Core Viewpoint - China State Construction Engineering Corporation (CSCEC) reported a total new contract value of 1,841.2 billion yuan for the period from January to May 2025, representing a year-on-year increase of 1.7% [1] Contract Performance - The new contract value for construction business reached 1,710.8 billion yuan, with a year-on-year growth of 2.2% [1] - Breakdown of new contracts: - Residential construction contracts amounted to 1,112.0 billion yuan, showing a decline of 4.0% year-on-year [1] - Infrastructure contracts totaled 593.9 billion yuan, reflecting a significant increase of 16.2% year-on-year [1] - Survey and design contracts were valued at 4.9 billion yuan, down 15.3% year-on-year [1] Regional Performance - Domestic new contracts were 1,632.4 billion yuan, marking a year-on-year increase of 3.5% [1] - International new contracts stood at 78.4 billion yuan, which is a decline of 19.7% year-on-year [1] Construction Activity - The total construction area for residential buildings was 1.477 billion square meters, a slight decrease of 0.3% year-on-year [1] - New construction area reached 108 million square meters, showing a growth of 3.0% year-on-year [1] - Completed construction area was 54.97 million square meters, down 17.2% year-on-year [1] Real Estate Business - Contract sales in the real estate sector amounted to 130.4 billion yuan, reflecting a decline of 4.0% year-on-year [1] - Contract sales area was 4.55 million square meters, down 6.4% year-on-year [1] - As of the end of the reporting period, land reserves totaled 7.625 million square meters, with new land acquisitions of 2.71 million square meters [1]