Founded in 1982, China State Construction Engineering Corporation (hereinafter “China State Construction” and “CSCEC”) is now a global investment and construction group featuring professional development and market-oriented operation.
China State Construction carries out business management through its public company – China State Construction Engineering Corporation Ltd. (stock code 601668.SH), and has eight listed companies and more than 100 subsidiaries.
In 2021, China State Construction saw its new contract value hit 3.53 trillion yuan, with a year-on-year increase of 10.3%. China State Construction’s total operating revenue was 1.89 trillion yuan, with a year-on-year increase of 17.1%. The net profit attributable to the shareholders of the listed company was 51.41 billion yuan, with a year-on-year increase of 14.4%. Earnings per share was 1.25 yuan, with a year-on-year increase of 16.8%. China State Construction is an enterprise in the global construction industry with newly signed contract value and operating revenue both reaching 1 trillion yuan. China State Construction has moved up to No. 9 on the 2022 Fortune Global 500 list, No. 3 on the list of China’s top 500 companies, and topped Engineering News Record’s (ENR) Top 250 Global Contractors list. The company also received the highest credit rating in the global construction industry. China State Construction’s market competitiveness and brand influence have continued to improve, and its leading position in the industry has been further consolidated.
China State Construction has been doing business in more than 100 countries and regions around the world, covering investment and development (real estate, construction financing and operation), construction engineering (housing and infrastructure) as well as survey and design and new business (green construction, energy conservation and e-commerce). In China, China State Construction has built more than 90% of skyscrapers above 300 meters, three-quarters of key airports, three-quarters of satellite launch bases, one-third of urban utility tunnels and half of nuclear power plants. One out of every 25 Chinese people lives in a 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.
References:
China State Construction Engineering Corporation Ltd. (cscec.com)
Last update: Dec 27th, 2023
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