香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內 容 概 不 負 責，對 其 準 確 性 或 完 整 性 亦 不 發 表 任 何 聲 明，並 明 確 表 示，概 不對因本公告全部或任何部分內容而產生或因倚賴該等內容而引致的 任 何 損 失 承 擔 任 何 責 任。 董事長 戴和根 中國‧北京 2026年1月22日 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲 載 列 中 國 鐵 建 股 份 有 限 公 司（「本公司」）在 上 海 證 券 交 易 所 網 站 刊 登 的「中 國 鐵 建 股 份 有 限 公 司 第 六 屆 董 事 會 第 六 次 會 議 決 議 公 告」，僅 供 參 閱。 承董事會命 中國鐵建股份有限公司 海外監管公告 於 本 公 告 日 期，董 事 會 成 員 包 括：戴 和 根 先 生（董 事 長、執 行 董 事）、郜 烈 陽 先 生（非 執 行 董 事）、馬 傳 景 先 生（獨 立 非 執 行 董 事）、解 國 光 先 生（獨 立 非 執 行 董 事）、錢 偉 倫 先 生（獨 立 非 執 行 董 事）、王 俊 先 生（獨 立 非 執 行 董 事） ...

证券代码：601186 证券简称：中国铁建 公告编号：临 2026—002 中国铁建股份有限公司 第六届董事会第六次会议决议公告 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 担法律责任。 一、董事会会议召开情况 中国铁建股份有限公司（以下简称公司）第六届董事会第六次会 议于 2026 年 1 月 21 日在中国铁建大厦举行，董事会会议通知和材料 于 2026 年 1 月 15 日以书面直接送达和电子邮件等方式发出。应出席 会议董事 7 名，7 名董事出席本次会议。公司高级管理人员列席了会 议。会议由董事长戴和根先生主持。本次会议的召开符合有关法律、 行政法规、部门规章、规范性文件和《中国铁建股份有限公司章程》 及《中国铁建股份有限公司董事会议事规则》的规定。 二、董事会会议审议情况 会议审议并以记名投票方式表决通过了会议议案，作出如下决议： （一）审议通过《公司2025年经营、生产完成情况和2026年经营、 生产计划的议案》 同意公司2025年经营、生产完成情况和2026年经营、生产计划的 议案。 表决结果：同意7票，反对0票，弃权0 ...

Core Viewpoint - China Railway Construction Corporation (CRCC) held its sixth board meeting, approving various proposals related to operational and investment plans for 2025 and 2026 [1] Group 1: Operational and Investment Plans - The board approved reports on the completion of operations, production, and investment for 2025, as well as plans and budgets for 2026 [1] - The company agreed to continue credit facilities with 26 financial institutions, allowing the chairman to approve additional domestic credit of up to 30 billion yuan and foreign credit of up to 3 billion US dollars [1] Group 2: Fund Management - CRCC approved the establishment of two venture capital funds, with initial capital of 200 million yuan and 800 million yuan respectively, managed by China Railway Construction Investment Fund Management Co., Ltd [1] Group 3: Management Changes - The company appointed Sun Liqiang as the new vice president, while Chen Zhimin will no longer serve as vice president but has been nominated as a candidate for executive director, pending shareholder approval [1]

Group 1 - The "15th Five-Year Plan" is set to launch as the "14th Five-Year Plan" concludes, emphasizing the importance of major national projects as symbols of national strength and innovation [1] - The China Listed Companies Association (CLCA) collaborates with Douyin to explore major national projects, inviting 53 quality content creators to visit 12 leading industry companies [1] - The initiative aims to showcase the highlights of listed companies and create engaging content that tells the story of Chinese enterprises through unique perspectives [1][5] Group 2 - Douyin creators have gained significant attention by providing immersive experiences of major national projects, such as the Ningbo-Zhoushan underwater tunnel, which is the world's longest underwater high-speed rail tunnel at 11.21 kilometers [2] - The videos produced have garnered over 30 million views, allowing viewers to appreciate China's infrastructure capabilities and technological advancements [3] - The creators also highlight how technology transforms lives, showcasing projects like advanced irrigation systems in Yunnan that have turned previously arid land into a thriving agricultural region [3] Group 3 - The collaboration has resulted in 56 exclusive deep-dive videos, with a total follower count exceeding 170 million, and the hashtag IAmInThe14thFiveYears has reached nearly 1.8 billion views [6] - Topics related to China's railway construction and wind power leadership have frequently topped trending lists on Douyin, indicating strong public interest and engagement [6] - The CLCA aims to continue exploring ways to effectively communicate the stories of listed companies, emphasizing craftsmanship, social responsibility, and patriotism [6]

Core Viewpoint - The successful breakthrough of the Pingluo Tunnel, a key control project of the Tianlong Railway, marks significant progress in its construction, laying a solid foundation for the tunnel's full completion [1] Group 1: Project Overview - The Pingluo Tunnel has a total length of 15,032 meters and traverses the complex terrain of the Western Qinling Mountains, with a relative height difference of 100 to 300 meters and a maximum burial depth of approximately 650 meters [1] - The Tianlong Railway connects Tianshui City and Longnan City in Gansu Province, serving as a rapid railway line that accommodates both passenger and freight transport [1] Group 2: Construction Challenges and Techniques - The geological conditions of the tunnel are complex, presenting significant construction challenges [1] - The project team implemented a rigorous quality and safety control system, utilizing advanced technologies such as geological radar scanning and advanced geological drilling to ensure safe excavation and controllable processes [1] Group 3: Strategic Importance - Upon completion, the Tianlong Railway will connect with the Lanzhou–Lianyungang Railway and the Lanzhou–Chongqing Railway, becoming a crucial part of the southern passage in Gansu and enhancing the capacity of the new western land-sea corridor [1]

Investment Rating - The report rates the industry as "Buy" [6] Core Insights - TSMC expects capital expenditure to reach USD 52-56 billion in 2026, an increase of 27%-37% from 2025 [2][3] - Longxin Technology plans to raise CNY 29.5 billion for technology upgrades in memory chip manufacturing [3] - China State Grid anticipates fixed asset investment of CNY 4 trillion during the 14th Five-Year Plan, a 40% increase from the previous plan [4] Summary by Sections Semiconductor Industry - TSMC's revenue for Q4 2025 is expected to grow by 20.5% year-on-year, with a net profit increase of approximately 35% [3] - The cleanroom sector is expected to benefit from increased capital expenditures in semiconductor manufacturing, with companies like Yaxin Integration showing significant revenue growth [3] Power and Infrastructure - China State Grid's investment plan aims to enhance system regulation capabilities and support large-scale development of new energy storage [4] - China Power Construction and China Energy Engineering are leading firms in power construction, with significant market shares in hydropower and energy storage [4] Cleanroom and Emerging Technologies - Yaxin Integration reported a 165.2% year-on-year increase in revenue for December, indicating strong demand in the cleanroom sector [3] - The report recommends companies involved in cleanroom technology, commercial aerospace, and controlled nuclear fusion as potential investment opportunities [8] Recommended Companies - The report highlights several companies for investment, including Yaxin Integration, China State Grid, and China Power Construction, based on their strong market positions and growth potential [8][9]

Core Viewpoint - During the "14th Five-Year Plan" period, China Railway Construction Corporation (CRCC) focuses on long-term development strategies, establishing a brand matrix that supports both traditional industry transformation and emerging industries, significantly enhancing its influence and reputation in the industry [1] Group 1: Strategic Development - CRCC has released a "Medium and Long-Term Development Strategy" that redefines its future direction, aiming to become a world-class modern enterprise with a clear brand positioning as a contractor for construction engineering, infrastructure operator, high-end equipment manufacturer, and developer of emerging industries [1] - The strategy outlines two main paths: upgrading traditional construction industries towards high-end, intelligent, green, refined, digital, and international standards, while also fostering strategic emerging industries in new infrastructure, new equipment, new materials, new energy, and new services [1][3] Group 2: Technological Advancement and Project Development - CRCC is enhancing production efficiency and quality through the promotion of new technologies, processes, and equipment, leading to the completion of significant projects like the Hong Kong-Zhuhai-Macao Bridge and the Guyana Demerara River Bridge, thereby boosting its brand recognition [2] - The company is advancing its "2+4+7" lighthouse factory system, improving its level of intelligence and developing green low-carbon businesses, including the establishment of China's first zero-carbon demonstration zone in Hainan [2] Group 3: Emerging Industries and Innovations - CRCC is committed to developing strategic emerging industries, focusing on ecological governance, advanced environmental protection, and resource recycling in new infrastructure, and has participated in significant ecological projects like the Taklamakan Desert sand control project [3] - In new equipment, CRCC is breaking through technical barriers in high-end underground engineering and large-scale railway machinery, maintaining a leading position in tunnel boring machine sales globally [3] - The company is also innovating in new materials, having developed a bamboo-based composite material with 24 related patents and 6 national standards [3] Group 4: Brand Strategy and Value Enhancement - Looking ahead to the "15th Five-Year Plan," CRCC aims to implement a "brand strong enterprise" strategy, building a collaborative brand ecosystem and value-driven system, while enhancing brand management and promoting brand value improvement actions [4] - The company plans to expand brand construction from a single enterprise level to industry chain and cluster brands, promoting systemic brand synergy and aggregation [4]

Group 1 - The core viewpoint of the news is that China Railway Construction Corporation (CRCC) has shown a slight increase in stock price and trading activity, indicating potential investor interest and market performance [1] - As of January 16, CRCC's stock price rose by 2.09% to 7.83 CNY per share, with a total market capitalization of 106.33 billion CNY [1] - The company has seen a net inflow of main funds amounting to 24.58 million CNY, with significant buying activity from large orders [1] Group 2 - For the period from January to September 2025, CRCC reported a revenue of 728.40 billion CNY, reflecting a year-on-year decrease of 3.92%, and a net profit attributable to shareholders of 14.81 billion CNY, down 5.63% year-on-year [2] - The number of shareholders increased to 243,000, marking a 5.33% rise compared to the previous period [2] - CRCC has distributed a total of 41.94 billion CNY in dividends since its A-share listing, with 12.63 billion CNY distributed over the last three years [3] Group 3 - The company's main business segments include engineering contracting (88.84%), logistics and other businesses (8.32%), real estate development (4.24%), industrial manufacturing (2.42%), and planning and design consulting (1.38%) [1] - CRCC is classified under the construction and decoration industry, specifically in the infrastructure and municipal engineering sector [1]

Core Insights - Douyin, in collaboration with the China Listed Companies Association, launched a special project titled "Burning Up! National Heavy Equipment" to showcase China's leading enterprises in various industries, aiming to present these technologies in a more relatable manner to the public [1][6] - The project features 53 content creators who have collectively garnered over 170 million followers, producing 56 exclusive in-depth exploration videos that have achieved over 4 billion views and 60 million likes within a month [1][8] Group 1: Project Overview - The initiative invites creators to explore 12 top-tier Chinese enterprises, including China Railway Construction and Blue Arrow Aerospace, providing unique insights into significant engineering projects [1][2] - Douyin supports creators through mechanisms like the "Creation Ladder Plan," offering access to rare filming locations, expert resources, and traffic incentives [1][6] Group 2: Content Highlights - Content creators have produced videos that detail the construction of the world's longest underwater high-speed rail tunnel, showcasing the advanced technology and capabilities of Chinese infrastructure [2][3] - Videos also cover various sectors, including agriculture, with creators documenting innovative irrigation techniques in Yunnan, recognized by the UN for drought resistance [3][5] Group 3: Audience Engagement - The project has resonated with viewers, with many expressing admiration for China's engineering prowess and technological advancements through comments on social media [8] - Douyin aims to continue promoting the "National Heavy Equipment" initiative, inviting more enterprises and creators to participate in showcasing China's technological achievements [8]

Core Viewpoint - The 2025 China Enterprise ESG "Golden Responsibility Award" aims to recognize companies and institutions that have made significant contributions to ESG initiatives in China, reflecting a shift from voluntary practices to compliance requirements in ESG performance [1][12]. Group 1: ESG Development and Awards Overview - By 2025, China's ESG development has transitioned from "setting standards" to "strengthening regulations," with a comprehensive disclosure standard system being established [1][12]. - The award selection attracted over 5,000 companies, with results based on ESG performance, online voting, and professional evaluations [2][12]. Group 2: Award Categories and Winners - The award categories include Excellent Environmental Responsibility Award, Excellent Social Responsibility Award, Excellent Corporate Governance Responsibility Award, Excellent Responsibility Initiative Award, Excellent Sustainable Development Award, and various responsibility investment awards [1][12]. - Notable winners of the Excellent Environmental Responsibility Award include Great Wall Motors, Hikvision, and China Petroleum [7][24]. - The Excellent Social Responsibility Award was awarded to companies such as YF Communication, ZTE, and Ningde Times [7][24]. - Winners of the Excellent Corporate Governance Responsibility Award include China Petroleum, Hikvision, and WuXi AppTec [7][24]. - The Excellent Responsibility Initiative Award was given to companies like ZTE, Sunlight Power, and Industrial and Commercial Bank of China [7][24]. - The Excellent Sustainable Development Award included companies such as WanHua Chemical, China Bank, and China Petroleum [7][24]. Group 3: Responsibility Investment Awards - The Responsibility Investment Excellent Bank Award was given to institutions like CITIC Bank and Minsheng Bank [5][21]. - The Responsibility Investment Excellent Securities Company Award included firms such as Shenwan Hongyuan and CITIC Securities [5][22]. - The Responsibility Investment Excellent Insurance Company Award recognized companies like New China Life and AIA [5][26]. - The Responsibility Investment Excellent Fund Company Award included firms such as Xinhua Fund and Harvest Fund [5][27]. - The Responsibility Investment Excellent Asset Management Institution Award recognized institutions like Ping An Asset Management and Sunshine Asset Management [5][28]. Group 4: Call to Action and Future Directions - The award committee encourages more Chinese enterprises to integrate ESG principles into their operations and strategic planning, emphasizing the importance of balancing commercial and social values [10][29].