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。 茲載列中國中鐵股份有限公司於2025年9月25日在上海證券交易所網站刊登的「中國中鐵 股份有限公司重大工程中標公告」，僅供參閱。 承董事會命 中國中鐵股份有限公司 陳文健 董事長 2025年9月25日 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。 中国中铁股份有限公司 重大工程中标公告 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 性负个别及连带责任。 近期，本公司中标以下重大工程： | | | 单位：万元 | 币种：人民币 | | | --- | --- | --- | --- | --- | | 序 | 中标单位 | 中标项目 | 本公司中标 | 工期 | | 号 | | | 金额 | | | 铁路工程 | | | | | | | 中铁一局、中铁二 局、中铁三局 | 新建长沙至赣州高速铁路江西段 CGJ ...

| A股代码：601390 | A | 股简称：中国中铁 公告编号：临2025-050 | | --- | --- | --- | | H股代码：00390 | H | 股简称：中国中铁 | 中国中铁股份有限公司 重大工程中标公告 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 性负个别及连带责任。 近期，本公司中标以下重大工程： | | | 单位：万元 | 币种：人民币 | | | --- | --- | --- | --- | --- | | 序 | 中标单位 | 中标项目 | 本公司中标 金额 | 工期 | | 号 | | | | | | 铁路工程 | | | | | | 1 | 中铁一局、中铁二 局、中铁三局 | 新建长沙至赣州高速铁路江西段 CGJXZQ-1 标段、 CGJXZQ-3 标段、CGJXZQ-5 标段、CGJXZQ-6 标段、 | 1,727,093 | 1826 日历天 | | | 中铁八局、中铁隧 道局 | CGJXZQ-9 标段施工总价承包 | | | | | 中铁三局、中铁六 | 临哈铁路临河至额济纳段扩能改造 ...

中国中铁（601390）(601390.SH)公告，公司近期中标重大工程中标价合计约502.15亿元。 ...

智通财经APP讯，中国中铁(601390.SH)公告，公司近期中标重大工程中标价合计约502.15亿元。 ...

人民财讯9月25日电，中国中铁（601390）9月25日公告，近期，公司中标11个重大工程，中标价合计约 502.15亿元，约占公司中国会计准则下2024年营业收入的4.34%。 ...

Core Viewpoint - China Railway has recently won multiple significant projects, including railway, highway, and municipal engineering, with a total bid amount of approximately 50.215 billion yuan, representing about 4.34% of the company's projected revenue for 2024 [1] Group 1: Project Details - The total bid amount for the recent projects is approximately 50.215 billion yuan [1] - The projects involve various units such as China Railway First Bureau, China Railway Second Bureau, and China Railway Third Bureau [1] - The duration of the projects ranges from 841 calendar days to 1826 calendar days [1]

Core Insights - Chengdu's central urban area successfully auctioned three residential land plots, with a total transaction amount of 2.278 billion yuan [1] - The auction included two plots in Tianfu New District and one in Eastern New District, with two plots sold at a premium and one at the base price [1] Group 1: Tianfu New District - Two plots in Tianfu New District were sold using a "combined supply" model, with a starting floor price of 14,000 yuan per square meter [1] - The first plot (TF(070102):2025-14) has a planned construction area of 44,192.6 square meters and a starting price of 619 million yuan [1] - The second plot (TF(070102):2025-15) has a planned construction area of 82,435.94 square meters and a starting price of 1.154 billion yuan [1] - The winning bid for the Tianfu New District plots was made by a consortium of China Railway Construction and Chengdu Investment, with a final floor price of 16,300 yuan per square meter and a premium rate of 16.4% [1] Group 2: Eastern New District - The plot in Eastern New District was acquired by Chengdu Transportation Investment at the base price, with a transaction floor price of 3,750 yuan per square meter and a total price of 214 million yuan [2] - The Eastern New District plot has a total land area of 37,972.08 square meters (approximately 56.96 acres) and a planned construction area of 56,958 square meters, with a floor area ratio of 1.5 [2]

Market Overview - On September 24, the infrastructure sector experienced a slight decline of 0.03%, with Xinjiang Communications Construction leading the drop [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] Individual Stock Performance - Notable gainers in the infrastructure sector included: - Chengbang Co., Ltd. (603316) with a closing price of 13.92, up 10.04% and a trading volume of 275,000 shares, totaling a transaction value of 366 million yuan [1] - Jiaojian Co., Ltd. (603815) closed at 12.60, up 7.14% with a transaction value of 312 million yuan [1] - ST Huawang (603007) closed at 5.70, up 4.97% with a transaction value of 156 million yuan [1] - Conversely, Xinjiang Communications Construction (002941) saw a significant decline of 7.18%, closing at 16.15 with a trading volume of 1,038,100 shares and a transaction value of 1.679 billion yuan [2] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 161 million yuan from institutional investors, while retail investors saw a net inflow of 76.34 million yuan [2] - Key stocks with notable capital flows included: - Pudong Construction (600284) with a net inflow of 25.82 million yuan from institutional investors [3] - Oriental Garden (002310) had a net inflow of 21.25 million yuan from institutional investors [3] - Zhejiang Communications Technology (002061) recorded a net inflow of 19.09 million yuan from institutional investors [3]

Investment Rating - The report maintains an "Overweight" rating for the construction and decoration industry [1] Core Views - Infrastructure investment growth is under pressure, with a cumulative year-on-year increase of 2.0% from January to August, slowing down by 1.2 percentage points compared to the previous month. In August, infrastructure investment saw a year-on-year decline of 5.9% [2][11] - The report highlights that while the construction and real estate sectors face challenges, there is potential for policy support to boost growth, particularly through major infrastructure projects and urban renewal initiatives [2][11] - The report recommends focusing on leading state-owned enterprises in infrastructure, such as China Communications Construction Company, China Electric Power Construction, and China Railway Group, which are expected to see valuation recovery [2][11] Summary by Sections Industry Views - From January to August, the year-on-year growth rates for various sectors are as follows: railway transportation +4.5%, road transportation -3.3%, water conservancy management +7.4%, and public facilities management -1.1%. All sectors showed a slowdown compared to the previous month [2][11] - Cement production from January to August decreased by 4.8% year-on-year, with a notable decline of 6.2% in August alone. The overall revenue and profit in the construction sector remain under pressure, although cash flow has improved [2][11][16] International Expansion - In the first half of 2025, China's overseas contracting projects saw a revenue increase of 9.3% year-on-year, with new contracts growing by 13.7%. Notably, contracts in Belt and Road Initiative countries increased by 21% [3][12] - The report suggests that the ongoing geopolitical tensions and trade frictions may lead to increased infrastructure cooperation abroad, benefiting companies involved in international engineering projects [3][12] Demand Structure and New Opportunities - The report identifies opportunities in the semiconductor cleanroom sector, driven by increased capital expenditures from international semiconductor giants and cloud service providers. Companies like Shenghui Integrated and Yaxiang Integrated are recommended for investment [3][12]

Core Insights - The China-Laos Railway has successfully operated over 80,000 passenger trains and transported more than 59 million passengers as of September 20, with over 580,000 cross-border travelers from 115 countries utilizing the service [1] - Due to high demand, the number of cross-border passenger seats has increased from 250 to 420 per train, and daily entry and exit numbers have surged from 300 to a peak of 1,300 [1] Group 1 - The railway has established dedicated ticket purchase windows for international travelers at stations along the route, and has enabled foreign bank card payments and various foreign traveler document purchases at multiple domestic stations [1] - The service enhancements have received positive feedback from international tourists, with travelers from Laos praising the affordability and convenience of the railway for travel within China [1] - A British tourist highlighted the comfort and efficiency of the Chinese railway system, expressing a desire to return for further exploration of China [1][2] Group 2 - A Laotian student studying at Kunming Railway Technical College commended the railway for being fast, convenient, and comfortable, indicating its popularity among local users [2]