证券代码：601800 证券简称：中国交建 公告编号：临 2025-055 中国交通建设股份有限公司 第五届董事会第五十四次会议决议公告 中国交通建设股份有限公司（简称公司或本公司）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。 二、审议通过《关于调整中国交建关连附属公司 2025 年日常性关连交易 计划上限的议案》 （一）同意公司按照香港上市规则，将 2025 年与关连附属公司的关连交易 上限由 18.88 亿元调整为 20.16 亿元，合计调增 1.28 亿元。 （二）本议案在提交董事会审议前已经独立董事专门会议审议通过。 1 （三）本议案涉及关联（连）交易事项，关联（连）董事宋海良先生、张 炳南先生、刘翔先生已回避表决。 表决结果：同意【4】票，反对【0】票，弃权【0】票，回避【3】票。 2025 年 10 月 22 日，公司以书面形式发出本次董事会会议通知。2025 年 10 月 30 日，本次董事会以现场方式召开，应当出席的董事 7 名，实际出席会议的 董事 6 名，刘翔董事因公务原因授权委托张炳南董事代为出席表决。会议 ...

Core Viewpoint - China Communications Construction Company (01800.HK) reported a steady development in its Q3 2025 results, with a total revenue of RMB 513.915 billion for the first nine months, achieving 63% of its annual target, despite a year-on-year decline of 4.23% [1] Financial Performance - The company's revenue for Q1-Q3 2025 was RMB 513.915 billion, down 4.23% year-on-year, with a single-quarter revenue decline of 1.30%, indicating a narrowing rate of decrease [1] - Gross margin stood at 11.04%, a decrease of 0.50 percentage points year-on-year, while the single-quarter gross margin improved to 11.80%, up 0.50 percentage points year-on-year [1] - The net profit attributable to shareholders was RMB 13.647 billion, reflecting a year-on-year decline of 16.14%, while the net profit excluding non-recurring items was RMB 11.701 billion, showing year-on-year growth in the single quarter [1] Cash Flow and Financial Stability - The operating cash flow recorded a net outflow of RMB 65.790 billion, although this was a reduction in the outflow compared to the previous year; the single-quarter operating cash flow turned into a net inflow of RMB 11.510 billion [1] - The company's asset-liability ratio remained stable, indicating that financial risks are under control [1]

Financial Performance - The company's operating revenue for the third quarter was CNY 176.86 billion, a decrease of 1.30% year-on-year, and the year-to-date revenue reached CNY 513.92 billion, down 4.23% compared to the previous year[2] - The total profit for the third quarter was CNY 6.59 billion, reflecting an 11.71% decline year-on-year, while the year-to-date profit totaled CNY 22.79 billion, down 10.92%[2] - The net profit attributable to shareholders for the third quarter was CNY 4.08 billion, a decrease of 16.34% year-on-year, with a year-to-date net profit of CNY 13.65 billion, down 16.14%[2] - Total revenue for the first three quarters of 2025 was CNY 513.92 billion, a decrease of 4.26% compared to CNY 536.64 billion in the same period of 2024[31] - Net profit for the first three quarters of 2025 was CNY 18.21 billion, a decline of 13.4% from CNY 20.99 billion in 2024[31] Cash Flow and Liquidity - The company achieved a net cash flow from operating activities of CNY 11.51 billion in the third quarter, with a year-to-date net outflow of CNY 65.79 billion[2] - In the first three quarters of 2025, the net cash flow from operating activities was -65.79 billion RMB, an improvement from -77.03 billion RMB in the same period of 2024, indicating a 14.5% reduction in cash outflow[34] - Cash flow from operating activities showed a net outflow of ¥1.19 billion, an improvement from a net outflow of ¥19.99 billion in the same period last year[39] Assets and Liabilities - The total assets at the end of the reporting period were CNY 2,039.67 billion, an increase of 9.76% compared to the end of the previous year[3] - Total liabilities increased to CNY 1.55 trillion as of September 30, 2025, up 11.77% from CNY 1.39 trillion at the end of 2024[29] - The company's total assets as of September 30, 2025, reached CNY 2.04 trillion, an increase of 9.76% from CNY 1.86 trillion at the end of 2024[28] - The company's total liabilities increased to 160.18 billion RMB from 146.64 billion RMB, representing a 9.2% rise[36] Shareholder Equity - The equity attributable to shareholders at the end of the reporting period was CNY 329.62 billion, up 5.17% from the previous year-end[3] - The company's total equity reached CNY 485.43 billion as of September 30, 2025, an increase of 3.30% from CNY 467.81 billion at the end of 2024[29] - The company's equity increased to 157.56 billion RMB as of September 30, 2025, compared to 145.90 billion RMB at the end of 2024, marking an 8.0% increase[36] Contracts and Revenue Generation - In the first nine months of 2025, the company signed new contracts amounting to CNY 1,339.97 billion, a year-on-year increase of 4.65%, achieving 67% of the annual target of CNY 1,881.19 billion[14] - The new contracts from overseas regions totaled CNY 284.06 billion (approximately USD 39.93 billion), representing a year-on-year growth of 7.13%, accounting for 21% of the total new contracts[16] - The total new contracts in energy engineering projects amounted to CNY 79.48 billion, marking an impressive year-on-year growth of 80.60%[19] - The total new contracts for the company in the third quarter of 2025 were CNY 348.92 billion, contributing to the cumulative total of CNY 1,339.97 billion for the year[21] Investment and Innovation - The company issued a total of CNY 20 billion in technology innovation bonds with a 1.74% interest rate, maturing in 2027[23] - The company also issued CNY 10 billion in technology innovation bonds with a 1.80% interest rate, maturing in 2028[24] - The company received ¥15.5 billion from investment absorption, a substantial increase compared to ¥83.24 million in the same period of 2024[39] - Research and development expenses increased to ¥103.14 million, up from ¥88.92 million, indicating a focus on innovation[38] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 167,178, with 156,002 holding A shares and 11,176 holding H shares[9] - The company repurchased 9,715,200 A shares, accounting for approximately 0.39% of the free-floating A shares[8] Profitability Metrics - The gross profit margin for the third quarter was 11.04%, a decrease of 0.50 percentage points year-on-year, while the quarterly gross profit margin was 11.80%, an increase of 0.50 percentage points year-on-year[6] - The company reported a basic earnings per share of CNY 0.79 for the first three quarters of 2025, down from CNY 0.94 in 2024[32] - The company reported a significant increase in investment income, totaling ¥8.85 billion, compared to ¥6.83 billion in the previous year, marking a 29.6% growth[38] Financial Adjustments - The company experienced a decrease in financial expenses, which totaled ¥745.33 million, down from ¥768.00 million in the previous year[38] - The company did not apply new accounting standards for the year 2025[40]

Financial Performance - Revenue for the third quarter was RMB 176.86 billion, a decrease of 1.30% compared to the same period last year[7]. - Net profit attributable to shareholders decreased by 16.34% year-on-year, amounting to RMB 4.08 billion[7]. - The company achieved a gross profit margin of 11.04%, down by 0.50 percentage points year-on-year[11]. - The company reported a decrease in net profit after deducting non-recurring gains and losses, totaling RMB 11.70 billion, a decline of 13.45% year-on-year[7]. - Total operating revenue for the first three quarters of 2025 was CNY 513.92 billion, a decrease of 4.25% compared to CNY 536.64 billion in the same period of 2024[37]. - Net profit for the first three quarters of 2025 was CNY 18.21 billion, a decline of 13.4% from CNY 20.99 billion in 2024[38]. - The total profit for the first three quarters of 2025 was CNY 22.79 billion, down 10.4% from CNY 25.58 billion in 2024[38]. - For the first three quarters of 2025, the total comprehensive income attributable to the parent company was CNY 13,910,882,585, a decrease of 30.5% compared to CNY 20,022,875,470 in the same period of 2024[39]. - The company's basic and diluted earnings per share for the first three quarters of 2025 were both CNY 0.79, down from CNY 0.94 in the same period of 2024, a decrease of 16%[39]. Assets and Liabilities - Total assets increased by 9.76% year-on-year, reaching RMB 2,039.67 billion[6]. - The company's total liabilities increased to CNY 1.55 trillion as of September 30, 2025, compared to CNY 1.39 trillion at the end of 2024, reflecting a growth of 11.8%[34]. - Current liabilities totaled CNY 981.20 billion as of September 30, 2025, up from CNY 868.81 billion at the end of 2024, representing an increase of 12.9%[34]. - Long-term borrowings rose to CNY 422.39 billion as of September 30, 2025, compared to CNY 392.95 billion at the end of 2024, marking an increase of 7.5%[34]. - The company's total equity increased to CNY 485.43 billion as of September 30, 2025, compared to CNY 467.81 billion at the end of 2024, indicating an increase of 3.3%[34]. - The total liabilities as of September 30, 2025, were CNY 138,118,912,256, compared to CNY 117,147,852,827 at the end of 2024, indicating an increase of 17.9%[48]. - The total equity of the company increased to CNY 157.56 billion as of September 30, 2025, compared to CNY 145.90 billion at the end of 2024[49]. Cash Flow - Operating cash flow for the quarter was RMB 11.51 billion, with a significant improvement compared to a net outflow of RMB 65.79 billion year-to-date[11]. - The net cash flow from operating activities for the first three quarters of 2025 was -CNY 65,790,413,885, an improvement from -CNY 77,028,344,565 in 2024, indicating a 14.4% reduction in cash outflow[42]. - Cash flow from operating activities for the first three quarters of 2025 was negative CNY 1.19 billion, an improvement from negative CNY 19.99 billion in the same period of 2024[56]. - Cash flow from financing activities generated a net inflow of CNY 15.33 billion in the first three quarters of 2025, compared to CNY 21.68 billion in the same period of 2024[57]. Contracts and Business Growth - The company completed 63% of its annual revenue target of RMB 771.94 billion for 2024, reflecting a 5.0% growth plan[11]. - New contracts signed from January to September 2025 amounted to RMB 1,339.97 billion, a year-on-year increase of 4.65%[19]. - The new contracts from overseas regions totaled RMB 284.06 billion (approximately USD 39.93 billion), a year-on-year increase of 7.13%[21]. - Infrastructure construction business contracts amounted to RMB 1,222.44 billion, while dredging business contracts were RMB 78.83 billion[20]. - The new contract value in emerging business areas reached RMB 466.38 billion, a year-on-year increase of 9.38%[22]. - The new contract value from energy engineering projects was RMB 79.48 billion, up 80.60% year-on-year, while agricultural and forestry projects saw a new contract value of RMB 10.88 billion, increasing by 72.77%[23]. - The total contract value for infrastructure investment projects was RMB 76.58 billion, a decrease of 5.33% year-on-year[25]. - The cumulative total for domestic operations was RMB 1,055.91 billion, reflecting a 4.00% increase compared to the same period last year, while overseas operations totaled RMB 284.06 billion, up 7.13%[24]. Shareholder Information - As of September 30, 2025, the total number of shares was 16,278,611,425, with A-shares accounting for 72.86% and H-shares for 27.14%[14]. - The company repurchased 9,715,200 A-shares, representing 0.39% of the free-floating A-shares and 0.0597% of the total shares[14]. - The top shareholder, China Communications Construction Group, holds 57.59% of the total shares[17]. Research and Development - Research and development expenses for the first three quarters of 2025 were CNY 15.34 billion, a decrease of 12.0% from CNY 17.44 billion in 2024[37]. - Research and development expenses for the first three quarters of 2025 were CNY 103.14 million, an increase from CNY 88.92 million in the same period of 2024[52].

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 公司名稱： 中國交通建設股份有限公司 呈交日期： 2025年10月29日 第 1 頁 共 7 頁 v 1.3.0 | 1). | 回購但尚未注銷的股份 | | 5,000,000 | 0.04 % | RMB | 8.8767 | | --- | --- | --- | --- | --- | --- | --- | | | 變動日期 | 2025年9月18日 | | | | | | 2). | 回購但尚未注銷的股份 | | 3,000,000 | 0.03 % | RMB | 8.7597 | | | 變動日期 | 2025年9月22日 | | | | | | 3). | 回購但尚未注銷的股份 | | 1,715,200 | 0.01 % | RMB | 8.6779 | | | 變動日期 | 2025年9月29日 | | | | | | 4). | 回購但尚未注銷的股份 | | 1,147,600 | 0.01 % | RMB | 8.7136 | | | 變動日期 ...

Core Viewpoint - China Communications Construction Company (01800.HK) announced a share buyback plan, intending to repurchase 1,209,900 A-shares at a cost of approximately RMB 10.6994 million, with a buyback price range of RMB 8.81 to 8.88 per share [1] Group 1 - The company plans to execute the buyback on October 29, 2025 [1] - The total expenditure for the buyback is set at RMB 10.6994 million [1] - The number of shares targeted for repurchase is 1,209,900 [1]

Core Viewpoint - China Communications Construction Company (01800) announced a share repurchase plan, intending to buy back approximately 1.2099 million A-shares at a cost of about 10.6994 million yuan by October 29, 2025 [1] Summary by Category - **Company Actions** - The company plans to repurchase 1.2099 million A-shares [1] - The total expenditure for the buyback is approximately 10.6994 million yuan [1]

Group 1 - The company, China Communications Construction Company (01800), announced a share buyback plan to repurchase approximately 1.2099 million A-shares at a cost of about 10.6994 million yuan [1]

FF305 翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 第 2 頁 共 7 頁 v 1.3.0 表格類別： 股票 狀態： 新提交 公司名稱： 中國交通建設股份有限公司 呈交日期： 2025年10月29日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 | 第一章節 | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 | 普通股 | 股份類別 A | | 於香港聯交所上市 | 否 | | | | 證券代號 (如上市) | 601800 | 說明 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | | 事件 | 已發行 ...

Core Insights - China Communications Construction Company (CCCC) experienced a 1.23% decline in stock price on October 28, with a trading volume of 323 million yuan [1] - The company reported a total financing balance of 1.207 billion yuan, which is 1.15% of its market capitalization, indicating a low financing level compared to the past year [1] - CCCC's revenue for the first half of 2025 was 337.055 billion yuan, a year-on-year decrease of 5.71%, while net profit attributable to shareholders fell by 16.06% to 9.568 billion yuan [2] Financing and Trading Activity - On October 28, CCCC had a net financing purchase of 74,000 yuan, with a total financing buy of 45.9779 million yuan and repayment of 45.904 million yuan [1] - The company’s margin trading balance is at a relatively low level, below the 50th percentile of the past year [1] - CCCC's short selling activity included a repayment of 10,700 shares and a sale of 1,200 shares, with a short selling balance of 426,790 yuan, which is above the 70th percentile of the past year [1] Shareholder and Dividend Information - As of June 30, 2025, CCCC had 148,600 shareholders, a decrease of 4.65%, while the average number of circulating shares per shareholder increased by 5.19% to 85,600 shares [2] - CCCC has distributed a total of 48.735 billion yuan in dividends since its A-share listing, with 13.182 billion yuan distributed in the last three years [3] - Major institutional shareholders include Hong Kong Central Clearing Limited and various ETFs, with significant increases in their holdings compared to the previous period [3]