Core Insights - China State Construction Engineering Corporation (CSCEC) reported a 0.9% year-on-year increase in new contract value to 2.5 trillion yuan for the first half of 2025, with a revenue of 1.1 trillion yuan and a net profit of 30.4 billion yuan, reflecting a 3.2% growth [1] - The company is focusing on optimizing its business structure, particularly in the public building sector, which saw a 62% share of new contracts, with significant growth in industrial plants, schools, and logistics warehouses [1] - CSCEC is actively pursuing opportunities in energy, municipal, and water conservancy projects, achieving a 10% increase in new contracts in the infrastructure sector [1][2] Business Segments - The construction segment generated 696.38 billion yuan in revenue, with new contracts totaling 1.4964 trillion yuan, while the infrastructure segment achieved 273.43 billion yuan in revenue and 823.7 billion yuan in new contracts [1] - Real estate operations reported a sales revenue of 131.88 billion yuan, with a 13.3% year-on-year increase in sales amounting to 174.5 billion yuan [1] Strategic Initiatives - CSCEC is implementing a "Two Optimizations and Two Priorities" market strategy, focusing on high-quality clients and projects in key regions, with approximately 80% of new contracts and nearly 90% of investment occurring in strategic areas [2] - The company is also expanding its international presence, achieving 59.81 billion yuan in overseas revenue, a 5.8% increase year-on-year, while actively engaging in the Belt and Road Initiative [2] Emerging Industries - The company is exploring new business avenues in urban renewal and strategic emerging industries, with a 10% increase in new contracts in urban renewal projects, totaling 160 billion yuan [2] - The strategic emerging industries segment generated 91.6 billion yuan in revenue, reflecting a 3.5% growth, with a focus on new information technology, new materials, and renewable energy [3] Innovation and Management - CSCEC is enhancing its technological innovation capabilities, launching the "Good House" construction system and promoting digital innovations, including BIM software and smart construction technologies [3] - The company is implementing lean management practices and asset revitalization measures, successfully revitalizing 91.4 billion yuan in assets during the first half of the year [4]

8月28日晚间，中国建筑（601668.SH）发布2025年半年度报告，上半年，公司新签合同额2.5万亿元， 同比增长0.9%；实现营业收入1.1万亿元；实现归母净利润304亿元，同比增长3.2%；实现基本每股收益 0.73元，同比增长2.8%。 上半年，中国建筑聚焦"一创五强"战略目标，实施"一六六"战略路径，扎实推进"学政策、创效益、深 改革、优管理、促创新、防风险、强党建"七大任务，努力推动高质量发展取得新进展新成效。 基建业务继续保持良好势头，实现营业收入2734.3亿元，同比增长1.5%，新签合同额8237亿元，同比增 长10%。公司抢抓能源工程、市政工程、水利水运等领域机遇，合同额分别同比增长约34%、44%、 31%，新签合同额合计占比提升至66%。 地产业务稳健发展，加力推进销售去化，实现销售额1745亿元，营业收入1318.8亿元，同比增长 13.3%。公司旗下中海地产权益销售额位居行业前列，6家局院地产继续稳居行业百强。 中国建筑坚持"两优两重"的市场策略，聚焦优质客户、优质项目、重点区域、重点领域，在京津冀、长 三角、粤港澳大湾区等战略区域新签合同额占比约80%、完成投资额占比近90%。 ...