编者荐语： 日本经济新闻社与金融时报2015年11月合并为同一家媒体集团。同样于19世纪创刊的日本和英国的两家 报社形成的同盟正以"高品质、最强大的经济新闻学"为旗帜，推进共同特辑等广泛领域的协作。此次， 作为其中的一环，两家报社的中文网之间实现文章互换。 以下文章来源于FT中文网 ，作者帕托尼 FT中文网 . 英国《金融时报》集团旗下唯一的中文商业财经网站，旨在为中国商业菁英和决策者们提供每日不可或 缺的商业财经资讯、深度分析以及评论。 而JETP的早期推动者美国已于2025年3月悄然退出，协调工作随即落到了德国和日本头上。 在西方合作伙伴迟迟未能兑现承诺之际，中国对印尼能源转型的参与日益深入。但 这种商业运作模式可能伴随监管及环保措施弱化风险。 文丨艾哈迈德•帕托尼 为助力印尼摆脱煤炭依赖，2022年，一个由西方国家包括日本组成的国际联盟发起了"公正 能源转型伙伴关系"（Just Energy Transition Partnership，简称JETP），承诺提供总计200亿 美元的资金，其中包括赠款、低息贷款以及私人融资，但截止目前实际仅到位12亿美元。 与此同时，中国企业正不断扩大参与印尼的绿色能源价 ...

Core Viewpoint - UBS initiates coverage on Harbin Electric (01133) with a "Buy" rating and a target price of HKD 9.6, projecting a compound annual growth rate (CAGR) of 19% in earnings per share from 2024 to 2029 [1] Company Summary - UBS expects the gross profit growth rate for nuclear equipment in China to average 25% from 2025 to 2028 [1] - Each new small modular reactor (SMR) is estimated to provide Harbin Electric with an additional revenue potential of approximately RMB 620 million [1] - The market's increasing confidence in the prospects of nuclear power and Harbin Electric's order execution capability suggests potential for a re-rating of the company [1] Industry Summary - The Tibet Yaxia hydropower project is expected to create additional infrastructure demand, although the specific timing and allocation remain uncertain [1] - The upside potential from the project has not been fully recognized by the market [1]

长江商报奔腾新闻记者注意到，电力投资与运营业务是中国电建战略转型的重要业务，风电、太阳能光 伏发电、水电等清洁能源是核心。2024年，在公司已获取抽水蓄能项目资源中，54个抽水蓄能项目纳入 国家规划、规模7015万千瓦，已获核准项目16 个、装机规模2090万千瓦。 2024年，公司新增风电、太阳能光伏发电、水电装机容量分别为204.2万千瓦、404.37万千瓦、0.18万千 瓦。截至2024年底，公司控股并网装机容量3312.76万千瓦，同比增长22%。 据2024年年报，中国电建已建在建新能源、储能等战新项目装机4742万千瓦，投运2263万千瓦。公司投 资的中国首个开放海域最大渔光互补示范项目——青岛即墨海上光伏项目顺利开工建设；投资参建的离 岸距离达105公里、水深约55—67米的浙江苍南深远海风电示范项目取得核准批复。 长江商报奔腾新闻记者 汪静 中国电建（601669.SH）再斩大单。 8月11日晚间，中国电建披露签署重大合同。公司下属子公司中国水电建设集团国际工程有限公司和南 非Entsika公司与南非跨卡勒登隧道管理局签订了南非莫科洛-鳄鱼河（西）供水扩建项目2期合同，合同 金额约为69.94 ...

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]