Core Viewpoint - China Energy Engineering Group (601868.SH) has recently won significant engineering contracts, indicating strong market performance and growth potential in the energy construction sector [2][4][7]. Group 1: Recent Contracts and Financial Performance - China Energy Engineering Group's subsidiary led a consortium that won the EPC contract for the new coal power project at the Bingtuan Park, with a contract value of approximately 14.586 billion yuan [2][4]. - In the past two months, the company has secured three major contracts totaling approximately 29.304 billion yuan [7]. - As of the end of March, the company's contract liabilities stood at approximately 91.128 billion yuan, reflecting a year-on-year increase of 20.99% [8]. Group 2: Business Segments and Strategic Focus - The company operates across five main business segments: surveying and design, engineering construction, industrial manufacturing, clean energy and environmental water services, and investment [2]. - China Energy Engineering Group is actively pursuing transformation in four key areas: innovation-driven, green and low-carbon, digital intelligence, and shared integration [2][9]. - The company has established a comprehensive industrial chain that includes planning, consulting, evaluation, and design, positioning itself as a technology-driven and integrated energy and infrastructure service provider [9]. Group 3: Research and Development Investment - The company plans to invest over 14.118 billion yuan in research and development in 2024, continuing a trend of increasing R&D expenditures [3][10]. - From 2022 to 2024, the company's R&D investments are projected to be 10.454 billion yuan, 13.041 billion yuan, and 14.118 billion yuan, respectively [10]. Group 4: Growth in New Energy Sector - In 2024, the new energy and integrated smart energy business is expected to achieve a new contract amount of 559.739 billion yuan, accounting for 39.73% of the total new contracts [10]. - The installed capacity of new energy projects is projected to reach 15.1955 million kilowatts by the end of 2024, representing a year-on-year growth of 59.7% [10].
中国能建两月揽海内外大单293亿 年投141亿研发加快“四大转型”