南向资金持续流入港股市场，2月6日半日净流入105亿港元，开年以来累计净流入超1200亿港元，低估 值港股对内地资金吸引力增强。基建领域近期有积极信号，如厦金大桥(厦门段)关键工程于2月10日完 成先导索跨岸连接，标志项目进入上部结构施工阶段，可能对基建板块情绪形成支撑。此外，交通运输 部等部门近期推动公路出行信息直播体系建设和绿色燃料加注中心规划，政策面向好为行业提供长期发 展环境。 以上内容基于公开资料整理，不构成投资建议。 经济观察网近7天，中国交通建设(01800.HK)股价整体小幅波动，区间涨跌幅为-0.59%，振幅1.76%。截 至2月12日收盘，股价报5.08港元，单日上涨0.79%，成交额约3878万港元。技术面上，股价近期在布林 带中轨附近震荡，MACD指标显示短期动能略有转强。资金流向方面，2月12日主力资金净流入745.4万 港元，反映部分资金逢低布局。同期恒生指数下跌0.86%，重型基建板块小幅上涨0.81%，公司股价表 现略优于大盘。 近期事件 ...

证券代码：601800 证券简称：中国交建 公告编号：临2026-009 中国交通建设股份有限公司 2025年1-12月主要经营数据公告 中国交通建设股份有限公司（本公司或公司）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。 现将公司2025年1-12月主要经营情况公布如下，供各位投资者参阅。 一、主要经营情况 2025 年，公司新签合同额为 18,836.72 亿元，同比增长 0.13%，完成年度目 标的 93%（按照董事会审议批准的在 2024 年新签合同额 18,811.85 亿元的基础 上增长 7.1%测算）。 1. 按业务类型统计 各业务按照业务类型统计，基建建设业务、基建设计业务、疏浚业务和其他 业务分别为 17,224.20 亿元、425.00 亿元、1,068.85 亿元和 118.67 亿元。 1 单位：亿元 业务分类 2025年10-12月 2025年累计 2024年 同期累计 同比 增减 个数 金额 个数 金额 金额 基建建设业务 1,984 4,999.80 7,509 17,224.20 17,00 ...

中国交建公告，2025年新签合同额18836.72亿元，同比增长0.13%，完成年度目标93%；基建建设 17224.2亿元，基建设计425亿元，疏浚1068.85亿元，其他118.67亿元；境外3924.41亿元，同比增长 9.09%，占比21%；新兴业务6655.43亿元，同比下降5.64%；基础设施投资类项目885.42亿元，同比下降 31.57%。 ...

格隆汇2月12日丨中国交建(601800.SH)公布，2025年，公司新签合同额为18,836.72亿元，同比增长 0.13%，完成年度目标的93%（按照董事会审议批准的在2024年新签合同额18,811.85亿元的基础上增长 7.1%测算）。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In 2025, the number and scale of issued accounts - receivable asset - backed securities increased year - on - year. The actual financiers were still concentrated in construction central enterprises and their subsidiaries, with a more prominent head - effect. These entities were more inclined to introduce in - system factoring companies, capital companies, asset management companies, trust companies, other financial platforms, and off - system commercial factoring companies as original equity holders or agents of original equity holders to issue securitized products. - In 2025, the average issuance scale of single accounts - receivable asset - backed special plans decreased compared to the previous year, the product term was slightly shortened, the issuance interest rate continued to decline, the securities were mainly of AAAsf credit rating, and the overall product credit risk remained at a low level. The trading activity in the secondary market increased significantly [38]. 3. Summary According to the Directory Issuance Situation - In 2025, 157 accounts - receivable asset - backed securitization products were issued in the exchange market, with a total issuance scale of 180.806 billion yuan. The number of issuances increased by 22, and the issuance scale rose by 9.40% year - on - year. The issuance scale accounted for 12.37% of the total issuance scale of enterprise asset - securitization products for the whole year, a decrease of 0.85 percentage points year - on - year [4][5]. - In terms of issuance venues, 140 products with an issuance amount of 172.474 billion yuan (accounting for 95.39%) were issued on the Shanghai Stock Exchange, and 17 products with an issuance amount of 8.332 billion yuan (accounting for 4.61%) were issued on the Shenzhen Stock Exchange [8]. - Regarding the distribution of original equity holders, the top five original equity holders were China Railway Capital Co., Ltd., China Railway Trust Co., Ltd., China Railway Construction Asset Management Co., Ltd., CCCC Commercial Factoring Co., Ltd., and Shenzhen United Factoring Co., Ltd., with issuance scale proportions of 32.27%, 16.95%, 11.06%, 2.73%, and 2.48% respectively. The total issuance scale of the top five original equity holders was 118.429 billion yuan, accounting for 65.50%; the total issuance scale of the top ten was 134.983 billion yuan, accounting for 74.66% [8]. - In terms of actual financiers, the total issuance scale of the top ten actual financiers was 165.964 billion yuan, accounting for 91.79%, an increase of 1.89 percentage points year - on - year. The actual financiers were mainly concentrated in central enterprises and their subsidiaries, with an issuance scale of 162.126 billion yuan, accounting for 89.67%, a year - on - year increase of 3.06 percentage points. In terms of industries, the actual financiers in the construction industry had an issuance scale of 165.423 billion yuan, accounting for 91.49% [10]. - Regarding the distribution of managers, the top five managers with the highest proportion of new management scale were CITIC Securities Co., Ltd., Huaxi Securities Co., Ltd., Ping An Securities Co., Ltd., Shanghai Guotai Haitong Securities Asset Management Co., Ltd., and CITIC Construction Securities Co., Ltd., with scale proportions of 17.61%, 16.95%, 14.64%, 10.13%, and 9.39% respectively. The total new management scale of the top five managers was 124.244 billion yuan, accounting for 68.72%, a year - on - year increase of 5.54 percentage points; the total new management scale of the top ten managers was 160.486 billion yuan, accounting for 88.76%, a year - on - year increase of 9.70 percentage points [14]. - In terms of product scale distribution, the highest single - product issuance scale was 5.4 billion yuan, and the lowest was 100 million yuan. The products with a single - scale in the (5, 10] billion yuan range had the largest number of issuances, with 51 units and a scale proportion of 21.47%. The average single - issuance scale was 1.152 billion yuan, a decrease of 73 million yuan compared to the previous year [16]. - Regarding the term distribution, the shortest term was 0.69 years, and the longest was 4.99 years. The products with a term in the (1, 3] - year range had the largest number of issuances, with 88 units and a scale proportion of 49.97%. The weighted average term was 2.14 years, slightly shorter than the previous year [17]. - In terms of level distribution, in 2025, AAAsf - rated securities accounted for 90.08%, AA + sf - rated securities accounted for 6.33%, and sub - grade securities accounted for 3.59% [19]. - Regarding the issuance interest rate, the median issuance interest rate of AAAsf - rated securities with a term of around 1 year was 1.85%, a year - on - year decrease of about 29BP [4][21]. Issuance Spread Statistical Analysis - Compared with government bonds of the same term, the average issuance spreads of 1 - year and 3 - year accounts - receivable asset - backed securities in 2025 narrowed compared to the previous year. For example, the average 1 - year spread decreased from 0.74 percentage points in 2024 to 0.48 percentage points in 2025 [26][28]. - Compared with AAA - rated corporate bonds of the same term, the average issuance spreads of 1 - year and 3 - year AAAsf - rated accounts - receivable asset - backed securities in 2025 also narrowed compared to the previous year. The average 1 - year spread decreased from 0.18 percentage points in 2024 to 0.14 percentage points in 2025 [31][32]. - In terms of issuance cost, the average issuance interest rate of 1 - year AAAsf - rated accounts - receivable asset - backed securities issued in 2025 decreased by 32BP year - on - year [32]. Filing Situation - In 2025, 105 accounts - receivable asset - backed special plans were filed with the Asset Management Association of China, with a total scale of 129.051 billion yuan. Compared with the previous year, the number of filings decreased by 12, and the filing scale decreased by 14.02% [4][33]. Secondary Market Trading Situation - In 2025, accounts - receivable asset - backed securities had 5,596 transactions in the secondary market, a year - on - year increase of 102.90%. The total transaction scale was 147.768 billion yuan, a year - on - year increase of 47.63%. The transaction scale accounted for 13.76% of the total transaction scale of enterprise asset - backed securities in the current period, a decrease of 1.11 percentage points year - on - year, ranking second in terms of transaction scale [4][36]. Maturity Situation in 2026 - It is estimated that 261 outstanding accounts - receivable asset - backed securities will mature in the exchange market in 2026, with a maturity scale of 168.808 billion yuan, accounting for 21.19% of the total maturity scale of all enterprise asset - backed securities in 2026, ranking second in terms of maturity scale [4][37]. - From the perspective of original equity holders, China Railway Capital Co., Ltd. had 43 maturing accounts - receivable asset - backed securities, with a repayment scale of 43.229 billion yuan, accounting for 25.61%; China Railway Trust Co., Ltd. had 33 maturing securities, with a repayment scale of 33.605 billion yuan, accounting for 19.91%; China Railway Construction Asset Management Co., Ltd. had 22 maturing securities, with a repayment scale of 25.449 billion yuan, accounting for 15.08% [37].

格隆汇2月12日｜中国交通建设股份有限公司公布2025年1-12月主要经营数据。2025年，公司新签合同 额为18,836.72亿元，同比增长0.13%，完成年度目标的93%（按照董事会审议批准的在2024年新签合同 额18,811.85亿元的基础上增长7.1%测算）。各业务按照业务类型统计，基建建设业务、基建设计业 务、疏浚业务和其他业务分别为17,224.20亿元、425.00亿元、1,068.85亿元和118.67亿元。 ...

证券日报网讯 2月10日，中国交建在互动平台回答投资者提问时表示，公司始终高度重视投资者的意见 与反馈，对于投资者提出的相关建议，公司将结合公司战略规划、业务协同需求及市场环境等因素，进 行审慎研究与评估。公司将持续深耕广西市场，积极参与平陆运河等重大工程建设，同时也将持续关注 相关产业协同机会，以更好地服务于公司整体发展战略。 （文章来源：证券日报） ...

中国交建 20260205 摘要 中国交建 2025 年前三季度新签订单增长良好，但受现金流影响收入负 增长。公司计划新签 2.6 万亿元订单，实现 6.8 万亿元营收，但若业主 方支付受阻，目标或难实现。公司更注重高质量发展带来的实际收入和 现金流保障。 中国交建加速盘活存量资产，如出售广连高速等项目，并采取提升现金 分红、增持 H 股、股票回购等市值管理措施，积极探讨并购与转型升级， 旨在提升公司价值并应对股价压力。 中国交建计划 2026 年实现新签合同额和营业收入正增长，营业收入增 幅略高于 GDP。新签合同额设定为十四五期间最低，以调整业务结构， 聚焦高质量发展，加快数字化、绿色化及业务融合。 未来五年，中国交建将聚焦高质量发展，以利润为核心，稳健扩展业务 规模，盘活存量资产。通过 654,321 指标体系，优化资产结构，提高资 产周转率和净资产收益率，改善现金流，实现可持续发展。 中国交建优先发展海外市场，2025 年前三季度境外新增合同额同比增 长 7%，占比 21%，预计未来收入占比将持续增长。中东和东南亚是重 点区域，公司将持续进行动态评估和策略调整。 Q&A 中国交建在 2025 年的经营 ...

来源：新浪基金∞工作室 2月9日，基建ETF华夏（159635）开盘涨0.00%，报1.152元。基建ETF华夏（159635）重仓股方面，中 国建筑开盘涨0.59%，中国中铁涨1.09%，中国电建涨0.54%，徐工机械涨1.83%，中联重科涨2.14%，三 一重工涨1.74%，中国铁建涨0.55%，中国能建涨0.83%，中国交建涨0.49%，金诚信涨2.28%。 基建ETF华夏（159635）业绩比较基准为中证基建指数收益率，管理人为华夏基金管理有限公司，基金 经理为严筱娴，成立（2022-06-28）以来回报为15.34%，近一个月回报为1.19%。 声明：市场有风险，投资需谨慎。本文基于第三方数据库自动发布，不代表新浪财经观点，任何在本文 出现的信息均只作为参考，不构成个人投资建议。如有出入请以实际公告为准。如有疑问，请联系 biz@staff.sina.com.cn。 ...

中国交通建设股份有限公司于2026年2月4日提交翌日披露报表，确认公司在2025年9月18日至2026年2月 4日期间，通过上海证券交易所场内交易方式累计购回1,198,200股A股股份，每股购回价介于人民币 8.0526元至8.8809元之间，购回股份拟注销。本次购回符合《主板上市规则》相关规定，并已获董事会 授权批准。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 中国交通建设股份有限公司于2026年2月2日提交翌日披露报表，披露自2025年9月18日至2026年2月2日 期间，公司通过上海证券交易所场内交易方式累计购回A股股份16,779,716股，占有关事件前已发行股 份的0.14%，总支付金额为人民币138,858,672元。其中，2026年2月2日当日购回1,207,900股，支付金额 9,796,872元，购回股份拟全部注销。本次购回已获董事会授权，并符合相关上市规则及监管规定。 中国交通建设股份有限公司于2026年2月3日提交翌日披露报表，确认截至当日已发行A股股份总数为 11,856,168,225股，无库存股份 ...