Group 1 - The core viewpoint of the article highlights that the top 20 companies in the construction management sector have signed new contracts totaling 21,926 million square meters in 2025, representing a year-on-year increase of 16%, with a growth rate 6 percentage points higher than in 2024, although still lower than in 2023 [1][3] - There are 10 companies that have signed new contracts exceeding 10 million square meters, an increase of 5 companies compared to the same period last year, including major players such as Greentown Management, CIFI Construction Management, and Longfor Longzhizao [1][3] - The concentration of the top ten companies in terms of signed area has reached 78%, an increase of 7 percentage points compared to 2024, indicating a trend where leading companies are gaining more market share [2][3] Group 2 - The top five companies account for 45% of the new signed area, a slight decrease of 2 percentage points from 2024, while companies ranked 5-10 have increased their share to 33%, up 10 percentage points from the previous year [3][4] - There is a significant disparity in the new project signing scale among companies, with the leading firms experiencing intense competition, while lower-tier companies continue to face challenges and undergo significant restructuring [4][5] - The gap between the 10th and 20th ranked companies is nearly five times, reflecting the increasing difficulty for lower-tier companies to expand and the ongoing reshuffling in the industry [5]
克而瑞地产研究：2025年地产代建新增规模TOP20新拓总量同比增长16% 尾部企业仍在剧烈洗牌_观察