10月14日，中国能建党委副书记、总经理倪真一行赴怀柔实验室调研交流，并与怀柔实验室主任、中国工程院院士汤广福举行座谈。双方就深化科研攻 关、成果转化、人才培养等领域合作，共同推动能源电力高质量发展进行深入交流。 汤广福介绍了怀柔实验室建设进展情况。他表示，怀柔实验室围绕国家战略需求，践行新型举国体制，聚焦能源领域开展战略性、前瞻性、基础性科学技 术研究，通过创新科研机制和开放协同的新模式，加速能源技术创新与成果转化。希望怀柔实验室与中国能建进一步加强交流合作，充分发挥实验室体制 机制优势和央企创新主体作用，整合双方优势资源，在能源电力科技创新、示范项目建设、人才培养交流等方面深化务实合作，共同服务能源领域创新发 展。 会谈前，倪真一行参观了怀柔实验室展厅。 怀柔实验室党委副书记方力，主任助理兼智慧能源中心（院）党委书记董安有，主任助理兼科技创新部部长庞辉，中国能建党委副书记、工会主席黄埔， 党委常委、副总经理尹强、李新生，以及双方相关部门、有关单位负责人参加活动。（中国能建） 倪真感谢怀柔实验室对中国能建的支持与帮助，并简要介绍了公司基本情况。他表示，中国能建深入落实"四个革命、一个合作"能源安全新战略，聚 ...

记者获悉，由中国能源建设集团有限公司（以下简称"中国能建"）与中国国际交通创新和知识中心等联 合发起的"全球可持续交通认证体系"（GSTC）日前在北京启动可持续交通燃料认证试运行工作。首批 纳入认证体系的试运行项目为中能建氢能公司吉林松原项目（绿氨）和中华煤气内蒙古易高项目（绿甲 醇）。 建立中国发起的国际性可持续燃料认证体系，是我国积极参与气候变化全球治理的重要举措，有利于衔 接IMO相关法规及我国的实际情况，能够有效发挥我国可持续燃料产业发展优势，进一步降低产业成 本，将为我国打造国际性可持续燃料供应中心、加注中心、交易中心、定价中心提供有力支撑，并将成 为推动我国交通和能源融合发展的重要驱动引擎。 据介绍，中国能建充分发挥旗下中电工程、氢能公司等核心单位可持续燃料项目投建营、工艺系统集 成、碳足迹核算等方面的独特优势，为"1+9+5+N"认证体系文件编制、大数据平台开发和试运行提供了 重要支撑。与此同时，中国能建在可持续燃料领域开展了系列创新实践，在内蒙古、黑龙江、吉林、辽 宁等地规划投资建设多个可持续燃料生产基地，并重点攻关生物质气化、系统动态匹配等可持续燃料制 备的关键技术装备，合力打通"制储输加用 ...

Core Viewpoint - A new company, Wuwei Wind Power Generation Co., Ltd., has been established, focusing on wind and solar power generation services [1] Group 1: Company Overview - Wuwei Wind Power Generation Co., Ltd. has a registered capital of 53.1884 million yuan [1] - The legal representative of the company is Lv Yong [1] - The company's business scope includes wind power generation technology services, power generation technology services, solar power generation technology services, and related transmission and distribution services [1] Group 2: Shareholding Structure - The company is jointly held by China Energy Engineering Group Anhui Electric Power Design Institute Co., Ltd. and China Power Engineering Consulting Group Co., Ltd., a wholly-owned subsidiary of China Energy Construction [1]

两大央企拿下312亿沙特能源大单！中方通告全球，中沙将举行联训 冒着热气的包子铺门口，刚咬一口豆腐脑还烫嘴，隔壁老王一边撸袖子一边咬牙切齿，昨晚他家小舅子 投的那家新能源公司，被人套牢，刚炒热的沙特项目一夜爆火，钱没捂热就被套牢，街坊们一拍大腿， 这坑我熟人也能踩，眼睁睁看着两个央企312亿大单砸在沙漠里，炒作的热气还没散，就有人开始嚷嚷 分蛋糕的事了。 10月10号，天刚蒙蒙亮，楼下老李刷着手机念叨，中国电建和中国能建这俩大佬，一个117亿，一个195 亿，合起来312亿，沙特的太阳还没升起来，这单子先传回了北京，朋友圈里全是转发的公告截图，大 红章盖得跟年货一样热闹，谁家亲戚在里头都开始吹牛，连楼道都回响着央企出海的脚步声。 中国电建在沙特签了2000兆瓦的光伏项目，老电建的师傅们以前南美、巴基斯坦都跑过，地球那头的工 地灰还没拍干净，这回沙特的风沙又要见真章，项目工期26个月，现场拉人开工，沙特本地工人一听有 活干，排队都排到沙丘那头去了，临时工说这工资比往年油田还稳当，家里孩子都嚷着要去光伏场里试 试。 政策线下压得紧，前脚《价格法修正草案》刚刚出来，后台还在疯涨，行业里的人都明白，价格要讲规 矩，利 ...

Market Overview - The infrastructure sector experienced a decline of 0.26% on October 13, with Guanzhong Ecological leading the drop [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Notable gainers in the infrastructure sector included: - China Communications Construction Co., Ltd. (交建股份) with a closing price of 14.25, up 5.56% [1] - Sichuan Road and Bridge Group (四川路桥) at 8.31, up 3.10% [1] - Wenkai Co., Ltd. (文科股份) at 4.47, up 2.76% [1] - Conversely, Guanzhong Ecological (冠中生态) saw a significant decline of 15.85%, closing at 18.48 [2] Capital Flow - The infrastructure sector saw a net outflow of 1.303 billion yuan from institutional investors, while retail investors contributed a net inflow of 976 million yuan [2] - The capital flow for key stocks showed: - China Energy Engineering Group (中国能建) had a net inflow of 59.32 million yuan from institutional investors [3] - Guanzhong Ecological experienced a net outflow of 707.10 million yuan from institutional investors [3]

Investment Rating - The report gives an "Overweight" rating for the construction and decoration industry, indicating a positive outlook compared to the overall market performance [2][9]. Core Insights - The construction industry is experiencing a slowdown in investment, leading to pressure on corporate profits. Despite this, infrastructure investment remains stable, acting as a stabilizing force in the overall economy [3][4]. - The report highlights that companies with a net profit growth rate below -10% include China Railway, China Metallurgical Group, and others, while those with growth rates above 20% include Jianfa Hecheng and Zhi Te New Materials [3][4]. - The report suggests that weak investment could lead to a valuation recovery for central state-owned enterprises in the construction sector, as current valuations are low with a PE ratio of 12.4X and a PB ratio of 0.82X as of October 10, 2025 [3][4]. Summary by Sections Investment Trends - Fixed asset investment growth has slowed, with infrastructure investment showing a year-on-year increase of 5.4% for the first eight months of 2025. The report notes that while manufacturing and real estate are under pressure, infrastructure investment remains relatively stable [3][4]. Profit Forecasts - The report provides a forecast for net profit growth rates for key companies in the industry, categorizing them into various growth ranges, with several companies expected to face profit pressures in 2025 [4]. Valuation Analysis - The report includes a valuation table for key companies in the construction industry, indicating their earnings per share (EPS), PE ratios, and projected net profit growth rates for 2024 to 2026. For instance, China Railway is projected to have a net profit decline of 17% in 2025, while Jianfa Hecheng is expected to see a significant increase of 45% [4].

Investment Rating - The report maintains a "stronger than the market" investment rating for the construction decoration industry [3]. Core Viewpoints - The report highlights the renewed US-China tariff conflict, emphasizing the potential benefits for domestic infrastructure and high-demand segments [14]. - It notes an increase in special bond net financing, with significant rapid deployment of special treasury funds, which supports investment stability [15]. Summary by Sections Investment Recommendations - Three main investment lines are recommended for the second half of 2025: 1. **Main Line One**: Focus on state-owned enterprises benefiting from national key projects, including low-valuation central enterprises and high-demand local state-owned enterprises. Recommended companies include China Railway Construction, China Railway, China Chemical, China Energy Engineering, China Communications Construction, and China State Construction. Attention is also drawn to China Power Construction and China Metallurgical Group [2]. 2. **Main Line Two**: Target high-demand segments driven by major strategic projects, with recommendations for companies like Gaozheng Minexplosion, Tiejian Heavy Industry, China Railway Industry, Yipuli, and Zhongyan Dadi, while keeping an eye on Tibet Tianlu and Wuxin Tunnel Equipment [2]. 3. **Main Line Three**: Invest in sectors empowered by AI, robotics, and semiconductors, recommending companies such as Roman Co., Hongrun Construction, Zhi Te New Materials, Honglu Steel Structure, and Metro Design [2][18]. Market Performance - The construction decoration index rose by 3.62% in the last week, outperforming the overall A-share index by 2.73 percentage points. Notable performers included Guan Zhong Ecological (+96.1%), Xinjiang Jiaojian (+28.9%), and Huajian Group (+25.4%) [13][26]. Financing and Policy Support - As of October 11, 2025, special bonds had a cumulative net financing of 3.19 trillion yuan, surpassing the same period in 2022 and significantly higher than 2023 and 2024. The issuance of special bonds has reached 84% of the annual target [15][17]. - The report indicates that the government is likely to enhance domestic demand stabilization policies in response to external demand fluctuations, benefiting infrastructure and water conservancy sectors [14]. Company Dynamics - Key company updates include significant project wins for China Railway Construction and China State Construction, with total contract values of 630 billion yuan and 62.2 billion yuan, respectively [34].

中国能建今年以来股价涨12.39%，近5个交易日涨5.42%，近20日涨5.42%，近60日涨11.26%。 今年以来中国能建已经1次登上龙虎榜，最近一次登上龙虎榜为7月22日，当日龙虎榜净买入8227.93万 元；买入总计2.20亿元 ，占总成交额比27.45%；卖出总计1.38亿元 ，占总成交额比17.18%。 截至6月30日，中国能建股东户数33.50万，较上期减少2.54%；人均流通股0股，较上期增加0.00%。 2025年1月-6月，中国能建实现营业收入2120.91亿元，同比增长9.18%；归母净利润28.02亿元，同比增 长0.72%。 10月13日，中国能建盘中上涨2.02%，截至10:28，报2.53元/股，成交9.09亿元，换手率1.12%，总市值 1054.79亿元。 分红方面，中国能建A股上市后累计派现46.86亿元。近三年，累计派现37.48亿元。 资金流向方面，主力资金净流入26.23万元，特大单买入1.41亿元，占比15.56%，卖出1.11亿元，占比 12.18%；大单买入2.42亿元，占比26.66%，卖出2.73亿元，占比30.01%。 资料显示，中国能源建设股份有限公司位 ...

Group 1: Innovation in Pharmaceuticals - The State Council has introduced regulations to standardize clinical research and application of biomedical technologies, promoting innovation and ensuring medical quality and safety [1] - The innovative pharmaceutical industry is experiencing positive fundamentals, with overseas licensing amounts exceeding $66.8 billion by mid-2025, and 31% of innovative drugs introduced by international pharmaceutical companies originating from China [1] Group 2: Infrastructure Development - Seven departments, including the Ministry of Industry and Information Technology, have released a plan to enhance new information infrastructure, focusing on the integration of "5G + industrial internet" and the development of computing power infrastructure [2] - The plan aims to promote the resourceization and assetization of industrial data, and to integrate artificial intelligence technologies with service-oriented manufacturing [2] Group 3: Financial Standards - The China Securities Regulatory Commission has published three financial industry standards related to securities exchanges and asset securitization, effective immediately [3] Group 4: Housing and Urban Development - The Ministry of Housing and Urban-Rural Development is deepening reforms in the housing and real estate sectors during the 14th Five-Year Plan, aiming to establish a new model for real estate development and improve the housing supply system [4] Group 5: Healthcare Pricing Regulation - The National Healthcare Security Administration has initiated a special rectification of "dual pricing" practices in designated retail pharmacies, emphasizing the need for fair pricing for insured patients [5][6] Group 6: Cloud Computing Standards - The Ministry of Industry and Information Technology and the National Standardization Administration have issued guidelines for the construction of a comprehensive cloud computing standardization system, aiming to establish over 30 new national and industry standards by 2027 [7] Group 7: Company News - Nengke Technology plans to raise up to 1 billion yuan for the development of its AI training platform [8] - Various companies reported significant year-on-year profit increases, with notable growth from Dao Shi Technology (408.27%) and Dongyangguang (171.08% - 199.88%) [8]

这是中国能建积极"走出去"的成果。中国能建表示，公司不仅要"走出去"，还要"走进去、融进去、充 分一体化"。目前，公司业务已经覆盖140 多个国家和地区。 中国能建主要业务分为勘测设计及咨询、工程建设、工业制造、清洁能源及环保水务、投资及其他五大 板块，涵盖能源电力、水利核心主业及绿色交通、绿色建筑等多元领域，形成了完整产业链服务能力。 技术也是中国能建的核心竞争力，公司拥有能源技术、标准、集成与创新的系统技术优势。 长江商报消息 ●长江商报记者 沈右荣 约196亿元沙特大单，"国家队"中国能建（601868.SH）拿下了。 10月10日晚，中国能建发布公告，近日，公司所属子公司中能建国际建设集团有限公司（简称"中能建 国际"）与他方组成的联合体，与沙特国际电力和水务公司等成立的项目公司，签署了3份新能源总承包 工程合同，合同金额合计约27.45亿美元，折合人民币约195.54亿元。 接近200亿元的合同，如果能顺利履行，预计将对中国能建的经营业绩等产生积极影响。 近三年半，中国能建累计投资近430亿元研发，以助力公司产业转型升级。 业务覆盖全球140多个国家和地区 坚持出海战略的"四步走"路线，中国能建取得 ...