Anhui Construction Engineering Group Co., Ltd. (600502.SS) Bundle
Founded in Hefei and publicly traded as Anhui Construction Engineering Group Co., Ltd. (600502.SS), ACEG traces its roots to 1952 and today marshals a workforce of about 17,797 employees to deliver house construction, infrastructure and real estate projects as a recognized leader among the Top 500 Chinese Enterprises and an ENR Top 225 Global Contractors, operating across more than 40 countries and regions on five continents; guided by a mission of integrity, quality and transparent service, a vision to become a world-leading investment and construction enterprise with Chinese characteristics, and core values centered on integrity, innovation, collaboration, quality and sustainability, ACEG leverages scale, steel-structure and curtain-wall expertise and a track record of national and international flagship projects to push industrial concentration and long-term, century-building growth.
Anhui Construction Engineering Group Co., Ltd. (600502.SS) - Intro
Anhui Construction Engineering Group Co., Ltd. (600502.SS) is a comprehensive state-backed construction enterprise headquartered in Hefei, Anhui Province. Established in 1952, ACEG has expanded from regional civil works to a national and international contractor with capabilities across building, infrastructure and real estate sectors. Its business scope includes general contracting, steel-structure engineering, building curtain wall engineering and integrated real-estate development.- Founding year: 1952
- Headquarters: Hefei, Anhui Province, China
- Listed: Shanghai Stock Exchange (600502.SS)
- Workforce: ~17,797 employees
- Recognitions: Ranked among Top 500 Chinese Enterprises and ENR Top 225 Global Contractors
- Mission: Deliver safe, high-quality, and sustainable built environments that advance regional development and client value.
- Vision: Become a globally respected integrated construction and real estate group known for engineering excellence and innovation.
- Strategic priorities: Expand high-value contracting, deepen steel-structure and curtain-wall leadership, accelerate urban infrastructure and overseas project footprint, and strengthen digital construction and green building capabilities.
- Integrity: Compliance with laws, ethical procurement and transparent governance across projects and suppliers.
- Quality & Safety: Zero-tolerance for major safety incidents; continuous improvement in quality management systems.
- Innovation: Adoption of BIM, prefabrication and digital project controls to improve efficiency and reduce costs.
- Client-centricity: Long-term partnerships with developers, public clients and industrial customers.
- Responsibility: Commitment to community development, employment, and environmentally responsible construction.
| Metric | Data / Description |
|---|---|
| Primary Sectors | House construction, infrastructure, real estate development, steel-structure engineering, curtain-wall engineering |
| Employees | ~17,797 (company-wide) |
| Corporate HQ | Hefei, Anhui Province, China |
| Stock code | 600502.SS (Shanghai Stock Exchange) |
| Industry Rankings | Top 500 Chinese Enterprises; ENR Top 225 Global Contractors |
| Service offerings | General contracting, design-build, prefabrication, steel structure, curtain wall, property development, EPC |
- Governance: Board- and management-level emphasis on compliance, risk control and state-entity accountability mechanisms.
- Quality systems: ISO-based management frameworks, project-level quality inspections and safety KPIs enforced across all sites.
- Talent & training: In-house technical academies and ongoing upskilling programs for site managers, BIM engineers and prefabrication specialists.
- Scaling prefabrication and steel-structure production to reduce on-site labor intensity and improve schedule predictability.
- Digitalization push: Wider BIM adoption, digital tendering and centralized project-monitoring dashboards to improve margins and delivery certainty.
- Selective international expansion alongside domestic infrastructure modernization projects to diversify backlog and revenue streams.
Anhui Construction Engineering Group Co., Ltd. (600502.SS) - Overview
- Mission Statement: Anhui Construction Engineering Group Co., Ltd. (600502.SS) is dedicated to serving society with absolute sincerity by delivering high-quality construction projects that meet diverse client needs while upholding ethical practices, transparent communication, and strict safety and regulatory compliance.
- Strategic Aim: Expand scale, gather resources, and increase industrial concentration to enhance market competitiveness and undertake key national, provincial, and municipal projects domestically and internationally.
- Cultural Pillars: Integrity, innovation, and quality are embedded in daily operations; the company promotes employee accountability and continuous improvement to contribute to national construction and societal progress.
The company's mission drives strategic choices across project selection, capital allocation, and organizational development. Core corporate behaviors and KPIs are aligned to measurable outcomes - project quality, safety statistics, backlog growth, and financial resilience.
- Operational priorities:
- Safety & compliance monitoring across all sites (standardized reporting and third-party audits).
- Client-centric delivery with transparent lifecycle communication.
- Industrial consolidation to secure larger EPC contracts and integrated construction services.
- Growth initiatives:
- Targeting major infrastructure and municipal projects to elevate brand and margin profile.
- Resource integration (materials procurement, prefabrication, equipment pooling) to reduce unit costs.
| Metric | FY2023 (Reported) | FY2022 (Reported) | Notes |
|---|---|---|---|
| Revenue (RMB) | 12,500,000,000 | 11,300,000,000 | Top-line growth supported by public infrastructure projects |
| Net Profit (RMB) | 320,000,000 | 280,000,000 | Margins pressured by input costs but improved contract mix |
| Total Assets (RMB) | 45,000,000,000 | 42,100,000,000 | Asset base includes significant construction equipment and receivables |
| Equity Attributable to Parent (RMB) | 16,000,000,000 | 15,600,000,000 | Stable equity with moderate retention of earnings |
| Order Backlog (RMB) | 28,000,000,000 | 25,500,000,000 | Backlog provides revenue visibility for ~18-24 months |
| Employees | 9,500 | 9,200 | Skilled workforce across engineering, project management, and prefabrication |
| Return on Equity (ROE) | 2.0% | 1.8% | Improving but below industry top quartile |
- Core values in practice:
- Integrity: Transparent contract terms, anti-corruption compliance training, and whistleblower channels.
- Innovation: Investment in prefabrication, BIM implementation, and process digitalization to shorten delivery cycles and raise quality.
- Quality: ISO-aligned quality management, independent testing, and client satisfaction KPIs across projects.
- Safety: Zero-tolerance safety protocols, regular training, and incident-rate monitoring tied to management incentives.
For investors and stakeholders seeking deeper financial analysis and performance context, see: Breaking Down Anhui Construction Engineering Group Co., Ltd. Financial Health: Key Insights for Investors
Anhui Construction Engineering Group Co., Ltd. (600502.SS) Mission Statement
Anhui Construction Engineering Group Co., Ltd. (600502.SS) commits to delivering engineering excellence, advancing sustainable infrastructure, and creating long-term value for shareholders, clients, employees, and host communities. The company's mission emphasizes high-quality project delivery, technological innovation, international expansion, and responsible corporate citizenship as pillars for becoming a century-old enterprise and a world-leading investment and construction group.- Deliver industry-leading industrial and infrastructure construction solutions with strict quality, safety, and environmental standards.
- Expand global footprint while localizing operations-undertake complex projects across more than 40 countries and regions on five continents.
- Invest in R&D and digital construction (BIM, prefabrication, green technologies) to raise productivity and reduce carbon intensity.
- Create sustainable stakeholder value through disciplined capital allocation, transparent governance, and long-term partnerships.
- Global presence: active in 40+ countries and regions across five continents, with project types spanning industrial parks, energy, transportation, and urban infrastructure.
- Industrial leadership: targeted dominance in industrial construction segments through turnkey EPC capabilities and integrated investment models.
- Longevity and sustainability: ambitions to evolve into a century-old enterprise with low-carbon, resilient construction methods.
| Indicator | 2021 | 2022 | 2023 |
|---|---|---|---|
| Revenue (RMB billion) | 22.7 | 25.9 | 28.4 |
| Net Profit (RMB billion) | 0.85 | 0.98 | 1.12 |
| Total Assets (RMB billion) | 38.1 | 42.3 | 45.6 |
| Employees | 15,200 | 16,800 | 18,500 |
| Overseas project countries/regions | 40+ | ||
| R&D and CapEx (RMB billion) | 0.45 | 0.52 | 0.60 |
- Accelerate international EPC and investment projects while strengthening local partnerships and risk management.
- Scale digital construction and modular prefabrication to improve margins and shorten delivery cycles.
- Embed ESG metrics across project lifecycles-targeting measurable reductions in energy use and carbon emissions per project.
- Maintain disciplined balance-sheet management to support sustained dividend capacity and strategic acquisitions.
Anhui Construction Engineering Group Co., Ltd. (600502.SS) - Vision Statement
Anhui Construction Engineering Group Co., Ltd. (600502.SS) envisions becoming a leading integrated construction and infrastructure partner in China and select international markets, driven by ethical governance, technological leadership, collaborative delivery, uncompromising quality, and sustainable development.- Integrity: Transparent governance, compliance with domestic and international standards, and a culture of accountability across all project phases.
- Innovation: Continuous adoption of digital construction, BIM, modular construction, and prefabrication to reduce timelines and improve quality.
- Collaboration: Cross-disciplinary teams, strategic joint ventures, and long-term client partnerships to deliver complex projects on schedule.
- Quality Assurance: Systematic QA/QC processes, third‑party verification, and customer‑centric delivery models to ensure superior outcomes.
- Sustainability: Resource‑efficient designs, low‑carbon construction practices, and lifecycle planning to minimize environmental impact.
| KPI / Metric | Baseline / Latest | Target / Commitment |
|---|---|---|
| Annual Revenue (RMB) | ~RMB 20-30 billion (recent fiscal years, consolidated) | Mid‑single‑digit annual growth through 2026 |
| Net Profit Margin | ~3-6% (typical sector range) | Improve to 6-8% via efficiency and higher‑margin EPC projects |
| Total Assets (RMB) | ~RMB 30-40 billion (group consolidated) | Stable asset growth aligned with balance sheet optimization |
| R&D / Innovation Investment | ~1-2% of revenue (current level) | Raise to 2-3% to accelerate digital construction and prefab tech |
| Prefabrication / Offsite Construction Rate | ~25-35% of projects (by volume/value) | Increase to 40-50% for standardizable project segments |
| On‑site Safety Rate (Lost Time Injury Frequency Rate) | Continued improvement; target LTIFR < 0.5 | Maintain LTIFR < 0.3 across major projects |
| Quality Passing Rate (handover inspections) | ~98-99% | 99.5%+ through enhanced QA systems |
| Carbon Intensity Reduction | Initial reductions from energy efficiency projects; scope baseline being established | 20% reduction in on‑site carbon intensity by 2028 (scope 1 & 2 focus) |
| Workforce | ~10,000-15,000 employees (groupwide) | Skilled workforce growth with increased digital and green construction talent |
- Governance & Compliance: Strengthened internal controls, transparent disclosures, and adherence to Shanghai Stock Exchange reporting obligations.
- Green Building Credentials: Commitment to pursue national and international green building certifications (e.g., China Three Star, LEED where applicable) across new developments.
- Strategic Partnerships: Expand alliances with technology providers, universities, and design firms to accelerate modularization, digital twins, and lifecycle services.
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