丨证券研究报告丨 行业研究丨行业周报丨建筑与工程 [Table_Title] 市场高低切，建筑买什么 报告要点 [Table_Summary] 建筑板块具备估值低、机构持仓少、市值容量大、优质标的展望稳健等核心特性。市场高低切， 建筑行业优选 4 大方向：1）三季报业绩好，具备更强短期业绩确定性。2）股息率高，具备更 强的持股安全垫。3）长期成长性强。4）绝对估值低的大市值权重标的。 分析师及联系人 [Table_Author] SAC：S0490520080022 SAC：S0490522060005 SAC：S0490525070008 SAC：S0490525080003 SFC：BUT917 张弛 张智杰 袁志芃 龚子逸 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 建筑与工程 cjzqdt11111 [Table_Title2] 市场高低切，建筑买什么 [Table_Summary2] 建筑板块具备估值低、机构持仓少、市值容量大、优质标的展望稳健等核心特性： 1）估值低：截至本周五收盘，长江三级行业指数中，长江建筑指数的 PE 为 12.83，全行业 ...

Investment Rating - Industry Rating: Outperform the market (maintained rating) [5] Core Viewpoints - The construction index rose by 1.53% this week, outperforming the broader market by 0.21 percentage points, with sectors like clean rooms and chemical engineering showing strong performance [1][4] - High demand in the semiconductor-related clean room sector and the chemical engineering industry chain is recommended for investment, particularly in regions like Xinjiang and Tibet where infrastructure growth is expected [1][3] - The clean room sector shows a high level of order backlog, with significant contracts signed by companies like Yaxiang Integration and Shenghui Integration, indicating robust future performance [2][13] - The coal chemical investment landscape is promising, with projected investments exceeding 1 trillion yuan nationally, driven by green energy initiatives and the International Maritime Organization's net-zero emissions framework [3][16][20] - Anticipated infrastructure stimulus in the fourth quarter is expected to benefit the construction sector, with a focus on major transportation projects and regional opportunities in high-growth areas [22][25] Summary by Sections 1. Industry Investment Opportunities - Focus on the high-demand semiconductor clean room sector, with Yaxiang Integration reporting an order backlog of 6.105 billion yuan and a significant improvement in gross margins [2][13] - The coal chemical sector is projected to see investments of nearly 500 billion yuan in Xinjiang alone, with a national total exceeding 1 trillion yuan, indicating a strong growth trajectory [3][19] - The fourth quarter is expected to see increased infrastructure spending, with special bonds and long-term treasury bonds being issued at a rapid pace, enhancing investment in construction [22][23] 2. Market Performance Review - The construction index's performance this week reflects a positive trend, with notable gains in individual stocks such as Hainan Development (+27%) and Chongqing Construction (+25%) [4][29] - The clean room engineering sector is highlighted for its low valuation compared to peers, making it an attractive investment opportunity [14][15] 3. Investment Recommendations - Emphasis on infrastructure projects in regions with high growth potential, particularly in water conservancy, railways, and aviation, with specific recommendations for companies like Sichuan Road and Bridge and China Communications Construction [36][37] - Attention to the nuclear power sector and emerging business directions, with recommendations for companies like Libat and China Nuclear Engineering [38] - The clean room sector is expected to benefit from domestic substitution trends and the demand for new display panel production lines, with a focus on companies like Baicheng Co. and Shenghui Integration [38]

Group 1 - The stock of Shenghui Integration (603163) fell by 7.64% today, with a turnover rate of 6.22% and a trading volume of 296 million yuan, showing a fluctuation of 9.17% [1] - Institutional investors net sold 29.56 million yuan, while the total net selling by brokerage seats amounted to 27.78 million yuan [1][2] - The stock was listed on the Shanghai Stock Exchange's watch list due to a daily decline deviation of -7.39%, with the top five brokerage seats collectively trading 94.26 million yuan, where buying amounted to 18.46 million yuan and selling reached 75.80 million yuan, resulting in a net selling of 57.34 million yuan [2] Group 2 - Over the past six months, the stock has appeared on the watch list eight times, with an average price drop of 0.66% the day after being listed and an average increase of 3.08% in the following five days [3] - Today, the stock experienced a net outflow of 22.35 million yuan in main funds, with large orders showing a net outflow of 11.14 million yuan and 11.21 million yuan respectively. However, in the last five days, there was a net inflow of 67.61 million yuan [3] - The company's third-quarter report revealed that for the first three quarters, it achieved a revenue of 2.116 billion yuan, representing a year-on-year growth of 46.29%, and a net profit of 95.65 million yuan, up 29.09% year-on-year [3]

证券代码：603163 证券简称：圣晖集成 公告编号：2025-059 圣晖系统集成集团股份有限公司 2025年第二次临时股东会决议公告 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： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东会召开的时间：2025 年 11 月 7 日 (二)股东会召开的地点：圣晖系统集成集团股份有限公司会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 172 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 74,755,826 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 74.7558 | (四)表决方式是否符合《公司法》及《公司章程》的规定，股东会主持情况等。 本次会议由公司董事会召集，以现场投票与网络投票相结合的方式召开，董 事长梁进利先生主持会议，以记名投票方式表决，会议的召集、召开符合《公司 法》、《 ...

上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于圣晖系统集成集团股份有限公司 2025 年第二次临时股东会之 法律意见书 地址：上海市浦东新区银城中路 501 号上海中心大厦 11/12 层 电话：021-20511000 传真：021-20511999 邮编：200120 上海·杭州·北京·深圳·苏州·南京·重庆·成都·太原·香港·青岛·厦门·天津·济南·合肥·郑州·福州·南昌·西安·广州·长春·武汉·乌鲁木齐 地 址: 上海市浦东新区银城中路 501 号上海中心大厦 11/12 层，邮编:200120 电 话: （86）21-20511000；传真：（86）21-20511999 网 址: http://www.allbrightlaw.com/ 上海市锦天城律师事务所 法律意见书 上海市锦天城律师事务所 关于圣晖系统集成集团股份有限公司 2025 年第二次临时股东会之 法律意见书 致：圣晖系统集成集团股份有限公司 上海市锦天城律师事务所（以下简称"本所"）接受圣晖系统集成集团股份 有限公司（以下简称"公司"或"圣晖集成"）的委托，就公司召开 2025 年第 二次临时股东会（以下简称"本次 ...

证券之星消息，11月6日专业工程板块较上一交易日上涨0.77%，时空科技领涨。当日上证指数报收于 4007.76，上涨0.97%。深证成指报收于13452.42，上涨1.73%。专业工程板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 605178 | 时空科技 | 76.00 | 5.56% | 22.73万 | | 16.87亿 | | 603929 | 亚翔集成 | 53.00 | 5.26% | 8.15万 | | 4.27 Z | | 605598 | 加坡奥士 | 33.02 | 4.10% | 12.15万 | | 3.93亿 | | 603163 | 圣晖集成 | 51.17 | 3.62% | 5.61万 | | 2.85亿 | | 601068 | 中铝国际 | 5.54 | 3.55% | 46.25万 | | 2.54亿 | | 000065 | 北方国际 | 11.42 | 3.16% | 35.62万 | | 4.04亿 | | 3 ...

11月6日，圣晖集成涨5.08%，截至发稿，报51.89元/股，成交2.17亿元，换手率4.28%，总市值51.89亿 元。 资料显示，圣晖系统集成集团股份有限公司位于江苏省苏州高新区浒墅关经济开发区石林路189号，成 立日期2003年9月3日，上市日期2022年10月13日，公司主营业务涉及公司主要从事IC半导体、光电等高 科技产业的洁净室工程服务业务。主营业务收入构成为：洁净室工程64.36%，其他机电安装工程 31.78%，设备销售3.74%，其他(补充)0.11%。 截至发稿，廖晓东累计任职时间5年177天，现任基金资产总规模2245.5万元，任职期间最佳基金回 报-24.14%， 任职期间最差基金回报-66.33%。 张晓磊累计任职时间6年327天，现任基金资产总规模2245.5万元，任职期间最佳基金回报80.09%， 任 职期间最差基金回报-25.18%。 龚勇进累计任职时间1年218天，现任基金资产总规模1166.65万元，任职期间最佳基金回报10.07%， 任 职期间最差基金回报10.07%。 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 ...

证券日报网讯 11月5日晚间，圣晖集成发布公告称，截至本公告披露日，公司无逾期担保。 （文章来源：证券日报） ...

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： 证券代码：603163 证券简称：圣晖集成 公告编号：2025-058 圣晖系统集成集团股份有限公司 关于为控股子公司提供担保的进展公告 | | | | | | 被担保人名称 | Sheng Technology | Huei | Company Limited（以 | Engineering | | --- | --- | --- | --- | --- | --- | --- | | | | | 下简称"越南圣晖"） | | | | | 担 | 保 对 | 本次担保金额 | 27,712.82 | | 万元 | | | 象 | | 实际为其提供的担保余额 | 82,479.05 | | 万元 | | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | | 累计担保情况 | 对外担保逾期的累计金额（万元） 0 | | | --- ...

Market Overview - The professional engineering sector experienced a decline of 0.48% on November 4, with Shanghai Port leading the drop [1] - The Shanghai Composite Index closed at 3960.19, down 0.41%, while the Shenzhen Component Index closed at 13175.22, down 1.71% [1] Stock Performance - Notable gainers in the professional engineering sector included: - Yaxiang Integration (603929) with a closing price of 50.30, up 7.69% and a trading volume of 159,900 shares [1] - Yongfu Co., Ltd. (300712) closed at 29.12, up 5.78% with a trading volume of 231,300 shares [1] - Shikong Technology (605178) closed at 66.49, up 4.13% with a trading volume of 208,300 shares [1] - Other stocks with positive performance included: - Rishang Group (002593) up 2.27% [1] - Huadian Technology (601226) up 1.34% [1] Decliners - Major decliners included: - Fei Gui Yu Shan (605598) down 3.13% with a trading volume of 91,600 shares [2] - Honglu Steel Structure (002541) down 3.10% with a trading volume of 66,100 shares [2] - Shenghui Integration (603163) down 2.46% with a trading volume of 70,300 shares [2] Capital Flow - The professional engineering sector saw a net outflow of 395 million yuan from institutional investors, while retail investors contributed a net inflow of 310 million yuan [2][3] - Notable capital flows included: - Yongfu Co., Ltd. (300712) with a net inflow of 71.39 million yuan from institutional investors [3] - Rishang Group (002593) with a net inflow of 26.38 million yuan from institutional investors [3] - Shikong Technology (603098) with a net inflow of 15.01 million yuan from institutional investors [3]