证券代码：601669 股票简称：中国电建 公告编号：临 2025-014 中国电力建设股份有限公司 2024 年度利润分配方案公告 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。 重要内容提示： 一、利润分配方案 （一）利润分配方案的具体内容 经立信会计师事务所（特殊普通合伙）审计，截至2024年12月31日，中国电 力建设股份有限公司（以下简称公司）母公司可供分配利润为人民币 6,354,395,087.71元。经第四届董事会第八次会议决议，公司2024年度利润分配 1 每股分配比例：公司每股普通股派发现金红利人民币0.12695元（含税）。 本次利润分配以实施权益分派股权登记日登记的总股本为基数，具体日 期将在权益分派实施公告中明确。 在实施权益分派的股权登记日前公司总股本发生变动的，拟维持分配总 额不变，相应调整每股分配金额并将另行公告具体调整情况。 公司不触及《上海证券交易所股票上市规则（2024年4月修订）》（以 下简称《股票上市规则》）第9.8.1条第一款第（八）项规定的可能被 实施其他风险警示的情形。 方案如下 ...

Financial Performance - The company achieved a net profit attributable to shareholders of 12,015,017,079.83 CNY, with a net profit for ordinary shareholders of 10,934,005,093.53 CNY, representing a 20% distribution of cash dividends from the net profit[10]. - The company reported a significant increase in revenue, reaching RMB 100 billion, representing a 15% year-over-year growth[26]. - The company's operating revenue for 2024 reached approximately ¥633.68 billion, representing a 4.07% increase compared to ¥608.87 billion in 2023[27]. - Net profit attributable to shareholders decreased by 7.21% to approximately ¥12.02 billion in 2024 from ¥12.95 billion in 2023[27]. - The adjusted net profit, excluding non-recurring gains and losses, was approximately ¥11.10 billion, down 5.26% from ¥11.71 billion in 2023[27]. - The company achieved new contract signings of CNY 1,270.69 billion in 2024, a year-on-year increase of 11.19%[40]. - Total operating revenue reached CNY 633.69 billion, reflecting a year-on-year growth of 4.07%[40]. - The company reported a significant increase in cash flow in the fourth quarter of 2024, with net cash flow from operating activities reaching approximately ¥71.47 billion[30]. Dividends and Profit Distribution - The company plans to distribute cash dividends of 1.2695 CNY per 10 shares, totaling 2,186,860,927.45 CNY[10]. - A cash dividend of ¥1.2695 per 10 shares will be distributed, totaling ¥2,186,860,927.45, which represents 20% of the net profit attributable to ordinary shareholders[198]. - The remaining undistributed profit for the parent company after the dividend distribution will be ¥4,167,534,160.26, to be carried over to the next fiscal year[198]. - The proposed profit distribution plan has been approved by the company's board and is pending approval at the 2024 annual general meeting[198]. Revenue Growth and Market Expansion - User data indicates a growing customer base, with an increase of 20% in active users compared to the previous year[26]. - The company provided a positive outlook for the next fiscal year, projecting a revenue growth of 10% to 12%[26]. - New product launches are expected to contribute an additional RMB 5 billion in revenue over the next year[26]. - Market expansion plans include entering three new international markets by the end of the fiscal year[26]. - The company is considering strategic acquisitions to enhance its market position, targeting firms with complementary technologies[26]. - The company is actively pursuing new energy and pumped storage projects, including major contracts such as the Mengneng New Energy Project Group (CNY 15.1 billion) and the Yalong River Wind-Solar Integration Base (CNY 13.5 billion)[55]. Innovation and R&D - The company has established 4 new national-level innovation platforms and 24 provincial and ministerial-level innovation platforms, achieving a historical high in innovation capacity[7]. - The company is investing heavily in R&D, with a budget increase of 25% for new technology development[26]. - The company’s R&D expenses increased by 4.32% to RMB 24.25 billion, reflecting a commitment to enhancing technological capabilities[80]. - The total R&D investment amounted to 24.268 billion yuan, accounting for 3.83% of operating income, with capitalized R&D investment making up 0.06%[90]. Sustainability and Environmental Initiatives - The company aims to set a goal to achieve carbon neutrality by 2030, aligning with global sustainability trends[26]. - The company is focused on the development of water resources and environmental protection, with a market expansion in areas such as black and odorous water treatment and ecological restoration[50]. - The company is committed to sustainable development and innovation in business models, including EPC, FEPC, and PPP, to drive growth in infrastructure projects domestically and internationally[54]. - Future guidance includes a commitment to sustainability, with plans to invest 5 billion yuan in green technologies over the next three years[176]. Governance and Management - The company has enhanced its governance structure and management mechanisms, achieving the highest rating in the State-owned Assets Supervision and Administration Commission's assessment of the "Three Systems" reform[6]. - The company has a well-defined safety management framework that includes various management methods and training programs to ensure compliance and effectiveness[116]. - The company has established a multi-level investor communication system to ensure transparency and build investor confidence[163]. - The company has committed to a "quality improvement and efficiency enhancement" initiative, focusing on high-quality development and reasonable value recovery[165]. Strategic Planning and Future Outlook - The company plans to sign new contracts worth CNY 1,397.8 billion in 2025, with domestic contracts accounting for CNY 1,140.6 billion (81.60%) and international contracts CNY 257.2 billion (18.40%)[144]. - The projected revenue for 2025 is CNY 653.15 billion, with domestic revenue expected to be CNY 570.67 billion (87.37%) and international revenue CNY 82.48 billion (12.63%)[144]. - The company aims to enhance its capabilities in technology innovation, market development, lean management, resource integration, asset management, and risk control to ensure sustainable growth[141]. - The company is focusing on four key industries: energy and power, water resources and environment, urban infrastructure, and engineering digitization, promoting integrated development and innovation in business models[140].

专利摘要显示，本申请涉及塔吊技术领域，公开了一种基于圆角矩形的塔吊防攀爬精细化安全防护装 置，包括塔吊主体、爬梯、外防护板、内防护网、支撑梁、限位装置、防护门、防护栏杆和防爬倒刺， 所述外防护板套设在塔吊主体外侧表面，所述内防护网设置在塔吊主体内部中间，所述支撑梁有两根且 相互垂直设置在外防护板和内防护网的底面，所述限位装置设置有八个，成双且对称设置在外防护板内 侧四角，所述爬梯设置在塔吊主体的内侧，所述防护门设置在内防护网上对应塔吊主体中的爬梯的位 置，所述防护栏杆设置在外防护板的四周边缘，所述防爬倒刺设置在外防护板四周外侧。本申请可有效 防止无关人员攀爬塔吊，保障塔吊的安全性。 金融界2025年4月26日消息，国家知识产权局信息显示，中国电建集团西北勘测设计研究院有限公司取 得一项名为"一种基于圆角矩形的塔吊防攀爬精细化安全防护装置"的专利，授权公告号 CN 222782436 U，申请日期为 2024 年 7 月。 天眼查资料显示，中国电建集团西北勘测设计研究院有限公司，成立于1995年，位于西安市，是一家以 从事专业技术服务业为主的企业。企业注册资本218000万人民币。通过天眼查大数据分析，中国电建 ...

Group 1 - China Electric Power Construction Group East Survey and Design Institute Co., Ltd. applied for a patent titled "Tolerant Building Component Joint and Construction Method" with publication number CN119801143A, filed on March 2025 [1] - The patent involves technology related to building connectors, specifically focusing on joints that can accommodate tolerances, which includes first and second joints and a buckle plate [1] - The design aims to reduce and suppress displacement caused by stress on building component joints, eliminating errors during processing and installation [1] Group 2 - China Electric Power Construction Group East Survey and Design Institute Co., Ltd. was established in 1993 and is located in Hangzhou, primarily engaged in professional technical services [2] - The company has a registered capital of 2,574.632376 million RMB and has invested in 196 enterprises [2] - The company has participated in 5,000 bidding projects and holds 5000 patent records along with 155 trademark records and 254 administrative licenses [2]

Investment Rating - The industry investment rating is "Buy" [2] Core Viewpoints - The municipal investment in March continues to show a warming trend, with a focus on domestic demand counter-cyclical adjustments and safe investment areas [1] - The construction industry PMI rose to 53.4 in March, indicating improved activity in the sector [36] - The issuance of special bonds has been stable, with a significant year-on-year increase in the amount issued [44] Summary by Sections 1. Water Conservancy and Power Investment - Water conservancy and power investments continue to maintain high growth, with municipal investment in March showing a year-on-year increase of 6.5% [23] - Narrowly defined infrastructure investment (excluding power) increased by 5.8% year-on-year, while broadly defined infrastructure investment (including power) rose by 11.5% [23][24] 2. Fund Tracking - As of April 18, 2025, the total amount of newly issued special bonds reached 1,063.39 billion CNY, a year-on-year increase of 40.4% [44] - The issuance of city investment bonds reached 1,824.42 billion CNY, with a year-on-year increase of 4.74% [48] 3. Recent Key Company Announcements - Shanghai Construction Group reported a cumulative new contract amount of 64.548 billion CNY for Q1 2025, a year-on-year decrease of 44.03% [60] - Jianghe Group announced a cumulative new contract amount of 1.435 billion CNY for Q1 2025, down 47.13% year-on-year [60]

现将中国电力建设股份有限公司2025年1月至3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 单位：亿元 币种：人民币 | 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 | 1550 | 1802.12 | -9.33% | | 水电 | 319 | 347.59 | 20.17% | | 其中：抽水蓄能 | 148 | 166.69 | 11.74% | | 风电 | 333 | 555.24 | 67.26% | | 太阳能发电 | 289 | 548.94 | -37.39% | | 火电 | 144 | 115.83 | -65.23% | | 新型储能 | 34 | 67.24 | / | | 其他 | 431 | 167.27 | / | | 水资源与环境 | 302 | 379.12 | -29.06% | 1 | 水利 | 183 | 234.02 | -20.94% | | --- | --- | --- | --- | | 水务 | 30 | 43.03 | -37.65% | | 水环 ...

Group 1 - The State Intellectual Property Office of China shows that China Electric Power Construction Group Central South Survey and Design Institute Co., Ltd. and China Electric Power Construction Environmental Protection Technology Co., Ltd. have applied for a patent titled "12665. An Energy-saving System and Operating Method for Sewage Blowers," with publication number CN119797573A and application date of January 2025 [1] - The patent describes an energy-saving system for sewage blowers that includes a biochemical pool and a blower, which connects the blower's outlet to the bottom of the biochemical pool, along with a gas storage water pool equipped with aeration devices [1] - The invention utilizes the residual airflow from the blower to prepare oxygen-rich aqueous solutions stored in the gas storage water pool, which are later introduced into the biochemical pool for oxygen supply, effectively reducing the total air supply demand of the blower and thus lowering energy consumption [1] Group 2 - China Electric Power Construction Group Central South Survey and Design Institute Co., Ltd. was established in 1994, located in Changsha, with a registered capital of 135 million RMB, and has invested in 88 companies and participated in 5,000 bidding projects [2] - China Electric Power Construction Environmental Protection Technology Co., Ltd. was established in 2014, also located in Changsha, with a registered capital of 10 million RMB, having invested in 1 company and participated in 404 bidding projects [2] - The Central South Survey and Design Institute holds 1,932 patent records and 53 trademark records, while the Environmental Protection Technology Company has 118 patent records and 1 trademark record [2]

Group 1 - The core viewpoint of the article is that China Electric Power Construction (601669) has successfully completed the localization deployment and testing of the DeepSeek large model, indicating a significant advancement in integrating artificial intelligence technology with business scenarios [1] - The company plans to apply this AI technology in various fields such as engineering design and safety monitoring, which suggests a strategic move towards enhancing operational efficiency and innovation [1] - The establishment of an enterprise-level AI application platform is a key development that could potentially transform the company's service offerings and operational capabilities [1]

Investment Rating - The report maintains an "Outperform" rating for the industry [1]. Core Insights - The report highlights significant developments in the wind and solar sectors, including the commencement of China's first large-capacity floating wind turbine project and the termination of a major solar component procurement by China Power Construction [6][7]. - The Australian government's plan to subsidize home energy storage systems is expected to reduce initial costs for consumers and drive installation growth [7]. Summary by Sections Wind Power - The commencement of the 16MW floating wind turbine project by Three Gorges marks a significant milestone in China's offshore wind technology, addressing high costs through larger turbine capacities [11]. - The wind power index fell by 6.67%, underperforming the CSI 300 index by 3.80 percentage points, with a current PE_TTM valuation of approximately 18.89 times [12]. - Key companies to watch include Mingyang Smart Energy, Dongfang Cable, and Yaxing Anchor Chain, as the domestic offshore wind market shows upward momentum [7][16]. Solar Power - China Power Construction's termination of a 51GW solar component procurement reflects the impact of recent adjustments in renewable energy pricing policies, leading to uncertainty in project investment returns [6][7]. - The solar equipment index decreased by 9.56%, with the current PE_TTM valuation around 29.99 times [4]. - Companies of interest include Longi Green Energy and Tongwei Co., as the solar sector faces potential short-term demand weakness post-May 31 [7][16]. Energy Storage & Hydrogen - The Australian Labor Party's proposed AUD 2.3 billion subsidy for home energy storage systems aims to lower costs by 30%, potentially facilitating the installation of over 1 million new batteries by 2030 [7]. - The energy storage index dropped by 9.04%, with a current PE_TTM of 23.9 times, indicating a strong growth outlook for the sector [4]. - Key players in the energy storage market include Sungrow Power Supply and Shuneng Electric, while the hydrogen sector sees interest in companies like Huagong Huaneng and Yihua Tong [7][16].

中国电建"史上最大光伏组件集采"，宣布终止！ 原创 张英英 吴可仲 本报记者 张英英 吴可仲 北京报道 落地仅两个多月的新能源电价改革新政，正在影响每个市场参与主体。 4月9日，中国电建设备物资集中采购平台公布的关于"中国电建集团（股份）公司2025年度光伏组件框架入围集中采购项目终止公告"显示，鉴于近期新能源电价政策调整等因素，导致招标人[ 上述中国电建集团（股份）公司涉及中国电力建设集团有限公司和中国电力建设股份有限公司（两家公司统称"中国电建"）。中国电力建设集团有限公司作为一家跨国经营的综合性特大型中央企 中国电力建设集团有限公司旗下A股上市公司——中国电力建设股份有限公司（601669.SH）是全球清洁能源建设龙头，电力投资和运营是其重要业务。 《中国经营报》记者注意到，本次终止的光伏组件框架入围集中采购项目于2024年11月13日公布招标公告。根据招标公告，此次集中采购招标的光伏组件预计装机总量（包括自主投资建设项目 | | | | 包件号 | 标的物 | 预计采购 | 各注 | | --- | --- | --- | --- | | | | 总量 | | | 包件一 | 投资建设项目所需 N 型 ...