证券日报网讯 7月30日晚间，上海建工发布公告称，经公司2024年年度股东大会审议通过，公司向中国 银行间市场交易商协会（简称"交易商协会"）申请发行中期票据。近日，公司收到交易商协会出具的 《接受注册通知书》，主要内容如下：一、公司中期票据注册金额为15亿元，注册额度自通知书落款之 日起2年内有效，由东方证券股份有限公司主承销。二、公司在注册有效期内可分期发行中期票据，接 受注册后如需备案发行，应事前先向交易商协会备案。公司应按照有权机构决议及相关管理要求，进行 发行管理。发行完成后，应通过交易商协会认可的途径披露发行结果。 （编辑 任世碧） ...

7月30日主力资金净流出2542.19万元，占流通市值的0.11%。 风险提示：投资有风险，入市需谨慎。 截至2025年7月30日收盘，上海建工股价报2.53元，与前一交易日持平。当日成交量为133.54万手，成交 金额达3.38亿元。 上海建工主要从事建筑施工、房地产开发、建筑工业等业务。公司是上海市属大型建筑企业集团，业务 涵盖房屋建筑、市政工程、机电安装等多个领域。 公司于7月30日发布公告，获得15亿元中期票据注册批准，注册额度自通知书落款之日起2年内有效。募 集资金将用于归还到期债务。2025年一季度，上海建工实现营业收入403.16亿元。 ...

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 601789 宁波建工 | | = 665.04万 | 3.84% | -257.03万 | -1.49% | -408.02万 | -2.36% | | 600939 重庆建工 | | -345.05万 | -1.88% | 538.57万 | 2.93% | -193.52万 | -1.05% | | 600248 陕建股份 | | -825.91万 | -9.93% | 298.53万 | 3.59% | 527.37万 | 6.34% | | 600491 龙元建设 | | -1011.23万 | -10.76% | 245.10万 | 2.61% | 766.14万 | 8.16% | | 000628 高新发展 | | -1056.56万 | -4.65% | 416.87万 | 1.83% | 639.69万 | 2.81% | | 601668 中国建 ...

一、公司中期票据注册金额为15亿元，注册额度自通知书落款之日起2年内有效，由东方证券股份有限 公司主承销。二、公司在注册有效期内可分期发行中期票据，接受注册后如需备案发行，应事前先向交 易商协会备案。公司应按照有权机构决议及相关管理要求，进行发行管理。发行完成后，应通过交易商 协会认可的途径披露发行结果。 格隆汇7月30日丨上海建工(600170.SH)公布，近日，公司收到交易商协会出具的《接受注册通知书》 （中市协注〔2025〕MTN701号），主要内容如下： ...

一、公司中期票据注册金额为15亿元，注册额度自通知书落款之日起2年内 有效，由东方证券股份有限公司主承销。 | 证券代码：600170 | 证券简称：上海建工 | | | 公告编号：2025-047 | | --- | --- | --- | --- | --- | | 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 关于中期票据获准注册的公告 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。 经上海建工集团股份有限公司（简称"上海建工"或"公司"）2024年年度 股东大会审议通过，公司向中国银行间市场交易商协会（简称"交易商协会"） 申请发行中期票据。 近日，公司收到交易商协会出具的《接受注册通知书》（中市协注〔2025〕 MTN701号），主要内容如下 ...

Core Viewpoint - Shanghai Construction Group (600170.SH) has received a registration notice from the trading association for a medium-term note issuance, indicating a strategic move to raise funds through bond issuance [1] Group 1: Registration Details - The company has a registered amount of 1.5 billion yuan for medium-term notes, valid for two years from the date of the notice [1] - The lead underwriter for this issuance is Dongfang Securities Co., Ltd [1] Group 2: Issuance Management - The company can issue medium-term notes in installments during the validity period of the registration [1] - Prior to any issuance, the company must file for record with the trading association [1] - The company is required to manage the issuance according to the resolutions of authorized institutions and relevant management requirements [1]

Investment Rating - The industry rating is maintained as "Outperform" [5] Core Viewpoints - The construction sector has seen a significant increase of 7.1% this week, outperforming the Shanghai and Shenzhen 300 index by 5.9 percentage points, driven by infrastructure projects and the rise in specialized engineering and civil explosives sectors [1][29] - The report emphasizes the ongoing trend of "anti-involution" in the industry, suggesting investment opportunities in construction blue chips and steel structure sectors, particularly in the central and western regions of China [1][2][36] Summary by Sections Investment Logic - Four angles to capture investment opportunities in the construction sector: 1. **Price Elasticity**: Companies involved in resource development or trade, such as Northern International and China Railway, are recommended due to expected price increases in resources [2][15] 2. **Supply-Demand Optimization**: Focus on construction blue chips as the anti-involution movement may alleviate price pressures in the industry, with recommendations for quality local state-owned enterprises like Sichuan Road and Bridge [2][17] 3. **Transformation and Upgrading**: Companies with stronger technological attributes are expected to benefit from structural high prosperity in technology-driven infrastructure demands, with recommendations for Tunnel Corporation and China State Construction International [2][21] 4. **Downstream Profit Improvement**: If anti-involution policies improve profitability in steel and cement industries, there will be a rebound in capital expenditure needs, recommending companies like China National Materials and China Steel International [2][23] Market Performance - The report notes a slight decline in the operating rates of petroleum asphalt and cement shipment rates, with the cement shipment rate at 43.07%, down by 2.8 percentage points [3][26] - Central state-owned enterprises showed a positive trend in order data for Q2, with notable growth in orders for companies like China Railway and China Nuclear Engineering [3][26] Key Recommendations - The report suggests focusing on high-growth local state-owned enterprises in regions with strong infrastructure investment, such as Sichuan, Zhejiang, and Anhui, as well as major central state-owned enterprises like China Communications Construction and China Railway [36][37] - Emphasis is placed on the potential of nuclear power and emerging business directions within the construction sector, highlighting the high prosperity of nuclear power investments [38]

Financial Performance Summary - The company reported total revenue of RMB 1,050.42 billion for the first half of 2025, a decrease of 28.04% compared to RMB 1,459.77 billion in the same period last year [1] - The net profit attributable to shareholders was RMB 7.10 billion, down 14.04% from RMB 8.26 billion year-on-year [1] - The basic earnings per share decreased by 16.67% to RMB 0.05 from RMB 0.06 in the previous year [1] - The weighted average return on equity was 1.39%, down from 1.82% in the previous year [1] Operational Highlights - The company achieved a new contract amount of RMB 133.69 billion in the construction segment, RMB 69.59 billion in the real estate development segment, and RMB 12.70 billion in the urban construction investment segment during the reporting period [2] - The company is actively responding to changes in industry and market conditions through reforms and innovation [2] Financial Data Changes - The decline in revenue is attributed to changes in industry demand, with a significant decrease in gross profit impacting overall profitability [2] - The net profit excluding non-recurring gains and losses saw a substantial drop of 69.13% due to underperformance in real estate and investment businesses [2]

Group 1: Regulatory Developments - The China Securities Regulatory Commission (CSRC) has approved the registration of monthly average futures for linear low-density polyethylene, polyvinyl chloride, and polypropylene at the Dalian Commodity Exchange [1] - The Guangzhou Futures Exchange is actively promoting the research and listing of platinum, palladium, and lithium hydroxide futures, expected to launch this year [1] Group 2: Market Trends - The number of ETFs with over 10 billion yuan in assets has surpassed 90, with the total ETF scale exceeding 4.6 trillion yuan, driven by thematic products in technology, dividends, and innovative pharmaceuticals [1] - Bond funds are facing significant redemption pressure, with over 200 billion yuan in bond sales in the first four days of the week, including nearly 100 billion yuan in a single day [2] Group 3: Insurance Sector - The preset interest rate for traditional life insurance products has been lowered by 50 basis points to 2.0%, while the guaranteed interest rate cap for participating insurance has been reduced to 1.75% [3] Group 4: Company Performance - IMAX China reported a record 25 million moviegoers in the first half of 2025, generating approximately 416 million yuan in revenue, doubling the box office compared to the same period last year [4] - LVMH's net profit for the first half of 2025 fell by 22% to 5.7 billion euros, with a significant decline in sales in Japan due to currency appreciation [4] - Vanke has successfully sold the Shanghai Jinqiao Wanchuang Center project, with market speculation suggesting a transaction price of around 1.4 billion yuan [5] - China Communications Construction Company signed new contracts worth 991.05 billion yuan in the first half of the year, a year-on-year increase of 3.14% [5] - Fudan Fuhua terminated the transfer of a 28% stake in a subsidiary due to a lack of interested buyers [6] - Feima International received 437 million yuan in performance compensation from its controlling shareholder [7] - Shanghai Construction Group reported a net profit of 710 million yuan in the first half of the year, a decrease of 14.04% [8] - Funi Co., Ltd. achieved a net profit of 1.337 billion yuan in the first half of the year, an increase of 12.48% [10] - Western Mining reported a net profit of 1.869 billion yuan in the first half of the year, a growth of 15% [11] - Bomaike's net profit dropped by 80.42% to 12.39 million yuan in the first half of the year [12]

Group 1 - Liu Pharmaceutical Group plans to repurchase shares worth between 100 million and 200 million yuan, with a maximum repurchase price of 25.70 yuan per share [1] - Dongshan Precision intends to invest up to 1 billion USD to build a high-end printed circuit board project to meet the long-term demand for high-end printed circuit boards in emerging scenarios such as AI [1] - Bomaike reported a net profit of 12.39 million yuan for the first half of the year, a year-on-year decline of 80.42% [2] Group 2 - Western Mining achieved a net profit of 1.869 billion yuan in the first half of the year, a year-on-year increase of 15% [2] - Fuliwang expects a net loss of approximately 17 million yuan for the first half of the year, a decrease of 137.12% compared to the same period last year [2] - Digital Certification anticipates a net loss of between 80 million and 96 million yuan for the first half of the year, compared to a loss of 29.25 million yuan in the same period last year [3] Group 3 - Shanghai Construction reported a net profit of 710 million yuan for the first half of the year, a year-on-year decrease of 14.04% [5] - Funneng Co. achieved a net profit of 1.337 billion yuan in the first half of the year, a year-on-year increase of 12.48% [6] - Tengda Construction's total contract amount for the first half of the year decreased by 17.55% year-on-year [7] Group 4 - Fudan Fuhua decided to terminate the public transfer of a 28% stake in a subsidiary due to the lack of a deposit from potential buyers [9] - Fulei Ant's subsidiary has decided to cease operations due to intense competition in the photovoltaic industry and ongoing losses [11] - Dongfang Ocean's subsidiary received a medical device registration certificate for a folic acid testing kit [14] Group 5 - Huayu Pharmaceutical's subsidiary received overseas listing approvals for several products [16] - Feima International received a performance commitment compensation of 437 million yuan from its controlling shareholder [16] - Guangshen Railway signed a cooperation agreement for the Guangzhou East Station renovation project with a total investment of approximately 16.66 billion yuan [16] Group 6 - Anhui Construction won the bid for the S68 Jingde to Jixi Expressway project with an estimated total investment of 5.7 billion yuan [18] - China Communications Construction Company signed new contracts worth 991.054 billion yuan in the first half of the year, a year-on-year increase of 3.14% [19] - Kehui Co. plans to use up to 70 million yuan of idle funds for cash management [22] Group 7 - Biological Shares' subsidiary received a clinical trial approval for a cat mRNA vaccine, the first of its kind in China [23] - Ruipu Biological received a clinical trial approval for a pig mRNA vaccine, which is the first economic animal mRNA vaccine in China [24] - Nanjing New Hundred's major assets were judicially frozen due to liquidity debt crisis faced by its controlling shareholder [27] Group 8 - Changshu Bank plans to merge three village banks and establish branches, pending shareholder approval [28] - Yong'an Pharmaceutical plans to reduce its holdings by up to 2.6323 million shares [29] - Zhujiang Co. received approval from the Shanghai Stock Exchange for a stock issuance to specific targets [31] Group 9 - Sanyangma's subsidiary signed a 120 million yuan procurement contract for sensor products [33] - Jintou City Development plans to purchase a villa property for approximately 7.1854 million yuan [35] - Yuanli Co. intends to acquire 100% of Tongsheng Co. through a combination of cash and stock issuance [36] Group 10 - Xin'an Century's controlling shareholder plans to reduce holdings by up to 2.22% of the company's shares [36] - Fute Technology plans to raise up to 528 million yuan through a private placement for various projects [36] - Helen Piano's actual controller is set to change, with stock resuming trading [37] Group 11 - Weiergao expects a net profit increase of 12.55% to 30.87% for the first half of the year [38] - Saiwei Microelectronics plans to transfer up to 18% of its shares through an agreement [40] - Yongli Co. intends to acquire a 22.75% stake in a subsidiary [42] Group 12 - ST Xiachuang plans to publicly transfer a 20% stake in Guangdong Yuweiji [43] - Dema Technology's shareholders plan to transfer 778.84 million shares through an inquiry [45] - Zhongshi Technology's shareholders plan to reduce holdings by up to 2.86% of the company's shares [46] Group 13 - Wufang Optoelectronics' controlling shareholder plans to reduce holdings by up to 0.93% of the company's shares [48] - Fusenmei's chairman has been detained, temporarily unable to fulfill his duties [49] - Reliable Co.'s shareholders plan to reduce holdings by a total of up to 2.63% of the company's shares [51] Group 14 - Gao Neng Environment plans to repurchase shares worth between 100 million and 150 million yuan [53]