5 thoughts on “The future trend of the construction industry”
Salvatore
Abstract: The construction industry is one of the important pillar industries in my country. The development of the construction industry plays a key role in my country’s national economic growth. By analyzing the current situation of my country’s construction industry, it predicts the future development direction and trend of the construction industry, and pointed out places where the development and improvement of construction enterprises need to be updated and improved. The keywords: development direction; smart buildings; green buildings construction industry is an industry in which production and operations, which contains construction planning, survey and design, construction of construction accessories, production, installation, construction, construction, construction, and construction The operation and management of the environment. As the main pillar industry in China, the construction industry plays a key role in my country’s employment issues. This article analyzes the special nature of the construction industry and statistical data. Discussing and analyzing, this is also a issue that many architects and construction industries focus on attention. The construction units of construction enterprises refer to a certain construction machinery and equipment, sufficient mobile funds and construction production capacity, and also have the operating qualifications of contract construction engineering tasks. In the construction engineering project, it can be reasonably followed by the owner according to the owner The requirements of the side provide different forms of building products in accordance with national laws and regulations, and obtain the construction unit of the corresponding project funds according to the contract [1]. According to different types of construction, it can be divided into several categories. There are units that specialize in the production of concrete, units that specialize in production of prefabricated components, and units responsible for professional labor export. According to the differences between them provided construction products, they can also be divided into professional production companies such as hydropower, metallurgy, railway, municipalities, or units in various contractors. The building market
1. In the year, the growth of new contracts in the construction industry was not optimistic. In the first three quarters, the construction industry realized the new signing contract of 18.7 trillion yuan, a year -on -year growth rate of 4.38%, less than the third quarter of 2018 (7.46%). According to the historical average, it is expected to achieve a new contract volume of the construction industry in 2019 of 2.8.8 trillion yuan, a year -on -year increase of 5.4%, a decrease of 1.8 percentage points from the same period in 2018.
In 2019, the total output value and added value of the construction industry continued to decline. In the first three quarters, the output value of the construction industry was 16.2 trillion yuan, a year -on -year growth rate of 6.7%, less than the third quarter of 2018 (9.38%). According to historical average, it is expected that the construction industry output value will be about 24.7 trillion yuan in 2019, a year -on -year increase of 5.1%, and a decrease of 4.8 percentage points from the same period in 2018. In the first three quarters, the construction industry achieved an added value of 4.5 trillion yuan, a year -on -year growth rate of 9.3%, less than the third quarter of 2018 (11.2%). According to the historical average, it is expected that the value -added of the construction industry will be about 6.7 trillion yuan in 2019, a year -on -year increase of 9.0%, and a decrease of 3 percentage points from the same period in 2018.
2. The concentration of the industry continues to increase
7 major 7 major in China, China Railway, China Railway Construction, China Power Construction, China Electricity Construction, China Energy Construction, China Metallurgical Metallurgical, China Metallurgical Metallurgy The proportion of the new contract amount of construction central enterprises in the year accounts for all new contract amounts of the construction industry. The market concentration continues to increase, the market share of construction central enterprises has become higher and higher, and the Matthew effect is getting more obvious.
3.PPP continues high-quality development
In Judo-November 2019, 745 projects in the management database of the management library, from January to November 2019, Investment is 11 trillion yuan. The number of net increase projects and investment are less than 50%in the same period in 2018, but the landing rate and operating rate have increased significantly. As of November 2019, the implementation rate of the management library project was 66.1%, an increase of 11.9 percentage points from the end of 2018; the operating rate reached 58.2%, an increase of 10.5 percentage points from the end of 2018. Since the second half of 2019, the PPP project retreat has significantly reduced the trend compared with the first half of the year. The above situation shows that the quality of PPP projects is continuously improved.
4. The foreign contracting engineering market slowly recovers
January-November 2019, my country’s foreign contracting project has completed a total of US $ 208.52 billion, and the turnover has achieved a turnover of 134.97 billion US dollars. It was 86.2%and 79.8%of 2018. The foreign contracted engineering market has slowly recovered in the second half of the year, and as of November, the year-on-year growth rate of the new signing contract increased to 12.5%; the year-on-year growth rate of turnover continued to decline from May, as of November, the growth rate was -2.2%. The countries along the “Belt and Road” performed well. In the first 11 months of 2019, the cumulative new signing contract increased by 41.2%year -on -year, accounting for 61.2%of the foreign contracting project, and the proportion continued to rise.
. Segmentation market performance
1. Investment investment in railway construction maintains stable
In 2019, the national railway fixed assets plan to invest 800 billion yuan, and the actual completion is completed. 802.9 billion yuan, which was the same as the investment completion (802.8 billion yuan) in 2018, and 100.36%of the planned investment amount was completed. The overall performance of the railway fixed asset investment was stable. According to the spirit of the National Transportation Working Conference in 2020, the National Railway Fixed Asset Investment Plan was completed by 800 billion yuan in 2020.
2. Investment in highway construction
2019 The construction of investment in my road in China increased slightly, and the growth rate increased slightly compared to the previous year. In the first 11 months of 2019, my country’s highway construction has completed a total of 2024.214 billion yuan, an increase of 1.89%year -on -year. It has achieved a low point from the low point in 2018, but the increase is less than 2012 and 2013. From the perspective of monthly data, the year -on -year growth rate in 2019 has begun to turn and maintain stability in June, but the month -on -month growth rate continues to fluctuate from the same period in 2018. In 2019 Essence
3. The construction of urban rail transit steadily promotes
In increasing statistics, the mileage of newly added urban rail operations in 2019 reached more than 1,100 kilometers, and achieved significant growth, involving 36 of 36 The results of the city in the first round of urban rail construction have gradually emerged. The newly -constructed line mileage throughout the year exceeded 1100 kilometers, an increase of more than 110%year -on -year, and the total investment scale reached more than 760 billion yuan, indicating that my country’s urban rail transit market still maintained rapid development after experiencing the Baotou subway incident. In terms of approval of urban rail planning construction, in 2019, the National Development and Reform Commission only approved the construction planning of 5 cities, namely Wuhan Phase II Plan, Zhengzhou Third Plan Plan, Xi’an Phase III Planning, Chengdu Phase IV Plan, Beijing City The second -phase planning adjustment, the total length of the construction is about 885 kilometers, and the total investment is about 626.8 billion yuan, indicating that the relevant government departments continue to maintain their prudent attitude in the approval of urban rail planning.
4. The high -speed development of water environmental protection construction
In 2019, under the slow background of infrastructure investment growth, the water environmental protection market still maintains a high -speed growth trend. As of November, the cumulative growth rate of ecological environmental protection and environmental governance investment was as high as 36.3%year -on -year, which was 32.3 percentage points higher than the growth rate of infrastructure investment (4%) in the same period; In the same period, infrastructure investment was 14.2 percentage points. According to the China Environmental Protection Industry Association’s “China Environmental Protection Industry Development Report (2018)”, the total operating income of my country’s environmental protection industry in 2020 is expected to exceed 2 trillion yuan.
5. The housing building market tends to stabilize
In 2019, the construction area of house building maintains a growth trend in fluctuations. The stability of the construction area of the housing construction has a lot to do with the toughness of the real estate market. In the first three quarters, the real estate construction area accumulated a total of 10%year -on -year. The steady development of the real estate market has been deepened by the further deepening of urban policies. The local governments have adhered to the implementation of targeted fine -tuning and ensuring reasonable housing needs. In the first three quarters of 2019, the newly started area growth rate of the housing construction industry was -7.5%, which has been negatively growing for two consecutive quarters. Among them, the growth rate of the newly started area of real estate was 8.6%, indicating that the construction of new construction in other housing except real estate (such as public venues, industrial plant buildings, etc.). From the perspective of real estate land purchase area, the cumulative year -on -year growth rate continued to be negative in 2019, which may affect the growth of new real estate construction and construction area.
. The performance of representative enterprises
1. The growth rate of operating performance rises
2019 in the first three thirds of the central enterprise, The growth rate of operating income has increased significantly compared with the previous year, and the growth rate is more than two digits, which is significantly higher than the growth rate of the new national construction contract (4.38%) and the total output value (6.7%). It can be seen that the market expansion capacity and counter -cyclical regulation capacity of construction central enterprises are strong, the orders of construction central enterprises have accelerated, and the industry concentration continues to increase.
2. The effect of net profit growth and cost control
2019, among the seven major construction central enterprises, the net profit of China’s construction was 44.054 billion yuan, and the highest investment income was the highest investment income to be the highest investment income was 3.239 billion yuan, which is much higher than other companies; the net profit growth of China Railway is as high as 26.7%, which is much higher than other companies; except for China, 5.5%) %) In addition, the net profit growth rate of other buildings exceeded 10%. Compared with data in the first three quarters of 2017 and 2019, it was found that the gross profit margin changes in major construction central enterprises were inconsistent, and the changes in net interest rates were not obvious. In the past three years, except for Chinese architecture and Chinese construction, the three major expenses of other buildings have decreased significantly, of which China ’s traffic construction has decreased by 3.38 percentage points.
3. The cash -in ratio of the central enterprise has significantly improved
It’s cash -in ratio (cash/operating income received by sales of goods and providing labor services), in the past three years, in addition to China In addition to the construction of Jiaotong, China Metallurgy, China, and China, other buildings have improved significantly. From the perspective of cash flow, the business model of engineering construction enterprises is often a net cash expenditure in the first three quarters, and the net cash returns in the fourth quarter. In the past three years, the operating cash flows of central enterprises in major buildings in the first three quarters are generally negative. Among them, the negative value of the net cash flow of China Construction, China Railway, China Traffic Construction, and China Electric Power Construction in 2019 has further expanded.
4. The effect of the “two gold” of the pressure drop gradually appeared
In the context of the supply side of the construction industry, the construction central enterprise actively dropped the “two gold”, which was initially appeared. Since 2017, the turnover rate of “two gold” of major construction central enterprises has ended, and has been increasing since 2018. From the perspective of the “two gold” scale, except for China Electricity Construction, the total amount of “two gold” of other construction central enterprises has decreased; from the perspective of relative value, the turnover rate of “two gold” in addition to China Electricity Construction and China Obviously, the turnover rate of “two gold” of other construction central enterprises has increased significantly, of which China’s traffic construction has increased the largest.
5. Strategic activities are increasingly frequent
2019 construction central enterprises and their subsidiaries, representative local state -owned enterprises and outstanding private enterprises’ strategic activities. The main manifestations are the following seven aspects:
It is to accelerate the promotion of industrial transformation and product structure adjustment, mainly concentrated in the fields of prefabricated buildings, investment operations, housing construction, water and environmental protection, such as China Construction Bureau With China Construction Science and Technology Investment and Construction of the Instal Construction Smart Factory, China Construction Fourth Bureau established the first prefabricated architectural design center. China Railway Construction established China Railway Construction Highway Operation Co., Ltd.. China Communications Construction clearly explicitly super high -rise buildings and high -rise buildings Organic buildings are two important improvement directions.
It is to continue to increase domestic regional operations. Chinese buildings, China Railway, China Railway Construction, China Communications, Tunnel Stocks, Shanghai Construction Industry and other companies have targeted in hot spot areas such as Guangdong, Hong Kong, Macao, and Yangtze River Delta. Essence
three is the focus of overseas markets to become major construction companies. For example, China Railway Construction established an international investment company, and in 2019 has established five branches in the UAE; the China Communications Second Airlines Bureau established the establishment of the Second Airlines Bureau of China. Southeast Asia, Middle East, South America, Eastern Africa, South Asia, and Eastern Europe, all of which were put into operation; Chinese architecture has established Turkish Co., Ltd. and Georgia Branch to enter the West Asia market.
According to the data of the “China Civil Construction Industry Development Prospects and Investment Strategic Planning Analysis Reports” data showed that from 1998 to 2011, the new construction area of China’s real estate industry continued to increase, and its growth rate remained above 10%, but fluctuated greater. In 2011, the new construction area of China’s real estate industry was 1.90 billion square meters, an increase of 16.15%year -on -year, compared with the previous year’s 40.56%year -on -year growth rate of 24.41%, and the growth rate slowed down significantly. Among the new start -up area, the new construction area of residential, office buildings and commercial operating housing was 1.460 billion square meters, 53.61 million square meters, and 207 million square meters, respectively, and their proportion was 76.83%, 2.82%and 10.87%. Mainly residential. “Analysis Report on the Planning of the Development and Investment Strategic Planning of China’s Civil Construction Industry in 2013-2017” believes that China is in a period of urbanization and industrialization. Investment is one of the important factors to promote China’s economic growth. Benefiting from the rapid growth of fixed asset investment and real estate investment, the acceleration of urbanization, and the advancement of the construction of new rural areas, the Chinese civil construction industry has maintained rapid development for a long time. The report introduces the development prospects of the civil construction industry from the analysis of various market segments of civil buildings. It is now analyzed from residential buildings and office buildings. . The prospect of the market prospects for residential construction construction “Analysis Report on the Planning and Investment Strategic Planning of the Chinese Civil Construction Industry in 2013-2017” The proportion of residential investment accounts for about 70%of the total investment, the proportion of investment in office buildings is about 4%, and the proportion of commercial operating housing is about 12%. In the 11 years of 1998-2008, the proportion of its proportion was presented. Decrease trend. In the future, the absolute advantage of residential investment will not change, so residential construction engineering will still be the market that house construction engineering enterprises should mainly strive. The urbanization rate of my country’s urbanization in 2011 reached 51.27%, and according to this, the urban population in my country has reached 690 million. According to my country’s urbanization development plan, “2013-2017 China Civil Construction Industry Development Prospects and Investment Strategic Planning Analysis Report” It is estimated that by the end of 2020, the total population of my country’s town is expected to reach 840 million, and the per capita residence area is expected to reach 35 square meters. At the end of 2011, the per capita housing area of urban residents in our country was 32.7 square meters per person, and the residential stock was about 2124 billion square meters. In addition, about 6 billion square meters of existing stocks faced depreciation or demolition. New housing about 14.2 billion square meters
According to the “2013-2017 China Smart Construction Industry Development Prospects and Investment Strategic Planning Analysis Report” released by the Foresight Industry Research Institute, the continuous growth of my country’s construction industry output value has promoted the development of construction intelligent industries. After exceeding 20 billion yuan, it also developed with a growth trend of more than 20%per year. In 2012, the market size reached 86.1 billion yuan. my country’s intelligent construction industry is still in a period of rapid development. With the continuous progress of technology and the extension of the market, the prospects for the smart building market in the next few years will still be huge.
Sminton buildings are generated with the requirements of human beings on information exchange, security, comfort, convenience and energy saving in inside and outside the building. Intelligent buildings and energy -saving industries emphasize user experience and have endogenous development momentum. The intelligentization of architecture improves customer work efficiency, improves the application of architecture, and reduces the cost of use, which has become a development trend. The “Analysis Report on the Planning of the Development and Investment Strategic Planning of China’s Intelligent Construction Industry in 2013-2017” shows that in 2012, the proportion of smart buildings in new buildings in my country was only about 26%, far lower than 70%of the United States, 60%of Japan, and markets. Expansion space is huge.
. At the same time, the continuous advancement of urbanization in my country in China has also provided fertile soil for the development of smart buildings. my country has an average of about 2 billion square meters of new buildings every year. The forward-looking process is expected to last 25-30 years. Based on the “12th Five -Year Plan” at the end of the “Twelfth Five -Year Plan”, the proportion of smart buildings in new buildings in domestic buildings was nearly doubled. In the next three years, the growth rate of the smart building market will remain at about 25%, and the market will exceed 100 billion in 2013.
It’s future trend is simple. It is the intelligentization of the construction industry. In recent years, the rapid development of smart buildings is also a favorable proof of this trend.
The analysis of the current status of the construction industry and its future forecast The construction industry is divided into “narrow construction industry” and “broad construction industry”. The narrow construction industry mainly includes the production of construction products (that is, construction) activities, and the broad construction industry It covers the production of building products and all services related to building production, including planning, survey, design, building materials and finished products and semi -finished products and semi -finished products Consultation and intermediary services, etc., reflect the entire economic activity space of the construction industry. The construction industry talked about in the article is a narrow construction industry. In fact, whether in a narrow sense or a broad sense, the construction industry, as a pillar industry of the national economy, inevitably has the correlation between the macroeconomic situation and the sensitivity of policy, which determines that when the construction enterprise is developed, it will pay close attention to the national macroeconomic policy, and Dynamic and various economic indicators. Various data show that in the next few years –
The development prospects for the construction industry
in recent years, my country’s economic growth has been growing at a high speed. The data released by the National Bureau of Statistics It shows that in the first half of 2006, my country’s economic growth was 10.9%, and the annual growth rate was expected to be not less than 10%. Moreover, from the perspective of the overall economic development of the country, my country’s industrial production, construction, retail sales and other fundamental conditions have always maintained well, which means that the Chinese economy has continued to grow rapidly in the next few years. According to expert forecasts, as of the next few years, the average annual growth rate of China’s GDP is expected to exceed the officially formulated 7.5%goal. According to the situation of my country’s future fixed asset investment, the prediction of the total demand for the future construction industry is: by 2010, the total output value (turnover) of the construction industry is expected to exceed 90 billion yuan, an average annual increase of 7 %, and the construction industry will increase The value will reach more than 1500 billion yuan, with an average annual growth of 8 %, accounting for about 7 % of the GDP. Specifically, in the future, the hotspots of the construction industry will be concentrated in the following aspects:
railway construction. During the “Eleventh Five -Year Plan” period, there will be a large -scale railway construction period in China. The railway department plans to continue to transfer and arrange more than 200 new construction projects, including 28 passenger line projects, with a total investment of 1250 billion yuan. As the first year of the “Eleventh Five -Year Plan”, railway construction has shown a situation in full swing. It is understood that in the first half of this year, my country ’s basic construction investment was 62.19 billion yuan, a year -on -year increase of 1.9 times. Among them, the large and medium -sized projects of railway infrastructure projects completed 61.364 billion yuan, a year -on -year increase. It is foreseeable that a new round of large -scale construction of railways in my country is about to begin. With the release of railway investment and looseness to participate in the qualifications of railway construction projects, the railway construction market will become another segmented industry market full of opportunities in construction enterprises.
In highway construction. According to the specific goals of the highway water transportation traffic that have been determined by the Ministry of Transport and the development of the development of 2020 and the strategic goals of the middle of this century, by 2020, the highway will basically form a skeleton highway network consisting of the national main road and national key roads to build the east and central regions The highway network and the eight provincial road channels in the highway network and the western region, 45 main hubs and 96 national highway hubs; by 2010, the total mileage across the country reached 2 million kilometers, of which more than 35,000 kilometers of highways; by 2020, by 2020, The total mileage across the country reached more than 2.5 million kilometers, and the highway reached more than 70,000 kilometers. Therefore, in the next 10-20 years, it should be a period of continuous and stable development of roads and bridges in my country.
The urban orbit construction. According to a report completed by the China Transportation Association’s Urban Rail Transit Professional Committee, my country has now entered a new period of rapid development of urban rail transit. At present, in more than 40 major cities with more than 40 million people in China, more than 30 cities have carried out the preliminary work of urban rapid track construction or construction. About 14 large cities reported to the planning plan for urban rail transit networks. Build 55 lines, about 1500 kilometers long, with a total investment of 500 billion yuan. In the “Eleventh Five -Year Plan”, the mileage of subways and light rails in large cities across the country will exceed 1500km in the future, with a total investment of more than 200 billion yuan.
The construction of water transport port. With the rapid and rapid development of China’s economy, my country’s ports, especially coastal ports, have maintained a rapid development trend. This year, the construction of ports planned in accordance with the “Eleventh Five -Year Plan” has been started one after another, showing a wave of port construction, and the investment scale is calculated for 10 billion yuan and 100 billion yuan. The characteristics of rich funds. It is understood that in the next five years, the Ministry of Transport will further expand funding channels, expand the scale of water transportation construction funds, and increase investment in infrastructure such as the Yangtze River channels and inland ports. The construction of large -scale water transport ports and the large -scale and professional transformation of existing dock berths will provide more opportunities and markets for the development of the construction industry.
city construction.首先,从城市化率来看,目前我国城市化率只有31%,低于世界平均水平15个百分点,根据对中国经济增长的潜力和中国人口增长的综合分析,可以预测,未来20年内,中国The level of urbanization will be increased to about 60 %, which means that the urbanization rate needs to increase by about 1.5 percentage points each year. Secondly, from the functional partitions of my country’s cities, the functional partitions of many cities in my country are not reasonable. In order to maximize the value of urban land, it will be re -divided into functional zones. This will lead to a large number of urban housing resources now. Re -optimizing the configuration, many need to be supported and reconstructed.
real estate. In the past two years, in order to promote the healthy development of the real estate market, the state has introduced a series of macro -control policies. The growth rate of real estate investment has been preliminarily curbed. Construction demand is still one of the market markets that the construction industry should focus on. With reference to the growth rate of residents’ income and housing transformation in the past 20 years, the per capita housing area of urban residents in China may reach 35 square meters in 2020, that is, the average existing urban residents of each household will increase by more than 10 square meters. Therefore, it can be boldly asserted that in the future for a long time, although real estate developers may face a reshuffle situation, the real estate industry will be in the golden period of stable development.
energy construction and energy dispatching project. In the process of rapid economic development in my country, the contradictions of insufficient energy sources have emerged. In the future, energy construction, including thermal power, hydropower, and nuclear power, will continue to continue, and energy dispatching projects such as water, electricity, and gas will also be fully launched and continued. At the same time, the “Eleventh Five -Year Plan” will further increase the exploration and development of domestic coal, oil, and natural gas, actively develop hydropower, accelerate the development of nuclear power, and encourage the development of new energy and renewable energy; Use the increase in the international energy market and ensure supply to ensure the realization of the “Eleventh Five -Year Plan” economic and social development goals.
In addition to the above, high -speed economic growth trends and the large -scale national fixed asset investment during the “Eleventh Five -Year Plan” period will be more in the construction market, such as metallurgy, chemical industry, electronic engineering, etc. Essence In the next few years, construction companies will show their heroes on the big stage of the building and show their skills.
The broad development prospects of the construction industry have provided rare opportunities for employees.
Abstract: The construction industry is one of the important pillar industries in my country. The development of the construction industry plays a key role in my country’s national economic growth. By analyzing the current situation of my country’s construction industry, it predicts the future development direction and trend of the construction industry, and pointed out places where the development and improvement of construction enterprises need to be updated and improved.
The keywords: development direction; smart buildings; green buildings
construction industry is an industry in which production and operations, which contains construction planning, survey and design, construction of construction accessories, production, installation, construction, construction, construction, and construction The operation and management of the environment. As the main pillar industry in China, the construction industry plays a key role in my country’s employment issues. This article analyzes the special nature of the construction industry and statistical data. Discussing and analyzing, this is also a issue that many architects and construction industries focus on attention.
The construction units of construction enterprises refer to a certain construction machinery and equipment, sufficient mobile funds and construction production capacity, and also have the operating qualifications of contract construction engineering tasks. In the construction engineering project, it can be reasonably followed by the owner according to the owner The requirements of the side provide different forms of building products in accordance with national laws and regulations, and obtain the construction unit of the corresponding project funds according to the contract [1]. According to different types of construction, it can be divided into several categories. There are units that specialize in the production of concrete, units that specialize in production of prefabricated components, and units responsible for professional labor export. According to the differences between them provided construction products, they can also be divided into professional production companies such as hydropower, metallurgy, railway, municipalities, or units in various contractors.
The building market
1
2019 Construction Industry Development Exhibition
. The overall performance of the industry
1. In the year, the growth of new contracts in the construction industry was not optimistic. In the first three quarters, the construction industry realized the new signing contract of 18.7 trillion yuan, a year -on -year growth rate of 4.38%, less than the third quarter of 2018 (7.46%). According to the historical average, it is expected to achieve a new contract volume of the construction industry in 2019 of 2.8.8 trillion yuan, a year -on -year increase of 5.4%, a decrease of 1.8 percentage points from the same period in 2018.
In 2019, the total output value and added value of the construction industry continued to decline. In the first three quarters, the output value of the construction industry was 16.2 trillion yuan, a year -on -year growth rate of 6.7%, less than the third quarter of 2018 (9.38%). According to historical average, it is expected that the construction industry output value will be about 24.7 trillion yuan in 2019, a year -on -year increase of 5.1%, and a decrease of 4.8 percentage points from the same period in 2018. In the first three quarters, the construction industry achieved an added value of 4.5 trillion yuan, a year -on -year growth rate of 9.3%, less than the third quarter of 2018 (11.2%). According to the historical average, it is expected that the value -added of the construction industry will be about 6.7 trillion yuan in 2019, a year -on -year increase of 9.0%, and a decrease of 3 percentage points from the same period in 2018.
2. The concentration of the industry continues to increase
7 major 7 major in China, China Railway, China Railway Construction, China Power Construction, China Electricity Construction, China Energy Construction, China Metallurgical Metallurgical, China Metallurgical Metallurgy The proportion of the new contract amount of construction central enterprises in the year accounts for all new contract amounts of the construction industry. The market concentration continues to increase, the market share of construction central enterprises has become higher and higher, and the Matthew effect is getting more obvious.
3.PPP continues high-quality development
In Judo-November 2019, 745 projects in the management database of the management library, from January to November 2019, Investment is 11 trillion yuan. The number of net increase projects and investment are less than 50%in the same period in 2018, but the landing rate and operating rate have increased significantly. As of November 2019, the implementation rate of the management library project was 66.1%, an increase of 11.9 percentage points from the end of 2018; the operating rate reached 58.2%, an increase of 10.5 percentage points from the end of 2018. Since the second half of 2019, the PPP project retreat has significantly reduced the trend compared with the first half of the year. The above situation shows that the quality of PPP projects is continuously improved.
4. The foreign contracting engineering market slowly recovers
January-November 2019, my country’s foreign contracting project has completed a total of US $ 208.52 billion, and the turnover has achieved a turnover of 134.97 billion US dollars. It was 86.2%and 79.8%of 2018. The foreign contracted engineering market has slowly recovered in the second half of the year, and as of November, the year-on-year growth rate of the new signing contract increased to 12.5%; the year-on-year growth rate of turnover continued to decline from May, as of November, the growth rate was -2.2%. The countries along the “Belt and Road” performed well. In the first 11 months of 2019, the cumulative new signing contract increased by 41.2%year -on -year, accounting for 61.2%of the foreign contracting project, and the proportion continued to rise.
. Segmentation market performance
1. Investment investment in railway construction maintains stable
In 2019, the national railway fixed assets plan to invest 800 billion yuan, and the actual completion is completed. 802.9 billion yuan, which was the same as the investment completion (802.8 billion yuan) in 2018, and 100.36%of the planned investment amount was completed. The overall performance of the railway fixed asset investment was stable. According to the spirit of the National Transportation Working Conference in 2020, the National Railway Fixed Asset Investment Plan was completed by 800 billion yuan in 2020.
2. Investment in highway construction
2019 The construction of investment in my road in China increased slightly, and the growth rate increased slightly compared to the previous year. In the first 11 months of 2019, my country’s highway construction has completed a total of 2024.214 billion yuan, an increase of 1.89%year -on -year. It has achieved a low point from the low point in 2018, but the increase is less than 2012 and 2013. From the perspective of monthly data, the year -on -year growth rate in 2019 has begun to turn and maintain stability in June, but the month -on -month growth rate continues to fluctuate from the same period in 2018. In 2019 Essence
3. The construction of urban rail transit steadily promotes
In increasing statistics, the mileage of newly added urban rail operations in 2019 reached more than 1,100 kilometers, and achieved significant growth, involving 36 of 36 The results of the city in the first round of urban rail construction have gradually emerged. The newly -constructed line mileage throughout the year exceeded 1100 kilometers, an increase of more than 110%year -on -year, and the total investment scale reached more than 760 billion yuan, indicating that my country’s urban rail transit market still maintained rapid development after experiencing the Baotou subway incident. In terms of approval of urban rail planning construction, in 2019, the National Development and Reform Commission only approved the construction planning of 5 cities, namely Wuhan Phase II Plan, Zhengzhou Third Plan Plan, Xi’an Phase III Planning, Chengdu Phase IV Plan, Beijing City The second -phase planning adjustment, the total length of the construction is about 885 kilometers, and the total investment is about 626.8 billion yuan, indicating that the relevant government departments continue to maintain their prudent attitude in the approval of urban rail planning.
4. The high -speed development of water environmental protection construction
In 2019, under the slow background of infrastructure investment growth, the water environmental protection market still maintains a high -speed growth trend. As of November, the cumulative growth rate of ecological environmental protection and environmental governance investment was as high as 36.3%year -on -year, which was 32.3 percentage points higher than the growth rate of infrastructure investment (4%) in the same period; In the same period, infrastructure investment was 14.2 percentage points. According to the China Environmental Protection Industry Association’s “China Environmental Protection Industry Development Report (2018)”, the total operating income of my country’s environmental protection industry in 2020 is expected to exceed 2 trillion yuan.
5. The housing building market tends to stabilize
In 2019, the construction area of house building maintains a growth trend in fluctuations. The stability of the construction area of the housing construction has a lot to do with the toughness of the real estate market. In the first three quarters, the real estate construction area accumulated a total of 10%year -on -year. The steady development of the real estate market has been deepened by the further deepening of urban policies. The local governments have adhered to the implementation of targeted fine -tuning and ensuring reasonable housing needs. In the first three quarters of 2019, the newly started area growth rate of the housing construction industry was -7.5%, which has been negatively growing for two consecutive quarters. Among them, the growth rate of the newly started area of real estate was 8.6%, indicating that the construction of new construction in other housing except real estate (such as public venues, industrial plant buildings, etc.). From the perspective of real estate land purchase area, the cumulative year -on -year growth rate continued to be negative in 2019, which may affect the growth of new real estate construction and construction area.
. The performance of representative enterprises
1. The growth rate of operating performance rises
2019 in the first three thirds of the central enterprise, The growth rate of operating income has increased significantly compared with the previous year, and the growth rate is more than two digits, which is significantly higher than the growth rate of the new national construction contract (4.38%) and the total output value (6.7%). It can be seen that the market expansion capacity and counter -cyclical regulation capacity of construction central enterprises are strong, the orders of construction central enterprises have accelerated, and the industry concentration continues to increase.
2. The effect of net profit growth and cost control
2019, among the seven major construction central enterprises, the net profit of China’s construction was 44.054 billion yuan, and the highest investment income was the highest investment income to be the highest investment income was 3.239 billion yuan, which is much higher than other companies; the net profit growth of China Railway is as high as 26.7%, which is much higher than other companies; except for China, 5.5%) %) In addition, the net profit growth rate of other buildings exceeded 10%. Compared with data in the first three quarters of 2017 and 2019, it was found that the gross profit margin changes in major construction central enterprises were inconsistent, and the changes in net interest rates were not obvious. In the past three years, except for Chinese architecture and Chinese construction, the three major expenses of other buildings have decreased significantly, of which China ’s traffic construction has decreased by 3.38 percentage points.
3. The cash -in ratio of the central enterprise has significantly improved
It’s cash -in ratio (cash/operating income received by sales of goods and providing labor services), in the past three years, in addition to China In addition to the construction of Jiaotong, China Metallurgy, China, and China, other buildings have improved significantly. From the perspective of cash flow, the business model of engineering construction enterprises is often a net cash expenditure in the first three quarters, and the net cash returns in the fourth quarter. In the past three years, the operating cash flows of central enterprises in major buildings in the first three quarters are generally negative. Among them, the negative value of the net cash flow of China Construction, China Railway, China Traffic Construction, and China Electric Power Construction in 2019 has further expanded.
4. The effect of the “two gold” of the pressure drop gradually appeared
In the context of the supply side of the construction industry, the construction central enterprise actively dropped the “two gold”, which was initially appeared. Since 2017, the turnover rate of “two gold” of major construction central enterprises has ended, and has been increasing since 2018. From the perspective of the “two gold” scale, except for China Electricity Construction, the total amount of “two gold” of other construction central enterprises has decreased; from the perspective of relative value, the turnover rate of “two gold” in addition to China Electricity Construction and China Obviously, the turnover rate of “two gold” of other construction central enterprises has increased significantly, of which China’s traffic construction has increased the largest.
5. Strategic activities are increasingly frequent
2019 construction central enterprises and their subsidiaries, representative local state -owned enterprises and outstanding private enterprises’ strategic activities. The main manifestations are the following seven aspects:
It is to accelerate the promotion of industrial transformation and product structure adjustment, mainly concentrated in the fields of prefabricated buildings, investment operations, housing construction, water and environmental protection, such as China Construction Bureau With China Construction Science and Technology Investment and Construction of the Instal Construction Smart Factory, China Construction Fourth Bureau established the first prefabricated architectural design center. China Railway Construction established China Railway Construction Highway Operation Co., Ltd.. China Communications Construction clearly explicitly super high -rise buildings and high -rise buildings Organic buildings are two important improvement directions.
It is to continue to increase domestic regional operations. Chinese buildings, China Railway, China Railway Construction, China Communications, Tunnel Stocks, Shanghai Construction Industry and other companies have targeted in hot spot areas such as Guangdong, Hong Kong, Macao, and Yangtze River Delta. Essence
three is the focus of overseas markets to become major construction companies. For example, China Railway Construction established an international investment company, and in 2019 has established five branches in the UAE; the China Communications Second Airlines Bureau established the establishment of the Second Airlines Bureau of China. Southeast Asia, Middle East, South America, Eastern Africa, South Asia, and Eastern Europe, all of which were put into operation; Chinese architecture has established Turkish Co., Ltd. and Georgia Branch to enter the West Asia market.
The fourth is the pace of M
According to the data of the “China Civil Construction Industry Development Prospects and Investment Strategic Planning Analysis Reports” data showed that from 1998 to 2011, the new construction area of China’s real estate industry continued to increase, and its growth rate remained above 10%, but fluctuated greater. In 2011, the new construction area of China’s real estate industry was 1.90 billion square meters, an increase of 16.15%year -on -year, compared with the previous year’s 40.56%year -on -year growth rate of 24.41%, and the growth rate slowed down significantly. Among the new start -up area, the new construction area of residential, office buildings and commercial operating housing was 1.460 billion square meters, 53.61 million square meters, and 207 million square meters, respectively, and their proportion was 76.83%, 2.82%and 10.87%. Mainly residential.
“Analysis Report on the Planning of the Development and Investment Strategic Planning of China’s Civil Construction Industry in 2013-2017” believes that China is in a period of urbanization and industrialization. Investment is one of the important factors to promote China’s economic growth. Benefiting from the rapid growth of fixed asset investment and real estate investment, the acceleration of urbanization, and the advancement of the construction of new rural areas, the Chinese civil construction industry has maintained rapid development for a long time. The report introduces the development prospects of the civil construction industry from the analysis of various market segments of civil buildings. It is now analyzed from residential buildings and office buildings.
. The prospect of the market prospects for residential construction construction
“Analysis Report on the Planning and Investment Strategic Planning of the Chinese Civil Construction Industry in 2013-2017” The proportion of residential investment accounts for about 70%of the total investment, the proportion of investment in office buildings is about 4%, and the proportion of commercial operating housing is about 12%. In the 11 years of 1998-2008, the proportion of its proportion was presented. Decrease trend. In the future, the absolute advantage of residential investment will not change, so residential construction engineering will still be the market that house construction engineering enterprises should mainly strive.
The urbanization rate of my country’s urbanization in 2011 reached 51.27%, and according to this, the urban population in my country has reached 690 million. According to my country’s urbanization development plan, “2013-2017 China Civil Construction Industry Development Prospects and Investment Strategic Planning Analysis Report” It is estimated that by the end of 2020, the total population of my country’s town is expected to reach 840 million, and the per capita residence area is expected to reach 35 square meters. At the end of 2011, the per capita housing area of urban residents in our country was 32.7 square meters per person, and the residential stock was about 2124 billion square meters. In addition, about 6 billion square meters of existing stocks faced depreciation or demolition. New housing about 14.2 billion square meters
According to the “2013-2017 China Smart Construction Industry Development Prospects and Investment Strategic Planning Analysis Report” released by the Foresight Industry Research Institute, the continuous growth of my country’s construction industry output value has promoted the development of construction intelligent industries. After exceeding 20 billion yuan, it also developed with a growth trend of more than 20%per year. In 2012, the market size reached 86.1 billion yuan. my country’s intelligent construction industry is still in a period of rapid development. With the continuous progress of technology and the extension of the market, the prospects for the smart building market in the next few years will still be huge.
Sminton buildings are generated with the requirements of human beings on information exchange, security, comfort, convenience and energy saving in inside and outside the building. Intelligent buildings and energy -saving industries emphasize user experience and have endogenous development momentum. The intelligentization of architecture improves customer work efficiency, improves the application of architecture, and reduces the cost of use, which has become a development trend. The “Analysis Report on the Planning of the Development and Investment Strategic Planning of China’s Intelligent Construction Industry in 2013-2017” shows that in 2012, the proportion of smart buildings in new buildings in my country was only about 26%, far lower than 70%of the United States, 60%of Japan, and markets. Expansion space is huge.
. At the same time, the continuous advancement of urbanization in my country in China has also provided fertile soil for the development of smart buildings. my country has an average of about 2 billion square meters of new buildings every year. The forward-looking process is expected to last 25-30 years. Based on the “12th Five -Year Plan” at the end of the “Twelfth Five -Year Plan”, the proportion of smart buildings in new buildings in domestic buildings was nearly doubled. In the next three years, the growth rate of the smart building market will remain at about 25%, and the market will exceed 100 billion in 2013.
It’s future trend is simple. It is the intelligentization of the construction industry. In recent years, the rapid development of smart buildings is also a favorable proof of this trend.
The analysis of the current status of the construction industry and its future forecast
The construction industry is divided into “narrow construction industry” and “broad construction industry”. The narrow construction industry mainly includes the production of construction products (that is, construction) activities, and the broad construction industry It covers the production of building products and all services related to building production, including planning, survey, design, building materials and finished products and semi -finished products and semi -finished products Consultation and intermediary services, etc., reflect the entire economic activity space of the construction industry. The construction industry talked about in the article is a narrow construction industry. In fact, whether in a narrow sense or a broad sense, the construction industry, as a pillar industry of the national economy, inevitably has the correlation between the macroeconomic situation and the sensitivity of policy, which determines that when the construction enterprise is developed, it will pay close attention to the national macroeconomic policy, and Dynamic and various economic indicators. Various data show that in the next few years –
The development prospects for the construction industry
in recent years, my country’s economic growth has been growing at a high speed. The data released by the National Bureau of Statistics It shows that in the first half of 2006, my country’s economic growth was 10.9%, and the annual growth rate was expected to be not less than 10%. Moreover, from the perspective of the overall economic development of the country, my country’s industrial production, construction, retail sales and other fundamental conditions have always maintained well, which means that the Chinese economy has continued to grow rapidly in the next few years. According to expert forecasts, as of the next few years, the average annual growth rate of China’s GDP is expected to exceed the officially formulated 7.5%goal. According to the situation of my country’s future fixed asset investment, the prediction of the total demand for the future construction industry is: by 2010, the total output value (turnover) of the construction industry is expected to exceed 90 billion yuan, an average annual increase of 7 %, and the construction industry will increase The value will reach more than 1500 billion yuan, with an average annual growth of 8 %, accounting for about 7 % of the GDP. Specifically, in the future, the hotspots of the construction industry will be concentrated in the following aspects:
railway construction. During the “Eleventh Five -Year Plan” period, there will be a large -scale railway construction period in China. The railway department plans to continue to transfer and arrange more than 200 new construction projects, including 28 passenger line projects, with a total investment of 1250 billion yuan. As the first year of the “Eleventh Five -Year Plan”, railway construction has shown a situation in full swing. It is understood that in the first half of this year, my country ’s basic construction investment was 62.19 billion yuan, a year -on -year increase of 1.9 times. Among them, the large and medium -sized projects of railway infrastructure projects completed 61.364 billion yuan, a year -on -year increase. It is foreseeable that a new round of large -scale construction of railways in my country is about to begin. With the release of railway investment and looseness to participate in the qualifications of railway construction projects, the railway construction market will become another segmented industry market full of opportunities in construction enterprises.
In highway construction. According to the specific goals of the highway water transportation traffic that have been determined by the Ministry of Transport and the development of the development of 2020 and the strategic goals of the middle of this century, by 2020, the highway will basically form a skeleton highway network consisting of the national main road and national key roads to build the east and central regions The highway network and the eight provincial road channels in the highway network and the western region, 45 main hubs and 96 national highway hubs; by 2010, the total mileage across the country reached 2 million kilometers, of which more than 35,000 kilometers of highways; by 2020, by 2020, The total mileage across the country reached more than 2.5 million kilometers, and the highway reached more than 70,000 kilometers. Therefore, in the next 10-20 years, it should be a period of continuous and stable development of roads and bridges in my country.
The urban orbit construction. According to a report completed by the China Transportation Association’s Urban Rail Transit Professional Committee, my country has now entered a new period of rapid development of urban rail transit. At present, in more than 40 major cities with more than 40 million people in China, more than 30 cities have carried out the preliminary work of urban rapid track construction or construction. About 14 large cities reported to the planning plan for urban rail transit networks. Build 55 lines, about 1500 kilometers long, with a total investment of 500 billion yuan. In the “Eleventh Five -Year Plan”, the mileage of subways and light rails in large cities across the country will exceed 1500km in the future, with a total investment of more than 200 billion yuan.
The construction of water transport port. With the rapid and rapid development of China’s economy, my country’s ports, especially coastal ports, have maintained a rapid development trend. This year, the construction of ports planned in accordance with the “Eleventh Five -Year Plan” has been started one after another, showing a wave of port construction, and the investment scale is calculated for 10 billion yuan and 100 billion yuan. The characteristics of rich funds. It is understood that in the next five years, the Ministry of Transport will further expand funding channels, expand the scale of water transportation construction funds, and increase investment in infrastructure such as the Yangtze River channels and inland ports. The construction of large -scale water transport ports and the large -scale and professional transformation of existing dock berths will provide more opportunities and markets for the development of the construction industry.
city construction.首先,从城市化率来看,目前我国城市化率只有31%,低于世界平均水平15个百分点,根据对中国经济增长的潜力和中国人口增长的综合分析,可以预测,未来20年内,中国The level of urbanization will be increased to about 60 %, which means that the urbanization rate needs to increase by about 1.5 percentage points each year. Secondly, from the functional partitions of my country’s cities, the functional partitions of many cities in my country are not reasonable. In order to maximize the value of urban land, it will be re -divided into functional zones. This will lead to a large number of urban housing resources now. Re -optimizing the configuration, many need to be supported and reconstructed.
real estate. In the past two years, in order to promote the healthy development of the real estate market, the state has introduced a series of macro -control policies. The growth rate of real estate investment has been preliminarily curbed. Construction demand is still one of the market markets that the construction industry should focus on. With reference to the growth rate of residents’ income and housing transformation in the past 20 years, the per capita housing area of urban residents in China may reach 35 square meters in 2020, that is, the average existing urban residents of each household will increase by more than 10 square meters. Therefore, it can be boldly asserted that in the future for a long time, although real estate developers may face a reshuffle situation, the real estate industry will be in the golden period of stable development.
energy construction and energy dispatching project. In the process of rapid economic development in my country, the contradictions of insufficient energy sources have emerged. In the future, energy construction, including thermal power, hydropower, and nuclear power, will continue to continue, and energy dispatching projects such as water, electricity, and gas will also be fully launched and continued. At the same time, the “Eleventh Five -Year Plan” will further increase the exploration and development of domestic coal, oil, and natural gas, actively develop hydropower, accelerate the development of nuclear power, and encourage the development of new energy and renewable energy; Use the increase in the international energy market and ensure supply to ensure the realization of the “Eleventh Five -Year Plan” economic and social development goals.
In addition to the above, high -speed economic growth trends and the large -scale national fixed asset investment during the “Eleventh Five -Year Plan” period will be more in the construction market, such as metallurgy, chemical industry, electronic engineering, etc. Essence In the next few years, construction companies will show their heroes on the big stage of the building and show their skills.
The broad development prospects of the construction industry have provided rare opportunities for employees.