炒雅江题材的散了吧

Core Viewpoint - The article discusses the significant investment and potential of China Electric Power Construction (China Electric) in the newly established China Yajiang Group and its ambitious 1.2 trillion yuan hydropower project, highlighting the company's unique capabilities and the expected financial benefits from this project [5][10][20]. Group 1: Project Overview - China Yajiang Group was established on July 19, 2025, with a plan to invest 1.2 trillion yuan in a super hydropower project [5]. - The project, known as the Yajiang Downstream Hydropower Project, is unprecedented in scale and complexity, requiring extensive preliminary work and innovative technical solutions [10][12]. - China Electric is positioned as a key player in the project, having already contributed significantly to its planning and design phases [11][12]. Group 2: Financial Implications - The expected direct revenue for China Electric from the Yajiang project includes approximately 300 billion yuan from research and design fees, with 80% of the workload anticipated to be handled by the company [20]. - Construction costs are estimated to be around 7 trillion yuan, with China Electric expected to secure contracts worth about 5 trillion yuan, yielding a gross profit of no less than 500 billion yuan [21]. - Additionally, China Electric holds a 22% stake in Yajiang Group, which could generate over 7 billion yuan in annual dividends, equating to a valuation of over 200 billion yuan based on similar companies [23]. Group 3: Market Position and Contracts - As of the end of 2024, China Electric's total contract value reached 2.13 trillion yuan, with ongoing projects valued at 3.89 trillion yuan [32]. - The company has shown a strong ability to manage contract assets, with contract assets exceeding contract liabilities for the first time in 2023, indicating robust operational capacity [35][36]. - The article suggests that despite the speculative nature of the stock market, long-term investors in China Electric are likely to see positive outcomes due to the company's solid fundamentals and growth prospects [36].