Core Viewpoint - China Power Construction Corporation (China Power) reported steady growth in new contracts and revenue for the first half of 2025, with new contracts amounting to 686.99 billion yuan, a year-on-year increase of 5.83%, and revenue reaching 292.76 billion yuan, up 2.66% [2] Group 1: Financial Performance - New contracts signed totaled 686.99 billion yuan, reflecting a 5.83% increase year-on-year [2] - Revenue for the period was 292.76 billion yuan, showing a growth of 2.66% compared to the previous year [2] - The net profit attributable to shareholders was 5.43 billion yuan [2] Group 2: Strategic Focus on Emerging Industries - The company is focusing on strategic emerging industries, including renewable energy, energy conservation, new-generation information technology, and high-end equipment manufacturing [3] - Revenue from emerging industries accounted for over 40% of total revenue, with significant growth in wind and hydropower contracts, which increased by 68.78% and 66.67% respectively [3] - As of June 2025, the company had a total installed capacity of 35.16 million kilowatts, with wind power capacity growing by 20.45% and solar power capacity by 60.87% [3] Group 3: International Business Growth - International business contracts signed increased by 17.50% year-on-year, outperforming the overall company growth [6] - Revenue from overseas operations grew by 5.98%, with significant contributions from renewable energy and mining infrastructure projects [6] - The company secured 11 projects during the Shanghai Cooperation Organization Energy Ministers' meeting, totaling approximately 31.58 billion yuan, representing 48% of total contracts signed by all participating companies [6] Group 4: Technological Innovation and Digital Transformation - The company invested approximately 7.94 billion yuan in R&D, focusing on new industries and digital projects [8] - Two technological achievements were recognized as top innovations in the energy sector, and several patents received awards for their high promotional value [8] - Digital business contracts signed amounted to 21.01 billion yuan, with key projects including data centers and smart transportation hubs [8][9]
中国电建上半年经营指标保持“稳中有进” 新质生产力加速形成