中铝国际作为中铝集团的核心工程技术业务单元，是中国有色金属行业领先的技术、工程服务与设备供 应商。公司旗下汇聚了5家国家甲级设计研究院、2家国家甲级勘察院及3家大型综合建筑安装企业，具 备工程设计综合甲级资质。多年来，公司累计荣获省部级科学技术奖近千项、国家级奖项超百项，主编 或参与编制国家及行业标准与规范140余项，拥有有效授权国内外专利3300余件，在有色金属领域创造 了百余项"世界第一"或"中国第一"的重大技术与工程成果，有力推动了中国有色工业的跨越式发展，成 为行业技术进步的重要引领者与担当者。 作为企业负责人，我深刻认识到，有色金属工业正处在绿色化、智能化变革的关键十字路口。绿色与智 能，早已超越单纯的技术能力，成为重塑行业生态、催生新业务形态的核心引擎，既是我们必须直面的 时代挑战，更是企业重构竞争优势、实现转型升级的战略机遇。 （文章来源：证券时报） 为此，在公司发展战略中，我们始终将绿色低碳、智能矿山、新材料作为核心攻关方向，系统整合内外 资源，集中力量突破关键核心技术。如今，在绿色选矿、节能电解铝、智能工厂解决方案等领域，我们 已取得一系列标志性成果，这些技术正加速转化为具备强大市场竞争力的 ...

在中国有色金属加工行业的创新版图上，中铝国际中色科技股份有限公司（以下简称"中色科技"）正以一场深刻的自我变革，掀起高质量发展的浪潮。近 年来，这家企业紧紧扭住价值创造这个"牛鼻子"，全力驱动科技赋能、深化改革、业务转型三大引擎，不仅在经营业绩上实现利润总额与综合毛利率"三 连增"，更在攀登世界一流有色金属加工工程技术高峰的征途中，留下了一串坚实的足迹。 创新裂变，让技术"活"起来 中色科技承建的"有色金属加工工业互联网平台" 走进中色科技宽敞明亮的研发中心，巨大的电子屏上实时跳动着"中色云"工业互联网平台的数据流，远处的实验室里传来设备低沉的运转声。这里不仅是 国家级的企业技术中心与工业设计中心，更是破解行业"卡脖子"难题的策源地，空气中弥漫着一种专注与探索的气息。 中色科技承建的中铝瑞闽热处理工序"黑灯工厂" 创新的价值在于应用与转化。当中铝瑞闽的"黑灯工厂"里，热处理工序实现24小时无人化自动运行时，改变是肉眼可见的——生产线旁不见了穿梭的工 人，取而代之的是机械臂精准的舞动。效率提升30%，成品率提高2.5个百分点，能耗显著下降。这个由中色科技总承包建设的标杆项目，已成为行业智 能化改造的教科书案例。 ...

Core Viewpoint - The project team from China Aluminum International Engineering Corporation has achieved a significant technical breakthrough in a hydrological geological survey project for a large lead-zinc mine in Baoshan, Yunnan, which has been stalled for over a decade due to complex hydrological conditions [1][5]. Group 1: Project Overview - The mine has a resource reserve of 1.02 million tons of lead and zinc, indicating high development value [5]. - Previous assessments indicated high water inflow and strong water-conducting faults, leading to a complex hydrological situation that hindered development [5]. - The cost for water prevention and control engineering was estimated at 200 million yuan, which contributed to the long-term suspension of safety facility construction and mining design [5]. Group 2: Technical Innovations - The team developed an innovative "integrated air-ground, pumping verification, and three-dimensional simulation" exploration technology system, which downgraded the hydrological conditions from "complex" to "moderate" [1][10]. - High-precision hydrological geological mapping was conducted to clarify underground water circulation patterns, utilizing advanced geophysical techniques to accurately depict the distribution of underground water-bearing structures [5][7]. - A large-scale group well pumping test was implemented, with dynamic monitoring using high-precision sensors, improving data collection accuracy by over 50% compared to traditional methods [5][7]. Group 3: Results and Implications - The new exploration conclusions overturned previous judgments, indicating weak water-conducting faults and minimal hydraulic connection between surface and groundwater, significantly reducing hydrological risks [10]. - This breakthrough allows for the resumption of safety facilities and mining design, effectively resolving the decade-long "water prison" dilemma [10]. - The innovative approach not only clears obstacles for the mine's development but also provides a replicable model for data-driven decision-making in the mining sector, revitalizing dormant mineral resources [10].

日前，华证指数公布了新一期（2025年10月31日）的ESG评级结果，中铝国际（601068.SH）获得BBB 评级（华证指数评级为C起至AAA九档，C为最低档，AAA为其最高一级评级/AA为其第二档），上一 期（2025年7月31日）ESG评级为A。本期ESG评级在118家建筑与工程行业A股上市公司中排名第15 （上一期排名第14）。 从细项得分来看，中铝国际E项得分79.46，评级为BB，行业内排名7/118（E项目评分维度包括气候变 化、资源利用、环境污染、环境友好、环境管理）；S项得分92.42，评级为AA，行业内排名7/118（S 项目评分维度包括人力资本、产品责任、供应商、社会贡献）；G项得分76.91，评级为BB，行业内排 名63/118（G项目评分维度包括股东权益、治理结构、信披质量、治理风险、外部处分、商业道德）。 【ESG小知识】ESG中E维度包含哪些内容？环境（E）：涵盖企业如何管理其对环境的影响，包括气候 变化、资源使用、能源效率、排放物管理、可再生能源使用等。 上海华证指数信息服务有限公司（简称"华证指数"），是一家专业从事指数与指数化投资综合服务的公 司，拥有上海证券交易所、深圳证 ...

Core Viewpoint - China Aluminum International (中铝国际) has successfully won a bid for a new electrolytic aluminum project in Shanxi, with a total contract value of 3.03 billion yuan, indicating strong growth in both domestic and international markets [1][3]. Group 1: Project Details - The project involves a total scale of 394,000 tons per year, with the first phase implementing 294,000 tons per year, utilizing an EPC (Engineering, Procurement, and Construction) contracting model [2][3]. - The consortium leading the bid includes Shenyang Aluminum Magnesium Design Research Institute, Shanghai Baoye Group, and other subsidiaries of China Aluminum International [2]. Group 2: Financial Performance - In the first three quarters of 2023, the company signed new contracts totaling 21.46 billion yuan, a year-on-year increase of 21.68% [3]. - The overseas market has seen explosive growth, with new foreign contracts amounting to 5.02 billion yuan, a significant increase of 115.91% compared to the same period last year [3]. - Domestic contracts reached 16.44 billion yuan, reflecting a steady growth of 7.37% year-on-year [3]. Group 3: Research and Development - China Aluminum International has consistently increased its R&D expenditure, with amounts of 760 million yuan, 912 million yuan, 943 million yuan, and 961 million yuan from 2021 to 2024, and 532 million yuan in the first three quarters of 2025, marking a year-on-year growth of 2.24% [5]. - Over the past five years, the total investment in R&D has reached approximately 4.108 billion yuan [5]. Group 4: Company Challenges and Adjustments - The company has experienced fluctuations in performance, with significant losses in 2020, 2021, and 2023, but managed to turn a profit in 2024 with a revenue of 24.003 billion yuan, a year-on-year increase of 7.46% [4]. - However, in the first three quarters of 2025, revenue declined by 5.72% to 15.219 billion yuan, and net profit dropped by 52.68% to 119 million yuan, attributed to reduced contributions from prior year's impairment reversals [4].

致：香港交易及結算所有限公司 公司名稱: 中鋁國際工程股份有限公司 FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 截至月份: 2025年11月30日 狀態: 新提交 呈交日期: 2025年12月5日 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 02068 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 399,476,000 | RMB | | 1 RMB | | 399,476,000 | | 增加 / 減少 (-) | | | 0 | | | RMB | | | | 本月底結存 | | | 399,476,000 | RMB | | 1 RMB | | 399,476,000 | | 2. 股份分類 | 普通股 | 股份類別 A | ...

中铝国际(601068.SH)公告，公司控股子公司沈阳铝镁设计研究院有限公司（牵头方）与上海宝冶集团 有限公司等组成联合体，中标山西兆丰铝电新材料有限公司新建39.4万吨/年电解铝项目（一期29.4万 吨/年），合同总价30.3亿元。若该项目合同正式签订并顺利实施，则有利于扩大公司经营规模，对公 司当期及未来年度业绩产生积极影响，有利于提升公司的持续盈利能力，但影响公司财务指标的具体金 额目前尚无法测算。 ...

Key Points - Company Grinda plans to invest 80 million yuan to subscribe for 1.91% of Muxi's initial public offering shares [1] - Fuyong Technology clarifies that its products do not possess AI capabilities [1] - Bohui Paper Industry intends to invest 1.7 billion yuan to establish a project with an annual production capacity of 320,000 tons of chemical pulp [1] - Jinggong Technology has won the bid for the Wuhan Qingshan high-performance carbon fiber production base project [1] - Yonghe Intelligent Control plans to transfer 100% equity and debt of its wholly-owned subsidiary Chengdu Shanshui [2] - Zhigang Home plans to repurchase shares with an investment of 80 million to 110 million yuan [2] - Meikailong's shareholder Hangzhou Haoyue intends to reduce its holdings by no more than 131 million shares [2] - International Medical plans to raise no more than 1.008 billion yuan through a private placement [2] - Guizhou Bailin's actual controller Jiang Wei has received a notice of investigation from the Securities Regulatory Commission [2]

Capital Market Highlights - "China's Nvidia," Moore Threads, will be listed on the STAR Market on December 5, with Muxi Co.'s IPO subscription starting the same day at a price of 104.66 yuan, aiming to raise 3.899 billion yuan [2] - JPMorgan upgraded its rating on Chinese stocks from "neutral" to "overweight," stating that the risk of a significant rise in the Chinese stock market by 2026 is much higher than the risk of a significant decline, with a projected 19% upside for the MSCI China Index under base case scenarios [2] - The China Securities Regulatory Commission disclosed that companies like Shichuangyi, Shurui Robotics, and Niushidate have initiated A-share IPO counseling, all categorized as hard technology enterprises [2] Key Industry Sectors - In embodied intelligence, Tesla released a video of its Optimus humanoid robot running, achieving a personal best; Yushu published a new video verifying the reliability of its machine, with H2 performing a combat test against G2 [4] - In commercial aerospace, the Zhuque-3 reusable launch vehicle was launched into orbit, but the recovery test failed [4] - In the chip sector, Amazon's cloud division plans to launch its latest AI chip, Trainium3, claiming it provides computational power for AI models at a lower cost and higher efficiency compared to Nvidia's GPUs [4] Company Updates - The price of Feitian Moutai has dropped to 1,399 yuan, falling below the official guidance price [5] - JPMorgan increased its stake in Vanke's H-shares from 4.72% on November 27 to 5.23%, while Blackstone's holding rose from 4.83% to 5.45% [5] - Guizhou Bailing's actual controller is under investigation for insider trading, information disclosure violations, and transferring stocks in violation of restrictions [5] - Lens Technology is collaborating with several leading domestic and international clients to develop various AI edge hardware devices, including glasses, watches, wristbands, rings, and desktop models [5] - Microchip Technology, a wholly-owned subsidiary of Saiwei Electronics, plans to participate in establishing Chuxin Micro Technology [5] - Zhongshi Technology intends to acquire a 51% stake in Zhongshi Xun Cold to enhance its liquid cooling business ecosystem [5]

Group 1 - China's self-developed reusable launch vehicle Zhuque-3 successfully completed its maiden flight, marking a new milestone in the country's commercial space industry, with predictions that the industry could reach a scale of 7-10 trillion yuan by 2030 [2] - The U.S. ADP employment report for November showed a decrease of 32,000 private sector jobs, the largest drop in two and a half years, leading to increased expectations for a Federal Reserve rate cut [2] Group 2 - The Chinese government is promoting new urbanization as a key driver for expanding domestic demand and upgrading industries, emphasizing the need for urban renewal and addressing the urban-rural dual structure [3] - The Chinese Ministry of Commerce reported that the trade-in program for consumer goods has generated over 2.5 trillion yuan in sales, benefiting over 360 million people [3] Group 3 - The A-share market experienced a decline, with the Shanghai Composite Index down 0.51% and the Shenzhen Component down 0.78%, while the coal sector saw gains [5] - The Hong Kong Hang Seng Index fell 1.28%, with significant net buying from southbound funds, particularly in Alibaba [5] Group 4 - New active equity funds have shown signs of building positions, with over 80% of newly established funds experiencing net value fluctuations, while the consensus is to focus on AI applications for future allocations [6] - Morgan Stanley upgraded its rating on the Chinese stock market to "overweight," citing a higher risk of significant gains compared to losses [6] Group 5 - The Chinese government has initiated a parenting subsidy program for families with children under three years old, with over 30 million applications submitted and approved [4] - Cambodia will implement a visa-free policy for Chinese citizens from June to October 2026, allowing for multiple entries [4] Group 6 - The cultural and tourism sector in China is set to integrate with the civil aviation industry through a new action plan aimed at enhancing domestic travel accessibility and developing low-altitude tourism [9] - The Chinese passenger car market saw retail sales of 2.263 million units in November, a year-on-year decline of 7%, while the new energy vehicle market grew by 7% [9] Group 7 - The China Internet Finance Association is enhancing self-regulation for financial applications and mini-programs, aiming to mitigate risks associated with digital financial channels [10] - Binance appointed co-founder He Yi as co-CEO to expand its global business and strengthen compliance efforts [10] Group 8 - The U.S. stock market saw slight gains, with the Dow Jones up 0.86%, while the tech sector faced declines, particularly in Chinese concept stocks [15] - European stock indices showed mixed results, with the French market benefiting from consumer sector resilience [15] Group 9 - The domestic bond market experienced narrow fluctuations, with most interest rates rising, while the central bank conducted a reverse repurchase operation [17] - The U.S. Treasury yields collectively fell, indicating a shift in investor sentiment [17] Group 10 - International precious metals futures generally rose, supported by expectations of a Federal Reserve rate cut and positive economic data from Europe [18] - Crude oil prices increased amid ongoing geopolitical tensions, particularly related to the Russia-Ukraine conflict [18]