Recently, China Energy Construction released the first quarter report of 2024. The report shows that in the first quarter, China was able to sign new contracts of 367.76 billion yuan, up 23.5% year-on-year; The operating income was RMB 97.404 billion, up 10.04% year on year; The net profit attributable to shareholders of listed companies was 1.481 billion yuan, an increase of 31.71% year-on-year, and the production and operation achieved a "good start".

In terms of contracts, by region, in the first quarter, the amount of newly signed contracts in China was 275.926 billion yuan, an increase of 24.97%; A number of key projects such as Xinjiang Hami Channel 800,000 kW wind power + 200,000 kW PV multi-energy complementary project and supporting 500kV gathering station project, Hubei Ezhou Power Plant Phase 4 (2×1000MW) expansion project, Shanxi Xinzhou Fanzhi 300MW/300MWh shared energy storage power plant project were signed.

The value of newly signed overseas contracts reached 91.83 billion yuan, up 19.38% year on year. Among them, the number of new contracts signed by countries jointly participating in the Belt and Road Initiative increased by 25.1% year-on-year. A number of key projects such as the Tripati-class hydropower Station in Indonesia and the 306MW photovoltaic project in Puebla State in Mexico have been signed.

In the first quarter, the operating income of new energy and comprehensive smart energy reached 29.61 billion yuan, an increase of 34.5%, accounting for 30.4% of the company's total operating income; The investment was 4.7 billion yuan, an increase of 60.4%, and the role of new energy as the first engine of performance growth was fully demonstrated. It has obtained a number of landmark projects such as the comprehensive demonstration project of green electricity hydrogen and ammonia production in Inner Mongolia Bayannur Urat Middle Banner, and the integration of 200,000 kW wind storage in Henan Tanghe Qizhen.

Important progress has been made in creating a new source of original energy storage technology, compressed air energy storage technology has achieved technical and industrial breakthroughs, and the world's first set of 300 megawatt pressurized gas energy storage power station built by the company in Hubei Yingcheng demonstration project was successfully connected to the grid. It has created a number of world records such as single-machine power, energy storage scale, and conversion efficiency, and has successfully been selected into the National Development and Reform Commission's green low-carbon advanced technology demonstration project list; "300 MW Compressed air Energy storage system compressor and expansion machine" was successfully selected as the National Energy Administration's top ten scientific and technological innovation achievements in the energy industry in 2023; Actively promote the world's first vertical shaft gravity energy storage engineering application project, and has been included in the National Energy Administration's new energy storage pilot demonstration project list; Participated in the establishment of five central enterprise innovation consortia such as new energy storage; Self-developed battery cell product Fujian Xiamen 30GWh electrochemical energy storage battery phase I 5GWh production line smoothly. Editor/Xu Shengpeng