billion yuan, reflecting a year-on-year growth of 2.2% [1] Physical Indicators - The total construction area for housing reached 155.615 million square meters [1] - New construction area was 18.041 million square meters [1] - Completed construction area was 12.479 million square meters [1] Land Acquisition and Sales - The company acquired land reserves of 5.76 million square meters, bringing total land reserves to 74.73 million square meters [1] Major Projects - CSCEC is advancing significant projects totaling 8.59 billion yuan, including three housing construction projects [2] - Projects include the Saudi Arabia Diriyah Phase II Opera District, Zhejiang Jinhua Jindong District Future Industry Technology Park, and Shanghai Pudong New Area Zhangjiabang Wedge Green Land residential project [2] - The progress of these projects is generally in line with expectations, laying a solid foundation for achieving annual targets [2]