On the occasion of the tenth anniversary of the proposal of the Belt and Road Initiative, this national strategy is heading towards a new stage of high-quality development. As the cooperation field expands from traditional infrastructure to new areas such as green energy and digital economy, related A-share listed companies have ushered in unprecedented development opportunities. This article will deeply analyze three leading companies with core competitiveness in their respective fields and tap their growth potential and investment value.

China Communications Construction (): "national team" and integrators in the global infrastructure field

As the absolute leader of the "Belt and Road" initiative, China Communications Construction is realizing a strategic transformation from a "builder" to a "investor, developer and operational integrator in the global infrastructure field." This shift has enabled it to establish a differentiated advantage in the highly competitive international market.

The company's core competitiveness is reflected in its "big transportation" and "big city" strategy. The business scope covers all areas of sea, land and air, from traditional ports and highways to airports, railways, urban rail transit, to urban complex development and basin governance. This all-round player has shown strong advantages when connecting with the overall planning of countries along the route.

What is more strategic is its integrated model of "investment, construction and operation". This model has enabled the company to upgrade from a simple engineering contractor to a comprehensive service provider that drives project construction through investment and participates in later operations. This model not only brings longer-term and more stable operational benefits, but also effectively smooths the cyclical fluctuations of traditional engineering businesses and improves the overall profit margin.

In terms of profit growth points, the company benefits from sufficient overseas order reserves in the short term, which will gradually be converted into revenue and profits in the next 1-3 years. In the medium term, the income contribution of operating assets will continue to increase, and stable cash flow will improve the company's financial situation. In the long run, under the background of the "Green Silk Road" and the "Digital Silk Road", the company has actively entered new infrastructure fields such as new energy infrastructure and smart cities, and has continuously opened up new growth ceilings.

TBE Electric (): The stealth champion of "green energy" and "high-end manufacturing" dual-wheel drive

TB Electric's growth logic transcends traditional power grid equipment vendors and perfectly fits the general trend of the transformation of "Belt and Road" cooperation to green and technological. With the "dual main business" coordinated development strategy, the company has formed strong competitiveness in the two major areas of power transmission and transformation equipment and new energy system integration.

The company's technical moat is its biggest advantage. In the field of ultra-high voltage transmission technology, TB Electric is a global leader, and this technology has become one of the few high-end technologies in China that masters and formulates international standards. When countries along the route conduct long-distance and large-capacity power grid interconnection and upgrade, the company's technical solutions naturally become the first choice.

The layout of the entire industrial chain is another major competitive advantage. From polysilicon production, to transformers, wires and cables, to photovoltaic and wind power EPC engineering general contractors, the company can provide overall solutions from energy production, transmission to utilization. This one-stop service capability is extremely attractive in overseas markets.

Profit growth points are clear and clear. In the field of power transmission and transformation, the common problems of old power grids and shortage in countries along the route have created huge demand for power grid transformation, and the high gross profit margins of overseas projects have become an important contributor to profits. In the field of new energy, as a polysilicon material manufacturer, the company makes full use of the world's most promising emerging photovoltaic market along the "Belt and Road" to achieve rapid growth. In the future, the company can also further improve its profitability by providing value-added services such as intelligent operation and maintenance of the power grid, energy management, etc.

Beibu Gulf Port (): The core hub of the "New International Land-Sea Trade Channel"

The growth potential of Beibu Gulf Port is directly benefited from the national top-level design, and its strategic value is continuously magnified in the construction of the "Belt and Road" and the "New Western Land-Sea Corridor". The company's unique location monopoly advantage makes it the most convenient sea access channel in southwest and central and southern my country, and is also an important connection point between the Maritime Silk Road and the Silk Road Economic Belt.

The company implements the development strategy of "using both soft and hard". In terms of hardware, we will continue to invest funds in the construction of deep-water waterways and professional berths to improve throughput capabilities. In terms of software, we will vigorously develop smart ports and automated terminals, improve operational efficiency, promote "one-stop" customs clearance and data exchange with customs and railways, and optimize the entire logistics chain.

What is more strategic is its integrated development model of "Hong Kong-Air-Road-Park". The company not only does terminal business, but also actively expands the development of shipping branch lines, railway logistics and port industrial parks, penetrates the business into the entire supply chain, significantly improving the comprehensive income capacity.

Profit growth comes from multiple driving forces. First, throughput growth is highly certain, and the company will benefit directly as China-ASEAN trade continues to heat up and cargo volumes in the central and western regions are steadily growing. Secondly, the optimization of the business structure has brought about an increase in profit margins, and the proportion of high-gross-margin container business continues to increase, optimizing the overall profit level. Finally, by providing value-added services such as warehousing, distribution, and supply chain finance, the company is opening up new sources of profits, with profit margins far higher than traditional port businesses.

Investment prospects and risk warnings

According to comprehensive analysis, the three companies represent opportunities in different dimensions of the "Belt and Road". China Communications Construction is the foundation and guarantee, TBE is the direction of transformation and innovation, and Beibu Gulf Port is a microcosm of smooth trade and regional development. Investors can choose according to their own risk preferences: if you pursue stable value-added, you can pay attention to China Communications Construction; if you are optimistic about technology and green themes, you can focus on TBE electricians; if you are optimistic about China-ASEAN trade prospects, you can focus on Beibu Gulf Port.

It should be wary of that overseas businesses still face risks such as geopolitical, exchange rate fluctuations, and project execution. Investors should pay close attention to the company's overseas order quality, cash flow status and risk management capabilities.

As the Belt and Road Initiative moves towards a new stage of high-quality development, these leading companies with core competitiveness are expected to continue to benefit and bring long-term returns to investors. In the new decade of jointly building the "Belt and Road", these companies are not only participants in business, but also practitioners of building a community with a shared future for mankind.