Core Insights - The main point of the article is the significant progress made in the construction of the Xiamen Tongxiang High-tech City PPP project, with the completion of the main structure of the first phase of the new housing project, marking a new stage in its development [1][2]. Group 1: Project Overview - The project is located in the core area of the Xiamen Tongxiang High-tech City development zone, covering a land area of 37,016 square meters and a total construction area of approximately 154,000 square meters [1]. - The construction includes 8 high-rise residential buildings, 3 single-story auxiliary buildings, and a two-level underground garage, with the tallest building reaching 32 stories and a maximum height of 97.65 meters [1]. Group 2: Challenges and Solutions - The project faced numerous challenges, including deep foundation pits, long anchor cable construction periods, multiple overlapping work areas, and complex construction environments, with the maximum excavation depth reaching 16.0 meters and a total foundation pit area of approximately 45,000 square meters [2]. - The construction team utilized innovative technologies and management optimizations to overcome these challenges, implementing a "pile + anchor + waterproof curtain" support scheme to address the difficulties of deep excavation and high water levels [2]. Group 3: Quality Control and Innovations - The project adopted a "first piece system" construction model to establish physical samples before starting various sub-projects, ensuring precise guidance for subsequent construction [3]. - Innovative integration of 3D modeling, virtual simulation, and dynamic handover techniques addressed traditional scaffolding construction challenges, leading to the award of the 2024 Excellent Technical Achievement by China Communications Construction Group [3]. Group 4: Impact and Significance - The completion of the first phase of the new housing project will enhance the functional layout of the area and promote the self-organization and self-circulation of the urban support system [3]. - The project is expected to significantly improve the living environment quality in the high-tech city area, facilitate industrial clustering, and accelerate the deep integration of "people, industry, and city" [3].

Core Viewpoint - Tunnel Corporation (600820) announced a total bid amount of 69.029 billion yuan for construction, design, operation, and digital business in the first three quarters of 2025, representing a year-on-year increase of 5.06% [1] Summary by Category - **Financial Performance** - The total bid amount for the first three quarters of 2025 reached 69.029 billion yuan, which is a 5.06% increase compared to the same period last year [1]

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、新增项目情况汇总 2025 年前三季度，上海隧道工程股份有限公司及下属子公司项 目中标情况如下： | 证券代码：600820 | 股票简称：隧道股份 | | | 编号：临 | 2025-046 | | --- | --- | --- | --- | --- | --- | | 债券代码：115633 | 债券简称：23 | 隧道 | K1 | | | | 债券代码：115902 | 债券简称：23 | 隧道 | K2 | | | 上海隧道工程股份有限公司 2025 年前三季度主要经营情况公告 | 设计业务 | 订单总个数 | | 1912 | 343,718.85 | 100.00 | -9.93 | | --- | --- | --- | --- | --- | --- | --- | | 运营业务 | 订单总个数 | | 631 | 654,904.91 | 100.00 | 46.60 | | 数字业务 | 订单总个数 | | 174 | 45,245.67 | ...

（文章来源：证券日报） 证券日报网讯 10月16日晚间，隧道股份发布公告称，2025年半年度利润分配方案为A股每股现金红利 0.08元（含税），股权登记日为2025年10月23日，除权（息）日为2025年10月24日。 ...

证券代码：600820 证券简称：隧道股份 公告编号：2025-045 上海隧道工程股份有限公司 2025年半年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.08元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/10/23 | － | 2025/10/24 | 2025/10/24 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 公司于 2025 年 6 月 27 日召开的公司 2024 年年度股东大会会议，审议通过《公司股东 大会对董事会授权方案》，股东大会授权董事会在符合中期分红前提条件下，择时择机论证、 制定、实施公司中期分红方案，以及办理与中期分红相关的所有必须事项（详见公司于 2025 年 6 月 18 日披露的《公司 2024 年度股东大会会议文件》）。 公司于 2025 年 8 月 2 ...

Group 1 - The board meeting of Shanghai Tunnel Engineering Co., Ltd. was held on October 14, 2025, with all 8 directors present, and the meeting complied with relevant laws and regulations [5] - All resolutions presented at the board meeting were approved unanimously, with no votes against or abstentions [3][4] - The board approved the work report and the proposal for the election of the 11th board of directors, which will consist of 9 members, including 3 independent directors [6][8] Group 2 - The 11th board candidates include recommendations from the controlling shareholder Shanghai Urban Construction Group and the second-largest shareholder Shanghai Guosheng Group, with specific candidates listed [6][7] - The board also approved the convening of the first extraordinary shareholders' meeting of 2025 to discuss the work report and the board election proposal [12] - The board agreed to apply for the issuance of shelf ABS (Asset-Backed Securities) not exceeding 3 billion yuan, to be submitted by a subsidiary [12]

Group 1 - The board meeting of Shanghai Tunnel Engineering Co., Ltd. was held on October 14, 2025, with all 8 directors present, and the meeting was conducted in accordance with relevant laws and regulations [5] - All resolutions proposed during the board meeting were approved unanimously, with no dissenting or abstaining votes [3][4] - The board approved the election of the 11th board of directors, which will consist of 9 members, including 3 independent directors and 1 employee director [6] Group 2 - The board of directors communicated with the actual controller, Shanghai State-owned Assets Supervision and Administration Commission, and major shareholders to propose candidates for the 11th board [6] - The candidates for the 11th board include recommendations from Shanghai Urban Construction Group and Shanghai Guosheng Group [6][7] - The board also approved the convening of the first temporary shareholders' meeting of 2025 to discuss the board work report and the election proposal [12] Group 3 - The board agreed to apply for the issuance of shelf ABS (Asset-Backed Securities) not exceeding 3 billion yuan through its subsidiary [12] - The board approved the implementation plan for the reform of the wage decision mechanism for 2025-2026 [12]

Group 1 - The company Tunnel Corporation (SH 600820) announced on October 14 that its 10th Board of Directors held its 50th meeting via telecommunication, reviewing the "10th Board Work Report" and other documents [1] - For the first half of 2025, Tunnel Corporation's revenue composition is as follows: construction business accounts for 84.3%, operational business 6.91%, investment business 3.38%, design services 2.39%, and financing leasing 1.41% [1] - As of the report date, Tunnel Corporation's market capitalization is 20.5 billion yuan [1]

| 证券代码：600820 | 股票简称：隧道股份 | | 编号：临 | 2025-044 | | --- | --- | --- | --- | --- | | 债券代码：115633 | 债券简称：23 | 隧道 K1 | | | | 债券代码：115902 | 债券简称：23 | 隧道 K2 | | | 上海隧道工程股份有限公司 第十届董事会第五十一次会议决议公告 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。 重要内容提示： ●本次董事会会议全体董事出席。 公司第十届董事会自 2022 年 1 月起至今，三年任期届满，根据 《公司法》和公司章程规定，董事会决定公司进行换届选举。 董事会与公司实际控制人——上海市国有资产监督管理委员会、 控股股东上海城建（集团）有限公司（简称"城建集团"）及第二大 股东上海国盛（集团）有限公司（简称"国盛集团"）沟通和协商， 提出了第十一届董事会候选人名单。 第十一届董事会由 9 人组成，其中 3 人为独立董事，由工会全委 会选举产生的职工董事为 1 人，股东推荐的董事为 5 人， ...

Core Points - The ecological protection and restoration project in the northern coastal area of Dongying, Shandong, constructed by China Communications Second Harbor Engineering Company, has passed the completion acceptance [1] Group 1: Project Details - The project includes ecological enhancement of 6,322 meters of slope surface [1] - It involves the construction of live oyster reefs covering approximately 457.5 hectares [1] - The project has restored about 64.7 hectares of land back to the sea [1] - It includes the recovery of 120 hectares of saline-alkali land with the restoration of alkali grass [1] - The project features a 31-hectare planting area for alkali grass [1] - It also addresses the management of 248.5 hectares of Spartina alterniflora [1]