中国建筑股份有限公司关于"提质增效重回报"行动方案 执行情况的评估报告 为进一步提高发展质量，增强回报投资者能力，中国建筑股 份有限公司（简称"公司"）积极响应上海证券交易所《关于开 展沪市公司"提质增效重回报"专项行动的倡议》，制定并实施 了 2024-2025 年度"提质增效重回报"行动方案。现将 2025 年 前三季度有关执行情况报告如下。 一、持续提升价值创造能力，回报股东基础不断夯实 公司聚焦主责主业，积极服务国家战略，深耕国家重大战略 区域，高质量参与共建"一带一路"，充分发挥全产业链优势， 持续优化业务结构提供增长新动能，不断加强精细化管理提升效 率效益，推动公司价值创造能力保持增长。 公司始终履行为股东创造价值、与股东共享发展成果的责任 与义务，高度重视股东分红回报，稳妥处理企业长期发展与股东 短期利益诉求，最终实现股东利益最大化。 公司切实维护全体股东权益，不断提升股东获得感，2024 年度每股派息金额保持稳中有升，达到上市以来最高水平，以实 际行动回馈股东、共享发展成果。公司将持续践行高质量发展要 求，综合考虑公司经营情况、长远战略布局和股东整体利益，2025 年每股派息将保持平稳，为广大 ...

重大项目公告 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。 近期，本公司获得如下重大项目，现予公布供投资者参阅。 | 序号 | 项目获得单位 | 项目名称 | 项目金额 （亿元） | | --- | --- | --- | --- | | 一 | 房屋建筑 | | | | 1 | 中建一局 | 福建厦门高性能锂电池基地建设项目 | 52.0 | | 2 | 中建八局 | 陕西西安夏中心项目及夏中心二期项目 | 21.5 | | 二 | 基础设施 | | | | 1 | 中建三局 | 四川广元大毛坡脉石英矿产开采运输、矿山修复 项目 | 25.0 | | | | 及矿石加工厂提质升级 EPC | | | 项目金额合计 | | | 98.5 | | 项目金额合计/2024 | | 年度经审计营业收入 | 0.5% | 中国建筑股份有限公司董事会 二〇二五年十月三十日 证券代码：601668 证券简称：中国建筑 公告编号：临 2025-066 1 ...

证券代码：601668 股票简称：中国建筑 编号：临 2025-064 二、审议通过《关于中国建筑股份有限公司 2025 年第三季度报告的议案》 第四届监事会第十次会议决议公告 本公司监事会及全体监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。 中国建筑股份有限公司（以下简称公司）第四届监事会第十次会议（以下简 称会议）于 2025 年 10 月 30 日在北京中建财富国际中心 3815 会议室召开，公司 5 名监事均以现场或视频方式出席了本次会议。本次会议的召开符合《中华人民 共和国公司法》《中国建筑股份有限公司章程》及《中国建筑股份有限公司监事 会议事规则》等规定。会议审议并一致通过如下决议： 一、审议通过《关于中国建筑股份有限公司 2025 年三季度财务分析报告的 议案》 全体监事审议并一致通过《关于中国建筑股份有限公司 2025 年三季度财务 分析报告的议案》。 表决结果：5 票同意、0 票反对、0 票弃权。 中国建筑股份有限公司监事会 二〇二五年十月三十日 2 全体监事审议并一致通过《关于中国建筑股份有限公司 2025 年第三季度报 告 ...

证券代码：601668 证券简称：中国建筑 公告编号：临 2025-063 第四届董事会第二十二次会议决议公告 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。 中国建筑股份有限公司（以下简称公司）第四届董事会第二十二次会议（以 下简称会议）于 2025 年 10 月 30 日在北京中建财富国际中心 3908 会议室召开。 会议由董事长郑学选先生主持，董事单广袖女士、独立董事马王军先生、孙承铭 先生、刘汝臣先生、梁维特先生出席会议。董事兼总裁文兵先生因工作安排无法 出席现场会议，授权委托郑学选先生代为行使表决权。公司部分监事、董事会秘 书等高管列席会议。 本次会议通知于 2025 年 10 月 15 日以邮件方式发出，会议召开符合《中华 人民共和国公司法》《中国建筑股份有限公司章程》及《中国建筑股份有限公司 董事会议事规则》等规定，会议的召开合法有效。公司 7 名董事均参与了投票表 决，并通过决议如下： 一、审议通过《关于中国建筑股份有限公司 2025 年三季度财务分析报告的 议案》 本议案已经审计与风险委员会审议通过，并同意提 ...

Financial Performance - The company's operating revenue for the third quarter was CNY 449,912,446, a decrease of 6.6% compared to the same period last year[7] - The total profit for the quarter was CNY 11,710,798, reflecting a decline of 22.9% year-over-year[7] - Net profit attributable to shareholders was CNY 7,778,049, down 24.1% from the previous year[7] - The basic earnings per share decreased to CNY 0.19, a drop of 24.0% compared to the same quarter last year[7] - The net profit margin for the year-to-date period was 3.0%, reflecting a decrease from the previous year's margin[9] - Total operating revenue for the first three quarters of 2025 was CNY 1,558,219,881, a decrease of 4.18% compared to CNY 1,626,540,973 in the same period of 2024[27] - Net profit attributable to shareholders of the parent company for the first three quarters of 2025 was CNY 38,182,402, down 3.84% from CNY 39,702,451 in 2024[28] - Operating profit for the first three quarters of 2025 was CNY 61,258,178, a decrease of 5.88% from CNY 64,655,887 in 2024[27] - The company reported a total comprehensive income of CNY 50,787,567 for the first three quarters of 2025, compared to CNY 51,321,287 in 2024[28] - Basic earnings per share for the first three quarters of 2025 were CNY 0.92, down from CNY 0.96 in 2024[28] - The company experienced a decrease in total operating costs to CNY 1,491,996,539 in 2025 from CNY 1,556,382,239 in 2024, reflecting a reduction of 4.16%[27] - Net profit for the first three quarters of 2025 was CNY 10,778,290, down 30.0% from CNY 15,469,334 in the first three quarters of 2024[37] Assets and Liabilities - The company's total assets increased by 7.0% year-over-year, reaching CNY 3,412,521,637[7] - The company’s total assets increased to 3,412.52 billion RMB as of September 30, 2025, compared to 3,189.26 billion RMB at the end of 2024[24] - The company’s non-current liabilities totaled 678.16 billion RMB, an increase from 656.26 billion RMB in the previous year[24] - The company’s retained earnings reached 409.18 billion RMB as of September 30, 2025, compared to 382.50 billion RMB at the end of 2024[24] - Total liabilities increased to CNY 209,708,385 as of September 30, 2025, compared to CNY 205,151,987 at the end of 2024[35] - Current assets totaled CNY 99,736,403 as of September 30, 2025, up from CNY 97,545,774 at the end of 2024[34] - The total equity of the company was CNY 152,319,038 as of September 30, 2025, slightly down from CNY 152,910,331 at the end of 2024[35] Cash Flow - The net cash flow from operating activities was CNY 13,351,612, significantly lower than CNY 31,759,855 in the same period last year[7] - The net cash flow from operating activities for the first three quarters of 2025 was -CNY 69,478,983, an improvement from -CNY 77,009,501 in 2024[31] - Cash and cash equivalents at the end of the third quarter of 2025 amounted to CNY 303,969,219, compared to CNY 302,041,720 at the end of the same period in 2024[32] - The company’s cash flow management has improved, with a focus on accelerating cash collection and optimizing existing assets to enhance revenue and profit quality[19] - The company’s investment activities generated a net cash flow of -CNY 12,539,138 in the first three quarters of 2025, slightly improved from -CNY 13,401,017 in 2024[31] - The net cash flow from investing activities was 9,704,602 thousand RMB, an increase of 38.3% from 7,021,468 thousand RMB in the previous year[40] - The net cash flow from financing activities was -9,923,026 thousand RMB, worsening from -7,468,679 thousand RMB in the same period of 2024[42] Contracts and Business Segments - The company signed new contracts worth RMB 3.29 trillion in the first three quarters of 2025, a year-on-year increase of 1.4%[13] - The construction business signed new contracts totaling RMB 3.0383 trillion, an increase of 1.7% year-on-year[14] - The industrial plant segment saw new contracts worth RMB 640.5 billion, a significant increase of 23.0% year-on-year[14] - The energy engineering segment reported new contracts of RMB 441.9 billion, up 31.2% year-on-year[17] - The real estate business recorded contract sales of RMB 255.3 billion, a decrease of 2.0% year-on-year[17] - The company achieved a new contract value of 168.4 billion RMB in overseas business, representing a year-on-year growth of 2.0%, and generated overseas revenue of 91.9 billion RMB, up 8.8% year-on-year[18] Strategic Initiatives - The company emphasized a focus on high-quality clients and projects, which contributed to a slight decline in revenue due to ongoing adjustments in the real estate market[9] - The company’s market strategy focuses on "high-quality customers, high-quality projects, key regions, and key fields" to drive growth[14] - The company is accelerating its strategic transformation by developing urban renewal projects and has published guidelines for urban renewal business, focusing on integrated implementation advantages in key engineering projects[18] - The company has implemented a "116" project management system to enhance project management efficiency and has seen significant progress in key projects such as the Dalian Changhai Bridge and Tianjin Metro Line 7[19] - The company has launched the "Jianzheng" large model 1.0 to promote digital innovation and enhance the quality of industry-level data assets[20] Shareholder Information - The controlling shareholder, China State Construction Group, plans to increase its stake in the company by investing between 600 million RMB and 1.2 billion RMB over the next 12 months[21] Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 23,978,992, slightly down from CNY 24,567,855 in 2024[27] - Research and development expenses were CNY 16,026 for the first three quarters of 2025, significantly lower than CNY 28,974 in the same period of 2024[37] Accounting Standards - The company did not apply new accounting standards for the first time in 2025[43]

Core Insights - The CSI 300 Dividend Low Volatility Index has shown a positive performance, with a rise of 0.74% as of October 30, 2025, and notable increases in constituent stocks such as Huayu Automotive (4.87%) and Baosteel (1.98%) [1][3] Market Performance - The CSI 300 Dividend Low Volatility ETF (515300) increased by 0.75%, with an intraday turnover of 0.68% and a total transaction value of 32.5842 million yuan [3] - Over the past month, the ETF has averaged daily transactions of 150 million yuan, with a current scale of 4.743 billion yuan [3] - In the last ten trading days, there were net inflows on six days, totaling 49.8513 million yuan [3] Historical Returns - The CSI 300 Dividend Low Volatility ETF has seen a net value increase of 60.06% over the past five years, ranking 103 out of 1031 index equity funds, placing it in the top 9.99% [3] - Since its inception, the ETF's highest monthly return was 13.89%, with the longest consecutive monthly gains being five months and a maximum increase of 14.56% [3] - The average return during rising months is 3.57%, and the annualized return over the past six months has exceeded the benchmark by 6.46% [3] Institutional Investment Trends - Insurance funds have accelerated their allocation to dividend stocks in the first half of 2025, with an increase of nearly 320 billion yuan in allocations, surpassing the total for the previous year [4] - Despite rising valuations, the opportunity for concentrated investments in dividend stocks is diminishing, with an estimated under-allocation of 800 billion to 1.6 trillion yuan across the industry [4] - It is suggested to focus on companies with resilient balance sheets and balanced growth [4] Top Holdings - As of September 30, 2025, the top ten weighted stocks in the CSI 300 Dividend Low Volatility Index include China Shenhua, Shuanghui Development, Gree Electric Appliances, Sinopec, Huayu Automotive, Daqin Railway, Midea Group, China State Construction, Baosteel, and China Mobile, collectively accounting for 35.84% of the index [4][6]

Core Viewpoint - The China Building Sanitary Ceramics Association announced the passing of its former president Ding Weidong, who served from May 1997 to December 2008, and later as honorary president until December 2014 [1] Group 1 - Ding Weidong was a member of the Communist Party of China [1] - He passed away on October 29, 2025, at 1:10 AM in Beijing, at the age of 85 [1] - His leadership spanned significant years in the development of the building sanitary ceramics industry in China [1]

Core Insights - The article highlights the rapid advancements in modular construction technology, particularly through the achievements of China State Construction Engineering Corporation (CSCEC) and its subsidiary, China Construction Haolong, in urban renewal and affordable housing projects across major cities in China and Hong Kong [1][2][3] Group 1: Company Overview - China Construction Haolong, established in 1993, has become a benchmark in the prefabricated construction industry, particularly in the Hong Kong and Macau markets, where it holds a leading market share [2][3] - The company has developed a modular integrated construction (MiC) technology that allows for efficient and high-quality building processes, significantly reducing construction time and labor costs [5][6][7] Group 2: Technological Advancements - MiC technology represents a paradigm shift in construction, enabling factory-based production and on-site assembly, akin to assembling Lego blocks, which enhances efficiency and quality control [6][7] - The company has established seven major production bases and 85 intelligent production lines, achieving an annual output capacity of 120,000 modular units, supporting over one million square meters of construction [12][15] Group 3: Market Trends and Opportunities - The demand for MiC technology is driven by three key trends: the need for carbon reduction in the construction industry, the pressure to address labor shortages, and the integration of digital technologies into construction processes [13][14][15] - The company is well-positioned to capitalize on these trends, with its MiC technology reducing carbon emissions by over 66% during construction and significantly lowering waste and energy consumption [13][14] Group 4: Project Examples and Impact - Notable projects include the rapid construction of emergency quarantine facilities in Hong Kong during the COVID-19 pandemic, showcasing the technology's ability to meet urgent public health needs [8][9][10] - The MiC technology has been applied in various sectors, including affordable housing, public services, and urban renewal, demonstrating its versatility and effectiveness in addressing diverse construction challenges [16][17] Group 5: Future Outlook - The company aims to continue expanding its MiC technology applications, contributing to the transformation of the construction industry towards more sustainable and efficient practices [18] - With ongoing investments in research and development, the company is set to lead the way in the evolution of construction methodologies in China and beyond [10][11]

Market Overview - The housing construction sector declined by 0.87% compared to the previous trading day, with high-tech development leading the decline [1] - The Shanghai Composite Index closed at 4016.33, up 0.7%, while the Shenzhen Component Index closed at 13691.38, up 1.95% [1] Stock Performance - Key stocks in the housing construction sector showed mixed performance, with notable declines in several companies: - High-tech development fell by 2.24% to 50.62 [1] - China State Construction decreased by 1.06% to 5.60 [1] - Longyuan Construction dropped by 0.86% to 3.46 [1] - Conversely, Shanghai Construction and Zhejiang Construction saw slight increases of 0.35% and 0.21%, respectively [1] Capital Flow - The housing construction sector experienced a net outflow of 147 million yuan from main funds, while retail investors contributed a net inflow of 121 million yuan [1] - The detailed capital flow for key stocks indicates significant outflows from: - High-tech development with a net outflow of 75.28 million yuan [2] - China State Construction with a net outflow of 29.23 million yuan [2] - Retail investors showed a positive net inflow in several stocks, including Zhejiang Construction and Longyuan Construction, despite overall sector outflows [2]

Core Points - The company will hold a performance briefing for the third quarter of 2025 on November 4, 2025, from 15:00 to 16:00 [2][4] - The briefing will be conducted in an interactive online format, allowing investors to engage and ask questions [3][6] - Key company executives, including the president, independent directors, CFO, and relevant department heads, will participate in the meeting [4] Summary by Sections Meeting Details - The performance briefing is scheduled for November 4, 2025, from 15:00 to 16:00 [2][4] - It will take place at the Shanghai Stock Exchange Roadshow Center [4] Participation Information - Investors can submit questions before the meeting via the Shanghai Stock Exchange Roadshow Center or the company's investor email [6] - The company will address commonly asked questions during the briefing [3][6] Contact Information - For inquiries, investors can contact the company via phone at 010-86498888 or email at ir@cscec.com [7]