Summary by Futu AI
China Energy Construction Co., Ltd. released key operating data for the first quarter of 2024 on April 17, 2024. The report showed that the company reached RMB 3,677.56 billion in the first quarter of 2024, an increase of 23.53% year-on-year. Among them, the new contract volume of engineering construction was $3,151.68 billion, a year-on-year increase of 10.38%, the traditional energy business grew by 19.82%, the new energy and integrated smart energy business grew by 1.72%, the urban construction business grew by 33.75%, and the integrated transportation business decreased by 67.54%. New contracts in survey design and consulting fell by 4.34%, industrial manufacturing grew by 582.48% and other business grew by 279.97%. In terms of regional distribution, the amount of new contracts signed domestically grew by 24.97% and overseas by 19.38%. Chairman of the Board Song Hailiang made this announcement on behalf of the company.