CSCEC(SH:601668) Zheng Quan Shi Bao Wang·2025-09-16 07:49Group 1 - The core viewpoint of the articles highlights that China State Construction (601668.SH) has maintained a steady growth in its business operations, with a total new contract amount of 28,799 billion yuan for the first eight months of 2025, reflecting a year-on-year increase of 1.0% [1] - In the construction business, the new contract amount reached 26,644 billion yuan, up 1.8% year-on-year, with the housing construction business contributing 17,606 billion yuan (0.2% increase) and infrastructure business 8,954 billion yuan (5.0% increase) [1] - The domestic business accounted for 25,306 billion yuan, showing a 2.2% year-on-year growth, while physical indicators included a housing construction area of 155,615 million square meters, new construction area of 18,041 million square meters, and completed area of 12,479 million square meters [1] Group 2 - In the real estate sector, China State Construction reported a contract sales amount of 215.5 billion yuan and a contract sales area of 8.12 million square meters, with a narrowing year-on-year decline [1] - The company acquired land reserves of 576,000 square meters, bringing total land reserves to 7,473,000 square meters by the end of the period [1] - Recent major projects amounting to 8.59 billion yuan are progressing steadily, including significant housing projects in Saudi Arabia and China, which are expected to support the completion of annual targets [2] - The easing of housing market policies in August 2025, such as expanding the use of housing provident funds and relaxing purchase restrictions, is anticipated to stimulate market activity, with a potential rebound in market activity expected in September [2] - As a leader in the construction and real estate industry, China State Construction is expected to maintain strong resilience in its development due to its robust construction capabilities, technological innovation, and quality real estate project reserves [2]