中国建筑2025年全年新签合同总额4.5万亿元，同比增长1.0%

Core Insights - China State Construction Engineering Corporation (CSCEC) reported a total new contract value of 45,458 billion yuan for the year 2025, reflecting a year-on-year growth of 1.0% [1] - The company achieved a new contract value of 41,510 billion yuan in its construction business, with a year-on-year increase of 1.7% [1] - Infrastructure business contracts amounted to 14,728 billion yuan, growing by 4.1%, while housing construction contracts reached 26,654 billion yuan, with a modest growth of 0.5% [1] - The company’s domestic business totaled 39,253 billion yuan, up 1.4%, while overseas business contracts were 2,257 billion yuan, marking a growth of 6.9% [1] Business Performance - The physical indicators for housing construction included a total construction area of 165,442 million square meters, new construction area of 27,652 million square meters, and completed area of 22,893 million square meters [1] - CSCEC reported a contract sales amount of 3,948 billion yuan in its real estate business, with a contract sales area of 1,509 million square meters [1] - The company ended the year with a land reserve of 69 million square meters, indicating a robust land bank [1] Recent Developments - CSCEC disclosed recent major project acquisitions totaling 320.9 billion yuan, including one housing project and five infrastructure projects [2] - The projects focus on significant infrastructure developments, such as the construction of highways and comprehensive development in economic zones [2] - The year 2026 is seen as a pivotal year for the company and the construction industry, aligning with national strategic directions for high-quality development [2] Future Outlook - CSCEC is expected to leverage its full industry chain advantages and execution capabilities to align with national strategies, initiating a new cycle of high-quality development [2] - The company aims to reshape its development approach through green low-carbon initiatives and intelligent construction, contributing to urbanization and modern industrial system construction in China [2]