China State Construction Reports RMB 975.8B H1 Revenue, Overseas Contracts Up 45.3%

The construction industry is undergoing a phase of deep adjustment and transformation, with traditional growth models facing challenges as the sector accelerates its shift toward high-quality development. In recent years, construction firms have steadily increased investment in technological innovation. Supported by policy initiatives, pilot programs for intelligent construction and demonstrations of new industrialized building methods have progressed, while industry-wide research and development intensity has risen annually. From policy guidance to market practice, breakthroughs in intelligent construction, green and low-carbon approaches, and digital enablement are driving the industry's transition from labor-intensive to technology-intensive operations.

The industry's business structure continues to optimize, with companies expanding into new infrastructure, urban renewal, new energy projects, and computing infrastructure. China State Construction Engineering Corporation (CSCEC), for example, reported first-half 2026 revenue of RMB 975.8 billion and new contracts of RMB 2.46 trillion. Its gross margin improved by 0.9 percentage points, and overseas new contracts grew 45.3% year on year, far outpacing domestic growth.

In technological innovation, CSCEC's deeply involved projects have received the National Science and Technology Progress Award. The company has independently developed intelligent equipment such as lightweight aerial building machines, 5G smart tower cranes, and construction robots, and has advanced more than 270 digital application scenarios. Its building energy management intelligent agent was selected as a typical artificial intelligence application case by the Ministry of Industry and Information Technology.

In terms of business implementation, CSCEC leverages its technological expertise to participate in the national "six networks" initiative. Contract values in niche segments such as industrial plants, data centers, and warehousing and logistics have grown rapidly. Its "good housing" construction system has been applied in 154 projects, while its technical strength supports international expansion, with landmark projects delivered in multiple global locations.