Market Overview - The infrastructure sector increased by 1.1% on November 28, with Jiaojian Co. leading the gains [1] - The Shanghai Composite Index closed at 3888.6, up 0.34%, while the Shenzhen Component Index closed at 12984.08, up 0.85% [1] Key Stocks Performance - Jiaojian Co. (603815) closed at 12.16, up 10.05% with a trading volume of 200,200 shares and a transaction value of 2.35 billion [1] - Garden Co. (605303) closed at 23.16, up 10.02% with a trading volume of 100,900 shares and a transaction value of 224 million [1] - Guosheng Technology (603778) closed at 11.59, up 9.96% with a trading volume of 1,131,500 shares and a transaction value of 12.80 billion [1] - Beixin Road and Bridge (002307) closed at 5.86, up 9.94% with a trading volume of 1,927,200 shares and a transaction value of 206 million [1] - Other notable performers include Guanzhong Ecological (300948) up 7.19% and Hongrun Construction (002062) up 6.07% [1] Capital Flow Analysis - The infrastructure sector saw a net inflow of 72.28 million from institutional investors, while retail investors contributed a net inflow of 132 million [2] - Speculative funds experienced a net outflow of 204 million [2] Individual Stock Capital Flow - Beixin Road and Bridge (002307) had a net inflow of 1.48 billion from institutional investors, but saw outflows from speculative and retail investors [3] - Hongrun Construction (002062) recorded a net inflow of 76.68 million from institutional investors, with outflows from speculative and retail investors [3] - Jiaojian Co. (603815) had a net inflow of 36.54 million from institutional investors, while speculative and retail investors withdrew funds [3] - Garden Co. (605303) also experienced a net inflow from institutional investors but faced outflows from other investor types [3]

Meeting Overview - The third temporary shareholders' meeting of Huitong Construction Group Co., Ltd. was held on November 18, 2025, at the company's conference room [2][3] - The meeting was legally convened and conducted in accordance with relevant laws and regulations [2][7] Attendance - All 8 current directors and 3 supervisors attended the meeting, along with the board secretary and other senior management [3] Resolutions Passed - The proposal to abolish the supervisory board and amend the Articles of Association was approved [4] - Multiple governance system amendments were approved, including revisions to the rules for shareholders' meetings, board meetings, independent directors' work system, external guarantee management, related party transaction management, cumulative voting system, convertible bondholders' meeting rules, and the selection of accounting firms [5] Voting Details - The meeting utilized a combination of on-site and online voting methods, and all resolutions were passed with the required majority [2][6] Legal Verification - The meeting was witnessed by Beijing DeHeng Law Firm, which confirmed that the meeting's procedures and resolutions complied with legal requirements [7] Director Resignation and Election - Non-independent director Wu Yueming submitted a resignation report due to internal work adjustments, effective immediately [10][11] - Wu Yueming was subsequently elected as the employee representative director during the first employee representative meeting held on November 18, 2025 [12] Committee Elections - Wu Yueming was also elected as a member of the Strategic Planning Committee, with the committee's composition remaining unchanged after the election [12]

Core Viewpoint - Huitong Group (603176) announced the election of Mr. Wu Yueming as the employee representative director of the company's second board of directors [1] Summary by Category - Company Announcement - Huitong Group has officially elected Mr. Wu Yueming to serve as the employee representative director on its second board of directors [1]

证券代码：603176 证券简称：汇通集团 公告编号：2025-090 转债代码:113665 转债简称:汇通转债 汇通建设集团股份有限公司 一、董事离任情况 (一)提前离任的基本情况 姓名 离任职务 离任时间 原定任期到 期日 离任原因 是否继续在上 市公司及其控 股子公司任职 具体职务 （如适用） 是否存在 未履行完 毕的公开 承诺 吴玥明 非独立董 事 2025 年 11 月 18 日 2026 年 5 月 15 日 公司内部 工作调整 是 职工代表 董事、董事 会秘书 是 (二)离任对公司的影响 公司董事会于 2025 年 11 月 18 日收到非独立董事吴玥明先生提 交的书面辞职报告。因公司内部工作调整，吴玥明先生申请辞去公司 第二届董事会非独立董事及董事会战略规划委员会委员职务。该辞职 报告自送达公司董事会之日起正式生效，除辞任非独立董事及专门委 员会委员职务外，吴玥明先生在公司担任的其他职务不变。 本次非独立董事离任是对公司董事会成员结构做出的正常调整， 吴玥明先生的离任不会导致公司董事会成员低于法定最低人数，不会 影响公司董事会运作和公司的正常经营。吴玥明先生将继续履行公开 承诺，具体承诺事项 ...

2025 年第三次临时股东大会的 法律意见 北京德恒律师事务所 关于汇通建设集团股份有限公司 北京市西城区金融街 19 号富凯大厦 B 座 12 层 电话:010-52682888 传真:010-52682999 邮编:100033 北京德恒律师事务所 关于汇通建设集团股份有限公司 2025 年第三次临时股东大会的法律意见 北京德恒律师事务所 关于汇通建设集团股份有限公司 2025 年第三次临时股东大会的 法律意见 德恒 01G20250026-04 号 致：汇通建设集团股份有限公司 汇通建设集团股份有限公司（以下简称"公司"）2025 年第三次临时股东 大会（以下简称"本次会议"）于 2025 年 11 月 18 日（星期二）召开。北京德 恒律师事务所（以下简称"德恒"）受公司委托，指派律师出席了本次会议。根 据《中华人民共和国公司法》（以下简称"《公司法》"）、《中华人民共和国 证券法》（以下简称"《证券法》"）、中国证券监督管理委员会《上市公司股 东会规则》（以下简称"《股东会规则》"）、《汇通建设集团股份有限公司章 程》（以下简称"《公司章程》"）的规定，德恒律师就本次会议的召集、召开 程序、现场出席 ...

证券代码：603176 证券简称：汇通集团 公告编号：2025-089 转债代码: 113665 转债简称: 汇通转债 汇通建设集团股份有限公司 2025年第三次临时股东大会决议公告 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) 股东大会召开的时间：2025 年 11 月 18 日 (二) 股东大会召开的地点：高碑店市世纪东路 69 号汇通建设集 团股份有限公司 2 楼会议室 (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 | 122 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 323,429,093 | | 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 | 68.0564 | | 数的比例（%） | | (四) 表决方式是否符合《公司法》及《公司章程》的规定，大会 主持情况等。 本次会议由公司董事会召集，董事长张忠强主持。会议采用现 ...

东方金诚国际信用评估有限公司关于汇通建设集团股份有限公司 2025 年前三季度业绩下滑及董事人员变更的关注公告 1 东方金诚公告【2025】0454 号 东方金诚国际信用评估有限公司（以下简称"东方金诚"）受托对汇通建设集团股份有限公司（以 下简称"汇通集团"或"公司"）及其发行的汇通建设集团股份有限公司公开发行可转换公司债券（以 下简称"汇通转债"）进行了信用评级。2025 年 6 月 4 日，东方金诚对汇通集团主体及"汇通转债" 进行了定期跟踪评级，维持汇通集团主体信用等级为 AA-，评级展望稳定，维持"汇通转债"信用 等级为 AA-，评级结果在受评债项的存续期内有效。 东方金诚关注到，2025 年 10 月 30 日，公司发布《汇通建设集团股份有限公司 2025 年第三季 度报告》披露，公司 2025 年前三季度营业收入 14.08 亿元，同比减少 42.31%，归属上市公司股东 的净利润-0.30 亿元，同比减少 143.73%。 同日，公司发布《汇通建设集团股份有限公司关于董事辞职暨补选非独立董事并调整部分董事 会专门委员会人员组成的公告》披露，（1）非独立董事张忠山先生、张中奎先生，独立董事张鹏先 ...

证券代码：603176 证券简称：汇通集团 公告编号：2025-088 债券代码：113665 债券简称：汇通转债 汇通建设集团股份有限公司 关于2025年第三季度业绩说明会召开情况的公告 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。 汇通建设集团股份有限公司（以下简称"公司"）于2025年11 月13日下午14:00-15:00在上海证券交易所上证路演中心（http://roadsh ow.sseinfo.com/）以网络互动的方式召开"公司2025年第三季度业绩 说明会"。关于本次说明会的召开事项，公司已于2025年10月30日在 《上海证券报》及上海证券交易所网站上披露了《汇通建设集团股份 有限公司关于召开2025年第三季度业绩说明会的公告》（公告编号： 2025-083）。现将有关事项公告如下： 一、本次说明会召开情况 2025年11月13日下午14:00-15:00，公司在上海证券交易所上证路 演中心召开2025年第三季度业绩说明会，公司董事长张忠强先生，独 立董事沈延红女士，董事、总经理赵亚尊先生，董事、董事会 ...

Core Viewpoint - 汇通集团 is a construction company in China, involved in various sectors including highway, municipal, and building engineering, with a full industry chain service capability [1] Group 1: Business Performance - In Q3 2025, 汇通集团 reported revenue of 1.408 billion yuan, ranking 19th out of 23 in the industry, with the top two competitors being China Railway with 773.814 billion yuan and China Communications Construction with 728.403 billion yuan [2] - The main business composition includes construction contracts at 944 million yuan, accounting for 90.76%, and infrastructure operations at 61.265 million yuan, accounting for 5.89% [2] - The net profit for Q3 2025 was -29.8811 million yuan, ranking 21st out of 23, with the industry leaders reporting net profits of 19.218 billion yuan and 18.209 billion yuan respectively [2] Group 2: Financial Ratios - As of Q3 2025, 汇通集团's asset-liability ratio was 78.65%, slightly up from 78.53% year-on-year, which is higher than the industry average of 72.81%, indicating significant debt pressure [3] - The gross profit margin for Q3 2025 was 20.75%, an increase from 15.53% year-on-year, surpassing the industry average of 11.72%, reflecting strong profitability [3] Group 3: Executive Compensation - The chairman, 张忠强, received a salary of 1.4862 million yuan in 2024, a decrease of 196,700 yuan from 2023 [4] - The general manager, 赵亚尊, earned 1.5397 million yuan in 2024, an increase of 455,000 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders increased by 19.48% to 27,000, while the average number of circulating A-shares held per account decreased by 16.30% to 17,100 [5]

Core Insights - Huitong Group (603176.SH) released its Q3 2025 financial report on October 30, 2025, indicating a total of 18.7682 million shares held by institutional investors, accounting for 3.95% of the company's total share capital [1] Institutional Holdings - As of October 29, 2025, there are 2 institutional investors disclosing their holdings in Huitong Group, which includes Baoding Hengguang Jiyie Enterprise Management Center (Limited Partnership) and Shanghai Houyida Yuan Enterprise Management Center (Limited Partnership) [1] - The total institutional holding percentage decreased by 1.91 percentage points compared to the previous quarter [1] Public Fund Disclosures - In this reporting period, 16 public funds were not disclosed compared to the previous quarter, including funds such as Guojin Quantitative Multi-Factor A, Guojin Quantitative Selected A, China Europe Quantitative Driven Mixed A, Furong Fuyou Mixed A, and China Europe Quantitative Pioneer Mixed A [1]