关联董事印志松、朱兵、王益民、刘习德回避对本议案的表决。 证券代码：600970 证券简称：中材国际 公告编号：临 2025-075 债券代码：241560 债券简称：24 国工 K1 中国中材国际工程股份有限公司 第八届董事会第二十次会议（临时）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。 中国中材国际工程股份有限公司（以下简称"公司"）第八届董事会第二十 次会议（临时）于2025年12月5日以书面形式发出会议通知，2025年12月10日在 公司会议室以现场结合通讯方式召开。本次会议应到董事8人，实到董事8人，公 司部分高管列席会议，符合《公司法》和《公司章程》的有关规定。会议由董事 长印志松先生主持，与会董事经过认真审议，经记名投票表决，形成如下决议： 一、审议通过了《关于公司与中国建材集团财务有限公司续签<金融服务协 议>暨关联交易的议案》，同意将本议案提请公司2025年第六次临时股东会审议。 该议案已经第八届董事会审计与风险管理委员会第二十一次会议及第八届 董事会独立董事专门会议2025年第四次会议审议通过 ...

Investment Rating - The report maintains an "Overweight" rating for both the construction and building materials sectors [10]. Core Viewpoints - The construction and building materials sector is expected to experience a spring rally in 2026, driven by improvements in construction PMI, order volume, and favorable market conditions such as a later Spring Festival and strong domestic excavator sales [13][19]. - The report emphasizes the importance of high dividend and price-increasing stocks, recommending companies with stable performance and high dividend yields, as well as traditional building materials with price increase potential [13][19]. - The report identifies three main investment themes: sustainable growth in renovation, thorough industry clearing in construction materials, and opportunities in high-quality leading companies in various segments [14][21]. Summary by Sections Industry Overview - The report highlights a potential spring rally for the building materials sector, supported by fiscal improvements and strong domestic machinery sales [19]. - Historical data shows that the building materials index has a high probability of outperforming the market in Q1, with a 57% chance of rising based on past performance [15]. Key Companies and Recommendations - The report recommends several companies, including China Chemical, China National Materials, and Xinyi Glass, with target prices and buy ratings [10][38]. - Specific recommendations include: - China Chemical (601117 CH) - Target Price: 12.05 - China National Materials (600970 CH) - Target Price: 14.23 - Xinyi Glass (868 HK) - Target Price: 9.54 - Others include China United Plastic, Jinggong Steel Structure, and Dongfang Yuhong [10][38]. Market Dynamics - Recent data indicates a 1.2% week-on-week increase in national cement prices, while the average price of float glass has risen by 2.3% [2][28]. - The report notes that the domestic float glass market is stabilizing, with some regions experiencing price increases due to supply constraints [28][30]. - The electronic fabric market is also showing signs of price increases, driven by demand from PCB clients [25][33]. Future Outlook - The report anticipates continued demand in the cleanroom engineering and special electronic fabric sectors, with a focus on companies that can adapt to new production capabilities and traditional industry upgrades [14][19]. - The construction sector is expected to benefit from urban renewal initiatives and the ongoing recovery of the real estate market, with a focus on renovation and construction materials [21][22].

Core Viewpoint - China National Materials Group Corporation (中材国际) has secured a significant contract worth 2.7 billion yuan for a molybdenum mining project, continuing its trend of large orders since 2025, with a total new contract amount of 59.882 billion yuan in the first three quarters of 2025, representing a 13% year-on-year increase [2][3][4]. Group 1: Contract and Project Details - The company signed a PC general contracting agreement for the Dashi River Molybdenum Mining Project in Jilin Province, with a total contract value of 2.7 billion yuan [3]. - The project has a comprehensive processing capacity of 15,000 tons per day and includes procurement of equipment and materials, construction, and management, with an estimated construction period of 15 months and trial production of 3 months, totaling 18 months [3][4]. - The successful completion of this project is expected to positively impact the company's operating performance [3]. Group 2: Financial Performance - In the first three quarters of 2025, the company's operating revenue reached 33 billion yuan, a year-on-year increase of 3.99%, while the net profit attributable to shareholders was 2.074 billion yuan, up 0.68% [2][6]. - The total new contracts signed in the first three quarters of 2025 amounted to 59.882 billion yuan, with the engineering services segment contributing 38.887 billion yuan, a 16% increase year-on-year [4]. - The company's contract liabilities reached 8.843 billion yuan, reflecting a 17.12% year-on-year increase [4]. Group 3: Research and Development - The company has invested a total of 7.553 billion yuan in research and development over the past five years, with an annual investment exceeding 1 billion yuan since 2021 [5]. - As of mid-2025, the company holds 3,063 valid patents, including 975 invention patents and 42 international patents, covering the entire process of cement manufacturing [5]. - The company has maintained a strong focus on R&D, with annual expenditures of 1.183 billion yuan, 1.627 billion yuan, 1.842 billion yuan, and 1.763 billion yuan from 2021 to 2024, and 1.138 billion yuan in the first three quarters of 2025 [5]. Group 4: Market Position and Competitiveness - China National Materials Group Corporation is recognized as the only company in the global cement technology and engineering service market with a complete industrial chain [5]. - The company has maintained the largest market share in the cement engineering service market for 17 consecutive years, having undertaken 364 production lines in 91 countries and regions [5]. - The company's financial health has improved, with a decreasing debt-to-asset ratio from 66.93% in 2021 to 60.73% by the third quarter of 2025 [7].

Group 1 - Meilixin plans to raise no more than 1.2 billion yuan for semiconductor equipment precision components, communication and automotive parts projects, and to supplement working capital [2] - Olin Bio has prepaid corporate income tax totaling 4.2001 million yuan, with no penalties from tax authorities [3] - Haisen Pharmaceutical's directors and executives plan to reduce their holdings by no more than 124,300 shares, accounting for 0.0816% of the total share capital [4] Group 2 - Aibulu intends to sell 47.4% and 31.6% stakes in its subsidiary Jinque Agriculture for a total of 12.3914 million yuan [5] - Chaoying Electronics plans to increase its Thai subsidiary's capital by 100 million USD for AI high-end PCB expansion [6] - Bona Film Group states that the box office revenue for "Avatar 3" is difficult to predict and the investment return rights are low [7] Group 3 - Junya Technology's PCB products for humanoid robots contribute less than 0.05% to its revenue [9] - Aerospace Electromechanical confirms that its main business does not involve commercial aerospace [10] - Deyi Culture's major shareholder plans to reduce holdings by no more than 2% of shares [11] Group 4 - China National Materials International signed a 2.7 billion yuan engineering contract for a molybdenum mining project [12] - Weiguang Bio plans to sign a 1.13 billion yuan technology cooperation contract for blood products [13] - Suhao Huihong intends to swap assets with its controlling shareholder for a 2.33% stake in Zijin Property Insurance [14] Group 5 - Haike Xinyuan's employee strategic placement plan intends to reduce holdings by no more than 2.5% of shares [15][16] - Taihao Technology's vice president resigns for personal reasons [17] - Huazhu Gaoke plans to establish a joint venture for 3D printing services with a total investment of 100 million yuan [18] Group 6 - Hubei Energy's November power generation was 2.617 billion kWh, a decrease of 17.94% year-on-year [19] - Dong'a Ejiao plans to repurchase shares worth 100 million to 200 million yuan for capital reduction [20] - Longjiang Transportation's shareholder reduced holdings by 1.2% [21] Group 7 - Feilu Co. plans to reduce holdings by no more than 1.02% of shares [22] - Zhongwei Electronics is planning a change in control, leading to a temporary stock suspension [23] - Zhongheng Group's subsidiary received approval for clinical trials of a new cancer drug [24] Group 8 - Guanzhong Ecology's controlling shareholder changed to Deep Blue Financial Whale [25] - Shennong Seed Industry is transferring a 3.8% stake in a subsidiary for 31.9827 million yuan [26] - Sun Cable's major shareholder plans to reduce holdings by no more than 3% of shares [27] Group 9 - Aiwei Electronics' application for issuing convertible bonds has been approved by the Shanghai Stock Exchange [28] - Chongqing Water intends to acquire wastewater treatment projects for 255 million yuan [29] - Boyun New Materials plans to increase its subsidiary's capital by 285 million yuan through debt-to-equity conversion [30] Group 10 - Zhongbai Group is closing unprofitable stores, expecting a loss of approximately 180 million yuan [31] - Changyuan Power's November power generation decreased by 17.88% year-on-year [32]

Key Points - Junya Technology's PCB products can be used in humanoid robots, but these products account for a very small proportion of the company's revenue [1] - Aerospace Machinery's main business does not involve commercial aerospace [1] - Xinhua Co. plans to invest 153 million yuan in the second phase of its synthetic flavor product base [1] - China National Petroleum plans to acquire 100% equity of three gas storage companies for 40 billion yuan [1] - Dong'e Ejiao intends to repurchase shares worth 100 million to 200 million yuan [1] - Haike New Source Asset Management plans to reduce its holdings by no more than 2.5% [2] - Meilixin plans to raise no more than 1.2 billion yuan for the construction of precision structural components for semiconductor equipment [2] - Huazhong Xinchuang received project designation notification from Beiqi Foton [2]

经判断，上述合同金额未构成公司特别重大合同。 合同已就违约和争议等事项进行了规定，由于合同履行周期较长，在合同履行过程中可能存在进度及金 额变化，如遇不可预见或不可抗力等因素，可能造成工期延误，无法按时竣工、验收等风险，敬请广大 投资者注意投资风险。 特此公告。 中国中材国际工程股份有限公司 董事会 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。 近日，中国中材国际工程股份有限公司（以下简称"公司"）全资公司兖州中材建设有限公司（以下简 称"承包人"）和天津水泥工业设计研究院有限公司组成承包联合体，并由承包人作为联合体的全权代表 方，与吉林省金山投资有限公司（以下简称"发包人"）签订了《吉林省金山投资有限公司大石河钼矿采 选工程PC总承包合同》，合同总金额暂定为27亿元人民币。具体情况如下： 该项目位于吉林省延边朝鲜族自治州敦化市，合同内容为钼矿采矿选矿等，综合处理能力为15000t/d， 主要包括设备及材料采购、施工和建设管理等。 合同约定经发包人和承包人的法定代表人或授权代表签字及盖章后生效。合同工期为自签署开工令之日 起 ...

Group 1 - Company plans to increase capital by $100 million to expand AI computing power high-end printed circuit board production in Thailand [2] - Bona Film Group states that the box office revenue for "Avatar 3" is currently unpredictable and the investment return rights ratio is low, which will not significantly impact short-term performance [3] - Zhongwei Electronics announces that its controlling shareholder is planning a change in company control, leading to a temporary stock suspension [4] Group 2 - Guotou Intelligent clarifies that its controlling shareholder has not established a subsidiary in Hubei, countering market rumors [5] - Junya Technology reports that its PCB products can be used in humanoid robots, but this segment contributes less than 0.05% to total revenue, thus not significantly affecting current performance [6] - Aerospace Machinery states that its main business does not involve commercial aerospace, confirming no undisclosed major information [7] Group 3 - Haike Xinyuan's second-largest shareholder plans to reduce its stake by up to 2.5% through asset management plans [9] - Sun Cable's third-largest shareholder intends to reduce its stake by up to 3% for operational needs [10] - Deyi Cultural's controlling shareholder plans to reduce its stake by up to 2% without affecting company control [11] Group 4 - China National Materials International signs a total contract worth 2.7 billion yuan for an engineering project [13] - Weiguang Biological plans to sign a technology cooperation contract for blood products worth approximately 113 million yuan [14]

该项目位于吉林省延边朝鲜族自治州敦化市，合同内容为钼矿采矿选矿等，综合处理能力为15000t/d， 主要包括设备及材料采购、施工和建设管理等。 中材国际（600970）(600970.SH)发布公告，近日，公司全资公司兖州中材建设有限公司和天津水泥工 业设计研究院有限公司组成承包联合体，并由承包人作为联合体的全权代表方，与吉林省金山投资有限 公司签订了《吉林省金山投资有限公司大石河钼矿采选工程PC总承包合同》，合同总金额暂定为27亿 元。 ...

（文章来源：证券日报） 证券日报网讯 12月4日晚间，中材国际发布公告称，近日公司全资公司兖州中材建设有限公司和天津水 泥工业设计研究院有限公司组成承包联合体，并由兖州中材作为联合体的全权代表方，与吉林省金山投 资有限公司签订了《吉林省金山投资有限公司大石河钼矿采选工程PC总承包合同》，合同总金额暂定 为27亿元人民币。 ...

该项目位于吉林省延边朝鲜族自治州敦化市，合同内容为钼矿采矿选矿等，综合处理能力为15000t/d， 主要包括设备及材料采购、施工和建设管理等。 合同约定经发包人和承包人的法定代表人或授权代表签字及盖章后生效。合同工期为自签署开工令之日 起至工程完工（具备正式投产运营条件，达到钼矿采、选综合处理能力15000t/d）的日历天数，预计施 工工期15个月，试生产3个月，共计18个月。 格隆汇12月4日丨中材国际(600970.SH)公布，公司全资公司兖州中材建设有限公司（以下简称"承包 人"）和天津水泥工业设计研究院有限公司组成承包联合体，并由承包人作为联合体的全权代表方，与 吉林省金山投资有限公司（以下简称"发包人"）签订了《吉林省金山投资有限公司大石河钼矿采选工程 PC总承包合同》，合同总金额暂定为27亿元人民币。具体情况如下： 此外，合同约定了冬季施工费调整方案及价格调整机制，物价波动引起的价格变化，项目结算阶段根据 项目在施工阶段建筑和安装用钢材、商品混凝土价格以本合同生效日延边朝鲜族自治州敦化市建设工程 造价管理站发布的工程造价信息为基准，波动≤10%时不做调整；大于10%时，超出或减少10%部分双 方进 ...