Financial Performance - In 2024, the company achieved operating revenue of CNY 151.14 billion, a decrease of 16.29% year-on-year [26]. - The net profit attributable to shareholders was CNY 2.96 billion, down 25.30% compared to the previous year [26]. - Basic earnings per share decreased by 20.61% to CNY 0.8009, while diluted earnings per share fell by 21.12% to CNY 0.7932 [26]. - The weighted average return on equity dropped to 12.66%, a decrease of 5.84 percentage points from the previous year [26]. - The company reported a net cash flow from operating activities of -CNY 8.19 billion, worsening from -CNY 7.47 billion in 2023 [26]. - The total assets at the end of 2024 were CNY 353.19 billion, an increase of 1.87% from the previous year [26]. - The net assets attributable to shareholders increased by 23.31% to CNY 31.03 billion compared to the end of 2023 [26]. - The company reported a significant decline in net profit after excluding non-recurring gains and losses, which fell by 41.23% to CNY 2.25 billion [26]. Dividend Distribution - The company plans to distribute a cash dividend of CNY 0.09 per share, totaling CNY 336,576,175.74, which represents 17.74% of the net profit attributable to shareholders for the year [8]. - The total cash dividend for the year, including interim distributions, amounts to CNY 524,955,290.04 [8]. - The proposed cash dividend for the fiscal year 2024 is CNY 0.09 per share, totaling CNY 336,576,175.74 (including tax) based on a reduced share capital of 3,739,735,286 shares after accounting for repurchased shares [171]. - The total cash dividend for 2024, including the interim distribution, is projected to be CNY 524,955,290.04, representing 17.74% of the net profit attributable to shareholders for the year [174]. - Over the last three accounting years, the cumulative cash dividend amount is CNY 1,466,980,861.54, with an average net profit of CNY 3,503,690,831.18, resulting in a cash dividend ratio of 41.87% [176]. Governance and Compliance - The company has received a standard unqualified audit opinion from Tianzhi International Accounting Firm [7]. - The board of directors has confirmed the accuracy and completeness of the annual report, with no false records or misleading statements [5]. - The company has not reported any significant risk events during the reporting period [11]. - The company has not engaged in any non-operating fund occupation by controlling shareholders or related parties [10]. - The company has confirmed that the cash dividend policy aligns with its articles of association and shareholder resolutions, ensuring clarity and completeness in decision-making processes [172]. - The independent directors have fulfilled their responsibilities and ensured that minority shareholders' rights are adequately protected [172]. - The company has not experienced any significant violations related to insider information management during the reporting period [132]. - The company aims to enhance the quality of information disclosure and strictly adhere to legal regulations [152]. Strategic Development - The company faced significant challenges due to macroeconomic pressures and intensified market competition, leading to a strategic optimization of its operations [35]. - The company is committed to enhancing its internal capabilities and ensuring a solid foundation for high-quality development despite short-term performance pressures [35]. - The company is focusing on digital transformation and has made significant investments in cybersecurity and management efficiency improvements [43]. - The company is actively optimizing its business structure, focusing on high-value sectors such as new energy and smart cities, in response to national policy directions [50]. - The company is exploring international expansion, with projected foreign operating revenue reaching 165.97 billion USD in 2024 [114]. - The company plans to optimize its investment structure and enhance the efficiency of its investments through innovative cooperation models [121]. Market and Industry Trends - The construction industry is experiencing a robust growth in infrastructure investment, with a recorded increase of 9.2% in broad terms and 4.4% in narrow terms, supported by 15,000 new bond projects [47]. - The company is focusing on the integration of investment, construction, and operation in urban infrastructure and public service facilities [60]. - The company has established a leading prefabricated construction industry cluster in Northwest China through its manufacturing bases [60]. - The government plans to increase the proportion of prefabricated buildings to over 40% by 2025, creating significant market opportunities [110]. - The integration of smart construction and digitalization is anticipated to reshape the competitive landscape of the industry [111]. Awards and Recognition - The company received 8 first prizes, 13 second prizes, and 16 third prizes at the 2024 Shaanxi Provincial Construction Engineering Science and Technology Awards, showcasing its innovation capabilities [37]. - The company has been awarded multiple national and provincial quality awards, including 21 national quality awards and 3 "Zhan Tianyou Award" for excellent residential communities [40]. - The company achieved significant recognition in green low-carbon technology, winning multiple awards, including the second prize in the "Three New Three Small" innovation competition in Shaanxi Province [191]. Environmental and Social Responsibility - The company invested CNY 556.51 million in environmental protection during the reporting period [186]. - The company faced 4 administrative penalties related to environmental issues, a 50% decrease year-on-year, with total penalties amounting to CNY 130,000, down 48% year-on-year [187]. - The company invested CNY 965,150 in poverty alleviation and rural revitalization projects, benefiting approximately 7,400 people [194]. - In 2024, the company undertook targeted assistance tasks in four villages, investing CNY 758,000 in industrial support and CNY 8,893,500 in purchasing agricultural products [195]. Management Changes - The company appointed Chen Qi as the new chairman of the board on January 29, 2024, following the resignation of the previous chairman Zhang Yiguang [142]. - On May 30, 2024, the company appointed Yang Haisheng as the new general manager and Zhao Chunhui and Lei Ming as vice general managers [143]. - The company has undergone significant management changes, with multiple appointments and resignations in the board of directors and senior management positions throughout 2024 [141][143][144]. - The company has implemented a stock incentive plan to align the interests of management with those of shareholders [143][144]. Future Outlook - The company plans to achieve a contract signing amount of 390.8 billion CNY and an operating revenue of 165.5 billion CNY for 2025 [121]. - The company has provided a performance guidance for 2025, expecting a revenue growth of 15% [138]. - New product launches are anticipated to contribute an additional 200 million in revenue in 2025 [138]. - Market expansion plans include entering two new international markets by the end of 2025 [138].

陕建股份（600248）公告，2025年第一季度营收为232.42亿元，同比下降16.30%；净利润为4.17亿元， 同比下降24.50%。 ...

证券代码：600248 证券简称：陕建股份 公告编号：2025-017 陕西建工集团股份有限公司 2025 年 1-3 月经营情况简报 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。 | | 陕西建工安装集团 | 山东港口日照港岚山港区30万吨 | | | --- | --- | --- | --- | | 7 | 有限公司 | 级原油码头三期配套罐区工程土 | 7.5 | | | | 建及设备安装工程 | | | 8 | 陕西建工第九建设 | 雁栖府一期EPC工程总承包 | 6.67 | | | 集团有限公司 | | | | 9 | 陕西建工集团股份 | 吴起250MW/750MWh构网型独立储 | 6.36 | | | 有限公司 | 能项目 | | | 10 | 陕西建工集团股份 | 吉尔吉斯斯坦STT道路重建项目四 | 5.71 | | | 有限公司 | 标段 | | | 11 | 陕西建工集团股份 | 中润盛和(方山)新能源科技有限 公司方山县积翠镇胡堡村分散式 | 5.28 | | | 有限公司 | | | | | ...

一、担保情况概述 （一）担保进展情况 证券代码：600248 证券简称：陕建股份 公告编号：2025-015 陕西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： 对外担保累计余额：截至 2025 年 3 月 31 日，公司对外担保累计余额为 328.17 亿元 对外担保逾期的累计数量：无 特别风险提示：公司及控股子公司对外担保总额超过最近一期经审计归 母净资产 100%，本次被担保人资产负债率均超过 70%，敬请投资者注意相关风险 为满足子公司向银行申请融资的正常经营资金需求，2025 年 3 月，陕西建 工集团股份有限公司（以下简称"公司"）累计为 23 家子公司提供 73.22 亿元 担保。本次被担保人资产负债率均超过 70%。具体担保情况如下： | | | | | 担保最高 | | | 本次担保后 | | --- | --- | --- | --- | --- | --- | --- | --- | | 序 | 被担保方 | 担保方 | 融资机构/ | 债权额 ...

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。 2025年3月，陕西建工集团股份有限公司（以下简称"公司"）下属子公司中 标多项重大施工项目。现将中标金额5亿元以上施工项目情况公告如下： | 序号 | 项目名称 | 中标人 | 中标金额 （亿元） | 项目地点 | | --- | --- | --- | --- | --- | | 1 | 卓越上下横朗项目施工 | 陕西建工第五建设 | 11.20 | 广东省 | | | 总承包工程 | 集团有限公司 | | 深圳市 | | 2 | 新疆云链智谷项目南区 | 陕西建工第一建设 | 6.08 | 新疆维吾尔自治 | | | 二组团施工总承包工程 | 集团有限公司 | | 区乌鲁木齐市 | | 3 | 世农（杨凌）创业园建设 | 陕西建工第十三建 | 6.00 | 陕西省 | | | 项目 | 设集团有限公司 | | 杨凌示范区 | 以上数据仅为阶段性统计数据，敬请广大投资者注意投资风险。 特此公告。 陕西建工集团股份有限公司董事会 2025 年 4 月 10 日 证券代码：600 ...

Investment Rating - Industry rating is maintained at "Outperform the Market" [6] Core Viewpoints - The announcement of "reciprocal tariffs" by Trump has exceeded expectations, reinforcing the logic of domestic demand recovery. The focus is on infrastructure and key strategic industries like coal chemical investments, which are expected to receive policy support [2][21] - The construction index rose by 0.13% this week, outperforming the Shanghai and Shenzhen 300 index by 0.57 percentage points, with significant gains in small and mid-cap transformation stocks [1][31] - The first quarter of 2025 saw a significant increase in local government bond issuance, indicating potential for local investment release despite external demand pressures [4][21] Summary by Sections Section 1: Tariff Impact and Domestic Demand - Trump's new tariffs, including a 10% baseline tariff and higher rates for major trade deficit countries, are expected to suppress overseas and manufacturing investments while boosting domestic demand [2][14] - The previous trade friction period saw a decline in manufacturing and infrastructure investments, with real estate becoming a key contributor to economic stability [3][21] Section 2: Market Performance - The construction index's performance this week was driven by sectors such as professional engineering and building design, with notable stock gains from companies like Shanshui Bide and Zhongyan Dadi [1][31] Section 3: Investment Recommendations - Focus on infrastructure-related stocks, particularly in high-growth regions like Tibet and Xinjiang, and sectors benefiting from domestic demand recovery [21][28] - Coal chemical projects are expected to see significant investment, with recommendations for companies like Sanwei Chemical and China Chemical [28] - Companies with production layouts in North America or Mexico are likely to benefit, with recommendations including China Jushi and Puyang Refractories [28] Section 4: Fiscal Policy and Investment Opportunities - The first quarter of 2025 saw local government bond issuance reach approximately 2.84 trillion yuan, a year-on-year increase of about 80%, indicating a strong fiscal push for infrastructure investment [4][21] - The report emphasizes the importance of structural and regional characteristics in infrastructure investment, particularly in water conservancy and transportation sectors [38]

证券代码：600248 证券简称：陕建股份 公告编号：2025-014 陕西建工集团股份有限公司 关于公司及子公司涉及诉讼、仲裁的公告 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： 案件所处的诉讼（仲裁）阶段：共计 68 起案件，67 起尚在审理中（或未 开庭）；1 起案件撤诉结案 上市公司所处的当事人地位：34 起为原告（申请人），涉案金额 18.29 亿元；34 起为被告（被申请人）、第三人，涉案金额 5.31 亿元 涉案的金额：合计 23.60 亿元 对上市公司损益产生负面影响：暂无法确定对公司本期利润或期后利润 的影响金额 为加强应收款项催收，加快资金回笼，陕西建工集团股份有限公司（以下简 称"公司"）积极实施清欠策略，主张通过法律途径维护公司利益。公司及子公 司对长期拖欠工程款的建设单位提起了诉讼、仲裁，同时在日常生产经营过程中， 亦发生部分公司或子公司作为被告或被申请人的诉讼及仲裁案件。自前次诉讼仲 裁公告披露至本公告披露之日，公司及子公司新发生的累计重大诉讼、仲裁事项 涉案金额合计 23.60 ...

Investment Rating - The report gives a positive investment rating for the construction decoration industry, indicating an "Overweight" outlook, suggesting that the industry is expected to outperform the overall market [2][34]. Core Insights - The construction decoration sector has shown a weekly increase of 1.60%, outperforming major indices such as the Shanghai Composite Index and the Shenzhen Component Index [5][6]. - Key sub-sectors like decorative curtain walls, ecological landscaping, and design consulting have demonstrated significant weekly gains, with respective increases of 5.33%, 4.44%, and 2.41% [5][8]. - The report highlights a recovery in infrastructure investment for 2025, emphasizing the cyclical investment value in high-elasticity sectors [5][20]. Summary by Sections Industry Performance - The SW Construction Decoration Index increased by 1.60%, ranking 18th among 31 sectors [5][6]. - The best-performing sub-sectors for the week were decorative curtain walls (+5.33%), ecological landscaping (+4.44%), and design consulting (+2.41%) [5][8]. Major Changes in the Industry - The People's Bank of China reported a cumulative increase in social financing of 9.29 trillion yuan in the first two months of 2025, which is 1.32 trillion yuan more than the same period last year [5][20]. - The central bank is expected to implement appropriate monetary policies to support major strategies and key areas, while also managing financial risks [5][20]. Key Company Developments - China Power Construction Corporation won a major project worth 5.771 billion yuan, accounting for 0.95% of its 2023 revenue [5][20]. - Shaanxi Construction Group secured a significant project totaling 2.436 billion yuan, representing 2.39% of its 2023 revenue [5][20]. - China Railway Group elected a new chairman, indicating a change in leadership [5][21]. Investment Recommendations - The report recommends investing in cyclical sectors with high elasticity, such as steel structures and urban renewal, while also highlighting undervalued companies for potential valuation recovery [5][20].

证券代码：600248 证券简称：陕建股份 公告编号：2025-013 陕西建工集团股份有限公司 关于提供担保的进展公告 为满足子公司向银行申请融资的正常经营资金需求，2025 年 2 月,陕西建工 集团股份有限公司（以下简称"公司"）累计为 10 家子公司提供 33.7255 亿元 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： 被担保人：陕西建工第一建设集团有限公司等 10 家，不存在关联担保 本次对外担保金额：2025 年 2 月对外担保金额合计 33.7255 亿元 对外担保累计余额：截至 2025 年 2 月 28 日，公司对外担保累计余额为 320.8824 亿元 对外担保逾期的累计数量：无 特别风险提示：公司及控股子公司对外担保总额超过最近一期经审计归 母净资产 100%，本次被担保人资产负债率均超过 70%，敬请投资者注意相关风险 一、担保情况概述 （一）担保进展情况 | | | | | 担保最高 | | | | | --- | --- | --- | --- | --- | --- | --- ...

| 序号 | 项目名称 | 中标人 | 中标金额 （亿元） | 项目地点 | | --- | --- | --- | --- | --- | | 1 | 沙特德拉伊耶200套别墅项 | 华山国际工程沙 | 11.47 | 沙特 | | | 目 | 特有限公司 | | 利雅得 | | 2 | 伊泰伊犁能源有限公司100 万吨/年煤制油示范项目工 | 陕西化建工程有 限责任公司 | 7.18 | 新疆维吾尔自 治区伊犁哈萨 | | | 艺主装置区二标段建安工程 | | | 克自治州 | | 3 | 吉尔吉斯斯坦STT道路重建 | 陕西建工集团股 | 5.71 | 吉尔吉斯斯坦 | | | 项目四标段 | 份有限公司 | | 塔拉斯州 | 以上数据仅为阶段性统计数据，敬请广大投资者注意投资风险。 特此公告。 陕西建工集团股份有限公司董事会 2025 年 3 月 12 日 证券代码：600248 证券简称：陕建股份 公告编号：2025-012 陕西建工集团股份有限公司 重大项目中标公告 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。 ...