该项目建设在技术创新、施工组织和产业带动等方面取得一系列突破性成果，多项指标刷新当地铁路建 设纪录。项目建设中，中国团队坚持技术引领、标准先行，首次完成32.5吨大轴重货车与160公里/小时 客车共线运营的预应力混凝土轨枕设计，顺利通过EN13230系列标准检验认证，实现了拥有100%自主 知识产权的中国铁路技术从设计、制造到应用的全链条输出。 据悉，阿尔及利亚西部铁路矿业线项目是当地重要基础设施工程之一，更被视为推动阿尔及利亚国家经 济发展的重要发展动脉。该项目可实现每年运输5000万吨铁矿石，同时配套运输来贝沙尔省工业区的 2500万吨成品和半成品，实现该国铁路运输能力升级。该项目在未来的运维中，将创造不少于3000个就 业岗位，推动当地就业，带动经济发展。 来源：北京日报客户端 当地时间2月1日，阿尔及利亚西部铁路矿业线项目全线正式通车。该项目由中国铁建承建，是中国企业 在非洲建设的首条沙漠重载铁路。 该项目全长950公里，中国铁建与当地国有企业承建了其中575公里，是中企在阿最大的基建工程。据介 绍，在最高温达50余摄氏度的撒哈拉沙漠中，8000余名中阿建设者仅用24个月就完成了575公里铁路建 设。 ...

中国青年报客户端讯（中青报·中青网记者 卢健）记者从中国铁建获悉，当地时间2月1日，由中国铁建 参建的阿尔及利亚西部铁路矿业线项目全线通车。该项目是中国企业在非洲建设的首条沙漠重载铁路， 也是中企在阿最大基建工程。 该条铁路全长950公里，中国铁建联合当地国有企业承建其中575公里。在最高温达50余摄氏度的撒哈拉 沙漠中，8000余名中阿建设者仅用24个月便完成这段铁路建设，创下沙漠重载铁路建设的"中国速度"。 月1日，阿尔及利亚西部铁路矿业线项目正式投入运营，满载铁矿的重载列车从廷杜夫驶来。中国铁建 供图 此次建设不仅多项指标刷新当地铁路建设纪录，更实现中国重载铁路混凝土轨枕成套技术的首次创新性 海外输出，同时系统培养了一批当地管理人才和铁路产业技术工人，为中阿两国在基础设施领域深化务 实合作打造了新标杆。据当地媒体报道，该项目不仅是当地重要基础设施工程之一，更被视为推动国家 经济发展的重要动脉。 项目预计每年可运输5000万吨铁矿石，同时配套运输贝沙尔省工业区的2500万吨成品和半成品，兼顾客 运需求。未来运维阶段，项目将直接创造不少于3000个就业岗位，助力阿尔及利亚西南部互联互通与产 业升级。 来源： ...

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: 2026年1月31日 狀態: 新提交 致：香港交易及結算所有限公司 公司名稱: 中國鐵建股份有限公司 呈交日期: 2026年2月3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) | 01186 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 2,076,296,000 | RMB | | 1 RMB | | 2,076,296,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 2,076,296,000 | RMB | | 1 RMB | | 2,076,296,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | ...

Group 1 - The core viewpoint of the article highlights the performance of the Infrastructure ETF Huaxia (159635), which rose by 1.24% to 1.140 yuan with a trading volume of 8.1113 million yuan as of the midday close on February 3 [1] - The major holdings of the Infrastructure ETF Huaxia include several companies, with notable increases in stock prices: XCMG Machinery up 2.75%, Zoomlion up 4.40%, and Sany Heavy Industry up 2.20% [1] - The performance benchmark for the Infrastructure ETF Huaxia is the CSI Infrastructure Index return, managed by Huaxia Fund Management Co., Ltd. Since its establishment on June 28, 2022, the fund has achieved a return of 12.52%, with a monthly return of 0.75% [1]

修路先寻石—— 荒漠中勠力攻坚 在当天的通车仪式上，阿尔及利亚总统特本表示，在中企参与下，项目建设速度创下纪录，"感谢中国 朋友们克服艰难的自然条件，圆满完成项目建设"。 "撒哈拉沙漠的环境复杂多变，铁路施工极具挑战。"中国铁建阿尔及利亚西部铁路矿业线项目经理董琳 介绍，两年来，在最高温达50余摄氏度的撒哈拉沙漠中，中阿建设者在"无人、无水、无油、无信号"的 环境中书写着勠力攻坚的故事。 建设初期，项目就上演了一场"寻石之旅"。 修铁路为啥要寻石？"这是铁路建设顺利推进的关键一环。"董琳说，道砟是铁路路基的石子材料，项目 消耗量预计约360万吨。项目初期，当地仅探明一处可用料场，若依赖外购，不仅距离遥远、成本高 昂，供应稳定性也难以保障。经多方研判，项目团队决定自建道砟生产线，寻找合格的石源成为破局关 键。项目副总经理吴海城牵头组建踏勘团队，开启荒漠寻石之旅。"荒漠中无地标可循，迷路、抛锚、 陷车是常态，最远一次踏勘，直线距离超过40公里。"吴海城回忆说。 晨曦中的撒哈拉沙漠，铁轨在沙海间延展，宛如一条墨色长带。 在阿尔及利亚西部腹地，8000余名中阿建设者昼夜攻坚，终迎硕果。当地时间2月1日，中国铁建承建的 ...

非洲首条沙漠重载铁路——阿尔及利亚西部铁路矿业线项目1日全线正式通车。阿尔及利亚总统特本在 贝沙尔省举办的通车仪式上宣布项目正式投入运营。该铁路矿业线全长950公里，中国铁建与当地国有 企业承建其中的575公里，是中企在阿承建的最大基建工程。项目通车后将进一步完善阿尔及利亚国家 铁路网，助力阿西南部省份互联互通和经济发展。（新华社） ...

Investment Rating - The report rates the industry as "Buy" [1] Core Insights - The cleanroom market is expanding due to increased investment in high-tech industries, benefiting companies like Yaxiang Integration, with related companies including Shenghui Integration and Bocheng Co., Ltd. [3][4] - The real estate market is showing signs of marginal improvement, with significant potential for transformation and development [5] Summary by Sections Cleanroom Industry - The growth in high-tech industry investments is driving the expansion of the cleanroom market, with Micron Technology planning to invest $24 billion in a NAND factory in Singapore over the next decade, which will include 700,000 square feet of cleanroom space [4] - The World Semiconductor Trade Statistics (WSTS) predicts a 26.3% increase in the global semiconductor market by 2026, reaching $975 billion, further supporting the cleanroom industry's growth [4] - Yaxiang Integration's parent company reported a consolidated revenue of NT$9.5 billion (approximately RMB 2.1 billion) in December, a year-on-year increase of 165.2% [4] Real Estate Market - The Central Economic Work Conference in December 2025 emphasized stabilizing the real estate market through targeted policies, including controlling inventory and encouraging the acquisition of existing properties for affordable housing [5] - An article published on January 2, 2026, highlighted the importance of managing expectations in the real estate market, which has significant financial asset attributes and broad social implications [5] Recommended Companies - The report recommends Yaxiang Integration for the cleanroom sector, with related companies including Bocheng Co., Ltd. and Shenghui Integration [7] - Other sectors recommended include commercial aerospace, controllable nuclear fusion, and renewable energy, with specific companies highlighted for each sector [7]

针对极硬岩层，项目团队为"镜岭2号"TBM配备高刚度刀盘与重载刀座以增强破岩能力，并搭载超前地 质预报系统，能够提前100米至150米探明前方地质状况，实现对前方不良地质的超前感知与精准研判， 显著提升设备在复杂地层施工的安全性与适应性。 镜岭水库建成后，将显著优化区域水资源配置格局，为绍兴及周边地区城乡居民提供更加稳定可靠的优 质供水，并有效提升曹娥江流域防洪减灾能力，对服务区域经济社会高质量发展具有重要意义。 [ 责编：袁晴 ] 新华社北京2月1日电（记者樊曦）记者1日从中国铁建股份有限公司了解到，浙江镜岭水库关键输水隧 洞工程取得重要进展。应用于这一工程的"镜岭2号"全断面隧道掘进机（TBM）成功实现日掘进63米， 单月掘进突破1000米，实现了在"长距离、极硬岩、多断层"复杂地质条件下隧道施工的新突破。 浙江镜岭水库工程位于绍兴，是集防洪、供水、灌溉等主要功能于一体的国家重大水网工程，是浙江水 网乃至东南地区水网的重要节点工程。工程分为水库枢纽工程和输水工程两大部分，输水线路长约76.3 公里，其中由中铁十八局承建的土建5标TBM隧道全长13.55公里，穿越8条断层破碎带，岩石最高强度 达243兆帕， ...

Investment Rating - The report maintains a "Strong Buy" rating for the construction decoration industry, indicating a positive outlook for the sector [3]. Core Insights - The report emphasizes the arrival of a new industrial era, highlighting significant opportunities for construction companies to engage in cross-industry transformations [17]. - It notes that the net financing of special bonds has increased year-on-year, with a total of 3,086 billion yuan in net financing as of January 30, 2026, which is higher than the average of the past three years [22][23]. - The report identifies key sectors for investment, including commercial aerospace, low-altitude economy, quantum technology, AI, and future energy sources like nuclear power and controlled nuclear fusion [17][20]. Summary by Sections Industry Outlook and Investment Recommendations - The report suggests focusing on the construction of key projects in the western region during the "14th Five-Year Plan," recommending state-owned enterprises such as China Railway Construction and China State Construction [11]. - It highlights the potential benefits for companies involved in tunneling, civil explosives, and geotechnical engineering due to high demand in these sectors [28]. - The report also encourages investment in new economic directions such as commercial aerospace, low-altitude economy, computing power, and AI, recommending companies like Roman Technology and Honglu Steel Structure [28]. Market Performance Review - The construction decoration index fell by 1.44% this week, underperforming the overall A-share index, which declined by 0.44% [34]. - Notable performers included Roman Technology (+18.6%) and Taiji Industry (+16.03%), while companies like Hexin Instruments (-20.65%) and Su Testing (-15.05%) saw significant declines [34][35]. Key Company Dynamics - The report tracks significant company developments, including China Railway Construction signing new contracts worth 1.6 trillion yuan in Q4, showing stability compared to the previous year [21]. - It also notes that Zhite New Materials expects a net profit of 160-200 million yuan for 2025, reflecting a year-on-year increase of 117.11% to 171.39% [21].

Investment Rating - The report maintains a "Positive" investment rating for the construction and engineering sector [11] Core Insights - In the inflation cycle, the prices of commodities such as copper and gold are rising, benefiting construction state-owned enterprises with quality mining rights, while the chemical industry is also expected to show profit resilience due to price elasticity [2][10] Summary by Relevant Sections Resource Sector - China Railway has invested in five modern mines, producing significant quantities of copper, cobalt, molybdenum, lead, zinc, and silver, with a revenue increase of 8.04% year-on-year in resource utilization business [6] - China Power Construction holds a 25.28% stake in Huagang Mining, with copper and cobalt production figures reported for 2025 [7] - Shanghai Construction's mining operations include a significant gold mine in Eritrea, contributing to substantial revenue from gold sales [8] - Sichuan Road and Bridge has developed a resource reserve system focusing on various minerals, with significant overseas projects [9] Chemical Industry - China Chemical has a broad chemical industrial layout, including significant production capacities for various chemicals and advancements in technology for epoxy propylene production [10] - The company has also made progress in potassium and phosphate mining, with substantial production and sales figures reported for 2025 [10] Market Performance - The construction sector's performance has varied, with specific sub-sectors showing positive growth rates year-to-date, such as chemical engineering and steel structure [20][21]