China State Construction has just released its January-March 2024 business briefing. According to the announcement, China State Construction has achieved a total of 1,188.5 billion yuan in new contracts in the first quarter of 2024, with a year-on-year growth rate of 9.6%.
According to the statistics of CNSUIDO01, since 2020, in the past five years, the amount of new contracts signed by China State Construction in the first quarter has been rising, exceeding one trillion yuan last year, achieving a great leap, and achieving steady growth again on the basis of hundreds of millions this year, reflecting the strong corporate strength of China State Construction Group.
The amount of new contracts signed in the construction business exceeded one trillion yuan
In the first quarter, the new contract value of the construction business reached 1,110.7 billion yuan, a year-on-year increase of 14.3%. By business segment, the amount of new contracts signed is:
- Housing construction: 806.2 billion, up 11.4% year-on-year
- Infrastructure: 300.5 billion, up 23.2% year-on-year
- Survey and design: 4 billion, a decrease of 3.6% year-on-year
In the construction business, in the past five years, the newly signed contract value has increased from 561.3 billion yuan to 1,110.7 billion yuan, doubling and exceeding one trillion yuan in one fell swoop, creating a solid foundation for the operating performance of China State Construction Group.
In addition, the contracted sales of its real estate business were 112.4 billion yuan, an increase of 82.8% year-on-year.
The contract value of large orders was 122.3 billion yuan
In the first quarter, China State Construction Group continued to promote the in-depth implementation of "large customers and large orders", and contracted about 35 large projects with a single contract value of more than 2 billion yuan, with a total contract value of 122.36 billion yuan. Among them, the contract value of housing construction projects is about 70.6 billion yuan, and the contract value of infrastructure projects is 51.7 billion yuan. List of specific projects:
In the first quarter, the projects signed by China State Construction Group were mainly distributed in 15 provinces and regions across the country, of which the signing value of large projects in 4 provinces of Guangdong, Shandong, Housing Construction and Shaanxi exceeded 10 billion yuan, and Guangdong Province led all provinces, municipalities and autonomous regions in the country with a large order of about 33.5 billion yuan, and the regional operation results were remarkable.
In addition, according to the statistics of CNSUIDO01, the total number of projects won by China State Construction Group in the first quarter of 2024 will exceed 500 billion yuan (those that are not linked to the network or have no specific winning bid/investment amount are not included). There are 15 provinces and regions with a bid amount of more than 10 billion yuan, among which Guangdong Province is still an important market for CSCEC's project expansion.
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The ranking of the second-level engineering bureau in the first quarter of the winning bid
In the first quarter, China State Construction accurately grasped the opportunity of the national policy of stabilizing the economy, promoted the improvement of the development level of its main business, continued to deepen the project performance management, accelerated the promotion of innovation, and continuously strengthened the bottom-line thinking.
The subordinate secondary engineering bureau also has a lot of gains in the first quarter: according to the statistics of the infrastructure Tongda database, the bidding amount of the 14 secondary units of China Construction Group in the first quarter of this year is as follows: China Construction Eighth Bureau> China Construction Third Bureau> China Construction Fifth Bureau> China Construction Fourth Bureau> China Construction Seventh Bureau> China Construction Second Bureau> China Construction First Bureau> China Construction Sixth Bureau> China Construction Installation> China Construction Group> China Construction Science and Industry > China Construction Port and Shipping Bureau> China Construction Xinjiang Construction Engineering > China Construction Decoration.
The total amount of projects won by China Construction Eighth Engineering Bureau exceeded 150 billion yuan, ranking first among all secondary engineering bureaus, while China Construction Third Engineering Bureau participated in the bidding of about 83 billion yuan.
In the first quarter, China State Construction Group won the largest single for the construction project N2 section of the Xiaoxisha shantytown reconstruction project in Yuyang District, Yulin City, the winning bidder of the project is the second construction Co., Ltd. of China Construction Eighth Bureau, with a bid amount of about 10.012 billion yuan, and the project is also the largest bid amount of the central state-owned enterprise housing construction project in the first quarter, showing the strong strength of China Construction Eighth Bureau, and also a strong proof of the market appeal of China Construction Group in the field of housing construction.
Congratulations on the business performance of all enterprises, and hope that under the fierce market competition, China State Construction Group can continue to give full play to its advantages and continue to make breakthroughs in the business operation of various sectors.
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