Core Insights - China State Construction Engineering Corporation (CSCEC) reported a total new contract value of 26,798 billion yuan for the first seven months of 2025, reflecting a year-on-year growth of 1.4% [1] - The construction business segment achieved a new contract value of 24,868 billion yuan, with a year-on-year increase of 2.1%, while the infrastructure business saw a significant growth of 7.4% to reach 8,533 billion yuan [1] - Domestic business accounted for 23,595 billion yuan, marking a 2.6% increase compared to the previous year [1] Construction Performance - The physical performance indicators included a total construction area of 153,131 million square meters, new construction area of 15,708 million square meters, and completed area of 10,366 million square meters, all showing positive growth [1] - In the real estate sector, CSCEC reported a contract sales value of 1,930 billion yuan and a contract sales area of 721 million square meters, with a narrowing decline compared to the same period last year [1] - The company acquired land reserves of 576 million square meters, bringing total land reserves to 7,783 million square meters by the end of the reporting period [1] Major Projects - CSCEC disclosed significant progress in major projects, with a total project value of 283.3 billion yuan, reaching a new high [2] - The projects include six building construction projects, such as the Shenzhen Houhai Yungxi Garden and the Lishui Nai's Ecological Comprehensive Park, as well as three infrastructure projects, including the expansion of East Lake Avenue in Wuhan and a photovoltaic power generation project in Xinjiang [2]