Lates News

date
06/05/2025
According to a report released by Dongwu Securities on May 6th, China Power Construction Corporation (601669.SH) was given a buy rating. The reasons for the rating include: 1) the company's first quarter report for 2025 showed a stable increase in operating revenue, with a year-on-year growth of 1.6%, achieving a net profit attributable to shareholders of 26.36 billion yuan, a year-on-year decrease of 12.0%, and a non-net profit attributable to shareholders of 25.98 billion yuan, a year-on-year decrease of 14.0%; 2) stable growth in revenue with some pressure on gross profit margin; 3) a slight increase in net outflow of cash flow from operating activities, strengthening investment control, and a slight increase in the asset-liability ratio; 4) a decrease in new signed orders in the first quarter of 2025, but continued impressive performance in the hydro and wind power sectors. (Daily Economic News)