Investment Rating - The report maintains a "Buy" rating for key companies in the construction and chemical sectors, particularly focusing on those benefiting from infrastructure development in Xinjiang and coal chemical projects [10][21]. Core Insights - The year 2025 marks the 70th anniversary of the Xinjiang Uyghur Autonomous Region, with expectations for increased central government support and policies that could significantly boost the performance and valuation of companies in the region [1][2][10]. - Key investment opportunities are identified in two main areas: transportation infrastructure and coal chemical projects, with specific recommendations for companies such as China Communications Construction, North New Road Bridge, and China Chemical [2][10][21]. - The report highlights the potential for substantial investment in coal chemical projects in Xinjiang, estimating annual investments of approximately 997 billion, 2077 billion, and 2326 billion from 2025 to 2027 [2][21]. Summary by Sections Transportation Infrastructure - The report emphasizes the importance of enhancing transportation infrastructure in Xinjiang, with ongoing railway projects and expected progress on the China-Kyrgyzstan-Uzbekistan railway, which has a total investment of 8 billion USD [2][21]. - Recommended companies benefiting from this sector include Xinjiang Communications Construction, North New Road Bridge, and major players in cement and steel production [1][2][10]. Coal Chemical Projects - The report notes that Xinjiang has significant potential for coal chemical development, with over 800 billion in investments planned for ongoing and proposed projects by mid-2025 [2][21]. - Key companies in this sector include China Chemical, Donghua Technology, and Sanwei Chemical, which are expected to benefit from the acceleration of project launches and the rising demand for green methanol [2][10][21]. Valuation Reassessment - The report suggests that companies rich in mineral resources, such as China Metallurgical Group and China Railway Group, are due for a valuation reassessment due to rising prices of gold and copper amid a recovering economy [7][30]. - China Metallurgical Group's estimated value is 732 billion, with a potential upside of 64%, while China Railway Group's estimated value is 1490 billion, with a potential upside of 69% [7][30]. High Dividend Recommendations - The report highlights Sichuan Road and Bridge as a high-dividend stock, projecting a dividend yield of 6.4% for 2025, benefiting from the strategic importance of Sichuan in national infrastructure plans [8][10][21]. - Other companies recommended for their high dividend yields include China Construction and China Railway Group, with respective yields of 5% and 4.6% [6][10].

Group 1 - The core point of the article is that China Metallurgical Group Corporation (China MCC) reported a significant decrease in new contract amounts for the period from January to August 2025, with a total of RMB 679.57 billion, representing an 18.2% decline compared to the same period last year [1] - The new overseas contract amount for the same period reached RMB 64.22 billion, which shows an increase of 8.9% year-on-year [1]

Group 1 - The core point of the article is that China Metallurgical Group Corporation reported a decrease in new contract amounts for the period from January to August 2025, while overseas contracts saw an increase [1] Group 2 - The total new contracts signed by the company amounted to 679.57 billion yuan, representing an 18.2% decrease compared to the same period last year [1] - The new overseas contracts signed reached 64.22 billion yuan, which is an 8.9% increase year-on-year [1]

Group 1 - The company announced that its new contract amount for the period from January to August 2025 reached RMB 679.57 billion, representing an 18.2% decrease compared to the same period last year [1] - The new overseas contract amount was RMB 64.22 billion, which reflects an 8.9% increase compared to the same period last year [1]

Group 1 - The core point of the article is that China Metallurgical Group Corporation (China MCC) reported a decrease in new contract value for the period from January to August 2025, amounting to RMB 679.57 billion, which is an 18.2% decline compared to the same period last year [1] - The new overseas contract value for the same period reached RMB 64.22 billion, reflecting an increase of 8.9% year-on-year [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份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。 承董事會命 中國冶金科工股份有限公司 常 琦 聯席公司秘書 海外監管公告 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條而發表。 以下為中國冶金科工股份有限公司（「本公司」）於二零二 五 年 九月十二日 在 上 海 證 券 交 易 所 網 站 刊 發 的 資 料 全 文，僅 供 提 供 信 息 之 用。 中国冶金科工股份有限公司 2025 年 1-8 月新签合同情况简报 中国冶金科工股份有限公司（以下简称"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。 本公司 2025 年 1-8 月新签合同额人民币 6,795.7 亿元，较上年同期降低 18.2%， 其中新签海外合同额人民币 642.2 亿元，较上年同期增长 8.9%。 北 京， ...

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份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。 海外監管公告 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條而發表。 以下為中國冶金科工股份有限公司（「本公司」）於二零二 五 年 九月十二日 在 上 海 證 券 交 易 所 網 站 刊 發 的 資 料 全 文，僅 供 提 供 信 息 之 用。 承董事會命 中國冶金科工股份有限公司 二零二五年 九月十二日 於 本 公 告 日 期，本 公 司 董 事 會 包 括 執 行 董 事：陳 建 光 先 生 及 白 小 虎 先 生； 非 執 行 董 事：郎 加 先 生 及 閆 愛 中 先 生（職工代表董事）；以 及 獨 立 非 執 行 董 事：劉力先生、吳 嘉 寧 先 生 及 周 國 萍 女 士。 * 僅供識別 A 股简称：中国中冶 A 股代码：601618 公告编号：2025-048 关于参加中国五矿集团有限公司控股上市公司 20 ...

Group 1 - The core point of the article is that China Metallurgical Group Corporation (China MCC) reported a decrease in new contract value for the first eight months of the year, while overseas contracts saw an increase [1] Group 2 - The new signed contract amount for China MCC from January to August is 679.57 billion yuan, representing an 18.2% decrease compared to the same period last year [1] - The new signed overseas contract amount is 64.22 billion yuan, which is an 8.9% increase year-on-year [1]

中国冶金科工股份有限公司（以下简称"中国中冶"或"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。 重要内容提示： 会议召开时间：2025年9月29日（星期一）下午 15:00-17:00 会议召开地点：上证路演中心（https://roadshow.sseinfo.com）、"互动易" 平台"云访谈"栏目（https://irm.cninfo.com.cn） 会议召开方式：视频直播和网络文字互动 投资者可于2025年9月28日（星期日）16:00前通过公司邮箱ir@mccchina.com 进行会前提问。公司将在说明会上对投资者普遍关注的问题进行回复。 A 股简称：中国中冶 A 股代码：601618 公告编号：2025-048 关于参加中国五矿集团有限公司控股上市公司 2025 年半年度集体业绩说明会的公告 公司高级管理人员。 四、投资者参加方式 公司已于 2025 年 8 月 30 日发布中国中冶 2025 年半年度报告。为便于广大投资 者更全面深入地了解公司 2025 年上半年生产经营和业务展望，根据实际控制人中国五 ...

A 股简称：中国中冶 A 股代码：601618 公告编号：临 2025-049 中国冶金科工股份有限公司 2025 年 1-8 月新签合同情况简报 中国冶金科工股份有限公司（以下简称"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。 本公司 2025 年 1-8 月新签合同额人民币 6,795.7 亿元，较上年同期降低 18.2%， 其中新签海外合同额人民币 642.2 亿元，较上年同期增长 8.9%。 8 月份，本公司部分新签单笔合同额在人民币 10 亿元以上的重大工程承包合同 如下： 以上数据为阶段性数据，仅供投资者参考，最终数据以定期报告披露数据为准。 特此公告。 中国冶金科工股份有限公司董事会 2025 年 9 月 12 日 1 序 号 合同签订主体 项目（合同）名称 合同金额 1 中国五冶集团有限公司 韶关市曲江区全域土地综合整治（大塘镇 实施单元）项目 26.0 2 中国一冶集团有限公司 江陵县混空轻烃燃气建设项目（一期）工 程总承包合同 12.0 3 上海宝冶集团有限公司 山西通才工贸有限公司年产 100 万 ...