The house construction industry involves industry, civil and public building (architecture and structures) projects. In the 21st century, China's real estate industry developed rapidly under the encouragement of government policies, and fixed asset investment has been one of the major drivers of China's economic growth, benefitting the development of China's house construction industry.
In 2016, 7,589.75 million m2 of properties were under construction, increasing by 3.2% YOY. The area of residential properties under construction was 5,213.1 million m2, increasing by 1.9%. New started projects were 1,669.28 million m2, increasing by 8.1%. The growth rate was up by 0.5 percentage points. New residential projects were 1,159.11 millionm2, increasing by 8.7%. Finished properties were 1,061.28 million m2, increasing by 6.1%. The growth rate was down by 0.3 percentage points. Finished residential properties were 771.85 million m2, increasing by 4.6%.
The architectural decoration industry is an integral part of the construction industry. Architectural decoration refers to protect the main body and improve the physical performance, function and appearance of architectures. It is the process of applying decorative materials or decorations on the interior, exterior and in the space of architectures. China's architectural decoration industry took off in mid 1980s. The development of the architectural decoration industry is in close relation with the country's economy. China's fast economic growth provides strong support for the development of its architectural decoration industry. The takeoff of the architectural decoration industry followed the fast economic growth and the marketization of China's residential properties. For one thing, a better economy brings about demand for decoration in public and commercial buildings (such as shopping venues and restaurants). For another, the rapid growth of the real estate industry in early 2000s facilitates the rapid growth of the residential decoration industry.
In recent years, the public architectural decoration industry embraced another high time granted by grand international events such as Beijing Olympics and Shanghai Expo. The urbanization development, which started in late 1990s, drove the rapid growth of China's real estate and construction industries, which facilitated the rapid growth of the architectural decoration industry. It has been growing at over 10% per year and the value of production exceeded CNY 4 trillion in 2016.
CRI selects 25 house construction and decoration companies listed on A-share market in this report to reflect the market status. The report provides readers with a quick guide to the profiles and financials of Chinese house construction and decoration companies being listed in the recent 10 years.
The report is composed of two parts: the first part is enterprise profiles and the second part is the operation status of these enterprises in the recent decade (presently 2006 to 2016, we will update it to the latest as time goes by).
The operation status is demonstrated from the following perspectives: (1)financial indexes, such as earnings per share, book value per share (BPS), sales per share, net cash flow per share, return on net worth and debt to asset ratio; (2) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (3) indexes on the income statement, such as revenue, operating profit, net profit and EBIT; (4) indexes on the balance sheet, such as liquid asset, fixed asset, current liability, non-current liability, capital reserve and shareholders' equity.
Companies in the report:
1 China State Construction Engineering Corporation Limited (601668.SH)
2 Shanghai Construction Group Co., Ltd. (600170.SH)
3 Longyuan Construction Group Co., Ltd. (600491.SH)
4 Ningbo Construction Co., Ltd. (601789.SH)
5 Suzhou Institute Of Architectural Design Co., Ltd. (300500.SZ)
6 Suzhou Gold Mantis Construction Decoration Co., Ltd. (002081.SZ)
7 Chengdu Fusen Noble-house Industrial Co., Ltd. (002818.SZ)
8 Sino Great Wall Co.,Ltd. (000018.SZ)
9 Zhejiang Yasha Decoration Co., Ltd. (002375.SZ)
10 Shenzhen Grandland Group Co.,Ltd. (002482.SZ)
11 Shenzhen Minkave Technology Co., Ltd. (300506.SZ)
12 Jangho Group Co., Ltd. (601886.SH)
13 Shenzhen Bauing Construction Holding Group Co., Ltd. (002047.SZ)
14 Shenzhen Hongtao Decoration Co.,Ltd. (002325.SZ)
15 Beijing Honggao Creative Construction Design Co., Ltd. (002504.SZ)
16 Shenzhen Zhongzhuang Construction Group Co., Ltd. (002822.SZ)
17 Shenzhen Qixin Construction Group CO., Ltd. (002781.SZ)
18 Shenzhen Ruihe Construction Decoration Co., Ltd. (002620.SZ)
19 Shenzhen Asantime International Construction Co., Ltd. (002811.SZ)
20 Dong Yi Ri Sheng Home Decoration Group Co., Ltd. (002713.SZ)
21 Shenzhen Jianyi Decoration Group Co., Ltd. (002789.SZ)
22 Lawton Development Co., Ltd. (600209.SH)
23 Shanghai Trendzone Construction Decoration Group Co., Ltd. (603030.SH)
24 Suzhou Kelida Building & Decoration Co., Ltd. (603828.SH)
25 Shenzhen Mingdiao Decoration Co., Ltd. (002830.SZ)