Core Viewpoint - China Railway (00390) has recently won several major engineering projects, with a total bid amount of approximately RMB 43.292 billion, which accounts for about 3.74% of the company's projected revenue for 2024 under Chinese accounting standards [1]. Group 1: Engineering Projects - The company won the bid for the Dongjiakou to Wulian Railway and Jiaoxin Railway capacity expansion project, with a bid amount of RMB 642.713 million and a duration of 913 calendar days [1]. - The company secured the new Luan to Anqing Railway station front and related electrical engineering project, with a bid amount of RMB 614.795 million and a duration of 1826 calendar days [1]. - The company was awarded the new Yichang to Xudong Railway Hunan section station front project, with a bid amount of RMB 596.516 million and a duration of 1461 calendar days [1]. - The Guangzhou East Station renovation and construction project, with a total bid amount of RMB 481.039 million and a duration of 2009 calendar days, was also won by the company [1]. - The new Bomi to Ranwu Railway station front project was awarded to the company, with a bid amount of RMB 475.832 million and a duration of 2190 calendar days [1]. - The company won the bid for the Chongqing to Qianjiang Railway station building and supporting comprehensive transportation hub project, with a bid amount of RMB 302.328 million and a duration of 1096 calendar days [1]. - The Beijing suburban railway northeast ring line project was awarded to the company, with a bid amount of RMB 264.561 million and a duration of 913 days [1]. - The new Jiaozuo to Pingdingshan Railway station front project was secured, with a bid amount of RMB 224.447 million and a duration of 1247 calendar days [1]. Group 2: Other Engineering Projects - The company won the G4001 connection line project, with a bid amount of RMB 316.625 million [1]. - The company was awarded the G0611 line from Chuanmaster to Wenchuan section highway project, with a bid amount of RMB 171.089 million [1]. - The company secured the G217 line construction project from Shache to Tashkurgan County, with a bid amount of RMB 103.002 million and a duration of 60 months [1]. - The company won the Guangxi Nanning Yongbei Irrigation District project, with a bid amount of RMB 136.285 million and a duration of 2253 calendar days [1].

Core Viewpoint - China Railway (601390) has recently won several major engineering projects, with a total bid amount of approximately RMB 43.292 billion, accounting for about 3.74% of the company's projected revenue for 2024 under Chinese accounting standards [1] Group 1: Railway Projects - China Railway's subsidiaries have secured contracts for the Dongjiakou to Wulian Railway and the Jiaoxin Railway capacity expansion project, with a bid amount of RMB 642.713 million and a construction period of 913 calendar days [1] - Additional contracts include the new Luan to Anqing Railway and related electrical engineering, with a bid of RMB 614.795 million and a duration of 1826 calendar days [1] - The new Yichang to Changde Railway (Hunan section) has been awarded with a bid of RMB 596.516 million, scheduled for 1461 calendar days [1] Group 2: Road Projects - The G4001 connection line project has been awarded to China Railway's subsidiaries, with a bid amount of RMB 316.625 million [1] - The G0611 line from Chuanmaster to Wenchuan has a bid of RMB 171.089 million, with a specified duration [1] - The construction project for the G217 line from Shache to Tashkurgan County has been awarded with a bid of RMB 103.002 million, scheduled for 60 months [1] Group 3: Municipal and Other Projects - China Railway has also won the contract for the Yongbei Irrigation District project in Nanning, Guangxi, with a bid amount of RMB 136.285 million and a construction period of 2253 calendar days [1]

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2026年1月29日在上海證券交易所網站刊登的「中國中鐵 股份有限公司重大工程中標公告」，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 2026年1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2026-009 | | --- | --- | --- | | H股代码：00390 | H 股简称：中国中铁 | | | 11 中铁六局 | G217 线莎车至塔什库尔干县公路建设项目（第一 | 103,002 | | 60 个月 | | --- | --- | --- | --- | -- ...

中国中铁股份有限公司 重大工程中标公告 本公司董事会及其董事保证本公告所载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 性负个别及连带责任。 | A股代码：601390 | A | 股简称：中国中铁 | 公告编号：临2026-009 | | --- | --- | --- | --- | | H股代码：00390 | H | 股简称：中国中铁 | | 上述工程中标价合计约人民币 4,329,232 万元，约占本公司中国 会计准则下 2024 年营业收入的 3.74%。 特此公告。 中国中铁股份有限公司董事会 2026 年 1 月 30 日 近期，本公司中标以下重大工程： | | | | 单位：万元 币种：人民币 | | | | --- | --- | --- | --- | --- | --- | | 序号 | 中标单位 | 中标项目 | 本公司中标 金额 | | 工期 | | 铁路工程 | | | | | | | 1 | 中铁一局、中铁 四局、中铁十局、 | 董家口至五莲铁路及胶新铁路扩能改造工程站 前工程 DWSG-1 标段、DWSG-2 标段、DWSG-3 标段、 ...

Core Viewpoint - China Railway has recently won several major engineering contracts, totaling approximately 432.92 billion yuan in bid amounts, indicating strong growth and opportunities in the infrastructure sector [1]. Group 1: Railway Projects - The company secured contracts for the Dongjiakou to Wulian Railway and Jiaoxin Railway expansion, with a total bid amount of 64.27 billion yuan [1]. - New contracts for the Liu'an to Anqing Railway and related electrical engineering projects amounted to 61.48 billion yuan [1]. - Contracts for the Yichang to Changde Railway in Hunan and Hubei sections totaled 59.65 billion yuan [1]. - The Guangzhou East Station renovation and related construction contracts were awarded for 48.10 billion yuan [1]. - The new railway from Bomi to Ranwu received a bid amount of 47.58 billion yuan [1]. - The Chongqing to Qianjiang Railway station and transportation hub contracts totaled 30.23 billion yuan [1]. - The Beijing suburban railway northeast ring line contracts amounted to 26.46 billion yuan [1]. - The Jiaozuo to Pingdingshan Railway contracts totaled 22.44 billion yuan [1]. Group 2: Highway Projects - The company won the G4001 connection line project with a bid amount of 31.66 billion yuan [1]. - The G0611 line from Chuanzhusi to Wenchuan received a bid of 17.11 billion yuan [1]. - The G217 line project from Shache to Tashkurgan County was awarded 10.30 billion yuan [1]. Group 3: Municipal and Other Projects - The company also secured the Nanning Yongbei irrigation project in Guangxi with a bid amount of 13.63 billion yuan [1].

Summary of Key Points Core Viewpoint - As of January 29, a total of 185 stocks reached their 52-week highs, indicating a strong market performance with notable gains in specific companies such as AV Planning Promotion, WT Group, and Spring Energy Holdings, which led the high achievers with significant percentage increases [1]. Group 1: Top Performers - AV Planning Promotion (08419) achieved a closing price of 0.092 with a peak of 0.190, marking a 91.92% increase [1]. - WT Group (08422) closed at 0.187, reaching a high of 0.230, reflecting a 79.69% increase [1]. - Spring Energy Holdings (08430) had a closing price of 0.160 and a peak of 0.295, resulting in a 46.77% increase [1]. Group 2: Other Notable Stocks - Tongyuan International (03830) reached a 25% increase with a closing price of 0.100 and a peak of 0.110 [1]. - Zhangli International (01693) saw a 24.15% increase, closing at 4.800 with a peak of 5.090 [1]. - Weili Life Technology (01703) achieved a 20% increase, closing at 0.110 with a peak of 0.150 [1]. Group 3: Additional Highs - Huashang Energy (00206) closed at 0.620, maintaining a peak of 0.620, with a 19.23% increase [1]. - MINIMAX-WP (00100) reached a peak of 590.000, closing at 500.000, reflecting an 18% increase [1]. - Shengxing Holdings (01472) closed at 0.106 with a peak of 0.116, marking a 16% increase [1]. Group 4: 52-Week Lows - Aigo Group (00328) reached a low of 0.600, reflecting a -29.91% decrease [5]. - Bojun Education (01758) saw a low of 0.070, indicating a -19.54% decrease [5]. - Hanyuan Holdings (00439) recorded a low of 0.960, resulting in a -7.69% decrease [5].

国泰海通证券研报指出，中国中铁铜、钴、钼保有储量国内领先，铜、钼产能国内前列。2025年新签订 单增长1%，其中海外订单增长 17%。维持"增持"评级及目标价9.07元。假设2025 下半年中铁资源利润 与上半年相同，以全年51.6亿元计，按照紫金矿业和江西铜业平均估值24.6倍，公司矿产资源业务可比 市值1269亿元，公司总市值1432亿元，相当于建筑业务市值163亿元，建筑业务PE约0.8倍。2025新签订 单规模同比增加1.3%。境外业务同比增加16.5%。全面推进"人工智能+"专项行动，承建海南商业航天 发射场项目。 ...

国泰海通证券研报指出，中国中铁铜、钴、钼保有储量国内领先，铜、钼产能国内前列。2025年新签订 单增长1%，其中海外订单增长 17%。维持"增持"评级及目标价9.07元。假设2025 下半年中铁资源利润 与上半年相同，以全年51.6亿元计，按照紫金矿业和江西铜业平均估值24.6倍，公司矿产资源业务可比 市值1269亿元，公司总市值1432亿元，相当于建筑业务市值163亿元，建筑业务PE约0.8倍。2025新签订 单规模同比增加1.3%。境外业务同比增加16.5%。全面推进"人工智能+"专项行动，承建海南商业航天 发射场项目。 ...

Core Insights - The main focus of the news is the significant outflow of capital from various stocks, indicating a potential shift in investor sentiment and market dynamics. Group 1: Stock Performance and Capital Outflow - Industrial Fulian experienced the highest capital outflow of 5.09%, totaling 5.444 billion yuan [1][2] - Sunshine Power saw a capital outflow of 1.558 billion yuan with a decline of 4.92% [1][2] - China Aluminum had a capital outflow of 1.452 billion yuan, but its stock price increased by 3.49% [1][2] - Tongling Nonferrous Metals recorded a capital outflow of 1.204 billion yuan with a notable increase of 10.06% in stock price [1][2] - Semiconductor company SMIC faced a capital outflow of 1.109 billion yuan, with a decrease of 4.2% [1][2] Group 2: Sector Analysis - The consumer electronics sector, represented by Industrial Fulian and Luxshare Precision, showed significant capital outflows of 5.444 billion yuan and 1.068 billion yuan respectively [1][2] - The photovoltaic equipment sector, represented by Sunshine Power, experienced a capital outflow of 1.558 billion yuan [1][2] - The non-ferrous metals sector, including China Aluminum and Tongling Nonferrous Metals, had mixed results with capital outflows of 1.452 billion yuan and 1.204 billion yuan respectively [1][2] - The semiconductor sector, represented by SMIC, faced a capital outflow of 1.109 billion yuan [1][2] Group 3: Additional Stock Movements - Other notable stocks with significant capital outflows include: - Luoyang Molybdenum with 1.080 billion yuan and a slight decrease of 0.04% [1][2] - Hunan Silver with a capital outflow of 1.062 billion yuan and an increase of 4.95% [1][2] - Xiamen Tungsten with a capital outflow of 0.821 billion yuan and a decline of 7.11% [1][3] - The electronics components sector, represented by Huadian Co. and Shenghong Technology, also saw capital outflows of 0.895 billion yuan and 0.740 billion yuan respectively [1][3]

Group 1 - The Spring Festival travel season in 2026 will last for 40 days, starting from February 2 and ending on March 13 [1] - The total cross-regional population flow is expected to reach 9.5 billion person-times, marking a historical high, with self-driving trips accounting for approximately 80% of the total [2] - Railway and civil aviation passenger volumes are projected to reach 540 million and 95 million respectively, with both overall scale and daily peak expected to exceed historical levels [2] Group 2 - From February 15 to February 23, highways will waive tolls for small passenger vehicles with 7 seats or fewer [3] - The China National Railway Group will implement a new policy for free refunds on mistakenly purchased tickets, which will become a regular practice [3]