Core Viewpoint - The beginning of 2026 marks a significant year for economic development in China, with A-share listed companies actively engaging in various projects, signaling confidence and vitality for high-quality growth throughout the year [2]. Group 1: Investment and Project Announcements - Companies such as Qiaoyin Co. have won contracts for urban sanitation projects worth approximately 1.225 billion yuan, while Xusheng Group received a notification for a 7.8 billion yuan project from a North American electric vehicle manufacturer [2]. - Fulin Precision's subsidiary plans to invest 8.7 billion yuan in a project to produce 500,000 tons of high-end lithium iron phosphate for energy storage [2][4]. - Guizhou Tire announced plans to invest 299 million USD in a tire manufacturing project in Morocco, expected to generate annual sales of 183 million USD and profits of approximately 40.87 million USD [3]. - New materials and energy sectors are seeing significant investments, with companies like Dongfang Zircon and Fulin Precision expanding their production capabilities in battery-grade materials [4]. Group 2: Order Wins and Market Expansion - A-share companies are securing large orders across various sectors, including infrastructure and new energy, reflecting the vitality of these industries [5]. - Jingong Steel Construction won a bid for a project in Hangzhou worth 824 million yuan, marking a strategic shift towards total contracting [6]. - Xusheng Group, a core supplier for Tesla, received a long-term contract worth approximately 7.8 billion yuan for supplying components, indicating strong recognition of its capabilities [6]. Group 3: Production and Operational Updates - Companies are entering a phase of production and operational ramp-up, with several projects moving into the production stage [8]. - Zhongmin Resources announced the completion of a project to upgrade its lithium salt production line, increasing its annual capacity to 71,000 tons [8]. - Precision Technology successfully launched its first carbon fiber production line, marking a significant step in domestic production capabilities [8].

Core Viewpoint - The company, Jinggong Steel Structure (600496.SH), has successfully won the bid for the Hangzhou Chanchuang CBD No. 76 project with a bid amount of 824 million yuan [1] Group 1: Project Details - The project is positioned as a high-end modern service industry office cluster [1] - It aims to create a comprehensive Chanchuang CBD that integrates business, finance, and innovation [1] - The plan includes four office buildings and a commercial podium, incorporating various business formats such as leisure shopping, financial streets, and garden offices, forming a "commercial + office" composite ecosystem [1]

长江精工钢结构（集团）股份有限公司 证券代码：600496 证券简称：精工钢构 公告编号：2026-002 转债代码：110086 转债简称：精工转债 长江精工钢结构（集团）股份有限公司 关于中标重大总承包项目的公告 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个别及连带责任。 近日，公司成功中标杭州产创 CBD76 号地块项目（以下简称"该项目"）， 中标金额 82,382.4042 万元，占公司最近一期经审计营业收入的 4.46%。该项目 由公司下属子公司浙江精工钢结构集团有限公司与中国建筑第八工程局有限公 司组成的联合体共同中标。该项目是公司总承包业务在杭州实现的又一新突破， 也是公司积极谋求从钢结构专业分包向总承包模式转型的战略不断贯彻落地的 体现。 一、项目情况介绍 二、招标人概况 招标人名称：杭州江海之城投资开发有限公司 成立日期：2023 年 4 月 23 日 注册资本：100,000 万元人民币 法定代表人：王萱 注册地址：浙江省杭州市钱塘区义蓬街道江东大道 2199 号智涌东湖科创中 心 1 幢 1102 室 项目名 ...

Core Viewpoint - The company has successfully won a bid for the Hangzhou Chanchuang CBD No. 76 land project, amounting to 824 million yuan, which represents 4.46% of its most recent audited revenue [1] Group 1: Project Details - The project was won by a consortium consisting of the company's subsidiary, Zhejiang Jinggong Steel Structure Group Co., Ltd., and China State Construction Engineering Corporation's Eighth Engineering Bureau [1] - This marks a new breakthrough for the company's general contracting business in Hangzhou [1] Group 2: Strategic Implications - The project reflects the company's strategic shift from specialized subcontracting in steel structures to a general contracting model [1]

Core Viewpoint - The company has successfully won the bid for the Hangzhou Chanchuang CBD No. 76 project, marking a significant step in its strategic transition from subcontracting to general contracting [1] Group 1: Project Details - The bid amount for the project is 823.824 million yuan, which accounts for 4.46% of the company's most recent audited revenue [1] - The project is a joint venture between the company's subsidiary, Zhejiang Jinggong Steel Structure Group Co., Ltd., and China State Construction Engineering Corporation's Eighth Engineering Bureau [1] Group 2: Strategic Implications - This project represents a new breakthrough for the company's general contracting business in Hangzhou [1] - The successful bid reflects the company's ongoing strategy to shift from a specialized subcontractor in steel structures to a general contractor [1]

Core Viewpoint - The company, Jinggong Steel Structure (600496.SH), has successfully won the bid for the Hangzhou Chanchuang CBD Lot 76 project, with a bid amount of 824 million yuan [1] Group 1: Project Details - The project is positioned as a high-end modern service industry office cluster [1] - It aims to create a comprehensive Chanchuang CBD that integrates business, finance, and innovation [1] - The planning includes four office buildings and a commercial podium, incorporating various business formats such as leisure commercial areas, financial streets, and garden offices, forming a "commercial + office" composite ecosystem [1]

人民财讯1月6日电，精工钢构（600496）1月6日公告，近日，公司成功中标杭州产创CBD76号地块项 目，中标金额8.24亿元，占公司最近一期经审计营业收入的4.46%。该项目由公司下属子公司浙江精工 钢结构集团有限公司与中国建筑第八工程局有限公司组成的联合体共同中标。该项目定位为高端现代服 务业办公集群，旨在打造集商务、金融、创新于一体的综合性产创CBD。规划包括四栋商务办公楼及 商业裙楼，并融合游逛式商业、金融商街、花园办公等业态，形成"商业+办公"复合生态。 ...

长江精工钢结构（集团）股份有限公司 | 证券代码：600496 | 证券简称：精工钢构 | 公告编号：2026-001 | | --- | --- | --- | | 转债代码：110086 | 转债简称：精工转债 | | 长江精工钢结构（集团）股份有限公司 关于可转债转股结果暨股份变动公告 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个别及连带责任。 重要内容提示： 转股情况："精工转债"自 2022 年 10 月 28 日进入转股期，截至 2025 年 12 月 31 日，累计转股金额 82,000 元，因转股形成的股份数量为 16,651 股，占 可转债转股前本公司已发行股份总额的 0.0008%。 本季度转股情况："精工转债"自 2025 年 10 月 1 日至 2025 年 12 月 31 日，转股金额为 2,000 元，因转股形成的股份数量为 416 股。 一、可转债发行上市情况 经中国证券监督管理委员会《关于核准长江精工钢结构（集团）股份有限公 司公开发行可转换公司债券的批复》（证监许可[2021]4153 号）核准，长 ...

Group 1 - The core viewpoint of the article highlights a decline in the export value of the metal products industry in China, with a notable drop of 12.5% year-on-year in November 2025 [1] - In the period from January to November 2025, the cumulative export value of the metal products industry reached 453 billion yuan, reflecting a year-on-year decrease of 4.8% [1] - The article references a report by Zhiyan Consulting that analyzes the market operation pattern and strategic outlook of the metal products industry in China from 2026 to 2032 [1] Group 2 - The listed companies in the metal products sector include Jingda Co., Ltd. (600577), Jinggong Steel Structure (600496), Southeast Network Frame (002135), CIMC Group (000039), China Railway Industry (600528), Anhui Heli (600761), LiuGong (000528), XCMG Machinery (000425), Yutong Heavy Industry (600817), and Noli Co., Ltd. (603611) [1] - The data source for the export value statistics is the National Bureau of Statistics, with the information compiled by Zhiyan Consulting [2]

Core Viewpoint - The construction industry is expected to experience a shift in investment dynamics due to policy stimuli and emerging themes, with private enterprises showing significant returns compared to state-owned and central enterprises [1][2]. Group 1: Market Performance - As of November 30, 2025, the SW Construction Decoration Index increased by 8.88%, while the CSI 300 Index rose by 18.19%, indicating that the overall performance of the construction sector lagged behind the broader market [2]. - Private enterprises achieved a return of 35.6%, while local state-owned enterprises had a return of 14.96%, closely aligning with the CSI 300 Index. In contrast, central state-owned enterprises faced a significant decline with a return of -4.51% [2]. Group 2: Future Investment Outlook - The first year of the 14th Five-Year Plan is anticipated to open an investment uptrend, as historical patterns suggest that the initial years of a five-year plan typically see heightened investment intensity [2]. - Major planning and project packages are expected to be implemented in 2026, potentially leading to a new cycle characterized by "high initial growth followed by stabilization" [2]. Group 3: Value Investment Themes - Three main value investment themes are identified: 1. Key projects such as the Pinglu/Zhejiang-Jiangxi-Guangdong Canal (total investment approximately 621.1 billion), the Tibet Railway (expected total investment over 700 billion), and the Yaxi Hydropower Project (total investment around 1.2 trillion) are projected to generate long-term orders [3]. 2. High dividend yields are emphasized as regulatory measures strengthen dividend constraints, enhancing the investment appeal of low-valuation, high-dividend construction firms [3]. 3. Growth transformation opportunities in new sectors like clean rooms, AI computing infrastructure, and low-altitude economy are expected to surge, with cash-rich private enterprises likely to pursue mergers and acquisitions for rapid entry [3]. Group 4: Stock Recommendations - Specific stocks to watch include Sichuan Road and Bridge (600039), Jianghe Group (601886), Honglu Steel Structure (002541), Jinggong Steel Structure (600496), and Pudong Construction (600284) [3].