2025 年 1-12 月经营情况简报 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。 现将本公司 2025 年 1-12 月主要经营情况公布如下，供各位投资者参阅。 证券代码：601668 证券简称：中国建筑 公告编号：临 2026-001 | | 项 | 目 | | 数 额 | | 比上年同期增长 | | --- | --- | --- | --- | --- | --- | --- | | | 二、地产业务情况 | | | | | | | 1. | 合约销售额（亿元 | RMB） | | 3,948 | | -6.4% | | 2. | 合约销售面积（万 | m 2） | | 1,509 | | 3.3% | | 3. | 期末土地储备（万 | m 2） | | | 6,900 | | | 4. | 新购置土地储备（万 | m | 2） | | 928 | | 注：由于存在各种不确定性，上述经营指标和数据与定期报告披露的数据可能 存在差异，因此相关数据为阶段性数据，仅供参考。 中国建筑股份有限公司董事会 二〇二六年一月十 ...

人民财讯1月15日电，中国建筑(601668)1月15日公告，2025年1—12月新签合同总额45458亿元，同比增 长1%。 ...

Core Viewpoint - The company reported a total new contract value of 45,458 billion yuan for the year 2025, reflecting a year-on-year growth of 1.0% [1] Group 1: Contract Performance - The new contract value for the construction business reached 41,510 billion yuan, with a year-on-year increase of 1.7% [1] - The breakdown of new contracts includes 26,654 billion yuan for housing construction, 14,728 billion yuan for infrastructure, and 128 million yuan for surveying and design, with year-on-year changes of 0.5%, 4.1%, and -10.0% respectively [1] - Domestic and overseas business contracts amounted to 39,253 billion yuan and 2,257 billion yuan, showing year-on-year growth of 1.4% and 6.9% respectively [1] Group 2: Real Estate Business - The contract sales in the real estate sector totaled 3,948 billion yuan, indicating a year-on-year decline of 6.4% [1] - The contracted sales area was 15.09 million square meters, which represents a year-on-year increase of 3.3% [1]

Group 1 - The global interest rate cut cycle is entering its second half in 2026, characterized by "internal and external easing resonance" and a shift from "extraordinary to normal" [3][4][5] - The macro liquidity environment remains favorable, with the People's Bank of China expected to maintain a moderately loose monetary policy, focusing on stabilizing economic growth and reasonable price recovery [7][59] - The depreciation of the US dollar is anticipated due to continued interest rate cuts by the Federal Reserve and worsening fiscal conditions, which will support the appreciation of the RMB and strengthen the A-share market [8][62][63] Group 2 - The long-term low interest rate environment is reshaping the stock-bond allocation logic, with a shift towards equity markets as the attractiveness of fixed income products continues to rise [13][16][44] - The "stock-bond seesaw" effect is expected to further support the A-share market, as funds flow into equities amid a low interest rate environment [14][17][44] - The demand for "deposit migration" from residents is projected to become the largest marginal increment for the market, as a significant amount of fixed-term deposits mature in 2026 [19][20][44] Group 3 - The capital market's status is significantly upgraded in the post-real estate era, becoming a core hub for economic development and resource allocation [22][47] - Policies are being implemented to enhance shareholder returns, with a focus on increasing dividend payouts and improving profit quality, which is becoming a trend in the market [32][33][56] - The overall funding ecology is improving, with a transition from a "financing-oriented" approach to a "balanced investment and financing" model, enhancing market attractiveness and stability [32][47][56]

证券之星消息，1月13日房屋建设板块较上一交易日上涨0.66%，上海建工领涨。当日上证指数报收于 4138.76，下跌0.64%。深证成指报收于14169.4，下跌1.37%。房屋建设板块个股涨跌见下表： | 代码 | 名称 | 主力净流入 (元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600170 上海建工 | | 6.03亿 . | 21.14% | -2.35 Z | -8.25% | -3.68 Z | -12.90% | | 601668 中国建筑 | | 3481.18万 | 3.02% | -2561.25万 | -2.22% | -919.93万 | -0.80% | | 002761 浙江建投 | | 538.92万 | 4.29% | -82.76万 | -0.66% | -456.16万 | -3.64% | | 600248 陕建股份 | | 3.40万 | 0.04% | 299.95万 | 3.23% | -303.3 ...

Core Viewpoint - The "2025 China Enterprise ESG Top 100" list released by Sina Finance highlights the importance of ESG (Environmental, Social, and Governance) as a core measure of high-quality corporate development and a key link between corporate value and social value in the context of global sustainable development [1][2]. Group 1: ESG Services and Ratings - Sina Finance ESG Rating Center offers 14 ESG services, including information, reports, training, and consulting, to help listed companies communicate ESG concepts and enhance their sustainable development performance [1]. - The "2025 China Enterprise ESG Top 100" list evaluates over 5,000 A-share listed companies and mainland enterprises listed in Hong Kong using 18 industry ESG evaluation models and over 150 ESG indicators, providing a comprehensive and objective assessment of corporate ESG performance [1]. Group 2: Industry Recognition and Impact - China State Construction has been recognized for its outstanding ESG performance, ranking 66th on the "2025 China Enterprise ESG Top 100" list, which serves as authoritative recognition of the sustainable development practices of listed companies [2]. - The release of the list emphasizes that ESG is no longer an optional "add-on" but an essential "core course" for companies, urging more enterprises to integrate ESG principles into their strategic planning and operations [2]. Group 3: Top Companies in ESG - The top five companies in the "2025 China Enterprise ESG Top 100" list include: 1. China Construction Bank (★★★★★, Finance) 2. China Mobile (★★★★★, Telecommunications) 3. Agricultural Bank of China (★★★★★, Finance) 4. Tencent Holdings (★★★★★, Information Technology) 5. Bank of China (★★★★★, Finance) [4][5].

国家知识产权局信息显示，中国建筑第二工程局有限公司;中建电力工程（深圳）有限公司申请一项名 为"管廊连接密封性的检测方法"的专利，公开号CN121298129A，申请日期为2025年10月。 专利摘要显示，本发明公开了一种管廊连接密封性的检测方法，涉及管廊密封检测技术领域，其中，所 述检测方法包括：封堵所述出水口，并通过所述进水口往所述接缝内注水，以将所述接缝加压至第一预 设压强；等待第一预设时间并监测所述接缝内的压强的下降速度是否超过预设速度；若所述接缝内的压 强的下降速度未超过所述预设速度，则开启所述出水口，并通过所述进水口向所述接缝内注水直至水从 所述出水口流出；封堵所述出水口，并通过向所述进水口注入水以将所述接缝加压至第二预设压强；监 测所述接缝是否出现渗漏。本发明提供的管廊连接密封性的检测方法可以完成对管廊的接缝密封性的检 测，并且可以较为快速地定位接缝的渗漏位置。 天眼查资料显示，中国建筑第二工程局有限公司，成立于1980年，位于北京市，是一家以从事房屋建筑 业为主的企业。企业注册资本1000000万人民币。通过天眼查大数据分析，中国建筑第二工程局有限公 司共对外投资了149家企业，参与招投标项目 ...

Core Viewpoint - China State Construction Engineering Corporation's Eighth Engineering Bureau (CSCEC Eighth Bureau) and its subsidiary, CSCEC Eighth Bureau Southern Construction Co., have been issued a red warning for three months due to a fatal accident on site, which resulted in one death [1][3]. Group 1: Warning Details - The red warning period is set from January 2, 2026, to April 1, 2026 [1][3]. - The warning applies to multiple responsible parties, including individuals and the companies involved, all linked to the same incident [3]. Group 2: Consequences of the Warning - Entities under red warning will be classified at the lowest credit level and included in the city's joint punishment system for dishonesty during the warning period [3][4]. - After the warning period, these entities will not be eligible for promotion to the highest credit level for one year [3]. Group 3: Regulatory Measures - The relevant authorities will prohibit red warning entities from undertaking new business and bidding within the city [4]. - In the event of a safety accident resulting in death, the responsible department will order the suspension of the involved project and enhance safety inspections on other ongoing projects by the same construction unit [4]. Group 4: Company Background - CSCEC Eighth Bureau was established in 1952 and is a key member of the Fortune Global 500 company, China State Construction Engineering Corporation [4]. - The company focuses on large-scale construction and infrastructure projects and is a leading state-owned enterprise in the domestic construction sector, with operations covering both national and international markets [4].

Core Viewpoint - The Australian construction industry is under structural transformation pressure due to ongoing housing supply shortages and high construction costs, leading to increased interest in prefabricated construction methods, which are seen as a potential solution to improve efficiency and reduce costs [1][4]. Group 1: Housing Supply and Demand - The Australian housing market is experiencing structural recovery signs due to long-term supply shortages, with an estimated 177,000 new homes expected to be completed in 2024 against a demand of 223,000 homes, resulting in a projected shortfall of 262,000 homes [2]. - The National Housing Supply and Affordability Council anticipates that only 938,000 new homes will be built from July 2024 to June 2029, falling short of the target of 1.2 million homes [2]. Group 2: Construction Costs and Challenges - Residential construction costs in Australia have risen by approximately 2.5% year-on-year, marking the lowest increase in over a decade, yet the cumulative increase since the COVID-19 pandemic exceeds 30%, impacting project cash flow and feasibility [2][3]. - Key challenges in the Australian housing supply include rising labor costs, low on-site construction efficiency, and unstable material supply, compounded by a shortage of skilled labor [3]. Group 3: Prefabricated Construction as a Solution - Prefabricated construction is viewed as a viable option to alleviate housing supply pressures, with modular construction potentially reducing overall costs by about 20% and shortening construction timelines [4]. - The Australian government is promoting prefabricated and modular housing as advanced construction methods that could significantly enhance housing supply, indicating a shift in policy discussions [4]. Group 4: Chinese Enterprises in the Market - Several Chinese enterprises are accelerating their entry into the Australian prefabricated construction market, focusing on modular and panelized construction methods [5][6]. - China State Construction Engineering Corporation is adapting its products to meet Australian standards, emphasizing compliance and certification processes as critical for market entry [5]. Group 5: Challenges in Adoption of New Technologies - Despite increasing demand for prefabricated construction, the Australian market is characterized by high regulatory standards and complex certification processes, which can hinder the entry of new technologies [6][8]. - There is a need for Chinese companies to understand local regulations and avoid simply replicating domestic practices, as the Australian construction industry has a strong inertia towards traditional methods [7][9].

| 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600170 上海建工 | | 2992.53万 | 5.24% | -1814.71万 | -3.18% | -1177.82万 | -2.06% | | 600939 重庆建工 | | 20.33万 | 0.25% | -168.76万 | -2.07% | 148.43万 | 1.82% | | 601789 宁波建工 | | -101.46万 | -0.29% | -302.99万 | -0.86% | - 404.46万 | 1.15% | | 600248 陕建股份 | | -180.88万 | -2.36% | -212.59万 | -2.77% | 393.47万 | 5.13% | | 600491 龙元建设 | | -193.59万 | -1.35% | 580.22万 | 4.05% | -386.63万 | -2.70% | | 601668 ...