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 十二月十 五 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。 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 承董事會命 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 十 五 日 於 本 公 告 日 期，本 公 司 董 事 會 包 括 執 行 董 事：陳 建 光 先 生 及 白 小 虎 先 生； 非 執 行 董 事：郎 加 先 生 及 閆 愛 中 先 生（職工代表董事）；以 及 獨 立 非 執 行 董 事：劉力先生、吳 嘉 寧 先 生 及 周 國 萍 女 士。 * 僅供識別 A 股简称：中国中冶 A 股代码：601618 公告编号：临 2025 ...

中国冶金科工股份有限公司 2025 年 1-11 月新签合同情况简报 中国冶金科工股份有限公司董事会 中国冶金科工股份有限公司（以下简称"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。 2025 年 12 月 15 日 本公司 2025 年 1-11 月新签合同额人民币 9,581.3 亿元，较上年同期降低 8.6%， 其中新签海外合同额人民币 750.0 亿元，较上年同期增长 0.4%。 11 月份，本公司部分新签单笔合同额在人民币 10 亿元以上的重大工程承包合同 如下： 1 单位：人民币亿元 序 号 合同签订主体 项目（合同）名称 合同 金额 1 中国一冶集团有限公司 南阳市盆窑、李八庙片区城市更新提质 项目(一期、二期)EPC 工程总承包合同 56.0 2 中冶京诚工程技术有限公司 新疆恒泰绿能金属铸造有限公司太阳能 光伏风能发电制氢气在氢基竖炉加工 DRI（120 万吨/年）绿色高纯精密铸件项 目工程总承包（EPC）合同 29.5 3 中国三冶集团有限公司 阿左旗嘉镇浩依尔呼都格石膏矿及伴生 矿开采及加工厂区建 ...

格隆汇12月15日丨中国中冶(601618.SH)公布，本公司2025年1-11月新签合同额人民币9,581.3亿元，较上 年同期降低8.6%，其中新签海外合同额人民币750.0亿元，较上年同期增长0.4%。 ...

人民财讯12月15日电，中国中冶（601618）12月15日公告，公司2025年1—11月新签合同额人民币 9581.3亿元，较上年同期降低8.6%，其中新签海外合同额人民币750.0亿元，较上年同期增长0.4%。 ...

格隆汇12月15日丨中国中冶(601618.SH)公布，本公司2025年1-11月新签合同额人民币9,581.3亿元，较上 年同期降低8.6%，其中新签海外合同额人民币750.0亿元，较上年同期增长0.4%。 ...

Investment Rating - The industry investment rating is "Overweight" [2][25]. Core Insights - Fixed asset investment in China showed a cumulative year-on-year decline of 2.6% from January to November 2025, with manufacturing investment increasing by 1.9% [2][3]. - Traditional infrastructure investment has seen a widening decline, necessitating a stabilization of investment. Infrastructure investment (including all categories) grew by only 0.1% year-on-year, a decrease of 1.4 percentage points compared to the previous month [4][3]. - Real estate investment remains low, with a year-on-year decline of 15.9% from January to November 2025, indicating a weak recovery trajectory [11][3]. Summary by Sections Fixed Asset Investment - The cumulative year-on-year decline in fixed asset investment is 2.6%, with a decrease of 0.9 percentage points from the previous month [3]. - Manufacturing investment has increased by 1.9%, but this is still a decline of 0.8 percentage points compared to the previous month [2]. Infrastructure Investment - Infrastructure investment (excluding electricity) has a year-on-year decline of 1.1%, with a decrease of 1.0 percentage points from the previous month [4]. - Specific sectors such as transportation, storage, and postal services saw a decline of 0.1%, while water, environment, and public facilities management experienced a decline of 6.3% [4]. Regional Investment Trends - Eastern regions reported a year-on-year decline of 6.6%, while central and western regions saw declines of 1.7% and 0.2%, respectively. The northeastern region faced a significant decline of 14.0% [4]. Real Estate Investment - Real estate investment has decreased by 15.9% year-on-year, with construction starts down by 20.5% and completions down by 18.0% [11]. - The current cycle is characterized by excessive clearing of supply entities and difficulties in inventory replenishment, leading to a slow recovery in investment [11]. Investment Recommendations - For 2026, the industry is expected to stabilize, with emerging sectors likely to benefit from major national strategies. Key companies to watch include Sichuan Road and Bridge, China Chemical, and others in new infrastructure and overseas markets [16].

Investment Rating - The report maintains an "Overweight" rating for the industry, indicating a positive outlook for investment opportunities in the sector [1]. Core Insights - Fixed asset investment growth in China has further declined, with a cumulative year-on-year decrease of 2.6% for January to November 2025, a drop of 0.9 percentage points compared to the previous period [2][3]. - Traditional infrastructure investment has seen an expanded decline, necessitating measures to stabilize investment. Infrastructure investment (including all categories) grew by only 0.1% year-on-year, down 1.4 percentage points from the previous month [4]. - Real estate investment remains low, with a year-on-year decrease of 15.9% for January to November 2025, indicating a weak recovery trajectory [11]. Summary by Sections Fixed Asset Investment - The cumulative year-on-year growth rate for fixed asset investment is -2.6%, with manufacturing investment showing a slight increase of 1.9% [2][3]. - The decline in traditional infrastructure investment has intensified, with significant drops in various sectors, including transportation and public facilities [4]. Infrastructure Investment - Infrastructure investment (excluding electricity) has decreased by 1.1% year-on-year, with notable declines in transportation and environmental management sectors [4]. - Regional investment disparities are evident, with the eastern region experiencing a 6.6% decline year-on-year [4]. Real Estate Investment - Real estate investment has decreased by 15.9% year-on-year, with construction starts down by 20.5% and completions down by 18.0% [11]. - The report anticipates a slow recovery in real estate investment due to challenges in inventory replenishment and supply chain issues [11]. Investment Recommendations - The report suggests that in 2026, industry investment is expected to stabilize, with emerging sectors likely to benefit from national strategic initiatives [15]. - Specific companies are highlighted for potential investment, including Sichuan Road and Bridge, China Chemical, and others in the new infrastructure and overseas markets [15].

Group 1: Central State-Owned Enterprises (SOEs) Restructuring - China Metallurgical Group is divesting non-core assets worth approximately RMB 606.76 billion to refocus on its core engineering business[8] - The merger between Haiguang Information and Zhongke Shuguang was terminated due to market volatility, maintaining independent operations[14] - Hubei's state-owned assets have acquired around 15 listed companies, with over 50% of these being newly added through mergers in the past five years[16] Group 2: Asset Activation Strategies - The "14th Five-Year Plan" emphasizes asset activation as part of industrial upgrading strategies across various provinces[22] - Sichuan has introduced a three-year action plan to support enterprises in listing and mergers, focusing on a full lifecycle service[26] - Hubei's mergers are strategically aligned with the "51020" modern industrial cluster, targeting sectors like new energy and high-end equipment manufacturing[18] Group 3: Market Performance of Central SOEs - As of December 12, 2025, the total market capitalization of A-share listed central SOEs is RMB 35.1 trillion, accounting for 30.3% of the A-share market[32] - The National New SOE small-cap index has risen by 2.5% over the past two weeks, outperforming the Shanghai and Shenzhen 300 index by 1.3 percentage points[32] - The average price-to-earnings (P/E) ratio for central SOEs is 45.1 times, which is relatively high compared to the overall A-share market[32]

A股又现惊魂时刻！12月9日，央企巨头中国中冶（601618.SH）上演"平地惊雷"，在股价已跌至3元区间、处于两年低位的情况下，开盘直接跳空下杀， 不到半小时就被死死摁在跌停板上，最终报收3.05元，跌幅10.03%，全天成交额暴增至23.94亿元，换手率飙至年内新高4.36%。更惨烈的是其港股 （01618.HK），单日暴跌超20%，收盘价仅1.88港元，百亿市值一天蒸发，让持股的28万投资者猝不及防，股吧里满是"抄底抄在半山腰""低价也能跌 停"的哀嚎。 | 央国中冶 | | | | | | --- | --- | --- | --- | --- | | 601618 融 沪股通 L1 | | | | | | 3.23 3.05 | 島 | 市值⊙ 632.07亿 | 量比 | 3.62 | | 3.05 | (HE | 流通 544.50亿 | 换 | 4.36% | | -0.34 -10.03% 开 3.23 | | 市盈TTM 16.27 | 额 | 23.94亿 | | 港股 1.880-21.01% H/A溢价率 -43.96% 溢价分析 | | | | | | 同花顺 龙虎榜:12-09入 ...

地址為 （股東名冊上的地址）， 為持有公司股本中每股面值人民幣1.00元的A股╱H股 （附註4） 共 股 （附註3） 的登記持有人， 現謹通知公司本人╱吾等將出席或委託一名或多名代表代表本人╱吾等出席公司於2025年12月29日（星期一）下午二 時正在中華人民共和國北京市朝陽區北三環東路2號北京維景國際大酒店舉行的2025年第一次臨時股東會。 日期：2025年 月 日 簽署 （附註5） ： 擬於2025年12月29日舉行的2025年第一次臨時股東會的回條 （附註1） 致：中國冶金科工股份有限公司（「* 公司」） 本人╱吾等 （附註2） 香港灣仔 皇后大道東183號 合和中心17M樓 電話：(852) 2862 8555 傳真：(852) 2865 0990 * 僅供識別 1. 此回條在填妥及交回後僅為提供資訊之用。 2. 請用正楷填上股東名冊上所示的全名及地址。 3. 請填上以 閣下名義登記的股份數目。倘未填入股份數目，則本回條將被視為與以 閣下名義登記的所有股份有關。 4. 請刪去與本回條無關的股份類別（A股或H股）。 5. 請填妥及簽署本回條，並於2025年12月28日（星期日）或之前以專人送遞、郵寄或傳 ...