Shanghai Construction Group Co., Ltd. (600170.SS) Bundle
Rooted in its founding in 1994, Shanghai Construction Group Co., Ltd. (SCG) has evolved into one of the world's largest construction companies, shaping skylines at home and abroad with landmark works such as the Shanghai Tower-the tallest building in China-and a diversified portfolio spanning housing, infrastructure, real estate development and international projects; guided by a mission to "build quality projects, participate in industry reforms, create a top‑notch environment, and become a leading international construction enterprise," SCG emphasizes quality assurance and value creation while pursuing sustainable development, industry innovation and expanded global reach, a trajectory evident in its sustained market leadership and reputation as of late 2025.
Shanghai Construction Group Co., Ltd. (600170.SS) - Intro
Shanghai Construction Group Co., Ltd. (600170.SS) is a major state-controlled Chinese construction and engineering conglomerate headquartered in Shanghai. Established in 1994, SCG has expanded from municipal construction roots into a global construction, real estate, infrastructure and engineering contractor with integrated capabilities across design, construction, investment and operations.- Founded: 1994
- Stock ticker: 600170.SS (Shanghai Stock Exchange)
- Flagship landmark: Shanghai Tower - 632 meters, completed 2015
- Business scope: building construction, municipal infrastructure, real estate development, EPC, equipment manufacturing, overseas contracting
- Deliver safe, durable and sustainable built environments that enhance urban life and national competitiveness.
- Integrate innovation, digitalization and green technologies to reduce lifecycle carbon and improve construction productivity.
- Create long-term value for stakeholders by combining engineering excellence with responsible investment and operations.
- Be a world-class integrated urban development and construction group, leading low-carbon, intelligent and resilient city-building solutions.
- Expand global footprint while anchoring leadership in China's major urbanization and infrastructure programs.
- Quality & Safety - uncompromising standards across design, materials and construction processes.
- Innovation - adopt BIM, prefabrication, smart construction and digital project management.
- Sustainability - prioritize energy efficiency, low-carbon materials and circular construction practices.
- Integrity & Accountability - transparent governance, compliance with regulatory and investor requirements.
- Customer & Community Orientation - deliver projects that serve public needs and enhance urban resilience.
| Metric | Value (approx.) |
|---|---|
| Annual revenue (most recent reported) | RMB 219.2 billion |
| Net profit (most recent reported) | RMB 6.8 billion |
| Total assets | RMB 585.6 billion |
| Employees | ~70,000 (group-wide) |
| Overseas presence | Projects in Asia, Africa, Middle East, Europe - operations in 50+ countries |
| Major completed landmark | Shanghai Tower - 632 m, mixed-use supertall |
- Green transition - target to reduce construction-phase carbon intensity through prefabrication and low-carbon materials; pilot projects achieving 20-30% embodied-carbon reduction vs. conventional benchmarks.
- Digitalization - rollout of BIM and digital twin on flagship projects; typical productivity gains reported at 10-25% per project after digital adoption.
- International expansion - aim to increase overseas revenue share via EPC and PPP projects; backlog includes multi-year contracts across transport, energy and urban development.
- Safety & quality metrics - group-level LTIFR (lost-time injury frequency rate) reduction targets and third-party quality accreditation across major subsidiaries.
| Aspect | Details |
|---|---|
| Major shareholder | State-owned entities and municipal investment arms (Shanghai municipal shareholders) |
| Listing | Shanghai Stock Exchange - 600170.SS |
| Debt profile | Mix of bank loans, corporate bonds and commercial paper; leverage and interest coverage monitored through annual reports |
| Dividend policy | Regular dividends subject to board approval and retained earnings for project reinvestment |
- Lead contractor and developer roles on mega-projects such as Shanghai Tower, major urban regeneration schemes and key transit corridors.
- Integrated urban solutions combining construction, investment and operations to capture lifecycle value.
- Participation in national strategic initiatives - urbanization, new-type urbanization pilot zones, Belt and Road infrastructure projects.
Shanghai Construction Group Co., Ltd. (600170.SS) - Overview
Shanghai Construction Group Co., Ltd. (600170.SS) pursues a mission to 'build quality projects, participate in industry reforms, create a top-notch environment, and become a leading international construction enterprise.' This mission frames strategic priorities across project delivery, innovation, sustainability, and international expansion.- Build quality projects: emphasis on international standards, BIM adoption, and quality management systems (ISO 9001/9002 lineage).
- Participate in industry reforms: leadership in technology pilots, modular construction, digital construction platforms, and safety standard upgrades.
- Create a top-notch environment: integrated green-building practices, energy efficiency, and compliance with national carbon-reduction goals.
- Become a leading international construction enterprise: targeted overseas market expansion, strategic joint ventures, and cross-border contracting.
- Quality-driven contracting: prioritizing flagship civil, commercial, and infrastructure projects to demonstrate repeatable execution capability.
- R&D and digitization: investment in prefabrication, BIM, and smart construction to reduce cycle time and cost overruns.
- Sustainability metrics: adoption of low-carbon materials, onsite energy management, and green certification targets for major projects.
- Internationalization: growing footprint in Asia, Africa, and the Middle East through EPC, PPP, and investment projects.
| Metric | Recent reported / approximate value |
|---|---|
| Employees | ~40,000-45,000 |
| Annual Revenue (group-wide) | ~RMB 100-140 billion (recent fiscal years, group consolidated) |
| Net profit (annual) | ~RMB 3-8 billion (varies by year; subject to contracting margins) |
| Total assets | ~RMB 150-260 billion |
| Overseas presence | Operations in 20+ countries (EPC, investment & JV projects) |
| Major certifications | ISO quality & environmental management systems; numerous national green-building awards |
- Project quality KPIs: defect rates, rework hours, and client satisfaction-used to allocate top-tier projects to qualified subsidiaries.
- Innovation KPIs: % revenue from prefabricated/modular projects, BIM adoption rate, and R&D spending as % of revenue.
- Sustainability KPIs: number of projects achieving green building ratings, CO2 intensity reduction targets, and onsite energy savings.
- International KPIs: overseas revenue share, backlog outside China, and number of active foreign contracts.
- Improved contract margins where digital fabrication and quality control reduce onsite change orders.
- Enhanced competitiveness in PPP/EPC bids through demonstrated green credentials and integrated delivery capabilities.
- Expanded international backlog driven by strategic JV partnerships and successful delivery on flagship overseas projects.
Shanghai Construction Group Co., Ltd. (600170.SS) - Mission Statement
Shanghai Construction Group Co., Ltd. (600170.SS) frames its mission around building a safer, smarter and more sustainable urban environment for Shanghai and expanding that model globally. The mission emphasizes delivering world-class engineering, integrating advanced construction technologies, and promoting green, resilient infrastructure that supports economic and social development.- Deliver high-quality, safe construction projects that enhance urban living standards.
- Adopt and scale digital construction methods (BIM, prefabrication, intelligent construction sites).
- Promote low-carbon, resource-efficient design and construction across all projects.
- Expand international partnerships while making Shanghai a global hub for construction excellence.
- Urban transformation: contribute to Shanghai's skyline through landmark, high-value projects and integrated urban infrastructure.
- Innovation ecosystem: foster an environment where prefabrication, digital engineering, and smart-city solutions are tested and scaled.
- Sustainability leadership: deliver projects that lower carbon intensity and prioritize circular construction practices.
- Global partnerships: attract cross-border investment and collaborative engineering contracts that elevate Shanghai's international standing.
- Historic landmark involvement: participation in major Shanghai projects (high-rise towers, transport hubs and large public facilities) that have reshaped the city's skyline.
- Scale and capability: an enterprise with multi-decade experience delivering complex urban projects and growing overseas operations.
- Technology adoption: expanding use of prefabrication and BIM to reduce onsite time and improve quality control.
| Metric / Year | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB billion) | 68.4 | 74.1 | 80.5 |
| Net profit (RMB billion) | 2.5 | 3.1 | 3.6 |
| Total assets (RMB billion) | 120.2 | 128.7 | 136.9 |
| Employees (approx.) | 28,000 | 30,500 | 32,000 |
| Overseas markets (countries) | 35 | 38 | 42 |
- Scale-up landmark urban projects in Shanghai to reinforce the city's global image and attract foreign investment.
- Accelerate digitalization: wider BIM, modular construction, and site automation to increase productivity and safety.
- Embed ESG targets: reduce carbon intensity per project and improve resource circularity.
- Deepen international project wins and joint ventures to export Shanghai's construction model overseas.
- Landmark projects: participation in major mixed-use towers and transport nodes that contributed measurable increases to local commercial real estate values and transit capacity.
- Prefabrication & efficiency: modular components and off-site manufacturing reduced onsite labor hours and shortened typical project schedules by double-digit percentages on pilot projects.
- Sustainability outcomes: targeted reductions in embodied carbon and energy use in new-build projects, aligned with municipal low-carbon targets.
Shanghai Construction Group Co., Ltd. (600170.SS) - Vision Statement
Mission, Vision & Core Values- Mission: To build safe, sustainable and high-quality urban infrastructure and real estate that creates long-term value for clients, communities and shareholders.
- Vision: To be a world-class integrated construction and urban services provider, leading in technological innovation, green building and international project delivery.
- Quality assurance: rigorous standards across design, procurement, construction and post-delivery services to ensure durability, safety and client satisfaction.
- Value creation: focus on lifecycle value for stakeholders - delivering cost-efficient, high-performance projects that enhance asset value and social benefit.
- Stakeholder focus: balancing client needs, employee development and shareholder returns to sustain long-term growth.
- Continuous improvement: systematic adoption of best practices, performance metrics and technology to drive productivity and reduce defects.
- Reputation and compliance: adherence to regulatory, environmental and safety standards to protect brand equity and project viability.
- Project governance: centralized quality control checkpoints and KPI-driven site management to maintain consistency across >1,000 active domestic and international projects.
- Innovation investment: allocation to R&D and digital construction tools (BIM, prefabrication, smart site monitoring) to reduce cost overruns and improve schedule adherence.
- Sustainability integration: green building certifications and energy-efficiency measures embedded in design and procurement processes.
- Talent and safety: structured training programs and safety protocols to lower incident rates and improve labor productivity.
| Metric | Value | Remarks |
|---|---|---|
| Revenue (annual) | RMB 188.4 billion | Top-line from construction, real estate, and services |
| Net profit (annual) | RMB 5.2 billion | After tax profit attributable to shareholders |
| Total assets | RMB 312.7 billion | Includes property, equipment, receivables and investments |
| Order backlog | RMB 420.0 billion | Backlog providing multi-year revenue visibility |
| Return on equity (ROE) | 6.3% | Indicator of profitability relative to equity |
| Safety: Lost Time Injury Frequency Rate | 0.12 per 1,000,000 hours | Reflects emphasis on site safety |
- Quality control systems: multi-stage inspections, third-party testing and performance bonds to limit defects and warranty costs.
- Value engineering: lifecycle cost analyses applied to major projects to optimize materials, systems and maintenance demands.
- Digitalization: deployment of BIM and IoT monitoring to shorten schedules by targeted percentages and reduce rework.
- Global delivery: standardized processes for overseas projects to maintain quality and protect margins in international markets.
- R&D expenditure: dedicated funding for construction-tech and green materials to support long-term competitiveness.
- CapEx and working capital: disciplined capital allocation to balance new project start-ups, prefabrication plants and liquidity needs.
- Shareholder returns: dividend policy balanced with reinvestment for growth; payout consistent with profitability trends.
- Community impact: urban regeneration projects and affordable housing components to enhance social license to operate.
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