天眼查商业履历信息显示，上海隧道工程股份有限公司，成立于1993年，位于上海市，是一家以从事建 筑装饰、装修和其他建筑业为主的企业。企业注册资本314409.6094万人民币，实缴资本73352.1347万人 民币。公司法定代表人为葛以衡。 金融界消息 截至2025年8月4日收盘，隧道股份（600820）报收于6.68元，上涨0.75%，换手率1.2%，成 交量37.73万手，成交金额2.51亿元。 资金流向方面，今日主力资金净流入3322.80万元，占比成交额13.24%。其中，超大单净流入1946.07万 元、占成交额7.75%，大单净流入1376.74万元、占成交额5.49%，中单净流出流出1234.48万元、占成交 额4.92%，小单净流出2088.32万元、占成交额8.32%。 隧道股份最新一期业绩显示，截至2025一季报，公司营业总收入105.49亿元、同比减少25.33%，归属净 利润3.30亿元，同比减少25.38%，扣非净利润2.82亿元，同比减少33.74%，流动比率0.904、速动比率 0.891、资产负债率75.75%。 通过天眼查大数据分析，上海隧道工程股份有限公司共对外投资了35家 ...

内容显示，深圳市住房和建设局就上海隧道未采取措施消除事故隐患一案，依据相关规定，对其罚款1万元。行政处罚决定书文号深建罚〔2025〕88号。 齐鲁晚报·齐鲁壹点记者于深圳市住房和建设局信用信息双公示专栏获悉，近日，隧道股份（600820.SH）旗下的上海隧道工程有限公司（下称"上海隧道"） 因未采取措施消除事故隐患等收到罚单。 齐鲁晚报·齐鲁壹点记者在信用中国了解到，上述罚单为上海隧道今年第二次被罚。3月31日，上海隧道因施工单位未确保用火作业符合消防技术标准和规 范，并保证消防设施的完好、有效；施工单位未按照本规定组织危大工程验收，被上海市住房和城乡建设管理委员会依据《上海市建设工程施工安全监督管 理办法》第二十四条第二款第（三）项罚款4.5万元。 | 被执行人 | | --- | | 被执行人姓名/名称： 上海隧道工程有限公司 | | 身份证号码/组织机构代码： 9131010439***820Y | | 执行法院： 上海市徐汇区人民法院 | | 立案时间： 2025年07月11日 | | 案号： ( 2025 ) 沪0104执4866号 | | 执行标的： 213794 | 此外，齐鲁晚报·齐鲁壹点记者 ...

Group 1 - XCMG Machinery (000425) and Shanghai Tunnel Engineering Co., Ltd. (600820) signed a strategic cooperation agreement on July 31 [1] - The collaboration aims to leverage each company's core strengths in international market expansion, intelligent equipment R&D and application, financial cooperation, and urban development services [1] - The partnership is expected to lead the industry towards high-quality development and innovation upgrades [1]

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市公司财务总监CFO群体薪酬规模合计达42.70亿元，平 分行业来看，A股共有149家建筑装饰上市公司公开披露了CFO信息。受上游房地产行业疲软影响，2024年建筑装饰上市公司整体实现营收87347.82亿元，同比下降3.9%；归母净利润录得171 就薪酬水平而言，2024年建筑装饰上市公司CFO平均年薪63.21万元，共有57位CFO高于平均值；年薪中位数为54.64万元，最大值和最小值差距为245.13万元。年收入在100万元以上的CFO 半数以上的CFO身兼数职。报告期内，约17.6%的CFO兼任董事会秘书职位，接近三成CFO兼任总经理或副总经理职位，约10.8%的CFO同时担任审计委员会成员、战略委员会成员或薪酬与考核委 隧道股份CFO葛以衡以246.12万元稳坐第一，约比第二名上海建科财务总监沈新根年薪略高不到3万元。值得关注的是 ...

就年龄结构而言，2024年建筑装饰上市公司CFO平均年龄为48岁，40-50岁群体约占51.0%，50岁以上群体约占36.9%，30-40岁群体约占12.1%。其中，男性 占比66.2%，平均年龄为48.37岁，39.8%超过50岁，40岁以下的CFO共有8名；女性占比34.2%，平均年龄为47.29岁，31.4%在50岁以上，40岁以下的CFO共 10名。 年龄最大的男性CFO为供职于杭州园林的邵如建、浙江建投的王志祥，两位现均已61岁。ST瑞和的女性CFO林望春目前也是61岁，在公司担任董事、副总 经理、财务总监。能辉科技的董事、财务总监宋月月年龄最小，仅为32岁。 就任职期限而言，2024年建筑装饰上市公司CFO任职期在5-10年的占比最高，约为28.2%；任期3-5年和1-3年的CFO排名紧随其后，分别约占25.5%、 24.2%。任期大于10年的CFO共12位，有21位CFO在1年以内刚刚接手。任职时间最长的是日上集团何爱平，他于2010年开始担任财务总监，坚守岗位超15 年。 统计区间内，共有40位CFO辞职离任，健康和工作调动为主要原因，约47.5%已由继任者接任。中材国际、青矩技术、汉嘉设计、 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市公司财务总监 CFO群体薪酬规模合计达42.70亿元，平均年薪为81.48万元。 分行业来看，A股共有149家建筑装饰上市公司公开披露了CFO信息。受上游房地产行业疲软影响，2024年建筑装饰上市公司整体实现营收87347.82亿元，同 比下降3.9%；归母净利润录得1714.72亿元，较2023年下滑16.0%，不到三成公司营收、净利双增。 责任编辑：公司观察 半数以上的CFO身兼数职。报告期内，约17.6%的CFO兼任董事会秘书职位，接近三成CFO兼任总经理或副总经理职位，约10.8%的CFO同时担任审计委员会 成员、战略委员会成员或薪酬与考核委员会成员等董事会专门委员会职能。 隧道股份CFO葛以衡以246.12万元稳坐第一，约比第二名上海建科财务总监沈新根年薪略高不到3万元。值得关注的是，葛以衡也是公司的党委书记、董事 长，自201 ...

隧道股份最新一期业绩显示，截至2025一季报，公司营业总收入105.49亿元、同比减少25.33%，归属净 利润3.30亿元，同比减少25.38%，扣非净利润2.82亿元，同比减少33.74%，流动比率0.904、速动比率 0.891、资产负债率75.75%。 金融界消息 截至2025年7月30日收盘，隧道股份（600820）报收于6.66元，下跌1.62%，换手率1.9%， 成交量59.81万手，成交金额4.01亿元。 资金流向方面，今日主力资金净流出3931.54万元，占比成交额9.81%。其中，超大单净流出190.07万 元、占成交额0.47%，大单净流出3741.47万元、占成交额9.34%，中单净流出流入1209.36万元、占成交 额3.02%，小单净流入2722.18万元、占成交额6.79%。 天眼查商业履历信息显示，上海隧道工程股份有限公司，成立于1993年，位于上海市，是一家以从事建 筑装饰、装修和其他建筑业为主的企业。企业注册资本314409.6094万人民币，实缴资本73352.1347万人 民币。公司法定代表人为葛以衡。 通过天眼查大数据分析，上海隧道工程股份有限公司共对外投资了35家企 ...

Investment Rating - The report maintains a "Buy" recommendation for the construction industry [1] Core Viewpoints - Infrastructure investment growth remains robust, with a broad infrastructure investment growth rate of 8.9% in the first half of 2025, despite a slight decline from previous values [3][30] - Real estate investment continues to face pressure, with a 11.2% year-on-year decline in real estate development investment in the first half of 2025 [44] - The construction sector is experiencing a slight increase in fund holdings, with a fund holding market value ratio of 0.43% in Q2 2025, which is still below the standard allocation ratio of 1.77% [65][66] Summary by Sections Special Debt Issuance - The pace of special debt issuance has accelerated, with a total of 2.16 trillion yuan issued in the first half of 2025, a year-on-year increase of 45% [6][3] - The government plans to issue 4.4 trillion yuan in new local government special bonds in 2025, focusing on investment construction and land acquisition [6] Infrastructure Investment - Fixed asset investment growth has slowed, with a total of 248,654 billion yuan in the first half of 2025, reflecting a 2.8% year-on-year increase [27] - Infrastructure investment remains resilient, with significant growth in the electricity, heat, gas, and water supply sectors, which saw a 22.8% year-on-year increase [35][30] Real Estate Market - Real estate investment and sales continue to decline, with a 3.5% decrease in commodity housing sales area in the first half of 2025 [44] - New construction and completion areas have seen a narrowing decline, with new construction down 20.0% year-on-year but improving from previous months [46] Fund Holdings in Construction - Fund holdings in the construction sector have slightly increased, with a market value of 132.95 billion yuan in Q2 2025, reflecting a 9.24% increase from Q1 2025 [65] - The construction sector remains underweight compared to the standard allocation, indicating potential for growth [65][66] Recommendations - The report recommends focusing on stable growth, high dividends, overseas expansion, and regional construction projects, highlighting companies such as China State Construction, China Railway, and others [3][1]

Investment Rating - The report maintains a "Buy" recommendation for the construction industry [1] Core Viewpoints - Infrastructure investment growth remains robust, with a broad infrastructure investment growth rate of 8.9% in the first half of 2025, despite a slight decline from previous values [3][30] - Real estate investment continues to face pressure, with a year-on-year decline of 11.2% in real estate development investment in the first half of 2025 [45] - The construction sector is experiencing a slight increase in fund holdings, indicating a low allocation compared to standard configuration ratios [66] Summary by Sections Special Bonds Issuance - The issuance of special bonds has accelerated, with a total of 2.16 trillion yuan issued in the first half of 2025, a year-on-year increase of 45% [6] - The government plans to issue 4.4 trillion yuan in new local government special bonds in 2025, focusing on investment construction and land acquisition [6] Infrastructure Investment - Fixed asset investment (excluding rural households) reached 248,654 billion yuan in the first half of 2025, with a year-on-year growth of 2.8% [27] - The investment in the electricity, heat, gas, and water supply sector grew by 22.8% year-on-year, although it showed a decline from the previous month [35] Real Estate Market - The sales area of commercial housing decreased by 3.5% year-on-year in the first half of 2025, with the decline slightly widening [45] - New housing starts decreased by 20.0% year-on-year, but the decline has narrowed compared to previous months [47] Construction Sector Holdings - The fund's holdings in the construction sector increased slightly to 0.43% by the end of Q2 2025, still below the standard allocation ratio of 1.77% [66] - Major state-owned enterprises remain the focus of institutional investors, with significant increases in holdings for companies like China State Construction and Sichuan Road and Bridge [72]

Investment Rating - The report maintains a "Recommended" rating for the construction industry [1] Core Viewpoints - Infrastructure investment growth remains robust, with special bond issuance accelerating to support major projects [3][6] - Real estate investment and sales are under pressure, but the decline in new construction and completion has narrowed [3][44] - The construction sector is experiencing a slight increase in fund holdings, indicating a low allocation compared to standard benchmarks [3][65] Summary by Sections Special Bond Issuance - The pace of special bond issuance has accelerated in 2025, with a total of 2.16 trillion yuan issued in the first half of the year, a 45% year-on-year increase [6] - The government plans to issue 4.4 trillion yuan in new local government special bonds this year, focusing on infrastructure and housing projects [6] Infrastructure Investment - Fixed asset investment (excluding rural households) reached 24.87 trillion yuan in the first half of 2025, with a year-on-year growth of 2.8% [3][27] - Broad infrastructure investment growth was 8.9%, while narrow infrastructure investment growth was 4.6% [30] - Investment in electricity, heat, gas, and water supply grew by 22.8%, while transportation and storage investment increased by 5.6% [3][35] Real Estate Market - Real estate development investment totaled 46.66 billion yuan, down 11.2% year-on-year, with sales area declining by 3.5% [44] - New construction area decreased by 20.0%, but the decline rate has narrowed [46] - The policy measures are expected to improve the supply-demand structure in the real estate market [3][44] Fund Holdings in Construction - As of Q2 2025, the fund holdings in the construction sector accounted for 0.43% of the total market, slightly up from the previous quarter [65] - The construction sector remains underweight compared to the standard allocation ratio of 1.77% [65] - Institutional investors are increasingly favoring segments such as housing construction, decoration, and engineering consulting [65][71]