Gelonghui, April 8 | Shenwan Hongyuan Research Report indicates that China Energy Construction (601868.SH)'s net profit to mother in 2023 was +2.07% in line with expectations, after deducting non-net profit +25.2% year-on-year. It is believed that in the future, as steady growth continues to ferment, and the “double carbon” target will continue to advance, the company is expected to use its advantages to quickly seize the new energy and integrated energy construction market, and new orders from related sectors are expected to continue to accelerate. Infrastructure investment is under pressure in the context of debt conversion. The company's order carry-over pace is expected to weaken at the same time, lowering the 24-year profit forecast and adding a 25-26 profit forecast. It is believed that the future energy engineering industry will still benefit from the support of the dual-carbon target. At the same time, the company expanded its power investment and operation business to create a second growth curve and maintain a “gain” rating.