证 券 代 码 ： 600502 证 券 简 称 ： 安 徽 建 工 编 号 ： 2025-085 工期：24 个月 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，本公司所属子公司收到项目中标通知书。具体情况公告如下： 一、苏信合作高端纺织产业园 EPC 总承包 中标人：安徽建工水利开发投资集团有限公司（牵头人）、安徽卓仕建设有限责 任公司、武汉东研智慧设计研究院有限公司联合体 项目概况：该项目位于河南省豫东南高新区，项目内容主要包括修建性详细规划、 方案设计、初步设计及概算编制、施工图设计，厂房、办公、宿舍、配套用房、地下 室、人防等房屋建设及园区内道路、给排水、消防、供配电、燃气等室外综合管网配 套施工。 中标价：工程施工费约 12.15 亿元 上述项目仅为中标信息，具体实施存在不确定性，敬请广大投资者注意投资风险。 特此公告。 安徽建工集团股份有限公司董事会 2025 年 11 月 14 日 1 二、蚌埠经济开发区城乡品质提升项目-长淮产业园工程 EPC 项目 中标人 ...

Core Viewpoint - Anhui Construction (600502.SH) has recently announced that its subsidiary has received project bidding notifications for two significant projects, indicating a positive growth trajectory for the company in the construction sector [1] Group 1: Project Details - The company has won the bid for the Su Xin Cooperation High-end Textile Industry Park EPC general contracting project, with a contract value of approximately 1.215 billion [1] - Additionally, the company secured the bid for the Bengbu Economic Development Zone Urban-Rural Quality Improvement Project - Changhuai Industrial Park Engineering EPC project, with a contract value of 538 million [1]

智通财经APP讯，安徽建工(600502.SH)发布公告，近日，公司所属子公司收到项目中标通知书，中标 项目包括：苏信合作高端纺织产业园EPC总承包，中标价为工程施工费约12.15亿；蚌埠经济开发区城 乡品质提升项目-长淮产业园工程EPC项目，中标价为5.38亿元。 ...

安徽建工公告，近日，公司所属子公司收到项目中标通知书。其中，苏信合作高端纺织产业园EPC总承 包项目中标人包括安徽建工水利开发投资集团有限公司（牵头人）、安徽卓仕建设有限责任公司、武汉 东研智慧设计研究院有限公司联合体，中标价为工程施工费约12.15亿元，工期为24个月。蚌埠经济开 发区城乡品质提升项目-长淮产业园工程EPC项目中标人包括安徽建工水利开发投资集团有限公司（牵 头人）、安徽省建筑科学研究设计院联合体，中标价为5.38亿元，工期为780日历天。 ...

Core Viewpoint - Anhui Construction has significant experience and qualifications in municipal public engineering, particularly in underground utility tunnel projects, and aims to expand its market presence by securing more quality contracts [2] Company Summary - Anhui Construction's subsidiaries hold two special-grade qualifications for municipal public engineering construction [2] - The company has successfully won bids for several underground utility tunnel projects, including the Bengbu High-tech Zone Electronic Information Industry Park EPC Phase II and the Chengyu Twin City Economic Circle Comprehensive Utility Tunnel Project [2] - The company plans to leverage policy opportunities to enhance its market development efforts and strive to secure more high-quality orders [2]

安徽建工集团股份有限公司 2025 年第三次临时股东大会会议资料 2025 年 11 月 17 日 安徽建工集团股份有限公司 2025 年第三次临时股东大会会议资料 目 录 | 2025 年第三次临时股东大会会议议程 | I | | --- | --- | | 2025 年第三次临时股东大会注意事项 | II | | 议案一、关于取消监事会、变更经营范围并修订《公司章程》的议案 | 1 | | 议案二、关于修订《股东大会议事规则》的议案 | 4 | | 议案三、关于修订《董事会议事规则》的议案 | 6 | | 议案四、关于聘请 2025 年度财务报告及内控审计机构的议案 | 8 | | 议案五、关于增加 2025 年度投资计划额度的议案 | 13 | | 议案六、关于调整 2025 年度日常关联交易预计额度的议案 | 15 | 安徽建工集团股份有限公司 2025 年第三次临时股东大会会议资料 2025 年第三次临时股东大会会议议程 一、时间：2025 年 11 月 17 日上午 11:00 6.指定监票人、计票人 7.股东投票表决 8.监票人统计并宣布表决结果 9.询问现场投票的股东及授权股东代表对现场投票统 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [7] Core Views - The company reported a revenue of 45.026 billion yuan for the first three quarters of 2025, a year-on-year decrease of 16.56%. The net profit attributable to shareholders was 0.809 billion yuan, down 15.94% year-on-year. The net profit after deducting non-recurring items was 0.742 billion yuan, a decrease of 13.74% year-on-year [5][11] - In Q3, the company continued to experience a decline in revenue, primarily due to the long cycle of BOT projects and fluctuations in project continuity. The revenue for Q3 was 14.841 billion yuan, a year-on-year decrease of 27.61% [11] - The company's profitability remained stable, with a slight decrease in gross margin. The comprehensive gross margin for the first three quarters was 13.10%, an increase of 0.89 percentage points year-on-year. For Q3, the gross margin was 11.12%, a decrease of 0.25 percentage points year-on-year [11] - The operating cash flow showed significant improvement, with a net outflow of 1.967 billion yuan for the first three quarters, which was 3.288 billion yuan less than the previous year. The cash collection ratio was 95.38%, up 0.59 percentage points year-on-year [11] Summary by Sections Revenue and Profitability - The company achieved a total revenue of 45.026 billion yuan in the first three quarters of 2025, down 16.56% year-on-year. The net profit attributable to shareholders was 0.809 billion yuan, a decrease of 15.94% year-on-year. The net profit after deducting non-recurring items was 0.742 billion yuan, down 13.74% year-on-year [5][11] - In Q3, the revenue was 14.841 billion yuan, a decrease of 27.61% year-on-year, with a net profit of 0.256 billion yuan, down 26.71% year-on-year [5][11] Cash Flow and Financial Health - The operating cash flow showed significant improvement, with a net outflow of 1.967 billion yuan for the first three quarters, which was 3.288 billion yuan less than the previous year. The cash collection ratio was 95.38%, up 0.59 percentage points year-on-year [11] - The company's asset-liability ratio increased by 0.45 percentage points to 86.36% year-on-year, and the accounts receivable turnover days increased by 72.52 days to 314.98 days [11] Future Outlook - The company is focusing on optimizing its business structure and enhancing profitability. It is expanding investments in highways and smart manufacturing, with a total of 23 BOT projects in hand. The recent opening of sections of the Xu-Huai Highway is expected to boost the company's overall business development [11]

Core Viewpoint - The Shanghai Stock Exchange has released the information disclosure evaluation results for listed companies in the Shanghai market for the 2024-2025 period, with three provincial state-owned enterprises from Anhui receiving the highest grade A evaluation. Group 1: Company Performance - Anhui Construction has established a robust information disclosure system, continuously optimizing the content and format of disclosures, and has maintained cash dividends for several years, with a total cash dividend amounting to 1.339 billion yuan over the past three years [2] - Conch Cement has improved governance efficiency and operational standards, emphasizing an "investor-centric" approach, and has created diverse communication channels with investors, while also implementing a stable long-term dividend policy [3] - Anhui Hefei has optimized its information disclosure management system, covering periodic reports and ESG reports, and has actively promoted multi-level investor return mechanisms, including "mid-term dividends" [4] Group 2: Evaluation Standards - The information disclosure assessment is a crucial measure to ensure compliance and promote best practices among listed companies, enhancing overall company quality [4] - In March, the Shanghai and Shenzhen Stock Exchanges revised the evaluation standards for information disclosure, focusing on improving disclosure quality, deepening investor communication, and strengthening cash dividend supervision [4] - A total of 2,263 listed companies were evaluated, with 430 companies receiving an A grade, representing 19% of the total [4]

Core Viewpoint - The evaluation of information disclosure practices among listed companies in the Shanghai market for the 2024-2025 period emphasizes the importance of compliance, best practices, and enhancing the quality of listed companies [8]. Group 1: Company Practices - Anhui Construction is focused on improving its information disclosure system and mechanisms, optimizing content and format, and enhancing disclosure quality, with a cumulative cash dividend of 1.339 billion yuan over the past three years [5]. - Conch Cement is committed to enhancing governance efficiency and operational standards, establishing diverse communication channels with investors, and implementing a stable long-term dividend policy to improve investor satisfaction [6]. - Anhui Hefei has optimized its information disclosure management system, covering regular reports and ESG reports, while also strengthening market value management and promoting multi-level investor return mechanisms [7]. Group 2: Evaluation Standards - The Shanghai Stock Exchange has revised its information disclosure evaluation standards to focus on improving disclosure quality, deepening investor communication, strengthening cash dividend supervision, and enhancing the investment value of listed companies [8]. - A total of 2,263 listed companies were evaluated, with 430 companies receiving an "A" grade for their information disclosure practices, representing 19% of the total [8].

Group 1 - The report highlights the overall stability of the A-share market in October, with the Shanghai Composite Index slightly increasing by 1.85%, while the ChiNext Index decreased by 1.56% [3] - In the fixed income market, the central bank maintained a tight balance in October, with a net withdrawal of funds amounting to 25.3 billion yuan, and liquidity remained stable towards the end of the month [3] - Commodity prices showed a rebound in October, with non-ferrous metals and precious metals increasing, while pork prices continued to decline [3] - The report anticipates a continuation of stable and flexible policies in the second half of the year, focusing on economic construction and addressing potential geopolitical risks [3][30] Group 2 - The bond market showed signs of recovery in October, with improved trading sentiment and a noticeable decrease in interest rate fluctuations compared to September [5] - Large banks increased their net purchases of short-term bonds, while insurance companies and rural commercial banks shifted their selling focus towards shorter-term bonds [5][31] - The report suggests that the year-end "rush for allocation" may not occur this year due to the volatile bond market and accumulated losses for some institutional investors [5][34] Group 3 - The report emphasizes the importance of understanding the lifecycle of new materials for investment, indicating that many new materials are in the development or introduction phase [6][8] - It suggests that short-term excess returns in new materials investment are closely tied to market trends, and emotional factors play a significant role in theme-based investments [8] - The report recommends focusing on solid-state batteries and electronic fabrics as key investment areas within the new materials sector [8] Group 4 - Haier Smart Home reported a revenue of 234.05 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 10%, with a net profit of 17.37 billion yuan, up 14.7% [10] - The company’s domestic air conditioning segment drove growth, while overseas markets showed resilience, particularly in North America and Europe [10] - Midea Group achieved a revenue of 1119.3 billion yuan in Q3 2025, with a net profit of 11.87 billion yuan, indicating strong performance in domestic sales [11][17] Group 5 - The report on environmental utilities indicates that ChuanTou Energy's Q3 revenue was 429 million yuan, down 11.3% year-on-year, with a net profit of 176 million yuan, down 16.96% [18] - The report notes that the company is developing multiple renewable energy projects to enhance future profitability [18] - Guotou Power's Q3 revenue was 14.88 billion yuan, down 14% year-on-year, but the overall performance remained stable due to the coal price decline [19]