Power Construction Corporation of China: Consortium wins bidding of rail transit construction project worth about 6.185 bln yuan

NBD AI Bulletin -- Power Construction Corporation of China (SH 601669, closing price: 4.09 yuan) on January 13 announced that the Company's indirect wholly-owned subsidiary China Power Construction South Construction Investment and holding subsidiaries Sinohydro Bureau 7 Co., Ltd, Sinohydro Bureau 8 Co., Ltd, Sinohydro Bureau 11 Co., Ltd recently formed a consortium and they won the bid of the construction project of the second phase of the Shenzhen urban rail transit Line 12. The total contract amount of the project is 6.185 billion yuan.

The 2020 semiannual report shows that Power Construction Corporation of China's main business is construction contracting, other industries, power investment and operations, real estate development, equipment manufacturing and leasing, accounting for 81.72%, 6.2%, 5.74%, 4.78%, 0.91% of revenue, respectively.

Power Construction Corporation of China's chairman is Yan Zhiyong, male, 63 years old, Han nationality, master's degree, professor-level senior engineer. Power Construction Corporation of China's general manager is Ding Yanzhang, male, 57 years old, Han nationality, master's degree in management, professor-level senior engineer, bachelor's degree in hydraulic engineering machinery, master's degree in management.

(By Gao Han)

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