Power Construction Corporation of China - Company Profile
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Business Description
Power Construction Corporation of China (PowerChina) is primarily engaged in engineering contracting and surveying design, power investment and operation, equipment manufacturing and leasing.
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R&D Overview
PowerChina is dedicated to building national strategic assets by deeply focusing on key national R&D projects and leveraging top-tier resources. The company is making efforts to overcome key technological challenges, ensuring the approval and smooth progress of major national projects. It has expanded and improved the scope and quality of science and technology innovation platforms, establishing centers for hydropower, wind power, solar power, and energy storage technologies. The company has also been involved in the construction of national science and technology innovation platforms, resulting in the addition of national-level, provincial, and ministerial-level innovation platforms. The company has achieved significant technological innovation results, including completing special research projects, participating in innovation consortia, and leading national key R&D programs. It has been recognized with numerous awards and patents and has contributed to the development of international and national standards. The R&D units of PowerChina include the National Innovation Center for Hydropower, Wind Power, Solar Power, and Energy Storage Technologies, and the National Energy Offshore Wind Power Safety and Engineering Technology Research Center. These units are responsible for managing the company's R&D activities by focusing on technological innovation, supporting the green and low-carbon transformation of energy, and achieving the "dual carbon" goals. They also promote breakthroughs in core underlying technologies and enhance the resilience and security levels of the domestic BIM software industry chain and supply chain. As of December 2024, the company has established four national-level innovation platforms and 24 provincial and ministerial-level innovation platforms and holds 2,170 invention patents. Nine products have been recognized as the first set or first edition at the provincial and ministerial levels. Additionally, the company is actively participating in five central enterprise innovation consortia focusing on new energy storage and green hydrogen production, storage, and transportation. In FY2024, the company incurred an expense of CNY24,254.1 million on its R&D, which grew by 4.4%YoY and stood by 3.8% of its total revenue.
Business Segments
Overview
Focuses on planning, surveying, design, and construction services. Offer its services to various industries such as energy, water resources, urban infrastructure, and international engineering contracting.
Performance
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Overview
Includes equipment manufacturing and leasing, development and sales of sand and gravel aggregates, commodity trading and material sales, franchise rights and services, etc.
Performance
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Overview
Invests and operates lean energy, including wind power, solar photovoltaic power generation, and hydropower. Serves the energy industry by managing power investment projects and promoting green and low-carbon development.
Performance
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Geographical Segments
Performance
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Performance
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Performance
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