Power Construction of China Sees 11% Rise in Value of New Contracts in 2024

MT Newswires Live2025-01-23

Power Construction of China (SHA:601669) posted an 11% increase to 1.271 trillion yuan in the value of newly signed contracts in 2024.

Contracts signed in energy and power jumped 24% year over year to 762.8 billion yuan, while those signed in urban construction and infrastructure declined 14% to 289.9 billion yuan, according to a Thursday filing with the Shanghai bourse.

Shares of the state-owned engineering construction company rose less than 2% in recent trade.

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