Core Viewpoint - China Railway (00390.HK) experienced a significant increase in stock price, rising over 6% in early trading, indicating positive market sentiment towards the company [1] Group 1 - The stock price of China Railway reached 4.1 HKD, reflecting a gain of 5.94% at the time of reporting [1] - The trading volume for China Railway was recorded at 132 million HKD, suggesting active investor interest [1]

Core Viewpoint - China Railway (00390) experienced a significant stock price increase, rising over 6% in early trading, attributed to recent major project wins totaling approximately 502.15 billion RMB, which represents 4.34% of the company's projected revenue for 2024 under Chinese accounting standards [1][1][1] Group 1 - China Railway's stock price rose by 5.94%, reaching 4.1 HKD, with a trading volume of 132 million HKD [1][1] - The company recently won bids for 11 major projects, with a total bid amount of 502.15 billion RMB [1][1] - The bid amount constitutes about 4.34% of the company's expected revenue for 2024 [1][1] Group 2 - According to Changjiang Securities, China Railway currently has investments in five modernized mines, either wholly-owned, controlled, or partially owned [1][1] - The company's mineral resources business is operating steadily, indicating potential for resource revaluation [1][1]

Core Viewpoint - China Railway Group Limited (601390) saw its stock price increase by over 6% in early trading, reflecting positive market sentiment following the announcement of winning significant contracts [1] Group 1: Financial Performance - The company recently announced it has won 11 major engineering contracts, with a total bid amount of 50.215 billion RMB, which represents approximately 4.34% of the company's projected revenue for 2024 under Chinese accounting standards [1] Group 2: Business Operations - Longjiang Securities highlighted that China Railway currently has five modernized mines that are fully owned, controlled, or partially owned, indicating a strong presence in the mining sector [1] - The company's mineral resources business is operating steadily, suggesting a robust operational performance in this segment [1] - There is an ongoing focus on the revaluation of the company's mineral resources, which may present further investment opportunities [1]

Core Insights - The overall inter-regional mobility during the National Day and Mid-Autumn Festival holiday is expected to exceed 300 million trips, marking a year-on-year increase of 5.9% [1] - Railway passenger flow remains high, with an estimated 18.25 million passengers expected to be sent on October 3, alongside the addition of 929 passenger trains [1] - The opening of new railway lines has significantly improved travel convenience, reducing travel time between cities and creating new regional tourism pathways [1] Railway Industry Developments - The newly opened Shenyang-Baihe high-speed railway allows travel from Xinbin to Tonghua in just 20 minutes, facilitating quick visits for social gatherings [1] - In Hubei province, the launch of the Xiangjing high-speed railway enables rapid travel from Xiangyang to Jingmen in half an hour, contributing to the establishment of Hubei's first high-speed railway loop [1] - The opening of the Xiangjing high-speed railway has led to a 50% increase in visitor numbers for paragliding experiences in the Dongbao District of Jingmen, with over 200,000 visitors recorded [1]

股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 致：香港交易及結算所有限公司 公司名稱: 中國中鐵股份有限公司 呈交日期: 2025年10月3日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00390 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 4,207,390,000 | RMB | | 1 RMB | | 4,207,390,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 4,207,390,000 | RMB | | 1 RMB | | 4,207,390,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | ...

Group 1 - Recent global copper production has faced significant disruptions due to natural disasters, with Freeport's Grasberg mine in Indonesia expected to see a 35% drop in copper output by 2026, translating to a reduction of 270,000 tons from previous plans [1] - The Kamoa-Kakula mine in the Democratic Republic of Congo has reduced output by 150,000 tons due to seismic activity, while Chile's El Teniente mine has halted production due to a collapse [1] - Following these disruptions, U.S. copper stocks saw gains, with Hudbay Minerals rising nearly 8%, and copper futures on COMEX increased by 2.94% to $4.9120 per pound [1] Group 2 - Bank of America forecasts that operational issues at major copper mines will lead to lower actual production in the next two years, with a supply gap of 270,000 tons expected next year due to the Grasberg mine's shutdown [2] - European demand is recovering, and Chinese demand is stabilizing, putting pressure on copper supply, prompting an upward revision of copper price forecasts to $11,313 per ton for next year and $13,500 per ton for 2027 [2] Group 3 - Goldman Sachs indicates that upgrades in electrical grids and AI demand will drive copper prices higher [3] - Huatai Securities notes that while supply disruptions have been frequent since 2025, the most significant impacts are from the Kamoa-Kakula and Grasberg mines, with a potential combined supply reduction of 400,000 tons by 2026, which could significantly improve the copper supply-demand balance [3] - The expectation of increased copper demand due to AI infrastructure, along with ongoing supply disruptions and a favorable monetary environment, suggests a potential bullish trend for copper prices [3] Group 4 - Related companies in the copper mining sector include Luoyang Molybdenum (03993), Zijin Mining (02899), China Nonferrous Mining (01258), Minmetals Resources (01208), Jiangxi Copper (00358), and China Railway (00390) [4]

关于回购注销部分限制性股票减资 登录新浪财经APP 搜索【信披】查看更多考评等级 H股代码：00390 H股简称：中国中铁 A股代码：601390 A股简称：中国中铁 公告编号：临2025-053 中国中铁股份有限公司 暨通知债权人的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或者重大遗漏，并对其内容 的真实性、准确性和完整性承担法律责任。 一、通知债权人的原因 中国中铁股份有限公司（以下简称"公司"）于2025年9月29日召开第六届董事会第十五次会议，审议通 过了《关于回购注销中国中铁2021年限制性股票激励计划部分限制性股票的议案》。 公司2021年限制性股票激励计划第三个解除限售期所设定的公司层面业绩考核指标条件未达成，公司董 事会审议决定对678名激励对象持有的已获授但未满足第三个解除限售条件的限制性股票共计54,786,990 股进行回购注销。具体内容详见公司同日披露的《中国中铁股份有限公司关于2021年限制性股票激励计 划第三个解除限售期解除限售条件未成就暨回购注销部分限制性股票的公告》（公告编号：临2025- 052）。 本次回购注销完成后，公司总股本将由24,741 ...

Core Points - China Railway announced a plan to repurchase and cancel a total of 54,786,990 restricted stocks from 678 incentive recipients who have not met the third vesting condition of the 2021 restricted stock incentive plan [2] - The repurchase includes all restricted stocks from 628 first-time grant recipients, totaling 50,813,003 shares, and from 50 reserved incentive recipients, totaling 3,973,987 shares [2]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國中鐵股份有限公司於2025年9月29日在上海證券交易所網站刊登的「中國中鐵 股份有限公司關於回購註銷部分限制性股票減資暨通知債權人的公告」，僅供參閱。 承董事會命 中國中鐵股份有限公司 陳文健 董事長 2025年9月29日 於本公告日期，本公司的執行董事為陳文健先生（董事長）及王士奇先生；本公司的非執 行董事為文利民先生及房小兵先生；本公司的獨立非執行董事為修龍先生、孫力實女士 及屠海鳴先生。 | A | 股代码：601390 | A | 股简称：中国中铁 | 公告编号：临 | 2025-053 | | --- | --- | --- | --- | --- | --- | | H | 股代码：00390 | H | 股简称：中国中铁 | | | 中国中铁股份有限公司 关于回购注销部分限制性股票减资暨通知债权人的公告 本公 ...

承董事會命 中國中鐵股份有限公司 陳文健 董事長 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其 準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部分內容 而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列中國中鐵股份有限公司於2025年9月29日在上海證券交易所網站刊登的「中國中鐵 股份有限公司第六屆董事會第十五次會議決議公告」，僅供參閱。 2025年9月29日 於本公告日期，本公司的執行董事為陳文健先生（董事長）及王士奇先生；本公司的非執 行董事為文利民先生及房小兵先生；本公司的獨立非執行董事為修龍先生、孫力實女士 及屠海鳴先生。 | A H | | | | --- | --- | --- | | 股代码：601390 股代码：00390 | | | | H 股简称：中国中铁 | 股简称：中国中铁 A | | | | | 公告编号：临 2025-051 | 中国中铁股份有限公司 第六届董事会第十五次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性 ...