On June 19th, Guotai Junan Securities research report pointed out that Power Construction Corporation of China, Ltd. (601669.SH) had continued high growth in energy orders, and the acceleration of water conservancy and new energy construction had brought growth space. In the 23 years when water conservancy construction investment hit a new high, the company received a rich water conservancy business contract order. In the 23 years, the company signed new water conservancy business contract orders amounting to 100.73 billion yuan, a year-on-year increase of 70.4%. With the sustained high growth of water conservancy construction investment in our country and the company's high market share in the water conservancy and hydropower fields, the company's water conservancy business order is expected to continue to grow rapidly. Under the supplementation of water conservancy shortboard, the company's water conservancy orders are expected to continue to increase. The speeding up of new energy installation landing is expected to enhance the company's profitability. The company's net income attributable to the parent for 2024-2026 is maintained at 14.64/16.46/18.33 billion yuan, and given a "buy" rating.
研报掘金丨光大证券：维持中国电建“买入”评级，水利及新能源建设提速带来成长空间
Research Reports | Everbright Securities: Maintains 'Buy' rating for Power Construction Corporation of China, Ltd. Accelerated construction in water conservancy and new energy fund creates growth space.
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