Feng Jinfan is full of new ambitions, and it is time to forge ahead. Just now, China Power Construction released the January-February business report, with a newly signed contract value of 121.182 billion.

Breakthrough in overseas business

According to the analysis of the situation of China Power Construction in January and February 2022: the monthly orders increased slightly year-on-year, and the growth of foreign orders increased significantly. In February 2022, the value of new contracts signed by POWERCHINA was approximately 55.687 billion yuan, a year-on-year increase of 0.04%. From a regional perspective, in February 2022, the value of newly signed domestic contracts was approximately 49.079 billion yuan, a year-on-year -2.89%; The speed has accelerated significantly (-5.96% year-on-year in foreign orders in January 2022).

In 2021, POWERCHINA's overseas new signing situation is not very satisfactory, and it is a little short of the predetermined target. So since the beginning of 2022, POWERCHINA has made up its mind to achieve breakthroughs overseas. Then you can see that from January to February, the overall overseas growth achieved a year-on-year growth of +3.34%, which is commendable.

PowerChina won some bids in January-February 2022

In the above table, we list some key projects of China Power Construction in January and February 2022 at home and abroad. Due to the limited space, not all of them are listed. So the above mentioned that since 2022, China Power Construction has focused on deepening the overseas market, and has also made breakthroughs.

For example, in January 2022, POWERCHINA and Missan International Refinery and Chemical Company signed an EPC contract for the Iraqi Missan Refinery Project, with a contract value of US$880 million, equivalent to about RMB 5.6 billion, and achieved a good start. In fact, in recent years, POWERCHINA's business in the Iraqi market has grown steadily, and it has undertaken more than ten projects such as Rumaila Power Station, Graf Oilfield-owned Power Station, and Dora Power Station Restoration Project. The successful signing of this project not only marks another breakthrough of POWERCHINA in the oil refining field in Iraq, but also consolidates POWERCHINA's position in the Iraqi contracting market, laying a solid foundation for POWERCHINA's sustainable development in Iraq.

In January 2022, POWERCHINA signed the EPC contract for the Arauco Phase I and Phase II 199 MW photovoltaic project in Argentina, which is also the ninth photovoltaic project implemented by POWERCHINA in the country. At the same time, it is also the 16th new energy project implemented by POWERCHINA in Argentina, which further confirms POWERCHINA's status as the largest new energy contractor in Argentina.

In February 2022, POWERCHINA won the bid for the largest waste-to-energy project in South America, the Barueri Waste-to-energy EPC Project. The project has a high technical content. As the most advanced and environmentally friendly waste treatment method in the world, waste incineration power generation can convert the heat generated into electricity. Therefore, winning the bid for this project signifies that POWERCHINA has established a first-mover advantage in the field of municipal solid waste power generation in the regional market, laying a solid foundation for the subsequent in-depth expansion of the solid waste recycling business in Brazil and even the Americas.

Business distribution by region

Sichuan, Gansu, Qinghai, Zhejiang, Beijing, Hebei, Hubei, Hainan, etc. are the main sources of orders for POWERCHINA. According to the statistical analysis of big data: wherever the leaders of POWERCHINA go, the business extends. This is the fighting spirit and hard work of POWERCHINA. At the same time, in order to further realize the business landing, China Power Construction also increased and accelerated the signing of strategic cooperation agreements.

The ability to manage large orders has been improved

Another obvious thing is that the proportion of large orders has increased significantly compared with the previous month. Judging from the large order data released by PowerChina, the newly signed large orders in February 2022, that is, a single order with a contract value of more than 500 million yuan, totaled about 28.688 billion yuan, accounting for 52% of the new contract value in the month, compared with Jan '22 (29%) markedly improved. As mentioned in the previous article, the increase in large orders will help to reduce the operating costs of enterprises. Because the cost of operating each project is not much, and the higher the amount, the higher the operating profit. Therefore, the signing of large orders has laid a solid foundation for POWERCHINA to maintain positive growth in the value of newly signed contracts in February 2022. Judging from the types of large orders, the new large orders in China in February 2022 are mainly distributed in the field of infrastructure and new energy construction, including water conservancy and hydropower projects, rail transit projects, new urbanization, affordable housing, and pumped storage power stations. , water environment comprehensive management, water resources allocation and other sub-fields, which mainly focus on water conservancy projects and water environment comprehensive management projects.

In addition, POWERCHINA has also established 3 consortia to invest in and construct 3 projects respectively. Such as: Qingbaijiang European Industrial City Middle Area Comprehensive Development Project, Baoding Urban Renewal-Jingxiu District, Lianchi District Urban Village Reconstruction Project, Deyang Tianfu Jingcheng Area Infrastructure Construction (North Tianfu Park Area) project, involving an investment of about 31.892 billion Yuan.

The China Power Construction Metropolitan Institute consortium jointly invested and constructed the Qingbaijiang European Industrial City Middle Area Comprehensive Development Project. The total investment of the project is about RMB 7 billion, and the project capital is about RMB 2.1 billion.

The China Power Construction Eco-Environment Group consortium jointly invested in the construction of the infrastructure construction project in Deyang Tianfu Jingcheng Area (North Tianfu Park Area), with a total investment of approximately RMB 13.305 billion and a project capital of approximately RMB 2.661 billion.

China Power Construction Road and Bridge Consortium jointly invested in the construction of urban renewal projects in Baoding City - Jingxiu District and Urban Village Reconstruction Project in Lianchi District. The total investment of the project is approximately RMB 49.1 billion, the total investment of the bid-winning part of the China Power Construction Road and Bridge Group Co., Ltd. consortium is approximately RMB 11.587 billion, and the project capital is approximately RMB 3.476 billion.

Smart cities come to the fore

The gold content of smart city construction is very high, and POWERCHINA, as an integrated builder focusing on "water, energy and city", has inherent advantages in this regard. In 2021, Power China and Gansu Province signed a strategic cooperation agreement. Good news came in February 2022: the consortium formed by the real estate company affiliated to PowerChina, the Third Bureau of Hydropower, the Western Construction Company, the Guiyang Institute and the Northwest Institute of China Municipal Government successfully won the bid for Gaolan Ecological Restoration and Industry in Lanzhou Economic and Technological Development Zone Development demonstration area (starting area) comprehensive development project.

After the project is completed, it will effectively improve the land use space of Lanzhou Economic and Technological Development Zone, restore the ecological environment in the area, help Lanzhou City's north extension strategic layout, and strive to promote the symbiotic and complementary ecological system of environmental ecology, industrial intelligence and cross-border integration in the area. , to shape the ecological innovation and development gathering area in the western part of the country, and realize the joint development of new and old urban areas. At the same time, it also paved the way for POWERCHINA to build a new smart city coordinate in Lanzhou.

Power China, come on, the future is unlimited! Editor/Sang Xiaomei