股票简称：重庆建工 股票代码：600939 2025 年第三次临时股东会资料 2025 年 11 月 17 日 2025 年第三次临时股东会会议资料目录 | 2025 年第三次临时股东会须知 | | 1 | | --- | --- | --- | | 2025 年第三次临时股东会议程 | | 3 | | 关于聘请公司 2025 | 年度会计师事务所的议案 4 | | | 关于转让全资子公司 | 100%股权暨关联交易的议案 | 8 | | 关于公司吸收合并全资子公司的议案 | 21 | | 重庆建工集团股份有限公司 2025 年第三次临时股东会会议 重庆建工集团股份有限公司 2025 年第三次临时股东会须知 根据中国证券监督管理委员会（以下简称"中国证监 会"）《上市公司股东会规则》和《重庆建工集团股份有限 公司公司章程》（以下简称《公司章程》）的有关规定，为 确保重庆建工集团股份有限公司（以下简称"公司"或"本 公司"）股东会顺利召开，特制定如下会议须知，请出席股 东会的全体人员遵守执行： 一、出席本次股东会的对象为在股东参会登记日已办理 登记手续的股东（包括股东代理人）、公司董事、监事和董 事会秘书出席本 ...

Group 1 - Chongqing Construction (600939) experienced a trading halt today with a turnover rate of 5.66% and a transaction amount of 450 million yuan, showing a fluctuation of 9.25% [2] - The stock was listed on the Shanghai Stock Exchange's daily trading information due to a price deviation of 9.55%, with net purchases from the Shanghai-Hong Kong Stock Connect amounting to 12.79 million yuan [2] - The top five trading departments accounted for a total transaction of 107 million yuan, with a net purchase of 25.77 million yuan after a buying amount of 66.57 million yuan and selling amount of 40.80 million yuan [2] Group 2 - In the past six months, the stock has appeared on the trading list six times, with an average price increase of 3.75% the day after being listed and an average increase of 1.85% over the following five days [2] - The stock saw a net inflow of 39.47 million yuan in main funds today, with a significant single net inflow of 51.80 million yuan, while large single funds experienced a net outflow of 12.33 million yuan [2] - The company reported a total operating revenue of 18.42 billion yuan for the first three quarters, a year-on-year decrease of 8.58%, and a net profit of -625 million yuan [2]

Core Insights - The housing construction sector increased by 0.8% on November 10, with Chongqing Construction leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - Chongqing Construction (600939) saw a closing price of 4.37, with a significant increase of 10.08% and a trading volume of 1.076 million shares, amounting to 450 million yuan [1] - Zhejiang Construction Investment (002761) closed at 9.51, up 1.49%, with a trading volume of 173,900 shares and a transaction value of 165 million yuan [1] - Shaanxi Construction (600248) closed at 3.86, up 0.78%, with a trading volume of 208,600 shares and a transaction value of approximately 80 million yuan [1] - China State Construction (601668) closed at 5.44, up 0.55%, with a trading volume of 1.5862 million shares and a transaction value of 860 million yuan [1] - High-tech Development (000628) closed at 47.28, up 0.47%, with a trading volume of 48,900 shares and a transaction value of 229 million yuan [1] - Shanghai Construction (600170) closed at 2.93, up 0.34%, with a trading volume of 2.5818 million shares and a transaction value of 756 million yuan [1] - Longyuan Construction (600491) closed at 3.37, up 0.30%, with a trading volume of 157,700 shares and a transaction value of approximately 52.97 million yuan [1] - Ningbo Construction (601789) closed at 5.50, up 0.18%, with a trading volume of 230,700 shares and a transaction value of 127 million yuan [1] Capital Flow - The housing construction sector experienced a net outflow of 18 million yuan from institutional investors and 65.76 million yuan from speculative funds, while retail investors saw a net inflow of 83.76 million yuan [1] - Chongqing Construction had a net inflow of 45.96 million yuan from institutional investors, while it faced a net outflow of 36.09 million yuan from speculative funds and a net outflow of 9.86 million yuan from retail investors [2] - China State Construction had a net inflow of 13.81 million yuan from institutional investors, with a net outflow of 33.89 million yuan from speculative funds and a net inflow of 20.08 million yuan from retail investors [2] - Longyuan Construction experienced a net outflow of 1.75 million yuan from institutional investors, with a net inflow of 875,800 yuan from speculative funds and a net inflow of 876,300 yuan from retail investors [2] - Shaanxi Construction had a net outflow of 330,470 yuan from institutional investors, with a net inflow of 117,950 yuan from speculative funds and a net inflow of 212,520 yuan from retail investors [2] - Zhejiang Construction Investment faced a net outflow of 552,100 yuan from institutional investors, with a net outflow of 288,390 yuan from speculative funds and a net inflow of 840,490 yuan from retail investors [2] - Ningbo Construction had a net outflow of 1.13 million yuan from institutional investors, with a net inflow of 387,520 yuan from speculative funds and a net inflow of 745,940 yuan from retail investors [2] - Shanghai Construction experienced a net outflow of 2.12 million yuan from institutional investors, with a net outflow of 654,350 yuan from speculative funds and a net inflow of 2.77 million yuan from retail investors [2] - High-tech Development faced a net outflow of 3.46 million yuan from institutional investors, with a net inflow of 771,510 yuan from speculative funds and a net inflow of 2.69 million yuan from retail investors [2]

Core Insights - On November 10, the A-share market saw a total of 92 stocks hitting the daily limit up, indicating strong market activity and investor interest [1] Group 1: Stock Performance - The lithium battery stock, Furui Co., Ltd., achieved a three-day limit up streak, reflecting positive sentiment in the lithium sector [1] - The phosphorus chemical stock, Qingshuiyuan, also recorded a three-day limit up, highlighting investor confidence in the phosphorus industry [1] Group 2: Notable Stocks and Concepts - ST Zhongdi led with 17 consecutive limit up days in the real estate sector [1] - *ST Dongyi followed with 9 days in the smart home segment [1] - Other notable stocks include Moen Electric with 5 days in the power grid equipment sector, and Yangmi Clothing with 4 days in cross-border e-commerce [1] - Stocks with 3 consecutive limit up days include Qingshuiyuan (phosphorus chemical), Furui Co., Ltd. (lithium battery), and Chengxing Co. (chemical industry) [1]

Core Viewpoint - Chongqing Construction has experienced a significant surge in stock price, achieving three consecutive daily limit-ups, with a total increase of 33.23% during this period [1] Trading Performance - As of 9:40 AM, the stock price reached 4.37 yuan, with a turnover rate of 5.09% and a trading volume of 96.72 million shares, amounting to a transaction value of 402 million yuan [1] - The stock has been listed on the Dragon and Tiger list due to a cumulative price deviation of 20% over three trading days and a daily deviation of 7% [1] - The net selling by the Shanghai Stock Connect amounted to 4.4466 million yuan, while the net buying from other brokerage seats totaled 15.4661 million yuan [1] Shareholder Information - As of October 31, the number of shareholders decreased to 47,544, a decline of 300 from the previous period, representing a 0.63% decrease [1] Financial Performance - The company reported a total operating revenue of 18.418 billion yuan for the first three quarters, reflecting a year-on-year decline of 8.58% [1] - The net profit for the same period was -625 million yuan, indicating a year-on-year decrease of 1088.34% [1] - The basic earnings per share were reported at -0.3289 yuan [1]

Investment Rating - The report indicates a positive outlook for the construction and decoration industry, with specific recommendations for state-owned enterprises and private companies [1][2]. Core Insights - The construction industry experienced a weekly increase of 1.85%, outperforming major indices such as the Shanghai Composite Index and Shenzhen Component Index [2][4]. - The best-performing sub-industries for the week included decorative curtain walls (+5.31%), professional engineering (+4.28%), and infrastructure private enterprises (+2.59%) [4][7]. - Year-to-date, the top-performing sub-industries were infrastructure private enterprises (+71.38%), decorative curtain walls (+52.94%), and professional engineering (+49.27%) [4][7]. - Key companies showing significant weekly gains included Dongyi Yisheng (+27.68%), Hainan Development (+27.41%), and Chongqing Construction (+25.24%) [7][8]. Industry Changes - The State Council approved the "Chengdu-Chongqing Twin City Economic Circle Land Space Planning (2021-2035)", aiming to enhance regional competitiveness and support the construction of the new western land-sea corridor [8][9]. - The Ministry of Transport announced plans for significant infrastructure improvements, including the renovation of 100 old bridges in Shaanxi and the completion of rural road investments in Inner Mongolia [9][10]. Key Company Developments - Zhongyan Dadi won a bid for a project in Beijing with a total amount of 0.74 billion yuan, representing 9.4% of its 2024 revenue [10]. - Chongqing Construction secured contracts for the Huangmianping Yangtze River Bridge project, totaling 18.39 billion yuan, which accounts for 6.7% of its 2024 revenue [11].

Core Viewpoint - Chongqing Construction Group Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase exceeding 20% over three consecutive trading days from November 5 to November 7, 2025, indicating abnormal trading activity [2][3]. Group 1: Stock Trading Abnormality - The company's stock price increased by over 20% during the specified trading period, qualifying as abnormal trading according to the Shanghai Stock Exchange rules [2][3]. - The company conducted a self-examination and confirmed that there were no undisclosed significant matters affecting the stock price, aside from previously disclosed information [4][5]. Group 2: Financial Performance - For the first nine months of 2025, the company reported a net loss attributable to shareholders of approximately 625.41 million yuan, with a net loss of about 664.27 million yuan after excluding non-recurring gains and losses [9]. - As of November 7, 2025, the company's closing stock price was 3.97 yuan per share, with a price-to-book ratio of 0.91, which is higher than the industry average of 0.67 [10]. Group 3: Project Bidding - The company’s subsidiary, Chongqing Urban Construction Holding Group, won bids for two segments of the Huangjueping Yangtze River Bridge project, with a total bid amount of approximately 1.839 billion yuan [14][15]. - The project spans approximately 2.9 kilometers and includes significant infrastructure components such as a major bridge and interchanges, with a construction period of 1,643 calendar days for both segments [15][16].

Group 1 - Semiconductor Manufacturing International Corporation (SMIC) plans to acquire 47% equity in SMIC North, with due diligence and evaluation processes still ongoing [1][2] - Zhuhai Gree Supply Chain intends to convert a debt of 200 million yuan into equity to increase capital for Shenzhen Haoneng Technology, changing its status from a wholly-owned subsidiary to a controlling subsidiary [3] - China Huadian Corporation is set to invest 12.043 billion yuan in a combined heat and power generation project integrated with renewable energy in Heilongjiang [4] Group 2 - Yong'an Pharmaceutical announces that some directors and senior management plan to reduce their holdings by up to 0.0799% of the total shares [5] - Lihua Co. reports a 11.44% year-on-year increase in chicken sales revenue for October, totaling 1.461 billion yuan [6] - Degu Technology intends to terminate the acquisition of 100% equity in Haowei Technology due to difficulties in meeting the demands of all parties involved [7] Group 3 - Guocheng Mining plans to pay 3.168 billion yuan in cash to acquire 60% equity in Guocheng Industrial [8] - Yingtang Intelligent Control intends to acquire 100% equity in Guanglong Integration and 80% equity in Aojian Microelectronics, with stock resuming trading on November 10 [9] - Shanshan Holdings announces that its actual controller and major shareholder have divorced, resulting in a change in control [10] Group 4 - Nutaige plans to invest 100 million yuan to establish a wholly-owned subsidiary focused on robotics and related components [11] - Chengxing Co. reports that its Jiangyin factory is currently under temporary shutdown for rectification due to a raw material leak [12] - Xindong Holdings announces that its shareholder Hainan Zhuhua plans to reduce its stake by up to 3% [13] Group 5 - Yonghui Supermarket's vice president has completed a share reduction of 0.0012% [14] - Xi'an Tourism plans to issue A-shares to raise no more than 300 million yuan for working capital and bank loan repayment [15] - Xiaogoods City has successfully acquired land use rights for a commercial site in Yiwu for 3.223 billion yuan [16][17] Group 6 - Tongda Chuangzhi announces a cash dividend of 6 yuan per 10 shares for the 2025 interim period [18] - Shen Nan Electric A received a government subsidy of 8.0518 million yuan, accounting for 36.75% of its last fiscal year's net profit [19] - Founder Technology's subsidiary plans to invest 1.364 billion yuan in an AI expansion project in Chongqing [20] Group 7 - Hezhong China reports significant stock trading fluctuations, indicating a "hot potato" effect [21] - Hengrui Medicine's subsidiary has received approval for clinical trials of SHR-4610 injection for late-stage solid tumors [22] - Sihua Holdings announces the termination of a restructuring investment agreement and continues to seek potential investors [23] Group 8 - Yingwei Technology's subsidiary has won a 27.78% share of a project from China Mobile [24] - Dabeinong reports a 45.20% year-on-year increase in pig sales for October, totaling 5.79 billion yuan [25] - Meihua Biotech's major shareholder has been sentenced for market manipulation, but it does not affect the company's operations [26] Group 9 - Zhongyi Da plans to terminate the issuance of A-shares to specific investors [27] - Zhongji Oil and Gas has received a notice of investigation from the China Securities Regulatory Commission regarding trading violations [28] - China International Trade Corporation announces the resignation of its chairman due to work reasons [29] Group 10 - GAC Group reports a decline in October vehicle sales by 8.10% [30] - Dameng Data has invested 100 million yuan to establish an investment fund focused on the database industry [31] - Zhengbang Technology reports a 78.08% year-on-year increase in pig sales revenue for the first ten months [32] Group 11 - Shanghai Xiba has announced that its directors are under investigation for suspected short-term trading [33] - Changgao Electric New has won a bid for a project from the State Grid worth 246 million yuan [34] - Jianghuai Automobile reports a 5.49% increase in October sales [35] Group 12 - Xintian Green Energy reports a 20.97% year-on-year decrease in power generation for October [36] - Luokang Pharmaceutical's products have been selected in the national centralized procurement [37] - Zhongyuan Home intends to invest 16 million USD in a self-built production base in Vietnam [38] Group 13 - Changcheng Technology has terminated plans for a control change and will resume trading on November 10 [39] - Poly Development reports a significant decrease in signed sales area and amount for October [40] - Wanhua Chemical's MDI phase II facility will undergo maintenance starting November 15 [41]

Core Insights - The announcements highlight significant corporate activities including investments, acquisitions, and sales performance in various companies across different sectors. Company Announcements - Chunzhong Technology clarified that its business does not involve the production of liquid-cooled servers [1] - Fangzheng Technology plans to invest 1.364 billion yuan in the expansion of its artificial intelligence production base in Chongqing [1] - Chongqing Construction Group won a contract for an engineering project valued at approximately 1.839 billion yuan [1] - Guocheng Mining intends to acquire 60% of Guocheng Industry for 3.168 billion yuan [1] - Ruikang Pharmaceutical has completed a share buyback, acquiring 2.31% of its shares [1][2] - Jianghuai Automobile reported October sales of 31,500 units, a year-on-year increase of 5.49% [1][2] - GAC Group's October automobile sales were 170,700 units, reflecting a year-on-year decline of 8.10% [1][2] Shareholding Changes - Jiangsu Cable's controlling shareholder plans to increase its stake by 100 million to 150 million yuan [1] - Yingshi Sheng's actual controller, Tang Qiu, intends to reduce his stake by no more than 1.86% [1][2] - Changbaishan's shareholder, Jilin Forest, plans to reduce its holdings by no more than 2.7236 million shares [1] Other Corporate Activities - Xi'an Tourism plans to raise no more than 300 million yuan through a private placement to its controlling shareholder [1] - Great Wall Technology has terminated its plans for a change in control and will resume trading on November 10 [1]

Group 1 - Fangzheng Technology's subsidiary plans to invest 1.364 billion yuan in an AI expansion project in Chongqing to quickly increase production capacity [1] - The current production capacity at the Chongqing base cannot meet customer order demands, necessitating this investment [1] - The expansion aims to strategically optimize product structure and enhance the company's ability to meet the needs of high-end clients in AI, cloud computing, and big data sectors [1] Group 2 - Huadian Technology signed a contract worth approximately 3.415 billion yuan for a 1 million kW offshore wind power project, which constitutes about 45.29% of the company's latest audited revenue [2] - This contract is expected to have a positive impact on the company's operating performance [2] Group 3 - ST Huayun applied to revoke other risk warnings after receiving a penalty notice from the China Securities Regulatory Commission for false reporting from 2018 to 2022 [3] - The company has completed a review and found no conditions warranting the risk warning, thus meeting the criteria for revocation [3] Group 4 - Meihua Biological's controlling shareholder was sentenced to three years in prison (suspended for five years) for manipulating the securities market, but this matter does not affect the company's operations [4] - The company confirmed that its production and business activities remain normal despite the legal issues surrounding the shareholder [4] Group 5 - Shanghai Xiba's board members are under investigation for suspected short-term trading, but this investigation is personal and will not significantly impact the company's daily operations [5] Group 6 - Changcheng Technology terminated plans for a change in control due to a lack of consensus on key matters, and its stock will resume trading on November 10, 2025 [6] Group 7 - Hefei China reported a 23.91% year-on-year decline in consolidated revenue for the period from January to October 2025, totaling 587 million yuan [8] Group 8 - Various companies are involved in significant project wins and collaborations, including Rayco Defense acquiring minority stakes in a subsidiary and several companies winning contracts for large-scale projects [13]