二、本次收到征迁补偿款情况 近日，建工集团收到上述涉及土地房产征迁补偿款 118,477,094 元。 1 证券代码：601789 证券简称：宁波建工 公告编号：2026-013 宁波建工股份有限公司 关于公司全资子公司签订非住宅房屋收购货币补偿协议进展的公告 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个 别及连带责任。 一、涉及非住宅房屋征收情况 根据宁波市鄞州区总体建设规划要求，宁波建工股份有限公司（以 下简称"宁波建工"、"公司"）全资子公司宁波建工工程集团有限公司（以 下简称"建工集团"）所拥有的宁波市鄞州区宁穿路 538 号土地房产涉及 征迁收购。房屋征收部门宁波市鄞州区房屋拆迁服务中心、征收实施单 位宁波市鄞州区东柳街道拆迁办公室与建工集团于 2023 年 8 月签订了 《非住宅房屋收购货币补偿协议》，根据政策及约定对建工集团拥有的宁 穿路 538 号房产的征收事项进行补偿。 根据资产评估情况及相关征收政策核定，本次被征收涉及的房屋、 土地、装修、货币补偿补助、一次性搬迁和临时安置费、停产停业补偿 费、重大设施搬迁损失补 ...

- The report focuses on tracking large buy orders and net active buy orders using transaction detail data[1][2] - Two key indicators are used: the proportion of large buy order transaction amounts and the proportion of net active buy order amounts[7] - The proportion of large buy order transaction amounts reflects the buying behavior of large funds[7] - The proportion of net active buy order amounts reflects investors' active buying behavior[7] - The report provides rankings for stocks, industries, and ETFs based on these indicators over the past 5 trading days (20260309-20260313)[4][6] Quantitative Models and Construction Methods 1. **Model Name**: Large Buy Order Transaction Amount Proportion - **Construction Idea**: To track the buying behavior of large funds[7] - **Construction Process**: - Restore transaction data to buy and sell order data using the buy and sell sequence numbers in the transaction detail data - Filter out large orders based on transaction volume - Calculate the proportion of large buy order transaction amounts to the total transaction amount of the day[7] - **Evaluation**: This indicator effectively captures the buying behavior of large funds[7] 2. **Model Name**: Net Active Buy Order Amount Proportion - **Construction Idea**: To track investors' active buying behavior[7] - **Construction Process**: - Identify each transaction as either an active buy or an active sell using the buy and sell markers in the transaction detail data - Subtract the transaction amounts of active sells from active buys to get the net active buy amount - Calculate the proportion of net active buy amounts to the total transaction amount of the day[7] - **Evaluation**: This indicator effectively captures investors' active buying behavior[7] Model Backtest Results 1. **Large Buy Order Transaction Amount Proportion** - **Top 5 Stocks**: - Jiugang Hongxing: 87.2%, 90.5%[9] - Wentou Holdings: 86.6%, 97.1%[9] - Jinbin Development: 86.3%, 86.4%[9] - Ningbo Construction: 85.6%, 98.8%[9] - Xining Special Steel: 85.3%, 97.9%[9] - **Top 5 Industries**: - Banking: 81.3%, 61.3%[13] - Real Estate: 79.8%, 51.0%[13] - Construction: 78.5%, 88.9%[13] - Comprehensive: 77.9%, 46.1%[13] - Steel: 77.7%, 35.4%[13] - **Top 5 ETFs**: - Guotai SSE 10-Year Treasury Bond ETF: 95.4%, 99.6%[15] - Huatai-PineBridge MSCI China A50 Interconnection ETF: 94.0%, 93.4%[15] - Huatai-PineBridge CSI A500 ETF: 93.2%, 90.9%[15] - Guotai CSI A500 ETF: 92.5%, 53.9%[15] - Huaxia CSI A500 ETF: 92.0%, 97.5%[15] 2. **Net Active Buy Order Amount Proportion** - **Top 5 Stocks**: - Minsheng Bank: 22.2%, 98.8%[10] - SDIC Power: 21.8%, 97.1%[10] - Everbright Bank: 19.5%, 99.6%[10] - Zhejiang Bank: 19.2%, 96.3%[10] - Shangtai Technology: 18.9%, 100.0%[10] - **Top 5 Industries**: - Banking: 10.5%, 64.2%[13] - Food & Beverage: 4.7%, 56.0%[13] - Real Estate: 2.5%, 50.2%[13] - Construction: 0.4%, 72.4%[13] - Basic Chemicals: -0.9%, 75.7%[13] - **Top 5 ETFs**: - Harvest CSI Green Power ETF: 35.4%, 98.4%[16] - E Fund CSI Dividend Low Volatility ETF: 21.6%, 97.9%[16] - Huatai-PineBridge CSI All Index Power Utilities ETF: 18.7%, 97.9%[16] - Southern S&P China A-Share Large Cap Dividend Low Volatility 50 ETF: 15.7%, 96.7%[16] - GF GEM ETF: 13.8%, 90.9%[16]

Investment Rating - The investment rating for the construction decoration industry is "Positive" (maintained) [4] Core Viewpoints - The "14th Five-Year Plan" emphasizes the construction of a modern infrastructure system, with a focus on transportation and energy projects as key areas for future infrastructure investment [5][12] - The report suggests that infrastructure investment logic may gradually shift from traditional "stabilizing growth, stabilizing GDP" to structural investments that serve national strategies and security needs [7] - The construction industry is expected to focus on high-quality development, with urban renewal, smart construction, green and low-carbon initiatives, and international expansion as key directions [18] Market Review - The Shanghai Composite Index fell by 0.70%, while the Shenzhen Component Index rose by 0.76%, and the ChiNext Index increased by 2.51%. The construction decoration index rose by 4.12% during the same period [6][22] - Among individual stocks, China Energy Engineering saw a significant increase of 29.41%, followed by Ningbo Construction (+23.68%) and China Power Construction (+20.64%) [6][22] Investment Suggestions - Future infrastructure investments are expected to focus on power and water conservancy, energy security, and regional strategic development, particularly in the context of rising geopolitical uncertainties [7] - Recommended companies to watch include Sichuan Road and Bridge, China Chemical, Donghua Technology, China Power Construction, and China Energy Engineering [7] Sector Performance - Transportation infrastructure is expected to be a major support for infrastructure investment during the "14th Five-Year Plan" period, with significant projects planned for high-speed rail, national highways, and modern airport systems [9][12] - The new energy system construction is anticipated to become an important growth area for future infrastructure investments, with major clean energy projects expected to be progressively advanced [16][17]

Investment Rating - The industry investment rating is "Overweight" indicating a positive outlook for the construction sector [3][20]. Core Insights - The construction industry has shown a weekly increase of 4.12%, outperforming major indices such as the Shanghai Composite Index and Shenzhen Component Index [4][6]. - Key sectors within the industry, such as infrastructure state-owned enterprises, have demonstrated significant growth, with notable companies like China Energy Engineering and Ningbo Construction seeing substantial weekly gains [3][6]. - The "14th Five-Year Plan" emphasizes the need to enhance the competitiveness of the construction industry, focusing on structural upgrades and addressing industry challenges [3][9]. Industry Performance - The construction sector's weekly performance was +4.12%, surpassing the Shanghai Composite Index, which was -0.70% [4]. - The best-performing sub-sectors included infrastructure state-owned enterprises (+10.13%) and ecological landscaping (+2.06%) [6][8]. - Year-to-date, the steel structure sector has seen a remarkable increase of +27.25%, with companies like Southeast Network Frame and Zhite New Materials leading the gains [6][8]. Key Company Developments - China Energy Engineering reported a weekly increase of 29.41%, while Ningbo Construction and China Electric Power also saw significant gains [9][11]. - Yaxiang Integration is projected to achieve a net profit of 892 million yuan in 2025, marking a year-on-year growth of 40.30% [11]. - China Electric Power has signed a major contract for a solar storage project in Abu Dhabi worth 13.962 billion yuan, which is expected to contribute 2.20% to its 2024 revenue [11].

Investment Rating - The report maintains a "Positive" outlook for the construction industry, indicating an expectation for the sector to outperform the overall market [3][4]. Core Insights - The construction sector has shown a weekly increase of 4.12%, outperforming major indices such as the Shanghai Composite Index and Shenzhen Component Index [3][4]. - Key sub-sectors that performed well include state-owned infrastructure enterprises, which rose by 10.13%, and ecological landscaping, which increased by 2.06% [5][9]. - The report highlights significant government initiatives, including the promotion of major transportation projects and the release of the "14th Five-Year Plan," which aims to enhance the competitiveness of the construction industry [11][12]. Industry Performance - The construction industry outperformed the Shanghai Composite Index, with a weekly increase of 4.12% compared to a decrease of 0.70% for the index [4][5]. - The best-performing sub-sectors for the week included state-owned infrastructure enterprises and ecological landscaping, with notable companies like China Energy Engineering and Ningbo Construction leading the gains [5][9]. Key Company Developments - China Electric Power Construction Company signed a significant contract for a solar storage project in Abu Dhabi worth 13.962 billion yuan, representing 2.20% of its projected 2024 revenue [13][15]. - Yaxiang Integration is projected to achieve a net profit of 892 million yuan in 2025, reflecting a year-on-year growth of 40.30% [13][15]. Investment Analysis - The report suggests that 2026, as the start of the "14th Five-Year Plan," presents a favorable investment window, particularly in the steel structure sector and state-owned enterprises [3][12]. - Companies to watch include Honglu Steel Structure and China Chemical, as well as cleanroom companies like Shenghui Integration and Yaxiang Integration [3][12].

Group 1 - The 14th National People's Congress approved the 15th Five-Year Plan for national economic and social development [2] - The People's Bank of China is implementing a moderately loose monetary policy to support the real economy and stabilize market expectations [2] - The Ministry of Justice highlighted artificial intelligence as a key focus for legislation this year [2] Group 2 - Cambrian plans to distribute 15 yuan per 10 shares and increase shares by 4.9 for every 10 shares, projecting a net profit of 2.059 billion yuan in 2025 [4] - Zhenai Meijia confirmed that it is not involved in artificial intelligence business and has not experienced significant changes in its main operations [5] - Guangxun Technology denied rumors regarding large orders [6] Group 3 - GCL-Poly Energy noted risks of market sentiment overheating and irrational speculation affecting its stock price [7] - Dayuan Pump Industry warned of risks related to rapid stock price increases followed by potential declines [8] - Zhao Chi Co., Ltd. is in the rapid development stage of a 1.6T optical module [9] Group 4 - Deguan New Materials has launched production for its functional film and functional masterbatch renovation project [10] - Lian Te Technology stated that recent information regarding its clients, orders, and production plans circulating online is unofficial [11] - Ningbo Construction clarified that it and Zhongjing Cloud are not engaged in computing power leasing [12] Group 5 - *ST Chang Pharmaceutical received a decision for stock delisting [13] - CITIC Securities is under investigation by the Hong Kong Securities and Futures Commission, but its operations remain normal [14] - Guotai Junan reported that an employee was taken for investigation, but the company's operations are normal [15] Group 6 - Chaoxun Communication plans to invest in establishing a holding subsidiary to expand its computing power business [16] - Baichuan Co., Ltd. noted recent price increases in some chemical products but cannot predict the impact on performance [17] - ST Jinglan's stock will be suspended for verification due to abnormal trading fluctuations starting March 13 [18] Group 7 - Kaiying Network's actual controller plans to increase holdings of the company's shares by no less than 150 million yuan [19]

重要内容提示： 证券代码：601789 证券简称：宁波建工 公告编号：2026-012 宁波建工股份有限公司 关于股票交易异常波动暨风险提示公告 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 承担个别及连带责任。 ●宁波建工股份有限公司（以下简称"公司"）股票于 2026 年 3 月 10 日、3 月 11 日、3 月 12 日连续三个交易日内收盘价格涨幅 偏离值累计达到 20%，根据《上海证券交易所交易规则》的有关规 定，属于股票交易异常波动的情形。 ●公司股票价格自 2026 年 3 月 4 日以来累计上涨 50.50%，自 2026 年 3 月 11 日以来，近两日换手率分别为 48.45%、49.07%，换 手率较高，明显放量，交易风险较大。公司股价短期上涨幅度较大， 存在市场情绪过热、非理性炒作风险，已严重偏离同期上证指数和 土木工程建筑行业指数，且严重偏离公司基本面，随时存在快速下 跌风险。 ●公司最新滚动市盈率、最新市净率均显著高于同行业上市公 司水平。根据中证指数有限公司官网发布的数据，公司所属的行业 分类"E48 土木工 ...

Core Viewpoint - The article highlights the top ten stocks with net financing purchases on March 11, indicating strong investor interest in these companies [1] Group 1: Top Stocks by Net Financing Purchases - Haibo Technology leads with a net purchase of 297 million yuan [1] - Minsheng Bank follows with a net purchase of 204 million yuan [1] - China Power Construction ranks third with a net purchase of 185 million yuan [1] - Huahong Semiconductor has a net purchase of 180 million yuan [1] - Ningbo Construction reports a net purchase of 157 million yuan [1] - Aero Engine Corporation of China sees a net purchase of 149 million yuan [1] - Kingsoft Office has a net purchase of 142 million yuan [1] - GaoNeng Environment reports a net purchase of 142 million yuan [1] - Kweichow Moutai has a net purchase of 139 million yuan [1] - Cambridge Technology rounds out the list with a net purchase of 131 million yuan [1]

证券代码：601789 证券简称：宁波建工 公告编号：2026-011 宁波建工股份有限公司 关于股票交易风险提示性公告 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 承担个别及连带责任。 率为 0.62 倍，公司最新市净率为 2.03 倍，公司最新滚动市盈率、 最新市净率均显著高于同行业上市公司水平。公司敬请广大投资者 注意二级市场交易风险，理性决策，审慎投资。 ●媒体报道、市场传闻、热点概念情况：经公司核实，公司主 营业务为土木工程建筑业，未发生变化。根据公司 2022 年 1 月 6 日 披露的《宁波建工关于部分中经云股权转让进展的公告》（公告编 号：2022-003），公司直接加间接持有中经云数据存储科技（北京） 有限公司（以下简称"中经云"）32.3684%股权，不纳入公司合并 报表。目前公司及中经云均不从事算力租赁业务，中经云主营业务 仅为机柜位出租（用于放置服务器、网络设备等 IT 硬件设施的标准 化位置），对公司业绩无影响。 ●经营业绩风险：公司于 2025 年 10 月 28 日披露了《宁波建工 2025 年第三季度报告 ...

Summary of Conference Call on Collaborative Computing and Power Industry Industry Overview - The discussion centers around the **collaborative computing and power industry**, particularly focusing on investment opportunities arising from the integration of computing power and electricity supply [1][2][3]. Key Points and Arguments 1. **Government Initiatives**: The concept of collaborative computing was first introduced in the government work report during the Two Sessions, highlighting its importance in future infrastructure development [1][2]. 2. **Investment Catalysts**: - The government’s commitment to emerging industries, particularly in the energy sector, serves as a catalyst for investment [1][2]. - Significant investments in power infrastructure, such as the announcement of a 4 trillion yuan investment by the State Grid, have positively impacted related stocks [3][4]. 3. **Stock Performance**: Companies involved in the collaborative computing and power sector, such as **Jin Kai Xin Neng** and **Yu Neng Holdings**, have seen substantial stock price increases, indicating strong market interest [1][3][12]. 4. **Energy Demand Growth**: The demand for electricity is expected to surge, with projections indicating that global data centers will consume 1 trillion kilowatt-hours daily by 2026, equivalent to Japan's annual consumption [8][9]. 5. **Cost Reduction Potential**: The integration of computing power with green electricity could reduce energy costs by 10% to 20%, which is crucial given that electricity accounts for over 60% of costs in AI-driven industries [6][10]. Additional Important Insights 1. **Emerging Keywords**: The terms "collaborative computing" and "future energy, green fuels" were highlighted as new focal points in the latest government report, indicating a shift towards sustainable energy solutions [2][21]. 2. **Sectoral Opportunities**: - The collaborative computing sector is expected to benefit from advancements in AI and the need for efficient energy consumption [6][22]. - Companies involved in green energy, such as **Three Gorges Energy** and **Longyuan Power**, are positioned for potential revaluation as demand for green energy increases [11][22]. 3. **Investment Recommendations**: - Companies that have already integrated computing and power systems, such as **China Energy Construction** and **China Power Construction**, are recommended for investment due to their strategic positioning in the market [19][22]. - The focus should also be on companies that provide smart grid solutions and energy storage, as these areas are expected to see significant growth [12][14][15]. Conclusion - The collaborative computing and power industry presents a promising investment landscape driven by government support, increasing energy demands, and the potential for cost reductions through technological integration. Key players in this sector are well-positioned to capitalize on these trends, making them attractive investment opportunities for the future [22][23].