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%. As the only enterprise in the global construction industry with new contract value and operating revenue both reaching 2 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.
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.
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 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.