Core Viewpoint - China is actively promoting aid and development cooperation with African countries, enhancing industrial collaboration and support for various projects [1] Group 1: Agricultural Assistance - China is currently providing agricultural technology assistance in 21 African countries, deploying over 200 agricultural experts [1] Group 2: Infrastructure and Capacity Building - Collaborative projects are being implemented in areas such as power facilities, talent training, and capacity building, including the establishment of industrial park support projects [1] Group 3: Clean Energy and Green Development - Projects in clean energy and green development are being executed, focusing on hydropower, photovoltaic, and water supply initiatives [1]

Core Insights - China Power Construction (601669) announced that from January to May 2025, the company signed 3,501 new projects with a total contract value of 474.007 billion yuan, representing a year-on-year decrease of 0.93% [1] Contract Value Breakdown - The new contract value for energy and power reached 301.248 billion yuan, showing a year-on-year increase of 4.44% [1] - The new contract value for hydropower was 65.387 billion yuan, reflecting a significant year-on-year increase of 60.66% [1] - The new contract value for wind power amounted to 101.801 billion yuan, with a year-on-year growth of 67.33% [1] - The new contract value for solar power was 85.481 billion yuan, indicating a year-on-year decline of 32.61% [1] - The new contract value for water resources and environment reached 60.796 billion yuan, down 17.06% year-on-year [1] - The new contract value for urban construction and infrastructure was 101.711 billion yuan, marking a year-on-year increase of 4.71% [1] Domestic vs. International Contracts - The domestic new contract value totaled 377.608 billion yuan, which is a year-on-year decrease of 6.67% [1] - The international new contract value was 96.399 billion yuan, showing a year-on-year increase of 30.51% [1]

Group 1: Investment Activities and Projects - The company completed the equity transfer of Aurora Solar, holding 80% of the project company, becoming the largest shareholder [1] - All 48 pull test drilling points and column pouring for the photovoltaic project have been completed, with pull tests finished at 100% [1] - The company is focusing on international engineering transformation and developing resource-controlled, low-risk concession projects [2] Group 2: Future Investment Directions - The company aims to seek investment opportunities in renewable energy sectors abroad, aligning with national carbon peak and carbon neutrality goals [2] - Plans to extend and integrate the industrial chain through overseas investments based on existing business segments [2] Group 3: Financial Performance and Shareholder Returns - The gross profit margin for 2024 is expected to improve due to strict project quality control and termination of low-margin trade businesses [2] - The cash dividend for 2024 is set at 1.49 yuan per 10 shares, totaling approximately 158.45 million yuan, a 72.55% increase from the previous year [2] - The company has maintained a consistent cash dividend for 17 consecutive years, emphasizing long-term shareholder returns [2] Group 4: Confidentiality and Compliance - No undisclosed significant information leakage occurred during the investor relations activity [3]