China State Construction's operating performance in January-February 2026 is improving, marking a steady start to the "14th Five-Year Plan."

Recently, China State Construction Engineering Corporation (601668.SH) released a brief on its operational performance for January-February 2026. In the first two months of 2026, China State Construction achieved a total new contract signing amount of 719.8 billion yuan, a year-on-year increase of 0.9%, with the overall order scale maintaining a steady upward trend.

In terms of construction business, new contracts signed amounted to 693.5 billion yuan, up 1.9% year-on-year. Among them, housing construction contracts reached 489.9 billion yuan, a 9.6% increase; infrastructure projects totaled 202.0 billion yuan; survey and design services accounted for 1.6 billion yuan. By region, domestic business was 660.9 billion yuan, up 0.9%; overseas business was 32.6 billion yuan, up 26.6%, showing strong growth momentum overseas. In physical volume indicators, the construction area for housing was 1,402.09 million square meters; new construction area was 30.6 million square meters; completed area was 20.79 million square meters, an increase of 19.8% year-on-year.

In the real estate sector, China State Construction’s contract sales for January-February 2026 totaled 26.3 billion yuan, with a contract sales area of 840,000 square meters. The company purchased 70,000 square meters of land, and at the end of the period, land reserves amounted to 67.82 million square meters.

Meanwhile, China State Construction announced recent major project acquisitions totaling 27.83 billion yuan. These include six housing construction projects, mainly focusing on the general contracting of the Li Song Lang community land consolidation project in Guangming District, Shenzhen, Guangdong; the general contracting of the submerged liquid cooling intelligent computing center demonstration project in Yaan, Sichuan; the EPC general contracting of infrastructure construction for the new display industry park in Mianyang, Sichuan; the Phase II data center project in Jakarta, Indonesia; the design, procurement, and construction EPC of the new energy battery R&D and manufacturing project in Dangshan County, Suzhou, Anhui; and the residential project on Plot F1b-01, Zhangjiabang wedge-shaped green space, Pudong New Area, Shanghai. One infrastructure project was also included: the construction and operation of the Fujian Fuzhou MinTai Economic and Trade Sustainable Development Industrial Park and supporting infrastructure (Phase I).

The 2026 Two Sessions outlined a new blueprint for high-quality development in the construction industry at the start of the “14th Five-Year Plan,” injecting strong policy momentum into China State Construction. The related report explicitly proposed 109 major projects across six areas during the “14th Five-Year Plan,” driven by government investment to mobilize social forces, opening broader development space for construction. The report emphasized “high-quality urban renewal,” assigning it a dual mission of “expanding domestic demand + enhancing capacity,” which will become a new blue ocean for business growth. The Two Sessions elevated the construction of “good houses”—safe, comfortable, green, and smart—to an unprecedented level, supporting the implementation of quality improvement projects for housing and driving revolutionary upgrades in construction technology. Leveraging its strong resource integration and technological innovation capabilities, China State Construction will demonstrate its responsibility as a central enterprise in major national projects, play a leading role in urban renewal narratives, and set benchmarks in the wave of “good house” construction, achieving high-quality development and value revaluation.