中国电建子公司签署两份重大合同，总金额约为155.89亿元

Core Viewpoint - China Electric Power Construction (China Electric) announced the signing of two significant contracts totaling approximately 15.589 billion yuan, marking its first major contract announcement in 2026 [1][5]. Group 1: Contract Details - China Electric's subsidiaries signed an EPC (Engineering, Procurement, and Construction) contract for the "Nurlbarashak Zasel" multifunctional rehabilitation center project in Kazakhstan, with a contract value of approximately 6.873 billion yuan [4]. - The project aims to develop Kazakhstan's first benchmark project that integrates international standard rehabilitation services with an ecological smart city, with a contract duration of about 60 months [4]. - Another contract was signed for the construction of a 770 MW hydropower station in Laos, valued at approximately 8.716 billion yuan, with a contract duration of about 84 months [4]. Group 2: Financial Performance - The total contract amount of approximately 15.589 billion yuan significantly exceeds the total contract amounts announced in 2025, where only one announcement exceeded 10 billion yuan [5]. - In 2025, China Electric reported a total of 7 announcements regarding major contracts, with the highest total amount being approximately 11.719 billion yuan [5]. - The company's revenue for 2023 and 2024 was reported at 608.875 billion yuan and 633.685 billion yuan, respectively, with net profits of 12.949 billion yuan and 12.015 billion yuan, indicating a decline in profitability despite revenue growth [5][6].