CSCEC(SH:601668) Zheng Quan Ri Bao Wang·2025-09-16 09:16Group 1 - The core viewpoint of the news is that China State Construction Engineering Corporation (China State Construction) has shown steady growth in its business operations for the first eight months of 2025, with a total new contract amount of 2879.9 billion yuan, reflecting a year-on-year increase of 1.0% [1] - In the construction business, the new contract amount reached 2664.4 billion yuan, up by 1.8% year-on-year, with the housing construction business contributing 1760.6 billion yuan (0.2% increase) and infrastructure business 895.4 billion yuan (5.0% increase) [1] - Domestic business accounted for 2530.6 billion yuan, marking a 2.2% year-on-year growth, while the physical indicators included a housing construction area of 155615 thousand square meters, new construction area of 18041 thousand square meters, and completed area of 12479 thousand 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 thousand square meters, bringing total land reserves to 7473 thousand square meters by the end of the reporting 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 real estate market in August 2025 has been influenced by policies aimed at stimulating market activity, with expectations for a seasonal rebound in September due to relaxed purchase restrictions in core first-tier cities [2] - As a leader in the construction and real estate industry, China State Construction is expected to maintain strong development resilience, supported by its robust construction capabilities, technological innovation, and quality real estate project reserves [2]