证券代码：600629 证券简称：华建集团 编号：临2025-056 华东建筑集团股份有限公司 第十一届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 华东建筑集团股份有限公司（以下简称"公司"）第十一届董事会 第十二次会议通知于2025年10月23日以邮件形式发出，会议于2025年10 月28日在公司会议中心第一会议室以现场结合通讯方式召开。本次会议 应到董事八人，现场实到董事五人，董事陆雯、翁逸凡、金健通讯表决。 会议由董事长顾伟华主持。本次董事会的召集、召开符合《公司法》和 《公司章程》的有关规定，表决所形成的决议合法、有效。 表决情况： 8票同意、 0票反对、 0票弃权，该议案通过。 2.《关于下属子公司华建数创重组方案的议案》 1 同意《华建数创(上海)科技有限公司重组方案》。同意公司下属子 公司华建数创（上海）科技有限公司向法院提交重整申请。详见公司同 日披露于上海证券交易所网站(www.sse.com.cn)的公告。 《华建数创(上海)科技有限公司重组方案 ...

Financial Performance - The company's operating revenue for the third quarter was ¥1,667,120,785.24, a decrease of 11.42% compared to the same period last year[4] - The total profit for the third quarter was ¥30,437,337.36, reflecting a significant decline of 60.52% year-on-year[4] - The net profit attributable to shareholders was ¥20,692,377.96, down 67.70% compared to the previous year[4] - The basic earnings per share for the third quarter was ¥0.02, a decrease of 71.43% year-on-year[5] - Total operating revenue for the first three quarters of 2025 was CNY 4,643,977,856.32, a decrease of 15.2% compared to CNY 5,479,614,365.35 in the same period of 2024[20] - Net profit for the first three quarters of 2025 was CNY 160,242,292.80, a decline of 39.2% from CNY 263,637,523.92 in 2024[21] - The company reported a total comprehensive income of CNY 160,239,757.50 for the first three quarters of 2025, compared to CNY 263,637,385.69 in 2024[21] - The total comprehensive income for the period was -42,827,521.86 RMB, compared to -72,509,693.33 RMB in the previous period[30] Cash Flow - The net cash flow from operating activities for the year-to-date was negative at -¥503,215,780.00[4] - Cash flow from operating activities for the first three quarters of 2025 was negative CNY 503,215,780.00, an improvement from negative CNY 708,864,661.24 in 2024[23] - The net cash flow from operating activities for the first three quarters of 2025 was -82,754,246.04 RMB, compared to -36,811,478.28 RMB in the same period of 2024, indicating a significant decline[33] - Total cash inflow from operating activities was 62,353,143.27 RMB, down from 86,769,331.55 RMB year-over-year[32] - The company reported a net cash flow from investment activities of -293,591,794.07 RMB for the first three quarters of 2025, an improvement from -439,232,016.58 RMB in 2024[33] - The company’s total cash outflow from investment activities was 436,876,612.27 RMB, down from 603,673,658.35 RMB in the previous year[33] - The company received 132,717,420.12 RMB from financing activities, while cash outflows for financing activities totaled 175,601,818.43 RMB, resulting in a net cash flow of -42,884,398.31 RMB[33] Assets and Liabilities - The total assets at the end of the reporting period were ¥15,128,419,539.18, a decrease of 3.98% compared to the end of the previous year[5] - As of September 30, 2025, the total current assets amounted to RMB 10,949,474,664.12, a decrease from RMB 11,706,951,396.32 at the end of 2024, reflecting a decline of approximately 6.45%[16][17] - The total assets decreased to RMB 15,128,419,539.18 from RMB 15,755,432,994.20, a decline of about 3.98%[17] - Total liabilities as of the end of the reporting period were CNY 9,529,175,511.54, down from CNY 10,222,140,703.77 in the previous year[18] - The total liabilities as of September 30, 2025, were 2,832,349,275.67 RMB, compared to 2,800,321,755.31 RMB at the end of 2024[27][28] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 73,978[10] - The company’s accounts payable decreased to RMB 6,666,488,538.61 from RMB 6,720,006,498.68, a reduction of about 0.80%[17] Market and Competition - The company reported a decrease in gross profit margin due to intensified market competition and a decline in new contract amounts[9] - The company plans to focus on market expansion and new product development in the upcoming quarters[19] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 179,011,635.93, a decrease of 21.5% from CNY 228,110,868.64 in 2024[20] Legal and Financial Risks - The company has filed a claim for debts totaling RMB 152,834,487.55 against Shanghai Jinxiu Investment Management Co., with RMB 108,090,630 prioritized for recovery[14] - The company is currently involved in a debt confirmation lawsuit regarding the aforementioned claim, indicating potential financial risks[14] Accounting Standards - The company has not adopted new accounting standards for the year 2025[34]

华东建筑集团股份有限公司独立董事 关于公司第十一届董事会第十二次会议相关议案的 独立意见（独立董事专门会议决议） 我们作为华东建筑集团股份有限公司（以下简称"公司"）第十一 届董事会的独立董事，根据《中华人民共和国公司法》《中华人民共和 国证券法》《上市公司独立董事管理办法》《上海证券交易所股票上市 规则》《上海证券交易所上市公司自律监管指引第 1 号-规范运作》等相 关法律法规及规范性文件和《华东建筑集团股份有限公司章程》的相关 规定，本着对公司、全体股东负责的态度，秉持实事求是的原则，对公 司第十一届董事会第十二次会议拟审议的"关于下属子公司华建数创重 组方案的议案"，经独立董事专门会议审议，基于独立判断立场,发表如 下独立意见： 我们认为：公司下属子公司华建数创（上海）科技有限公司（以下 简称"华建数创"）通过上海贸促国际商事调解中心长三角庭外重组中 心形成华建数创重组方案以及华建数创向法院提交重整申请符合公司的 战略规划，程序正当，符合公司及全体股东的利益，不会对公司持续经 营能力、财务状况、经营成果及独立性产生重大不利影响。华建数创重 组方案项下涉及持有公司 5%以上股份的股东上海现代建筑设计（集团 ...

Core Viewpoint - The company is facing operational difficulties due to industry downturn and market conditions, but its subsidiary, Huajian Shuchuang, has restructuring value and is seeking court protection for reorganization [1] Group 1 - The board of directors will meet on October 28, 2025, to review the restructuring plan for Huajian Shuchuang [1] - Huajian Shuchuang has already initiated an out-of-court restructuring process and will submit a reorganization application to the Shanghai Third Intermediate People's Court [1] - There is uncertainty regarding whether Huajian Shuchuang can enter the reorganization process and succeed, which could result in the company losing control over the subsidiary if the restructuring fails [1]

Core Viewpoint - The company reported a significant decline in both revenue and net profit for the third quarter of 2025 compared to the previous year, indicating potential challenges in its financial performance [1] Financial Performance - In Q3 2025, the company achieved a revenue of 1.667 billion yuan, a year-on-year decrease of 11.42% [1] - The net profit attributable to shareholders was 20.6924 million yuan, reflecting a year-on-year decline of 67.70% [1] - Basic earnings per share for Q3 2025 were 0.02 yuan [1] Year-to-Date Performance - For the first three quarters of 2025, the company reported a total revenue of 4.644 billion yuan, down 15.25% year-on-year [1] - The net profit attributable to shareholders for the first three quarters was 158 million yuan, a decrease of 37.25% compared to the same period last year [1] - Basic earnings per share for the first three quarters were 0.16 yuan [1]

Core Insights - Huajian Group (600629.SH) reported a decline in revenue and net profit for Q3 2025, with revenue at 1.667 billion yuan, a year-on-year decrease of 11.42%, and net profit at 20.6924 million yuan, down 67.70% [1] - For the first three quarters of 2025, the company recorded revenue of 4.644 billion yuan, a year-on-year decline of 15.25%, and net profit of 158 million yuan, down 37.25% [1] - The decline in revenue is attributed to lower-than-expected new contract amounts and increased market competition, which has led to a decrease in gross margin [1] Financial Performance - Q3 revenue: 1.667 billion yuan, down 11.42% year-on-year [1] - Q3 net profit: 20.6924 million yuan, down 67.70% year-on-year [1] - Year-to-date revenue: 4.644 billion yuan, down 15.25% year-on-year [1] - Year-to-date net profit: 158 million yuan, down 37.25% year-on-year [1] Market Conditions - The company faces intensified market competition, contributing to a decline in gross margin [1] - Fixed costs are under pressure due to rigid factors, compounding the challenges faced by the company [1]

Core Insights - A total of 490 stocks in the Shanghai and Shenzhen markets have experienced net outflows of main funds for five consecutive days or more as of October 29 [1] - The stock with the longest continuous net outflow is Zhongju Gaoxin, with 31 days of outflows, followed by Hengshen New Materials with 21 days [1] - The largest total net outflow amount is from China Merchants Bank, with a cumulative outflow of 3.093 billion yuan over 12 days [1] Group 1: Stocks with Longest Net Outflows - Zhongju Gaoxin has seen net outflows for 31 days, with a total outflow of 559 million yuan and a cumulative decline of 6.91% [1] - Hengshen New Materials has recorded net outflows for 21 days, totaling 197 million yuan, with a decline of 9.80% [3] - China Merchants Bank has the highest net outflow amount of 3.093 billion yuan over 12 days, with a net outflow ratio of 6.98% and a cumulative increase of 1.65% [1] Group 2: Other Notable Stocks - Guotai Junan has experienced net outflows for 10 days, amounting to 1.877 billion yuan, with a net outflow ratio of 7.89% and a cumulative increase of 2.70% [1] - Shengbang Co. has seen net outflows for 12 days, totaling 1.826 billion yuan, with a net outflow ratio of 9.52% and a cumulative decline of 10.65% [1] - Huajian Group has recorded net outflows for 6 days, with a total outflow of 1.713 billion yuan and a significant decline of 40.29% [1] Group 3: Stocks with Significant Outflow Ratios - Jianan Intelligent has the highest net outflow ratio at 14.74%, with a decline of 2.98% over the past 5 days [1] - Other notable stocks with high outflow ratios include Huayi Development at 11.91% and Pianzaihuang at 11.84% [1] - The overall trend indicates a significant outflow of funds from various sectors, reflecting investor sentiment and market conditions [1]

Core Viewpoint - Huajian Group (600629) experienced a significant decline of 9.98% in its stock price, with a trading volume of 3.641 billion yuan and a turnover rate of 15.27% on the day of the report [2] Trading Activity - The stock was listed on the Shanghai Stock Exchange's "Dragon and Tiger List" due to a daily price deviation of -9.76%, with a net sell of 83.88 million yuan from the Shanghai-Hong Kong Stock Connect [2] - The top five trading departments accounted for a total transaction volume of 369 million yuan, with a buying amount of 148 million yuan and a selling amount of 221 million yuan, resulting in a net sell of 73.18 million yuan [2] - The largest selling department was the Shanghai-Hong Kong Stock Connect, with a selling amount of 83.88 million yuan [2] Fund Flow - The stock saw a net outflow of 671 million yuan from major funds, including a net outflow of 392 million yuan from large orders and 278 million yuan from medium orders [2] - Over the past five days, the total net outflow from major funds reached 1.675 billion yuan [2] Financial Performance - For the first half of the year, Huajian Group reported a revenue of 2.977 billion yuan, a year-on-year decrease of 17.25%, and a net profit of 137 million yuan, down 26.84% year-on-year [2]

Market Overview - The market experienced slight declines with mixed performance across indices, yet the overall profit-making effect was not strong [3] - The Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index fell by 0.22%, 0.44%, and 0.15% respectively, with nearly 3,000 stocks declining and over 2,300 rising [3] - The total trading volume in the two markets remained at 1.1 trillion [3] Fujian Local Stocks - Fujian local stocks surged significantly following a series of articles from Xinhua News Agency, with notable performances from Pingtan Development and Dahua Intelligent, both achieving four consecutive trading limit increases [7] - The sector saw an overall increase of over 6% by the end of the trading day, marking a true breakout after continuous testing [7] - Other stocks such as Xiamen Port and Xiamen Airport also reached their daily limits, indicating strong investor interest [7] Abstract Stocks - Abstract stocks began to gain momentum in the afternoon, with Unification Holdings leading the charge and achieving a rapid increase [9] - Guotong Holdings attempted to reach its limit but ultimately closed up by 5.48% due to less favorable name recognition compared to peers [9] - Other stocks like Huasheng Technology also saw significant gains, reflecting a trend of speculative trading based on company names [9] Jinfu Technology - Jinfu Technology announced a significant order for a custom-developed cooling architecture for a Taiwanese client, which contributed to its stock price surge [11] - The company is preparing for production related to the next-generation B300 chip, aligning well with market expectations [11] - Despite a history of annual losses, the stock's performance indicates strong speculative interest driven by recent announcements [11] Huajian Group - Huajian Group faced a dramatic decline, with a cumulative drop of over 40% in the last five trading days, attributed to a lack of clarity regarding its future plans [14] - The stock's previous surge of over 200% was linked to speculation about a potential asset restructuring, which was later denied by the company [14] - The recent sell-off has attracted attention from retail investors looking to capitalize on perceived undervaluation despite the stock's volatility [14]

Market Overview - The low-altitude economy sector experienced a decline of 0.22% on October 28, with Huajian Group leading the drop [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Top Performers in Low-Altitude Economy - Aerospace Development (code: 000547) saw a significant increase of 9.95%, closing at 8.84, with a trading volume of 1.61 million shares and a transaction value of 1.399 billion [1] - Nanjing Jinglong (code: 300644) rose by 8.60%, closing at 36.36, with a trading volume of 156,100 shares and a transaction value of 570 million [1] - Other notable gainers include: - China National Materials (code: 002080) up 6.87% to 34.54 [1] - Bidding Co., Ltd. (code: 301136) up 5.97% to 13.14 [1] - Wanxiang Qianchao (code: 000559) up 5.89% to 12.05 [1] Underperformers in Low-Altitude Economy - Huajian Group (code: 600629) led the decline with a drop of 9.98%, closing at 24.18, with a trading volume of 1.4556 million shares and a transaction value of 364.1 million [2] - Other significant losers include: - Shenke Co., Ltd. (code: 002278) down 9.57% to 14.36 [2] - Holoever (code: 688682) down 4.53% to 32.46 [2] Capital Flow Analysis - The low-altitude economy sector saw a net outflow of 3.361 billion from institutional investors, while retail investors contributed a net inflow of 3.044 billion [2][3] - Notable capital flows include: - Aerospace Development had a net inflow of 505 million from institutional investors, while retail investors had a net outflow of 227 million [3] - China National Materials experienced a net inflow of 17.9 million from institutional investors, with a net outflow of 1.76 billion from retail investors [3]