Core Insights - China Energy Engineering Corporation (中国能建) signed a comprehensive strategic cooperation agreement with the Changzhou municipal government to deepen collaboration in various sectors including energy, power planning, and green shipping [1] Group 1: Strategic Cooperation - The agreement aims to advance cooperation in energy and power, water conservancy, urban development, transportation, and ecological protection [1] - Specific projects include the signing of a framework cooperation agreement for the Changzhou Zhonglou Zero Carbon Digital Manufacturing Industrial Park and a project cooperation framework agreement with Changzhou Jiaokong Group [1]

Core Insights - The Hangqian Expressway Tonglu Service Area South District has launched the largest highway charging station in China, featuring an integrated solar storage and smart charging system [1] Group 1: Project Overview - The project is located in Tonglu Service Area, Hangzhou, Zhejiang Province, designed by China Energy Construction Group Zhejiang Electric Power Design Institute [1] - It includes 108 high-power fast charging piles, with 40 being supercharging piles capable of reaching a maximum power of 600 kW, providing a charging speed close to "one kilometer per second" [1] Group 2: Technological Integration - The charging station combines photovoltaic power generation, battery storage, and smart charging, utilizing the idle space on the carport roof for solar power generation [1] - The supporting energy storage station stores electricity during low demand periods and collaborates with the grid during peak demand, ensuring intelligent interaction between source, grid, load, and storage [1] Group 3: Environmental Impact - The installed capacity of photovoltaic components at the service area is 2,705.49 kW, with an average annual power generation of 2.6337 million kWh [1] - The generated electricity is fully consumed on-site, reducing carbon emissions by 1,472.46 tons, contributing to a new model of integrated development between transportation and energy [1]

Core Viewpoint - The company reported steady revenue growth in the first half of 2025, driven by strong performance in energy, water resources, and strategic emerging industries, with a focus on core business areas [2][4]. Financial Performance - The company achieved operating revenue of 212.09 billion yuan in the first half of 2025, a year-on-year increase of 9.18%, with a second-quarter revenue of 111.72 billion yuan, up 15.35% year-on-year [2][3]. - The net profit attributable to shareholders was 2.80 billion yuan, reflecting a year-on-year growth of 0.72%, while the net profit after deducting non-recurring items was 2.52 billion yuan, up 8.32% year-on-year [1][2]. Business Segments - Core businesses in energy and water resources saw revenue growth of 18.58%, with strategic emerging industries growing by 14.6% [2]. - The company signed new contracts worth 775.36 billion yuan in the first half of 2025, a year-on-year increase of 4.98%, with overseas contracts growing by 13.74% [4]. Profitability and Margins - The overall gross margin for the first half of 2025 was 11.29%, a decrease of 0.91 percentage points year-on-year, primarily due to declining margins in engineering construction and investment operations [3]. - The net profit margin for the first half of 2025 was 1.32%, down 0.11 percentage points year-on-year [3]. Project and Capacity Development - As of the end of the reporting period, the company had a total installed capacity of 20.29 million kilowatts, with significant contributions from renewable energy sources [5]. - The company is expected to benefit from major infrastructure projects, including the Yarlung Tsangpo River downstream hydropower project and the South-to-North Water Diversion West Line project [5].

Investment Rating - The investment rating for the company is "Buy" and is maintained [9] Core Views - The company achieved a revenue of 212.09 billion yuan in the first half of the year, representing a year-on-year growth of 9.18%. The net profit attributable to shareholders was 2.802 billion yuan, with a year-on-year increase of 0.72%. The net profit after deducting non-recurring gains and losses was 2.521 billion yuan, up by 8.32% year-on-year [2][6] Financial Performance - In Q2, the company recorded a revenue of 111.72 billion yuan, which is a 15.35% increase year-on-year. The core businesses in energy, electricity, and water conservancy showed steady growth, with a year-on-year revenue increase of 18.58% [13] - The overall gross margin for the first half of the year was 11.29%, a decrease of 0.91 percentage points year-on-year. The net profit margin was 1.32%, down by 0.11 percentage points year-on-year [13] - The company signed new contracts worth 775.36 billion yuan in the first half of the year, a year-on-year increase of 4.98%. The overseas new contracts increased by 13.74% year-on-year [13] Business Segments - The company’s installed capacity for controlled grid-connected projects reached 20.2871 million kilowatts, with significant contributions from wind and solar power. The traditional energy segment saw a growth of 44.90%, while the new energy segment grew by 5.47% [13] - The company is expected to benefit from major hydropower infrastructure projects, including the Yarlung Tsangpo River downstream hydropower project with a total investment of 1.2 trillion yuan and the South-to-North Water Diversion West Line project with an estimated investment of 257.6 billion yuan [13]

Group 1 - The company announced that it will hold a workers' representative meeting on September 5, 2025, to elect Mr. Huang Pu as the employee director [2] - Mr. Huang Pu's term will begin from the date of election and will last until the end of the third board of directors' term [2]

Group 1 - The company, China Energy Construction (03996), announced that it will hold a staff representative meeting on September 5, 2025 [1] - Mr. Huang Pu will be elected as the employee director of the company during this meeting [1] - The term of the newly elected employee director will last until the end of the third board of directors' term [1]

Group 1 - The company, China Energy Construction (03996), announced that it will hold a staff representative meeting on September 5, 2025 [1] - Mr. Huang Pu has been elected as the employee director of the company, with his term starting from the date of election until the end of the third board of directors' term [1]

Core Viewpoint - China Energy Construction (03996.HK) announced the election of Huangpu as the employee director during the employee representative meeting scheduled for September 5, 2025, with the term lasting until the end of the third board of directors' term [1] Summary by Relevant Sections - **Company Announcement** - The company will hold an employee representative meeting on September 5, 2025, to elect Huangpu as the employee director [1] - The term of the newly elected employee director will commence from the date of the election until the expiration of the third board of directors' term [1]

CHINA ENERGY ENGINEERING CORPORATION LIMITED* 3996 董事名單與其角色和職能 中國能源建設股份有限公司董事會（「董事會」）成員載列如下： 執行董事 職工董事 黃埔 非執行董事 劉學詩 司欣波 獨立非執行董事 倪真 （副董事長） 程念高 魏偉峰 牛向春 裴振江 * 僅供識別 - 1 - 董事會下設5個委員會。下表提供各董事會成員所在委員會的成員資料。 中國，北京 2025年9月5日 - 2 - | 委員會 | | | 薪酬與 | | | | --- | --- | --- | --- | --- | --- | | 董事 | 戰略委員會 | 提名委員會 | 考核委員會 | 審計委員會 | 監督委員會 | | 倪真 | M | C | | | | | 黃埔 | | | | | | | 劉學詩 | | | M | | | | 司欣波 | M | | | | | | 程念高 | M | | | C | C | | 魏偉峰 | | | M | M | M | | 牛向春 | | M | C | | | | 裴振江 | | M | | M | M | C： 有關董事會委員會 ...

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* 3996 - 1 - 則」））或控股股東（定義見上市規則）沒有任何其他關係；且(c)不持有任何本公司或其任何 相聯法團股份之權益（按《證券及期貨條例》（香港法例第571章）第XV部所指的定義）。 除上文所披露外，就黃先生的委任而言，沒有任何根據上市規則第13.51(2)條(h)至(v)中要 求而須予披露的資料，亦沒有任何須提請本公司股東或香港聯合交易所有限公司注意的 事項。 承董事會命 中國能源建設股份有限公司 副董事長 關於選舉職工董事的公告 中國能源建設股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣佈，根據《中華 人民共和國公司法》、《中華人民共和國工會法》、《中國能源建設股份有限公司章程》等相 關規定，本公司於2025年9月5日召開職工代表大會，選舉黃埔先生（「黃先生」）為本公司 職工董事 ...