Core Points - The EPC project of the Lumut Balai Phase II Geothermal Power Plant in Indonesia, undertaken by China Power Construction Group, has officially received the operation acceptance certificate from the owner, marking the successful handover of the project and its entry into the warranty period [1] - This project is the first successful handover of a geothermal power plant EPC project by a Chinese company overseas [1] Project Execution - Since the commencement of the project, the China Power Construction project team has adhered to scientific planning, strict control, and precise execution, overcoming challenges such as tight schedules, complex environments, and limited resources [1] - The project achieved key milestones including the start of operation (SLO), commercial operation (COD), 15 days of reliability operation, and completion certificate (CC), with performance test results exceeding contract indicators [1] Significance and Future Plans - The Lumut Balai Phase II Geothermal Power Plant project serves as an important demonstration of China-Indonesia energy cooperation, showcasing the engineering strength and technical standards of China Power Construction in complex environments [1] - The company will continue to uphold the principles of "high, strict, detailed, and practical" during the warranty period, ensuring operational support and expediting the handling of any remaining defects to achieve the final fulfillment goals [1]

Core Viewpoint - The successful handover of the Lumut Balai Phase II Geothermal Power Plant EPC project by China Power Construction to the owner marks the first successful overseas geothermal power plant project completed by a Chinese company, entering the warranty period [1][3]. Group 1: Project Overview - The project received the operation acceptance certificate on September 24, indicating its successful completion and transition to the warranty phase [1]. - The project team overcame challenges such as tight schedules, complex environments, and resource limitations, ensuring high-quality execution across design, procurement, construction, and commissioning [3]. Group 2: Performance and Impact - The performance test results exceeded contract specifications, demonstrating the company's strong execution capabilities and commitment to quality [3]. - As a significant demonstration of Sino-Indonesian energy cooperation, the project showcases China Power Construction's engineering strength and technical expertise in complex environments, contributing to Indonesia's clean energy development [3]. Group 3: Future Commitments - The company will continue to uphold its principles of high standards, strictness, detail, and practicality during the warranty period, focusing on operational support and addressing any remaining defects to ensure the fulfillment of final contractual obligations [3].

Industry Performance - In the first half of 2025, the construction sector's listed companies reported a revenue decline of 5.66% and a net profit drop of 8.89% year-on-year, indicating an overall performance setback for the industry [1][3] - Among 157 listed companies in the construction sector, 55 companies achieved revenue growth, while 70 companies saw an increase in net profit during the same period [1] Key Companies - China Electric Power achieved a revenue of 292.76 billion yuan in the first half of 2025, marking a 2.66% year-on-year increase, although its net profit fell by 13.81% to 5.43 billion yuan [1] - China Energy Construction reported a revenue of 212.09 billion yuan, a 9.18% increase year-on-year, with a net profit of 2.80 billion yuan, reflecting a 0.72% growth [2] Market Outlook - Several broker reports express optimism for a profit recovery in the construction sector in the second half of 2025, despite the first half's revenue and profit pressures [2][3] - The construction sector's gross and net profit margins slightly decreased, while the asset-liability ratio saw a minor increase [2] International Expansion - Many leading companies in the construction industry are actively expanding their international presence, with overseas projects expected to drive market demand growth [3] - Companies like China National Chemical and others have reported significant growth in overseas business, contributing to their overall performance [2][4] Investor Relations - Companies are focusing on improving shareholder returns, with some increasing dividend frequency and amounts, as well as engaging in share buybacks [4] - Chengdu Road and Bridge highlighted efforts to improve performance by securing new orders and enhancing project cash flow, aiming to turn losses into profits [3][4]

Core Insights - The Abidjan cocoa processing plant, constructed by a Chinese company, was officially handed over to the Ivorian authorities on June 26, marking the first state-owned modern cocoa processing facility in Côte d'Ivoire [1] - The plant, located in the PK24 industrial park in the northwest of Abidjan, covers an area of approximately 21 hectares, with a total investment of 130 billion West African francs (approximately 226 million USD) [1] - Côte d'Ivoire is the world's largest cocoa producer and exporter, accounting for about 40% of global production. In 2024, the cocoa production in Côte d'Ivoire is expected to reach approximately 2 million tons, with over 1.4 million tons exported, and a local processing rate of only 30% [1]