Group 1 - The chairman of the board, Wang Xiaoguang, increased his stake in China State Construction International Holdings Limited (00830) by purchasing 50,000 shares at a price of HKD 1.48 per share, totaling HKD 74,000 [1] - After the purchase, the total number of shares held by Wang Xiaoguang is 5.18 million, representing a holding percentage of 0.23% [1]

Group 1 - The chairman of the board, Wang Xiaoguang, increased his stake in China State Construction International Holdings Limited (00830) by purchasing 50,000 shares at a price of HKD 1.48 per share, totaling HKD 74,000 [1] - After the purchase, the total number of shares held by Wang Xiaoguang is now 5.18 million, representing a holding percentage of 0.23% [1]

人民财讯8月25日电，企查查APP显示，近日，甘肃中建基础设施建设发展有限公司成立，法定代表人 为殷鹏，注册资本3亿元，经营范围含建设工程施工、公路管理与养护、道路货物运输等。企查查股权 穿透显示，该公司由中国建筑等共同持股。 转自：证券时报 ...

Group 1 - The core viewpoint of the articles highlights the financial performance and market activity of China State Construction Engineering Corporation (CSCEC) as of August 25, 2025, with a closing price of 5.72 yuan, reflecting a 2.14% increase [1] - CSCEC reported total operating revenue of 555.34 billion yuan for Q1 2025, a year-on-year increase of 1.10%, and a net profit attributable to shareholders of 15.01 billion yuan, up 0.61% year-on-year [1] - The company has a current ratio of 1.313, a quick ratio of 0.861, and a debt-to-asset ratio of 75.67% [1] Group 2 - CSCEC has made investments in 202 enterprises and participated in 5,000 bidding projects [2] - The company holds 1,391 trademark registrations and 1,653 patents, along with 344 administrative licenses [2]

Group 1 - China State Construction International (03311) announced that unclaimed final dividends for the year 2018 and interim dividends for the year 2019 will be forfeited and returned to the company on September 8, 2025 [1]

Market Performance - The housing construction sector increased by 1.81% on August 25, with Longyuan Construction leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Stock Performance - Longyuan Construction (600491) closed at 3.79, up 4.99% with a trading volume of 1.007 million shares and a transaction value of 3.77 billion [1] - China State Construction (601668) closed at 5.72, up 2.14% with a trading volume of 3.6033 million shares and a transaction value of 20.49 billion [1] - Shanghai Construction (600170) closed at 2.49, up 1.63% with a trading volume of 3.2221 million shares and a transaction value of 800 million [1] - Other notable stocks include Chongqing Construction (600939) at 3.68, up 1.10%, and Ningbo Construction (601789) at 5.59, up 0.90% [1] Capital Flow - The housing construction sector experienced a net outflow of 65.489 million from institutional investors and 88.5866 million from speculative funds, while retail investors saw a net inflow of 154 million [1] - Longyuan Construction had a net inflow of 44.4392 million from institutional investors, but a net outflow of 14.0409 million from speculative funds [2] - China State Construction had a net inflow of 17.3696 million from institutional investors, with a significant net outflow of 88.4449 million from speculative funds [2]

Core Viewpoint - China State Construction International (03311) announced that unclaimed dividends from the 2018 final and 2019 interim periods will be forfeited and returned to the company on September 8, 2025 [1] Summary by Relevant Sections - **Company Announcement** - The company has issued a notice regarding the unclaimed dividends from the 2018 and 2019 fiscal years [1]

Summary of Key Points Core Viewpoint - China State Construction International (03311.HK) announced that unclaimed dividends will be forfeited and returned to the company on September 8, 2025 [1] Dividend Details - The following unclaimed dividends are subject to forfeiture: - 2018 Final Dividend: Declared on March 22, 2019, at HKD 0.12 per share [1] - 2019 Interim Dividend: Declared on August 23, 2019, at HKD 0.16 per share [1]

Group 1 - The Shanghai Composite Index opened high and rose, with the Shanghai 180 Infrastructure Index increasing by 1.19% to 1889.98 points and a trading volume of 39.504 billion yuan [1] - The Shanghai 180 Infrastructure Index has seen a decline of 2.53% over the past month, 1.62% over the past three months, and 3.00% year-to-date [2] - The index is based on the Shanghai 180 Index and includes listed companies in infrastructure, resources, and transportation themes, reflecting their overall performance in the secondary market [2] Group 2 - The top ten weighted stocks in the Shanghai 180 Infrastructure Index include: Yangtze Power (13.97%), China Telecom (8.57%), China State Construction (8.4%), China Mobile (7.18%), China Unicom (6.69%), China Nuclear Power (5.47%), Three Gorges Energy (4.45%), China Railway (4.31%), China Power Construction (3.9%), and Guodian Power (3.1%) [2] - The index's holdings are entirely from the Shanghai Stock Exchange, with the public utility sector accounting for 40.05%, industrial sector for 36.17%, and communication services for 23.79% [3] - The index samples are adjusted semi-annually, with adjustments occurring on the next trading day after the second Friday of June and December each year [3]

Investment Rating - The report maintains a "Buy" rating for key companies in the construction and decoration industry, particularly focusing on state-owned enterprises such as China Communications Construction Company (CCCC), China State Construction Engineering Corporation, and others [1][7][8]. Core Insights - The recent issuance of opinions on existing PPP projects clarifies responsibilities and ensures funding sources for ongoing projects, which is expected to accelerate revenue recognition for construction companies [2][7]. - The report emphasizes the strategic importance of Xinjiang, predicting increased central government support and policy incentives due to upcoming significant events, including the 70th anniversary of the Xinjiang Uyghur Autonomous Region [3][21]. - The construction sector is projected to benefit from the acceleration of large-scale infrastructure projects in Xinjiang, particularly in transportation and coal chemical industries, with significant investments expected in the coming years [6][21]. Summary by Sections Industry Investment Rating - The report highlights a "Buy" rating for major construction state-owned enterprises, including CCCC, China State Construction, China Metallurgical Group, and others, indicating strong potential for recovery and growth in their financial performance [1][7][8]. Key Developments - The issuance of guidelines for existing PPP projects aims to ensure smooth project execution and financial support, which is expected to enhance the financial health of construction companies [2][6]. - The report notes that as of the end of 2022, the total value of PPP projects in execution reached approximately 13.83 trillion yuan, with 9.95 trillion yuan expected to enter the operational phase [2][19]. Focus on Xinjiang - The report underscores the importance of Xinjiang's strategic position and the anticipated central government support, particularly in infrastructure and coal chemical projects, with projected investments exceeding 800 billion yuan [3][21]. - It identifies key beneficiaries in the Xinjiang region, including local construction leaders and coal chemical EPC companies, which are expected to see significant growth due to ongoing and upcoming projects [6][21]. Investment Recommendations - The report recommends focusing on construction companies with strong PPP project portfolios and those positioned to benefit from Xinjiang's infrastructure development, including CCCC, China State Construction, and others [7][18]. - It also highlights the potential of coal chemical EPC leaders such as China Chemical Engineering and Donghua Technology, which are expected to benefit from accelerated project timelines [21][26].