Core Points - The EPC project of the Lumut Balai Phase II Geothermal Power Plant in Indonesia, undertaken by China Power Construction Group, has officially received the operation acceptance certificate from the owner, marking the successful handover of the project and its entry into the warranty period [1] - This project is the first successful handover of a geothermal power plant EPC project by a Chinese company overseas [1] Project Execution - Since the commencement of the project, the China Power Construction project team has adhered to scientific planning, strict control, and precise execution, overcoming challenges such as tight schedules, complex environments, and limited resources [1] - The project achieved key milestones including the start of operation (SLO), commercial operation (COD), 15 days of reliability operation, and completion certificate (CC), with performance test results exceeding contract indicators [1] Significance and Future Plans - The Lumut Balai Phase II Geothermal Power Plant project serves as an important demonstration of China-Indonesia energy cooperation, showcasing the engineering strength and technical standards of China Power Construction in complex environments [1] - The company will continue to uphold the principles of "high, strict, detailed, and practical" during the warranty period, ensuring operational support and expediting the handling of any remaining defects to achieve the final fulfillment goals [1]

Core Insights - The article highlights the construction of the Meleg River Valley dam in Tunisia, showcasing China's innovative hard-fill dam technology and its commitment to environmentally friendly infrastructure development in Africa [1][9]. Group 1: Project Overview - The Meleg dam, utilizing hard-fill (BCR) technology, is a significant engineering project with a normal water storage capacity of 190 million cubic meters and a maximum capacity of 305 million cubic meters [9]. - The project aims to regulate drought and flood conditions in northwestern Tunisia, ensuring reliable irrigation and domestic water supply for local agriculture and residents [9]. Group 2: Technical Innovations - The project team faced challenges due to over 300 European and American standards, necessitating a specialized research group to adapt and integrate these standards with Chinese construction practices [1][5]. - A total of 187 tests were conducted to understand the key characteristics of the hard-fill material, which has low cement usage and requires compaction for formation, laying the groundwork for subsequent technical innovations [3][5]. Group 3: Environmental and Social Responsibility - The construction process emphasized minimal ecological disruption, with strategies such as careful planning of temporary land use and the use of static crushing techniques to reduce dust and noise pollution [6][7]. - The project also focused on local employment, hiring over 1,200 local workers and training hundreds in infrastructure skills, thereby contributing to community development and improving local livelihoods [7][9]. Group 4: International Collaboration - The Meleg dam serves as a model for international cooperation under the Belt and Road Initiative, demonstrating China's commitment to sharing technology and fostering partnerships with Tunisia [9]. - The project exemplifies the dialogue between Chinese technology and international standards, marking a milestone for hard-fill dam technology on a global scale [9].

Core Viewpoint - China Power Construction Corporation's stock has shown a mixed performance in recent trading, with a year-to-date increase of 8.01% but a slight decline of 1.71% over the past five trading days [1] Group 1: Stock Performance - As of October 21, the stock price of China Power Construction is 5.76 CNY per share, with a market capitalization of 99.22 billion CNY [1] - The stock has experienced a trading volume of 4.97 billion CNY, with a turnover rate of 0.66% [1] - Year-to-date, the stock has been on the leaderboard three times, with the most recent instance on July 24, where it recorded a net buy of -545 million CNY [1] Group 2: Financial Performance - For the first half of 2025, China Power Construction reported a revenue of 293.06 billion CNY, reflecting a year-on-year growth of 2.69% [2] - The net profit attributable to shareholders for the same period was 5.43 billion CNY, which represents a year-on-year decrease of 14.39% [2] Group 3: Shareholder Information - As of June 30, 2025, the number of shareholders is 320,000, a decrease of 1.81% from the previous period [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 509 million shares, an increase of 125 million shares from the previous period [3]

Core Viewpoint - China Power Construction Corporation (中国电建) experienced a slight decline in stock price, with significant trading activity and high financing levels indicating investor interest and potential volatility in the near term [1][2]. Financing Summary - On October 20, China Power Construction had a financing buy-in amount of 112 million yuan, with a net financing purchase of 21.14 million yuan after repayments [1]. - The total financing and securities balance reached 3.182 billion yuan, with the financing balance accounting for 4.31% of the circulating market value, indicating a high level compared to the past year [1]. - The company also saw a securities lending repayment of 133,300 shares and a sell amount of 6,100 shares, with a remaining securities lending balance of 1.069 million shares [1]. Financial Performance - For the first half of 2025, China Power Construction reported a revenue of 293.055 billion yuan, reflecting a year-on-year growth of 2.69%, while the net profit attributable to shareholders decreased by 14.39% to 5.426 billion yuan [2]. - Cumulatively, the company has distributed 19.31 billion yuan in dividends since its A-share listing, with 6.606 billion yuan distributed over the past three years [3]. Shareholder Structure - As of June 30, 2025, the number of shareholders decreased to 320,000, while the average circulating shares per person increased to 40,850 [2]. - The top shareholders include Hong Kong Central Clearing Limited, which increased its holdings by 12.5 million shares, and China Securities Finance Corporation, which maintained its holdings [3].

Core Insights - China Power Construction (601669) reported a total new contract value of 904.53 billion yuan for the first three quarters of 2025, representing a year-on-year increase of 5.04% [1] - The company signed new overseas contracts worth 213.75 billion yuan, showing a significant year-on-year growth of 21.45% [1] Business Segments - The energy and power sector accounted for 64.7% of total contracts, with new contracts amounting to 585.23 billion yuan, a year-on-year increase of 12.89% [1] - Hydropower contracts surged to 149.44 billion yuan, marking a remarkable increase of 68.82% year-on-year, with 783 new projects [1] - Pumped storage projects contributed 65.39 billion yuan, reflecting a year-on-year growth of 15.26% [1] - Wind power contracts reached 182.87 billion yuan from 919 new projects, a year-on-year increase of 54.67% [2] - Solar power contracts decreased to 137.92 billion yuan, down 33.36% year-on-year, while thermal power contracts fell to 33.83 billion yuan, down 46.25% [2] - New energy storage contracts amounted to 36.70 billion yuan from 142 projects, marking a new growth point [2] - Water resources and environmental contracts totaled 84.39 billion yuan, down 24.86% year-on-year, with water conservancy projects at 54.63 billion yuan, down 18.93% [2] Regional Development - Domestic contracts reached 690.77 billion yuan, a slight increase of 0.83% year-on-year, while overseas contracts accounted for 23.63% of total contracts [3] - The company has expanded its international presence in Southeast Asia, Central Asia, Africa, and Latin America, with overseas energy projects becoming a significant growth driver [3] - In September 2025, the company signed 37 key projects exceeding 500 million yuan, totaling over 80 billion yuan, with major contributions from pumped storage, wind, solar, and energy storage projects [3]

Core Insights - China Power Construction Group (601669.SH) reported a new contract signing amount of 904.527 billion yuan from January to September, representing a year-on-year increase of 5.04% [1] Domestic and International Contracts - The domestic contract amount reached 690.773 billion yuan, showing a year-on-year growth of 0.83% [1] - The international contract amount was 213.754 billion yuan, with a significant year-on-year increase of 21.45% [1]

Core Viewpoint - China Electric Power Construction (601669.SH) reported a new contract signing amount of 904.527 billion yuan for the period from January to September 2025, representing a year-on-year growth of 5.04% [1] Summary by Category - **Company Performance** - The new contract amount for the first nine months of 2025 reached 904.527 billion yuan [1] - This figure indicates a year-on-year increase of 5.04% compared to the previous year [1]

智通财经APP讯，中国电建(601669.SH)发布公告，公司2025年1月至9月新签合同金额9045.27亿元，同 比增长5.04%。 ...

证券代码：601669 股票简称：中国电建 公告编号：临 2025-062 中国电力建设股份有限公司 2025 年 1 月至 9 月主要经营情况公告 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。 现将中国电力建设股份有限公司2025年1月至9月主要经营情况公布如下，供投 资者参阅。 一、按业务类型统计 | 业务类型 | 新签项目数量（个） | 新签合同金额 | 同比增减 | | --- | --- | --- | --- | | 能源电力 | 4013 | 5852.28 | 12.89% | | 水电 | 783 | 1494.38 | 68.82% | | 其中：抽水蓄能 | 407 | 653.87 | 15.26% | | 风电 | 919 | 1828.74 | 54.67% | | 太阳能发电 | 779 | 1379.18 | -33.36% | | 火电 | 389 | 338.29 | -46.25% | | 新型储能 | 142 | 366.98 | / | | 其他 | 1001 | 444.70 | ...

Core Insights - The company reported a new contract amount of 904.527 billion yuan from January to September 2025, representing a year-on-year growth of 5.04% [1] Domestic and International Contracts - Domestic contracts amounted to 690.773 billion yuan, showing a year-on-year increase of 0.83% [1] - International contracts reached 213.754 billion yuan, with a significant year-on-year growth of 21.45% [1] Business Segment Performance - Energy and power contracts totaled 585.228 billion yuan, reflecting a year-on-year growth of 12.89% [1] - Hydropower contracts were 149.438 billion yuan, marking a substantial year-on-year increase of 68.82% [1] - Wind power contracts amounted to 182.874 billion yuan, with a year-on-year growth of 54.67% [1] - Solar power contracts were 137.918 billion yuan, experiencing a year-on-year decline of 33.36% [1] - Thermal power contracts totaled 33.829 billion yuan, showing a year-on-year decrease of 46.25% [1]