近日，信用中国公布了中国铁建大桥工程局集团有限公司行政处罚决定。津水质安罚字﹝2025﹞002号 行政处罚决定书文号显示，中国铁建大桥工程局集团有限公司蓟运河险工段治理工程2标段中未采取措 施消除事故隐患，依据《中华人民共和国安全生产法》第一百零二条，天津市水务局对其罚款5万元。 新闻热线电话0531-85193242 道、公路路面、公路路基等专业为一级资质，共60项。注册资本金32亿元，年施工生产能力500亿元以 上。 国家企业信用信息公示系统显示，中国铁建大桥工程局集团有限公司成立于1988年5月10日，注册资本 320000万元，法定代表人罗生宏。 中国铁建大桥工程局集团有限公司官网显示，该公司是2024年世界500强第43位中国铁建所属的中央企 业，全集团共有5个行业、49个类别208项资质（含各类许可），其中铁路、公路、市政、建筑工程施工 总承包为"五特五甲"资质（含所属子公司1项公路特级），水利水电、机电、矿山、通信、桥梁、隧 ...

哈工大国家卓越工程师学院探索多元化评价体系 获得学位，可凭多种实践成果 本报记者方圆 "这哪是实验室？简直是材料界的'变形金刚'！"在中国建筑第三工程局有限公司先进技术研究院的模拟 舱前，哈尔滨工业大学（以下简称"哈工大"）国家卓越工程师学院博士研究生周泽林举起手机连拍几张 照片。 他眼前的2立方米密闭测试舱，正在模拟整栋建筑的温湿度环境，测试着以公斤为单位的制备材料。这 与他熟悉的校园实验室形成鲜明对比——在校园实验室，10厘米长的石英玻璃管里，0.5克同类型材料 正在精密仪器下接受微观检测。 "来企业实践，我开始跳出单线程思维，练就'眼观六路'的系统工程'脑回路'。我渐渐明白，搞技术攻关 得把高校的前沿成果、企业的工程经验、政策扶持的方向，统筹结合起来。"周泽林说。 周泽林的成长，离不开哈工大国家卓越工程师学院的人才培养体系。 2022年，教育部公布全国首批国家卓越工程师学院建设单位，哈工大位列其中。3年来，哈工大国家卓 越工程师学院与多家企事业单位开展校企联合培养，学院现有在读硕博研究生927人，校企导师1000余 人。 重大工程是最好的练兵场 本报记者李心萍 江苏南通，海太长江隧道施工现场，"江海号" ...

Investment Rating - The report maintains a "Buy" rating for key companies in the construction and decoration industry, particularly focusing on state-owned enterprises such as China Communications Construction Company (CCCC), China State Construction Engineering Corporation, and others [1][7][8]. Core Insights - The recent issuance of opinions on existing PPP projects clarifies responsibilities and ensures funding sources for ongoing projects, which is expected to accelerate revenue recognition for construction companies [2][7]. - The report emphasizes the strategic importance of Xinjiang, predicting increased central government support and policy incentives due to upcoming significant events, including the 70th anniversary of the Xinjiang Uyghur Autonomous Region [3][21]. - The construction sector is projected to benefit from the acceleration of large-scale infrastructure projects in Xinjiang, particularly in transportation and coal chemical industries, with significant investments expected in the coming years [6][21]. Summary by Sections Industry Investment Rating - The report highlights a "Buy" rating for major construction state-owned enterprises, including CCCC, China State Construction, China Metallurgical Group, and others, indicating strong potential for recovery and growth in their financial performance [1][7][8]. Key Developments - The issuance of guidelines for existing PPP projects aims to ensure smooth project execution and financial support, which is expected to enhance the financial health of construction companies [2][6]. - The report notes that as of the end of 2022, the total value of PPP projects in execution reached approximately 13.83 trillion yuan, with 9.95 trillion yuan expected to enter the operational phase [2][19]. Focus on Xinjiang - The report underscores the importance of Xinjiang's strategic position and the anticipated central government support, particularly in infrastructure and coal chemical projects, with projected investments exceeding 800 billion yuan [3][21]. - It identifies key beneficiaries in the Xinjiang region, including local construction leaders and coal chemical EPC companies, which are expected to see significant growth due to ongoing and upcoming projects [6][21]. Investment Recommendations - The report recommends focusing on construction companies with strong PPP project portfolios and those positioned to benefit from Xinjiang's infrastructure development, including CCCC, China State Construction, and others [7][18]. - It also highlights the potential of coal chemical EPC leaders such as China Chemical Engineering and Donghua Technology, which are expected to benefit from accelerated project timelines [21][26].

人民财讯8月23日电，据"云南发布"消息，近日，云南省委书记王宁、省长王予波在昆明与中国铁道建 筑集团有限公司党委书记、董事长戴和根一行举行会谈。王宁、王予波表示，希望中国铁建（601186） 持续布局云南、融入云南，创新合作模式，积极参与铁路、公路、水利等基础设施项目建设，深化城市 更新、装备制造和新兴产业等领域合作，共同推进转型发展，助力云南在中国式现代化进程中开创发展 新局面。 戴和根表示，集团将积极融入地方发展，高质量加快在滇综合交通项目建设、运营，拓展新材料应用、 市政基础设施改造、产业园区建设等新领域合作，携手开拓共赢发展新机遇。 ...

金融界8月22日消息，上证指数高开高走，上证城镇基建指数 (沪城基建，H50034)上涨0.67%，报 1272.83点，成交额206.35亿元。 从上证城镇基建指数持仓样本的行业来看，工业占比56.81%、房地产占比32.23%、原材料占比 10.95%。 数据统计显示，上证城镇基建指数近一个月上涨1.45%，近三个月上涨7.37%，年至今上涨0.56%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 据了解，上证城镇化指数系列主要围绕集约、智能、绿色低碳等主题，多角度反映城镇化进程中受经济 结构和消费结构变化影响的上市公司证券的表现。城镇化指数系列包括1条城镇化指数和6条子指数，分 别为智慧城镇、智能交通、绿色城镇、城镇基建、城镇交通、城镇消费。该指数以2012年06月29日为基 日，以1000.0点 ...

Market Overview - The Shanghai Composite Index closed at 3771.10 points, above the annual line, with a change of 0.13% [1] - The total trading volume of A-shares reached 24603.35 billion yuan [1] Stocks Breaking Annual Line - A total of 28 A-shares have surpassed the annual line today, with notable stocks including: - Meihua Medical (301363) with a deviation rate of 14.81% and a daily increase of 18.00% [1] - Meirui New Materials (300848) with a deviation rate of 4.67% and a daily increase of 5.49% [1] - Kangle Health (833575) with a deviation rate of 4.29% and a daily increase of 4.40% [1] Stocks with Smaller Deviation Rates - Stocks that have just crossed the annual line with smaller deviation rates include: - Guotou Power (600886) with a deviation rate of 0.01% and a daily increase of 1.30% [2] - Shanghai Pharmaceuticals (601607) with a deviation rate of 0.08% and a daily increase of 0.95% [2] - *ST Jinglun (600355) with a deviation rate of 0.20% and a daily increase of 0.86% [2]

Investment Rating - The report maintains an "Overweight" rating for the construction and engineering industry, indicating an expectation for the industry to outperform the benchmark index [5][26]. Core Insights - The recent issuance of guidelines by the State Council aims to standardize the construction and operation of existing PPP projects, which is expected to clarify funding sources and reduce receivables risks for construction companies [1][2]. - The report highlights that the construction industry has a significant amount of receivables, with total receivables assets projected to reach 7.2 trillion yuan by the end of 2024, closely linked to the debts arising from overdue payments in PPP projects [4][11]. - The report recommends specific companies with high receivables and low price-to-book (PB) ratios, including China Railway Construction, China Railway, China Communications Construction, China Metallurgical Group, and China State Construction [1][4]. Summary by Sections Section 1: PPP Projects - The guidelines issued are expected to facilitate the smooth construction of ongoing PPP projects and ensure the stable operation of existing ones, with a focus on increasing financial support [2][3]. - The report notes that the funding for these projects will primarily come from local special bonds, which may lead to competition between new and existing projects [3][4]. Section 2: Financial Performance of Key Companies - China Railway Construction (1186 HK) is rated "Buy" with a target price of 6.64 HKD, despite a 6.61% year-on-year decline in revenue for Q1 2025 [10]. - China Railway (390 HK) is rated "Overweight" with a target price of 5.34 HKD, facing a 6.16% decline in revenue for Q1 2025 [10]. - China Communications Construction (1800 HK) is rated "Buy" with a target price of 7.33 HKD, showing a 12.6% decline in revenue for Q1 2025 but positive order growth [10]. - China Metallurgical Group (601618 CH) is rated "Overweight" with a target price of 3.82 CNY, experiencing an 18.5% decline in revenue for Q1 2025 [10]. - China State Construction (601668 CH) is rated "Buy" with a target price of 8.60 CNY, reporting a slight revenue increase of 1.1% for Q1 2025 [10].

| 002789 | *ST建艺 | 0.78 | 3.28 | 9.05 | 9.08 | 0.33 | | --- | --- | --- | --- | --- | --- | --- | | 600027 | 华电国 | 0.56 | 0.38 | 5.39 | 5.41 | 0.32 | | | 际 | | | | | | | 000596 | 古井贡 | 0.63 | 0.69 | 161.82 | 162.31 | 0.30 | | | 酒 | | | | | | | 600642 | 申能股 份 | 0.73 | 0.15 | 8.22 | 8.24 | 0.30 | | 601298 | 青岛港 | 0.57 | 0.12 | 8.75 | 8.78 | 0.30 | | 601607 | 上海医 | 1.10 | 0.32 | 19.19 | 19.23 | 0.23 | | | 药 | | | | | | | 600886 | 国投电 | 1.50 | 0.16 | 14.81 | 14.84 | 0.21 | | | 力 | | | | | | | 600970 | 中材国 | 0.7 ...

Investment Rating - The report does not explicitly state an investment rating for the real estate industry in 2024 Core Insights - The average revenue of the top 30 listed real estate companies in China is projected to decline by approximately 13.83% in 2024, totaling around RMB 2.77 trillion [9] - The average gross margin for these companies is expected to decrease to about 14.42%, down by 1.86% from the previous year [13] - The average net profit margin is projected to be around -10.81%, reflecting a significant decline of 12.45% compared to the previous year [16] - The average return on equity is expected to drop to approximately -20.75%, a decrease of 16.44% from 2023 [59] Summary by Sections 1. Revenue Overview - The total revenue for the top 30 listed real estate companies in 2024 is estimated at RMB 2.77 trillion, a decline of 13.83% year-on-year [9] - Financial Street leads the revenue growth with an increase of 51.74%, reaching RMB 190.75 billion [8] - 20 companies experienced revenue declines, with Midea Real Estate facing the largest drop at 94.94% [9] 2. Gross Margin Overview - The average gross margin for the top 30 companies is projected to be 14.42%, down 1.86% from the previous year [13] - Midea Real Estate shows the highest increase in gross margin at approximately 24.21% [14] - 23 companies reported a decline in gross margin, with Jinhui experiencing the largest drop of 30.80% [13] 3. Net Profit Overview - The average net profit for the top 30 companies is expected to be a loss of RMB 11.65 billion, a decline of 62.09 billion from a profit of RMB 50.44 billion in 2023 [23] - China Resources leads in net profit with RMB 336.78 billion, although this represents a 9.72% decrease from the previous year [24] - Over 70% of companies reported a decline in net profit, with Vanke transitioning from a profit of RMB 204.56 billion to a loss of approximately RMB 487.04 billion [23] 4. Inventory Overview - The total inventory for the top 30 companies is projected to be approximately RMB 60.85 billion, a decrease of 13.58% year-on-year [33] - Only one company, Ruian, reported an increase in inventory, with a growth of 16.03% [33] - Midea Real Estate experienced the largest inventory decline at 99.11% [33] 5. Liquidity Ratios - The average current ratio for the top 30 companies is expected to be 152.86%, a slight increase of 0.15% from the previous year [42] - 16 companies reported a decline in their current ratios, with Xinda showing the largest drop of 39.17% [42] 6. Cash Short-term Debt Ratio - The average cash short-term debt ratio is projected to be 1.52, a decrease of 0.11 from the previous year [54] - Ocean Group has the lowest cash short-term debt ratio at 0.01, while Binhai has the highest at 5.53 [54] 7. Return on Equity Overview - The average return on equity is expected to be -20.75%, a decline of 16.44% from 2023 [59] - Only two companies, Jinmao and New Town, are expected to report positive returns on equity [59]

证券代码：601186 证券简称：中国铁建 公告编号：临 2025—037 中国铁建股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： ● 会议召开时间：2025年9月4日（星期四）14:00-15:00 ● 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） ● 会议召开方式：上证路演中心网络互动 ● 投资者可于2025年8月28日（星期四）至9月3日（星期三） 16:00前登录上证路演中心网站首页点击"提问预征集"栏目或通过 公司投资者关系邮箱ir@crcc.cn进行提问。公司将在说明会上对投资 者普遍关注的问题进行回答。 中国铁建股份有限公司（以下简称公司）将于2025年8月30日发 布公司2025年半年度报告，为便于广大投资者更全面深入地了解公司 2025年半年度经营成果、财务状况，公司计划于2025年9月4日（星期 四）14:00-15:00举行2025年半年度业绩说明会，就投资者关心 ...