China State Construction Engineering Corp. Secured 57.8 Billion Yuan in Overseas Major Contracts This Year, With First Two Months Showing 40.9 Billion Yuan in Foreign Contracts, Up 19.9%

Yangtze Business Daily News ● Yangtze Business Reporter Jiang Chuya

Against the backdrop of ongoing global energy transition and infrastructure demand, China Power Construction (601669.SH) overseas business is experiencing explosive growth.

On March 12, the company announced the signing of a 13.962 billion RMB photovoltaic and energy storage EPC project in Abu Dhabi, UAE, marking a benchmark order in the overseas new energy sector this year.

Yangtze Business Daily’s rough estimate shows that as of now, the company has secured six major overseas projects for 2026, with a total contract value of 57.836 billion RMB. The announcement disclosed that in January and February 2026, the company’s overseas contract amount reached 40.888 billion RMB, a year-on-year increase of 19.92%.

Frequent Overseas Big Orders

On March 12, the company announced the signing of a 13.962 billion RMB photovoltaic and energy storage EPC project in Abu Dhabi, UAE. This Abu Dhabi RTC photovoltaic and energy storage project is a significant achievement for China Power Construction’s deep cultivation of the Middle East clean energy market. The project is undertaken by the Abu Dhabi branch of the company in partnership with East China Survey and Design Institute, located in the Mshayrif area, with a total installed capacity of 2.1 GWp on the photovoltaic DC side and 7.75 GWh of energy storage. The total construction period is 21 months from the start order, with a 24-month warranty period. Once completed, it will strongly promote local energy structure optimization and help the UAE achieve its clean energy development goals.

Since the beginning of the year, China Power Construction’s overseas market has been expanding in multiple areas, covering energy and power, civil infrastructure, resource development, transportation engineering, and more.

On January 14, the company simultaneously signed contracts for a 6.873 billion RMB multifunctional rehabilitation center in Kazakhstan and an 8.716 billion RMB Balee 770MW hydropower station in Laos.

On January 15, it secured a 17.193 billion RMB seawater desalination project in Basra, Iraq, addressing regional water resource shortages.

On March 12, the company won a 5.636 billion RMB highway project in Montenegro and signed the Abu Dhabi photovoltaic and energy storage EPC project.

On March 13, China Power Construction announced that its subsidiary signed a 5.456 billion RMB nickel mine extraction EPC contract in Indonesia, with a project duration of 60 months, covering all processes from stripping, mineral processing, transportation, to shipping, further expanding its resource development business.

Yangtze Business Daily’s rough estimate shows that as of now, the company has secured six major overseas projects for 2026, with a total contract value of 57.836 billion RMB.

Looking at overall operational data, the announcement disclosed that from January to February 2026, China Power Construction signed a total of 1,218 new projects, with a new contract value of 147.893 billion RMB, a decrease of 23.29% year-on-year. Among these, domestic contracts amounted to 107.005 billion RMB, down 32.58%; overseas contracts reached 40.888 billion RMB, up 19.92%. In terms of business segments, energy and power remain the core pillar, with new contracts totaling 96.966 billion RMB; strategic emerging industries performed strongly, with other business new contracts surging 176.88% year-on-year, indicating a continued upgrade towards high-end and diversified business structure.

Full Industry Chain Builds Competitive Advantage

As a leading enterprise in global clean low-carbon energy and water conservancy construction, China Power Construction’s overseas expansion is backed by its integrated full-industry chain service capability and continuous technological innovation investment. The company’s business covers engineering contracting, surveying and design, power investment and operation, equipment manufacturing, and more, with the ability to provide one-stop services from planning and design to commissioning and operation. Leveraging industry-leading technical strength, the company undertakes over 80% of domestic large and medium-sized hydropower station surveys and designs, leading over 50% of the global large and medium-sized water conservancy and hydropower construction market, and forming absolute competitive advantages in pumped storage, new energy, and integrated photovoltaic-storage fields.

Research and innovation continuously empower overseas expansion. From 2021 to the third quarter of 2025, the company’s R&D expenses were 19.594 billion RMB, 20.801 billion RMB, 23.250 billion RMB, 24.254 billion RMB, and 13.791 billion RMB respectively, showing an increasing trend year by year. The company’s自主研发的BIM仿真系统打破国外技术垄断，构建起智慧能源、智慧水务、智慧城市数字化产品矩阵。依托5G、物联网、建筑机器人等前沿技术，公司数字化建造300余项重点工程，平均缩短工期15%—30%、降低综合成本超10%，为海外项目高效落地提供技术保障。同时，公司构建“4+N”战新产业体系，布局深远海风电、氢能、新型储能等赛道，培育新的增长动力。

Operational fundamentals remain resilient. After divesting its real estate business in 2022, the company focused on core operations, with net profits attributable to the parent exceeding 100 billion RMB in 2022–2024, maintaining stable profitability. In 2025, new signed contracts surpassed 1.3 trillion RMB, marking four consecutive years of exceeding one trillion. By the end of Q3 2025, total assets reached 1.40 trillion RMB, continuing steady growth. Regarding overseas strategy, the company emphasizes major benchmark projects alongside “small but beautiful” civil projects. In the first half of 2025, 240 small overseas projects accounted for 21.39% of new overseas contract value, achieving both economic and social benefits.

Currently, infrastructure construction and energy transition needs along the “Belt and Road” countries are vigorous, providing broad space for Chinese infrastructure companies to go global. With its full-industry chain advantages, technological innovation, and global deployment experience, China Power Construction’s overseas business is expected to continue expanding. In the future, the company will leverage high-end overseas projects and domestic emerging industries to promote coordinated development of domestic and international businesses, consolidating its leading position in global clean energy construction and achieving high-quality sustainable growth.

Editor: ZB