It's time to take off! China Construction and China Power Construction exceed expectations! This direct "surge" 330%!

of March 12, the traditional infrastructure giants of China Construction and China Electric Power Construction announced their business situation in the first two months of 2023, which exceeded expectations on the whole. From January to February

2023, the total amount of new contracts signed by China Construction was 621.1 billion yuan, an increase of 30.2% over the same period last year, of which the new contracts signed by construction business were 567.6 billion yuan, an increase of 27.3%, and the contract sales of real estate business were close to Vanke, reaching 53.5 billion yuan, an increase of 71.1% over the same period last year. From January to February, the amount of new contracts signed by

China Power Construction was 173.602 billion yuan, an increase of 43.26% over the same period last year, of which the energy and power business directly "took off", and the amount of new contracts signed was nearly 100 billion yuan, an increase of more than 300% over the same period last year.

According to the announcement, the total amount of new contracts signed by China Construction in January-February 2023 was 621.1 billion yuan, an increase of 30.2% over the same period last year.

Among them, the main construction business accounted for more than 90% of the newly signed contracts amounted to 567.6 billion yuan, an increase of 27.3% over the same period last year. In terms of internal breakdown of construction business, housing construction recorded 426.8 billion yuan, an increase of 20.4%, infrastructure recorded 138.9 billion yuan, an increase of 55.1%, and survey and design recorded 1.8 billion yuan, an increase of 12.1%.

It should be noted that the report card of the company's construction business was not obtained on a low base. In January-February 2022, when the real estate enterprises were out of danger in batches, the new contract value of its construction business was 445.8 billion yuan, with a year-on-year growth rate of 6.7%. The real estate business of

China Construction mainly includes the two platforms of Zhonghai Real Estate and Zhongjian Real Estate. Under the background of the stabilization and recovery of the whole real estate industry, its rebound speed is even faster. The announcement shows that in the first two months of this year, the company's real estate business contract sales amounted to 53.5 billion yuan, an increase of 71.1% over the same period last year, which has approached Vanke (the contract sales in the first two months amounted to 58.75 billion yuan); the contract sales area was 2.72 million square meters, an increase of 58.4%.

Such a beautiful performance also makes it rare for China Construction East Finance Stock Bar to be "lively". Netizens have said, "It's too awesome." "What's the situation? Are you taking off? "For the first time, so much more than expected".. On the evening of

March 12, China Electric Power Construction Co., Ltd., the leading power engineering company, also disclosed its business situation in the first two months.

The announcement showed that 1441 new projects were signed from January to February 2023, with a new contract value of 173.602 billion yuan, a substantial increase of 43.26% over the same period last year. The main contribution came from the energy and power business, with 765 new projects and 95.6 billion yuan of new contracts, an increase of 330.96% over the same period last year. The company's energy and power business includes hydropower, wind power, solar power, thermal power, power grid and so on. In fact, the high growth of

China Power Construction's energy and power business is not surprising. In the first two months, it disclosed seven major contracts or projects that met the credit standards, four of which were energy and power projects. On February 18 alone, the company announced three energy and power projects, including

the EPC general contract for the design, procurement and construction of Jingning Pumped Storage Power Station in Zhejiang Province, amounting to about 6.257 billion yuan;

Wuerhe 2000MWp Photovoltaic Power Generation Project EPC General Contracting Project Contract, the contract amount is about 7.176 billion yuan;

Guangdong Energy Shache County 2 million kilowatt photovoltaic storage integration project Phase I 1 million kilowatt EPC General Contracting Project, the bid amount is about 5.307 billion yuan.

According to professional personnel, this year's infrastructure construction is still an important starting point for steady growth, and the refinancing restart of housing enterprises is expected to improve the repayment of housing construction. According to the Report on the Work of the Government, 3.8 trillion yuan of local government special bonds will be arranged in 2023 (3.65 trillion yuan in 2022), and the number of infrastructure landing projects is expected to further increase. Under the background of the construction of the valuation system with Chinese characteristics, the construction stocks of state-owned enterprises with historically low valuation level are expected to usher in a major opportunity for value revaluation.