Core Insights - Two major state-owned enterprises, China Electric Power Construction (China Electric) and China Energy Engineering (China Energy), have made significant progress in their overseas business by signing contracts for renewable energy projects totaling over 10 billion yuan [1][4]. Group 1: Contract Details - China Electric announced that its subsidiary, China Hydropower Construction Group International Engineering Co., Ltd., signed a major contract for the Saudi Afif solar projects, amounting to approximately 11.72 billion yuan [1]. - The contract includes the construction of a 2000MW solar park and associated infrastructure in the Riyadh province of Saudi Arabia, with a construction period of 26 months [1]. - China Energy reported that its consortium signed three contracts for renewable energy projects in Saudi Arabia, with a total value of approximately 19.55 billion yuan [4]. Group 2: Financial Performance - In the first half of the year, China Electric's international business signed new contracts worth 141.67 billion yuan, a year-on-year increase of 17.50%, accounting for 20.63% of the company's total new contracts [4]. - China Energy achieved an operating revenue of 212.09 billion yuan in the first half of the year, a year-on-year increase of 9.18%, with a net profit of 2.80 billion yuan, reflecting a growth of 0.72% [4][7]. - The overseas new contract value for China Energy's renewable energy projects saw a significant increase of 78.6% year-on-year, indicating strong growth in the "wind, solar, hydrogen, and storage" sectors [4][7].

Core Viewpoint - China Energy Construction (03996) has signed three new energy general contracting agreements with a consortium involving Saudi companies, totaling approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 1: Contract Details - The contracts include the following projects: - The Shakila 1GW Wind Power Project under Saudi PIF, with a contract value of $663 million and a construction period of 26 months [1] - The Stella 2GW Wind Power Project under Saudi PIF, with a contract value of $1.251 billion and a construction period of 30 months [1] - The Folis 2GW Photovoltaic Project under Saudi PIF, with a contract value of $831 million and a construction period of 26 months [1]

Core Viewpoint - China Energy Engineering Corporation (03996.HK) has signed three new energy general contracting agreements with a consortium of Saudi companies, totaling approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 1: Contract Details - The contracts include the following projects: - Shakila 1GW Wind Power Project: Contract amount of $663 million, with a construction period of 26 months [1] - Stella 2GW Wind Power Project: Contract amount of $1.251 billion, with a construction period of 30 months [1] - Folis 2GW Photovoltaic Project: Contract amount of $831 million, with a construction period of 26 months [1]

Core Viewpoint - China Energy Construction (03996) has signed three new energy general contracting agreements with a consortium involving Saudi companies, totaling approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 1: Contract Details - The contracts include the following projects: - Shakila 1GW Wind Power Project, with a contract value of $663 million and a construction period of 26 months [1] - Stella 2GW Wind Power Project, with a contract value of $1.251 billion and a construction period of 30 months [1] - Foris 2GW Photovoltaic Project, with a contract value of $831 million and a construction period of 26 months [1]

Group 1 - The core point of the article is that China Energy Engineering Corporation (601868.SH) announced the signing of three renewable energy general contracting agreements with a consortium formed by Saudi International Power and Water Company, Saudi Public Investment Fund, and Saudi Aramco Power Company, with a total contract value of approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 2 - The contracts were signed by subsidiaries of China Energy Engineering Corporation, including China Energy Construction International Group Co., Ltd., China Energy Construction Group Guangdong Thermal Power Engineering Co., Ltd., and Northwest Electric Power Design Institute of China Power Engineering Consulting Group [1] - The project signifies a strategic partnership in the renewable energy sector between Chinese and Saudi companies, highlighting China's growing influence in international energy projects [1] - The total contract amount reflects a significant investment in renewable energy infrastructure, aligning with global trends towards sustainable energy solutions [1]

Core Viewpoint - China Energy Engineering Corporation (601868.SH) announced the signing of three new energy general contracting agreements with a consortium formed by its subsidiaries and Saudi companies, totaling approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 1 - The consortium includes China Energy Construction International Group Co., Ltd., China Energy Construction Group Guangdong Thermal Power Engineering Co., Ltd., and Northwest Electric Power Design Institute Co., Ltd. [1] - The project partners are Saudi International Power and Water Company, Saudi Public Investment Fund, and Saudi Aramco Power Company [1] - The total contract amount is approximately $2.745 billion, which converts to around 19.554 billion RMB [1]

中国能源建设股份有限公司 敬请投资者注意投资风险。 A 股代码：601868 A 股简称：中国能建 编号：临 2025-051 H 股代码：03996 H 股简称：中国能源建设 签署重大合同的公告 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能建国际建 设集团有限公司、中国能源建设集团广东火电工程有限公司、中 国电力工程顾问集团西北电力设计院有限公司组建的联营体，与 沙特国际电力和水务公司、沙特公共投资基金、沙特阿美电力公 司成立的项目公司，签署了3份新能源总承包工程合同，合同金 额合计约27.45亿美元，折合人民币约195.54亿元。具体情况如 下： | 序号 | | | 合同名称 | | 合同金额 （亿美元） | | 项目 建设期 | | --- | --- | --- | --- | --- | --- | --- | --- | | 1 | 沙特 | PIF | 五期夏奇拉 1GW 工程总承包合同 | 风电项目 | 6.63 | 26 | 个月 | | 2 | 沙特 | ...

Core Viewpoint - China Energy Engineering Corporation (601868) announced the signing of three new energy general contracting agreements with a consortium involving Saudi companies, totaling approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 1 - The consortium includes subsidiaries of China Energy Engineering Corporation: China Energy Construction International Group Co., Ltd., China Energy Construction Group Guangdong Thermal Power Engineering Co., Ltd., and Northwest Electric Power Design Institute Co., Ltd. [1] - The project partners from Saudi Arabia include Saudi International Power and Water Company, Saudi Public Investment Fund, and Saudi Aramco Power Company [1] - The total contract amount of approximately $2.745 billion reflects a significant investment in renewable energy projects [1]

Core Viewpoint - China Energy Engineering Corporation (601868.SH) announced the signing of three renewable energy EPC contracts with a project company formed with Saudi International Power and Water Company, totaling approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 1: Contract Details - The contracts include the following projects: - The Shakila 1GW wind power project with a contract value of $663 million and a construction period of 26 months [1] - The Strala 2GW wind power project with a contract value of $1.251 billion and a construction period of 30 months [1] - The Folis 2GW photovoltaic project with a contract value of $831 million and a construction period of 26 months [1]

Core Viewpoint - China Energy Construction Co., Ltd. has signed three new energy general contracting agreements with a consortium involving Saudi companies, totaling approximately $2.745 billion, equivalent to about 19.554 billion RMB [1] Group 1 - The consortium includes subsidiaries of China Energy Construction, namely China Energy Construction International Group Co., Ltd., China Energy Construction Group Guangdong Thermal Power Engineering Co., Ltd., and Northwest Electric Power Design Institute [1] - The project partners from Saudi Arabia include Saudi International Power and Water Company, Saudi Public Investment Fund, and Saudi Aramco Power Company [1] - The total contract amount of approximately $2.745 billion reflects a significant investment in renewable energy projects [1]