Core Viewpoint - Tibet Tianlu has executed a strategic reduction of its holdings in China Power Construction Corporation, selling 25 million shares at an average price of 7.35 CNY per share, resulting in a total transaction value of approximately 184 million CNY, which significantly impacts its net profit for 2024 [4][3]. Group 1: Shareholding and Financial Impact - Tibet Tianlu sold 25 million shares of China Power Construction, realizing an estimated net gain of approximately 45.75 million CNY, which constitutes about 43.87% of the company's projected net profit for 2024 [4]. - Following the sale, Tibet Tianlu retains 41.77 million shares of China Power Construction [4]. - The average selling price of 7.35 CNY per share is notably higher than the closing price of 6.46 CNY on August 4 [3]. Group 2: Market Context and Performance - The stock prices of both Tibet Tianlu and China Power Construction have surged recently, with Tibet Tianlu's stock increasing by 107% and China Power Construction's by 34% [5]. - Tibet Tianlu's stock reached a historical high of 19.50 CNY on July 31, following significant investments in large infrastructure projects, including a major hydropower project with a total investment of approximately 1.2 trillion CNY [8]. - The company has a 65% market share in the cement sector in Tibet, positioning it as a key supplier in the region [8]. Group 3: Financial Performance and Future Outlook - The company has experienced fluctuations in its financial performance, with revenue and net profit showing declines in three out of the last four years [8]. - For the first half of 2025, Tibet Tianlu anticipates a net loss of between 77 million CNY and 115 million CNY, reflecting a year-on-year increase in losses [9]. - Despite a 10.76% increase in revenue to 339 million CNY in the first quarter, the company reported a net loss of 124 million CNY, indicating a trend of increasing revenue without corresponding profit growth [9].

基于上述数据估算，西藏天路本次减持交易的成交均价约为7.35元/股。而在8月4日当天，中国电建的 收盘价仅为6.46元/股。值得注意的是，交易价超过7.35元/股的情况，仅出现在7月24日-25日这一股价最 高点期间。由此可以推断，西藏天路减持中国电建股票的主要时机，几乎选择在了股价的最高点。 从收益情况来看，经公司财务部门初步测算，本次出售中国电建股票，在扣除成本和相关交易税费后， 确认的投资净收益约为4575万元，占公司最近一个会计年度经审计归属于上市公司股东净利润的 43.87%。 不过需要说明的是，这个收益实际上是基于中国电建过往股价来进行测算的。西藏天路在报表中对投资 收益进行了计提处理，从而得出了这样的结果。 2022年底，西藏天路与中国电建签订了《中国电力建设股份有限公司非公开发行A股股票之认购协 议》。根据协议，西藏天路以6.44元/股的价格，认购了中国电建非公开发行的约6677万股股票，认购 股票的总金额约为4.3亿元。 8月5日，西藏天路发布公告，截止8月4日，公司通过集中竞价交易系统累计出售中国电建2500万股，本 次出售累计成交金额1.84亿元，占公司最近一个会计年度经审计归属于公司股 ...

小程序：A股盘前市场要闻速递 重要新闻 1. 加强个人境外收入监管，境外买卖股票收入也要缴税 《金融时报》刊文，据了解，近期有纳税人收到了税务部门通知，告知其需要依法办理境外所得申报并 缴纳相应税款。"根据我国个人所得税法，个人股票交易所得属于财产转让所得，应当适用20%的税率 按次征收。其中，个人在境内二级市场的股票交易所得暂免征收个人所得税；在境外直接进行股票交易 所得没有免税规定，需要在取得所得的次年申报纳税。"吉林财经大学税务学院院长张巍解释说。为了 更加合理的征收，我国税务部门在征管时，允许纳税人按照纳税年度盈亏相抵，但不允许跨年互抵。依 法纳税是每个公民应尽的义务。个人未申报或者未如实申报境外所得，除了会被税务机关要求补缴税款 外，还会被加收滞纳金，情形严重的还可能被稽查部门立案检查，将面临税务处罚。纳税人如果发现自 己此前申报个税时，存在少报、漏报境外所得的，要及时补正。 2. 央行7月未进行公开市场国债买卖 央行公布7月中央银行各项工具流动性投放情况，其中MLF净投放1000亿元，买断式逆回购净投放2000 亿元，未进行公开市场国债买卖。 3. 乘联分会：7月全国新能源乘用车厂商批发销量同比增 ...

Group 1 - A-share market sees over 100 billion yuan in cash dividends as 30 companies announce mid-term dividend plans for 2025 [1] - The trend of multiple dividends per year is expected to become a standard practice among listed companies, with an anticipated increase in the number of companies implementing mid-term dividends in 2025 [1] - Tesla grants CEO Elon Musk 96 million shares of restricted stock, valued at approximately 29 billion dollars based on last week's closing price [3] Group 2 - In July 2025, nearly 2 million new investors entered the A-share market, marking a year-on-year increase of over 70% [3] - Cumulative new investors in the A-share market from January to July 2025 reached approximately 14.56 million, a significant increase of 36.9% compared to the same period in 2024 [3] Group 3 - The Ministry of Finance emphasizes the use of proactive fiscal policies to boost consumption and expand domestic demand [5] - The People's Bank of China advocates for moderately loose monetary policies to support technological innovation and stabilize foreign trade [5] - The China Securities Regulatory Commission aims to consolidate market stability and enhance regulatory effectiveness [5] Group 4 - Guizhou Moutai repurchased 345.17 million shares, spending a total of 5.301 billion yuan [26] - The company plans to reduce its registered capital through the repurchased shares [26] Group 5 - Guoquan Food plans to distribute a mid-term dividend of 190 million yuan, with a total shareholder return exceeding 499 million yuan for 2025, a 130.7% increase year-on-year [15] - Yutong Bus reports a cumulative sales increase of 2.63% in the first seven months of 2025 [15] Group 6 - ChipLink Integrated achieved a 21.38% increase in revenue for the first half of 2025, with AI revenue contributing 6% of total revenue [31] - The company reported a significant reduction in net loss, with a quarterly profit for the first time [31] Group 7 - China Heavy Industry is set to delist from A-shares as it merges with China Shipbuilding, with trading suspended from August 13, 2025 [22]

8月4日晚间，西藏天路发布公告披露了一项重要的股权处置交易。公司通过集中竞价交易系统累计出售中国电建2500万股，成交金额达到1.84亿元。这笔交 易扣除成本和相关税费后，为公司带来约4575.01万元的投资净收益。交易完成后，西藏天路仍持有中国电建4177万股。此次股权处置占公司最近一个会计 年度经审计归属于上市公司股东净利润的43.87%，对公司2025年净利润将产生积极影响。 定增入股的历史背景 西藏天路董事会在2024年10月9日审议通过了授权董事长择机出售公司交易性金融资产的议案。这项授权为期12个月，使公司能够根据市场情况灵活处置证 券投资。在近10个月的时间里，公司累计出售了2500万股中国电建股票，平均成交价约为7.35元/股。 从财务角度来看，这笔交易对西藏天路具有重要意义。本次减持成交金额1.84亿元，占公司最近一个会计年度归母净资产的4.78%。考虑到西藏天路2024年 净利润为亏损1.04亿元，公司预计2025年上半年归母净利润亏损7700万元至1.15亿元，此次获得的4575.01万元投资收益将对改善公司财务状况发挥积极作 用。西藏天路成立于1999年3月，2001年1月在上交所主板 ...

Group 1 - The core point of the article is that Tibet Tianlu has sold 25 million shares of China Power Construction, realizing a net investment gain of approximately 45.75 million yuan, which is expected to positively impact the company's net profit for 2025 [2][9] - After the sale, Tibet Tianlu still holds 41.77 million shares of China Power Construction, and the average transaction price for the sold shares was about 7.35 yuan per share [2][5] - The investment gain from this sale accounts for approximately 43.87% of the company's audited net profit attributable to shareholders for the most recent fiscal year [2][9] Group 2 - Tibet Tianlu's investment in China Power Construction began in December 2022, when it subscribed to a non-public offering at a price of 6.44 yuan per share, totaling around 430 million yuan for approximately 6.677 million shares [5][9] - The company has experienced significant stock price fluctuations, with a notable increase of over 100% in the month leading up to the sale [7][9] - Despite a revenue increase of 10.76% in Q1 2025, Tibet Tianlu reported a net loss of 12.4 million yuan, indicating a trend of "increased revenue without increased profit" [9]

Group 1 - Tibet Tianlu (600326) reduced its stake in China Power Construction (601669) and achieved a net investment gain of 45.75 million yuan [2] - Since July, both Tibet Tianlu and China Power Construction have seen significant stock price increases, with Tibet Tianlu rising by 104% and China Power Construction by 33% [2][4] - The sale involved 25 million shares of China Power Construction, generating a total transaction amount of 184 million yuan, excluding transaction fees [2] Group 2 - The average transaction price for the shares sold by Tibet Tianlu was 7.35 yuan per share, while the average price over the past 20 trading days was 6.84 yuan per share [2] - The transaction amount represented 4.78% of Tibet Tianlu's most recent annual net assets, and the net profit impact for the current period is approximately 45.75 million yuan [2][3] - Tibet Tianlu's main securities investment project is its stake in China Power Construction, which was initially acquired at 6.44 yuan per share [3] Group 3 - The reduction in stake is part of Tibet Tianlu's strategy to further integrate its asset structure and focus on its core business [3] - The infrastructure sector is expected to benefit from large-scale projects such as hydropower stations and cross-sea bridges, which are anticipated to boost demand for construction materials [4] - Various institutions are optimistic about the potential of major infrastructure projects during the 14th Five-Year Plan period, with significant investments planned in regions like the Greater Bay Area and the Yangtze River Delta [4]

Group 1 - Tibet Tianlu (600326) reduced its stake in China Power Construction (601669) and achieved a net investment gain of 45.75 million yuan [1] - Since July, both Tibet Tianlu and China Power Construction have seen significant stock price increases, with Tibet Tianlu rising by 104% and China Power Construction by 33% [1][2] - The sale involved 25 million shares of China Power Construction, totaling 184 million yuan, with an average transaction price of 7.35 yuan per share [1] Group 2 - The purpose of the reduction was to further integrate the company's asset structure and focus on its core business [2] - Tibet Tianlu's main securities investment is in China Power Construction, with an initial investment cost of 430 million yuan for 66.77 million shares at 6.44 yuan per share [2] - The company reported a projected net loss of 1.04 billion yuan for 2024, with expectations of a continued loss in the first half of 2025 [1][2] Group 3 - The infrastructure sector, particularly large-scale projects like hydropower stations and cross-sea bridges, is expected to drive demand for construction materials [3] - Significant projects in the Greater Bay Area and Yangtze River Delta are underway, with total investments reaching approximately 100 billion yuan [3]

Group 1 - The stock price of Tibet Tianlu closed at 17.47 yuan on August 4, down 0.73 yuan, representing a decline of 4.01% from the previous trading day [1] - The trading volume on that day was 37.802 million shares, with a total transaction amount of 6.963 billion yuan [1] - Tibet Tianlu's main business includes engineering contracting, production and sales of cement and cement products, and production and sales of asphalt and asphalt products, establishing its significant position in the cement production sector in Tibet [1] Group 2 - As of August 4, Tibet Tianlu has sold a total of 25 million shares of China Power Construction through a centralized bidding trading system, with a total transaction amount of 184 million yuan [1] - The estimated net investment income from this sale, after deducting costs and related taxes, is approximately 45.7501 million yuan, which is expected to impact the current net profit by the same amount, accounting for 43.87% of the company's audited net profit for the most recent fiscal year [1]

每经记者｜蔡鼎 每经编辑｜魏官红 8月4日晚间，西藏天路（600326.SH，股价17.47元，市值232.13亿元）公告称，截至当日，公司通过集中 竞价交易系统累计出售中国电建2500万股，累计成交金额约1.84亿元（不含手续费税费等交易费用）。本 次出售完成后，公司仍持有中国电建4177万股。按照上述累计成交金额粗略计算，西藏天路出售的2500万 股的成交均价约为7.35元/股。 公告称，经初步测算，本次出售的股票扣除成本和相关交易税费后确认的投资净收益约4575.01万元，预计 影响当期净利润约4575.01万元，占公司最近一个会计年度经审计归属于上市公司股东净利润的43.87%。此 次处置产生的投资收益在扣除相关手续费及税费后将对公司2025年净利润产生积极影响。 中国电建今日收盘价仅比西藏天路认购价高出两分 西藏天路对中国电建的持股要从2022年说起。根据2022年8月13日中国电建披露的《2022年度非公开发行A 股股票预案（修订稿）》，中国电建此次非公开发行的募集资金总额（含发行费用）不超过149.63亿元 （含149.63亿元），扣除发行费用后的募集资金净额将用于以下项目：精品工程承包类项目（ ...