Core Viewpoint - China State Construction Engineering Corporation (CSCEC) has achieved a record high in new contract signing for 2025, totaling 45,458 billion yuan, marking a 1% year-on-year increase [1][2]. Group 1: Contract Signing and Business Performance - In 2025, CSCEC's new contracts in the construction sector reached 41,510 billion yuan, reflecting a 1.7% increase year-on-year [1][3]. - The infrastructure business contributed 14,728 billion yuan, with a growth of 4.1%, while the housing construction business saw a slight increase of 0.5% to 26,654 billion yuan [3]. - The company reported a total of 39,253 billion yuan in domestic contracts, up 1.4%, and 2,257 billion yuan in overseas contracts, which grew by 6.9% [3]. Group 2: Research and Development - CSCEC has invested approximately 2,053 billion yuan in R&D over the past five years, ranking first among A-share listed companies [1][9]. - The company holds 70,887 valid patents, including 11,976 invention patents, showcasing its commitment to innovation [1][9]. Group 3: Strategic Focus and Market Expansion - CSCEC is prioritizing the expansion of its overseas business, aiming to enhance its effectiveness and adaptability in new markets [1][5]. - The company has recently secured significant projects totaling 320.9 billion yuan, including various infrastructure and housing projects [4]. Group 4: Financial Performance - In 2022, CSCEC's revenue surpassed 2 trillion yuan for the first time, reaching 2.06 trillion yuan, a year-on-year increase of 8.58% [7]. - However, in the first three quarters of 2025, the company reported a revenue decline of 4.20% year-on-year, totaling 1.56 trillion yuan, with a net profit of 381.82 billion yuan, down 3.83% [7][8].

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) disclosed the 2024 salary information for 87 central enterprises, highlighting that 20 of these enterprises have executives earning over 900,000 yuan annually, primarily in the energy and power sectors [2][5]. Group 1: Salary Information - Among the 87 central enterprises, 20 executives have annual salaries exceeding 900,000 yuan, with 9 of them earning over 950,000 yuan [5][6]. - The highest reported salary is 980,000 yuan for Zhang Zhigang, Chairman of State Grid Corporation, reflecting his dual roles in 2024 [6][9]. - Other notable salaries include 978,500 yuan for Dai Houliang of China National Petroleum Corporation and 966,900 yuan for Wang Dongjin of China National Offshore Oil Corporation [9][10]. Group 2: Industry Focus - The energy and power sector dominates the high salary rankings, with major players like State Grid, China National Petroleum, and China Southern Power Grid leading the list [6][9]. - In the Guangdong-Hong Kong-Macau Greater Bay Area, four central enterprises have executives earning over 900,000 yuan, including China Southern Power Grid and China General Nuclear Power Group [11][12]. - The performance of these enterprises is strong, with State Grid reporting total revenue of 3.9459 trillion yuan and net profit of 77.298 billion yuan for 2024 [9][12]. Group 3: Performance Metrics - China Southern Power Grid achieved total assets of 1.3491 trillion yuan and revenue of 853.4 billion yuan in 2024, with a net profit of 19.7 billion yuan [11][12]. - China General Nuclear Power Group reported revenue of approximately 86.804 billion yuan, with a net profit of about 10.814 billion yuan [13]. - The overall performance of these enterprises indicates a robust financial health, contributing to their high executive compensation [9][10].

Core Viewpoint - The announcement details the election of a new employee representative director, Shan Guangxiu, to the Board of Directors of China State Construction Engineering Corporation, maintaining the current board composition [1]. Group 1 - The third meeting of the employee representative congress was held, resulting in the unanimous election of Shan Guangxiu as the employee representative director [1]. - Shan Guangxiu was previously a non-employee representative director and will now serve as an employee representative director for the same term as the current board [1]. - The election complies with the Company Law and relevant regulations, ensuring that the number of employee representatives does not exceed half of the total board members [1].

格隆汇1月18日丨中国建筑(601668.SH)发布公告，公司召开第三届职工代表大会第四次会议，经公司职 工代表民主选举，会议一致同意选举单广袖为公司第四届董事会职工代表董事，任期与第四届董事会任 期一致。 ...

格隆汇1月18日丨中国建筑(601668.SH)发布公告，公司召开第三届职工代表大会第四次会议，经公司职 工代表民主选举，会议一致同意选举单广袖为公司第四届董事会职工代表董事，任期与第四届董事会任 期一致。 ...

关于选举职工代表董事的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 证券代码：601668 证券简称：中国建筑 公告编号：临 2026-002 中国建筑股份有限公司（以下简称"公司"）召开第三届职工代表大会第四 次会议，经公司职工代表民主选举，会议一致同意选举单广袖女士为公司第四届 董事会职工代表董事，任期与第四届董事会任期一致。单广袖女士原为公司第四 届董事会非职工代表董事，本次选举完成后，其变更为公司第四届董事会职工代 表董事，公司第四届董事会人员构成不变。 单广袖女士符合《公司法》等相关法律法规及《公司章程》中关于职工代表 董事的任职资格和条件。本次选举职工董事工作完成后，公司第四届董事会中兼 任公司高级管理人员以及由职工代表担任的董事人数总计未超过公司董事总数 的二分之一，符合有关法律法规和规范性文件及《公司章程》的规定。 特此公告。 中国建筑股份有限公司董事会 二〇二六年一月十八日 1 ...

来源：商业律法通 同处上海滩，同饮黄浦江水，同战建筑赛道 两大建筑"沪爷"似乎走出了冰火两重天的轨迹 近期，两份建筑业重量级榜单在朋友圈和微信群刷屏，榜单的背后揭开的是建筑业版图的深刻变局。 01 规模对决：狂飙的万亿版图 vs 退守的千亿收缩 数据从不说谎，它清晰标记出两家企业一进一退的身位差。 中建八局 展现的是典型的"国家队"式狂飙， 即依托中国建筑的庞大体系，实现了跨地域、跨领域的规 模化扩张。 一份是中国建筑业协会发布的 《2025中国建筑业企业200强统计分析》 ， 中建八局 以4814.38亿元营 收、140.79亿元净利润，第二次登顶"双料榜首"，净利润规模比肩一级建筑央企。 其公开信息显示，中建八局早在2024年新签合同额便已突破万亿，是业内公认的"宇宙工程局 " 。 在这 份以营业收入为单一维度的榜单上，同在上海滩的 上海建工 集团依然以3002.17亿元位列行业前列。 另一份是第三方机构发布的 《2025年全国工程建设中标百强榜》 ，以 新签合同额 （行业 "订单储 备"和"未来粮仓"的核心指标 ） 为指标，足以揭示行业版图的最新动向。 榜单显示， 中建八局以 2722.48亿元遥遥领先 ...

Core Viewpoint - The housing construction sector experienced a slight increase of 0.03% on January 16, with Shanghai Construction leading the gains, while the overall market indices showed a decline [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4101.91, down 0.26% [1] - The Shenzhen Component Index closed at 14281.08, down 0.18% [1] - The housing construction sector's individual stock performance varied, with Shanghai Construction rising by 1.71% to a closing price of 2.98 [1] Group 2: Stock Performance Details - Shanghai Construction (600170) had a trading volume of 4.443 million shares and a transaction value of 1.331 billion [1] - Shaanxi Construction (600248) remained unchanged at 3.59, with a trading volume of 257,600 shares and a transaction value of 93.1699 million [1] - China State Construction (601668) closed at 5.11, with a trading volume of 2.9875 million shares and a transaction value of 1.535 billion [1] - Other notable stocks included High-tech Development (000628) at 50.50, Zhejiang Construction Investment (002761) at 8.67, and Chongqing Construction (600939) at 3.16, all showing varied performance [1] Group 3: Capital Flow Analysis - The housing construction sector saw a net inflow of 151 million from institutional investors, while retail investors experienced a net outflow of 180 million [1] - The detailed capital flow for major stocks indicated that China State Construction had a net inflow of 1.95 billion from institutional investors, while retail investors had a significant outflow of 206 million [2] - Shanghai Construction had a minor net inflow of 30.37 million from institutional investors, with retail investors showing a net inflow of 13.26 million [2]

Group 1 - The construction and decoration sector is experiencing a surge in activity, with several stocks reaching their daily limit up, driven by policy implementation and strong order fulfillment from leading companies [1] - The recent policy actions in the construction decoration industry cover both traditional infrastructure and emerging technology scenarios, indicating a dual demand structure [1][2] - The Ministry of Water Resources has emphasized the need for a modernized water network, which will enhance demand for traditional infrastructure projects such as water supply facilities [2] Group 2 - The Housing and Urban-Rural Development Ministry has released a draft standard for data center design, which sets clear technical and quality requirements for decoration materials in new infrastructure scenarios [2] - Companies like China State Construction have reported significant contract signings, indicating a positive outlook for the industry, with a new contract total of 4.5 trillion yuan expected in 2025 [3] - The industry is shifting from a scale-driven model to one focused on quality and scenario-driven growth, with a need for companies to adapt to technological and environmental standards [4][5]

证券代码：601668 证券简称：中国建筑公告编号：临2026-001 注：由于存在各种不确定性，上述经营指标和数据与定期报告披露的数据可能存在差异，因此相关数据 为阶段性数据，仅供参考。 中国建筑股份有限公司董事会 二〇二六年一月十五日 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 现将本公司2025年1-12月主要经营情况公布如下，供各位投资者参阅。 ...