Core Viewpoint - The company reported its 2025 H1 financial results, showing a steady revenue growth but a decline in net profit margins, indicating mixed performance across different business segments [1][3]. Group 1: Financial Performance - In 2025 H1, the company's revenue, net profit attributable to shareholders, and net profit excluding non-recurring items were 212.1 billion, 2.8 billion, and 2.5 billion yuan, respectively, with year-on-year growth rates of +9%, +1%, and +8% [1]. - For Q2 2025, the company reported revenue, net profit attributable to shareholders, and net profit excluding non-recurring items of 111.7 billion, 1.2 billion, and 1.1 billion yuan, with year-on-year changes of +15%, -9%, and -6% [1]. Group 2: Business Segments Performance - The company experienced strong revenue growth in H1 2025 across various segments, with design consulting, engineering construction, investment operations, and industrial manufacturing showing year-on-year increases of +16%, +10%, +16%, and +11%, reaching 9.1 billion, 182.0 billion, 15.2 billion, and 16.2 billion yuan, respectively [2]. - The engineering construction and investment operations segments, particularly in new energy and integrated smart energy, saw revenue growth of +18% and +49%, outperforming other business areas [2]. - The new contract value signed in H1 2025 was 775.4 billion yuan, representing a year-on-year increase of +5%, providing a solid revenue assurance [2]. Group 3: Profitability and Debt Management - The company's overall gross margin in H1 2025 decreased by 0.9 percentage points to 11.3%, with Q2 showing a further decline of 2.3 percentage points to 11.4% [3]. - The gross margins for design consulting, engineering construction, investment operations, and industrial manufacturing were 39.3%, 6.5%, 35.1%, and 16.6%, reflecting year-on-year changes of +2.8%, -0.8%, -8.4%, and -0.7 percentage points, respectively [3]. - The company's asset-liability ratio increased by 0.3 percentage points to 77.7% by the end of H1 2025, indicating a slight rise in leverage [3]. - The turnover days for accounts receivable and inventory improved by 26 days to 259 days, while net cash flows from operating and investing activities were -13.4 billion and -25.5 billion yuan, respectively, both showing year-on-year increases of +1.1 billion [3]. Group 4: Future Outlook - The company maintains its profit forecast, expecting revenues of 475.2 billion, 517.0 billion, and 556.9 billion yuan for 2025-2027, with year-on-year growth rates of +9%, +9%, and +8% [4]. - The projected net profits attributable to shareholders for the same period are 9.2 billion, 10.0 billion, and 11.3 billion yuan, with year-on-year growth rates of +10%, +9%, and +12% [4]. - The company is positioned as a "national team" in energy infrastructure, with emerging businesses in hydrogen and energy storage showing promising growth potential [4].

投运周年交卷！中巴经济走廊SK水电站年输绿电28亿千瓦时 中能建海外投资有限公司董事长林晓丹通过视频方式致辞表示，SK水电站是中国能建高质量共建"中巴经济走廊"的生动实践，未来将继续发挥清洁电能 优势，为中巴深化合作筑牢根基。 ▲仪式现场 巴基斯坦计划发展和特别任务部部长伊克巴尔出席仪式并致辞，对SK水电站一年来的运营成效给予高度评价。他表示，电站持续供应的清洁电能有效优 化了巴基斯坦能源结构，降低了对传统能源的依赖，为筑牢国家能源安全防线提供了关键支撑。巴政府将一如既往支持电站发展，强化安全保障，深化与 中方的合作。 ▲巴基斯坦SK水电站 据悉，SK水电站位于巴基斯坦西北部开伯尔—普什图省曼瑟拉地区昆哈河流域。运营一年间，项目团队严格执行"能建标准"，建立完善的安全生产管理 体系，编制实施100余项制度规程，实现了电力生产"零事故、零损失"的安全目标。 记者从中国能源建设股份有限公司（以下简称"中国能建"）获悉，当地时间9月15日，巴基斯坦苏吉吉纳里水电站（以下简称"SK水电站"）商业运营一周 年庆祝仪式在伊斯兰堡举行。作为中巴经济走廊首批清单项目及中国能建海外投资建设的最大水电站，该电站自2024年9月1 ...

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分內容 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。 CHINA ENERGY ENGINEERING CORPORATION LIMITED* （在中華人民共和國註冊成立的股份有限公司） （股份代號：3996） 海外監管公告 本公告乃由中國能源建設股份有限公司（「本公司」）根據香港聯合交易所有限公司證券上 市規則第13.10B條作出。 茲載列本公司於上海證券交易所網站刊發的《中國能源建設股份有限公司關於接待機構投 資者調研活動的公告》，僅供參閱。 承董事會命 中國能源建設股份有限公司 副董事長 倪真 中國，北京 2025年9月16日 於本公告日期，本公司執行董事為倪真先生；職工董事為黃埔先生；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、魏偉峰博士、牛向春女士及裴 振江先生。 * 僅供識別 A 股代码：601868 A 股简称：中国能建 公告编号：临 2025-050 H 股代码：03996 H 股简称：中国能源建设 中国能源建设股 ...

勘測設計及諮詢 工程建設 工業製造 投資運營 世界能源 中國能建 雙碳先鋒 賦能未來 二零二五半年度報告 （在中華人民共和國註冊成立的股份有限公司） 股份代號：3996 A股：601868 創新|綠色|數智|融合 2025半年度報告 世 界 首 套 3 0 0 兆 瓦 壓 縮 空 氣 儲 能 示 範 項 目 — — 湖 北 應 城 儲 能 電 站 示 範 工 程 全 容 量 並 網 發 電 重要提示 一、 本公司董事會、監事會及董事、監事、高級管理人員保證半年度報告內容的真實性、準確 性、完整性，不存在虛假記載、誤導性陳述或重大遺漏，並承擔個別和連帶的法律責任。 天健會計師事務所（特殊普通合夥）對公司2025年半年度報告中財務報告進行了審閱。 四、 公司負責人倪真、主管會計工作負責人陳勇及會計機構負責人（會計主管人員）劉愛軍聲明： 保證半年度報告中財務報告的真實、準確、完整。 五、 董事會決議通過的本報告期利潤分配預案或公積金轉增股本預案 《證券發行與承銷管理辦法》第三十三條規定「上市公司發行證券，存在利潤分配方案、公積金轉增股本方 案尚未提交股東大會表決或者雖經股東大會表決通過但未實施的，應當在方案實施後發 ...

A 股代码：601868 A 股简称：中国能建 公告编号：临 2025-050 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 关于接待机构投资者调研活动的公告 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。 一、机构调研情况 1.调研时间：2025年9月16日 2.调研形式：现场交流 3.调研机构（排名不分先后）：中金公司、中信证券、华 泰证券、广发证券、浙商证券、国盛证券、国联证券、国泰海 通、方正证券、财通证券、开源证券、长江证券、光大证券、 天风证券、诚通证券、申万宏源、华创证券、华安证券、太平 洋证券、国海证券、金元证券、华福证券、中移资本、国新资 管、中金资管、中银资管、泰康基金、幸福人寿、天弘基金、 富国基金、银华基金、平安基金、南方基金、长城基金、新华 资产、中邮基金、前海开源、众安保险、国新投资、国厚资 产、南华资管、清河泉、太平洋资管、润晖投资、中邮保险资 管、长盛基金、民生加银、征金资本等 4.调研主题：中国能建与控股上市公司易普力联合反向路 演 未来，中国能建将以国家八大算 ...

Group 1 - On September 15, China Energy Construction Co., Ltd. (China Energy) saw a stock price increase of 0.41% with a trading volume of 977 million yuan [1] - The financing data for China Energy on the same day indicated a financing purchase amount of 173 million yuan and a financing repayment of 223 million yuan, resulting in a net financing outflow of approximately 50.5 million yuan [1] - As of September 15, the total balance of margin trading for China Energy was 1.364 billion yuan, with the financing balance accounting for 1.71% of the circulating market value, which is above the 80th percentile level over the past year [1] Group 2 - China Energy was established on December 19, 2014, and went public on September 28, 2021, primarily engaged in construction contract business [2] - The company operates through five business segments, with construction services contributing 85.81% to total revenue, including 32.38% from new energy and integrated smart energy [2] - Other revenue sources include industrial manufacturing (7.66%), investment operations (7.16%), and surveying, design, and consulting (4.29%) [2] Group 3 - As of June 30, the number of shareholders for China Energy was 335,000, a decrease of 2.54% from the previous period [3] - For the first half of 2025, China Energy reported a revenue of 212.09 billion yuan, representing a year-on-year growth of 9.18%, and a net profit attributable to shareholders of 2.802 billion yuan, with a growth of 0.72% [3] - The company has distributed a total of 4.686 billion yuan in dividends since its A-share listing, with 3.748 billion yuan distributed over the past three years [3]

Core Insights - The new campus of Anhui Medical University, with a total investment of approximately 6.7 billion yuan, officially opened with nearly 15,000 faculty and students moving in, marking a significant expansion in both space and development philosophy [1][9] - The campus aims to become a national-level medical innovation hub, integrating "smart and green" concepts into its design and operations [1][6] Infrastructure and Facilities - The new campus covers over 2,000 acres with a total construction area of 970,000 square meters, featuring three core teaching buildings named "Zhiyuan," "Tanwei," and "Xunzhen," which symbolize the academic journey from knowledge acquisition to truth exploration [2][3] - The campus includes a comprehensive research building that houses six major departments, promoting interdisciplinary collaboration and the cultivation of compound talents in the "new medical" field [3][4] Technological Integration - The East District's "Tanwei Building" connects with the high-level public health college, enhancing interdisciplinary cooperation and resource sharing [4] - The campus is equipped with 162 smart classrooms and a library with nearly 10,000 volumes, designed to foster an engaging learning environment [6] Sustainability Initiatives - The campus emphasizes sustainability, featuring extensive photovoltaic panels on rooftops to provide clean energy and a "sponge city" system for rainwater collection and purification [8][9] - The landscaping includes a variety of trees and plants, contributing to a rich ecological environment that also serves to regulate the microclimate [8] Project Management and Recognition - The project, led by China Energy Construction Anhui Electric Power Construction Company, has been recognized as a model for high-quality public welfare projects in Anhui Province, integrating advanced management techniques such as AI and BIM for lifecycle management [9][11] - The project has received multiple accolades for safety and innovation, showcasing the company's commitment to quality and excellence in construction [9][11]

"刚到公司时，我既期待又忐忑，不知道该如何快速适应职场生活。但这场迎新主题座谈会，让我心里 的石头落了地。" 新员工小李在参加完座谈会后，脸上露出了轻松的笑容。为帮助新员工缓解初入职场 的陌生感与焦虑感，东电二公司第一时间组织开展迎新主题座谈会。会上，老员工与新员工围坐在一 起，像朋友般畅聊起来。老员工们结合自身经历，分享了职业发展过程中的宝贵经验，也毫无保留地传 授了环境适应、人际关系处理等方面的实用技巧；新员工们则积极提问，将心中的困惑与迷茫一一倾 诉。现场氛围热烈而温馨，一阵阵欢声笑语拉近了彼此的距离。 "我们深知，新员工能否快速融入团队，是他们实现角色转换的关键。因此，公司特别安排业务骨干与 新员工'结对子'，建立'一对一'帮扶机制。" 各工程公司项目负责人在座谈会上明确表示。这些业务骨 干不仅会在工作中为新员工提供指导，帮助他们熟悉工作流程、掌握工作方法，还会在生活中关心他们 的需求，为他们解决住宿、饮食等方面的问题。通过这种 "一对一" 的帮扶，新员工们感受到了公司的 温暖与关怀，也更快地找到了归属感，逐步融入东电二公司这个大家庭。 知识赋能："理论 + 实践"，夯实专业根基 来源：环球网 八月流 ...

Group 1 - The project management team of China Energy Construction Gezhouba Group's Mengdigou project focuses on resource allocation and optimizing construction processes to ensure project implementation and achieve annual goals [1] - The team emphasizes cost control and enhancing operational efficiency, adhering to the principle of "profit is honor, loss is shame" [1] - As of now, 90% of site traffic has been completed, and 90% of the right bank's dangerous rock slope treatment has been finished [1] Group 2 - The project management team has improved the quality management system, enhancing daily quality supervision and training, which has significantly reduced quality issues on-site [2] - The team has successfully created demonstration processes and model warehouses in the Mengdigou construction area, setting a benchmark for similar projects [2] Group 3 - The project department's party branch has deepened grassroots party building efforts, optimizing organizational mechanisms and promoting the integration of party work with production management [3] - The project has actively engaged in community activities, addressing 12 urgent issues for workers and fostering a vibrant work environment through various cultural events [3]

Core Viewpoint - The Hebei Fengning Pumped Storage Power Station, the world's largest in terms of installed capacity, has officially commenced commercial operation, contributing to energy security with green power [1][3]. Group 1: Project Overview - The Fengning Pumped Storage Power Station is located in Fengning Manchu Autonomous County, Chengde City, Hebei Province, with a total installed capacity of 3.6 million kilowatts [3]. - The annual designed power generation capacity is 66.12 billion kilowatt-hours, while the annual water pumping capacity is 87.16 billion kilowatt-hours [3]. - The project holds the world record for total installed capacity, energy storage capacity, underground plant chamber scale, and single underground plant scale, earning it the nickname "the world's largest power bank" [3]. Group 2: Construction and Technology - China Energy Construction Gezhouba Group Co., Ltd. is responsible for key construction tasks including the upper and lower reservoirs, water inlet and outlet, gate wells, and dam [3]. - The project management team has implemented advanced technologies such as digital dam management, rapid quality testing for roller compacted concrete, intelligent digital grouting, and slipform construction techniques [3]. Group 3: Energy Integration and Environmental Impact - The Fengning Pumped Storage Power Station is the first to connect to a 500 kV flexible DC grid, achieving multi-energy complementarity and enhancing the ability to absorb and deliver renewable energy [3]. - Since the first batch of units was put into operation in December 2021, the station has generated a total of 86.16 billion kilowatt-hours and absorbed 109.02 billion kilowatt-hours of renewable energy and off-peak electricity [3]. - Upon full operation, the station is expected to save 480,800 tons of standard coal annually and reduce carbon dioxide emissions by 1.2 million tons, playing a significant role in optimizing energy structure and reducing carbon emissions [3].