Industry news

China News Service, Beijing, September 14 (Reporter Zhou Yin) Ernst & Young, a global audit, tax, transaction and advisory service organization, released on the 14th "China Construction Industry Performance Overview for the First Half of 2020" report showing that as of the end of June 2020, China has There were 102,712 construction companies under construction projects, a year-on-year increase of 10.76%. Yang Shujuan, the partner in charge of the EY Greater China Government and Infrastructure Division, said that the outbreak of the new crown epidemic has increased the downward pressure on the Chinese economy. However, with the timely and effective control of the epidemic, the output value of construction companies has quickly recovered; the epidemic has affected construction The impact of the industry is limited. In the first half of 2020, the overall construction industry in China has been steadily rising.

The report also shows that in the first half of 2020, the total amount of contracts signed by construction companies nationwide was RMB 39,087,538 million, a year-on-year increase of 7.39%.

According to Ernst & Young, the report aims to reveal and analyze the performance data of eight major listed construction companies in China to reveal that the construction industry under the pressure of the epidemic is still rising steadily; and to explore the development direction of the industry in the post-epidemic era.

The eight major listed construction companies listed in the report have witnessed a gratifying increase in the value of newly signed contracts. In the first half of 2020, in the face of the impact of the new crown epidemic on the operation of the real economy, in the process of resuming work and production, the cumulative value of new contracts signed by eight listed construction companies in China was RMB 5,063.6 billion, a year-on-year increase of 12.89%.

In terms of operating income, the total operating income of the eight major listed construction companies increased by 7.04% year-on-year; among them, China's construction revenue ranked first in the industry, with a year-on-year increase of 6.24%; China Railway Group ranked first in the industry with a growth rate of 15.04%. Although the overall net profit and net profit margin declined slightly year-on-year, China Metallurgical, China Railway, China Railway Construction and China State Construction's current net profit increased by 13.19%, 10.08%, 5.53% and 2.45% respectively.

Shen Yan, the managing partner of Ernst & Young's construction and engineering industry, emphasized that new infrastructure is the development direction of national key investment and one of the key points of the “dual cycle” pattern; it is foreseeable that the establishment and improvement of the new infrastructure system will bring a new level In the round of industrial adjustment, investment in new infrastructure will also become a new growth point for the development of the construction industry.

Yang Shujuan believes that, as an industry deeply integrated with new infrastructure, the traditional construction industry should break the inherent model, explore the application and combination of high-tech fields, and support the transformation and upgrading of the industry. With the domestic "big cycle" as the main body and the domestic and international "dual cycle" mutual promotion, the construction industry should also make better use of domestic and international resources, seek and seize new opportunities in the domestic and foreign markets, and nurture the characteristics of the times New advantages of participating in international cooperation.