The Zhitong Finance App learned that China Energy Construction (03996) has now risen by more than 4%. As of press release, it has risen 4% to HK$0.78, with a turnover of HK$22.798 million.

According to the news, China Energy Construction announced the main operating data for the first quarter of 2024. The total amount of new contracts signed in the first quarter of 2024 was 367.756 billion yuan, an increase of 23.53% over the previous year. By region, in the first quarter, the company signed new domestic contracts of 275.926 billion yuan, an increase of 24.97% over the previous year; the amount of new contracts signed abroad was 91,830 billion yuan, an increase of 19.38% over the previous year.

Guosheng Securities previously stated that in 2023, the company signed a new contract amount of 128.3.7 billion yuan, an increase of 22%. Among them, the “Belt and Road” market signed a new contract amount of 267.4 billion yuan, an increase of 62% over the previous year; new energy and municipal engineering continued to increase. In addition, the company's new energy installed capacity increased significantly. By the end of 2023, it had accumulated 9.51 million kilowatts of new energy connected to the grid, an increase of 91% over the previous year; the hydrogen energy and new energy storage industries accelerated their layout.