Power Construction Corp of China reports robust contract growth

Power Construction Corp of China (PCCC) reported a total new contract value of RMB 8007.97 bn from January to August 2025, representing a 4.71% year-on-year increase. Domestic contracts accounted for RMB 6209.57 bn (up 0.61%), while international contracts surged by 21.90% to RMB 1798.41 bn.

The energy and power sector was a primary driver, with new contracts totaling RMB 5162.40 bn, up 14.30% year-on-year. Hydropower contracts saw a substantial 58.88% increase to RMB 1235.36 bn, and wind power contracts jumped 61.27% to RMB 1662.56 bn. However, solar power contracts decreased by 27.55% to RMB 1280.72 bn, and thermal power contracts fell 56.36% to RMB 254.28 bn. New energy storage projects garnered RMB 310.30 bn in new contracts.

The water resources and environmental sector secured RMB 765.64 bn in new contracts, a 25.78% decline, while urban construction and infrastructure recorded RMB 1661.94 bn, down 6.98%. Noteworthy individual projects included a 350MW offshore wind power project in Vietnam for RMB 39.77 bn and a 13GWh advanced wide-temperature modified magnesium-based battery R&D and production base project for RMB 15.74 bn.