| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 002163 | 海南发展 | 20.75 | -3.31% | 192.92万 | 39.90 Z | | 002989 | 中天精装 | 30.00 | -2.38% | 5.84万 | - 1.76亿 | | 002963 | 豪尔赛 | 14.54 | -1.29% | 5.03万 | 7425.93万 | | 300506 | *ST名家 | 4.19 | -1.18% | 7.61万 | 3185.36万 | | 002822 | *ST中装 | 3.86 | -1.03% | 16.86万 | 6492.86万 | | 002789 | *ST建艺 | 10.47 | -0.76% | 7.35万 | 7747.07万 | | 600234 | 科新发展 | 12.80 | -0.70% | 3.50万 | 4524.41万 | | 002830 | 名雕股份 | 19.30 | -0.62% | 3.62万 | 7021.42万 | ...

1月6日，江河集团涨5.4%，截至发稿，报8.59元/股，成交2202.16万元，换手率0.23%，总市值97.32亿 元。 资料显示，江河创建集团股份有限公司位于北京市顺义区牛汇北五街5号，成立日期1999年2月4日，上 市日期2011年8月18日，公司主营业务涉及提供绿色建筑系统和高品质医疗健康服务。主营业务收入构 成为：建筑装饰服务93.82%，医疗健康服务6.18%。 博时主题行业混合（160505）基金经理为石炯。 截至发稿，石炯累计任职时间5年184天，现任基金资产总规模62.03亿元，任职期间最佳基金回报 39.83%， 任职期间最差基金回报-25.84%。 风险提示：市场有风险，投资需谨慎。本文为AI大模型自动发布，任何在本文出现的信息（包括但不 限于个股、评论、预测、图表、指标、理论、任何形式的表述等）均只作为参考，不构成个人投资建 议。 责任编辑：小浪快报 从江河集团十大流通股东角度 数据显示，博时基金旗下1只基金位居江河集团十大流通股东。博时主题行业混合（160505）三季度新 进十大流通股东，持有股数807.24万股，占流通股的比例为0.71%。根据测算，今日浮盈赚取约355.19 万 ...

Core Viewpoint - The construction industry is expected to experience a shift in investment dynamics due to policy stimuli and emerging themes, with private enterprises showing significant returns compared to state-owned and central enterprises [1][2]. Group 1: Market Performance - As of November 30, 2025, the SW Construction Decoration Index increased by 8.88%, while the CSI 300 Index rose by 18.19%, indicating that the overall performance of the construction sector lagged behind the broader market [2]. - Private enterprises achieved a return of 35.6%, while local state-owned enterprises had a return of 14.96%, closely aligning with the CSI 300 Index. In contrast, central state-owned enterprises faced a significant decline with a return of -4.51% [2]. Group 2: Future Investment Outlook - The first year of the 14th Five-Year Plan is anticipated to open an investment uptrend, as historical patterns suggest that the initial years of a five-year plan typically see heightened investment intensity [2]. - Major planning and project packages are expected to be implemented in 2026, potentially leading to a new cycle characterized by "high initial growth followed by stabilization" [2]. Group 3: Value Investment Themes - Three main value investment themes are identified: 1. Key projects such as the Pinglu/Zhejiang-Jiangxi-Guangdong Canal (total investment approximately 621.1 billion), the Tibet Railway (expected total investment over 700 billion), and the Yaxi Hydropower Project (total investment around 1.2 trillion) are projected to generate long-term orders [3]. 2. High dividend yields are emphasized as regulatory measures strengthen dividend constraints, enhancing the investment appeal of low-valuation, high-dividend construction firms [3]. 3. Growth transformation opportunities in new sectors like clean rooms, AI computing infrastructure, and low-altitude economy are expected to surge, with cash-rich private enterprises likely to pursue mergers and acquisitions for rapid entry [3]. Group 4: Stock Recommendations - Specific stocks to watch include Sichuan Road and Bridge (600039), Jianghe Group (601886), Honglu Steel Structure (002541), Jinggong Steel Structure (600496), and Pudong Construction (600284) [3].

Group 1 - The overall performance of the construction sector in 2025 was weaker than the CSI 300 index, with the SW construction decoration index increasing by 8.88% compared to the CSI 300's 18.19% [4][7] - Private enterprises in the construction sector showed significant advantages, achieving a return rate of 35.6%, while state-owned enterprises faced pressure with a return rate of -4.51% [4][7] - The report anticipates that the "14th Five-Year Plan" will open an investment upturn, with major projects expected to be launched in 2026, leading to a new cycle of investment growth [4][24] Group 2 - The report identifies three main value lines for future investment: major engineering projects, high dividends, and growth transformation [4][32] - Major engineering projects include significant investments in waterway construction, the Tibet railway, and hydropower projects, with total investments estimated at approximately 6,211 billion yuan for waterway projects alone [4][36][39] - The report suggests focusing on companies with high dividend yields and low valuations, as regulatory measures are enhancing the importance of shareholder returns [4][49] Group 3 - The construction sector is expected to benefit from the AI investment wave, with the cleanroom market projected to grow significantly due to increased demand from the semiconductor industry [4][55] - The cleanroom investment is estimated to account for 10-20% of the total capital expenditure in the semiconductor industry, indicating a strong growth potential in this area [4][55] - Companies such as Deep Sanda A, Yaxin Integration, and others are recommended for investment due to their involvement in the cleanroom sector [4][61]

证券日报网讯12月30日，江河集团（601886）在互动平台回答投资者提问时表示，公司中标的海外业务 正按合同约定正常推进，具体请留意公司披露的定期报告。 ...

每经AI快讯，12月30日，江河集团（601886）在互动平台表示，塔斯克机器人是公司旗下参股基金所 投资的项目，并非公司直接进行的投资，公司与其不存在直接业务往来。目前公司没有直接扩大对其的 投资规模计划。 ...

江河集团（601886.SH）12月30日在投资者互动平台表示，塔斯克机器人是公司旗下参股基金所投资的 项目，并非公司直接进行的投资，公司与其不存在直接业务往来。目前公司没有直接扩大对其的投资规 模计划。请广大投资者注意投资风险。 （文章来源：每日经济新闻） 每经AI快讯，有投资者在投资者互动平台提问：公司通过旗下苏州相城海易合达投资企业投资的塔斯 克机器人公司短短几年就从营收百万达到营收几个亿的规模！请问公司准备加大对这个公司投资吗？ 公司和塔斯克机器人公司有业务往来没有？ ...

Group 1 - Jianghe Group's stock increased by 0.25% on December 29, with a trading volume of 21.08 million yuan. The net financing purchase on that day was 21.82 million yuan, with a total financing and securities balance of 97.07 million yuan [1] - The financing balance of Jianghe Group is 96.51 million yuan, accounting for 1.07% of the circulating market value, which is below the 10th percentile level over the past year, indicating a low position [1] - The short selling data shows that Jianghe Group repaid 900 shares on December 29, with a short selling balance of 55.91 million yuan, which exceeds the 90th percentile level over the past year, indicating a high position [1] Group 2 - As of October 31, Jianghe Group had 17,700 shareholders, a decrease of 1.87% from the previous period, with an average of 63,845 circulating shares per person, an increase of 1.91% [2] - For the period from January to September 2025, Jianghe Group reported a revenue of 14.55 billion yuan, a year-on-year decrease of 5.63%, while the net profit attributable to shareholders increased by 5.67% to 458 million yuan [2] - Jianghe Group has distributed a total of 3.308 billion yuan in dividends since its A-share listing, with 1.042 billion yuan distributed in the last three years [2]

Investment Rating - The investment rating for the construction and decoration industry is "Positive" (maintained) [2] Core Views - The report emphasizes that the construction sector is expected to experience a "spring surge" as the "14th Five-Year Plan" approaches its start, with significant government support and infrastructure investment anticipated [3][4][10] - The report highlights that the investment pace in the early stages of the "14th Five-Year Plan" is likely to follow historical patterns, with a concentration of project launches and higher investment growth expected [4][10] - The construction sector is advised to focus on three core investment themes for 2026: major national projects, high-dividend state-owned enterprises, and private construction companies leveraging cash flow for new opportunities [5][19] Summary by Sections Policy Developments - The government is actively releasing positive signals regarding the "14th Five-Year Plan," focusing on high-quality development and major infrastructure projects [3][20] - The National Housing and Urban-Rural Development Conference has emphasized stabilizing the real estate market and accelerating the renovation of old urban areas [3][20] Market Performance - The report notes that the construction and decoration index rose by 2.26% during the week, with significant gains in sectors such as decoration and specialized engineering [6] - A total of 101 stocks in the construction sector saw price increases, with notable performers including Hainan Development (+56.46%) and Shanghai Bay (+44.35%) [6] Future Outlook - The report anticipates that the construction sector will see a resurgence in investment activity, particularly in traditional infrastructure such as railways and highways, as well as new infrastructure projects [4][10][14] - The focus on water conservancy and transportation infrastructure is expected to increase, with several provinces already initiating planning for these projects [13][14] - The report suggests that the construction sector will benefit from a shift towards new infrastructure and low-altitude economy projects, which are gaining traction in local planning [14][19]

Investment Rating - The investment rating for the construction and decoration industry is "Positive" (maintained) [2] Core Insights - The report emphasizes the upcoming "spring excitement" in the construction sector as the "14th Five-Year Plan" approaches its start, with a historical pattern of infrastructure investment showing a tendency for higher growth in the early stages of five-year plans [4][10] - The report highlights that the current infrastructure investment is still at a low level, but anticipates an increase in investment pace as the "15th Five-Year Plan" begins, which is expected to support the construction sector's performance in 2026 [4][10] - Key areas of focus for investment include major national projects such as the canal system, Tibet railway, and new energy infrastructure, which are expected to generate long-term order demand [19] Summary by Sections Policy Developments - The report notes that the government is actively releasing positive signals regarding the "15th Five-Year Plan," with a focus on high-quality development and major infrastructure projects [3][20] - The central government has emphasized the importance of stabilizing the real estate market and accelerating the renovation of old urban areas, with significant progress already reported in various provinces [3][21] Market Performance - The report indicates that the construction and decoration index has shown positive performance, with a 2.26% increase, and highlights the top-performing stocks in the sector [6] Future Outlook - The report identifies three core investment themes for the construction sector in 2026: 1. Major national projects that will continue to drive long-term demand [19] 2. High-dividend, low-valuation state-owned construction enterprises that are expected to gain value [19] 3. Private construction companies leveraging cash flow and flexibility to enter new markets such as clean rooms and AI infrastructure [19]