智通财经APP获悉，香港联交所最新资料显示，8月5日，GlC Private Limited减持中国建筑国际 (03311)47万股，每股作价11.6414港元，总金额约为547.15万港元。减持后最新持股数目约为3.69亿股， 持股比例为6.99%。 ...

香港联交所最新资料显示，8月5日，GlC Private Limited减持中国建筑国际(03311)47万股，每股作价 11.6414港元，总金额约为547.15万港元。减持后最新持股数目约为3.69亿股，持股比例为6.99%。 ...

南都·湾财社记者注意到，8月5日，深圳市宝安区应急管理局公布《宝安松岗宗地A401-0187主体工 程"4·21"一般高处坠落事故调查报告》。 调查报告显示，2025年4月21日，松岗街道宗地A401-0187主体工程项目工地发生一起高处坠落事故， 造成1人死亡。调查组认定，本起事故是一起因工人违章冒险作业、施工现场安全管理不到位造成的一 般生产安全责任事故。 据了解，该工程项目施工总承包单位为中建一局集团华南建设有限公司（以下简称"中建一局华南公 司"），专业分包单位为鸢创建设有限公司（以下简称"鸢创公司"）。 事发经过 工人作业时从电梯井坠亡 调查报告显示，涉事项目于2023年4月23日取得施工许可证，施工许可内容为主体结构工程等。事故发 生前各栋主体结构均已封顶，进行至粗装修阶段。 2024年6月，施工总承包中建一局华南公司与鸢创公司签订了《施工总承包二标段粗装修工程合同》， 将粗装修等工程专业分包给鸢创公司，合同内容主要为施工总承包二标段地下室、裙楼、塔楼的粗装修 工程（楼地面、抹灰、天棚等）。鸢创公司任命席某州为项目负责人。 2025年4月20日11时，鸢创公司抹灰工人刘某强、何某一同到6单元工地进 ...

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 截至月份: 2025年7月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國建築國際集團有限公司 呈交日期: 2025年8月1日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | 不適用 | | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 03311 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 60,000,000,000 | HKD | | 0.025 | HKD | | 1,500,000,000 | | 增加 / 減少 (-) | | | | | | | HKD | | | | 本月底結存 | | | 60,000,000,000 | HKD | | 0.025 | HKD | | 1,500,000,000 ...

Core Points - The successful topping out of the main structure of the Qindao Metro Line 15 project at the Gouchazhan station marks a significant milestone in the construction process, laying a solid foundation for subsequent engineering progress [1] - Gouchazhan station, located in the Chengyang District, is a key node in the Qingdao metro network, playing an important role in improving the urban public transport system and alleviating regional traffic pressure [1] Summary by Sections Construction Progress - The project team has effectively overcome multiple challenges since the start of construction, ensuring steady progress across various phases [1] - The complex hydrogeological conditions at the site, including a fractured rock layer over 60 meters and a 6-8 meter thick water-rich sand layer within an 80-meter range, posed significant challenges [1] - Ground grouting reinforcement measures were implemented to reduce pit risks, and the excavation plan was optimized to ensure safety during construction [1] Monitoring and Safety Measures - The construction faced severe challenges due to the proximity of existing lines, with the nearest point being only 6 meters away [1] - Over a hundred automated monitoring points were established for real-time monitoring, and excavation was conducted in a "middle to outward" sequence to minimize vibrations [1] Resource Management and Quality Control - Increased resource investment and optimized construction scheduling allowed for the completion of the complex structure in just two and a half months [2] - The project team implemented strict control over concrete raw materials, mix ratios, and construction processes to meet high-performance concrete standards [2] - The application of the "2345" work method and "small legislation + secondary distribution" mechanism effectively motivated teams and improved processes, avoiding quality issues [2] Future Plans - The project team aims to strengthen safety and quality control, refine construction process management, and maintain high standards in the ongoing work to contribute to the development of a first-class metro system [2]

Core Insights - The construction industry is officially entering a platform period, with infrastructure investment maintaining resilience but showing signs of decline in revenue among major state-owned enterprises [5][28][30] - The overall investment tone for infrastructure in the second half of 2025 will focus on stability, supported by proactive fiscal policies and accelerated government bond issuance [2][37] - Structural opportunities are emerging, particularly in manufacturing, power, water conservancy, and water transport sectors, driven by special government bonds [5][6] Industry Overview - The construction industry has seen a decline in total revenue for the first time in 2024, confirming a turning point for the industry [30] - The total revenue for the construction industry in 2024 was 86,962.78 billion, a decrease of 4.29% year-on-year, with net profit dropping by 13.74% [30][32] - The share of real estate in GDP has been declining since its peak in 2021, while infrastructure investment has been rising but not enough to offset the decline in real estate [26][28] Investment Strategy - Long-term investment should focus on manufacturing-oriented companies like Honglu Steel Structure, while short-term strategies should prioritize high-dividend stocks and significant changes in individual companies [6][7] - The report emphasizes the importance of structural opportunities in the construction sector, particularly in areas aligned with national strategic initiatives and safety capabilities [60] State-Owned Enterprises - There is a growing divergence among state-owned construction enterprises, with only a few, such as China State Construction and China Energy Engineering, showing positive growth in Q1 2024 [7][28] - The report recommends focusing on companies with strong dividend stability and growth potential, such as China Chemical Engineering and China Communications Construction [7][8] Professional Engineering and International Opportunities - The international engineering sector is expected to benefit from ongoing orders and the deepening of cooperation along the Belt and Road Initiative [8] - Companies like China National Materials and China Steel International are highlighted for their low valuations and high dividend yields, indicating strong performance potential [8] Mergers and Acquisitions - The construction industry is moving towards maturity, necessitating mergers and acquisitions to find new growth points [10] - The report anticipates that future mergers will primarily come from smaller, weaker segments of the industry, such as design and decoration [10]

Group 1 - The "Guangdong-Hong Kong Modular Construction Industry Development Week" was inaugurated in Hong Kong, marking the establishment of the Guangdong-Hong Kong-Macao Modular Construction Industry Development Alliance [1] - The development week includes various activities such as an international conference on modular construction, design workshops, and a press conference for the "Guangdong-Hong Kong Modular Construction Cross-Border Trade Guide" [1][2] - The alliance aims to integrate resources from upstream and downstream enterprises in the industry chain, promoting collaboration and complementary advantages among the Guangdong-Hong Kong-Macao regions [1][3] Group 2 - Guangdong's modular construction products are diverse, with a complete technological pathway and a comprehensive supply chain, contributing positively to Hong Kong's urban construction and livelihood [2] - The Guangdong provincial government plans to promote pilot cities for modular construction and develop a policy standard system, technological pathways, industry structure, and application scenarios unique to Guangdong [2] - The Hong Kong Development Bureau emphasizes the importance of collaboration between Guangdong and Hong Kong to establish the Greater Bay Area as a center for modular construction technology [2][3] Group 3 - The alliance is initiated by the Guangdong Provincial Housing and Urban-Rural Development Department and the Hong Kong Development Bureau, involving various enterprises, universities, research institutions, and industry associations [3] - The alliance aims to create a long-term mechanism for collaborative research on common key technologies and accelerate the transformation and application of technological achievements [3] - The first batch of "Modular Construction Manufacturer Recognition Program" certificates was awarded to eight manufacturers, enhancing the quality of modular construction products and services [3]

Group 1 - The core viewpoint is that China State Construction International (03311) is expected to perform better in terms of profit growth and cash dividend payments compared to its peers affected by infrastructure investment slowdown and local government budget challenges [1][2] - The company achieved 43.3% of its revenue from the Hong Kong and Macau markets last year, with expectations that these markets will contribute over 50% of sales by 2025 [1] - China State Construction's competitive advantage lies in its HKD 2.1 billion positive operating cash flow and a 33% cash dividend payout ratio, which is a significant attraction in the current market [1] Group 2 - The company is considered safer than its peers due to its low involvement in real estate development in mainland China, focusing mainly on infrastructure projects in Hong Kong [2] - It is anticipated that by 2025, the sales contribution from mainland China may drop below 50%, reaching 45%, while the combined contribution from Hong Kong and Macau could surpass that of mainland China [2] - Slight downward adjustments have been made to the company's 2025 sales and net profit forecasts, estimating a year-on-year growth of 13% and 10.1% respectively [2]

Core Viewpoint - The article discusses the collaborative efforts of state-owned enterprises (SOEs) in China's construction industry to implement the "Hundred Counties, Thousand Towns, and Ten Thousand Villages High-Quality Development Project," highlighting the significant progress made in rural revitalization and infrastructure improvement across Guangdong province [2][15][17]. Group 1: Project Implementation - The "Hundred Counties, Thousand Towns, and Ten Thousand Villages" project has seen the participation of various stakeholders, including government, SOEs, and private enterprises, creating a comprehensive development framework [15][17]. - China Railway (Guangzhou) Investment Development Co., Ltd. has been actively involved in the construction of 705 projects across 11 cities, with 422 completed, employing over 16,000 personnel [11][12][13]. - The project emphasizes a model of "government-led, SOE-led, with participation from private enterprises," which has been instrumental in enhancing local economies and improving rural landscapes [15][17]. Group 2: Urban and Rural Aesthetic Enhancement - The project includes initiatives for urban and rural aesthetic improvements, with a focus on integrating local cultural elements into development plans [31][32]. - In various regions, such as the "Hometown of Chinese Lobster" and "Bamboo Hometown," local cultural features have been incorporated into revitalization efforts, enhancing the unique characteristics of these areas [33][35]. - The Guangdong provincial government has issued action plans to promote urban and rural aesthetic upgrades, aiming for a significant transformation in the appearance of towns and villages [24][30]. Group 3: Economic Activation and Tourism Development - The project aims to activate local economies by introducing unique industries and enhancing tourism through cultural heritage and local resources [60][82]. - In Meizhou, the restoration of historical sites and cultural elements has been linked to the development of a "beautiful economy," attracting tourists and boosting local income [66][70]. - The integration of cultural and tourism resources has led to increased visitor numbers, with projections of over 200,000 tourists in certain areas, significantly contributing to local revenue [76][82]. Group 4: Infrastructure Improvement and Community Welfare - The construction of essential infrastructure, such as roads, sewage treatment facilities, and public spaces, has been prioritized to address community needs and improve living conditions [94][113]. - Projects like the "Seven Ones" initiative in Yangxi County have successfully enhanced local amenities, providing residents with better recreational and living environments [95][96]. - The focus on community welfare has been reinforced by rapid responses to natural disasters, ensuring the restoration of critical infrastructure and services [108][110].

为贯彻落实省 委、省政府关于 实施"百县千镇 万村高质量发展 工程"（简称"百 千万工程"）部 署要求，全面落 实《广东省推 动"百县千镇万 村高质量发展工 程"实现三年初 见成效行动方 案》，5月21-22 日，省住房城乡 建设厅在惠州市 举办广东省"百 千万工程"第三 批典型镇培育建 设及建筑业企业 助力帮扶培训班 （第一期）。培 广东举办第三批 典型镇培育建设 及建筑业企业助 力帮扶培训班_ 南方+_南方plus 训班通过政策宣 讲、专家授课、 经验分享和现场 教学等形式，指 导各地学习先进 经验、提升业务 水平，聚力推动 第三批典型镇培 育建设及建筑业 企业助力帮扶取 得扎实成效。 课。惠州市惠阳 区住房和城乡建 设局、清远市清 新区三坑镇、韶 关市新丰县遥田 镇、中国建筑第 四工程局有限公 司和中国建筑第 五工程局有限公 司分别围绕争取 专项债支持、统 筹资金建设典型 镇、整镇项目打 包和设计施工一 体、建筑业企业 助力镇村建设进 行经验分享。培 训班还播放了典 型镇培育建设工 作纪实视频，发 布了2024年建筑 业企业投身"百 千万工程"项目 范例。 4位规划建设领域专家分别围绕风貌设计、项目设计 ...