| 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-043 | | --- | --- | --- | --- | --- | | 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 关于公司高级管理人员离任的公告 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。 截至本公告日，唐雄威先生不存在应当履行而未履行的承诺事项。唐雄威先 生按照公司相关规定做好交接工作，其离任不会对公司正常生产经营产生影响。 公司对唐雄威先生在担任公司副总裁期间做出的贡献和努力表示衷心的感 谢！ 特此公告。 上海建工集团股份有限公司董事会 2025 年 7 月 25 日 上海建工集团股份有限公司（简称"公司"）董事会收到公司副总裁唐雄威 先生的书面辞职 ...

证券代码：600170 证券简称：上海建工 公告编号：2025-042 上海建工集团股份有限公司 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： ? 每股分配比例 A 股每股现金红利0.06元 ? 相关日期 | 股份类别 | 股权登记日 | | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/30 | － | 2025/7/31 | 2025/7/31 | | ? 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 6 月 27 日的2024年年度股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 | 股份类别 | 股权登记日 | | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- ...

证券代码：600170 证券简称：上海建工 公告编号：2025-042 上海建工集团股份有限公司 2024年年度权益分派实施公告 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： 差异化分红送转： 否 每股分配比例 A 股每股现金红利0.06元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/30 | － | 2025/7/31 | 2025/7/31 | 一、 通过分配方案的股东会届次和日期 本次利润分配方案经公司2025 年 6 月 27 日的2024年年度股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本8,885,939,744股为基数，每股派发现金红利 0.06元（含税），共计派发现金 ...

Group 1 - The CSI 500 Construction Decoration Index reported a value of 3221.69 points, showing a strong upward trend [1] - The CSI 500 Construction Decoration Index has increased by 10.42% in the past month, 6.28% over the last three months, and 4.22% year-to-date [2] - The index is designed to reflect the overall performance of different industry companies within the CSI 500 index, categorized into 11 primary industries, 35 secondary industries, and over 90 tertiary industries [2] Group 2 - The CSI 500 Construction Decoration Index is composed entirely of companies from the industrial sector, with a 100% weight in this category [3] - The index samples are adjusted biannually, with adjustments occurring on the next trading day after the second Friday of June and December [3] - Temporary adjustments to the index samples may occur due to special events affecting the companies, such as mergers or changes in industry classification [3]

Investment Rating - Industry Rating: Outperform the market (maintained rating) [5] Core Viewpoints - The construction index rose by 0.32% this week, while the Shanghai and Shenzhen 300 index increased by 1.07%, indicating that the construction sector underperformed the market by 0.75 percentage points. Professional engineering, architectural design, and infrastructure sectors showed stronger gains [1][33] - Infrastructure investment continued to support the economy, with energy-related and water conservancy investments maintaining strength, while transportation infrastructure showed signs of recovery. For the first half of 2025, real estate development investment, narrow infrastructure, broad infrastructure, and manufacturing grew by -11.2%, +4.6%, +8.9%, and +7.5% year-on-year, respectively [1][13] - Recent disclosures of second-quarter orders from central state-owned enterprises (SOEs) indicate a recovery trend, with China Railway's second-quarter orders showing a year-on-year growth of 20.08%. The overall order situation for central SOEs is optimistic, suggesting a rebound in physical workload [2][27] Summary by Sections Macro and Micro Verification of Infrastructure Recovery - Infrastructure investment in June continued to provide support, with energy and water conservancy investments remaining strong, while transportation infrastructure showed signs of recovery. The year-on-year growth rates for real estate development investment, narrow infrastructure, broad infrastructure, and manufacturing from January to June 2025 were -11.2%, +4.6%, +8.9%, and +7.5%, respectively [1][13][14] Recent Order Disclosures from Central SOEs - Central SOEs such as China Railway, China Energy Construction, China Chemical, and China Nuclear Engineering reported a recovery in second-quarter orders. For instance, China Railway's first-half orders showed a year-on-year growth of 2.8%, with a significant increase in the second quarter [2][27][28] Valuation Perspective - As of July 18, the construction sector's PE (TTM) and PB (LF) ratios were among the lowest across all primary industries, indicating significant room for valuation improvement. The construction sector's PE (TTM) was 11.12 times, with a historical percentile of 48.50%, compared to the Shanghai and Shenzhen 300's PE of 13.39 times [3][30][32]

Core Viewpoint - Shanghai Construction Group reported a total new contract amount of RMB 130.245 billion, reflecting a year-on-year decrease of 36.96% [1] Summary by Category Contract Amounts - The total new contracts signed by subsidiaries amounted to RMB 130.245 billion, with the following breakdown: - Construction: RMB 97.958 billion, down 43.50% year-on-year - Design Consulting: RMB 7.326 billion, down 34.02% year-on-year - Building Materials Industry: RMB 13.369 billion, down 9.89% year-on-year - Real Estate Development: RMB 6.959 billion, up 69.32% year-on-year - Urban Construction Investment: RMB 1.270 billion - Others: RMB 3.363 billion, up 6.56% year-on-year [1] Project Details - Key projects contributing to the new contracts include: - Hongkou District North Bund project construction general contracting - Suzhou Industrial Park Jinji Lake Twin Towers project construction general contracting - Zhaoqing (Sihui) Electronic Information Industry Park infrastructure project - Shanghai Metro Line 19 civil engineering - Shanghai Metro Line 20 phase one eastern section civil engineering - North Bund street project above-ground steel structure supply and fabrication - Yangtze River Delta ecological green integration development demonstration zone new construction project - Sanlin Riverside South area public green space new construction project [1]

| 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-041 | | --- | --- | --- | --- | --- | | 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 2025 年上半年度新签合同情况公告 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。 以上数据为阶段性统计数据，由于存在各种不确定性，可能与定期报告披露 的数据存在差异。敬请广大投资者谨慎决策，注意投资风险。 特此公告。 上海建工集团股份有限公司董事会 2025 年 7 月 15 日 2025 年 1 月至 6 月，上海建工集团股份有限公司（简称"公司"）及下属 子公司累计新签合同金额为人民币 1,302.45 亿元，详情如下： | | 合同金额 ...

Investment Rating - The report rates the construction and decoration industry as "Overweight" [2][8] Core Viewpoints - The overall investment growth rate is weak, with infrastructure investment providing relative stability amidst pressures in manufacturing and real estate. Infrastructure investment (excluding electricity) grew by 5.6% year-on-year from January to May 2025, while total infrastructure investment increased by 10.4% [2] - The report predicts that corporate profits will face pressure in the first half of 2025 due to slowing fixed asset investment growth and a focus on project quality. The expected net profit growth rates for key companies are categorized into various ranges, with some companies projected to see declines [2][3] - The report suggests that low valuations of state-owned enterprises in the construction sector may recover due to ongoing economic stimulus policies and management's market value management methods. The current PE and PB ratios for the construction industry are at 11.2X and 0.76X, respectively, indicating a bottom position [2] - Investment recommendations include state-owned enterprises such as China Chemical, China Railway, and China Railway Construction, as well as private companies like Zhi Te New Materials and Shenzhen Ruijie [2] Summary by Relevant Sections Profit Growth Predictions - Companies with a net profit growth rate below -10%: China Railway, China Railway Construction, China Metallurgical Group, China Power Construction, Shanghai Construction, Honglu Steel Structure, Southeast Network Framework [3] - Companies with a net profit growth rate between -10% and 0%: China Communications Construction, Sichuan Road and Bridge [3] - Companies with a net profit growth rate between 0% and 10%: China Energy Engineering, China Steel International, Anhui Construction, Donghua Technology [3] - Companies with a net profit growth rate between 10% and 20%: China Chemical [3] - Companies with a net profit growth rate above 20%: Zhi Te New Materials, Shenzhen Ruijie [3] Valuation Table - The report includes a valuation table for key companies in the construction industry, detailing their stock prices, EPS, PE ratios, and projected net profit growth rates for 2024A, 2025E, and 2026E [3]

孙占托表示，桔井湄公河特大桥将显著改善当地以摆渡船为主的河道交通条件，能够有效打通湄公河两 岸在教育、医疗、农产品物流与旅游出行等方面的"瓶颈"，有助于提升地方经济活力，促进柬埔寨东北 部与全国干线交通网络的衔接。他特别指出，该大桥建成后将助力东盟和大湄公河次区域互联互通建 设，是中柬共建"一带一路"的最新成果。 当天，柬埔寨公共工程与运输部大臣宾波尼、柬埔寨桔井省政府官员，以及中资企业代表、桥梁工人、 当地学校师生及民众也出席了合龙仪式。 柬埔寨公共工程与运输部相关负责人指出，该桥所处位置对内衔接柬埔寨桔井省、蒙多基里省等农业重 地，对外将成为柬埔寨连接老挝、越南、泰国的交通节点。项目配套道路也将纳入大湄公河次区域 （GMS）合作体系与泛亚铁路联动规划之中，为多边贸易提供更高效的通行通道。 中国青年报客户端金边7月8日电（中青报·中青网驻柬埔寨记者 王岩）当地时间7月7日，柬埔寨桔井湄 公河特大桥（柬中友谊桔井湄公河大桥）合龙仪式在桔井省举行。该桥由上海建工集团承建，是湄公河 干流上首座中方援建的大型桥梁。柬埔寨副首相兼发展理事会第一副主席孙占托在合龙仪式上表示，这 座大桥既是设施联通之桥，更是柬中民心相通 ...

| 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-040 | | --- | --- | --- | --- | --- | | 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： 一、担保情况概述 （一）2025 年 6 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 13 家子公司提供 14.23 亿元担保，为资产负债率低于 70%的 1 家合营企业提供 0.10 亿元担保，合计提供 14.33 亿元担保。详情如下： | 担保人 | ...