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CEEC Publishes Q1 Operational Data

China Energy Engineering Group (CEEC) on April 18 released its main operational data for the first quarter of 2024.

The group's new contract value in Q1 exceeded 367.75 billion yuan, up 23.53% year-on-year. In particular, the value of domestic contracts reached nearly 275.92 billion yuan, a year-on-year increase of 24.97%, while that of overseas contracts grew 19.38% from a year ago to hit 91.83 billion yuan.

In the first quarter, the group signed 2,368 new construction projects with a total value of nearly 315.17 billion yuan, up 10.38% year on year. The value of new survey, design and consulting projects during the same period totaled 4.61 billion yuan, and that of industrial manufacturing projects over 45.14 billion yuan, surging 582.48% from a year ago. New contracts of other businesses jumped 279.97% year on year to nearly 2.83 billion yuan.

Within the construction projects segment, new contracts for new energy and integrated smart energy projects amounted to 139.97 billion yuan; traditional energy projects were valued at 78.58 billion yuan, up 19.82% year on year; urban construction projects secured worth of nearly 46.83 billion yuan, representing a 33.75% increase compared to the same period last year. The integrated transportation sector recorded 6.07 billion yuan in new contract value. Other construction projects garnered nearly 43.72 billion yuan in new contracts, up 52.67% from a year ago.