China Energy Construction (03996) announced interim results, net profit of 2,782 billion yuan, an increase of 4.67% year-on-year

According to the Zhitong Finance App, China Energy Construction (03996) announced interim results for the six months ended June 30, 2024. The group achieved operating income of 194.262 billion yuan (RMB, same below) during the period, up 1.11% year on year; net profit to mother was 2,782 billion yuan, up 4.67% year on year; basic earnings per share were 0.063 yuan.

According to the announcement, the company's survey, design and consulting business mainly undertakes planning research, consulting, evaluation, engineering survey, design, supervision, project management, and preparation of industry standards and specifications in the field of energy and infrastructure at home and abroad. The company gives full play to the “five major roles” of planning and design leaders, soul, traction, expansion and layout, adapts to the new trend of cross-border integration and development in the energy industry, highlights “energy +”, promotes the deep integration of energy networks, transportation networks, digital networks, water networks, ecological networks, industrial networks and cultural networks, continuously promotes integrated development technology, models and product innovation in the infrastructure sector, continuously expands business scenarios, and forges core competitiveness and differentiated competitive advantages in the infrastructure field to provide countries and regions with integrated and integrated consulting solutions. In the first half of 2024, the company signed a new contract amount of 11.45 billion yuan for survey design and consulting business, a year-on-year decrease of 4.1%.

The company's engineering construction business mainly includes domestic and foreign new energy, integrated smart energy, traditional energy, urban construction, integrated transportation and other engineering construction services. As the company's core business, engineering construction vigorously promotes green transformation, and has strong integrated core competitiveness in the fields of electricity and large-scale infrastructure. The company is committed to building a world-class general engineering contractor, with first-class project management capabilities, engineering technology innovation capabilities, resource integration capabilities and increasing engineering project management capabilities to provide customers with a high level of integrated engineering construction services with full value chain integration and full life cycle management. In the first half of 2024, the company signed a new contract amount of 656.43 billion yuan for engineering construction business, an increase of 6.8% over the previous year.