CSCEC has signed 1826.5 billion new contracts and revenue of 936.7 billion. China Construction Third Engineering Bureau and China

According to official data, CSCEC completed a total investment of 175 billion yuan in the first half of the year, a year-on-year increase of 13.9%, including 121.1 billion yuan in real estate development projects, accounting for 69.2% ©: Chinese architecture   It can be seen that the real estate business is of great significance for CSCEC to achieve a high profit.

Rapid growth of infrastructure business   If the real estate construction business has laid the cornerstone of CSCEC’s business performance, the infrastructure business is the impact gun for CSCEC to achieve record breaking results.

The advantages of housing construction business continued to consolidate   In the first half of the year, CSCEC gave full play to its competitive advantage in the whole industrial chain in the field of housing construction engineering, so that its housing construction business scale and benefits continued to grow, and continued to maintain its leading position in the medium and high-end market – the newly signed contract amount was 1208 billion yuan, a year-on-year increase of 13.8%; the operating revenue was 596.1 billion yuan, a year-on-year increase of 24.6%; the gross profit was 39.8 billion yuan, a year-on-year increase of 29.0%; the gross profit margin was 6.7%, a year- An increase of 0.3 percentage points.

The asset liability ratio at the end of the period is   74.4%, a year-on-year decrease of 1.5%, and the “leverage reduction” has achieved remarkable results; weighted average return on net assets   8.13%, year-on-year increase   1.15%; the net cash flow from operating activities decreased by 20.9 billion yuan year-on-year, the best level in the same period of recent five years.

  According to the national urbanization development plan, China’s urban population will be close to 1 billion in 2030, and the total building area demand will be 80-90 billion square meters (including residential houses and public buildings).

The former has always been in a leading position in China’s real estate industry.

Physical increment of survey and design business   As an important part of the company’s advantages in building the whole industrial chain, the main tasks of the survey and design business are to enhance the company’s brand influence, cultivate high-end talents, strengthen scientific and technological innovation and provide strong support for the company’s EPC business.


The comprehensive strength of the enterprise has been recognized by the market again, which has also made a good start for its sustained and high-quality development in the 14th five year plan.

In addition, the in-depth promotion of new urbanization, the vigorous promotion of the development of prefabricated buildings, and One belt, one road, China’s construction industry has also provided great room for development.

  In the past six months, CSCEC has won the bid for a number of major infrastructure projects according to the subdivided fields by giving full play to the resource advantages of the whole industrial chain:   Municipal roads and bridges: continued efforts, with a newly signed contract amount of 130.6 billion yuan, a year-on-year increase of 42.7%.

  The business performance is stable and good, and the quality is improved quickly   According to the announcement, in the first half of 2021, CSCEC’s business performance reached a new high:   Completion of newly signed contract amount   RMB 1826.5 billion, a year-on-year increase   21%; operating income   936.7 billion yuan, a year-on-year increase   28.6%; realize the net profit attributable to the shareholders of the listed company   RMB 25.6 billion, a year-on-year increase   29.2%, higher than the growth rate of operating revenue; achieve basic earnings per share   0.62 yuan, a year-on-year increase   31.9%; net assets per share attributable to common shareholders   7.30 yuan, a year-on-year increase   14.4%.

In the first half of the year, the newly signed contract amount of China’s Architectural Survey and design business was 6.3 billion yuan, a year-on-year decrease of 6.8%; the operating revenue was 4.93 billion yuan, a year-on-year increase of 22.7%; The gross profit was RMB 900 million, with a year-on-year increase of 46.7%; the gross profit margin was 18.1%, with a year-on-year increase of 3%..

Its gross profit margin ranks first among the four major businesses, as high as 25.1% ©: Chinese architecture   The return of high profits also allows CSCEC to invest more in real estate development business.

Shim Pack

In the first half of 2021, its infrastructure business achieved rapid growth and continued to optimize its business transformation and adjustment – the newly signed contract amount was 392.7 billion yuan, a year-on-year increase of 50.5%; the operating revenue was 193.6 billion yuan, a year-on-year increase of 33.9%; and the gross profit was 17.7 billion yuan , a year-on-year increase of 23.6%; the gross profit margin was 9.2%, a year-on-year decrease of 0.7 percentage points.

At present, CSCEC has formed a “four in one” business model of “planning and design, investment and development, infrastructure construction and housing construction engineering”.

Except before《   1826.5 billion! CSCEC released its performance in the first half of 2021, with a year-on-year increase of 21%, and the infrastructure sector has sprung up!  》 The newly signed contract amount introduced in detail in the article and the operation of CSCEC in all dimensions in the first half of the year are also disclosed this time.

  The main business continues to maintain a good momentum of development   After years of development and transformation, CSCEC has strengthened internal resource integration and business collaboration.

In the first half of this year, CSCEC’s main businesses have been steadily improved.

For example, it won the bid for the PPP project of Guangning Cangwu Zhaoping (Guangxi section) of Wuzhou Leye highway serving the construction of Dawan District, Guangdong, Hong Kong and Macao  ; Railway sector: key breakthroughs were made, with a newly signed contract amount of 8.41 billion yuan, winning the bid   Czsczq-6 bid section of Ya’an Linzhi section of new Sichuan Tibet Railway  、  Xiong’an new area to Beijing Daxing International Airport Express Project  ; Urban Rail Transit: continue to be stronger and better, with a newly signed contract amount of 41.9 billion yuan, winning the bid   Changchun urban rail transit airport line (line 9) phase I Project  、  Chongqing rail transit line 15 phase I Project (K72 + 824 ~ K92 + 369.955) and other projects  ; Port Engineering: achieved rapid growth, with a newly signed contract amount of 10.57 billion yuan, a year-on-year increase of 227.2%; water conservancy and environmental protection: continued to win the bid for the second bid section of Wuhan Lianghu tunnel (East Lake section); new infrastructure: actively explored, made substantial progress in cooperation with leading enterprises such as electric power and telecommunications, and won the bid   Zhengzhou 5g new infrastructure communication project   Wait.


The leading edge of China’s construction industry in the real estate industry is undoubtedly the ballast stone for stabilizing the market.

At present, there is still a large gap, which shows that the housing construction market still contains the potential to explore.

The real estate business achieved contract sales of 219.6 billion yuan, a year-on-year increase of 21.5%; operating revenue of 146.5 billion yuan, a year-on-year increase of 33.4%; gross profit of 36.7 billion yuan, a year-on-year increase of 15.2%; gross profit margin was 25.1%, a year-on-year decrease of 3.9 percentage points.


  As can be seen from the figure below, although the newly signed contract amount and operating revenue of the real estate business account for only 12% and 15.6% of the total, the proportion of its gross profit margin is as high as 38.7%, which is second only to the proportion of real estate construction business, and the difference is very small.

The real estate business developed healthily and steadily   CSCEC has two major real estate brands, CNOOC real estate and CSCEC real estate.

  In the first half of the year, CSCEC ensured the sustained and healthy development of the real estate business on the premise of resolutely implementing the national regulation and control policies.

   In addition, as one of the investment and construction groups with the longest history of professional operation, the earliest market-oriented operation, the highest degree of integration and the largest scale in the world, CSCEC, which is also the eldest brother of the central construction enterprise, was rated as grade A in the annual business performance assessment of the state owned assets supervision and Administration Commission of the State Council for the 16th time in the opening year of the 14th five year plan, and ranked among the “fortune” China’s top 500 “for nine consecutive years   Top three; listed for 16 consecutive years   Fortune 500   And the ranking grew steadily, ranking 13th in 2021 as the top of China’s construction enterprises   ENR “the world’s top 250 international contractors” in 2021   The third Chinese enterprise…


It has carried out real estate development business in dozens of economically active cities in national strategic regions such as Guangdong, Hong Kong, Macao, the Yangtze River Delta, Beijing, Tianjin and Hebei, and built a balanced and stable national strategic layout.

  Source: Xinji Jiantong   Author: Xiaowu recently, CSCEC’s 2021 enterprise semi annual report was officially released.


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