Investment Rating - The investment rating for the company is "Accumulate" with a target price of 43.59 CNY [6][12]. Core Insights - The company has won a 6.126 billion CNY natural gas booster station project from Algeria's national oil company, which is expected to enhance its operational performance and accelerate overseas expansion in key regions such as the Middle East and Africa [2][12]. - The project signifies a strategic expansion in North Africa, reinforcing the company's brand influence in the integrated development and construction services market for onshore oil and gas fields [12]. - The report anticipates a shift in the company's core business drivers from oil capital expenditure to gas capital expenditure, with significant contributions expected from important markets in the Middle East and Africa [12]. Financial Summary - Total revenue is projected to grow from 13,912 million CNY in 2023 to 22,149 million CNY by 2027, reflecting a compound annual growth rate (CAGR) of approximately 17.2% [4][13]. - Net profit attributable to the parent company is expected to increase from 2,454 million CNY in 2023 to 4,290 million CNY in 2027, with a CAGR of about 19.3% [4][13]. - Earnings per share (EPS) is forecasted to rise from 2.40 CNY in 2023 to 4.19 CNY in 2027 [4][12]. Market Data - The company's market capitalization is approximately 35,927 million CNY, with a current share price of 35.09 CNY [7]. - The stock has traded within a range of 25.50 CNY to 41.65 CNY over the past 52 weeks [7]. - The price-to-earnings (P/E) ratio is projected to decrease from 14.64 in 2023 to 8.38 by 2027, indicating potential undervaluation [4][12].