Core Viewpoint - China Communications Construction Design (SH 600720) reported a decline in both revenue and net profit for the first three quarters of 2025, indicating potential challenges in its financial performance [1]. Financial Performance - Revenue for the first three quarters of 2025 was approximately 6.116 billion yuan, a year-on-year decrease of 9.09% [1]. - Net profit attributable to shareholders was around 752 million yuan, reflecting a year-on-year decline of 23.29% [1]. - Basic earnings per share were 0.3278 yuan, down 31.07% compared to the previous year [1].

Group 1 - The company, China Communications Design (SH 600720), announced its 17th board meeting of the 10th session held on October 30, 2025, discussing the budget plan for total salary expenses for 2024 and 2025 [1] - For the year 2024, the company's revenue composition is reported as 98.59% from services and 1.41% from other businesses [1]

证券代码：600720 证券简称：中交设计 公告编号：2025-038 中交设计咨询集团股份有限公司 第十届董事会第十七次会议决议公告 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法律责任。 一、董事会会议召开情况 2025 年 10 月 20 日，公司以书面形式发出第十届董事会第十七次会议的通 知。会议于 2025 年 10 月 30 日以现场加通讯（视频会议）方式召开。会议应到 董事 8 名，现场参会并表决的董事 3 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《关于审议公司<2025 年第三季度报告>的议案》 1.同意通过《2025 年第三季度报告》。具体内容详见同日在上海证券交易所 网站（www.sse.com.cn）披露的《中交设计 2025 年第三季度报告》。 2.本议案在提交董事会前已经第十届董事会审计委员会 2025 年第五次会议 审议通过，并同意提交董 ...

Financial Performance - The company's operating revenue for the third quarter was approximately ¥1.76 billion, a decrease of 1.18% compared to the same period last year[6]. - Total profit for the third quarter was approximately ¥247.18 million, down 38.53% year-on-year[6]. - Net profit attributable to shareholders was approximately ¥192.91 million, reflecting a decline of 45.39% compared to the previous year[6]. - The basic earnings per share for the third quarter was ¥0.0841, a decrease of 50.90% year-on-year[6]. - Net profit for the first three quarters of 2025 was CNY 767,877,034.75, a decline of 22.9% from CNY 996,342,292.12 in 2024[21]. - Basic and diluted earnings per share for the first three quarters of 2025 were CNY 0.3278, down from CNY 0.4756 in the same period of 2024[22]. Assets and Liabilities - The total assets at the end of the reporting period were approximately ¥30.31 billion, a decrease of 1.40% from the end of the previous year[6]. - Total current assets as of September 30, 2025, amount to ¥20,810,040,619.56, a decrease from ¥21,031,093,811.59 as of December 31, 2024[17]. - The total liabilities as of September 30, 2025, were CNY 14,700,209,256.87, compared to CNY 15,382,251,584.31 as of December 31, 2024[19]. - The company's total current liabilities as of September 30, 2025, were CNY 11,651,185,364.49, compared to CNY 12,207,444,405.53 at the end of 2024[19]. Cash Flow - The net cash flow from operating activities for the year-to-date was approximately -¥1.09 billion, indicating a negative cash flow situation[6]. - In the first three quarters of 2025, the cash inflow from operating activities was CNY 6,773,333,929.87, a decrease of 8.8% compared to CNY 7,431,073,272.96 in the same period of 2024[24]. - The net cash outflow from operating activities was CNY -1,087,537,950.38, improving from CNY -1,384,730,137.52 in the first three quarters of 2024[25]. - The cash inflow from investment activities was CNY 193,415,156.64, down 74.2% from CNY 750,457,656.70 in the same period of 2024[25]. - The total cash and cash equivalents at the end of the period was CNY 6,079,680,222.20, slightly down from CNY 6,141,503,051.30 at the end of the same period in 2024[25]. Shareholder Information - Total number of common shareholders at the end of the reporting period is 65,059[13]. - The largest shareholder, China Communications Construction Company, holds 1,110,869,947 shares, representing 48.41% of total shares[13]. - The equity attributable to shareholders increased by 1.57% to approximately ¥15.26 billion compared to the end of the previous year[6]. - The total equity attributable to shareholders of the parent company was CNY 15,260,061,621.67 as of September 30, 2025, an increase from CNY 15,024,654,959.11 at the end of 2024[19]. Operational Insights - The company experienced a significant decline in profitability due to a slowdown in revenue from certain projects while costs continued to rise[11]. - There are no significant reminders for investors regarding the company's operational situation during the reporting period[15]. - The company has no significant changes in the participation of major shareholders in margin trading and securities lending[14].

Core Viewpoint - The company reported a decline in both revenue and net profit for the third quarter and the first three quarters of the year, indicating potential challenges in its financial performance [1] Financial Performance - In the third quarter, the company achieved a revenue of 1.757 billion yuan, a year-on-year decrease of 1.18% [1] - The net profit attributable to shareholders for the third quarter was 193 million yuan, down 45.39% year-on-year [1] - For the first three quarters, the company reported a total revenue of 6.116 billion yuan, reflecting a year-on-year decline of 9.09% [1] - The net profit attributable to shareholders for the first three quarters was 752 million yuan, which is a decrease of 23.29% compared to the same period last year [1]

中交设计咨询集团股份有限公司 关于召开 2025 年第三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： 会议召开时间：2025 年 11 月 6 日（星期四）上午 10:00-11:00 投资者可于 11 月 5 日（星期三）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。 证券代码：600720 证券简称：中交设计 公告编号：2025-039 公司于 2025 年 10 月 31 日发布 2025 年第三季度报告，为便于广大投资者更 全面深入地了解公司 2025 年截至三季度经营成果和财务状况，公司计划于 2025 年 11 月 6 日上午 10:00-11:00 召开 2025 年第三季度业绩说明会，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 年截至三季度 经营情况及财务指标的具体情况与投资者进行互 ...

证券代码：600720 证券简称：中交设计 公告编号：2025-040 中交设计咨询集团股份有限公司 关于使用部分暂时闲置募集资金进行现金管理及以 协定存款方式存放募集资金事宜的公告 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。 重要内容提示： 已履行的审议程序：公司于 2025 年 10 月 30 日召开第十届董事会第十七 次会议，会议审议通过了《关于使用部分暂时闲置募集资金进行现金管理及以协 定存款方式存放募集资金的议案》，同意公司以协定存款方式存放募集资金，并 使用最高额度不超过人民币 100,000 万元的闲置募集资金，投资单项产品期限最 长不超过 12 个月的结构性存款、大额存单等安全性高、流动性好的保本型产品 进行日常资金管理。使用期限为自董事会审议通过之日起 12 个月内有效，在上 述额度内，资金可滚动使用。独立财务顾问中信证券股份有限公司已发表明确同 意的核查意见。 特别风险提示：公司拟购买理财产品属于安全性高、流动性好的保本型 产品，但仍不排除因市场波动、宏观金融政策变化等原因引起的影响收益的情况。 1.资 ...

中交设计咨询集团股份有限公司(以下简称"公司""中交设计")于 2025 年 8 月 28 日召开第十届董事会第十六次会议，审议通过了《关于审议子公司与关联 方共同投资设立合资公司暨关联交易》的议案，同意公司全资子公司中交第一公 路勘察设计研究院有限公司与关联方北京中交科技创新创业基金合伙企业(有限 合伙)、中国城乡控股集团有限公司、中国交通信息科技集团有限公司共同投资 设立中交(西安)数字产业有限公司。具体内容详见公司于 2025 年 8 月 29 日在 上海证券交易所网站(www.sse.com.cn)上披露的《关于子公司与关联方共同投资 设立合资公司暨关联交易的公告》。 近日，中交(西安)数字产业有限公司已完成工商注册登记，并取得由西安市 市场监督管理局颁发的《营业执照》，具体信息如下: 证券代码：600720 证券简称：中交设计 公告编号：2025-037 中交设计咨询集团股份有限公司 关于控股子公司完成工商注册登记暨关联交易进展 公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 经营范围：一般项目：数据处理服务；数字技术服务；信息技术咨询服务； ...

Core Viewpoint - Recently, China Communications (Xi'an) Digital Industry Co., Ltd. was established with a registered capital of 50 million yuan, focusing on artificial intelligence software development and related services [1] Company Summary - The new company is a joint venture involving China Communications Design (600720) and its wholly-owned subsidiary, China Communications First Highway Survey and Design Institute Co., Ltd., along with China Urban Construction Group Co., Ltd. [1] - The business scope includes the development of basic and application software for artificial intelligence, software sales, system integration services for AI applications, and technical consulting for AI public service platforms [1]

Core Insights - In the past five trading days (October 20 to October 24), a total of 9 companies saw significant shareholder increases, with a cumulative increase of 242 million shares and a total investment of 2.994 billion yuan [1] - During the same period, 107 companies experienced shareholder reductions, amounting to a total reduction of 9.443 billion yuan [1] Summary by Category Shareholder Activity - The top three companies with the highest increase in shareholder investment are Sichuan Road and Bridge, with an increase of 174 million shares and an investment of 1.530 billion yuan; followed by Changjiang Electric Power, with an increase of 49.56 million shares and an investment of 1.366 billion yuan; and Wuzhou Transportation, with an increase of 3.826 million yuan [1][2] - The main board accounted for 9 stocks in the shareholder increase category, with a total increase amount of 2.994 billion yuan [1] Industry Distribution - The significant shareholder increases were primarily concentrated in the steel and construction decoration industries, with 2 stocks each [1] Market Performance - The average increase in stock prices for companies with shareholder increases over the past five days was 1.86%, which was weaker than the overall performance of the Shanghai Composite Index during the same period [1] - Notable stock price increases were observed in Huamao Technology (10.62%), Wuzhou Transportation (2.84%), and China Communications Design (2.63%), while declines were seen in Vanadium Titanium Shares (-1.01%) and Xingfa Group (-0.56%) [1][2] Fund Flow - Among the stocks with shareholder increases, 6 experienced net inflows of main funds, with Changjiang Electric Power leading at a net inflow of 171 million yuan [2] - The stocks with the highest net outflows included Vanadium Titanium Shares and Jiangzhong Pharmaceutical, with outflows of 67 million yuan and 6 million yuan, respectively [2] Performance Metrics - Of the stocks with significant shareholder increases, 2 have released their third-quarter reports, with Jiangzhong Pharmaceutical showing the highest net profit growth of 5.54% year-on-year [2]