Core Viewpoint - China Communications Construction Company (CCCC) announced that as of August 31, 2025, the company has not repurchased any shares [1] Summary by Relevant Categories - Company Announcement - CCCC disclosed in a notice that it has not engaged in any share repurchase activities up to the specified date [1]

Core Viewpoint - China Communications Construction Company (01800) announced that as of August 31, 2025, the company has not repurchased any shares [1] Summary by Category - Company Announcement - The company has not engaged in any share repurchase activities up to the specified date [1]

Core Viewpoint - China Communications Construction Company (601800.SH) announced that as of August 31, 2025, the company has not repurchased any shares [1] Summary by Category - **Company Actions** - The company has not engaged in any share repurchase activities up to the specified date [1] - **Financial Implications** - The lack of share repurchase may indicate a focus on other financial strategies or capital allocation priorities [1] - **Market Reaction** - The announcement may influence investor sentiment regarding the company's financial health and future strategies [1]

Core Viewpoint - China Communications Construction Company (01800) announced that as of August 31, 2025, the company has not repurchased any shares [1] Summary by Relevant Categories - Company Announcement - The company has not engaged in any share repurchase activities up to the specified date [1]

（股份代號：1800） 香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國交通建設股份有限公司 CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而發表。 以 下 為 中 國 交 通 建 設 股 份 有 限 公 司 於 上 海 證 券 交 易 所 網 站 刊 發 的《中 國 交 通 建 設 股 份 有 限 公 司 關 於 股 份 回 購 進 展 公 告》。 承董事會命 中國交通建設股份有限公司 劉正昶 俞京京 董事會秘書 公司秘書 中國北京，2025年9月1日 於本公告日期，本公司董事為宋海良、張炳南、劉翔、劉輝 # 、陳永德 # 、武廣齊 # 及 周孝文 # 。 # 獨立非執行董事 关于股份回购进展公告 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 ...

证券代码：601800 证券简称：中国交建 公告编号：2025-050 中国交通建设股份有限公司 关于股份回购进展公告 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。 重要内容提示： 2025 年 6 月 16 日，公司召开 2024 年年度股东会逐项审议通过了《关于回购 公司 A 股股份方案的议案》，同意公司使用自有资金以集中竞价交易方式回购公司 已发行的部分人民币普通股（A 股）股票，回购的资金总额不低于人民币 5 亿元， 不超过人民币 10 亿元，回购价格上限为 13.58 元/股，回购的股份将全部予以注销 并减少公司注册资本，回购期限为自股东会审议通过回购方案之日起 12 个月内。 具体内容详见 2025 年 7 月 1 日公司在上海证券交易所网站（www.sse.com.cn）披 露的《中国交建关于以集中竟价交易方式回购公司 A 股股份的回购报告书》。 二、 回购股份的进展情况 | 回购方案首次披露日 | 2025 年 5 月 31 日 | | | | | | | | --- | --- | --- | --- | ...

Market Overview - On September 1, the infrastructure sector rose by 0.25% compared to the previous trading day, with Palm Holdings leading the gains [1] - The Shanghai Composite Index closed at 3875.53, up 0.46%, while the Shenzhen Component Index closed at 12828.95, up 1.05% [1] Top Gainers in Infrastructure Sector - Palm Holdings (002431) closed at 2.52, up 10.04% with a trading volume of 1.4393 million shares and a transaction value of 347 million [1] - Huylv Ecological (001267) closed at 15.90, up 10.03% with a trading volume of 522,800 shares and a transaction value of 813 million [1] - Hongrun Construction (002062) closed at 8.56, up 10.03% with a trading volume of 1.2061 million shares and a transaction value of 1.012 billion [1] Top Losers in Infrastructure Sector - Daqian Ecological (603955) closed at 37.93, down 2.77% with a trading volume of 45,400 shares and a transaction value of 173 million [2] - Anhui Construction (600502) closed at 4.63, down 2.73% with a trading volume of 451,900 shares and a transaction value of 210 million [2] - China Communications Construction (601800) closed at 9.03, down 1.42% with a trading volume of 696,800 shares and a transaction value of 632 million [2] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 653 million from institutional investors, while retail investors saw a net inflow of 515 million [2] - The top stocks with significant net inflows from retail investors include Huylv Ecological (001267) with 92.08 million and Palm Holdings (002431) with 75.98 million [3] Individual Stock Performance - Huylv Ecological (001267) had a net inflow of 92.08 million from institutional investors, representing 11.33% of its total trading [3] - Palm Holdings (002431) saw a net outflow of 31.18 million from retail investors, indicating a shift in investor sentiment [3] - Energy-saving Iron Han (300197) had a net inflow of 64.83 million from institutional investors, showing strong institutional interest [3]

Investment Rating - The investment rating for the company is "Buy-A" with a 6-month target price of 11.2 CNY, compared to the current stock price of 9.16 CNY [4]. Core Views - The company's revenue for the first half of 2025 was 337.06 billion CNY, a year-on-year decrease of 5.71%, with a net profit attributable to shareholders of 9.57 billion CNY, down 16.06% year-on-year [2][3]. - The decline in revenue is primarily attributed to a significant drop in new construction and construction data in the real estate sector, alongside weakening infrastructure investment growth [2]. - Despite the overall revenue decline, the company saw a substantial narrowing of revenue decline in Q2 2025, with a year-on-year increase of 1.03% [2]. - The company’s new contract signing amount reached 991.05 billion CNY in H1 2025, reflecting a year-on-year growth of 3.14%, with notable growth in infrastructure construction and dredging business contracts [4][8]. Summary by Sections Revenue and Profitability - In H1 2025, the company reported a revenue of 3370.55 billion CNY, down 5.71% year-on-year, with a net profit of 95.68 billion CNY, down 16.06% year-on-year [2][3]. - The gross profit margin decreased to 10.64%, a decline of 1.01 percentage points year-on-year, with specific margins for construction, design, and dredging at 9.74%, 17.03%, and 11.00% respectively [3]. Cash Flow and Expenses - The company experienced a significant improvement in operating cash flow, with a net outflow of 773.01 billion CNY in H1 2025, which was an increase in outflow of 31.4 billion CNY year-on-year [3]. - The total expense ratio decreased to 4.94%, down 0.75 percentage points year-on-year, indicating effective cost control [3]. Business Segments and Contracts - The new contracts signed in H1 2025 amounted to 9910.54 billion CNY, with growth in infrastructure construction and dredging contracts, while the design segment saw a decline of 25.39% [4][8]. - Emerging business areas, including energy and new materials, contributed significantly, with new contracts in these sectors totaling 3202.55 billion CNY, accounting for 32% of total new contracts [8]. Future Outlook - The revenue forecasts for 2025-2027 are adjusted to 7846.8 billion CNY, 8160.7 billion CNY, and 8487.1 billion CNY, with expected net profits of 227.9 billion CNY, 246.0 billion CNY, and 258.6 billion CNY respectively [9]. - The company aims to maintain a dividend policy with a minimum payout ratio of 20%, with potential adjustments based on cash flow and industry conditions [9].

Core Viewpoint - China Communications Construction Company (CCCC) experienced a decline in stock price, dropping over 5% to HKD 5.3, with a trading volume of HKD 136 million [1] Financial Performance - The company reported a revenue of CNY 335.45 billion for the first half of 2025, representing a year-on-year decrease of 5.78% [1] - The profit attributable to the parent company was CNY 9.99 billion, down 16.9% year-on-year [1] - No interim dividend was declared [1] Contractual Activity - New contract value reached CNY 991.05 billion, showing a year-on-year growth of 3.1% [1] - The new contracts in emerging business sectors amounted to CNY 320.26 billion, accounting for approximately 32% of the total new contracts [1] Market Analysis - Guosheng Securities indicated that the decline in performance was primarily due to a slowdown in domestic project execution and a decrease in gross profit margin [1]

Core Viewpoint - China Communications Construction Company (CCCC) experienced a decline in stock price, dropping over 5% following the release of its mid-year results for 2025, indicating challenges in revenue and profit generation [1] Financial Performance - The company reported a revenue of 335.45 billion yuan, representing a year-on-year decrease of 5.78% [1] - The profit attributable to the parent company was 9.99 billion yuan, down 16.9% compared to the previous year [1] - No interim dividend was declared for this period [1] Contractual Developments - New contract value reached 991.05 billion yuan, showing a year-on-year growth of 3.1% [1] - The new contracts in emerging business sectors amounted to 320.26 billion yuan, accounting for approximately 32% of the total new contracts [1] Market Analysis - Guosheng Securities indicated that the decline in performance was primarily due to a slowdown in domestic project execution and a decrease in gross profit margin [1]