Power Construction Corporation Of China Ltd(Powerchina Ltd)(601669) april 27 issued the annual report for 2021. During the reporting period, the company achieved an operating revenue of 448325 billion yuan, an increase of 11.75% year-on-year; The net profit attributable to shareholders of listed companies was 8.632 billion yuan, a year-on-year increase of 8.07%; The net profit attributable to shareholders of listed companies after deducting non recurring profits and losses was 8.095 billion yuan, a year-on-year increase of 53.11%. In the whole year, the newly signed contracts reached 780283 billion yuan, a year-on-year increase of 15.91%.
According to the annual report, the market position of the company was further improved in 2021. The power construction group, with the company as the core asset, ranked 107th in the Fortune Global 500, an increase of 50th over the previous year. According to the ranking of global business (China revenue + international revenue), it ranked first among the top 150 global engineering design companies in 2021 and topped the list for two consecutive years; Ranked fifth among the top 250 global engineering contractors in 2021. Both rankings rank first in the world in the field of power industry. According to the ranking of international business, it ranked 16th among the top 225 international engineering design companies in 2021 and 1st in the Asian market; Ranked 7th among the top 250 international engineering contractors. Both rankings rank first in the world in the field of power industry.
During the reporting period, the company seized the “double carbon” opportunity and efficiently promoted strategic transformation. The company actively promotes the innovation of business model, focuses on “water, energy and city”, gives full play to the core ability of “understanding water and electricity, good planning and design, long-term construction and investment and operation” and the advantages of industrial chain integration, focuses on energy and power, water resources and environment, urban construction and infrastructure, and focuses on new energy and pumped storage, We will accelerate the planning, design, construction, investment and operation of new energy and pumped storage, and actively build a new pattern for the development of new energy and pumped storage business. The company actively participated in the “two new and one heavy” construction, 150 national major water conservancy projects, major ecosystem protection and restoration, national water network and pumped storage backbone projects. At the same time, it issued a series of guidance documents to continuously promote the high-quality development of “water, energy and city” business, consolidate and improve the market identity in the main business field. In 2021, the company achieved 731.5 billion yuan of newly signed “water, energy and city” business contracts, accounting for 93.7%, with a year-on-year increase of 10%.
During the reporting period, the company’s globalization development was orderly promoted, and the major projects of the “the Belt and Road” were successfully constructed. The construction section of the China Laos railway was successfully completed with high quality ahead of schedule, the longest super large bridge of the ya’an-wanzhou high speed railway was completely closed, the third runway of the Hong Kong International Airport was completed, the ring road in Belgrade, Serbia was opened to traffic, the Central Asia’s most windy wind farm zanatas wind power project was proposed to realize full capacity grid connected power generation, and the first unit of Zambia’s lower Kaifu Gorge Hydropower Station was grid connected to power generation, The company’s first offshore wind power project to realize commercial operation – Vietnam tra Vinh II grid connected power generation. Third party market cooperation continued to deepen. Based on market development, the company has strengthened its interests with enterprises in developed countries, actively built a community of shared future, and established third-party market cooperation relations with about 41 global well-known enterprises in 16 developed countries. Innovative project financing mode, successfully signed three spot exchange projects in Angola with European funds, with a contract amount of about US $400 million; Signed strategic cooperation agreements with Hitachi ABB power grid, Vestas, Voith and other international enterprises. By the end of the reporting period, the company had executed 2086 project contracts in 111 overseas countries and regions, with a contract amount of 611839 billion yuan. Xiamen University Malaysia branch and Kariba south bank expansion project in Zimbabwe won Luban Award for China Construction Project; Indonesia’s jiatiged dam, Kuwait University Town business school and women’s College won the National High Quality Engineering Award; Indonesia’s yavan high-speed railway and other two project camps won the outstanding camp award, and the brand influence continued to improve.
During the reporting period, the company improved its layout, integrated into regional development, actively served the national strategies such as the coordinated development of Beijing, Tianjin and Hebei, the Yangtze River economic belt, the Great Bay area of Guangdong, Hong Kong and Macao, the integration of the Yangtze River Delta, the Chengdu Chongqing twin city economic circle, Northeast revitalization, Hainan Free Trade Zone, ecological protection and high-quality development of the Yellow River Basin, and focused on improving the regional market competitiveness and the core competitiveness of its subsidiaries. During the reporting period, the company further clarified the operation mechanism and development orientation of regional marketing institutions, completed the establishment of regional investment companies corresponding to five regional headquarters, basically realized the full coverage of China’s regional market, and developed xiong’an Rongdong plot 1 into a demonstration and leading project. At present, the company’s regional marketing work has achieved initial results, the operation is in good condition, and the regional market competitiveness and the core competitiveness of subsidiaries have been continuously improved.
