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China State Construction Engineering Corporation (CSCEC)
Founded in 1982, China State Construction Engineering Corporation (hereinafter "China State Construction") is now a global investment and construction group featuring professional development and market-oriented operation.
China State Construction carries out business management activities through its public company - China State Construction Engineering Corporation Ltd. (stock code 601668.SH), and has eight listed companies and more than 100 secondary holding subsidiaries.
In 2021, the newly signed contract amount of CSCEC is 3.53 trillion yuan, with a year-on-year increase of 10.3%; The operating revenue reached 1.89 trillion yuan, up 17.1% year on year; Net profit attributable to shareholders of listed companies reached 51.41 billion yuan, up 14.4% year on year; The basic earnings per share was 1.25 yuan, up 16.8% year on year. It is an enterprise with newly signed contract amount and operating income reaching "double trillion" in the construction industry. The company ranks No.9 in Fortune Global 500 in 2022, No.3 in China's top 500 enterprises, and No.1 in ENR's "250 largest engineering contractors in the world". It continues to maintain the highest credit rating in the industry, continuously improves its market competitiveness and brand influence, and further consolidates its leading position in the industry.
China State Construction has been doing business in more than 100 countries and regions in the world, covering investment and development (real estate, construction financing and operation), construction engineering (housing and infrastructure) as well as survey and design (green construction, energy conservation and environmental protection, and e-commerce). In China, China State Construction has built more than 90% of skyscrapers above 300m, three-quarters of key airports, three-quarters of satellite launch bases, one-third of urban utility tunnels and half of nuclear power plants, and one out of every 25 Chinese lives in the house built by China State Construction.
Taking "expanding a happy living environment" as its mission, China State Construction adheres to core values of "quality assurance and value creation" and corporate spirits of "honesty, innovation, transcendence and win-win" to build a world-class enterprise with global competitiveness. It pursues to become the top brand in global investment and construction arena and a banner of China's reform, development and urbanization aimed to realize the Chinese Dream of national rejuvenation.
As the largest engineering contractor in the world,China State Construction represents the highest level in the field of housing construction in China. With its business covering all the fields of urban construction and every aspect of project construction, China State Construction has completed many classic landmark projects at home and abroad featuring the changes of the times and commemorating economic and cultural development. It has also built many major infrastructure projects of rail transit, bridges and urban utility tunnels to serve the national economy and people's livelihood. By continuous optimization of business structure, China State Construction has contracted a large number of high-end projects of large-span factory buildings, exhibition centers and people's livelihood projects, and provided engineering services for high-end manufacturing industry.
As one of the most powerful investors in China, China State Construction makes investment in real estate development, financing, investment and construction projects, and urban comprehensive construction projects. China Overseas Land & Investment Ltd., a subsidiary of China State Construction, is a leading real estate enterprise in China, with its brand value ranking 1st for 14 consecutive years. By strengthening internal resources integration and business cooperation, it specializes in integration of investment, development, design, construction, operation and services, and established a mature system for investment operation and risk management, with rich experience in investment and financing management and a large number of professional experts. It also provides financial services to promote integration of industry and finance. Fangcheng Investment & Development Group Co., Ltd., another subsidiary of China State Construction, makes investment in new type of urbanization for land plot development and land value improvement with unique capacity of integrated urban construction.
China State Construction is the largest architectural design enterprise in China, with its business covering many fields including architectural design, urban planning, engineering survey and municipal public works design, especially in planning and design of high-end airports, landscape gardens, sewage treatment, utility tunnels and sponge city. It develops fast in construction of new towns and infrastructure and has completed a large number of outstanding architectural design works with national characteristics; in addition, it leads the industry in original design, technological innovation and standards.
China State Construction is the representative and leader of the "Belt and Road" Initiative and the organizer and leader of integrated service value chain of investment, construction and operation of overseas projects. China State Construction is one of the first groups of Chinese companies to go global. Its overseas business can be traced back to the 1950s'. So far, it has nearly 10,000 managers and engineering technicians abroad. Since the "Belt and Road" initiative was proposed in 2013, China State Construction made full use of its advantages in the brand "CSCEC", implemented the golden principle of "consultation, contribution and shared benefits" to integrate internal resources to explore international market, and help the countries along the "Belt and Road" to improve infrastructure and improve local people's livelihood.