The Adama Wind Farm in Ethiopia.
POWERCHINA, a global leader in clean energy, water resources, and the environmental construction, has announced outstanding results for the 2023 fiscal year.
The company provides services of whole industrial chain integration, including investment financing, planning and design, engineering and contracting, equipment manufacturing, operation and maintenance, offering overall solutions for the customers at home and abroad.
In 2023, POWERCHINA reported newly signed contracts totaling 1.14 trillion yuan ($158.42 billion), a 13.24 percent increase year-on-year. The company achieved a revenue of 608.44 billion yuan, a 6.44 percent increase from the previous year. Net profit attributable to shareholders reached 12.99 billion yuan, up by 13.58 percent.
The Kafue Gorge Lower Hydropower Plant in Zambia.
The company also secured new overseas contracts worth 215.17 billion yuan, an 11.87 percent increase year-on-year, and international business revenue of 81.33 billion yuan, an 8.69 percent growth compared to the previous year.
POWERCHINA's position as the world's largest power design and contracting firm remains robust, underscoring its expertise and leadership in global engineering, procurement, and construction (EPC) as well as consulting and design services.
New energy and power contracts accounted for 616.77 billion yuan, 53.97 percent of total contracts and a 36.17 percent increase from the previous year. Among these, newly signed contracts for solar power generation amounted to 279.90 billion yuan, a 44.54 percent year-on-year increase. Contracts for pumped storage projects totaled 78.05 billion yuan, a significant growth of 220.61 percent.
A representative example of the 679 model schools in Iraq constructed by POWERCHINA.
The company also signed contracts worth 154.80 billion yuan in water resources and environmental services and 336.03 billion yuan in urban construction and infrastructure.
POWERCHINA's commitment to sustainability and innovation is further demonstrated by its investment of 1.07 billion yuan in environmental protection and 24.75 billion yuan in research and development. The company maintains eight national-level R&D institutions and has contributed 67.84 million yuan to charitable causes supporting community initiatives.
POWERCHINA is ranked 105th on the Fortune Global 500 list, first among the Top 150 Global Design Firms by ENR, and sixth among the Top 250 Global Contractors by ENR. The company is also accelerating the digitalization of its operations, products, and management systems to enhance its competitive edge in the global market.
The Jakarta-Bandung High-Speed Railway.
