毛里塔尼亚位于非洲西北部，大约80%的国土被撒哈拉沙漠覆盖，气候干旱少雨。努瓦克肖特150多万 居民的用水主要来自塞内加尔河，再经贝尼纳吉水厂处理后输送到努瓦克肖特。每年雨季到来时，河水 泥沙含量骤增，水厂处理能力不足，首都居民常面临缺水问题。为此，毛里塔尼亚政府决定在贝尼纳吉 水厂前端增设原水预处理系统，并将这一民生工程的建设交给中国企业。 这座现代化原水预处理站设计日处理能力达25.5万立方米，配套6组高密度沉淀池、中控室、进出水构 筑物等设施，从动工到全面投运仅耗时7个月。毛里塔尼亚水利部长顾问西迪·拉明说，项目投运后，即 便在雨季塞内加尔河河水浊度大幅波动情况下，政府仍能保障沿线及首都居民饮水安全。他们计划在全 国范围内推广这一经验。 夜色已深，毛里塔尼亚水利部长阿玛勒·穆卢德仍站在特拉扎区贝尼纳吉原水预处理站的操作平台上静 静等待。看着6组高密度沉淀池全部投入试运行，监测屏幕上出水浊度降至113NTU（浊度单位），她 长舒一口气，微笑着向技术人员竖起大拇指。 8月7日，由中国电建集团旗下企业承建的贝尼纳吉原水预处理项目顺利通过毛里塔尼亚方面的验 收。"该项目是经多方论证，由中国企业团队实施的最优水处 ...

毛里塔尼亚位于非洲西北部，大约80%的国土被撒哈拉沙漠覆盖，气候干旱少雨。努瓦克肖特150多万 居民的用水主要来自塞内加尔河，再经贝尼纳吉水厂处理后输送到努瓦克肖特。每年雨季到来时，河水 泥沙含量骤增，水厂处理能力不足，首都居民常面临缺水问题。为此，毛里塔尼亚政府决定在贝尼纳吉 水厂前端增设原水预处理系统，并将这一民生工程的建设交给中国企业。 这座现代化原水预处理站设计日处理能力达25.5万立方米，配套6组高密度沉淀池、中控室、进出水构 筑物等设施，从动工到全面投运仅耗时7个月——今年1月破土动工，3月进入主体结构施工，6月中旬完 成主体工程，7月底完成调试。毛里塔尼亚水利部长顾问西迪·拉明说，项目投运后，即便在雨季塞内加 尔河河水浊度大幅波动情况下，政府仍能保障沿线及首都居民饮水安全，他们计划在全国范围内推广这 一经验。 新华社努瓦克肖特8月20日电 通讯｜中国方案助力破解毛里塔尼亚首都缺水之困 新华社记者司源 夜色已深，毛里塔尼亚水利部长阿玛勒·穆卢德仍站在特拉扎区贝尼纳吉原水预处理站的操作平台上静 静等待。看着6组高密度沉淀池全部投入试运行，监测屏幕上出水浊度降至113NTU（浊度单位），她 长舒一口气 ...

Core Viewpoint - China Electric Power Construction (中电建) has established a new pumped storage company, which includes tourism development project planning and consulting services [1] Group 1: Company Overview - The newly established company is named China Electric Power Construction (Lianshan) Pumped Storage Co., Ltd. [1] - The legal representative of the company is Peng Qingyun [1] - The registered capital of the company is 30 million yuan [1] Group 2: Business Scope - The business scope of the company includes hydropower generation, power generation business, transmission business, and supply (distribution) business [1] - The company also offers wind power generation technology services and tourism development project planning consulting [1] - Water resource management is another area of focus for the company [1] Group 3: Ownership Structure - The company is indirectly controlled by China Electric Power Construction (601669) [1]

Group 1 - Recently, China Electric Power Construction (Lianshan) Pumped Storage Co., Ltd. was established with a registered capital of 30 million yuan [1] - The legal representative of the new company is Peng Qingyun [1] - The business scope includes hydropower generation, power generation, transmission, distribution, wind power technology services, tourism project planning and consulting, and water resource management [1] Group 2 - The company is indirectly controlled by China Electric Power Construction [1]

从中证华夏经济蓝筹股票指数持仓的市场板块来看，上海证券交易所占比57.87%、深圳证券交易所占 比42.13%。 从中证华夏经济蓝筹股票指数持仓样本的行业来看，工业占比18.68%、可选消费占比16.16%、信息技 术占比13.65%、通信服务占比10.08%、原材料占比9.82%、主要消费占比8.99%、金融占比7.49%、房地 产占比6.16%、医药卫生占比4.18%、公用事业占比2.55%、能源占比2.24%。 据了解，中证华夏经济蓝筹股票指数分行业选取一定数量财务基本面良好的蓝筹证券作为指数样本，行 业权重根据各行业对国民经济的贡献度进行分配，行业内样本根据财务基本面综合得分加权，以综合反 映国民经济产业结构变迁及发展趋势。该指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证华夏经济蓝筹股票指数十大权重分别为：中国建筑（2.64%）、中国中免 （2.35%）、牧原股份（2.23%）、温氏股份（1.92%）、神州数码（1.85%）、保利发展（1.85%）、中 国电信（1.85%）、中国中铁（1.64%）、招商银行（1.52%）、中国电建（1.42%）。 资料显示，指数样本 ...

图为无人机拍摄的F0标段公路实景。（图片由项目承建方提供） 图为无人机拍摄的F0标段公路实景。（图片由项目承建方提供） 格鲁吉亚总理伊拉克利·科巴希泽在通车仪式上强调了该高速公路的战略意义。他说："该项目是实现我 们战略目标的又一重要步骤——使格鲁吉亚成为连接欧亚的快捷且安全的枢纽。" 据中国水电第十六工程局国际公司副总经理兼项目经理项金胜介绍，作为横贯格鲁吉亚东西部的交通主 动脉，E60高速公路被誉为格"一号工程"，而F0标段则是这条交通大动脉上的关键节点。项目为新建全 长6.36公里的双向四车道公路，沿线包含11座单向桥梁和5条隧道，桥隧比高达56%，道路设计时速为 100公里。 新华网巴库8月18日电（记者钟忠）由中国电力建设集团有限公司下属子公司中国水利水电第十六工程 局有限公司承建的格鲁吉亚E60高速公路F0标段近日正式通车。 ...

Group 1 - The key clients of Sichuan Shengshi Steel Union International Trade Co., Ltd. include major state-owned enterprises directly supervised by the State-owned Assets Supervision and Administration Commission, covering various sectors such as construction, infrastructure, and energy engineering [1] Group 2 - The core list of top ten central enterprise construction companies includes China State Construction Engineering Corporation, which has a business focus on housing construction (over 50% of global super high-rise buildings) and infrastructure [4] - China Railway Group Limited specializes in railway engineering, accounting for 66% of the national railway mileage, with a significant increase of 51.6% in overseas business [4] - China Railway Construction Corporation is responsible for 52% of the national high-speed rail mileage and has established construction standards for high-speed rail in China [4] Group 3 - China Communications Construction Company focuses on port channels and cross-sea bridges, with a new contract amount of 9910.54 billion yuan in the first half of 2025 [5] - China Power Construction Group is a leader in hydropower, with a global market share exceeding 50% in overseas hydropower [5] - China Energy Engineering Group is innovating in traditional energy upgrades and has seen a growth rate of over 30% in new energy contracts [5] Group 4 - China Metallurgical Group Corporation leads the global market share in metallurgical engineering and is advancing hydrogen metallurgy technology for low-carbon transformation [5] - China Chemical Engineering Group dominates 70% of domestic petrochemical projects and has achieved a 12.3% growth in fine chemical contracts [5] - China National Nuclear Corporation is responsible for all domestic nuclear power units and plays a special role in national defense engineering and nuclear emergency support [5] - China Aneng Construction Group specializes in water conservancy and emergency rescue tasks [6]

Investment Rating - The industry rating is "Recommended" [4] Core Views - The report highlights a significant increase in fixed asset investment in water and electricity sectors, with a focus on regional infrastructure [1][3] - The cement market remains stable, while glass prices are experiencing fluctuations due to competitive dynamics [2] - The real estate market shows a decline in transaction volumes for both new and second-hand homes [3][21] - The report emphasizes the ongoing demand for construction materials driven by major national projects and infrastructure investments [7][8] Summary by Sections Investment Recommendations - Recommended stocks include strong performers like "Three Trees" and high-dividend stocks such as "Weixing New Materials" and "Rabbit Baby" [1] - Cement leaders like "Huaxin Cement" and "Conch Cement" are recommended due to their cost and scale advantages [7] - The report suggests focusing on companies benefiting from major engineering projects, such as "China Power Construction" and "China Energy Construction" [8] Market Trends - The national cement price is reported at 340.33 CNY/ton, showing stability despite low demand [2] - The average price of float glass has decreased to 1235.66 CNY/ton, reflecting a 3.08% decline from the previous week [2][73] - The report notes a 1.6% year-on-year increase in fixed asset investment, with infrastructure investment growing by 3.2% [3][6] Real Estate Market - New home transaction volume in 30 major cities decreased by 12% year-on-year, with a significant 44.7% drop from the previous week [3][21] - Second-hand home transactions in 15 monitored cities showed a slight decline of 1.7% year-on-year [3][21] Sector Performance - The report indicates a robust performance in the industrial sector, with a 9.0% year-on-year increase in industrial investment [6] - The water and electricity sectors are highlighted for their strong investment growth, with electricity supply investment up by 21.5% [6]

Investment Rating - Industry Rating: Outperform the market (maintained rating) [5] Core Viewpoints - The construction sector is expected to benefit from rising resource prices, particularly in the "construction + mining" sector, with a focus on the revaluation of mineral resources [2][13] - Recent inflation data in the US is favorable for the Federal Reserve's interest rate cuts, which has elevated the valuation of the non-ferrous metals sector, indicating a potentially strong copper price trend [2][13] - The construction companies with rich mineral resources, such as China Metallurgical Group and China Railway Group, are highlighted for their growth potential in the mining sector [2][13] Summary by Sections Resource Price Expectations - There is an ongoing expectation of rising prices for resource commodities, which is likely to enhance the performance of construction companies involved in resource business [2][13] - The report emphasizes the importance of companies like Northern International and Shanghai Construction in the coal and gold sectors, respectively, as they are positioned to benefit from price elasticity and profit improvements [2][13] Market Performance Review - The construction index fell by 0.44% during the week, underperforming the CSI 300 index, which rose by 1.69%, resulting in a 2.12 percentage point lag [4][22] - Notable stock performances included Meichen Technology (+27%), Hongrun Construction (+23%), and Sentai Co. (+23%) [4][22] Investment Recommendations - The report suggests focusing on the recovery of infrastructure investments and the "anti-involution" investment theme, particularly in regions with high demand such as Sichuan, Zhejiang, Anhui, and Jiangsu [28][29] - Key recommendations include companies like Sichuan Road and Bridge, Zhejiang Communications, and major state-owned enterprises like China Communications Construction and China Railway Group, which are expected to benefit from strategic projects in the western regions [28][29] - The report also highlights the importance of nuclear power investments and emerging business directions in the construction sector, recommending companies like Libat and China Nuclear Engineering [30][31]

Investment Rating - Industry rating is maintained at "Outperform the Market" [5] Core Viewpoints - Infrastructure investment in July showed a high increase in railway and water electricity fuel investment, while overall infrastructure investment is experiencing marginal slowdown, particularly in the central and western regions [1][2] - Real estate development investment from January to July decreased by 12%, with a significant drop of 17.1% in July alone, indicating a continued weakness in the real estate sector [2] - The issuance of special bonds has accelerated, with a total of 27,775.89 billion yuan issued from January to July, representing a year-on-year increase of 56.5%, which is expected to support infrastructure investment growth in the second half of the year [1] - Cement demand is anticipated to gradually recover, with a focus on investment opportunities at relatively low points in the market, despite a 4.5% year-on-year decline in cement production from January to July [3] - The flat glass market is showing signs of improvement, with a slight increase in prices and a reduction in inventory levels, suggesting a potential recovery in demand [4] Summary by Sections Infrastructure Investment - In July, infrastructure investment growth was supported by a 21.5% year-on-year increase in water electricity fuel investment, while transportation and storage investment saw a 3.9% increase [2] - The report emphasizes the importance of focusing on major engineering projects and infrastructure investments in the central and western regions [1] Real Estate Sector - The real estate sector continues to show weakness, with significant declines in sales, new construction, and completion areas from January to July [2] - The report highlights the need for monitoring policy changes that could impact the real estate market [4] Cement and Glass Markets - Cement production decreased by 4.5% year-on-year, with a notable drop in July, but there are expectations for demand recovery as the market enters a peak season [3] - The flat glass market is experiencing a slight recovery, with improved trading conditions and reduced inventory levels [4]