Investment Rating - The report maintains a "Buy" rating for the company [1][6] Core Views - The company achieved a revenue of 100.37 billion yuan in Q1, a year-on-year increase of 3.05%, with a net profit attributable to shareholders of 1.61 billion yuan, up 8.83% year-on-year, and a non-net profit of 1.39 billion yuan, reflecting a significant year-on-year increase of 24.03% [1] - The company continues to make progress in new business layouts, with the world's first 300 MW compressed air energy storage project achieving full capacity grid-connected power generation [1] - The company expects net profits attributable to shareholders to reach 8.79 billion yuan, 9.41 billion yuan, and 10.17 billion yuan for the years 2025 to 2027, respectively [1] Financial Performance - In Q1, the company signed new contracts worth 388.9 billion yuan, a year-on-year increase of 5.8%, with core business engineering construction contracts amounting to 364.05 billion yuan, up 15.5% year-on-year [2] - The gross profit margin for Q1 was 11.18%, an increase of 0.47 percentage points year-on-year, while the net profit margin was 2.60%, up 0.19 percentage points year-on-year [3] - The company reported a net cash flow from operating activities of -14.51 billion yuan, a decrease in outflow of 1.68 billion yuan compared to the same period last year [3] Business Segments - The new energy business continues to grow rapidly, with new contracts in traditional energy, new energy, integrated smart energy, urban construction, and comprehensive transportation showing year-on-year increases of 6.1%, 20%, 57.8%, and 96.7%, respectively [2] - The company’s domestic new contract amount reached 287.46 billion yuan, a year-on-year increase of 4.2%, while the overseas new contract amount was 101.44 billion yuan, up 10.5% year-on-year [2] Financial Data and Valuation - The company’s projected revenue for 2023 is 406.03 billion yuan, with a growth rate of 10.82%, and the projected net profit attributable to shareholders is 7.99 billion yuan, with a growth rate of 2.26% [5] - The company’s price-to-earnings ratio (P/E) is projected to decrease from 11.59 in 2023 to 9.10 in 2027, indicating an improving valuation [5]

A 股代码：601868 A 股简称：中国能建 编号：临 2025-028 H 股代码：03996 H 股简称：中国能源建设 中国能源建设股份有限公司（以下简称公司）第三届董事会 第四十五次会议于 2025 年 4 月 15 日以书面形式发出会议通知， 会议于 2025 年 4 月 29 日在公司 2702 会议室以现场结合视频方 式召开。会议由公司董事长宋海良主持，会议应参与表决董事 8 名，实际参与表决董事 8 名，其中刘学诗董事通过委托表决。公 司监事和部分高级管理人员列席会议。会议的召开符合有关法律 法规和《公司章程》的有关规定。 表决结果：8 票同意，0 票反对，0 票弃权。 详细内容请见公司同日发布的《中国能源建设股份有限公司 2025 年第一季度报告》。 二、审议通过《关于公司总部2025年制度建设计划的议案》 经过有效表决，会议形成以下决议： 一、审议通过《关于公司2025年第一季度报告的议案》 本议案在提交董事会前已经第三届董事会审计委员会第三 十二次会议审议通过。 中国能源建设股份有限公司 第三届董事会第四十五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性 ...

Performance Summary - Industrial and Commercial Bank of China (01398.HK) reported Q1 revenue of 204.688 billion yuan, a decrease of 2.61% year-on-year, and a net profit of 84.156 billion yuan, down 3.99% [3] - China Construction Bank (00939.HK) had Q1 operating income of 185.99 billion yuan, down 4.76% year-on-year, with a net profit of 83.351 billion yuan, also down 3.99% [3] - Agricultural Bank of China (01288.HK) achieved Q1 revenue of 186.735 billion yuan, an increase of 0.32% year-on-year, and a net profit of 71.931 billion yuan, up 2.2% [3] - Bank of China (03988.HK) reported Q1 revenue of 164.911 billion yuan, an increase of 2.41% year-on-year, but a net profit of 58.644 billion yuan, down 2.22% [3] - Postal Savings Bank of China (01658.HK) had Q1 revenue of 89.406 billion yuan, a slight decrease of 0.1%, and a net profit of 25.246 billion yuan, down 2.62% [3] - China Merchants Bank (03968.HK) reported Q1 revenue of 83.731 billion yuan, down 3.11% year-on-year, with a net profit of 37.286 billion yuan, down 2.08% [3] - Bank of Communications (03328.HK) had Q1 net operating income of 66.44 billion yuan, down 1.13%, but a net profit of 25.372 billion yuan, up 1.54% [3] - HSBC Holdings (00005.HK) reported Q1 revenue of 17.649 billion USD, down 14.95%, and a post-tax profit of 7.57 billion USD, down 30.15% [3] - China People's Insurance Group (01339.HK) achieved Q1 revenue of 156.589 billion yuan, up 12.8%, and a net profit of 12.849 billion yuan, up 43.4% [3] - China Life Insurance (02628.HK) reported Q1 revenue of 110.177 billion yuan, down 8.9%, but a net profit of 28.802 billion yuan, up 39.5% [3] - New China Life Insurance (01336.HK) had Q1 revenue of 33.402 billion yuan, up 26.1%, and a net profit of 5.882 billion yuan, up 19% [3] - China National Petroleum Corporation (00857.HK) reported Q1 revenue of 753.108 billion yuan, down 7.3%, but a net profit of 46.809 billion yuan, up 2.3% [3] - CNOOC (00883.HK) had Q1 revenue of 106.854 billion yuan, down 4.1%, and a net profit of 36.563 billion yuan, down 7.9% [3] - Huadian International Power (01071.HK) reported Q1 revenue of 26.577 billion yuan, down 14.14%, but a net profit of 1.93 billion yuan, up 3.66% [3] - China International Marine Containers (01880.HK) had Q1 revenue of 16.746 billion yuan, down 10.96%, and a net profit of 1.938 billion yuan, down 15.98% [3] - Air China (00753.HK) reported Q1 revenue of 40.023 billion yuan, down 0.11%, with a net loss of 2.044 billion yuan, an increase of 22.07% [3] - CITIC Securities (06030.HK) achieved Q1 revenue of 17.761 billion yuan, up 29.13%, and a net profit of 6.545 billion yuan, up 32% [3] - China Galaxy Securities (06881.HK) reported Q1 revenue of approximately 7.558 billion yuan, up 4.77%, and a net profit of approximately 3.016 billion yuan, up 84.86% [3] - CITIC Construction Investment Securities (06066.HK) had Q1 operating income of 4.919 billion yuan, up 14.54%, and a net profit of 1.843 billion yuan, up 50.07% [3] - Huatai Securities (06886.HK) reported Q1 revenue of approximately 8.232 billion yuan, up 34.83%, and a net profit of approximately 3.642 billion yuan, up 58.97% [3] - China Railway Construction (01186.HK) had Q1 revenue of 256.762 billion yuan, down 6.61%, and a net profit of 5.151 billion yuan, down 14.51% [3] - China Energy Engineering (03996.HK) reported Q1 revenue of 100.371 billion yuan, up 3.05%, and a net profit of 1.612 billion yuan, up 8.83% [3] - Times Electric (03898.HK) achieved Q1 revenue of 4.537 billion yuan, up 14.81%, and a net profit of 631 million yuan, up 13.42% [3] - Midea Group (00300.HK) reported Q1 revenue of 127.839 billion yuan, up 20.49%, and a net profit of 12.422 billion yuan, up 38.02% [3] - WH Group (00288.HK) had Q1 revenue of 6.554 billion USD, up 6.0%, and a profit of 364 million USD, up 20.9% [3] - Suncity Group (00880.HK) reported Q1 total revenue of 7.48 billion HKD, up 8.1%, and a net profit of 31 million HKD, turning profitable [3] - COSCO Shipping Ports (01199.HK) had Q1 revenue of 3.82 billion USD, up 14.7%, and a net profit of 839 million USD, up 33.5% [3] - Flat Glass Group (06865.HK) reported Q1 revenue of 4.079 billion yuan, down 28.76%, and a net profit of 106 million yuan, down 86.03% [3] - Zoomlion Heavy Industry (01157.HK) achieved Q1 revenue of 12.117 billion yuan, up 2.92%, and a net profit of 1.41 billion yuan, up 53.98% [3] - Ganfeng Lithium (01772.HK) reported Q1 revenue of approximately 3.772 billion yuan, down 25.43%, with a net loss of approximately 356 million yuan, narrowing by 18.93% [3] - Qingdao Port (06198.HK) had Q1 revenue of 4.807 billion yuan, up 8.51%, and a net profit of 1.402 billion yuan, up 6.51% [3] - China Shipbuilding Defense (00317.HK) reported Q1 revenue of approximately 3.641 billion yuan, up 29.73%, and a net profit of approximately 184 million yuan, up about 11 times [3] - Baiyunshan Pharmaceutical (00874.HK) had Q1 revenue of 22.473 billion yuan, down 2.06%, and a net profit of 1.821 billion yuan, down 6.99% [3] Investment Activities - New China Life Insurance (01336.HK) plans to invest no more than 10 billion yuan to subscribe to a private fund [4] - China Life Insurance (02628.HK) intends to invest 2 billion yuan to establish a partnership [4] Contract Signing - China Metallurgical Group (01618.HK) reported a new contract signing amount of 230.66 billion yuan in Q1, a decrease of 27.2% year-on-year, with overseas contracts amounting to 12.04 billion yuan, down 35.7% [5] Energy Production - Xin Tian Green Energy (00956.HK) completed power generation of 4.5442 million MWh in Q1, an increase of 10.37% year-on-year [6] - China Power (02380.HK) reported total electricity sales of 30.7477 million MWh in the first three months, up 2.59% year-on-year, with March sales of 10.9617 million MWh, up 3.95% [6] - Qingdao Port (06198.HK) achieved a total cargo throughput of 177 million tons in the first three months, up 2.9% year-on-year [6] Licensing Agreement - Fuhong Hanlin (02696.HK) entered into a licensing agreement with Sandoz AG for the commercialization of HLX13 in specified regions [6] Privatization Offer - Dingsheng Creation (00113.HK) received a privatization offer at a premium of approximately 50.63%, with a maximum cash consideration of about 1.0986 billion HKD [7] Share Buybacks - AIA Group (01299.HK) repurchased shares for 342.6 million HKD, buying back 6.2592 million shares at prices between 54.25 and 55.35 HKD [8] - J&T Express-W (01519.HK) repurchased shares for 9.2485 million HKD, buying back 1.54 million shares at prices between 5.98 and 6.03 HKD [8]

Financial Performance - The operating revenue for the first quarter was CNY 100,370,574, representing a year-on-year increase of 3.05% compared to CNY 97,403,938 in the same period last year[4]. - The net profit attributable to shareholders was CNY 1,611,677, showing an increase of 8.83% from CNY 1,480,915 in the previous year[4]. - The net profit after deducting non-recurring gains and losses was CNY 1,385,696, which is a significant increase of 24.03% from CNY 1,117,223 in the same period last year[5]. - The basic earnings per share increased to CNY 0.037, up 8.82% from CNY 0.034 in the previous year[5]. - The total comprehensive income for the first quarter of 2025 was CNY 2,694,339,000, an increase of 18.1% compared to CNY 2,282,365,000 in the first quarter of 2024[28]. - The company's total revenue for Q1 2025 reached RMB 100.37 billion, up 2.0% from RMB 97.40 billion in Q1 2024[26]. - Operating costs for Q1 2025 were RMB 97.31 billion, compared to RMB 94.41 billion in Q1 2024, reflecting a 3.1% increase[26]. - Net profit for Q1 2025 was RMB 2.61 billion, a 11.2% increase from RMB 2.35 billion in Q1 2024[26]. Assets and Liabilities - Total assets at the end of the reporting period reached CNY 904,580,015, reflecting a growth of 4.09% from CNY 869,004,776 at the end of the previous year[5]. - The company's total liabilities increased to CNY 696.37 billion from CNY 663.18 billion, indicating a rise in financial obligations[23]. - The company’s total liabilities increased to CNY 30,723,905 thousand in 2025 from CNY 28,524,603 thousand in 2024, reflecting a growth of 7.7%[36]. - The total assets as of March 31, 2025, were CNY 116,744,200,000, compared to CNY 114,768,026,000 at the end of 2024[34]. - The company’s total liabilities increased to CNY 21,033,855,000 as of March 31, 2025, from CNY 20,834,792,000 at the end of 2024[34]. Cash Flow - The net cash flow from operating activities was negative at CNY -14,509,148, an improvement from CNY -16,193,463 in the same period last year[5]. - The net cash flow from operating activities for Q1 2025 was -CNY 14,509,148,000, an improvement from -CNY 16,193,463,000 in Q1 2024[30]. - The company's cash and cash equivalents decreased to RMB 87.80 billion from RMB 91.16 billion as of December 31, 2024[21]. - The company reported cash and cash equivalents of CNY 1,599,962 thousand at the end of Q1 2025, up from CNY 856,463 thousand at the end of Q1 2024, marking an increase of 87.5%[42]. - The cash flow from operating activities showed a net outflow of CNY 259,947 thousand in Q1 2025, an improvement from a net outflow of CNY 292,023 thousand in Q1 2024[41]. Investments and Projects - The company signed new domestic contracts worth RMB 287.455 billion in Q1 2025, a year-on-year increase of 4.18%, and secured 2.06 million kW of new energy development indicators[14]. - The company’s overseas new contract value reached RMB 101.441 billion, with a year-on-year growth of 10.47%, and new energy and integrated smart energy projects signed abroad increased by 53.7%[14]. - The company has developed the world's first 300 MW compressed air energy storage demonstration project, which has entered stable commercial operation, marking a significant breakthrough in energy storage technology[15]. - The company is actively constructing over 50 green hydrogen and ammonia projects across key regions, with plans for the largest hydrogen energy industrial park in Jilin to be operational by the end of 2025[16]. - The company has signed contracts for key projects including a 445 MW photovoltaic project in Azerbaijan and an ecological restoration project in Kenya, further expanding its market presence[14]. Financing and Shareholder Information - The company issued its first tranche of technology innovation corporate bonds in 2025, with a scale of RMB 2 billion and a coupon rate of 2.33%, setting a new low for long-term bond rates[18]. - The company plans to raise up to RMB 9 billion through a private placement of A-shares, with funds allocated to multiple renewable energy projects[20]. - The company’s total shareholding by its controlling shareholder, China Energy Construction Group, increased to 18,847,137,078 shares, accounting for 45.21% of the total share capital[12]. - The company has extended the validity period of its private placement decision by 12 months to ensure the smooth progress of the issuance[20]. Research and Development - Research and development expenses for Q1 2025 were RMB 2.13 billion, compared to RMB 1.61 billion in Q1 2024, marking a 32.0% increase[27]. - The company is focusing on integrating AI into its operations, launching an "AI+" initiative to enhance energy and industrial integration[16]. - The company has implemented a comprehensive risk control system to prevent major risks, ensuring stable safety production levels[18]. Other Financial Metrics - The company reported a significant increase in accounts receivable, totaling RMB 93.61 billion, up from RMB 85.24 billion[21]. - The company raised CNY 1,366,277,000 from investments in Q1 2025, significantly higher than CNY 282,534,000 in Q1 2024[32]. - The company incurred sales expenses of CNY 143,841 thousand in Q1 2025, up from CNY 123,611 thousand in Q1 2024, representing an increase of 16.3%[37]. - The financial expenses for Q1 2025 were CNY 119,177 thousand, significantly higher than CNY 44,139 thousand in Q1 2024, indicating an increase of 169%[37].

Financial Performance - Operating revenue for the quarter was RMB 100,370,574 thousand, representing a 3.05% increase year-on-year[14] - Net profit attributable to shareholders increased by 8.83% to RMB 1,611,677 thousand compared to the same period last year[14] - Basic earnings per share rose by 8.82% to RMB 0.037 compared to the same period last year[14] - Total operating revenue for Q1 2025 reached RMB 100,370,574, an increase of 2.0% compared to RMB 97,403,938 in Q1 2024[37] - Net profit for Q1 2025 was RMB 2,613,766, representing a 11.2% increase from RMB 2,349,778 in Q1 2024[38] - Earnings per share for Q1 2025 were RMB 0.037, compared to RMB 0.034 in Q1 2024, indicating a growth of 8.8%[39] - Total operating costs for Q1 2025 were RMB 97,312,784, up from RMB 94,409,058 in Q1 2024, reflecting a 3.1% increase[37] Cash Flow and Liquidity - The net cash flow from operating activities was negative at RMB -14,509,148 thousand, an improvement from RMB -16,193,463 thousand in the previous year[14] - Cash flow from operating activities in Q1 2025 was RMB 107,214,039, an increase from RMB 92,156,931 in Q1 2024, marking a growth of 16.4%[40] - Cash and cash equivalents at the end of Q1 2025 totaled 78,966,477 thousand RMB, up from 56,010,736 thousand RMB at the end of Q1 2024, reflecting an increase of approximately 41%[42] - The net increase in cash and cash equivalents for Q1 2025 was -3,134,998 thousand RMB, an improvement from -12,125,283 thousand RMB in Q1 2024, showing better cash management[42] - The company received cash from financing activities totaling 45,956,478 thousand RMB in Q1 2025, slightly down from 46,755,828 thousand RMB in Q1 2024[42] Assets and Liabilities - Total assets increased by 4.09% to RMB 904,580,015 thousand compared to the end of the previous year[13] - Total current assets amounted to RMB 474.66 billion, an increase from RMB 447.30 billion as of December 31, 2024[31] - The total non-current assets as of March 31, 2025, reached RMB 429.92 billion, compared to RMB 421.70 billion on December 31, 2024[32] - Current liabilities increased to RMB 458.91 billion as of March 31, 2025, up from RMB 437.23 billion as of December 31, 2024[33] - Total liabilities as of March 31, 2025, amounted to RMB 696,366,243, up from RMB 663,175,697 as of December 31, 2024, reflecting a 5.0% increase[34] - Total equity as of March 31, 2025, was RMB 208,213,772, compared to RMB 205,829,079 as of December 31, 2024, showing a slight increase of 0.2%[35] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 343,692[19] - The largest shareholder, China Energy Construction Group Co., Ltd., holds 45.05% of the shares[19] - As of April 2025, the controlling shareholder, China Energy Construction Group, holds 18,847,137,078 shares, accounting for 45.21% of the total share capital[21] Contracts and Projects - In Q1 2025, the company achieved new contract signing amount, operating revenue, and net profit attributable to shareholders of RMB 388.896 billion, RMB 100.371 billion, and RMB 1.612 billion, respectively, representing year-on-year growth of 5.75%, 3.05%, and 8.83%[22] - The company signed new domestic contracts worth RMB 287.455 billion in Q1 2025, a year-on-year increase of 4.18%, and secured 2.06 million kW in new energy development indicators[23] - The company’s overseas new contract signing amount reached RMB 101.441 billion, with a year-on-year growth of 10.47%, and new energy and integrated smart energy projects saw a 53.7% increase in contracts signed[23] - The company has developed the world's first 300 MW compressed air energy storage demonstration project, which has entered stable commercial operation, marking a significant breakthrough in new energy technology[24] - The company has signed contracts for over 30 compressed air energy storage sites, with key projects in Shandong and Shaanxi under accelerated construction[24] Research and Development - Research and development expenses for Q1 2025 were RMB 2,128,220, up from RMB 1,614,792 in Q1 2024, indicating a significant increase of 31.7%[37] - The company’s new technology projects, including green building materials and integrated solar energy, are progressing rapidly and are expected to enhance operational efficiency[24] Strategic Initiatives - The hydrogen energy business is expanding, with over 50 projects in key regions both domestically and internationally, focusing on a full-chain industry model from production to utilization[25] - The company is actively promoting AI initiatives, focusing on integrating AI with energy and industry sectors, and has outlined a comprehensive action plan for AI development[25] - The company is focusing on project management and has implemented a series of measures to enhance operational efficiency and risk control[27] - The company is actively expanding its regional computing hub construction across several key locations, including Gansu, Ningxia, and Anhui[26] Financial Instruments - The company successfully issued the first phase of technology innovation corporate bonds for 2025, with a scale of RMB 2 billion, a 10-year term, and a coupon rate of 2.33%, setting a new low for long-term bond rates[27] Other Information - The company has not reported any new products or technologies in the current earnings call[50] - There are no updates on market expansion or mergers and acquisitions mentioned in the earnings call[50] - The company is set to implement new accounting standards starting in 2025, which may affect financial reporting[53]

Financial Performance - The company reported a basic earnings per share of 0.0370 yuan for Q1 2025, an increase of 8.82% compared to 0.0340 yuan in Q1 2024 and up from 0.0250 yuan in Q1 2023 [1] - The total revenue for Q1 2025 was 100.37 billion yuan, reflecting a growth of 3.05% from 97.40 billion yuan in Q1 2024 and an increase from 88.52 billion yuan in Q1 2023 [1] - Net profit for Q1 2025 reached 1.612 billion yuan, which is an 8.85% increase from 1.481 billion yuan in Q1 2024 and significantly higher than 1.124 billion yuan in Q1 2023 [1] - The return on equity (ROE) improved to 1.43% in Q1 2025, up from 1.37% in Q1 2024 and 1.12% in Q1 2023 [1] Shareholder Structure - The top ten unrestricted shareholders collectively hold 3,156,322.39 million shares, accounting for 75.72% of the circulating shares, with a decrease of 45.65 million shares compared to the previous period [1] - China Energy Engineering Group Co., Ltd. is the largest shareholder, holding 1,878,164.15 million shares, which represents 45.05% of the total share capital, with an increase of 71.19 million shares [2] - HKSCC Nominees Limited holds 843,801.36 million shares, accounting for 20.24% of the total, with a slight decrease of 0.62 million shares [2] Dividend Policy - The company has announced that it will not distribute dividends or transfer shares this time [3]

A 股代码：601868 A 股简称：中国能建 编号：临 2025-026 H 股代码:03996 H 股简称:中国能源建设 中国能源建设股份有限公司董事会 重大工程中标公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记 载、误导性陈述或者重大遗漏，并对其内容的真实性、准确性和 完整性承担法律责任。 近日，中国能源建设股份有限公司所属子公司中国电力 工程顾问集团东北电力设计院有限公司（联合体牵头人）与 中国能源建设集团天津电力建设有限公司组成联合体，中标 威海热电2×66万千瓦热电联产项目工程总承包（EPC)项目， 中标金额约为51.18亿元人民币。项目建设内容包括新建2× 660MW超超临界燃煤发电机组，以及高效除尘、烟气脱硫、 脱硝装置等。总工期约为26个月。 目前相关方尚未正式签署合同，上述项目仍存在不确定 性，敬请投资者注意投资风险。 特此公告。 中国能源建设股份有限公司 2025 年 4 月 23 日 ...

中国能建（601868）公告，近日，公司所属子公司中国电力工程顾问集团东北电力设计院有限公司(联 合体牵头人)与中国能源建设集团天津电力建设有限公司组成联合体，中标威海热电2×66万千瓦热电联 产项目工程总承包(EPC)项目，中标金额约为51.18亿元人民币。项目建设内容包括新建2×660MW超超 临界燃煤发电机组，以及高效除尘、烟气脱硫、脱硝装置等。总工期约为26个月。目前相关方尚未正式 签署合同，上述项目仍存在不确定性。 ...

Financial Performance - The company’s operating revenue for 2024 reached RMB 436,712,757 thousand, representing a year-on-year increase of 7.56% compared to RMB 406,031,848 thousand in 2023[42]. - Net profit attributable to shareholders for 2024 was RMB 8,396,167 thousand, up 5.13% from RMB 7,986,116 thousand in 2023[42]. - The net profit attributable to shareholders after deducting non-recurring gains and losses decreased by 8.89% to RMB 6,526,279 thousand from RMB 7,162,814 thousand in 2023[42]. - The net cash flow from operating activities increased by 16.25% to RMB 11,027,252 thousand compared to RMB 9,486,032 thousand in 2023[42]. - Total assets at the end of 2024 were RMB 869,004,776 thousand, a 10.96% increase from RMB 783,156,193 thousand at the end of 2023[42]. - The net assets attributable to shareholders at the end of 2024 were RMB 116,011,181 thousand, reflecting a 5.02% increase from RMB 110,464,737 thousand at the end of 2023[42]. - Basic earnings per share for 2024 were RMB 0.19, a 5.56% increase from RMB 0.18 in 2023[43]. - The weighted average return on net assets for 2024 was 7.74%, a decrease of 0.14 percentage points from 7.88% in 2023[43]. Dividend Distribution - The company plans to distribute a cash dividend of RMB 0.262 per share, totaling RMB 1.092 billion, with an additional interim dividend of RMB 521 million, leading to a total cash dividend of RMB 1.613 billion for the year[4]. - The board of directors has approved the profit distribution plan, which is subject to shareholder approval at the annual general meeting[4]. - The company plans to implement a mid-term dividend scheme for 2024 to enhance predictability and investor confidence[64]. Project and Contract Achievements - Total new contracts signed reached RMB 1.4 trillion, representing a year-on-year growth of 9.8%[21]. - The company reported a total of RMB 14,088.76 billion in new contracts signed for 2024, reflecting a year-on-year growth of 9.75%[53]. - The company signed new contracts worth RMB 1.27508 trillion in engineering construction business in 2024, reflecting a year-on-year growth of 6.4%[83]. - The new contracts for renewable and integrated smart energy projects amounted to RMB 555.35 billion in 2024, a year-on-year increase of 5.0%, accounting for 43.6% of the total[84]. - The traditional energy engineering construction business saw new contracts worth RMB 312.97 billion in 2024, a significant year-on-year increase of 57.6%[85]. Innovation and Technology Development - The company has established 4 academician expert stations, 14 postdoctoral research stations, and holds 11,310 valid patents, showcasing its strong innovation capabilities[30]. - The company is actively pursuing major technological tasks in green hydrogen, ammonia, and new materials[24]. - The company implemented a "Technology Strong Enterprise, Innovation Development" strategy, completing 22 major technology projects, including a world-first 660MW compressed air energy storage system solution[57]. - In 2024, the company received 1,841 patent authorizations, with a 57% year-on-year increase in invention patents[57]. - Over 100 artificial intelligence application scenarios have been implemented, demonstrating the company's focus on digital transformation[23]. Sustainability and Environmental Commitment - Major projects in green hydrogen and ammonia fuel are accelerating construction, emphasizing the company's commitment to sustainable energy solutions[23]. - The company is focusing on ecological and environmental protection, with the central government allocating RMB 34 billion for air pollution prevention and RMB 26.7 billion for water pollution control in 2024[72]. - The company is committed to sustainable development and social responsibility, with detailed reports on environmental and social governance to be published[197]. International Expansion and Market Presence - The company is focused on international expansion, aiming to build a global efficient integrated organizational and control system[26]. - The company has established six overseas regional headquarters and 256 branches, covering over 140 countries and regions, enhancing its international presence[105]. - The company’s international contracts signed in 2024 increased by 14.5%, with significant contributions from markets like Saudi Arabia and the Philippines, each exceeding RMB 20 billion[55]. Risk Management and Compliance - The company emphasizes the importance of risk awareness regarding forward-looking statements and future plans[5]. - The company has established a risk control system to address key risks in debt, project performance, and international operations, achieving a stable safety and quality environment with no major accidents reported[65]. - The company has confirmed that there are no non-operational fund occupations by controlling shareholders or related parties[6]. - The company reported no violations in decision-making procedures for external guarantees[6]. Financial Strategy and Governance - The financial advisor for continuous supervision is Huatai United Securities Co., Ltd., indicating ongoing compliance and governance efforts[41]. - The company emphasizes value-oriented management and plans to implement comprehensive budget control and financial digital empowerment[26]. - The company is facing debt risk due to increased operating liabilities and rising interest-bearing debt, with a strategy to manage financial risks through strict control measures[192]. - The board approved an adjustment to the issuance of A-shares, raising the fundraising amount to no more than RMB 9 billion[200]. Future Outlook and Strategic Goals - The company plans to sign new contracts worth RMB 1.5 trillion and expects revenue of RMB 458.5 billion in 2025, with an investment plan of RMB 135.4 billion[191]. - The company anticipates that the domestic hydrogen energy industry will reach a market value of RMB 1 trillion by 2025, indicating substantial growth potential in this sector[182]. - The company aims to enhance its core capabilities by focusing on technological innovation, integrated energy solutions, and comprehensive infrastructure development, aligning with national strategies for energy security and high-quality development[189].

CHINA ENERGY ENGINEERING CORPORATION LIMITED* 3996 董事會會議通告 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國能源建設股份有限公司（「本公司」）董事會（「董事會」）謹此宣佈，本公司將於二零二 五年四月二十九日（星期二）舉行董事會會議，藉以（其中包括）批准本公司及其附屬公司 截至二零二五年三月三十一日止三個月之第一季度業績及其發佈。 承董事會命 中國能源建設股份有限公司 董事長 宋海良 中國，北京 2025年4月15日 於本公告日期，本公司執行董事為宋海良先生及倪真先生；非執行董事為劉學詩先生及 司欣波先生；及獨立非執行董事為程念高先生、趙立新先生、魏偉峰博士及牛向春女 士。 * 僅供識別 ...