Hebei Construction Group Corp Ltd: Segment Analysis

Hebei Construction Group Corp Ltd (Hebei Construction) is a provider of construction contracting services. It is involved in building construction, infrastructure construction, and specialized construction projects. The company serves industries such as residential, public works, industrial, commercial, municipal infrastructure, transportation infrastructure, and specialized construction sectors. It undertakes all main aspects of construction projects, including building construction, foundation work, curtain wall construction, building decoration, and fire engineering. The company is responsible for engaging subcontractors, coordinating works, providing major equipment and machinery, procuring raw materials, and ensuring projects are carried out on schedule.

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Hebei Construction has undertaken several R&D initiatives, including being approved as the exclusive postgraduate workstation in the construction industry of Hebei Province. The company obtained five high-value promotable patents from the China Association of Construction Enterprise Management, received one First Prize for Green Building Innovation Award in Hebei Province, and won 28 Scientific and Technological Progress Awards in the construction industry of Hebei Province. Additionally, the company secured 21 provincial process methodologies, 17 Science and Technology Awards from Hebei Construction Association, 18 promotable patents, and participated in the compilation of 11 national, industry, and local standards. The company also successfully passed the acceptance of key research and development projects by the Hebei Provincial Department of Science and Technology and completed several technology application demonstration projects and green construction technology evaluations. The R&D unit of the company is the exclusive postgraduate workstation in the construction industry of Hebei Province, which is responsible for managing the company's R&D activities. The company has submitted 81 new patent applications and was granted 175 patents, including 17 invention patents. The total valid patents amount to 1,445. In FY2024, the company spent CNY121.2 million on R&D, which as a percentage of revenue stood at 0.5%.