CSCEC(SH:601668) Zheng Quan Ri Bao Wang·2025-11-17 11:20Core Insights - China State Construction Engineering Corporation (CSCEC) reported a total new contract value of 3,606.5 billion yuan for the first ten months of 2025, reflecting a year-on-year growth of 1.0% [1] Group 1: Business Performance - In the construction business, the new contract value reached 3,319.4 billion yuan, with a year-on-year increase of 2.0% [1] - The housing construction segment contributed 2,199.1 billion yuan, growing by 1.5% year-on-year, while the infrastructure segment achieved 1,110.3 billion yuan, marking a 3.1% increase [1] - Domestic contracts totaled 3,150.2 billion yuan, up 1.9% year-on-year, and international contracts amounted to 169.1 billion yuan, with a growth of 3.2% [1] - The physical indicators included a construction area of 1,588.11 million square meters, new construction area of 211.78 million square meters, and completed area of 15.82 million square meters [1] Group 2: Real Estate Business - For the real estate segment, the contract sales amounted to 287.1 billion yuan, with a sales area of 10.7 million square meters [1] - The company acquired land reserves of 7.32 million square meters, bringing total land reserves to 74.82 million square meters by the end of the reporting period [1] Group 3: Recent Major Projects - CSCEC disclosed recent major project wins totaling 9.85 billion yuan, including two housing projects focused on the high-performance lithium battery base in Xiamen, Fujian, and the Xi'an Summer Center projects [2] - Additionally, one infrastructure project was highlighted, centered on the EPC project for quartz mining and processing in Guangyuan, Sichuan [2]