On January 18, Capital State learned that Hong Kong stock companiesChina's energy construction(03996.HK) announced that the value of newly signed contracts in 2021 was 872.61 billion yuan (RMB, the same below), an increase of 51 percent over the same period last year.

According to the type of business, 800.89 billion yuan was newly signed in the main industry of engineering construction, an increase of 46% over the same period last year; 11.91 billion yuan in survey, design and consulting, an increase of 4.6% over the same period last year; 26.22 billion yuan in industrial manufacturing, an increase of 161.2% over the same period last year; and 33.59 billion yuan in other businesses, an increase of 396.4% over the same period last year.

According to regional distribution, the value of newly signed contracts in China was 655.46 billion yuan, an increase of 64.2% over the same period last year, while that of overseas contracts was 217.15 billion yuan, an increase of 21.6% over the same period last year.

Zheshang Securities pointed out in the research report that the company's newly signed contracts grew at a compound growth rate of 30% in two years, of which new energy and comprehensive smart energy business orders increased by 53% compared with the same period last year. The newly signed order exceeded expectations.

It is estimated that the company's operating income from 2021 to 2023 will be 3031, 3455 and 391 billion yuan, up 12.11%, 14.02% and 13.17% over the same period last year, and the net profit from 2021 to 2023 will be 67.67,96.03 and 10.991 billion yuan, up 44.89%, 41.91% and 14.46% over the same period last year. Maintain the "overweight" rating.

As of press time, China's energy construction AH has risen.Hong Kong stockChina's energy construction rose 4.03% to HK $1.29, while A-share China Energy Construction also rose 4.46% to 2.81 yuan.