股票代码：601886 股票简称：江河集团 公告编号：临2025-024 江河创建集团股份有限公司 关于海外全资子公司签署重大工程合同的公告 本公司及董事会全体成员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、准确和完整承担个别及连带责任。 重要内容提示： 特别风险提示： 1.合同在履行过程中受国际环境等因素影响存在汇率波动的风险。 2.合同在履行过程中如遇到政策、经济、自然灾害、战争等不可预计或不可 抗力、设计方案调整等因素的影响，可能导致合同无法如期全面履行或变更履行 的风险。 该项目位于沙特阿拉伯吉达市，建成后将成为全球第一座超过1000米的高层 建筑。本次签署的合同金额为沙特里亚尔10.52亿元，约折合人民币为20.12亿元， 约占公司2024年度营业收入的8.98%，合同工期预计3年。公司承接该项目的施工 范围包含幕墙设计、幕墙产品生产供应、施工安装、测试维护等。 合同类型与金额：公司全资子公司沙特江河本次签署的幕墙分包合同金 额为沙特里亚尔10.52亿元，约折合人民币为20.12亿元。 合同工期：合同工期预计3年。 本次签署的合同已包含前期签订的该项目设计服务合同内 ...

江河集团（601886）公告，公司全资子公司沙特江河近日与SBG签订了JEDDAH TOWER幕墙工程项目 分包合同，合同金额为沙特里亚尔10.52亿元，约折合人民币20.12亿元，约占公司2024年度营业收入的 8.98%，合同工期预计3年。该项目位于沙特阿拉伯吉达市，建成后将成为全球第一座超过1000米的高 层建筑，公司承接的施工范围包括幕墙设计、产品生产供应、施工安装、测试维护等。合同已包含前期 签订的设计服务合同内容，该设计服务合同不再单独执行。 ...

Investment Rating - The report maintains a "Positive" investment rating for the construction and engineering sector [12] Core Insights - The construction sector is favored for high dividend investment opportunities, particularly in Hong Kong and A-shares [2] - Key companies highlighted include China State Construction, Sichuan Road and Bridge, and international engineering firms benefiting from the Belt and Road Initiative [2][10] - The report emphasizes the importance of stable growth and infrastructure as a cornerstone of economic development, with significant government spending planned for 2025 [9] Summary by Sections High Dividend Opportunities - The report continues to favor high dividend investment opportunities in the construction sector, particularly focusing on state-owned enterprises and local government enterprises [2] - China State Construction is identified as a top pick due to its strong fundamentals and high dividend yield [10] Performance of Hong Kong Construction Stocks - Hong Kong construction stocks have performed well, with notable increases in share prices for companies like China Communications Construction and China Railway Group [8] - The report attributes this performance to overall market strength and significant liquidity inflows [8] A-Share Recommendations - In A-shares, China State Construction is recommended for its high dividend yield and robust order growth, with new contracts expected to reach 1.4149 trillion yuan in 2024, a 21.1% increase year-on-year [10] - Sichuan Road and Bridge is highlighted for its increasing dividend payout ratio and confidence in future growth [10] International Engineering Opportunities - The report emphasizes the potential of international engineering firms, particularly those involved in the Belt and Road Initiative, with companies like China Steel International and China National Materials recommended for their high dividend yields [10] Market Outlook - The outlook for 2025 remains positive, with infrastructure investment expected to benefit from government policies and increased fiscal spending [9][10] - The report notes that the construction sector is positioned to capitalize on these trends, making it an attractive investment area [9]

股票代码：601886 股票简称：江河集团 公告编号：临2025-023 江河创建集团股份有限公司 关于实际控制人股份质押续期及大股东股份解除质押的公告 本公司及董事会全体成员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、准确和完整承担个别及连带责任。 重要内容提示: 公司近日接到实际控制人刘载望先生与浙商证券股份有限公司（下称"浙商证 券"）办理部分股份质押续期业务及大股东江河源分别与上海徐汇大众小额贷款股 份有限公司（下称"徐汇大众"）、上海嘉定大众小额贷款股份有限公司（下称"嘉 定大众"）办理股份解除质押业务的通知，具体情况如下： 1 江河创建集团股份有限公司（下称"公司"）实际控制人刘载望先生持有公司 股份约 28,930.79 万股，约占公司总股本的 25.53%。截至本公告披露日,其持 有公司股份已累计质押 14,463 万股（含本次），已累计质押数量占其所持公 司股份总数的 49.99%，占公司总股本的 12.77%。 北京江河源控股有限公司（下称"江河源"或"大股东"）持有公司股份约 31,564.52 万股，占公司总股本的 27.86%，为公司第一大股东。截至 ...

金融界5月16日消息，江河集团公告称，公司实际控制人刘载望先生持有公司股份约 28,930.79 万股，约 占公司总股本的 25.53%。截至本公告披露日，其持有公司股份已累计质押 14,463 万股，已累计质押数 量占其所持公司股份总数的 49.99%，占公司总股本的 12.77%。近日，刘载望先生与中原信托办理了股 份质押融资业务，质押股份 4,633 万股，用途为借与其控制的江河源补充流动资金。刘载望先生此前于 2024 年 5 月 14 日与浙商金汇办理的股份质押融资业务，近日已归还融资款并解除对应质押股份 4,360 万股。截至公告披露日，刘载望先生及其一致行动人江河源累计质押股份情况为，刘载望持股 28,930.79 万股，持股比例 25.53%，本次业务办理前累计质押数量 14,190 万股，办理后累计质押数量 14,463 万股，占其所持股份比例 49.99%，占公司总股本比例 12.77%。江河源持股 31,564.52 万股，持 股比例 27.86%，办理前累计质押数量 15,020 万股，办理后累计质押数量 15,020 万股，占其所持股份比 例 47.59%，占公司总股本比例 13.2 ...

股票代码：601886 股票简称：江河集团 公告编号：临2025-022 江河创建集团股份有限公司 关于实际控制人进行部分股份质押及解质押公告 本公司及董事会全体成员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、准确和完整承担个别及连带责任。 重要内容提示: 江河创建集团股份有限公司（下称"公司"）实际控制人刘载望先生持有公 司股份约 28,930.79 万股，约占公司总股本的 25.53%，截至本公告披露日,其持有 公司股份已累计质押 14,463 万股（含本次质押、解押股份数量），已累计质押数量 占其所持公司股份总数的 49.99%，占公司总股本的 12.77%。 公司近日接到实际控制人刘载望先生办理部分股份质押融资及部分股份解质押 的通知，具体情况如下： 1. 本次部分股份质押情况 近日，刘载望先生与中原信托股份有限公司（下称"中原信托"）办理了股份 质押融资业务，具体情况如下： | 是否为 | 本次质押 | 占其所 | 占公司 | 质押融 | 是否为 | 是否补 | 质押起 | 质押到 | 股东 | 控股股 | 股数 | 质权人 | 持股份 | 总股本 | 资资金 | ...

Investment Rating - The report maintains a "Positive" investment rating for the construction and engineering sector [13] Core Viewpoints - The report emphasizes the high dividend investment opportunities in the construction sector, particularly focusing on state-owned enterprises, local state-owned enterprises, international engineering firms, and quality private enterprises [2][8] Summary by Relevant Sections Central State-Owned Enterprises - The report highlights China State Construction as a top pick due to its complete qualifications and stable operations, benefiting from steady growth. The company plans to increase its dividend payout ratio from around 20% to over 24%, with a projected new contract amount of 1,414.9 billion yuan for 2024, representing a year-on-year growth of 21.1% [8][9] - Other notable mentions include China Communications Construction and China Railway Construction, with dividend yields of over 5% and 6% respectively [8] Local State-Owned Enterprises - Sichuan Road and Bridge is identified as a key player, with a projected dividend yield of around 6% for 2025. The company plans to repurchase shares worth 100-200 million yuan, reflecting confidence in future growth [8][9] - Other local state-owned enterprises with attractive valuations and high dividend yields include Anhui Construction and Tunnel Engineering [8] International Engineering - The report stresses the investment opportunities presented by the "Belt and Road" initiative, recommending companies like China Steel International and China National Materials, which have high overseas order growth and dividend yields around 5% [8][10] Quality Private Enterprises - Jianghe Group is highlighted for its robust fundamentals and high dividend payout ratio, with a projected payout exceeding 95% for 2024. The company has expanded its overseas business significantly, with new orders growing by 57% year-on-year [8][11]

Investment Rating - The investment rating for the company is "Buy" and is maintained [7]. Core Views - In Q1 2025, the company achieved operating revenue of 4.203 billion yuan, a year-on-year increase of 2.87%. The net profit attributable to shareholders was 144 million yuan, a decrease of 20.53% year-on-year, while the net profit after deducting non-recurring items was 179 million yuan, an increase of 1.46% year-on-year [2][4]. Summary by Sections Financial Performance - The company reported a slight increase in revenue and a small growth in net profit after deducting non-recurring items. The Q1 gross margin was 15.03%, down 0.75 percentage points year-on-year, while the expense ratio improved to 11.49%, down 0.21 percentage points year-on-year [9]. - The operating cash flow showed a net outflow of 1.084 billion yuan in Q1, which was an increase in outflow by 116 million yuan year-on-year. The asset-liability ratio decreased by 0.22 percentage points to 67.94% [9]. Business Segments - The company's architectural decoration segment saw a mixed performance in Q1, with a total bid amount of approximately 5.212 billion yuan, a year-on-year increase of 0.44%. The curtain wall and photovoltaic building business bid amount was about 3.186 billion yuan, up 5.11% year-on-year, while the indoor decoration and design business saw a decline of 6.12% [9]. - The company has accelerated its overseas orders, with new orders in 2024 reaching 7.63 billion yuan, a year-on-year increase of 57%, accounting for 28% of total orders [9]. Future Outlook - The company plans to maintain a high dividend payout ratio, with a cash dividend of 1.5 yuan per 10 shares (including tax) planned for mid-2024, totaling 170 million yuan [9]. - The management emphasizes market value management and aims to enhance shareholder returns through dividends [9].

Core Viewpoint - Jianghe Group reported a slight increase in its construction decoration segment's bidding amount for Q1 2025, indicating stable performance despite mixed results across different business areas [6]. Financial Data - The total bidding amount for the construction decoration segment in Q1 2025 was approximately RMB 5.212 billion, representing a year-on-year growth of 0.44% [6]. - The bidding amount for the curtain wall and photovoltaic building business was about RMB 3.186 billion, showing a year-on-year increase of 5.11% [6]. - The indoor decoration and design business saw a bidding amount of approximately RMB 2.026 billion, which reflects a year-on-year decline of 6.12% [6]. Project Information - There were no major projects signed but not yet executed during Q1 2025 [6].

股票代码：601886 股票简称：江河集团 公告编号：临2025-021 江河创建集团股份有限公司 关于 2025 年第一季度主要经营数据的公告 上述数据为阶段性统计数据，仅供投资者参考,敬请投资者注意投资风险。 特此公告。 江河创建集团股份有限公司 董事会 本公司及董事会全体成员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、准确和完整承担个别及连带责任。 2025 年 4 月 29 日 江河创建集团股份有限公司(下称"公司")建筑装饰板块 2025 年第一季度 累计中标金额约为人民币 52.12 亿元,同比增长 0.44%，其中幕墙与光伏建筑业 务中标额约 31.86 亿元，同比增长 5.11%,室内装饰与设计业务中标额约 20.26 亿元，同比下降 6.12%。 公司建筑装饰板块 2025 年第一季度中标金额及数量如下表所示： | 业务分类 | | 2025 年 | 1-3 月 | | | --- | --- | --- | --- | --- | | | 中标额 | 中标额同比 | 中标数量 | 中标数量同比 | | | （亿元） | 涨跌幅（%） | （个） | 涨幅（ ...