On the evening of January 7, China State Construction Engineering Corporation Limited(601668) (601668. SH) announced the business performance from January to December 2021. In 2021, the total amount of new contracts signed by the company was 35295 billion yuan, an increase of 10.3% year-on-year. It once again broke the order record of global construction enterprises and successfully crossed the order mark of 3.5 trillion yuan.
In terms of construction business, the newly signed contract amount was 3107.4 billion yuan, a year-on-year increase of 12.1%. In December 2021, the newly signed contract amount reached 466.1 billion yuan in a single month, with a year-on-year increase of 42.7%. Among them, the real estate construction business realized 2250.6 billion yuan, a year-on-year increase of 8.3%; In December, the monthly housing construction business reached 282 billion yuan, a year-on-year increase of 78.5%. Infrastructure business reached 843.9 billion yuan, a year-on-year increase of 24.1%; The survey and design business reached 12.9 billion yuan. The domestic business of the company reached 2955.7 billion yuan, a year-on-year increase of 14.1%; Overseas business reached 151.7 billion yuan. In terms of physical indicators, the construction area under construction totaled 1692.83 million square meters, a year-on-year increase of 9.8%; The new construction area was 384.79 million square meters, a year-on-year increase of 12.4%; The completed area was 241.76 million square meters, a year-on-year increase of 26.7%.
In terms of real estate business, the contract sales from January to December were 42.21 billion yuan, with a contract sales area of 21.43 million square meters. In addition, the newly purchased land reserve of the company is 18.42 million square meters, and the total land reserve at the end of the period is 105.41 million square meters, which is sufficient.
In December, the direction of major national strategic projects was added in the field of special debt investment, and it is required to increase the support for major projects such as water conservancy and urban pipe network construction. Under the tone of “two new and one heavy”, the market share of high-quality central enterprises and local state-owned enterprises in the field of infrastructure construction continues to rise, China State Construction Engineering Corporation Limited(601668) as the leader of infrastructure construction, its advantageous position in the industry may be further strengthened. At the same time, combined with the expectation of infrastructure supporting the economy in the first quarter of this year and the two sessions after the year, it is expected to form a good commencement expectation and benefit the blue chip valuation of construction. (CIS)
(source: China Securities Journal · China Securities Network)
