| 序 | 合同签订主体 | 项目（合同）名称 | 合同金额 | | --- | --- | --- | --- | | 号 | | | | | 1 | 中国一冶集团有限公司 | 黄石市开铁区云头垴矿区石灰岩矿 | 54.9 | | | | 建设项目 EPC | | | 2 | 上海宝冶集团有限公司 | 高铁宝山站站城融合及配套设施建 | 30.0 | | | | 设项目（02aA-04 地块） | | | 3 | 中国五冶集团有限公司 | 江苏省 5G 通信塔及附属工程施工总 | 23.8 | | | | 承包项目 | | | 4 | 中国五冶集团有限公司 | 遂宁高新区新能源制造产业园及配 套基础设施建设项目（一期）-标准 厂房；遂宁高新区国电投新能源新质 | 14.0 | | | | 生产力项目（一期）设计施工总承包 | | | | | 合同 | | | 5 | 中冶沈勘工程技术有限公司 | 蒙古国中戈壁省 00RTS0G 0V00 锡矿 采矿、代销及锡矿矿石加工厂建设运 | 13.5 | | | | 营项目 | | | | 中国二十二冶集团有限公司 | 唐山市丰润区城市新生活广场（东 | | | 6 ...

证券代码：601618 证券简称：中国中冶 公告编号：2025-036 中国冶金科工股份有限公司 2024年度A 股利润分配方案实施公告 中国冶金科工股份有限公司（以下简称"公司"、"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： 每股分配比例 A 股每股现金红利人民币0.056元（含税） 相关日期 本次利润分配方案经公司2025 年 6 月 30 日召开的2024年度股东周年大会审 议通过。2024 年度股东周年大会决议公告刊登在 2025 年 7 月 1 日的《中国证券 报》、《上海证券报》、《证券时报》、《证券日报》及上海证券交易所网站 （www.sse.com.cn）上。 二、分配方案 1.发放年度：2024年年度 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体 A 股 股东。 3.分配方案： 本次利润分配以方案实施前的公司总股本20,723,619,170股为基数，每股派 1 | 股份类别 ...

中国中冶：2025年1-6月新签合同额人民币5,481.9亿元，较上年同期降低19.1%， 其中新签海外合同额 人民币576.9亿元，较上年同期增长32.5%。 ...

Investment Rating - The industry investment rating is "Positive" [1] Core Viewpoints - The report indicates that the total investment in the industry is expected to stabilize, with a focus on advancing modern infrastructure systems without excessive preemption [1][3] - The National Development and Reform Commission (NDRC) has stated that all 102 major projects outlined in the "14th Five-Year Plan" are expected to be completed by the end of the year [11] - The report highlights that regional investments are likely to gain significant elasticity as national strategic layouts deepen [3] Industry Performance - The construction industry saw a weekly increase of 2.59%, outperforming major indices such as the Shanghai Composite Index (+1.09%) and the Shenzhen Component Index (+1.78%) [4][6] - The best-performing sub-industries for the week were Ecological Landscaping (+5.49%), International Engineering (+5.34%), and Design Consulting (+4.20%) [6][9] - Year-to-date, the top three sub-industries are Ecological Landscaping (+27.48%), Decorative Curtain Walls (+15.98%), and Design Consulting (+15.74%) [6][9] Key Company Developments - Anhui Construction won contracts for the S27 Hohhot to Ordos Expressway and G4212 Hefei to Anqing Expressway, totaling 8.085 billion yuan, which represents 8.38% of its 2024 revenue [13] - Zhejiang Communications won a contract for the G2531 Hangzhou to Shangrao Expressway, valued at 4.222 billion yuan, accounting for 8.84% of its 2024 revenue [13] - The report recommends low-valuation state-owned enterprises such as China Chemical, China Railway, and China Railway Construction, while also highlighting private companies like Zhite New Materials and Honglu Steel Structure [3][11]

Investment Rating - The report rates the construction and decoration industry as "Overweight" [2][8] Core Viewpoints - The overall investment growth rate is weak, with infrastructure investment providing relative stability amidst pressures in manufacturing and real estate. Infrastructure investment (excluding electricity) grew by 5.6% year-on-year from January to May 2025, while total infrastructure investment increased by 10.4% [2] - The report predicts that corporate profits will face pressure in the first half of 2025 due to slowing fixed asset investment growth and a focus on project quality. The expected net profit growth rates for key companies are categorized into various ranges, with some companies projected to see declines [2][3] - The report suggests that low valuations of state-owned enterprises in the construction sector may recover due to ongoing economic stimulus policies and management's market value management methods. The current PE and PB ratios for the construction industry are at 11.2X and 0.76X, respectively, indicating a bottom position [2] - Investment recommendations include state-owned enterprises such as China Chemical, China Railway, and China Railway Construction, as well as private companies like Zhi Te New Materials and Shenzhen Ruijie [2] Summary by Relevant Sections Profit Growth Predictions - Companies with a net profit growth rate below -10%: China Railway, China Railway Construction, China Metallurgical Group, China Power Construction, Shanghai Construction, Honglu Steel Structure, Southeast Network Framework [3] - Companies with a net profit growth rate between -10% and 0%: China Communications Construction, Sichuan Road and Bridge [3] - Companies with a net profit growth rate between 0% and 10%: China Energy Engineering, China Steel International, Anhui Construction, Donghua Technology [3] - Companies with a net profit growth rate between 10% and 20%: China Chemical [3] - Companies with a net profit growth rate above 20%: Zhi Te New Materials, Shenzhen Ruijie [3] Valuation Table - The report includes a valuation table for key companies in the construction industry, detailing their stock prices, EPS, PE ratios, and projected net profit growth rates for 2024A, 2025E, and 2026E [3]

Core Viewpoint - The State-owned Assets Supervision and Administration Commission (SASAC) has recognized China Wuyi Group as a benchmark enterprise in the "Double Hundred Action" for state-owned enterprise reform in 2024, highlighting its significant progress in comprehensive reform initiatives [1][3]. Group 1: Reform Initiatives - The "Double Hundred Action" is a special initiative by the State Council aimed at selecting central and local state-owned enterprises to advance comprehensive reforms and achieve breakthroughs in key areas [3]. - China Wuyi Group has actively implemented the reform directives from SASAC and other state-owned enterprises, focusing on strengthening party leadership, optimizing structural layout, and enhancing technological innovation [3][6]. - The company aims to improve capital allocation efficiency and governance levels while supporting national strategic security through its reform measures [3]. Group 2: Future Plans - Following its recognition as a benchmark enterprise, China Wuyi Group plans to deepen its reform efforts with greater intensity and practical measures [6]. - The company is committed to enhancing its core functions and competitiveness, striving to become a leading enterprise in the industry and a top-tier service provider across the entire industry chain [6].

Group 1 - As of July 4, the metal nickel concept declined by 2.22%, ranking among the top declines in the concept sector, with companies like Dao's Technology, Feinan Resources, and Xiangtan Electrochemical showing significant drops [1][2] - Within the metal nickel concept, there were 30 stocks experiencing net outflows of main funds, with a total outflow of 1.36 billion yuan, and 8 stocks seeing outflows exceeding 50 million yuan [2][3] - The leading stock in terms of net outflow was Dao's Technology, which saw a net outflow of 217 million yuan, followed by Luoyang Molybdenum, Huayou Cobalt, and Xiangtan Electrochemical with net outflows of 191 million yuan, 186 million yuan, and 144 million yuan respectively [2][3] Group 2 - The top gainers in the metal nickel concept included two stocks, with both Blue Sky Technology and Xingye Silver Tin rising by 0.42% [1][2] - The overall market sentiment for the metal nickel sector appears negative, as indicated by the significant net outflows and the majority of stocks experiencing declines [2][3] - The trading volume and turnover rates for the stocks in the metal nickel concept varied, with Dao's Technology showing a turnover rate of 12.61% despite a decline of 6.13% [3]

Meeting Overview - The annual general meeting of China Metallurgical Group Corporation was held on June 30, 2025, at the company's headquarters in Beijing [2] - The meeting was legally convened and chaired by Chairman Chen Jianguang, with attendance from some board members and the board secretary [3] Attendance - Out of 7 current directors, 3 attended the meeting, while 4 were absent due to other commitments [3] - Among 3 current supervisors, 1 attended, and 2 were absent [3] - The board secretary and other senior executives were present at the meeting [3] Resolutions Passed - The following resolutions were approved during the meeting: 1. The 2024 annual work report of the board of directors [4] 2. The 2024 annual work report of the supervisory board [4] 3. The 2024 financial settlement report [5] 4. The profit distribution for 2024 [5] 5. The remuneration for directors and supervisors for 2024 [5] 6. The guarantee plan for 2025 [5] 7. The appointment of auditing firms for the 2025 financial report [5] 8. The setting of annual limits for related transactions and the renewal of supply agreements [5] 9. The asset securitization business plan [6] 10. Amendments to the company's articles of association [6] 11. Amendments to the rules of shareholder meetings [6] 12. Amendments to the rules of board meetings [6] Legal Verification - The meeting was witnessed by Jia Yuan Law Firm, confirming that the procedures and voting were in compliance with relevant laws and regulations [6]

Meeting Overview - The shareholders' meeting of China Metallurgical Group Corporation was held on June 30, 2025, in Beijing [1] - A total of 1,231 A-share shareholders and 2 H-share shareholders attended the meeting, representing 55.9325% and 1.7115% of the total shares, respectively [1] Voting Results - All proposed resolutions were approved with significant majority votes: - For the first resolution, A-shares had 99.4801% in favor, while H-shares had 95.8222% [1] - The second resolution received 99.9061% support from A-shares and 98.7414% from H-shares [2] - The third resolution saw A-shares voting 99.9044% in favor and H-shares at 98.6097% [2] Special Resolutions - The meeting included special resolutions that required more than two-thirds of the voting rights to pass, which were successfully achieved [4] - Ordinary resolutions required a simple majority and were also passed [4] Legal Compliance - The meeting's procedures and voting were confirmed to comply with the Company Law of the People's Republic of China and the company's articles of association, ensuring the legality and validity of the results [4]

General Information - The company is named Metallurgical Corporation of China Ltd., established as a joint-stock company in accordance with the Company Law and Securities Law of the People's Republic of China [1][2] - The company was approved by the State-owned Assets Supervision and Administration Commission and registered on December 1, 2008, with a unified social credit code [1][2] Company Structure - The company is represented by a legal representative, typically the chairman or president, elected by the board of directors [2] - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is liable for its debts with all its assets [2][3] Business Objectives and Scope - The company's business objectives include compliance with laws, enhancing asset value, and achieving economic and social benefits [4] - The business scope includes engineering consulting, design, equipment leasing, and the development and sale of metallurgical equipment and materials [4][5] Share Capital and Stock Issuance - The company issues shares in the form of stocks with a nominal value of RMB 1 per share [12] - The total number of ordinary shares authorized for issuance is 13 billion, with the founding shareholders holding 12.87 billion shares [7] - The company completed its initial public offering of 3.5 billion shares in September 2009, raising its registered capital to RMB 16.5 billion [7][8] Shareholder Rights and Obligations - Shareholders have the right to receive dividends, attend shareholder meetings, and supervise company operations [17][41] - Shareholders must comply with laws and the company's articles of association, and they cannot withdraw their capital except as permitted by law [41][42] Governance and Decision-Making - The company’s board of directors is responsible for major decisions, including capital increases, profit distribution, and mergers [47][48] - Shareholder meetings can be called by the board or by shareholders holding at least 10% of the shares [51][56] Legal Compliance and Responsibilities - The company must adhere to legal requirements regarding external guarantees and cannot engage in transactions that exceed specified limits without shareholder approval [48][24] - Directors and senior management are accountable for their actions and can be held liable for damages caused to the company [19][20]