证券代码：600720 证券简称：中交设计 公告编号：2025-024 中交设计咨询集团股份有限公司 关于召开2024年年度股东大会的通知 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： 股东大会召开日期：2025年6月26日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、召开会议的基本情况 (一) 股东大会类型和届次 2024年年度股东大会 (四) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 6 月 26 日 至2025 年 6 月 26 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 股东大会召集人：董事会 (二) 投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相 结合的方式 (三) 现场会议召开 ...

证券代码：600720 证券简称：中交设计 公告编号：2025-022 中交设计咨询集团股份有限公司 第十届监事会第十四次会议决议公告 中交设计咨询集团股份有限公司（简称本公司或公司）监事会及全体监事 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。 一、监事会会议召开情况 2025 年 5 月 23 日，公司以书面形式发出第十届监事会第十四次会议的通知。 会议于 2025 年 5 月 30 日以现场加通讯（视频会议）方式召开。会议应到监事 3 名，参会并表决的监事 3 名。本次会议的召集、召开和表决程序及方式符合有关 法律法规以及《公司章程》的规定。 二、监事会会议审议情况 （一）审议通过《关于审议取消公司监事会并修订<公司章程>及其附件议 事规则的议案》 1.同意取消监事会并修订《公司章程》及其附件《股东大会议事规则》《董 事会议事规则》。具体内容详见同日在上海证券交易所网站（www.sse.com.cn） 上披露的《中交设计咨询集团股份有限公司章程》《中交设计咨询集团股份有限 公司股东会规则》《中交设计咨询集团股份有限公司董事会议事规则》。 2 ...

证券代码：600720 证券简称：中交设计 公告编号：2025-021 中交设计咨询集团股份有限公司 第十届董事会第十五次会议决议公告 中交设计咨询集团股份有限公司（简称本公司或公司）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。 一、董事会会议召开情况 2025 年 5 月 23 日，公司以书面形式发出第十届董事会第十五次会议的通知。 会议于 2025 年 5 月 30 日以现场加通讯（视频会议）方式召开。会议应到董事 9 名，现场参会并表决的董事 4 名，视频方式参会并表决的董事 5 名。公司高级管 理人员列席了会议，会议由董事长崔玉萍主持。本次会议的召集、召开和表决程 序及方式符合有关法律法规以及《公司章程》的规定。 二、董事会会议审议情况 （一）审议通过《关于取消公司监事会并修订<公司章程>及其附件议事规 则的议案》 1.同意取消监事会并修订《公司章程》及其附件《股东大会议事规则》《董 事会议事规则》。具体内容详见同日在上海证券交易所网站（www.sse.com.cn） 上披露的《中交设计咨询集团股份有限公司章程》《中交设 ...

Summary of the Conference Call for China Communications Design (中交设计) Company Overview - **Company**: China Communications Design (中交设计) - **Industry**: Engineering and Design Services Key Financial Performance - **2024 Revenue**: Decreased due to the divestment of engineering contracting business, but net profit attributable to shareholders reached 1.751 billion yuan, with a weighted average return on equity of 13% [2][4] - **2024 Gross Margin**: Improved to 29.3%, an increase of 2.2 percentage points year-on-year [4] - **Debt Ratio**: Reduced to 50%, indicating an optimized financial structure [2][4] - **Q1 2025 Performance**: New contracts signed amounted to 5.35 billion yuan, a 7% year-on-year increase; revenue was 1.67 billion yuan, with a net profit of 100 million yuan [5] Business Strategy and Future Growth - **Focus Areas**: - Upgrading core business in smart transportation and digital engineering management [6] - Enhancing high-end consulting services [6] - Expanding into emerging sectors like low-altitude economy and new energy infrastructure [6] - Increasing overseas business, targeting a growth in overseas revenue to 40%-50% [3][17] - **Integration of AI**: AI technology has been deeply integrated into operations, significantly enhancing productivity in design tasks [16] Market Dynamics and Industry Trends - **Order Growth**: Anticipated order growth of 3% in 2024 and 7% in 2025, supported by national market layout and central enterprise system regulation [2][11] - **Low-altitude Economy**: The sector has cooled in 2025 due to the need for improved safety management and market demand not yet reaching scale [12][14] - **Impact of National Policies**: The introduction of a 2 trillion yuan debt relief policy is expected to improve the financial situation of the industry, although its effects on the design sector are still to be observed [18] Competitive Landscape - **Internal Competition**: Minimal internal competition within the group, as the design institutes cover all relevant business areas [8] - **Order Acquisition**: Orders are primarily obtained through partnerships with engineering bureaus in a joint bidding model [9] Challenges and Considerations - **Integration of External Design Companies**: Difficulty in integrating external design companies into the group due to their high proportion of contracting business [10] - **Financial Pressure on Local Governments**: Ongoing financial strain on local governments may slow down the recovery of large projects and infrastructure investments [18] Outlook - **2025 Goals**: Aim for stable profits with a target of 3% profit growth, while maintaining a minimum dividend payout ratio of 30% to protect shareholder interests [20] - **New Five-Year Plan**: Anticipated increase in order volume due to the transition from the 14th to the 15th Five-Year Plan [19]

证券代码：600720 证券简称：中交设计 中交设计咨询集团股份有限公司 投资者关系活动记录表 答：行业结构优化升级。我国基础设施建设加速向低碳、数智、融合、安全等一体 化发展，传统行业向智能转型，新基建潜力巨大。设计行业进入结构调整期，由内生式 发展向外延式发展转变，重组并购趋势明显，行业整合加速。公司作为龙头企业，将巩 固竞争力，扩大市场份额。 数字化革命推动行业转型升级。财政部、交通运输部支持公路水路交通基础设施数 字化转型，打造示范通道。国家发改委等四部门推进城市全域数字化转型，数据要素贯 穿城市全生命周期。智慧城市和交通基础设施数字化建设为设计咨询行业带来新契机， 催生新产业、新业态、新模式。 绿色转型成为行业发展新导向。2024年以来，一系列政策为行业绿色转型提供支 持，中央经济工作会议提出协同推进降碳减污扩绿增长，培育绿色建筑等新增长点，为 设计咨询行业带来新机遇。 投资者关系 活动类别 □特定对象调研 □媒体采访 □新闻发布会 □现场参观 ☑分析师会议 □业绩说明 □路演活动 □其他 参与单位名称 参与单位：华泰证券、中金公司、国信证券、财通证券、国投证 券、国盛证券、光大证券、国泰海通证券 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [11] Core Views - The company reported a revenue of 1.674 billion yuan in the first quarter, a year-on-year decrease of 21.77%, while the net profit attributable to shareholders was 94 million yuan, an increase of 1.91% year-on-year [2][8] - The decline in revenue is primarily due to the divestment of the engineering general contracting business, while the net profit remained stable due to credit impairment reversals [14] - The company has a robust backlog of contracts and has seen significant growth in overseas business, with new overseas contracts amounting to 218 million USD, a year-on-year increase of 81.6% [14] - The company is focusing on new industries such as renewable energy and low-altitude economy, which, combined with its overseas expansion, is expected to drive net profit growth in the coming years [14] Summary by Sections Financial Performance - In Q1, the company achieved a gross margin of 14.83%, a decrease of 1.16 percentage points year-on-year, with a net profit margin of 5.61%, an increase of 1.30 percentage points year-on-year [14] - The operating cash flow showed a net outflow of 1.073 billion yuan, which is an increase in outflow of 76 million yuan year-on-year, while the collection ratio improved to 120.32%, up 15.29 percentage points year-on-year [14] Contract and Business Development - The company signed new contracts worth 17.28 billion yuan in 2024, with domestic contracts at 15.73 billion yuan and overseas contracts at 218 million USD [14] - The company is recognized as a leader in the design industry, with significant advantages in overseas markets due to its parent company, China Communications Construction Company [14] Future Outlook - The company is expected to achieve net profits of 1.797 billion yuan, 1.890 billion yuan, and 2.069 billion yuan for the years 2025 to 2027, corresponding to current price-to-earnings ratios of 10.10, 9.60, and 8.77 respectively [14]

Investment Rating - The report maintains a "Buy" rating for the company [1] Core Views - The company has optimized its business structure, leading to a slight increase in gross margin despite a decline in revenue [6][7] - The company is focusing on strategic emerging industries, including new energy, low-altitude economy, and underground space, to accelerate its transformation [10][11] - The controlling shareholder's plan to increase holdings reflects confidence in the company's future development [9] Summary by Sections Financial Performance - In 2024, the company achieved operating revenue of 12.434 billion yuan, a decrease of 8.0% year-on-year, and a net profit attributable to shareholders of 1.751 billion yuan, down 0.8% [5] - For Q1 2025, the company reported operating revenue of 1.667 billion yuan, a decline of 21.8% year-on-year, but a net profit increase of 1.9% to 90 million yuan [5][6] Business Structure and Strategy - The company has seen a significant increase in overseas business, with revenue from international operations growing by 67.4% year-on-year [6] - New contracts signed in 2024 totaled 17.28 billion yuan, with a notable increase in overseas contracts, which reached 218 million USD, up 81.6% [8] Cost Management and Profitability - The company improved its gross margin to 29.4% in 2024, up 2.23 percentage points year-on-year, due to better cost control and an increase in investment income [7] - In Q1 2025, the gross margin was 14.8%, with a net margin of 5.9%, reflecting ongoing efforts to manage costs effectively [7] Future Outlook - The company has sufficient contracts on hand and is actively expanding into new strategic areas, which is expected to support future growth [11] - Profit forecasts for 2025 and 2026 have been adjusted to 1.812 billion yuan and 1.898 billion yuan, respectively, reflecting a cautious outlook due to local government financial constraints [11]

Core Viewpoint - The company is committed to enhancing quality and efficiency while ensuring shareholder returns through a comprehensive action plan aimed at high-quality development and value recovery [31][32]. Financial Data - The company has not audited its first-quarter financial statements for 2025 [3]. - The company reported a net profit of 0 yuan for the merged entity prior to the merger [9]. Shareholder Information - As of the end of the reporting period, the controlling shareholder, China Communications Construction Company, and its affiliates hold approximately 57.01% of the company's total shares [5][6]. - The company plans to increase its shareholding through its subsidiary, with a minimum investment of 1.0 billion yuan and a maximum of 2.0 billion yuan [6][7]. Corporate Governance - The board of directors and the supervisory board have confirmed the accuracy and completeness of the quarterly report, taking legal responsibility for its content [2][11]. - The company emphasizes the importance of corporate governance and compliance with legal regulations to protect shareholder rights [40]. Strategic Initiatives - The company aims to focus on high-quality development by enhancing its core competitiveness in design consulting services and expanding into related areas [32]. - The company plans to deepen its international presence and engage in significant projects along the Belt and Road Initiative [33]. Shareholder Returns - The company has established a cash dividend policy, committing to distribute at least 30% of its average distributable profits over the last three years [36]. - The company has distributed a total of 757 million yuan in cash dividends since its listing, ensuring stable returns for shareholders [36]. Investor Communication - The company will hold an investor briefing on April 29, 2025, to discuss its first-quarter performance and address investor questions [21][23]. - The company is committed to improving the quality of information disclosure and enhancing communication channels with investors [38].

证券代码：600720 证券简称：中交设计 公告编号：2025-020 中交设计咨询集团股份有限公司 关于召开 2025 年第一季度业绩说明会的公告 中交设计咨询集团股份有限公司（简称本公司或公司）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： 投资者可于 4 月 29 日（星期二）12:00 前通过公司邮箱（ccccdc@cccclt d.cn）进行提问，公司将在说明会上对投资者普遍关注的问题进行回答。 公司于 2025 年 4 月 26 日发布 2025 年第一季度报告，为便于广大投资者更 全面深入地了解公司 2025 年一季度经营成果和财务状况，公司计划于 2025 年 4 月 29 日下午 15:00-16:00 举行 2025 年第一季度业绩说明会，就投资者关心的问 题进行交流。 一、说明会类型 本次投资者说明会以网络互动的形式召开，公司将针对 2025 年一季度经营 情况及财务指标的具体情况与投资者进行互动交流和沟通，在信息披露允许的范 围内就投资者普遍关注的问题进行回答。 二、说明会召开的时间、 ...

证券代码：600720 证券简称：中交设计 公告编号：2025-018 中交设计咨询集团股份有限公司 第十届监事会第十三次会议决议公告 中交设计咨询集团股份有限公司（简称本公司或公司）监事会及全体监事 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。 一、监事会会议召开情况 2025 年 4 月 21 日，公司以书面形式发出第十届监事会第十三次会议的通知。 会议于 2025 年 4 月 25 日以电子通信方式召开。会议应到监事 3 名，参会并表决 的监事 3 名。本次会议的召集、召开和表决程序及方式符合有关法律法规以及《公 司章程》的规定。 二、监事会会议审议情况 （一）审议通过《关于审议公司<2025 年第一季度报告>的议案》 1.同意公司 2025 年第一季度报告的主要内容，具体内容详见同日在上海证 券交易所网站（www.sse.com.cn）上披露的《2025 年第一季度报告》。 2.监事会认为：公司 2025 年第一季度报告的编制和审议程序规范合法，符 合法律法规、《公司章程》和公司内部管理制度的各项规定；公司 2025 年第一 季度报告内容 ...