Market Overview - The housing construction sector experienced a decline of 0.12% on November 7, with high new development leading the drop [1] - The Shanghai Composite Index closed at 3997.56, down 0.25%, while the Shenzhen Component Index closed at 13404.06, down 0.36% [1] Stock Performance - Notable stock performances included: - Chongqing Construction (600939) rose by 9.97% to close at 3.97, with a trading volume of 410,100 shares and a turnover of 163 million yuan [1] - Shaanxi Construction (600248) increased by 0.52% to 3.83, with a trading volume of 178,800 shares and a turnover of 68.47 million yuan [1] - High New Development (000628) fell by 2.00% to 47.06, with a trading volume of 67,700 shares and a turnover of 322 million yuan [1] Capital Flow - The housing construction sector saw a net outflow of 269 million yuan from main funds, while retail investors contributed a net inflow of 168 million yuan [1] - The capital flow for individual stocks showed: - Chongqing Construction had a main fund net inflow of 7.03 million yuan, but retail investors had a net outflow of 6.68 million yuan [2] - High New Development experienced a significant main fund net outflow of 64.93 million yuan, with retail investors contributing a net inflow of 45.42 million yuan [2]

证券代码：600248 证券简称：陕建股份 公告编号：2025-084 重要内容提示： 会议召开时间：2025 年 11 月 18 日（星期二）16:00-17:00 会 议 召 开 地 点 ： 上 海 证 券 交 易 所 上 证 路 演 中 心 （ 网 址 ： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 11 月 11 日（星期二）至 11 月 17 日（星期一）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目或通过公司投资者关系邮 箱 sxjg600248@163.com 进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答 陕西建工集团股份有限公司（以下简称"公司"）已于 2025 年 10 月 31 日 披露公司 2025 年第三季度报告。为加强与广大投资者沟通交流，便于投资者更 全面深入地了解公司 2025 年第三季度经营成果、财务状况，公司计划于 2025 年 11 月 18 日（星期二）16:00-17:00 举行 2025 年第三季度业绩说明会（以下 简称"本次说明会"），就投资者关心的问题进行交 ...

Core Insights - The housing construction sector experienced a slight decline of 0.0% on November 6, with Shanghai Construction leading the losses [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Sector Performance - The housing construction sector's individual stock performance varied, with Chongqing Construction seeing a significant increase of 10.06% to a closing price of 3.61 [1] - Other notable performances included: - High-tech Development: up 0.46% to 48.02 - China State Construction: unchanged at 5.42 - Ningbo Construction: down 0.18% to 5.55 - Shanghai Construction: down 1.98% to 2.97 [1] Capital Flow Analysis - The housing construction sector saw a net outflow of 183.24 thousand yuan from institutional investors and 2188.89 thousand yuan from speculative funds, while retail investors contributed a net inflow of 2372.13 thousand yuan [1] - Detailed capital flow for key stocks included: - China State Construction: net inflow of 10.2 million yuan from institutional investors, but net outflows from speculative and retail investors [2] - Chongqing Construction: net inflow of 7.5 million yuan from institutional investors, with net outflows from speculative and retail investors [2] - Zhejiang Construction: minimal net inflow from institutional investors and a net inflow from speculative investors [2]

Group 1 - The housing construction sector experienced a decline of 0.22% on November 4, with high-tech development leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] - Major stocks in the housing construction sector showed mixed performance, with Zhejiang Construction rising by 0.32% and High-Tech Development falling by 3.15% [1] Group 2 - The net outflow of main funds in the housing construction sector was 250 million yuan, while retail funds saw a net inflow of 123 million yuan [1] - The table of fund flows indicates that China State Construction had a net inflow of 19.29 million yuan from main funds, while High-Tech Development faced a significant outflow of 85.87 million yuan [2] - Retail investors showed a preference for stocks like High-Tech Development, which had a net inflow of 52.04 million yuan despite the overall negative trend [2]

证券代码：600248 证券简称：陕建股份 公告编号：2025-083 陕西建工集团股份有限公司 关于调整 2025 年度日常关联交易预计的公告 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。 重要内容提示： 本事项尚需提交股东会审议 日常关联交易对上市公司的影响：日常关联交易的发生符合公司业务特 点和实际需求，交易定价以市场公允价格为依据，不存在损害公司及中小股东利 益的情形，不会影响公司的独立性，不会对关联人形成较大的依赖，不会对公司 财务状况、经营成果产生不利影响 根据《上海证券交易所股票上市规则》等相关规定，陕西建工集团股份有限 公司（以下简称"公司"）拟调整 2025 年度日常关联交易预计情况，具体如下： 一、日常关联交易基本情况 （一）日常关联交易预计调整履行的审议程序 1.已批准的日常关联交易预计的审议程序 公司于 2025 年 4 月 28 日召开第八届董事会第二十四次会议，审议通过了《关 于公司 2025 年度与控股股东及其子公司日常经营性关联交易预计的议案》《关 于公司 2025 年度与延长集团日常经营性关 ...

证券代码：600248 证券简称：陕建股份 公告编号：2025-082 陕西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。 陕西建工集团股份有限公司（以下简称"公司"或"本集团"）于 2025 年 10 月 30 日召开了第八届董事会第二十八次会议，审议通过了《关于公司 2025 年前三季度计提资产减值准备的议案》。现将具体情况公告如下： 一、本次计提资产减值准备的概况 关于 2025 年前三季度计提资产减值准备的公告 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，公司对截至 2025 年 9 月 30 日的存在减值迹象的资产 进行减值测试，2025年1-9月计提信用减值损失和资产减值损失共计182,177.68 万元，按类别列示如下表： 注：尾差系四舍五入导致 二、计提依据及构成 （一）应收票据坏账损失转回 3,165.09 万元、应收账款坏账损失 176,510.98 万元、其他应收款坏账损失 3,722.08 万元、长期应收款坏账损失 246.66 万元 ...

证券代码：600248 证券简称：陕建股份 公告编号：2025-080 陕西建工集团股份有限公司 同意公司 2025 年 1-9 月计提信用减值损失和资产减值损失共计 182,177.68 万元。详见公司同日披露于上海证券交易所网站的《陕西建工集团股份有限公司 关于 2025 年前三季度计提资产减值准备的公告》（公告编号：2025-082） 第八届董事会第二十八次会议决议公告 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。 陕西建工集团股份有限公司（以下简称"公司"）第八届董事会第二十八次 会议于 2025 年 10 月 30 日以通讯方式召开。董事长陈琦、董事杨海生、高建成、 杨兴斌、独立董事杨为乔、郭世辉、徐焕章、李勤以通讯方式出席会议。会议召 集人为董事长陈琦。 会议通知已于 2025 年 10 月 23 日以书面和其他电子方式发出。会议召开符 合《中华人民共和国公司法》《陕西建工集团股份有限公司章程》及《陕西建工 集团股份有限公司董事会议事规则》等规定，会议合法有效。公司 8 名董事均参 与了投票表决，并通过决议如下： ...

Group 1 - The core viewpoint of the article highlights that Shaanxi Construction Group (陕建股份) reported a significant decline in its third-quarter performance for 2025, with revenue decreasing by 14.27% year-on-year to approximately 87.29 billion yuan and net profit attributable to shareholders dropping by 62.28% to about 1.12 billion yuan [1][1][1] - As of the report, the market capitalization of Shaanxi Construction Group stands at 14.6 billion yuan [1][1][1]

Group 1 - The company, Shaanxi Construction Group Co., Ltd. (SH 600248), announced the convening of its 28th meeting of the 8th Board of Directors on October 30, 2025, via telecommunication, where it reviewed the proposal for the Q3 2025 report [1] - For the fiscal year 2024, the company's revenue composition is as follows: engineering contracting accounts for 92.81%, petrochemical engineering business accounts for 6.02%, other industries account for 0.81%, and other businesses account for 0.36% [1] - As of the report date, the market capitalization of Shaanxi Construction Group is 14.6 billion yuan [1]

Financial Performance - Total operating revenue for Q3 2025 was approximately CNY 29.90 billion, a decrease of 14.16% compared to the same period last year[4] - Total profit for Q3 2025 was approximately CNY 198.19 million, down 88.21% year-on-year[4] - Net profit attributable to shareholders for Q3 2025 was approximately CNY 69.26 million, a decline of 95.02% compared to the same period last year[4] - Basic earnings per share for Q3 2025 was CNY 0.0178, down 95.17% year-on-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 87.29 billion, a decrease of 14.3% compared to CNY 101.82 billion in the same period of 2024[18] - Net profit for the first three quarters of 2025 was CNY 1.20 billion, a decline of 64.4% from CNY 3.36 billion in 2024[19] - The company's basic earnings per share for the first three quarters of 2025 was CNY 0.3031, compared to CNY 0.7890 in the same period of 2024[20] Assets and Liabilities - Total assets at the end of the reporting period were approximately CNY 344.95 billion, a decrease of 2.33% from the end of the previous year[5] - As of September 30, 2025, the total assets of the company amounted to CNY 344.95 billion, a decrease from CNY 353.19 billion as of December 31, 2024, reflecting a decline of approximately 2.5%[13] - The company's current assets totaled CNY 303.81 billion, down from CNY 311.53 billion, indicating a decrease of about 2.5%[14] - The total liabilities decreased to CNY 304.01 billion in 2025 from CNY 313.22 billion in 2024, reflecting a reduction of 2.5%[16] - The company's total liabilities were not explicitly stated, but current liabilities included short-term borrowings of CNY 17.53 billion, which remained relatively stable compared to CNY 17.51 billion in the previous year[14] Cash Flow - The net cash flow from operating activities for the year-to-date was approximately -CNY 3.78 billion[4] - Cash inflow from operating activities for the first three quarters of 2025 was approximately ¥97.28 billion, a decrease of 4.83% compared to ¥101.75 billion in the same period of 2024[22] - Net cash outflow from operating activities for the first three quarters of 2025 was approximately -¥3.78 billion, compared to -¥8.40 billion in the same period of 2024, indicating an improvement[23] - Total cash outflow from operating activities for the first three quarters of 2025 was approximately ¥101.05 billion, compared to ¥110.15 billion in the same period of 2024[23] Investments and Equity - The company reported a significant increase in non-recurring gains and losses, totaling approximately CNY 50.54 million for the current period[7] - The company has a long-term equity investment valued at CNY 3.44 billion, up from CNY 3.04 billion, representing an increase of approximately 13.5%[14] - The total equity attributable to shareholders increased to CNY 37.26 billion in 2025 from CNY 31.03 billion in 2024, representing a growth of 20.1%[16] - The company reported an investment income of CNY 76.27 million for the first three quarters of 2025, down from CNY 266.71 million in 2024[18] Operational Efficiency - The decline in profits was primarily attributed to reduced revenue and increased impairment provisions due to market conditions affecting the construction industry[8] - Research and development expenses for the first three quarters of 2025 were CNY 834.17 million, a decrease of 38.9% from CNY 1.36 billion in 2024[18] - The company reported a significant decrease in cash outflow related to employee payments, which was approximately ¥4.67 billion in 2025 compared to ¥5.11 billion in 2024[23] Future Outlook - The company plans to focus on market expansion and new product development to drive future growth[21] - The company aims to improve cash flow management in future quarters[21]