POWERCHINA Ltd(SH:601669) Xin Lang Cai Jing·2025-10-30 15:57Core Viewpoint - China Power Construction Corporation, established in 2009 and listed in 2011, is a leader in clean low-carbon energy, water resources, and environmental construction, offering integrated services across the entire industry chain [1] Business Performance - As of Q3 2025, China Power Construction reported revenue of 439.11 billion yuan, ranking 4th in the industry, surpassing the industry average of 135.95 billion yuan [2] - The company achieved a net profit of 10.11 billion yuan, also ranking 4th in the industry, exceeding the industry average of 3.65 billion yuan [2] Financial Ratios - The asset-liability ratio for Q3 2025 was 80.19%, higher than the previous year's 79.03% and above the industry average of 72.81% [3] - The gross profit margin was 11.48%, down from 12.42% year-on-year and below the industry average of 11.72% [3] Shareholder Information - As of June 30, 2025, the number of A-share shareholders decreased by 1.81% to 320,000, while the average number of circulating A-shares held per account increased by 1.85% to 40,900 [5] - Major shareholders include China Securities Finance Corporation and Hong Kong Central Clearing Limited, with notable changes in their holdings [5] Project and Contract Growth - From January to August 2025, the company signed 3,579 new energy power projects with a total contract value of 516.24 billion yuan, a year-on-year increase of 14.3% [6] - The overseas business saw significant growth, with new contracts amounting to 179.84 billion yuan, up 21.9% year-on-year [6] Future Outlook - The company is expected to achieve net profits of 12.30 billion yuan, 13.50 billion yuan, and 13.89 billion yuan for 2025, 2026, and 2027 respectively, with corresponding EPS of 0.71, 0.78, and 0.81 yuan [6]