POWERCHINA Ltd(SH:601669) Chang Jiang Shang Bao·2025-06-16 23:41Core Viewpoint - China Electric Power Construction (China Electric) has secured a significant contract worth approximately 10.77 billion yuan for the first phase of a 1 million kilowatt offshore wind power project in Dandong, Liaoning, marking a strong performance in the renewable energy sector [1][2]. Group 1: Recent Contracts and Projects - China Electric's subsidiary, China South Survey and Design Institute, won the EPC contract for the Dandong offshore wind project, which is expected to generate 3 billion kilowatt-hours annually and reduce carbon emissions by 2.4 million tons [2]. - In 2025, China Electric has been actively winning large contracts, including a 20 billion yuan solar and storage project in Abu Dhabi and a 5.97 billion yuan wind power project in Egypt [2]. - The company also secured contracts for various projects, including a 5.771 billion yuan hydropower project and a 4.4 billion yuan national reserve forest construction project in Fujian [2]. Group 2: Business Performance and Strategy - In the first four months of 2025, China Electric reported a 28.33% year-on-year increase in overseas contract amounts, totaling 83.322 billion yuan, while domestic contracts decreased by 11.22% to 303.168 billion yuan [5]. - The company aims for a total new contract target of 1.4 trillion yuan and revenue exceeding 650 billion yuan in 2025, with a significant focus on strategic emerging industries [6]. - China Electric's international business has shown robust growth, with a 4.08% increase in new international contracts, amounting to 223.957 billion yuan, and a 11.43% increase in international main business revenue [4].