中国中铁：一季度新签项目金额5601亿元。 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 A股代码：601390 A股简称：中国中铁 公告编号：临2025-024 H股代码：00390 H股简称：中国中铁 中国中铁股份有限公司关于召开2025年第一季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4月30日(星期三) 15:00-16:00 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4月23日(星期三) 至4月29日(星期二)16:00前登录上证路演中心网站首页点击"提问预 征集"栏目或通过公司邮箱ir@crecg.com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。 中国中铁股份有限公司（以下简称"公司"）将于2025年4月30日发布公司2025年第一季度报告，为便于 广大投资者更全面深入地了解公司2025年第一季度经营成果、财务状况，公司计划于2025年4月30日 （ ...

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 | 股代码：601390 | 股简称：中国中铁 | 公告编号：临 | A | A | 2025-024 | | --- | --- | --- | --- | --- | --- | | 股代码：00390 | 股简称：中国中铁 | H | H | | | 中国中铁股份有限公司 关于召开 2025 年第一季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 4 月 30 日(星期三) 15:00-16:00 投资者可于 2025 年 4 月 23 日(星期三) 至 4 月 29 日(星期 二)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 通过公司邮箱 ir@crecg.com 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。 中国中铁股份有限公司（以下简称"公司"）将于 2025 年 4 月 ...

Financial Performance - Total revenue for 2024 is RMB 1,160.3 billion, a decrease of 8.2% compared to 2023[23] - Net profit attributable to shareholders for 2024 is RMB 27.9 billion, down 16.7% from 2023[23] - Basic earnings per share for 2024 is RMB 1.085, reflecting a decrease of 16.2% year-on-year[23] - The company’s gross profit for 2024 is RMB 110.2 billion, a decline of 10.2% from the previous year[23] - The company’s operating profit before tax decreased by 14.6% to RMB 40.6 billion in 2024[23] - The net profit for 2024 was CNY 30.76 billion, down 18.3% year-on-year, with profit attributable to shareholders decreasing by 16.7% to CNY 27.89 billion[117][134] - The company's gross profit for 2024 was CNY 110.23 billion, representing a gross margin of 9.5%, down from 9.7% in 2023[120] - The EBITDA of the group was 72.29 billion yuan, down 5.5% year-on-year[78] Assets and Liabilities - Total assets increased by 23.3% to RMB 2,256.3 billion in 2024 compared to 2023[24] - Total liabilities rose by 27.5% to RMB 1,746.3 billion in 2024 compared to 2023[24] - The company’s current assets increased by 25.7% to RMB 1,264.1 billion in 2024[24] - The company’s non-current assets grew by 20.5% to RMB 992.2 billion in 2024[24] Shareholder Information - The total number of shares decreased from 24,752,195,983 to 24,741,865,118 due to the repurchase and cancellation of restricted stocks[34] - The largest shareholder, China Railway Corporation, holds 11,623,119,890 shares, representing 46.98% of total shares[46] - The total number of common stock shareholders as of the end of the reporting period is 464,569[45] - The company has seen a decrease of 28,017,126 shares held by Hong Kong Central Clearing Limited during the reporting period[46] Business Strategy and Development - The company aims to enhance its core competitiveness and contribute to national strategies amidst a complex external environment[27] - The company aims to anchor its strategy on "efficiency improvement and value creation" for 2025, focusing on technological innovation and modern industrial system development[32] - The company is focusing on high-quality development and has made significant progress in key projects such as the Salt-Yi and Tong-Su-Jia-Ning railways[80] - The company is expanding its research into future industries, with five projects underway in areas such as deep-sea tunnels and human living environments[31] Market and Industry Trends - In 2024, the total output value of the construction industry in China is projected to reach RMB 32,650.11 billion, with a year-on-year growth of 3.85%[68] - The new signed contract amount for the construction industry in 2024 is expected to be RMB 33,750.05 billion, a decrease of 5.29% year-on-year[68] - The new signed contract amount for overseas engineering projects is projected to be USD 267.3 billion in 2024, with a year-on-year growth of 1.1%[69] Innovation and Technology - The company has achieved significant progress in innovation, with 12 management innovation results recognized as national modern enterprise management innovations[31] - The company is focusing on technological advancements and the application of new technologies such as AI and big data in the design consulting sector, which is expected to open new business opportunities[70] - The group has developed key technologies in various fields, achieving international leading standards in 51 projects[106] Social Responsibility and Environmental Commitment - The company has been awarded first prize in 10 projects for green construction technology by the China Construction Industry Association, highlighting its commitment to energy conservation and environmental protection[32] - The company has engaged in significant social responsibility efforts, including participation in wetland restoration and disaster relief operations, receiving praise from various governmental and social entities[32] Financial Management and Risks - The company faces various business risks, including real estate investment risk, international operation risk, infrastructure investment risk, and cash flow risk[166] - The company reported floating-rate borrowings of RMB 302.796 billion in 2024, compared to RMB 253.718 billion in 2023[160] - The company's debt-to-asset ratio was 77.4% as of December 31, 2024, an increase of 2.5 percentage points from 74.9% in 2023[164] Leadership and Governance - 任鸿鹏 has held various leadership positions within the company, including Vice President and Party Committee Member since November 2023[198] - The company emphasizes the importance of party leadership in its corporate governance structure[198] - The company is committed to enhancing its market position through strategic leadership and management practices[200]

Investment Rating - The industry investment rating is "Buy" [2] Core Viewpoints - The municipal investment in March continues to show a warming trend, with a focus on domestic demand counter-cyclical adjustments and safe investment areas [1] - The construction industry PMI rose to 53.4 in March, indicating improved activity in the sector [36] - The issuance of special bonds has been stable, with a significant year-on-year increase in the amount issued [44] Summary by Sections 1. Water Conservancy and Power Investment - Water conservancy and power investments continue to maintain high growth, with municipal investment in March showing a year-on-year increase of 6.5% [23] - Narrowly defined infrastructure investment (excluding power) increased by 5.8% year-on-year, while broadly defined infrastructure investment (including power) rose by 11.5% [23][24] 2. Fund Tracking - As of April 18, 2025, the total amount of newly issued special bonds reached 1,063.39 billion CNY, a year-on-year increase of 40.4% [44] - The issuance of city investment bonds reached 1,824.42 billion CNY, with a year-on-year increase of 4.74% [48] 3. Recent Key Company Announcements - Shanghai Construction Group reported a cumulative new contract amount of 64.548 billion CNY for Q1 2025, a year-on-year decrease of 44.03% [60] - Jianghe Group announced a cumulative new contract amount of 1.435 billion CNY for Q1 2025, down 47.13% year-on-year [60]

Core Viewpoint - China Railway Group Limited (601390) has received approval from the China Securities Regulatory Commission to publicly issue corporate bonds totaling no more than 50 billion RMB, with a specific issuance of 25 billion RMB for the first phase of the bonds [1][2] Group 1 - The total face value of the corporate bonds to be issued is capped at 50 billion RMB, with the approval valid until April 3, 2027 [1] - The first phase of the bond issuance includes two types: Type One with a basic term of 3 years and Type Two with a basic term of 5 years, both allowing for extensions [1] - The bonds will be issued at a face value of 100 RMB each, with a maximum issuance scale of 25 billion RMB for the first phase [1] Group 2 - The coupon rate for Type One bonds is set between 1.60% and 2.60%, while Type Two bonds have a coupon rate range of 1.80% to 2.80% [2] - The final coupon rates will be determined based on the results of offline inquiries and will be set within the specified ranges [2] - Type One bonds are referred to as "25铁YK03" with the bond code "242841.SH", and Type Two bonds are referred to as "25铁YK04" with the bond code "242842.SH" [2]

Group 1: Stock Buybacks and Loans - Goer Group announced a stock buyback plan of 500 million to 1 billion yuan for employee stock ownership or equity incentive plans, and received a loan commitment of 860 million yuan from China Construction Bank for this purpose [1] - China Railway received a loan commitment of up to 1.6 billion yuan from Industrial and Commercial Bank of China for stock buyback, specifically for repurchasing A-shares [2] - Yapu Co. plans to repurchase shares with an amount between 100 million to 200 million yuan, with a maximum repurchase price of 24.36 yuan per share [18] - Yongguan New Materials intends to repurchase shares with an amount between 30 million to 50 million yuan, with a maximum price of 20.50 yuan per share [19] Group 2: Acquisitions - Guangyun Technology plans to acquire 100% of Yilian Infinite for a cash consideration not exceeding 650 million yuan, focusing on network equipment sales in BRICS and Belt and Road countries [3] - Jiulian Technology is planning to acquire 51% of Chengdu Nengtong Technology, which is involved in military radar and electronic countermeasures, indicating a significant asset restructuring [4] - Zijin Mining completed the acquisition of 100% equity in Newmont Corporation's Akyem gold mine in Ghana, which had a revenue of 574 million USD and a net profit of 128 million USD in 2023 [6] Group 3: Financial Performance - Xiaocheng Technology reported a net profit of 46.55 million yuan for 2024, reversing a loss from the previous year, with a revenue increase of 47.71% [14] - Zongshen Power expects a net profit of 204 million to 240 million yuan for Q1 2025, representing a year-on-year increase of 70% to 100% [15] - Maoshuo Power reported a net profit of 598,000 yuan for Q1 2025, a significant decline of 95% year-on-year [16] Group 4: Regulatory and Market Updates - ST Pengbo's stock closed at 0.98 yuan, below the 1 yuan threshold, which may lead to delisting if it remains below this price for 20 consecutive trading days [5] - ST Hanma announced the removal of delisting risk warnings, changing its stock name to Hanma Technology, and increasing the daily price fluctuation limit from 5% to 10% [7] - Beiyinmei received an administrative regulatory measure from the Zhejiang Securities Regulatory Bureau due to issues with revenue recognition and non-operating fund occupation by its controlling shareholder [9]

A股代码：601390 A 股简称：中国中铁 公告编号：临2025-023 H股代码：00390 H 股简称：中国中铁 中国中铁股份有限公司 关于拟回购公司部分A股股份收到回购专项贷款承诺函 的公告 本公司董事会及其董事保证本公告所载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。 2025 年 4 月 10 日，中国中铁股份有限公司（以下简称"本公司"或 "公司"）董事长陈文健先生基于对公司未来发展的信心和对公司价值的 认可，提议公司通过上海证券交易所交易系统以集中竞价交易方式回购公 司部分 A 股股份，具体情况详见公司于 2025 年 4 月 11 日在上海证券交易 所网站（www.sse.com.cn）披露的《关于董事长提议回购公司部分 A 股股 份的提示性公告》（公告编号：临 2025-022）。 近日，公司取得中国工商银行股份有限公司北京市分行出具的《贷款 承诺函》，承诺为公司提供不超过人民币 16 亿元且不高于实际执行回购 计划 90%的公司股票回购专项贷款，专项用于公司以集中竞价交易方式回 购公司 A 股股份，贷款期限不超过 3 年。 本次拟回 ...

中国中铁（601390）公告，近日公司收到中国工商银行北京市分行出具的《贷款承诺函》，承诺提供不 超过人民币16亿元的专项贷款，用于公司通过集中竞价交易方式回购部分A股股份。贷款额度不高于实 际执行回购计划90%，期限不超过3年。目前，该回购事项尚需履行公司董事会、股东大会及类别股东 会的审议程序，存在不确定性。公司将根据进展情况履行信息披露义务，提醒投资者关注相关风险。 ...

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份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 中 國 中 鐵 股 份 有 限 公 司 CHINA RAILWAY GROUP LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份代號：390) 董事會會議召開日期 中國中鐵股份有限公司（「本公司」）董事會（「董事會」）宣佈，本公司將於二零二 五年四月二十九日（星期二）舉行董事會會議，藉以（其中包括）批准本公司及其附 屬公司截至二零二五年三月三十一日止三個月的季度業績。 承董事會命 中國中鐵股份有限公司 陳文健 董事長 中國•北京 2025年4月16日 於本公告日期，本公司的執行董事為陳文健先生（董事長）及王士奇先生；本公 司的非執行董事為文利民先生；本公司的獨立非執行董事為修龍先生、孫力實女 士及屠海鳴先生。 ...