安徽建工：联合体中标S27呼和浩特至鄂尔多斯高速公路（呼和浩特段）项目 总投资71.35亿元 智通财经7月8日电，安徽建工(600502.SH)公告称，公司及所属子公司收到项目中标通知书。公司（牵 头人）与中马（安徽）股权投资合伙企业（有限合伙）等联合体中标S27呼和浩特至鄂尔多斯高速公路 （呼和浩特段）项目特许经营者，项目采用BOT模式建设，估算总投资为71.35亿元，前期及建设期3 年，收费期30年。此外，安徽建工路港建设集团有限公司中标G4212合安高速公路桐城南枢纽至凉亭枢 纽段改扩建工程施工TA-01标段，中标价9.50亿元，工期28个月。 ...

Core Viewpoint - The Anhui Construction Group is transitioning from a traditional construction focus to a smart and green manufacturing model, exemplified by the launch of its Intelligent Green Manufacturing Industrial Park in Changfeng County, Hefei, which began full operations in May this year [1] Group 1: Smart Manufacturing and Automation - The core business of the industrial park includes smart traffic safety facilities, with a production capacity of nearly 300 tons of wave beam guardrails daily, supporting highway and road construction in Anhui Province [3][4] - The industrial park features automated production lines that minimize downtime, even during high temperatures, allowing for continuous operation and real-time data monitoring for production optimization [3][4] - The wave beam guardrails produced are designed for easy installation on-site, significantly reducing construction time and improving efficiency [3][4] Group 2: Prefabricated Construction Innovations - The industrial park is pioneering prefabricated construction methods, producing components in a factory setting that are then assembled on-site, which enhances construction efficiency and reduces environmental impact [7][10] - For example, a 120-square-meter two-story steel structure can be completed in about 15 days using prefabricated methods, cutting traditional construction time by over 60% and reducing carbon emissions by 80% during the construction phase [7][10] - The prefabricated buildings are designed for safety, capable of withstanding seismic activities up to an 8-magnitude earthquake, and 90% of the components can be recycled and reused, promoting sustainability [9][10] Group 3: Strategic Development and Future Goals - The Anhui Construction Group aims to integrate resources and technological innovations across various sectors, including construction, industry, and transportation, to achieve a collaborative model of design, production, construction, and operation [10] - The company is focused on driving innovation and reform to enhance its competitiveness and promote the development of specialized, intensive, and large-scale industries [10]

Core Insights - The construction industry is officially entering a platform period, with infrastructure investment maintaining resilience but showing signs of decline in revenue among major state-owned enterprises [5][28][30] - The overall investment tone for infrastructure in the second half of 2025 will focus on stability, supported by proactive fiscal policies and accelerated government bond issuance [2][37] - Structural opportunities are emerging, particularly in manufacturing, power, water conservancy, and water transport sectors, driven by special government bonds [5][6] Industry Overview - The construction industry has seen a decline in total revenue for the first time in 2024, confirming a turning point for the industry [30] - The total revenue for the construction industry in 2024 was 86,962.78 billion, a decrease of 4.29% year-on-year, with net profit dropping by 13.74% [30][32] - The share of real estate in GDP has been declining since its peak in 2021, while infrastructure investment has been rising but not enough to offset the decline in real estate [26][28] Investment Strategy - Long-term investment should focus on manufacturing-oriented companies like Honglu Steel Structure, while short-term strategies should prioritize high-dividend stocks and significant changes in individual companies [6][7] - The report emphasizes the importance of structural opportunities in the construction sector, particularly in areas aligned with national strategic initiatives and safety capabilities [60] State-Owned Enterprises - There is a growing divergence among state-owned construction enterprises, with only a few, such as China State Construction and China Energy Engineering, showing positive growth in Q1 2024 [7][28] - The report recommends focusing on companies with strong dividend stability and growth potential, such as China Chemical Engineering and China Communications Construction [7][8] Professional Engineering and International Opportunities - The international engineering sector is expected to benefit from ongoing orders and the deepening of cooperation along the Belt and Road Initiative [8] - Companies like China National Materials and China Steel International are highlighted for their low valuations and high dividend yields, indicating strong performance potential [8] Mergers and Acquisitions - The construction industry is moving towards maturity, necessitating mergers and acquisitions to find new growth points [10] - The report anticipates that future mergers will primarily come from smaller, weaker segments of the industry, such as design and decoration [10]

Investment Rating - The industry rating is maintained as "Outperform" [6] Core Viewpoints - The construction sector has underperformed the broader market, with a weekly increase of 0.72% compared to the 1.78% rise in the CSI 300 index, resulting in a 1.06 percentage point lag [5][26] - There is an increasing market focus on low-valuation, high-dividend stocks within the construction sector, particularly among central state-owned enterprises (SOEs), local SOEs, international engineering firms, and private enterprises [14][34] - The construction sector's central SOEs, such as China Chemical, have significantly lower price-to-earnings (PE) ratios compared to their peers, with China Chemical's PE at 7.99, placing it in the 6.8% percentile since 2010 [15][14] - Local SOEs like Shandong Road and Anhui Construction show low PE ratios of 3.94 and 6.10, respectively, with dividend yields exceeding those of central SOEs [16][14] - Private enterprises such as Jianghe Group and Sanwei Chemical also demonstrate strong dividend capabilities, with yields of 8.90% and 4.83% respectively [19][14] Summary by Sections Low-Valuation Stocks Worth Attention - Central SOEs like China Chemical and China Railway Construction have low PB ratios, with China Railway at 0.41 and China Railway at 0.45 [14][15] - Local SOEs such as Shandong Road and Anhui Construction have PE ratios significantly below 10, indicating potential investment opportunities [16][14] - Private enterprises like Jianghe Group and Yaxiang Integration have returned to reasonable valuation levels, with PE ratios of 11.66 and 12.21 respectively [19][14] Market Performance Review - The construction index increased by 0.72% in the week from June 30 to July 4, lagging behind the CSI 300's 1.78% increase [5][26] - Notable individual stock performances included Chengbang Co. (+42.23%) and Hangzhou Garden (+31.16%) [5][26] Investment Recommendations - Focus on cyclical opportunities arising from improvements in construction activity, particularly in water conservancy, railways, and aviation sectors [34][35] - Highlight the potential of nuclear power investments and emerging business directions within the construction sector [36][34] - Emphasize investment opportunities in major hydropower projects and the deep-sea economy, with recommendations for companies involved in these sectors [37][34]

证 券 代 码 ： 600502 证 券 简 称 ： 安 徽 建 工 编 号 ： 2025-044 安徽建工集团股份有限公司 关于项目中标的公告 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。 近日，本公司及所属子公司收到项目中标通知书。具体情况公告如下： 工期：655 日历天 1 中标人：安徽建工集团股份有限公司（牵头人）、安徽建工集团投资发展有限公 司、安徽建工公路桥梁建设集团有限公司、安徽建工交通航务集团有限公司、安徽 建工建设安装集团有限公司、中马（安徽）股权投资合伙企业（有限合伙）联合体 项目概况：该项目位于滁州市凤阳县、定远县，项目内容主要包括本项目的投资、 融资、勘察设计、建设、运营管理、养护维修、移交等。本项目采用特许经营模式， 项目回报机制为使用者付费，项目估算总投资为 74.87 亿元。 工期：1,095 日历天 收费期限：358 个月 二、合肥一六八中学北校区项目施工-1 标段 中标人：安徽建工三建集团有限公司（牵头人）、安徽建工公路桥梁建设集团有 限公司联合体 项目概况：该项目位于合肥市新站高新区，项目 ...

智通财经7月4日电，安徽建工(600502.SH)公告称，公司及所属子公司收到三个项目中标通知书，包括 G0323济宁至合肥高速公路凤阳至定远段特许经营者项目，估算总投资为74.87亿元；合肥一六八中学北 校区项目施工-1标段，中标价为5.32亿元；宿松路南延及连接线工程项目，中标价为11.37亿元。 安徽建工：中标三个项目 中标价合计91.56亿元 ...

Group 1 - The company and its subsidiaries have recently received project bidding notifications [1] - The company, as the lead entity in a consortium, won the G0323 Jining to Hefei Expressway Fengyang to Dingyuan section concession project, with an estimated total investment of 7.487 billion [1] - The project has a construction period of 1,095 calendar days and a toll collection period of 358 months [1] Group 2 - The company’s subsidiary, Anhui Construction Third Engineering Group Co., Ltd., as the lead entity in a consortium, won the bid for the construction of the Hefei 168 Middle School North Campus project, with a bid price of 532 million [1] - The construction period for this project is 655 calendar days [1] - Anhui Construction Highway and Bridge Group Co., Ltd., as the lead entity in another consortium, won the bid for the Susong Road South Extension and Connecting Line project, with a bid price of 1.137 billion [1] - The construction period for this project is 540 calendar days [1]

Group 1 - The core point of the announcement is that Anhui Construction Group Holdings Co., Ltd. has increased its shareholding in Anhui Construction Group Co., Ltd. from 32.20% to 33.28%, triggering a 1% threshold for equity change [1][3] - The increase in shareholding is part of a previously disclosed plan to acquire between 1% and 2% of the company's total shares within six months, with a maximum investment of 200 million RMB [1][3] - As of the latest update, the controlling shareholder has acquired a total of 19,652,280 A shares, representing approximately 0.06% of the company's total share capital [1][3] Group 2 - The equity change does not trigger mandatory tender offer obligations and complies with relevant laws and regulations [1][3] - The increase in shareholding is not expected to affect the company's listing status or lead to changes in the controlling shareholder [1][3] - The share acquisition plan is still ongoing, and the company will continue to monitor and disclose updates regarding the shareholding changes [1][3]

安徽建工集团控股有限公司保证向本公司提供的信息真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司董事会及全体董事保证公告内容与信息披露义务人提供的信息 一致。 重要内容提示： 证券代码：600502 证券简称：安徽建工 公告编号：2025-043 安徽建工集团股份有限公司 关于持股 5%以上股东权益变动触及 1%刻度 的提示性公告 2025 年 5 月 29 日，建工控股通过上海证券交易所集中竞价方式实施了首次 增持，共增持本公司 1,075,299 股 A 股股份，占公司总股本的比例约 0.06%。具 体内容详见公司于 2025 年 5 月 31 日披露的《关于控股股东首次增持公司股份暨 增持计划进展的公告》（公告编号：2025-040）。 近日，本公司收到建工控股出具的《关于增持安徽建工集团股份有限公司股 份计划实施进展暨权益变动触及 1%的通知》，2025 年 5 月 30 日至 6 月 30 日期 间，建工控股以自有及自筹资金通过上海证券交易所集中竞价方式增持公司 18,576,981 股 A 股股份，占公司总股本的比例约 1.08%。本次增持计划发布以来， 建工控股已累计增持公司 19 ...

证券代码：600502 证券简称：安徽建工 公告编号：2025-042 安徽建工集团股份有限公司 2024年年度权益分派实施公告 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/27 | － | 2025/6/30 | 2025/6/30 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 16 日的2024年年度股东大会审议通过。 二、 分配方案 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： 每股分配比例 A 股每股现金红利0.19元 相关日期 3.分配方案： 1. 实施办法 本次利润分配以方案实施前的公司总股本1,716,533,938股为基数，每股派发 现金红利0.19元（含税），共计派发现金红利326,141,448.22元。 四、 分配实施办法 1.发放年度：2024年年度 2.分派对象： 截至股权登记日下午上海 ...