Financial Performance - Operating revenue for Q3 2022 increased by 22.71% year-on-year, reaching RMB 241,782,384,000[5] - Net profit attributable to shareholders of the listed company rose by 37.48% year-on-year to RMB 4,177,832,000[5] - Net profit attributable to shareholders after deducting non-recurring gains and losses increased by 25.00% year-on-year, totaling RMB 2,827,785,000[5] - Basic earnings per share for the quarter was RMB 0.03, compared to RMB 0.00 in the same period last year[6] - Total operating revenue for the first three quarters of 2022 reached RMB 241,782,384 thousand, an increase from RMB 209,587,362 thousand in the same period of 2021, representing a growth of approximately 15.3%[23] - The net profit attributable to the parent company for the same period was RMB 4.178 billion, reflecting a year-on-year growth of 24.32%[12] - Net profit for the first three quarters of 2022 was RMB 6,229,555 thousand, slightly down from RMB 6,478,277 thousand in the same period of 2021, showing a decrease of about 3.8%[24] - The total comprehensive income for the first three quarters of 2022 was RMB 7,463,833 thousand, up from RMB 6,539,988 thousand in the previous year, representing an increase of about 14.1%[25] Assets and Liabilities - Total assets as of the end of the reporting period amounted to RMB 647,646,811,000, reflecting a 22.46% increase from the previous year[6] - Total assets reached RMB 647.65 billion, compared to RMB 528.86 billion at the end of 2021, marking a growth of approximately 22.5%[22] - Total current assets amounted to RMB 398.85 billion, an increase from RMB 309.94 billion as of December 31, 2021, representing a growth of approximately 28.7%[19] - Total liabilities increased to RMB 486.00 billion from RMB 379.13 billion, representing a rise of about 28.2%[21] - The company's equity attributable to shareholders rose to RMB 98.83 billion from RMB 94.20 billion, an increase of approximately 4.0%[22] - The company's long-term borrowings increased to RMB 112.03 billion from RMB 84.62 billion, reflecting a growth of approximately 32.4%[57] Cash Flow - The company reported a net cash flow from operating activities of -RMB 18,553,769,000 for the year-to-date[6] - The net cash inflow from operating activities was -18,553,769, compared to -8,664,871 in the previous year, indicating a decline in operational cash flow[26] - The net cash outflow from investing activities was -20,364,810, an increase from -15,127,639 year-over-year, reflecting higher investment expenditures[27] - The net cash inflow from financing activities was 43,487,292, significantly up from 8,217,737 in the previous year, showing improved financing capabilities[27] Contracts and Projects - The company signed new contracts worth RMB 694.642 billion, up 17.26% year-on-year, with domestic contracts at RMB 494.568 billion (16.26% increase) and overseas contracts at RMB 200.074 billion (19.8% increase)[13] - The new energy and integrated smart energy engineering construction contracts amounted to RMB 266.888 billion, a significant increase of 108.32%, accounting for 38.42% of total new contracts[14] - The company secured wind and solar energy development indicators totaling 12.78 million kilowatts, with energy storage development indicators of 10.21 million kilowatts[14] - The company has initiated major industrial demonstration projects in compressed air energy storage and high-altitude wind power generation, including the world's largest 300MW compressed air energy storage project[15] Research and Development - Research and development expenses rose to RMB 5,010,546 thousand in the first three quarters of 2022, compared to RMB 3,792,918 thousand in the same period of 2021, reflecting a growth of approximately 32.2%[23] - The company is actively pursuing technology innovation, having completed 14 key technology research projects in areas such as offshore wind power and IoT applications in the new energy sector[15] - Research and development expenses for the first three quarters of 2022 were 3,102 million, down from 8,975 million in the same period of 2021, representing a decrease of about 65.5%[31] Strategic Initiatives - The company is focusing on expanding its new energy and infrastructure projects as part of its "30•60" strategic goals[17] - The company is implementing a "1466" strategy aimed at maintaining stable growth and strengthening scientific management[12] - The company signed strategic cooperation agreements with six financial institutions, successfully issuing its first REITs and sustainable low-carbon transition bonds[16] - The company is enhancing its project management and financial capabilities, with a focus on improving revenue and operational efficiency[16] - The company is planning a private placement of A-shares to raise up to RMB 15 billion for new energy projects, including photovoltaic, wind power, hydrogen energy, and energy storage[17] - The feasibility of the private placement and the use of raised funds are still under evaluation, indicating potential uncertainties[17]

Financial Performance - China Energy Engineering Corporation reported a significant increase in revenue, reaching approximately 100 billion RMB, representing a year-on-year growth of 15%[16]. - Operating revenue for the first half of the year reached RMB 158,286,934 thousand, an increase of 11.83% compared to the same period last year[24]. - Net profit attributable to shareholders was RMB 2,793,554 thousand, reflecting an 18.69% increase year-on-year[24]. - Net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 7.13% to RMB 1,752,087 thousand[24]. - The total assets at the end of the reporting period amounted to RMB 588,509,043 thousand, up 11.28% from the end of the previous year[24]. - Basic earnings per share decreased by 17.11% to RMB 0.063 compared to the same period last year[25]. - The weighted average return on net assets was 3.03%, down 0.73 percentage points year-on-year[25]. - The company achieved a new contract amount of RMB 532.76 billion, representing a year-on-year growth of 10.24%[55]. - The company's operating revenue reached RMB 158.29 billion, an increase of 11.83% year-on-year[55]. Investments and Projects - The company has successfully completed over 50 new projects in the first half of the year, contributing to a 20% increase in operational capacity compared to the previous year[23]. - The company reported a significant increase in investment in water conservancy projects, with a total investment of RMB 7,480 billion, up 49.5% year-on-year[37]. - The company plans to invest in infrastructure projects through integrated business models such as BOT, BOOT, and PPP, enhancing its project management capabilities[44]. - The company signed new contracts worth RMB 95.69 billion in surveying, design, and consulting services, representing a year-on-year increase of 58.37%[43]. - The company is expanding its market presence in Southeast Asia, with plans to invest 5 billion RMB in new infrastructure projects over the next three years[23]. Risk Management - The company has detailed the risks it faces in the "Management Discussion and Analysis" section of the report[8]. - The report includes a risk statement regarding forward-looking statements and future plans[6]. - The company has established a risk management strategy to address cash flow risks and ensure timely debt repayment[98]. - The company aims to enhance investment management and risk identification to mitigate investment risks, particularly in project management and macroeconomic changes[96][99]. - The company has identified risks related to international operations, including instability in international security and prolonged pandemic effects[97]. Environmental and Social Responsibility - The company’s environmental protection measures have been effective, with no significant violations reported in the first half of 2022[113]. - The company has installed automatic monitoring systems for key pollutants, ensuring real-time data transmission to environmental authorities[114]. - The company has achieved a 100% operational rate for pollution control facilities across its key pollutant discharge enterprises, ensuring compliance with pollutant discharge standards[117]. - The company has organized various community support initiatives, achieving over RMB 5 million in consumer assistance through online sales of local agricultural products[127]. - The company has focused on reducing carbon emissions by procuring low-energy consumption equipment and implementing energy-saving technologies[126]. Corporate Governance - The company confirmed compliance with the corporate governance code throughout the reporting period[161]. - The board of directors held five meetings during the reporting period, reviewing 27 proposals and submitting 11 for shareholder approval[161]. - The company has established a governance structure to ensure independent financial decision-making and compliance with tax obligations[135]. - The company has made commitments to avoid conflicts of interest and ensure fair pricing in related transactions[135]. - The company has established a framework for timely and strict adherence to its commitments, with specific timelines and conditions outlined for compliance[130]. Shareholder Information - The total number of ordinary shareholders reached 532,926 by the end of the reporting period[162]. - China Energy Construction Group Co., Ltd. holds 18,686,568,022 shares, accounting for 44.82% of total shares, with 18,107,684,022 A-shares and 578,884,000 H-shares[169]. - The company has a diverse shareholder base, with significant holdings from both domestic and foreign investors[171]. - The company has no changes in the shareholding of directors, supervisors, and senior management during the reporting period, maintaining their holdings in both A-shares and H-shares[175]. - The company has confirmed that there is no risk of termination of trading for its shares on the Shanghai Stock Exchange[180]. Debt and Financing - The company reported a total external guarantee balance of RMB 4.732 billion as of the reporting period, excluding mortgage guarantees provided for homebuyers[158]. - The company provided mortgage guarantees totaling RMB 4.636 billion for homebuyers, with no defaults reported during the period, indicating low associated risks[158]. - The company’s main debt situation remains normal, with no overdue guarantees reported[156]. - The company has not incurred any guarantee fees, as the management fees are deducted during the investment operation process according to specific agreements[151]. - The company maintained a loan repayment rate of 100% and an interest payment rate of 100%, indicating full compliance with debt obligations[198].

Financial Performance - The company's operating revenue for 2021 was CNY 322.32 billion, an increase of 19.23% compared to CNY 270.33 billion in 2020[25]. - Net profit attributable to shareholders for 2021 was CNY 6.50 billion, representing a growth of 39.26% from CNY 4.67 billion in 2020[25]. - The net profit after deducting non-recurring gains and losses was CNY 5.07 billion, up 37.69% from CNY 3.68 billion in 2020[25]. - The net cash flow from operating activities for 2021 was CNY 8.84 billion, compared to CNY 6.49 billion in 2020[25]. - The total assets at the end of 2021 were CNY 528.86 billion, an increase from CNY 476.05 billion at the end of 2020[25]. - The net assets attributable to shareholders at the end of 2021 were CNY 94.20 billion, up from CNY 68.42 billion at the end of 2020[25]. - Basic earnings per share for 2021 were CNY 0.19, an increase of 26.67% from CNY 0.15 in 2020[26]. - The weighted average return on net assets for 2021 was 8.55%, an increase of 0.65 percentage points from 7.90% in 2020[26]. - The total profit for the year reached RMB 13.05 billion, with a year-on-year increase of 8.39%[44]. - The net profit for 2021 was RMB 9.60 billion, representing a year-on-year growth of 11.12%[44]. Strategic Initiatives - The company aims to be a world-class integrated energy solution provider and has set a strategic vision to lead in national strategy implementation and energy revolution[15]. - The company plans to implement the "1466" strategy and "1+9" planning system to accelerate the expansion of strategic businesses and enhance its competitive edge in the market[39]. - The company aims to prioritize the development of renewable energy as its core business and profit driver, focusing on strategic market development in regions such as the Guangdong-Hong Kong-Macao Greater Bay Area and Hainan Free Trade Port[39]. - The company is committed to advancing green and low-carbon energy development, promoting renewable energy projects in eastern, central, and southern regions[165]. - The company will focus on three major sectors: new energy (including hydrogen energy and energy storage), integrated transportation, and urban comprehensive development, aiming for a shift from project investment to industrial investment[185]. Research and Development - The company has established 3 academician expert workstations and 11 postdoctoral research stations to enhance its research capabilities[14]. - Research and development expenses increased by 29.55% to RMB 8.79 billion, highlighting the company's commitment to innovation[94]. - The total R&D investment accounted for 2.75% of operating revenue, with capitalized R&D representing 0.93%[109]. - The company employed 20,139 R&D personnel, making up 17.46% of the total workforce[110]. - The company has established high-end R&D platforms and a "1+N+X" innovation system to enhance its technological capabilities[89]. Corporate Governance - The company has established a robust internal governance structure to ensure compliance with relevant laws and regulations following its dual listing in A+H markets[189]. - The board of directors will convene at least four regular meetings annually to oversee the company's operational and financial strategies[191]. - The company has strengthened its corporate governance framework, ensuring that external directors constitute a majority on the board[189]. - The nomination committee will review the board's diversity annually and monitor the implementation of the diversity policy[197]. - The selection criteria for board candidates include their impact on board diversity and their commitment to fulfilling responsibilities[198]. Market Position and Operations - The company operates in over 140 countries and regions, with more than 200 overseas branches, and has been ranked among the world's top 500 companies for eight consecutive years[14]. - The company has a market share of over 30% in hydropower engineering and over 50% in large hydropower projects[58]. - The company has established several technology innovation platforms, including a hydrogen energy company and a green building materials company, to accelerate new industry cultivation[52]. - The company has contracted or invested in the construction of over 40 highway projects, totaling more than 3,000 kilometers[61]. - The company is focusing on comprehensive water environment governance and actively seizing opportunities in the ecological and environmental protection market[60]. Risk Management - The company faces increased risks in international operations due to significant declines in international trade and investment, rising commodity prices, and geopolitical instability[176]. - Cash flow risks are heightened as some subsidiaries exhibit weak financial risk management, leading to insufficient cash flow and potential default risks[178]. - Project management risks arise from a lack of focus on project quality and compliance, which may result in project losses and client complaints[179]. - The company plans to strengthen its international business risk control system and enhance project feasibility studies and compliance reviews[176]. - Financial management will be improved through dynamic assessments of financial capacity and the establishment of an integrated financial information system[178]. Awards and Recognition - The company received over 189 provincial and industry-level technology awards and was granted 1,893 patents throughout the year, reflecting its commitment to technological innovation[39]. - The company has received numerous prestigious awards, including 42 National Quality Engineering Gold Awards, showcasing its strong project execution capabilities[91]. - The company achieved zero quality accidents in 2021, reflecting its strong commitment to quality management[145]. - The company received 29 national quality engineering awards in 2021, including 10 gold awards, marking a historical high[146]. Future Outlook - The company plans to sign new contracts worth RMB 899.5 billion in 2022, with projected revenue of RMB 342.2 billion and an investment plan of RMB 123.7 billion[173]. - By 2025, the installed capacity of renewable energy in China is expected to reach around 1.1 billion kilowatts, with wind and solar power accounting for approximately two-thirds of this capacity[165]. - The company recognizes significant market opportunities in the ecological and environmental protection sector, with a focus on river management and solid waste treatment[167]. - The ongoing geopolitical tensions and COVID-19 pandemic have created uncertainties that may impact the company's operational results and financial condition[186]. - The company is closely monitoring the impact of COVID-19 prevention measures and geopolitical events on project progress and repayment capabilities in relevant countries[187].

[Company Information](index=3&type=section&id=Item%20I.%20Company%20Information) This section provides fundamental company details, including corporate identity, contact information, stock listing, and governance structure - This chapter provides fundamental company information, including its corporate identity, contact details, stock listing (China Energy Engineering, stock code 3996), and governance structure with details on directors and supervisors[3](index=3&type=chunk) [Financial Highlights](index=4&type=section&id=Item%20II.%20Financial%20Highlights) This section outlines the company's key financial performance in H1 2021, including significant growth in operating revenue, gross profit, net profit, and earnings per share, alongside changes in asset and liability structure - In H1 2021, total operating revenue grew **34.04%** to **RMB 141.546 billion**, gross profit increased **36.98%**, and net profit attributable to equity holders surged **166.69%** to **RMB 2.451 billion**, with basic earnings per share up **162.50%**[5](index=5&type=chunk) Condensed Consolidated Income Statement Highlights (For the Six Months Ended June 30) | Indicator | 2021 (RMB Million) | 2020 (RMB Million) | Year-on-Year Change (%) | | :--- | :--- | :--- | :--- | | **Total Operating Revenue** | **141,545.7** | **105,597.2** | **34.04%** | | Gross Profit | 17,047.0 | 12,445.0 | 36.98% | | Profit Before Tax | 6,164.0 | 3,502.7 | 75.98% | | Profit for the Period | 4,520.3 | 2,238.4 | 101.95% | | Profit Attributable to Equity Holders of the Company | 2,450.9 | 919.0 | 166.69% | | Basic Earnings Per Share (RMB Cents) | 7.56 | 2.88 | 162.50% | Condensed Consolidated Statement of Financial Position Highlights | Indicator | June 30, 2021 (RMB Million) | December 31, 2020 (RMB Million) | Change (%) | | :--- | :--- | :--- | :--- | | Total Assets | 499,228.9 | 476,051.9 | 4.87% | | Total Liabilities | 351,476.8 | 338,123.0 | 3.95% | | Total Equity | 147,752.1 | 137,928.9 | 7.12% | [Business Development Overview](index=5&type=section&id=Item%20III.%20Business%20Development%20Overview) This section comprehensively reviews the company's business development in H1 2021, including the macroeconomic backdrop, operating performance of each business segment, and growth in new and uncompleted contracts [Industry Development Overview](index=5&type=section&id=Item%20III.1%20Industry%20Development%20Overview) In H1 2021, China's economy showed recovery, with key sectors like infrastructure, construction, and power consumption experiencing significant year-on-year growth, providing a favorable operating environment - China's macroeconomic performance in H1 2021 demonstrated restorative growth and accelerated recovery, with a rebound in growth rates for industries related to the company's main business[9](index=9&type=chunk) - Key industry data year-on-year changes: * Infrastructure investment (excluding power) increased by **7.8%**[7](index=7&type=chunk) * Total construction industry output value grew **18.8%**[7](index=7&type=chunk) * Total societal electricity consumption rose **16.21%**[7](index=7&type=chunk) * New overseas contracted project value decreased **5.2%**, while turnover along the 'Belt and Road' increased **1.8%**[7](index=7&type=chunk) [Business Review](index=6&type=section&id=Item%20III.2%20Business%20Review) In H1 2021, the company achieved strong overall performance with new contracts up **58.2%** and revenue up **34.04%**, primarily driven by robust growth in the engineering construction segment Overall Operating Performance in H1 2021 | Indicator | Amount (RMB Billion) | Year-on-Year Growth | | :--- | :--- | :--- | | New Contracts Signed | 483.289 | 58.2% | | Operating Revenue | 141.546 | 34.04% | | Total Profit | 6.164 | 75.98% | [Survey, Design and Consulting Business](index=6&type=section&id=Item%20III.2.1%20Survey%2C%20Design%20and%20Consulting%20Business) This segment's H1 2021 revenue grew **18.80%** to **RMB 5.701 billion** due to design progress recovery, despite a slight **2.81%** decrease in new contracts signed Key Operating Indicators for Survey, Design and Consulting Business (RMB Billion) | Indicator | H1 2021 | H1 2020 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 5.701 | 4.799 | 18.80% | | Gross Profit | 1.726 | 1.585 | 8.88% | | New Contracts Signed | 6.042 | 6.217 | -2.81% | - The company maintains a leading position in energy and power survey and design technology, with international advantages in ultra-supercritical units, third-generation nuclear power, and UHV transmission and transformation[11](index=11&type=chunk) [Engineering Construction Business](index=10&type=section&id=Item%20III.2.2%20Engineering%20Construction%20Business) The core engineering construction segment saw new contracts surge **60.62%** to **RMB 470.385 billion** and revenue grow **41.96%** to **RMB 115.021 billion** in H1 2021, driven by post-pandemic project resumption Key Operating Indicators for Engineering Construction Business (RMB Billion) | Indicator | H1 2021 | H1 2020 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | Operating Revenue | 115.021 | 81.022 | 41.96% | | Gross Profit | 8.648 | 5.943 | 45.52% | | New Contracts Signed | 470.385 | 292.851 | 60.62% | - The company demonstrates strong core competitiveness in power and large-scale infrastructure investment and construction, offering integrated engineering construction services with full value chain and lifecycle management[20](index=20&type=chunk) [Industrial Manufacturing Business](index=14&type=section&id=Item%20III.2.3%20Industrial%20Manufacturing%20Business) The industrial manufacturing segment, encompassing cement, civil explosives, and equipment, achieved **22.99%** revenue growth to **RMB 12.318 billion** in H1 2021, with all sub-segments showing double-digit increases Key Operating Indicators for Industrial Manufacturing Business (RMB Billion) | Indicator | H1 2021 | H1 2020 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Segment Operating Revenue** | **12.318** | **10.016** | **22.99%** | | Of which: Cement Production | 4.476 | 3.584 | 24.89% | | Of which: Civil Explosives | 2.252 | 1.952 | 15.37% | | Of which: Equipment Manufacturing | 5.590 | 4.480 | 24.78% | | **Segment Gross Profit** | **3.040** | **2.605** | **16.72%** | [Clean Energy and Environmental Water Business](index=16&type=section&id=Item%20III.2.4%20Clean%20Energy%20and%20Environmental%20Water%20Business) This segment's H1 2021 revenue significantly decreased by **61.66%** to **RMB 2.518 billion** due to the divestment of loss-making environmental businesses, yet gross profit surged **88.50%** indicating improved profitability Key Operating Indicators for Clean Energy and Environmental Water Business (RMB Billion) | Indicator | H1 2021 | H1 2020 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Segment Operating Revenue** | **2.518** | **6.568** | **-61.66%** | | Of which: Clean Energy | 0.844 | 0.599 | 40.90% | | Of which: Environmental Business | 1.054 | 5.190 | -79.69% | | Of which: Water Business | 0.620 | 0.779 | -20.41% | | **Segment Gross Profit** | **0.826** | **0.438** | **88.50%** | - The substantial decrease in environmental business revenue resulted from the divestment of certain loss-making operations, which concurrently led to a significant improvement in the segment's overall gross profit[33](index=33&type=chunk) [Investment and Other Businesses](index=17&type=section&id=Item%20III.2.5%20Investment%20and%20Other%20Businesses) This segment, including real estate and highway operations, achieved robust **69.34%** revenue growth to **RMB 12.969 billion** in H1 2021, with real estate and highway operations growing **62.28%** and **99.79%** respectively Key Operating Indicators for Investment and Other Businesses (RMB Billion) | Indicator | H1 2021 | H1 2020 | Year-on-Year Change | | :--- | :--- | :--- | :--- | | **Segment Operating Revenue** | **12.969** | **7.659** | **69.34%** | | Of which: Real Estate Business | 5.417 | 3.338 | 62.28% | | Of which: Highway Operations | 0.935 | 0.468 | 99.79% | | **Segment Gross Profit** | **2.789** | **1.842** | **51.39%** | [Summary of Business Development](index=19&type=section&id=Item%20III.2.6%20Summary%20of%20Business%20Development) By H1 2021, new contracts surged **58.2%** to **RMB 483.289 billion**, with backlog increasing **19.08%** to **RMB 1,623.713 billion**, indicating strong future performance and optimized business structure New Contracts Signed in H1 2021 (RMB Billion) | Category | H1 2021 | H1 2020 | Year-on-Year Growth Rate | | :--- | :--- | :--- | :--- | | **Total** | **483.289** | **305.491** | **58.20%** | | Domestic | 340.749 | 208.124 | 63.72% | | International | 142.540 | 97.367 | 46.39% | | Power Engineering | 242.157 | 159.331 | 51.98% | | Non-Power Engineering | 241.132 | 146.160 | 64.98% | Uncompleted Contracts as of H1 2021 (RMB Billion) | Category | End of H1 2021 | End of H1 2020 | Year-on-Year Growth Rate | | :--- | :--- | :--- | :--- | | **Total** | **1,623.713** | **1,363.569** | **19.08%** | | Engineering Construction | 1,584.526 | 1,319.242 | 20.11% | | Power Engineering | 952.186 | 860.357 | 10.67% | | Non-Power Engineering | 671.527 | 503.212 | 33.45% | [Management Discussion and Analysis](index=21&type=section&id=Item%20IV.%20Management%20Discussion%20and%20Analysis) This section provides an in-depth analysis of the company's H1 2021 overall and segment operating performance, cash flow, debt status, pledged assets, contingent matters, risk management strategies, and future investment and business outlook [Overall Operating Performance](index=21&type=section&id=Item%20IV.1%20Overall%20Operating%20Performance) In H1 2021, operating revenue grew **34.04%** driven by engineering construction and other segments, while gross profit increased **36.98%** due to higher revenue and improved margins - Operating revenue increased **34.04%** to **RMB 141.546 billion**, primarily driven by engineering construction, equipment manufacturing, and real estate businesses[54](index=54&type=chunk) - Gross profit increased **36.98%** to **RMB 17.047 billion**, primarily due to higher engineering construction revenue, improved margins in certain businesses, and the turnaround of environmental operations[55](index=55&type=chunk) - Selling and administrative expenses increased **26.82%** and **21.45%** respectively, primarily due to the stable resumption of production and operational activities in 2021, leading to corresponding expenditure growth[56](index=56&type=chunk)[57](index=57&type=chunk) [Segment Operating Performance](index=23&type=section&id=Item%20IV.2%20Segment%20Operating%20Performance) In H1 2021, engineering construction showed strong growth, while clean energy and environmental water revenue declined due to divestments, but its gross profit significantly improved Operating Revenue and Year-on-Year Change by Segment (RMB Million) | Segment | H1 2021 Revenue | Year-on-Year Change | | :--- | :--- | :--- | | Survey, Design and Consulting Services | 5,701.1 | 18.80% | | Engineering Construction | 115,020.8 | 41.96% | | Industrial Manufacturing | 12,318.2 | 22.99% | | Clean Energy and Environmental Water | 2,518.0 | -61.66% | | Investment and Other Businesses | 12,969.1 | 69.34% | - The decline in clean energy and environmental water revenue was primarily due to reduced environmental business, but gross profit increased **88.50%** as cost reductions from divesting low-margin operations outpaced revenue decline[64](index=64&type=chunk) [Cash Flow](index=26&type=section&id=Item%20IV.3%20Cash%20Flow) As of June 30, 2021, the company reported **RMB 39.47 billion** in cash and equivalents, with increased net cash outflows from operating and investing activities, partially offset by financing inflows Condensed Consolidated Cash Flow Statement Highlights (RMB Million) | Item | H1 2021 | H1 2020 | | :--- | :--- | :--- | | Net Cash Used in Operating Activities | (11,010.7) | (9,343.2) | | Net Cash Used in Investing Activities | (9,780.8) | (7,805.6) | | Net Cash from Financing Activities | 10,421.2 | 12,283.2 | | Net Decrease in Cash and Cash Equivalents | (10,370.3) | (4,865.6) | [Indebtedness](index=28&type=section&id=Item%20IV.6%20Indebtedness) As of June 30, 2021, total liabilities were **RMB 351.477 billion**, with a debt-to-asset ratio of **70.40%**, and the company maintained substantial unused bank credit lines of **RMB 547.542 billion** - The asset-liability ratio stood at **70.40%**, a **0.63 percentage point decrease** from **71.03%** at the end of 2020[74](index=74&type=chunk) Debt Structure (RMB Million) | Item | June 30, 2021 | December 31, 2020 | | :--- | :--- | :--- | | Long-term Debt | 85,040.0 | 72,970.3 | | Short-term Debt | 35,731.6 | 44,188.5 | | **Total** | **120,771.6** | **117,158.8** | - The company has no significant overdue bank borrowings or breaches of debt financing obligations, holding **RMB 40 billion** in unused debt securities quotas and **RMB 547.542 billion** in unused bank credit lines[82](index=82&type=chunk) [Pledged Assets, Contingent Matters and Contingent Liabilities](index=31&type=section&id=Item%20IV.7%20Pledged%20Assets%2C%20Contingent%20Matters%20and%20Contingent%20Liabilities) As of June 30, 2021, **RMB 66.359 billion** in assets were pledged, with contingent liabilities totaling **RMB 8.012 billion** from guarantees, and ongoing legal proceedings involving a subsidiary - As of June 30, 2021, the company had a total of **RMB 66.359 billion** in pledged assets to secure bank credit facilities[84](index=84&type=chunk) - Total external guarantees amounted to **RMB 8.012 billion**, covering loan guarantees for related parties and third parties, and mortgage loan guarantees for property buyers[88](index=88&type=chunk) - Subsidiary Gezhouba Huanjia is involved in multiple legal proceedings with financial institutions, lenders, and suppliers, with some outcomes uncertain pending supervisory commission investigations[90](index=90&type=chunk)[91](index=91&type=chunk)[92](index=92&type=chunk) [Risk Management](index=34&type=section&id=Item%20IV.9%20Risk%20Management) The company faces key risks including macroeconomic volatility, international operations, QHSE, investment decisions, and project execution, addressed through enhanced analysis, strategic planning, and robust management systems - Major business risks include: * **Macroeconomic risk**: Impact of domestic and international economic changes on industry development[96](index=96&type=chunk) * **International operation risk**: Challenges from overseas epidemics, geopolitical issues, and capital shortages[97](index=97&type=chunk) * **QHSE risk**: Inherent safety production risks within the construction industry[99](index=99&type=chunk) * **Investment risk**: Difficulties in investment decision-making and management for new business areas[99](index=99&type=chunk) * **Engineering project performance risk**: Issues with resource allocation, project duration, and costs exacerbated by the pandemic[99](index=99&type=chunk) - The company mitigates and prevents various risks by strengthening analysis, optimizing strategic layout, reinforcing management systems, and enhancing refined management capabilities[96](index=96&type=chunk)[97](index=97&type=chunk)[99](index=99&type=chunk) [Future Major Investment Plans](index=39&type=section&id=Item%20IV.12%20Future%20Major%20Investment%20Plans) Future investments will focus on core businesses aligned with 'carbon peak and neutrality' goals, including a significant A-share merger with Gezhouba Group Company Limited, approved by the CSRC in August 2021 - The company plans to absorb and merge its subsidiary Gezhouba Group Company Limited via an A-share issuance, a transaction approved by the China Securities Regulatory Commission[104](index=104&type=chunk)[106](index=106&type=chunk) - Future investments will concentrate on core businesses, aligning with 'carbon peak and neutrality' goals, and enhancing integrated investment, construction, and operation capabilities in new infrastructure and urbanization[104](index=104&type=chunk) [Business Outlook](index=40&type=section&id=Item%20IV.13%20Business%20Outlook) The company anticipates growth opportunities in domestic clean energy and infrastructure driven by national strategies, and a recovery in international markets, aiming for accelerated overall performance in H2 2021 - **Domestic Market Outlook**: * **Power Industry**: Rapid development in new energy and grid optimization, driven by 'carbon peak and neutrality' goals[107](index=107&type=chunk) * **Non-Power Market**: The '14th Five-Year Plan' will create market opportunities in new infrastructure, transportation, water conservancy, and ecological environmental protection[108](index=108&type=chunk)[109](index=109&type=chunk) - **International Market Outlook**: Improving global economic prospects and continued infrastructure focus present opportunities; the company will optimize its international market strategy and advance 'Belt and Road' initiatives[111](index=111&type=chunk) [Significant Matters](index=43&type=section&id=Item%20V.%20Significant%20Matters) This section discloses important corporate events, including changes in major shareholder interests, personnel adjustments to the Board and Supervisory Committee, and the acquisition and disposal of subsidiary equity during the reporting period [Major Shareholders' Interests](index=44&type=section&id=Item%20V.3%20Major%20Shareholders%27%20Interests) As of June 30, 2021, China Energy Engineering Group Co., Ltd. held approximately **62.58%** of the company's issued share capital as the controlling shareholder Major Shareholder Holdings (As of June 30, 2021) | Shareholder Name | Share Class | Holding Percentage (% of Total Share Capital) | | :--- | :--- | :--- | | China Energy Engineering Group Co., Ltd. | Domestic Shares & H Shares | ~62.58% | | China Reform Holdings Corporation Ltd. | Domestic Shares & H Shares | ~8.87% | | Silk Road Fund Co., Ltd. | H Shares | 4.87% | [Changes in Directors and Supervisors](index=47&type=section&id=Item%20V.6%20Changes%20in%20Directors%20and%20Supervisors) During the reporting period, the company's Board of Directors and Supervisory Committee underwent several personnel changes, with new appointments and resignations due to term expiry - On February 5, 2021, the company completed the re-election of its Board of Directors and Supervisory Committee, with several members resigning due to term expiry and new members elected[122](index=122&type=chunk) [Acquisition and Disposal of Subsidiaries](index=48&type=section&id=Item%20V.10%20Acquisition%20and%20Disposal%20of%20Subsidiaries) During the period, the company transferred equity in two subsidiaries, China Energy Engineering Fund Management Co., Ltd. and China Energy Engineering Group Financial Leasing Co., Ltd., to its controlling shareholder, losing control - In June 2021, the company signed agreements with its controlling shareholder to divest control of its fund and financial leasing companies, completing the remaining equity transfer for the latter in July[126](index=126&type=chunk) [Condensed Consolidated Financial Statements](index=49&type=section&id=Item%20VII.%20Condensed%20Consolidated%20Financial%20Statements) This section presents the company's unaudited consolidated statement of profit or loss and other comprehensive income, consolidated statement of financial position, and condensed consolidated cash flow statement for the six months ended June 30, 2021, along with detailed notes to the financial report [Consolidated Statement of Profit or Loss and Other Comprehensive Income](index=50&type=section&id=Item%20VII.1%20Consolidated%20Statement%20of%20Profit%20or%20Loss%20and%20Other%20Comprehensive%20Income) This section presents the unaudited consolidated statement of profit or loss for H1 2021, showing **RMB 141.546 billion** in operating revenue and **RMB 2.451 billion** in profit attributable to equity holders Key Data from Consolidated Income Statement H1 2021 (RMB Thousand) | Indicator | Amount | | :--- | :--- | | Operating Revenue | 141,545,737 | | Gross Profit | 17,046,955 | | Profit Before Tax | 6,164,048 | | Profit for the Period | 4,520,304 | | Profit Attributable to Equity Holders of the Company | 2,450,926 | [Consolidated Statement of Financial Position](index=53&type=section&id=Item%20VII.2%20Consolidated%20Statement%20of%20Financial%20Position) This section presents the unaudited consolidated statement of financial position as of June 30, 2021, with total assets of **RMB 499.229 billion** and total equity of **RMB 147.752 billion** Key Data from Consolidated Statement of Financial Position as of June 30, 2021 (RMB Thousand) | Indicator | Amount | | :--- | :--- | | Total Assets | 499,228,939 | | Total Liabilities | 351,476,846 | | Total Equity | 147,752,093 | [Condensed Consolidated Cash Flow Statement](index=58&type=section&id=Item%20VII.3%20Condensed%20Consolidated%20Cash%20Flow%20Statement) This section presents the unaudited condensed consolidated cash flow statement for H1 2021, showing net cash outflows from operating and investing activities, and net cash inflows from financing activities Key Data from Cash Flow Statement H1 2021 (RMB Thousand) | Indicator | Amount | | :--- | :--- | | Net Cash Used in Operating Activities | (11,010,748) | | Net Cash Used in Investing Activities | (9,780,806) | | Net Cash from Financing Activities | 10,421,238 | | Net Decrease in Cash and Cash Equivalents | (10,370,316) | [Notes to the Unaudited Interim Financial Report](index=60&type=section&id=Item%20VII.4%20Notes%20to%20the%20Unaudited%20Interim%20Financial%20Report) This section provides detailed notes to the unaudited interim financial report, covering accounting policies, segment information, financial instruments, related party transactions, contingent liabilities, and subsequent events - Note 3 details the revenue and performance of the five major business segments: survey, design and consulting, engineering construction, industrial manufacturing, clean energy and environmental water, and investment and other businesses[150](index=150&type=chunk) - Note 26 discloses multiple legal proceedings involving subsidiary Gezhouba Huanjia, with outcomes and potential financial impacts uncertain due to ongoing supervisory commission investigations[239](index=239&type=chunk)[240](index=240&type=chunk)[241](index=241&type=chunk) - Note 30 discloses subsequent events, including the approval by the China Securities Regulatory Commission on August 11, 2021, for the company's plan to absorb and merge Gezhouba Group Company Limited via a share swap[255](index=255&type=chunk) [Glossary of Terms and Technical Terminology](index=100&type=section&id=Item%20VIII.%20Glossary%20of%20Terms%20and%20Technical%20Terminology) This section defines and explains specific terms and technical terminology used throughout the report, such as 'Company,' 'CEEC,' 'PPP,' and 'Belt and Road,' to enhance reader comprehension - This section defines and explains specific terms and technical terminology used throughout the report, such as 'Company,' 'China Energy Engineering Group,' 'PPP,' and 'Belt and Road,' to enhance reader comprehension[257](index=257&type=chunk)[259](index=259&type=chunk)[260](index=260&type=chunk)

1_0_11_ 中国能建 1_0 投资及其他業務 9 | --- | --- | --- | --- | --- | --- | |----------------|----------|----------|-------|-------|------------------------------------------------------------| | | | | | 9 | 清潔能源及環保水務 | | | | 工業製造 | | | | | | 工程建設 | � | | | | | | | | | | | | | � | | | | | | 勘測設計及諮詢 | | | | | | | 9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | 二零二零年度報告 | | | | | | ttt f | 世界能源 中國能建 -路建設主力軍 | | | | | | | 中国能源建设股份有限公司 CHINA ENERGY ENGINEERING CO.,LTD. | | ...

1_0_11_ 中国能建 1_0 投资及其他業務 | --- | --- | --- | --- | --- | --- | |----------------|----------|----------|-------|--------|------------------------------------------------------------| | | | | | 9 | 9 清潔能源及環保水務 | | | | 工業製造 | | | | | | 工程建設 | � | | | | | | � | | | | | | 勘測設計及諮詢 | | | | | | | 9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 0 | | | | | | | | | | | | 二零二零中期報告 | | | | | | ttt TF | 世界能源 中國能建 -路建設主力軍 | | | | | | | 中国能源建设股份有限公司 CHINA ENERGY ENGINEERING CO.,LTD. | | u | F P | | ...

Financial Performance - Total revenue for the first half of 2020 was RMB 105,597.2 million, a decrease of 4.04% compared to RMB 110,044.7 million in the same period of 2019[5]. - The net profit attributable to equity holders for the first half of 2020 was RMB 919.0 million, down 57.41% from RMB 2,157.6 million in the first half of 2019[5]. - The gross profit margin decreased to 11.78% in the first half of 2020 from 12.47% in the same period of 2019[5]. - The company’s basic earnings per share for the first half of 2020 were RMB 2.88, down 60.11% from RMB 7.22 in the same period of 2019[5]. - The profit before tax for the six months ended June 30, 2020, was RMB 3,502.7 million, a decline of 40.74% from RMB 5,911.2 million in 2019[46]. - Net profit for the same period was RMB 2,238.4 million, down 48.28% from RMB 4,327.6 million in 2019[46]. - Gross profit for the six months ended June 30, 2020, was RMB 12,445.0 million, a decrease of 9.21% from RMB 13,707.4 million in 2019, primarily due to revenue declines across various segments[47]. - The company reported a significant increase in contract assets, which rose to RMB 48,451,003 thousand from RMB 41,151,749 thousand, marking an increase of about 17.5%[131]. Revenue Breakdown - The company reported a decrease in revenue from clean energy and environmental water services by 21.18%, from RMB 8,332.6 million in 2019 to RMB 6,568.1 million in 2020[5]. - The engineering construction segment generated RMB 81,022.0 million in revenue, a slight decrease of 0.62% from RMB 81,526.9 million in the previous year[5]. - The operating revenue for the engineering construction segment was RMB 81.02 billion, showing a slight decline of 0.62% year-on-year, but a second-quarter increase of 12.34%[18]. - The clean energy segment generated RMB 599 million, down 7.64% year-on-year, while the environmental business saw a significant decline of 25.09% to RMB 5.190 billion[29]. - The industrial manufacturing segment's operating revenue was RMB 10.02 billion, down 7.23% year-on-year, with a second-quarter growth of 1.91%[22]. - The cement production business generated RMB 3.58 billion in revenue, a decline of 27.43% year-on-year[23]. - The investment and other businesses reported revenue of RMB 7.659 billion, a decrease of 7.19% year-on-year, but Q2 showed a recovery with a growth of 6.37%[33]. Assets and Liabilities - The company's total assets increased by 3.44% to RMB 436,173.7 million as of June 30, 2020, compared to RMB 421,670.3 million at the end of 2019[6]. - Current liabilities rose by 5.47% to RMB 237,284.2 million as of June 30, 2020, compared to RMB 224,982.0 million at the end of 2019[6]. - Non-current assets increased by 6.58% to RMB 167,329.8 million as of June 30, 2020, compared to RMB 156,993.3 million at the end of 2019[6]. - The total equity increased by 2.22% to RMB 115,810.4 million as of June 30, 2020, compared to RMB 113,290.4 million at the end of 2019[6]. - As of June 30, 2020, the company's total liabilities amounted to RMB 320,363.3 million, with a debt-to-asset ratio of 73.45%, an increase of 0.32 percentage points from the end of the previous year[68]. - The company's total debt increased by RMB 13,003.4 million from December 31, 2019, primarily due to operational funding needs and asset acquisitions[76]. Contracts and New Business - In the first half of 2020, the company signed new contracts worth RMB 305.49 billion, representing a year-on-year increase of 10.61%[10]. - The new signed contracts for engineering construction business amounted to RMB 292.85 billion, representing a year-on-year growth of 11.10%, with a second-quarter growth of 19.54%[17]. - The surveying, design, and consulting business segment achieved new contract value of RMB 6.22 billion, a year-on-year increase of 3.48%, with Q2 showing a growth of 12.62%[11]. - The company has secured significant contracts in both domestic and international projects, including a 2x1,000 MW thermal power expansion project in Shaanxi and a 151.54 MW gas turbine power plant project in Myanmar[21]. Market Conditions and Challenges - The company faces external risks and challenges due to the ongoing global pandemic, impacting economic recovery in China[9]. - The global GDP is projected to contract by 4.9% in 2020 due to the impact of the COVID-19 pandemic[103]. - Foreign direct investment worldwide is forecasted to drop by 40% in 2020 as per the United Nations report[103]. - The company anticipates increased foreign currency revenues and expenses as it expands overseas, which may expose it to exchange rate fluctuations[90]. Operational Efficiency - Selling expenses decreased by 34.89% to RMB 805.1 million from RMB 1,236.5 million in 2019, mainly due to operational disruptions caused by the pandemic[48]. - Financial expenses decreased by 10.21% to RMB 1,696.2 million from RMB 1,889.1 million in 2019, attributed to lower borrowing rates[50]. - The company plans to maintain a prudent financial policy while improving equity and asset returns through various funding sources, including internal financing and external financing at reasonable market rates[66]. Employee and Management - The company has a total employee count of 116,996, including 35,928 management personnel and 39,013 professional technical personnel[92]. - In the first half of 2020, the company completed training for 211,800 employees, including 154,800 in job training and 7,200 in continuing education[92]. - The company implemented a salary management system that links employee compensation to performance, with a total payment of RMB 51.43 million for 87.16 million restricted stocks returned due to unmet performance conditions[94]. Future Outlook - The company plans to enhance policy environment analysis and optimize international market layout to seize recovery opportunities[103]. - The company aims to maintain stable operations and create new development opportunities in the second half of 2020[104]. - The company is focused on high-quality development of international business in line with the Belt and Road Initiative[103].

P | --- | --- | --- | --- | --- | |----------------|------------|----------|----------------------|------------------------------------------------------------| | | | 工業製造 | 清潔能源及環保水務 9 | 9 | | | | 9 | | | | 勘測設計及諮詢 | 工程建設 � | | | | | 9 | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | 二零一九年度報告 | | | | | ttt | 世界能源 中國能建 路建設主力軍 | | | | | | 中国能源建设股份有限公司 CHINA ENERGY ENGINEERING CO.,LTD. | | F | F UT | | | (在中華人民共和國註冊成立的股份有限公司) 股份代號：3996 | F 1_037 college com 投资及其他業務 公司簡介 本公司成立於2014年12月19日，是由 ...

Revenue and Profit - Total revenue for the first half of 2019 reached RMB 110,044.7 million, an increase of 8.40% compared to RMB 101,520.1 million in the same period of 2018[5] - The total profit for the period was RMB 4,327.6 million, representing a year-on-year increase of 3.54%[5] - The gross profit for the first half of 2019 was RMB 13,707.4 million, reflecting a 9.18% increase from RMB 12,554.4 million in the same period of 2018[31] - The net profit for the six months ended June 30, 2019, was RMB 4,327,571 thousand, compared to RMB 4,179,617 thousand in the previous year, representing an increase of 3.5%[108] - Total comprehensive income for the six months ended June 30, 2019, was RMB 4,490,474 thousand, an increase from RMB 3,219,505 thousand in the same period of 2018, representing a growth of approximately 39.5%[109] Segment Performance - The engineering construction segment generated RMB 81,526.9 million in revenue, reflecting a growth of 6.86% year-on-year[5] - The industrial manufacturing segment saw a significant increase of 17.99%, with revenue reaching RMB 10,795.6 million[5] - The clean energy and environmental water services segment reported a decline of 9.07%, with revenue of RMB 8,332.6 million[5] - The industrial manufacturing segment reported operating revenue of RMB 10.796 billion, a year-on-year increase of 17.99%[23] - The clean energy and environmental water business reported operating revenue of RMB 8.333 billion, a decline of 9.07% year-on-year, while water business revenue surged 186.68% to RMB 0.078 billion[25] Contracts and Backlog - The company signed new contracts worth RMB 12.03 trillion in the first half of 2019, a year-on-year increase of 2.47%[7] - The total value of contracts on hand as of June 30, 2019, was RMB 36.40 trillion, reflecting an 8.53% increase year-on-year[7] - In the first half of 2019, the company's new contract value reached RMB 276.19 billion, representing a year-on-year increase of 7.12%[11] - The company reported a backlog of uncompleted contracts in the surveying and consulting business amounting to RMB 32.15 billion, reflecting a growth of 3.18% compared to the end of 2018[19] - The total uncompleted contract amount for engineering construction as of June 30, 2019, was RMB 1,171.689 billion, an increase of 14.07% compared to the end of 2018[21] Assets and Liabilities - Total assets as of June 30, 2019, amounted to RMB 402,226.3 million, up 3.30% from RMB 389,385.5 million at the end of 2018[6] - Current liabilities decreased by 3.67% to RMB 218,005.1 million compared to RMB 226,312.8 million at the end of 2018[6] - Non-current liabilities increased by 18.47%, reaching RMB 80,452.3 million[6] - The company's total liabilities as of June 30, 2019, amounted to RMB 298,457.4 million, with a debt-to-asset ratio of 74.20%, down from 75.56% at the end of the previous year[51] - The total debt as of June 30, 2019, was RMB 113,496.2 million, compared to RMB 111,988.6 million at the end of 2018[52] Cash Flow and Financial Management - Operating cash flow for the six months ended June 30, 2019, was a net outflow of RMB 7,459.6 million, a decrease of RMB 9,277.6 million or 55.43% compared to the same period in 2018[45] - Investment cash flow for the six months ended June 30, 2019, was a net outflow of RMB 5,599.3 million, a decrease of RMB 2,129.5 million or 27.55% compared to the same period in 2018[47] - Financing cash flow for the six months ended June 30, 2019, was a net inflow of RMB 3,868.1 million, a decrease of RMB 16,359.8 million or 80.88% compared to the same period in 2018[48] - The total cash and cash equivalents at the end of June 30, 2019, was RMB 38,868.8 million, down from RMB 43,638.7 million at the end of June 30, 2018[44] - The company reported a net cash inflow from investment activities of RMB 477,634 thousand, up from RMB 309,879 thousand year-on-year[119] Employee and Training - The company plans to train 230,200 employees in 2019, with actual training completed reaching 240,100, including 164,100 in job training and 18,100 in continuing education[79] - The company has 120,063 employees as of June 30, 2019, including 36,140 management personnel and 39,815 professional technical personnel[79] Strategic Initiatives and Market Position - The company aims to strengthen its market position in traditional power sectors while expanding into new energy and non-electric engineering markets[19] - The company continues to leverage its full industry chain advantages to enhance its international market presence, particularly along the "Belt and Road" initiative[14] - The company plans to invest significantly in three areas: enhancing core business competitiveness, acquiring high-end companies in non-electric sectors, and accelerating overseas investments, particularly in the "Belt and Road" initiative[82] - The company aims to enhance its market presence in non-electric construction sectors, including urban infrastructure and smart city projects, which have significant market potential[87] Compliance and Governance - The company has complied with all provisions of the Corporate Governance Code as of June 30, 2019[99] - The audit committee reviewed the interim financial results and reports as of June 30, 2019, on August 30, 2019[101] - The company reappointed KPMG as its international auditor for the fiscal year 2019[102] Financial Reporting and Accounting Changes - The company adopted IFRS 16, which requires all leases to be capitalized, impacting the accounting treatment of leases starting from January 1, 2019[127] - The transition to IFRS 16 did not have a significant impact on the financial statements as a lessor[130] - The cash flow statement will show significant changes in cash flow presentation due to the capitalization of leases, although total cash flow remains unaffected[143] Economic Environment and Market Outlook - The overall economic growth target for China in 2019 is set at 6%-6.5%, reflecting a stable economic environment conducive to the company's operations[83] - Since 2018, international trade and cross-border investment have slowed due to rising trade protectionism, but the global economy is slowly recovering, and the trend of economic globalization remains unchanged[88]

HIDS 能 能 th 略 # 图 中 � 大洋洲 @ 中國 @ 亞洲 @ 非洲 @ 歐洲 � 南美洲 年度報告 世界能源 中國能建 中国能源建设股份有限公司 CHINA ENERGY ENGINEERING CO.,LTD. (在中華人民共和國註冊成立的股份有限公司) 股份代號：3996 中国能建 ENERGY CHINA CCF 7 h 7 n n h ③ 水力發電 ③ 火力發電 HUS 界能 市 in q mill � 核能發電 9 新能源 0 輪變電和變電 能者善為 建則善成 宣示高端精湛丶科學權威的高度自信。 表達創世界品牌丶鑄世紀豐碑的高遠志向。 4 b 4 l II 房地產開發 機場和港航 公路和橋 o 鐵路 能 图 中 ELEASELME aa GABOODD D D N WWOOM ao o o ○ o o 00 � 0 市政工作 裝備制造及维修 建築工程相關服務 在 產業投資和營運 共赢致和 行穩致遠 共赢是成就事業之基，致和是全面發展之魂。 行穩是永葆基業常青之根,致遠是打造百年企業之道。 公司簡介 本公司成立於2014年12月19日，是由中國能源建設集團有限公司（國務院國有資產監督管理 ...