Accelerating Recovery Across Multiple Industries

On November 26, multiple companies, including China Huadian Engineering, Jincheng Trust, Hengshang Energy Saving, North Self Technology, and Zhonghe Technology, disclosed new contract orders, capturing market attention.

In fact, these cases are just a snapshot of the recent surge of important contract signings and project bids announced by listed companies. According to incomplete statistics from the Shanghai Securities Journal, since October this year, over 200 listed companies have released updates on their recently signed orders and contracts, providing timely insights into their operating dynamics.

When examined in detail, the new orders from these 200-plus companies are primarily concentrated in the sectors of construction and decoration, power equipment, machinery, and computers, indirectly indicating a rebound in these industries.

Large Orders Across Multiple Industries

Under the guidance of policies aimed at stabilizing growth, many regions have intensified the construction and investment in major projects, particularly in infrastructure, as we enter the fourth quarter. This has led to listed companies securing substantial orders, including several that are worth billions.

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Shanghai Construction Group announced that it has recently received notification of winning the bid for the construction general contracting of the Terminal Area project for the fourth phase expansion of Shanghai Pudong International Airport (excluding civil aviation professional engineering). The project bid amount is 16.977 billion yuan, with a planned duration of 1,288 calendar days.

As a frequent contender on the "billion-dollar order list," China State Construction has recently secured multiple significant projects in both building construction and infrastructure sectors. The company announced at the end of October that it has won five major projects, with a cumulative bid amount reaching 21.05 billion yuan. Notably, China State Construction's Eighth Engineering Division won the bid for the infrastructure construction project (Phase I) of the Future Industrial Park in Zaozhuang High-tech Zone, Shandong, with a bid amount of 11 billion yuan.

Companies such as Anhui Construction and Huitong Group have also secured large contracts worth billions for their future operational development.

Benefiting from the accelerated growth in power grid investment, several power equipment companies have seen consecutive wins in bids. Pinggao Electric announced on November 5 that it has recently won several projects from the State Grid, with a cumulative bid amount of approximately 1.959 billion yuan, accounting for 17.68% of its 2023 revenue. "Upon signing the relevant projects, the execution of these contracts will positively impact the company's future operational development," Pinggao Electric stated.

As a core supplier of marine and land cables in China, Dongfang Cable has recently reported winning significant orders in succession. According to a recent announcement, the company and its subsidiary Dongfang Marine Technology Institute have been confirmed as the winning bidders for underwater cable-related projects, with a total bid amount of approximately 4 billion yuan, accounting for about 54.7% of the company's revenue for 2023.

With strong demand in the computing power market, many companies have secured contracts related to computing power services. On November 25, Maxinlin announced that its holding subsidiary signed a sales contract for computing power amounting to approximately 360 million yuan. This order value has already surpassed the company's total revenue for 2023. Maxinlin indicated that if this sales contract is fulfilled smoothly, it is expected to have a positive impact on the company's performance from 2024 to 2025, thereby enhancing its ongoing profitability and core competitiveness.

Additionally, Hongjing Technology recently signed its third computing power service contract, with a contract amount of 408 million yuan. Since October, Hongjing Technology's total signed computing power service contract amount has reached 1.303 billion yuan.

In the rail transit sector, there have also been noteworthy achievements. Zhonghe Technology recently announced that it won the bid for the "Hangzhou Urban Rail Transit Line 18 Phase I Signal System and Platform Door System Tender Project," with a bid amount of 537 million yuan. Consequently, the company's total winning bid amount in the intelligent transportation sector for this year has reached approximately 2.227 billion yuan.

Frequent Overseas Order Acquisitions

Benefiting from heightened demand in overseas markets, many listed companies have secured international orders based on their capabilities, showcasing China's improving international competitiveness.

On November 25, Enjie announced that its holding subsidiary, Shanghai Enjie, has reached a global strategic cooperation framework agreement with Yiwei Lithium Energy, which is expected to procure not less than 3 billion square meters of battery separators from Shanghai Enjie and its affiliates in Southeast Asia, Europe, and other markets between 2025 and 2031, based on actual orders.

"The signing of this agreement will help enhance the company's market expansion capabilities, comprehensive strength, and internationalization level in the global lithium battery separator industry," Enjie stated. As a leading enterprise in the lithium battery separator sector, Enjie is actively expanding both domestic and international markets and is especially increasing its overseas production capacity to meet the demand for its highly consistent, safe wet separator products and services from globally prominent lithium battery clients.

Cmic International disclosed in its announcement regarding signed operational contracts that its wholly-owned subsidiary, Suzhou Cmic Construction Co., Ltd., has signed the general contracting agreement for the 1,000MW Solar Power Project in Al-Qut, Iraq, with a contract amount of 351.5 million USD and an expected contract duration of not less than 21 months.

According to incomplete statistics from reporters, since October, over 20 listed companies, including Samsung Medical, Hanyu Pharmaceutical, and Shuangliang Energy Saving, have disclosed their overseas orders, representing a vivid example of Chinese companies expanding exports.

For instance, Samsung Medical announced on November 16 that it won the bid for the modernization and sustainable development project of the Kyrgyz Ministry of Energy, procuring automated metering devices with MDMS functionality, with a total contract amount of 14.0589 million USD, approximately equivalent to 102 million yuan. It is reported that Samsung Medical has established an efficient and robust global marketing and operational system, with its overseas sales network spreading across more than 70 countries and regions worldwide. As of September 30, 2024, Samsung Medical has accumulated a total backlog of 15.62 billion yuan in orders, with a year-on-year growth of 35.18%. Of this, overseas accumulated orders account for 6.246 billion yuan, also showing a year-on-year growth of 35.30%, reflecting rapid business growth.

On November 15, China Metallurgical Group released a report on its new contract situations for the first ten months, indicating that from January to October this year, it signed new contracts amounting to 957.81 billion yuan, with the new overseas contract amount reaching 66.32 billion yuan, marking a remarkable year-on-year increase of 90.9%.