智通财经APP讯，中国铁建(01186)发布公告，中国铁建股份有限公司2021年面向专业投资者公开发行可 续期公司债券(第四期)(品种二)于2025年12月30日开始支付自2024年12月30日至2025年12月29日期间的 利息。债券简称"21铁建Y8"，票面利率为3.50%，每手"21铁建Y8"面值1000元派发利息为35.00元(含 税)。债券付息日：2025年12月30日。 ...

图片来源：中交一公局 文/刘文文 广湛高铁沿线地质条件复杂，全线桥隧比达到76.8%，重难点控制性工程包括湛江湾海底隧道、佛山特 大桥等。据中国铁建项目负责人介绍，全长9640米的湛江湾海底隧道，盾构段长7551米，是中国已建成 独头掘进距离最长的穿海高铁盾构隧道。项目团队历时33个月实现盾构隧道贯通，沉降控制达毫米级， 列车穿越隧道仅需约3分钟。 由中国铁建参与建设、监理的新建广州至湛江高速铁路(简称"广湛高铁")22日正式开通运营。至此，粤 西正式迈入时速350公里高铁时代，从广州白云站到湛江北站最快92分钟可达。 作为广东省自主投资建设技术最复杂、线路最长、投资最大的铁路项目，广湛高铁全长401公里，设计 时速350公里。线路自广州站引出，经过广州市、佛山市、肇庆市、云浮市、阳江市、茂名市、湛江 市，终至湛江北站。开通运营初期，广湛高铁每日开行动车组列车最高达64列。广州白云至湛江北、茂 名南最快分别1小时32分、1小时20分可达，广州至湛江最快运营时间较广州经江门至湛江运行最快时间 压缩61分钟。 广湛高铁佛山特大桥。 广湛高铁是国家"八纵八横"高速铁路网的重要组成部分，是连接粤港澳大湾区和海南自贸港 ...

格隆汇12月22日丨中国铁建(01186.HK)公告，中国铁建股份有限公司2022年面向专业投资者公开发行科 技创新可续期公司债券(第二期)(品种一)将于2025年12月29日开始支付自2024年12月29日至2025年12月 28日期间的最后一个年度利息和本期债券本金。 ...

债券简称"铁建YK03"，发行总额为人民币20亿元，票面利率为3.75%，每手"铁建YK03"兑付本金为 1,000元，每手"铁建YK03"面值1,000元派发利息为37.50元(含税)。 中国铁建（601186）(01186)公布，中国铁建股份有限公司2022年面向专业投资者公开发行科技创新可 续期公司债券(第二期)(品种一)将于2025年12月29日开始支付自2024年12月29日至2025年12月28日期间 的最后一个年度利息和本期债券本金并摘牌。 ...

智通财经APP讯，中国铁建(01186)公布，中国铁建股份有限公司2022年面向专业投资者公开发行科技创 新可续期公司债券(第二期)(品种一)将于2025年12月29日开始支付自2024年12月29日至2025年12月28日 期间的最后一个年度利息和本期债券本金并摘牌。 债券简称"铁建YK03"，发行总额为人民币20亿元，票面利率为3.75%，每手"铁建YK03"兑付本金为 1,000元，每手"铁建YK03"面值1,000元派发利息为37.50元(含税)。 ...

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。 海外監管公告 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2021年 面 向 專 業 投 資 者 公 開 發 行 可 續 期 公 司 債 券（第 四 期）（品 種 二）2025年 付 息 公 告」，僅 供 參 閱。 承董事會命 中國鐵建股份有限公司 董事長 戴和根 中國‧北京 2025年12月22日 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 ...

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。 海外監管公告 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。 承董事會命 中國鐵建股份有限公司 董事長 戴和根 中國‧北京 2025年12月22日 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） 及 朱 霖 女 士（職 工 董 事）。 债券代码：138800 债券简称：铁建YK03 中国铁建股份有限公司 2022 年面向专业投资者公开 发行科技创新可续期公司债券（第二期）（品种一） 2025 年本息兑付及摘牌公告 茲 載 列 ...

Core Viewpoint - The opening of the Guang-Zhan High-Speed Railway and the Shan-Shan High-Speed Railway marks a significant expansion of Guangdong's high-speed rail network, enhancing connectivity within the Guangdong-Hong Kong-Macao Greater Bay Area and promoting regional economic integration [1][2][10]. Group 1: Infrastructure Development - The Guang-Zhan High-Speed Railway spans approximately 401 kilometers with a total investment of 99.8 billion yuan, making it the most complex and largest railway project in Guangdong [4][10]. - The railway includes the longest underwater tunnel for high-speed rail in China, measuring 9,640 meters, and utilizes advanced construction techniques to overcome significant geological challenges [6][8]. - The Shan-Shan High-Speed Railway features a 9,781-meter underwater tunnel, which is recognized as one of the most challenging construction projects in the country due to its geological conditions [7][9]. Group 2: Economic Impact - The expansion of the high-speed rail network is expected to significantly reduce travel time, facilitating the movement of people and goods, and ultimately driving economic growth in the less developed regions of Guangdong [9][10]. - In 2023, Guangdong's GDP reached 13.57 trillion yuan, with the Pearl River Delta contributing 81.2% of this total, highlighting the economic disparity between the region and the less developed areas [9]. - The Guang-Zhan High-Speed Railway is anticipated to attract talent and capital to the underdeveloped regions of Guangdong, fostering industrial transfer and technological diffusion [9][10]. Group 3: Regional Integration - The new rail connections are set to transform the economic landscape of the Guangdong region, positioning cities like Zhanjiang as strategic nodes in the national railway network and enhancing their role in the Greater Bay Area [10][15]. - The high-speed rail network is part of a broader strategy to create a more balanced and integrated economic environment in Guangdong, addressing historical transportation barriers that have hindered development in the eastern and western parts of the province [11][12]. - The development of high-speed rail is expected to lead to the establishment of "high-speed rail new cities" around stations, promoting urban development and industrial upgrades in surrounding areas [15][16].

Core Viewpoint - The Guangzhou-Zhanjiang High-Speed Railway (广湛高铁) has officially opened, marking the entry of western Guangdong into the 350 km/h high-speed rail era, significantly improving travel convenience between Guangzhou and Zhanjiang [1][5]. Group 1: Project Overview - The Guangzhou-Zhanjiang High-Speed Railway spans 401 kilometers with a design speed of 350 km/h, connecting major cities including Guangzhou, Foshan, Zhaoqing, Yunfu, Yangjiang, Maoming, and Zhanjiang [1][5]. - It is the most complex, longest, and largest investment railway project in Guangdong Province, with a bridge-tunnel ratio of 76.8% [3]. Group 2: Engineering Challenges - The project faced significant construction challenges due to complex terrain and geological conditions, including key projects like the Zhanjiang Bay underwater tunnel and the Foshan Grand Bridge [3]. - The Zhanjiang Bay underwater tunnel, measuring 9,640 meters, is the longest underwater high-speed rail tunnel in China, utilizing advanced shield tunneling technology [3]. - The construction team implemented an intelligent management system for comprehensive control over progress, safety, and quality, achieving tunnel completion in 33 months with millimeter-level settlement control [3]. Group 3: Environmental Considerations - To minimize noise and vibration from high-speed trains, a 2.5-kilometer circular fully enclosed sound barrier was installed on the Foshan Grand Bridge, creating a "soundproof tunnel" [3]. - This soundproof tunnel is the first of its kind applied to a 350 km/h high-speed rail project in the Guangdong-Hong Kong-Macao Greater Bay Area, providing a new solution for noise reduction in densely populated urban areas [3]. Group 4: Station Design and Cultural Integration - The design of the Yangjiang North Station incorporates elements of the sea, with a focus on aesthetics and wind resistance, creating a unique urban reception area [5]. - Maoming South Station's design reflects local cultural characteristics, integrating themes of the South China Sea and local fishing culture into its architecture [5]. - The project utilized BIM technology for efficient collaboration across disciplines, overcoming challenges in constructing complex architectural shapes [5]. Group 5: Strategic Importance - The Guangzhou-Zhanjiang High-Speed Railway is a crucial part of the national "eight vertical and eight horizontal" high-speed rail network and serves as a key passenger transport corridor along the coast [5]. - The completion of this railway will significantly shorten travel times between western Guangdong and the Guangdong-Hong Kong-Macao Greater Bay Area, enhancing transportation development and improving travel conditions for local residents [5].

Investment Rating - The report rates the industry as "Overweight" [7] Core Insights - The potential for investment growth in new infrastructure remains significant, with a focus on expanding effective investment space and enhancing private investment vitality [2][3] - Central enterprises are encouraged to identify new growth areas, particularly in renewable energy, aerospace, and low-altitude economy sectors [4] - The government is increasing support for capital in key infrastructure projects, including railways and smart construction initiatives [5] Summary by Relevant Sections Recent Key Reports - The report highlights the importance of strategically expanding investment in new infrastructure and emphasizes the need for a coordinated approach to urbanization and rural revitalization [3][4] Key Company Recommendations - Recommended companies include China Railway, China Communications Construction, and China State Construction, all of which are expected to benefit from high dividend yields and stable growth [8][11] - Specific sectors such as clean rooms, commercial aerospace, and controlled nuclear fusion are highlighted for their growth potential, with recommended stocks including Yaxiang Integration and Shanghai Port [6][10] Macro/Meso/Micro Data - The report indicates a projected increase in broad infrastructure funding by 7.3% in 2025, driven by enhanced fiscal policies and the issuance of special bonds [31][32] - It also notes that the construction industry is experiencing a decline in net profit margins, with a 10% year-on-year decrease in net profit reported [14][15]