Core Points - The Shanghai Construction Group held its 7th meeting of the 9th Board of Directors on March 28, 2025, with all 8 attending directors present [1][2] - The board unanimously approved the proposal for asset impairment provision for the year 2024 [1] - The board also approved the performance assessment targets for the company's executives for the years 2024 and 2025, with one director abstaining from the vote due to a conflict of interest [2] Summary by Categories Meeting Details - The meeting was convened by Chairman Mr. Hang Yingwei and was attended by 8 directors, meeting legal and regulatory requirements [1] - The meeting notice was sent out on March 19, 2025 [1] Resolutions Passed - The board approved the asset impairment provision for 2024, details of which are available in a separate announcement [1] - The performance assessment targets for executives for 2024 and 2025 were approved, with a vote of 7 in favor, 0 abstentions, and 0 against, while one director abstained due to a conflict of interest [2]

Financial Performance Summary - The company reported total operating revenue of RMB 3,003.85 billion, a decrease of 1.39% compared to the previous year [1] - Operating profit increased by 9.68% to RMB 33.79 billion [1] - Total profit rose by 13.74% to RMB 33.60 billion [1] - Net profit attributable to shareholders reached RMB 22.05 billion, marking a significant increase of 41.50% year-on-year [1][2] - Basic earnings per share increased by 58.33% to RMB 0.19 [1] - The weighted average return on equity improved to 5.32%, up from 3.50% [1] Contractual and Operational Highlights - The company focused on high-quality development, emphasizing reform, innovation, and core competitiveness [2] - The construction segment secured new contracts worth RMB 3,249 billion, enhancing its foundational role [2] - The design consulting segment completed new contracts totaling RMB 190 billion, contributing to the overall performance [2] - The building materials segment signed contracts worth RMB 295 billion [2] - Emerging businesses generated nearly RMB 1,000 billion in new contracts, with rapid growth in urban renewal, water conservancy, and new infrastructure projects [2] Financial Position Overview - Total assets at the end of the reporting period were RMB 3,890.40 billion, reflecting a 1.82% increase from the beginning of the period [1] - Shareholders' equity attributable to the parent company rose by 12.92% to RMB 463.54 billion [1] - The net asset value per share increased by 4.08% to RMB 3.57 [1]

| 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-008 | | --- | --- | --- | --- | --- | | 债券代码：240782 | 债券简称：24 | 沪建 | Y1 | | | 债券代码：240783 | 债券简称：24 | 沪建 | Y2 | | | 债券代码：241305 | 债券简称：24 | 沪建 | Y3 | | | 债券代码：241857 | 债券简称：24 | 沪建 | Y4 | | 表决结果：8 票同意，0 票弃权，0 票反对。 二、会议审议通过了《上海建工关于职业经理人 2024 年、2025 年考核目标 的议案》。 上海建工集团股份有限公司 第九届董事会第七次会议决议公告 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。 上海建工集团股份有限公司（以下简称"上海建工"或"公司"）第九届董 事会第七次会议于 2025 年 3 月 28 日在公司会议室召开。会议应参会董事 8 名， 实参会董事 8 名，公司监事会成员、部分高级管理人员列席了会议，符合有 ...

上海建工集团股份有限公司 关于计提资产减值准备的公告 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。 | 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-009 | | --- | --- | --- | --- | --- | | 债券代码：240782 | 债券简称：24 | 沪建 | Y1 | | | 债券代码：240783 | 债券简称：24 | 沪建 | Y2 | | | 债券代码：241305 | 债券简称：24 | 沪建 | Y3 | | | 债券代码：241857 | 债券简称：24 | 沪建 | Y4 | | 上海建工集团股份有限公司（简称"上海建工"或"公司"）于 2025 年 3 月 28 日召开第九届董事会第七次会议和第九届监事会第三次会议，审议通过了 《上海建工关于 2024 年度计提资产减值准备的议案》。现将相关事宜公告如下： 一、本次计提资产减值准备的概况 为真实、准确和公允地反映公司资产和财务状况，根据《企业会计准则》及 公司会计政策的相关规定，公司及下属子公司对 ...

Financial Performance - Total revenue for 2024 reached RMB 300.39 billion, a decrease of 1.39% compared to the previous year[4] - Net profit attributable to shareholders increased by 41.50% to RMB 2.21 billion, driven by gains from asset disposals and fair value changes[4][8] - Basic earnings per share rose by 58.33% to RMB 0.19, reflecting the increase in net profit[4][8] - The company faced a 42.48% decline in net profit after deducting non-recurring gains, attributed to market competition and reduced gross margins[8] Assets and Equity - Total assets at the end of the reporting period were RMB 389.04 billion, up 1.82% from the beginning of the period[4] - Shareholder equity increased by 12.92% to RMB 46.35 billion, indicating strong financial health[4] Business Segments - The construction segment secured new contracts worth RMB 324.9 billion, enhancing its foundational role[8] - The design consulting segment completed new contracts totaling RMB 19 billion, contributing to the overall growth[8] - New emerging businesses generated nearly RMB 100 billion in new contracts, with rapid growth in urban renewal and new infrastructure sectors[8] Strategic Commitment - The company is committed to high-quality development and actively participates in national strategic initiatives[7]

Summary of Shanghai Construction Group Conference Call Company Overview - Shanghai Construction Group is a leading comprehensive engineering contractor in China, with construction business accounting for the largest share at 30% [2][3] - The company is involved in various sectors including municipal landscaping, public buildings, commercial real estate, and residential projects, with competitive advantages in high-rise buildings and underground space development [2][3] Core Business and Industry Position - The company operates across five main segments: construction, design consulting, construction-related materials, real estate development, and urban infrastructure investment [3] - Shanghai Construction Group ranks among the strongest engineering contractors in the industry, second only to a few state-owned enterprises [3] Strategic Initiatives - The company is focusing on urban renewal, soil and water environment remediation, and industrialized construction, while also expanding into new infrastructure sectors [2][4] - It aims to cultivate a second growth curve by exploring emerging niche markets and identifying seed projects [2][4] Government Policies and Market Opportunities - National policies, such as the energy-saving and carbon reduction plan from the National Development and Reform Commission and the Ministry of Housing and Urban-Rural Development, are expected to drive demand in the construction sector [5] - The Shanghai government plans to approve 186 major engineering projects in 2025, with a total investment of 240 billion yuan, the highest level in recent years [6][7] Major Projects - The company is engaged in significant projects including the expansion of Pudong International Airport and the expansion of the Hushang Railway, with substantial contract amounts [10][11] - Involvement in high-end manufacturing and new energy vehicle capacity construction, with contracts in the integrated circuit sector reaching nearly 10 billion yuan [11] Emerging Business Areas - The company is enhancing its presence in smart city and smart transportation sectors, participating in the design of universal airports and researching vehicle-road collaboration technologies [12] - Collaborations with the Chinese Academy of Sciences for geological exploration projects are also underway [12] Financial Insights - The company benefited from debt relief funds, with approximately 3 billion yuan entering the company last year, and expects stronger debt replacement efforts this year [2][18] - New contracts in urban renewal are valued in the hundreds of billions, indicating significant future growth potential [22] Market Trends and Challenges - The construction industry is experiencing a downturn in demand, particularly in residential building, due to reduced land sales in first-tier cities [26] - The company is adjusting its market strategy to focus on quality over quantity, particularly in the Yangtze River Delta region [26] Future Growth Areas - New infrastructure and industrialized construction are anticipated to be the fastest-growing sectors, with urban renewal being the largest among the six emerging business areas [27]

| 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-007 | | --- | --- | --- | --- | --- | | 债券代码：240782 | 债券简称：24 | 沪建 | Y1 | | | 债券代码：240783 | 债券简称：24 | 沪建 | Y2 | | | 债券代码：241305 | 债券简称：24 | 沪建 | Y3 | | | 债券代码：241857 | 债券简称：24 | 沪建 | Y4 | | 上海建工集团股份有限公司 关于提供担保的进展公告 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。 重要内容提示： （二）本次担保事项履行的内部决策程序 公司于 2024 年 4 月 22 日召开第八届董事会第四十一次会议，于 2024 年 5 月 13 日召开 2023 年年度股东大会，审议通过了《上海建工 2024 年度担保额度预计 及提请股东大会授权的议案》，详见公司公告：2024-020、2024-025 和 2024-028。 二、被担保人基本情况 2024 年度 ...

上海建工集团股份有限公司 | 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-006 | | --- | --- | --- | --- | --- | | 债券代码：240782 | 债券简称：24 | 沪建 | Y1 | | | 债券代码：240783 | 债券简称：24 | 沪建 | Y2 | | | 债券代码：241305 | 债券简称：24 | 沪建 | Y3 | | | 债券代码：241857 | 债券简称：24 | 沪建 | Y4 | | 关于提供担保的进展公告 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。 重要内容提示： 一、担保情况概述 （一）2025 年 1 月，因申请各类贷款、银行承兑汇票、预付款保函、履约保 函和农民工工资保函等，上海建工集团股份有限公司（以下简称"公司"）为资产 负债率高于 70%的 17 家子公司提供 32.91 亿元担保，为资产负债率低于 70%的 2 家子公司提供 0.13 亿元担保。合计担保金额 33.04 亿元，详情如下： | 担保人 | 被 ...

| 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-005 | | --- | --- | --- | --- | --- | | 债券代码：240782 | 债券简称：24 | 沪建 | Y1 | | | 债券代码：240783 | 债券简称：24 | 沪建 | Y2 | | | 债券代码：241305 | 债券简称：24 | 沪建 | Y3 | | | 债券代码：241857 | 债券简称：24 | 沪建 | Y4 | | 上海建工集团股份有限公司 股东集中竞价减持股份计划公告 本公司董事会、全体董事及相关股东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： 上述减持主体无一致行动人。 1 (一)相关股东是否有其他安排 □是 √否 (二)大股东及董监高此前对持股比例、持股数量、持股期限、减持方式、减持数 量、减持价格等是否作出承诺 √是 □否 2015 年 7 月，公司控股股东上海建工控股集团有限公司根据上海国资国企改 革的整体部署，将持有的 1,723,532,128 股公司股份无偿划转予国盛集团 ...

| 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-004 | | --- | --- | --- | --- | --- | | 债券代码：240782 | 债券简称：24 | 沪建 | Y1 | | | 债券代码：240783 | 债券简称：24 | 沪建 | Y2 | | | 债券代码：241305 | 债券简称：24 | 沪建 | Y3 | | | 债券代码：241857 | 债券简称：24 | 沪建 | Y4 | | 上海建工集团股份有限公司 关于参与股权投资基金的公告 根据约定，建工投资作为有限合伙人 LP 投资 1 亿元于深圳市达晨创程私募 股权投资基金企业（有限合伙）（简称"达晨创程基金"），占基金认缴出资总 额的 1.99%。 上述投资事项纳入公司 2025 年度投资计划额度，不属于关联交易和重大资 产重组事项。 二、基金及合作方的基本情况 1、深圳市达晨创程私募股权投资基金企业（有限合伙）概况 1 投资的基金名称：深圳市达晨创程私募股权投资基金企业（有限合伙） 投资金额：1 亿元 本项投资不属于关联交易和重大资产重组事项 特别提示风险：上述基金的投资收益存在 ...