about us > company profile
Overview of china state construction engineering corporation (cscec)
China State Construction Engineering Corporation (CSCEC), formally established in 1982, is the largest investment and construction group globally. It's also the most professional, market-oriented, and integrated group in China. CSCEC has consistently demonstrated remarkable growth, with average annual revenue increasing tenfold every twelve years. The group operates primarily through its publicly listed subsidiary, China Construction Group Limited (Stock Code: 601668.SH), and manages over 100 secondary holding subsidiaries.
Key financial performance
In 2018, CSCEC secured contracts totaling RMB 2.63 trillion. Its revenue and total profits ranked 4th and 8th respectively among China’s 97 central state-owned enterprises. The company achieved an 'A' rating in the operating performance assessment for the 14th consecutive year, reflecting exceptional management and results. CSCEC consistently ranks highly in global rankings, including 21st in the Fortune Global 500, 3rd in the Fortune China 500, and 44th in the Global 500 Brand Value.
Credit ratings and recognition
CSCEC holds an 'A' credit rating from all three major international rating agencies: Standard & Poor's, Moody's, and Fitch. This is the highest credit rating achievable within the global construction industry, demonstrating the company's financial stability and reliability. The consistent achievement of these high ratings reinforces CSCEC’s position as a trusted and reputable partner both domestically and internationally.
Business segments
CSCEC’s business scope is vast and diversified, encompassing several key sectors. These include investment and development (real estate development, build-to-finance, holding and operation), engineering construction (building construction, infrastructure construction), survey and design, and new businesses (green building, energy conservation, e-commerce). This integrated approach allows CSCEC to offer comprehensive solutions across the entire construction lifecycle.
Significant project contributions
CSCEC has significantly contributed to China’s infrastructure development and modernization. The company's involvement is substantial in various key projects:
- Over 90% of skyscrapers exceeding 300 meters in China
- Three-quarters of major airports
- Three-quarters of satellite launch bases
- One-third of urban integrated pipe galleries
- One-half of nuclear power plants
Global reach and international operations
CSCEC's operational footprint extends beyond China, with projects and business activities spanning over 100 countries and regions worldwide. The company's international expansion demonstrates its capabilities and commitment to delivering high-quality construction solutions on a global scale. CSCEC actively seeks partnerships and opportunities to contribute to infrastructure development and economic growth in various nations, solidifying its position as a global leader in the construction industry.