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。 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條而發表。 以下為中國冶金科工股份有限公司（「本公司」）於二零二 五 年 十二月四日 在 上 海 證 券 交 易 所 網 站 刊 發 的 資 料 全 文，僅 供 提 供 信 息 之 用。 承董事會命 证券代码：601618 证券简称：中国中冶 公告编号：临2025-054 中国冶金科工股份有限公司 关于 2025 年 11 月提供担保的公告 中国冶金科工股份有限公司（以下简称"中国中冶"、"本公司"、"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。 中國冶金科工股份有限公司 常 琦 聯席公司秘書 北 京，中 國 二零二五年 十二月四 日 於 本 公 告 日 期，本 公 司 董 ...

每经头条（nbdtoutiao）——让"铁疙瘩"从数万米高空精准"踩刹车"，中国商业航天"降本复用"只差"最 后一公里"！朱雀之后，同行排队接力 截至发稿，中国中冶市值为682亿元。 每经AI快讯，中国中冶（SH 601618，收盘价：3.29元）12月4日晚间发布公告称，截至2025年10月末， 公司及下属子公司对外担保总额人民币197.2亿元，占公司2024年度经审计归母净资产的12.89%；其 中，公司对全资及控股子公司提供的担保总额人民币183.94亿元，占公司2024年度经审计归母净资产的 12.02%；公司未对控股股东和实际控制人及其关联人提供担保，无逾期对外担保。 2025年1至6月份，中国中冶的营业收入构成为：工程承包占比91.32%，特色业务占比7.71%，房地产开 发占比2.02%，其他业务占比-1.05%。 （记者 曾健辉） ...

证券代码：601618 证券简称：中国中冶 公告编号：临2025-054 中国冶金科工股份有限公司 关于 2025 年 11 月提供担保的公告 中国冶金科工股份有限公司（以下简称"中国中冶"、"本公司"、"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： 担保对象及基本情况 | | 担保人名称 被担保人名称 | 北京恩菲环保股份有限公司 涿州中设环保有限公司 | | | --- | --- | --- | --- | | | 本次担保金额 | 人民币 | 万元 28,000 | | 担保 1 | | | | | | 实际为其提供的担保余额 | 人民币 | 万元 14,196 | | | 是否在前期预计额度内 | □否 是 | □不适用：_________ | | | 本次担保是否有反担保 | □是 否 | □不适用：_________ | | | 担保人名称 被担保人名称 | 北京恩菲环保股份有限公司 涿州中设水处理有限公司 | | | --- | --- | --- | --- | | | 本次担保金额 ...

中国中冶公告称，2025年，其控股子公司恩菲环保发生2项担保，为中设环保、中设水处理分别提供2.8 亿元、0.8亿元连带责任保证担保，均无反担保。截至2025年10月末，公司及下属子公司对外担保总额 197.20亿元，占2024年度经审计归母净资产的12.89%，无逾期对外担保。此次担保在2025年度担保计划 范围内，是为满足子公司资金需求，风险可控。 ...

截至月份: 2025年11月30日 狀態: 新提交 致：香港交易及結算所有限公司 FF301 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 公司名稱: 中國冶金科工股份有限公司 呈交日期: 2025年12月2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) | 01618 | 說明 | | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | | 法定/註冊股本 | | | 上月底結存 | | | 2,871,000,000 | RMB | | | 1 RMB | | 2,871,000,000 | | 增加 / 減少 (-) | | | | | | | RMB | | | | 本月底結存 | | | 2,871,000,000 | RMB | | | 1 RMB | | 2,871,000,000 | | ...

资料显示，中国冶金科工股份有限公司位于北京市朝阳区曙光西里28号中冶大厦，成立日期2008年12月 1日，上市日期2009年9月21日，公司主营业务涉及工程承包、资源开发、装备制造、房地产开发及其他 业务。主营业务收入构成为：工程承包90.83%，特色业务7.10%，综合地产2.02%，其他0.05%。 华夏沪深300ETF（510330）基金经理为赵宗庭。 12月1日，中国中冶涨5.03%，截至发稿，报3.34元/股，成交6.79亿元，换手率1.15%，总市值692.17亿 元。 从中国中冶十大流通股东角度 数据显示，华夏基金旗下1只基金位居中国中冶十大流通股东。华夏沪深300ETF（510330）三季度减持 92.72万股，持有股数6558.16万股，占流通股的比例为0.32%。根据测算，今日浮盈赚取约1049.31万 元。 华夏沪深300ETF（510330）成立日期2012年12月25日，最新规模2280.61亿。今年以来收益17.91%，同 类排名2666/4206；近一年收益19.89%，同类排名2394/4008；成立以来收益141.79%。 华夏中证基建ETF（159635）基金经理为严筱娴。 ...

Group 1 - The report maintains a positive outlook on the construction and decoration industry, emphasizing the sustained growth policies and the favorable economic environment in the western regions of China, particularly in Xinjiang and Sichuan [5][12][22] - The "14th Five-Year Plan" is expected to drive high-quality development in domestic infrastructure investment, with significant projects like the Yarlung Tsangpo River downstream hydropower project and the Duku Highway in Xinjiang set to commence construction [10][11][15] - The report highlights the importance of new infrastructure needs, including the construction of a modern energy system and the development of smart transportation systems, which are anticipated to create new investment opportunities for companies in the sector [25][26] Group 2 - The report identifies key companies that are likely to benefit from the infrastructure boom in Xinjiang, such as Xinjiang Communications Construction, Qingsong Construction, and China Chemical Engineering, due to their involvement in major projects [14][16][19] - The coal chemical industry in Xinjiang is entering a phase of accelerated investment, with numerous projects planned or under construction, which is expected to enhance the operational performance of companies like China Metallurgical Group and China Railway Group [17][19][20] - The report notes that the Belt and Road Initiative continues to present overseas construction opportunities, with significant growth in new orders for major state-owned enterprises in both domestic and international markets [5][19][22] Group 3 - The report emphasizes the potential for companies involved in the new energy sector, as the government aims to construct a new energy system and achieve carbon peak goals, creating opportunities for firms engaged in renewable energy projects [25][26] - Companies like Suzhou Transportation Science and Technology and Huase Group are highlighted for their roles in the emerging low-altitude economy, which is expected to see accelerated development in infrastructure and operational capabilities [5][25] - The report discusses the rising prices of key minerals such as gold, copper, and cobalt, suggesting that companies involved in mineral resource development, like China Metallurgical Group and China Railway Group, may see increased value from their operations [17][19][22]

Group 1 - The core point of the news is that major Chinese construction state-owned enterprises (SOEs) have reported a decline in net profit for the first three quarters of 2025, with only China Chemical achieving growth [1][2] - Among the nine major construction SOEs, revenue and net profit accounted for 83.45% and 83.99% of the Shenwan construction sector, respectively, indicating their dominant position in the industry [1] - Excluding SOEs, the construction sector experienced a revenue decline of 12.37% and a net profit decline of 5.48%, showing a significant worsening in performance compared to the previous year [1] Group 2 - China State Construction's revenue for the first three quarters of 2025 was 1,558.22 billion yuan, a decrease of 4.20%, while net profit was 38.182 billion yuan, down 3.83% [2] - China Metallurgical Group and China Nuclear Engineering reported significant declines in net profit, with China Metallurgical's net profit down 41.9% and China Nuclear's down 23.96% [2][3] - The decline in profits for these companies is attributed to external factors such as decreased demand in the steel industry and a slowdown in the construction and real estate sectors [3] Group 3 - National fixed asset investment decreased by 0.5% in the first nine months of 2025, with infrastructure investment growing by only 3.34%, indicating a slowdown in overall investment [3] - China Chemical reported a revenue of 136.3 billion yuan, a year-on-year increase of 1.15%, and a net profit of 4.232 billion yuan, up 10.28%, marking it as an outlier in a struggling market [3][4] - The company has focused on chemical engineering and infrastructure, with its chemical engineering business generating 748.12 billion yuan in revenue, accounting for 83.06% of its main business income [4] Group 4 - The total new contracts signed by construction SOEs in the first three quarters reached approximately 10.5 trillion yuan, a year-on-year increase of about 1.31% [5] - Major players like China State Construction and China Railway have a price-to-earnings ratio of about 5 and a price-to-book ratio of less than 0.5, indicating a high safety margin and potential for valuation recovery [5]

Investment Rating - The report maintains an investment rating of "Outperform" for the construction and decoration industry [3]. Core Viewpoints - The report highlights a continued decline in fixed asset investment in October, with a focus on the positive impact of moderately loose monetary policy and the acceleration of strategic project implementation [14][20]. - It emphasizes the increase in net financing of special bonds and rapid deployment of special government bonds, indicating a supportive funding environment for infrastructure projects [21][19]. Summary by Sections Industry Perspective and Investment Recommendations - The construction and decoration index rose by 0.35%, outperforming the overall A-share index by 0.53 percentage points, with notable performances in landscaping engineering and decoration sectors [13][30]. - Fixed asset investment from January to October 2025 reached CNY 408,914 billion, down 1.7% year-on-year, with infrastructure investment at CNY 203,809 billion, growing by 1.5% [14][16]. Key Company Dynamics - China Construction reported a new contract total of CNY 33,194 billion from January to October 2025, up 2.0% year-on-year [37]. - China Metallurgical Group announced a new contract amount of CNY 8,451 billion, down 11.8% year-on-year [37]. Valuation Status - As of November 14, 2025, the price-to-earnings (PE) ratios for various construction sub-sectors were as follows: housing construction at 6.64x, decoration at -24.37x, and municipal engineering at 8.14x [40].

Group 1 - The metal lead concept increased by 2.03%, ranking second among concept sectors, with 28 stocks rising, including Chifeng Jilong Gold Mining (up 7.00%), Xinyi Silver Tin (up 6.68%), and Tin Industry Co. (up 5.88%) [1][2] - The leading stocks in terms of decline included Wolong New Energy (down 3.13%), Yuehongyuan A (down 2.62%), and Jinhui Co. (down 1.91%) [1][2] Group 2 - The metal lead sector experienced a net outflow of 0.15 billion yuan from main funds, with 17 stocks seeing net inflows, and 8 stocks receiving over 30 million yuan in net inflows [2] - Zijin Mining led the net inflow with 1.03 billion yuan, followed by Hunan Silver (net inflow of 587.87 million yuan), Huayu Mining (net inflow of 533.39 million yuan), and China Metallurgical Group (net inflow of 497.01 million yuan) [2][3] Group 3 - In terms of net inflow ratios, Beijiete, China Metallurgical Group, and Hunan Silver had the highest ratios at 12.40%, 12.32%, and 8.80% respectively [3] - The top stocks by net inflow in the metal lead concept included Zijin Mining (up 3.35%), Hunan Silver (up 3.76%), and Huayu Mining (down 0.13%) [3]