On April 18, China Construction Group Co., Ltd. released its annual report for 2022.
CSCEC is one of the investment and construction groups with the longest professional development, the earliest market-oriented operation, the highest degree of integration and the largest scale in the world. It is in the leading position in the fields of housing construction, infrastructure construction and investment, real estate development and investment, survey and design, etc. CSCEC ranked 9th on the 2022 Fortune Global 500 list, 3rd on the Fortune China 500 list, and continued to top the Engineering News Record (ENR) "Top 250 Global Contractors" list.
In 2022, the newly signed contract value was 3.9 trillion yuan, with a year-on-year increase of 10.6%; the operating income was 2.06 trillion yuan, with a year-on-year increase of 8.6%; the net profit was 50.95 billion yuan, with a year-on-year decrease of 1.2%; by the end of 2022, the total assets of China Construction were 2.65 trillion yuan, with a year-on-year increase of 10.8%. The
report shows that the business performance of China Construction has reached a new high. The newly signed contract value in 2022 is RMB 3,903.1 billion, with a year-on-year increase of 10.6%; the newly signed contract value of construction business is RMB 3,501.5 billion, with a year-on-year increase of 12.7%; According to business segments,
these construction businesses are divided into four categories: housing construction, infrastructure, real estate and design. From the perspective of order volume, housing construction and infrastructure businesses have always occupied the core position of China Construction Group. During the
reporting period, the company's housing construction business grew steadily and continued to maintain a leading position in the high-end market. The value of newly signed contracts of the Company's housing construction business in the whole year was 24728 billion yuan, up 9.9% year on year; the operating income was 1,265.1 billion yuan, up 10.3% year on year; the gross profit was 100.7 billion yuan, up 12.2% year on year. The
real estate business achieved a contracted sales of 401.6 billion yuan, a year-on-year decrease of 4.9%, a contracted sales area of 17.22 million square meters, a year-on-year decrease of 19.7%, an operating income of 282 billion yuan, a year-on-year decrease of 14.8%, and a gross profit of 53.5 billion yuan, a year-on-year decrease of 23.3%.
The newly commenced area of real estate projects was 22.36 million square meters, with a year-on-year decrease of 20.6%; the completed area was 25.71 million square meters, with a year-on-year decrease of 19.7%; the area under construction was 74.7 million square meters, with a year-on-year decrease of 15.4%. The company purchased 100 pieces of new land throughout the year, with a land reserve of 93.03 million square meters at the end of the period and a new land reserve of 14.89 million square meters, with a total amount of 184.72 billion yuan. The
report shows that total assets increased by 257.6 billion yuan this year, mainly due to an increase of 68.1 billion yuan in inventory, 46.9 billion yuan in contract assets, 42.3 billion yuan in other non-current assets, 29.8 billion yuan in accounts receivable and 25 billion yuan in investment real estate. By
the end of 2022, CSCEC's accounts receivable amounted to RMB210.43 billion, representing a year-on-year increase of 27.5%, which was mainly due to the increase in the overall business scale and the increase in the volume of accounts receivable.
Established in 1982, CSCEC is one of the largest investment and construction groups in the world with the longest professional development, the earliest market-oriented operation, the highest degree of integration in China. It has 8 listed companies and nearly 100 secondary holding subsidiaries.
Among these secondary holding companies, the financial situation of the following 20 subsidiaries is disclosed in the 2022 report of China Construction, which includes total assets, net assets and net profits.
Total Assets List:
Net Assets List:
Net Profit List:
According to these data, China Shipping Group and China Overseas Development are not only the major net profit makers in China's construction system. It is also the most profitable among the hundreds of sub-units of the central construction enterprises. China Shipping Group will create a net profit of 26.4 billion yuan in 2022, accounting for 29.72% of the total profit of the group; China Overseas Development will create a net profit of 18.46 billion yuan, accounting for 20.78% of the total profit of the group.
Among all the engineering bureaus, the Eighth Bureau of China Construction won the first place, followed by the China Construction Third Engineering Bureau, which generated net profits accounting for 13.79% and 12.86% of the total profits of the group respectively.
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