China State Construction Engineering (601668) H1 2025 Earnings Call August 28, 2025 08:00 PM ET Speaker0Okay. ...

Overview - The report provides insights into the performance of various companies across different industries, highlighting key financial metrics and growth prospects for the first half of 2025 [1][2]. Key Insights - The coal industry shows signs of recovery with companies like 潞安环能 and 山煤国际 reporting improved performance in Q2 2025, driven by increased production and cost optimization [34][40]. - The electric equipment sector is witnessing stability in pricing due to the phosphoric iron lithium development initiative, which aims to support sustainable growth in the industry [5]. - The construction and decoration industry, represented by companies like 中国建筑 and 矩阵股份, is experiencing accelerated growth in Q2 2025, with improved cash flow and profitability [10][14]. - The agricultural sector, particularly 温氏股份, is seeing a rebound in chicken prices, which is expected to enhance profitability in the latter half of 2025 [12]. - The media and entertainment industry, with companies like 风语筑 and 荣信文化, is leveraging AI and digital transformation to enhance revenue streams and improve financial performance [18][27]. Company Summaries Coal Industry - 潞安环能 reported a Q2 2025 revenue of 71.01 billion yuan, a decrease of 21.05% year-on-year, but with a significant improvement in production and cost management [34]. - 山煤国际's Q2 2025 revenue was 51.58 billion yuan, down 33.03% year-on-year, but the company is optimistic about recovery due to rising coal prices in the second half of the year [40]. Electric Equipment - The phosphoric iron lithium initiative aims to stabilize prices and improve profitability for companies in the sector, with a focus on sustainable development [5]. Construction and Decoration - 中国建筑 achieved a Q2 2025 net profit of 466 billion yuan, reflecting a 1% increase year-on-year, supported by improved cash flow and reduced impairment losses [10]. - 矩阵股份 reported a significant increase in net profit, with a 103% growth in non-recurring profit, driven by enhanced asset quality and cash flow [14]. Agriculture - 温氏股份 sold 1,793.19 million pigs in H1 2025, a 25% increase year-on-year, with a notable drop in costs leading to improved profitability [12]. Media and Entertainment - 风语筑's H1 2025 revenue grew by 33.97% to 7.75 billion yuan, marking a turnaround to profitability, while 荣信文化 is focusing on AI-driven marketing strategies to enhance growth [18][27]. Financial Projections - The report includes projections for various companies, indicating expected growth in net profits for 2025-2027 across multiple sectors, with specific figures provided for companies like 海尔智家 and 龙净环保 [28][30].

Financial Performance - The company's profit attributable to owners increased by 5.1% to RMB 526 billion [13] - Net profit margin increased by 04 percentage points to 93% [13] - Basic earnings per share increased 21% to RMB 10143 cents [95] - The company's dividend per share increased by 30% to HK$ 340 cents [13, 95] - The dividend payout ratio increased by 07 percentage points to 311% [13, 95] - Bank balances and cash increased by 161% to RMB 3320 billion [13] - Net gearing ratio decreased by 84 percentage points to 652% [13, 100] Business Growth and Strategy - New orders value for 2025 H1 increased by 228% year-on-year, excluding a specific project from 2024 [18, 19] - Revenue from technology-driven contracts increased by 736% year-on-year [21, 22] - The company is targeting technology-driven contracts to reach nearly 50% share [17, 90] Regional Performance - Revenue in Hong Kong & Macau increased by 163% [37] - Gross profit in Hong Kong & Macau decreased by 143% [37] - Revenue in Chinese Mainland decreased by 88% [47] - Gross profit margin in Chinese Mainland increased by 25 percentage points [47, 49] Financial Strategy - Average financing cost decreased by 039 percentage points to 315% [30] - The company aims to turn "Balance" Net Cash Flow positive before 2030 [90]

每经头条（nbdtoutiao）——申请超2万份，已开出41家，加盟海底捞，你要准备多少钱？1000万元不算 多，真实"账单"公布 （记者 张喜威） 每经AI快讯，中国建筑（SH 601668，收盘价：5.56元）8月29日发布公告称，公司第四届第二十次董事 会会议于2025年8月28日在北京中建财富国际中心3908会议室召开。会议审议了《关于中国建筑股份有 限公司2025年上半年内部审计工作报告的议案》等文件。 2024年1至12月份，中国建筑的营业收入构成为：房屋建筑工程占比60.43%，基础设施建设与投资占比 25.19%，房地产开发与投资占比14.0%，其他行业占比1.55%，设计勘察占比0.49%。 ...

Core Viewpoint - The news highlights various companies' financial performances, stock movements, and strategic decisions, indicating a mixed outlook across different sectors. Performance Summary - Anta Sports clarified it is not a potential acquirer of Canada Goose Holdings [3] - Lianyi Intelligent Manufacturing reported normal operations with no undisclosed significant matters [3] - Huon Electric's robot business is still in the R&D phase and has not generated revenue [3] - Tianfu Communication and Longyang Electronics both reported normal operations with no undisclosed significant matters [3] - Cambrian Technology expects annual revenue of 5 billion to 7 billion yuan in 2025 [3] - CITIC Securities reported a net profit of 13.719 billion yuan for the first half, up 29.8% year-on-year [3] - SMIC's net profit for the first half was 321 million USD, a 35.6% increase year-on-year [3] - Zhongwei Company reported a net profit of 706 million yuan, up 36.62% year-on-year [3] - Wancheng Group's net profit surged 50358.8% to 472 million yuan in the first half [3] - China Galaxy's net profit increased by 47.86% year-on-year, proposing a dividend of 1.25 yuan per 10 shares [3] - Zhujiang Beer reported a net profit of 612 million yuan, up 22.51% year-on-year [3] - Yili Group's net profit decreased by 4.39% to 7.2 billion yuan [3] - Zhongke Titanium White's net profit fell by 14.83% to 259 million yuan [3] - Huasheng Tiancheng turned a profit with a net profit of 140 million yuan [3] - Li Auto's second-quarter revenue totaled 30.2 billion yuan, down 4.5% year-on-year but up 16.7% quarter-on-quarter [3] - Bull Group's net profit decreased by 8% to 2.06 billion yuan [3] - Nanshan Aluminum reported a net profit of 2.625 billion yuan, proposing a dividend of 0.4 yuan per 10 shares [3] - Shuijingfang's net profit fell by 56.52% to 105 million yuan [3] - Huaneng International's net profit increased by 13.15% to 3.904 billion yuan [3] - SAIC Group's net profit decreased by 9.21% to 6.018 billion yuan [3] - SF Holding's net profit increased by 19.4% year-on-year, proposing a dividend of 4.6 yuan per 10 shares [3] - Zhongke Shuguang's net profit increased by 29.39% to 729 million yuan [3] - Shanxi Fenjiu's net profit increased by 1.13% to 8.505 billion yuan [3] - Haier Smart Home reported a net profit of 12.033 billion yuan, proposing a dividend of 2.69 yuan per 10 shares [3] - China State Construction's net profit increased by 3.2% to 30.404 billion yuan [3] - CITIC Construction Investment's net profit was 4.509 billion yuan, proposing a dividend of 1.65 yuan per 10 shares [3] - New China Life Insurance's net profit increased by 33.5% to 14.799 billion yuan [3] - China Southern Airlines reported a loss of 1.533 billion yuan in the first half [3] - Sanhuan Group's net profit increased by 20.63% to 1.237 billion yuan [3] - Yingshi Innovation's net profit increased by 0.25% to 520 million yuan [3] - ZTE's net profit decreased by 11.77% to 5.058 billion yuan [3] - Changxin Bochuang's net profit surged 1121.21% to 168 million yuan [3] Buyback and Shareholding Changes - Spring Airlines plans to repurchase shares worth 300 million to 500 million yuan [4] - Shenzhen Ruijie plans to repurchase 500,000 to 600,000 shares [4] - Haotong Technology's actual controller plans to reduce holdings by up to 3% [4] - Aojie Technology's shareholder Alibaba Network plans to reduce holdings by up to 3% [4] - Chunzong Technology's chairman plans to reduce holdings by up to 2.053% [4] - Zhejiang Shibao's controlling shareholder plans to reduce holdings by up to 2% [4] Contracts and Major Investments - Zhongding Co. signed a strategic cooperation agreement with the Baohe District government for the robotics industry [4] - Tongda Co. is pre-awarded a 122 million yuan procurement project by the State Grid [4] - Runjian Co. won a 392 million yuan project for green power supply in Ulanqab, Inner Mongolia [4] - Dash Intelligent signed a smart project contract for Hualun Century Plaza [4] - Huakang Clean signed a pre-award for a 136 million yuan medical purification project [4] - Shunyu Co. plans to establish a smart water management subsidiary [4] - Guanzhong Ecology plans to invest in a seedling breeding base in Kyrgyzstan [4] Mergers and Acquisitions - Beixin Building Materials intends to acquire 100% equity of an overseas building materials company [4] - Chip Origin plans to purchase equity in Chip Lai Zhirong, with stock suspension starting tomorrow [4] - Kaifa Electric plans to acquire 80% equity of Ouli Power Network for 52 million yuan [4] Other Developments - Jinghe Integration plans to issue H-shares and list on the Hong Kong Stock Exchange [4] - Huahai Qingke plans to issue H-shares and list on the main board of the Hong Kong Stock Exchange [4] - Fuhanwei plans to issue H-shares and list on the Hong Kong Stock Exchange [4]

格隆汇8月28日丨中国建筑(601668.SH)披露半年报，公司上半年实现营业收入1.11万亿元，同比下降 3.20%；归属于上市公司股东的净利润304亿元，同比增长3.20%；基本每股收益0.73元/股。 ...

中国建筑在报告重指出，期内，公司发布中国建筑"好房子"营造体系，构建一套完整的住宅品质提升系 统解决方案，在38个项目启动实践。公司旗下中海地产权益销售额位居行业前列，中建东孚、中建壹 品、中建智地、中建信和等品牌保持中国房地产企业销售业绩排名百强。中海深圳湾玖序、中海北京万 吉玖序、北京中建宸园、上海中建山水雅境、深圳鹏宸云筑等一批优质楼盘逆势热销。公司上半年新购 置土地47宗，期末土地储备7,488万平方米，新增土地储备520万平方米，总购地金额858亿元。新增土 地储备全部位于一线、二线及省会城市，土地储备结构进一步优化。其中：中海地产新购置土地17宗， 新增土地储备258万平方米，购地金额404亿元；中建地产新购置土地30宗，新增土地储备262万平方 米，购地金额454亿元。报告期内，公司实现房地产项目新开工面积445万平方米，同比下降16.2%；竣 工面积666万平方米，同比增长74.3%；在建面积5,045万平方米，同比下降12.7% 报告期内，公司在京津冀、长三角、粤港澳大湾区、长江经济带、黄河流域等重点区域新签合同额占比 为79.3%、完成投资额占比为88.7%。 报告期内，公司房建业务新签合 ...

证券代码：601668 证券简称：中国建筑 公告编号：临 2025-052 关于 2025 年半年度计提资产减值准备的公告 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）于 2025 年 8 月 28 日召开的第四 届董事会第二十次会议和第四届监事会第九次会议审议通过了《关于中国建筑 股份有限公司 2025 年半年度计提减值准备的议案》。现将具体情况公告如下： 一、本次计提资产减值准备的概况 为客观、真实、公允地反映公司的资产价值、财务状况和经营成果，根据《企 业会计准则》及公司会计政策等相关规定，基于谨慎性原则，公司对截至 2025 年 6 月 30 日合并财务报表范围内的各类资产进行了全面清查和减值测试，根据 测试结果对相关资产计提了减值准备，并经年审会计师事务所复核确认。2025 年 1-6 月，公司计提减值准备合计 76.1 亿元，具体计提减值准备情况如下： 1.应收账款等金融资产减值准备计提情况 公司对应收账款、其他应收款、长期应收款、债权投资等金融资产采用预期 信用损失方法计提 ...

中国建筑股份有限公司关于对中建财务有限 公司2025年上半年风险持续评估报告 根据《上海证券交易所上市公司自律监管指引第5号——交 易与关联交易（2025年3月修订）》第十五条规定，中国建筑股 份有限公司（以下简称股份公司）应对所控股的中建财务有限公 司（以下简称中建财务公司）进行风险持续评估，并定期出具风 险持续评估报告，随半年报、年报同步披露。股份公司通过查验 中建财务公司《金融许可证》《营业执照》等证件，审阅定期财 务报告及运营过程性资料，对中建财务公司截至2025年6月30日 的风险状况进行了评估，现将风险评估情况报告如下。 一、中建财务公司基本信息、经营范围与组织架构 （一）基本信息 中建财务公司经原中国银行业监督管理委员会批准成立，注 册资本150亿元，股东为中国建筑集团有限公司（以下简称中建 集团）（持股20%）、股份公司（持股80%）。 注册地址：北京市朝阳区安定路5号院3号楼20层 法定代表人：刘宇彤 金融许可证机构编码：L0117H211000001 统一社会信用代码：91110000100018144H （二）经营范围 1 / 9 根据《企业集团财务公司管理办法》，中建财务公司的经营 范 ...

第四届监事会第九次会议决议公告 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）第四届监事会第九次会议（以下简称会 议）于 2025 年 8 月 28 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 年董事会半年度工作报告的议 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 年董事会半年度工 作报告的议案》。 证券代码：601668 证券简称：中国建筑 公告编号：临 2025-051 表决结果：5 票同意、0 票反对、0 票弃权。 四、审议通过《关于中国建筑股份有限公司 2025 年半年度计提减值准备的议案》 公司本次计提减值准备的决策程序合法、依据充分，计提符合《企业会计准则》 和公司会计政策等相关规定，计提后的财务报表公 ...