证券代码：605598 证券简称：上海港湾 公告编号：2024-032 上海港湾基础建设（集团）股份有限公司 关于控股股东部分股份质押的公告 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。 重要内容提示: 上海港湾基础建设（集团）股份有限公司（以下简称"公司"）控股股 东上海隆湾投资控股有限公司（以下简称"上海隆湾"）持有上市公司股份 168,000,000 股，占公司总股本的比例为 68.36%，本次股份质押办理完成后， 上海隆湾累计质押公司股份 5,000,000 股，占公司总股本的比例为 2.03%。 一、上市公司股份质押 规要求及时履行披露义务。 二、控股股东及一致行动人累计质押情况 股东名称 是否为 控股股 东 本次质 押股数 是否为限 售股 是否 补充 质押 质押起 始日 质押 到期 日 质权人 占其所 持股份 比例 占公司 总股本 比例 质押融 资资金 用途 上海隆湾投 资控股有限 公司 是 5,000, 000 首发限售 股 否 2024/9/ 5 2025 /9/5 中信证券股 份有限公司 2.98% 2.0 ...

北京市中伦律师事务所 关于上海港湾基础建设（集团）股份有限公司 2024 年第一次临时股东大会的 法律意见书 二〇二四年九月 2024 年第一次临时股东大会的 法律意见书 致：上海港湾基础建设（集团）股份有限公司 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发布的 《上市公司股东大会规则》（以下简称"《股东大会规则》"）的规定，北京市 中伦律师事务所（以下简称"本所"）接受上海港湾基础建设（集团）股份有限 公司（以下简称"公司"或"上海港湾"）的委托，指派本所律师出席公司 2024 年第一次临时股东大会（以下简称"本次股东大会"），对本次股东大会的相关 事项进行见证并出具法律意见。 为出具本法律意见书，本所律师审查了公司提供的相关文件，该等文件包括 但不限于： 1. 现行的公司章程； 2. 公司于 2024 年 8 月 17 日在上海证券交易所网站（www.sse.com.cn）披露 的《上海港湾基础建设（集团）股份有限公司关于召开 2024 年第一次临时股东 大会的通知》； 1 法律意见书 北京市中伦律师事务所 关于上海 ...

证券代码：605598 证券简称：上海港湾 公告编号：2024-031 上海港湾基础建设（集团）股份有限公司 2024 年第一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 | 1、出席会议的股东和代理人人数 | 106 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 183,313,700 | | 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 | 74.5902 | | 份总数的比例（%） | | (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。 本次会议由董事会召集，采用现场投票与网络投票相结合的方式进行表决， (一) 股东大会召开的时间：2024 年 9 月 4 日 (二) 股东大会召开的地点：上海市静安区江场路 1228 弄 6A 栋 5 楼 9 号会议 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： 现场会议由公司董事长徐士龙 ...

上海港湾基础建设（集团）股份有限公司 子公司利润分配管理制度 （2024 年 8 月修订） 第一章 总 则 （3）经子公司股东会决议，可以提取任意公积金； （4）子公司弥补亏损和提取公积金后所余税后利润，由子公司各股东进行分 配。 第一条 为进一步规范公司治理结构，加强对子公司的管理，更好地规范其行 为，完善、健全其法人治理结构，平衡各子公司业务发展的资金需求，建立科学、 持续、稳定的利润分配机制，依照《中华人民共和国公司法》、《中华人民共和国 证券法》等法律、法规、规范性文件及《上海港湾基础建设（集团）股份有限公 司章程》（以下简称"《公司章程》"）的有关规定，结合公司实际情况，特制定本 制度。 第二条 本制度所称"公司"为上海港湾基础建设（集团）股份有限公司，"子 公司"指的是公司持股比例超过 50%的法人主体，或者虽然持股比例未超过 50%， 但是依据协议或者公司所持股份的表决权能对被持股主体的董事/董事会、股东 会的决定/决议产生重大影响的主体。 第二章 利润分配政策 第三条 子公司的利润分配应重视对公司的合理回报并兼顾子公司的可持续 发展，利润分配政策应保持连续性和稳定性，并符合法律法规和规范性文件 ...

Investment Rating - The report assigns a "Buy" rating for the company, marking its first coverage [1][4]. Core Insights - The company has achieved a record high in new contracts signed in the first half of 2024, indicating a potential turning point in performance [1]. - The company's revenue for H1 2024 reached 630 million yuan, with a year-on-year increase of 11.3%, while net profit attributable to the parent company decreased by 30.4% [1][2]. - The company’s gross margin improved to 36.4%, up by 1.1 percentage points year-on-year, reflecting a stable growth in its core business [2]. Summary by Sections Financial Performance - In H1 2024, the company reported revenues of 630 million yuan, net profit of 70 million yuan, and net profit excluding non-recurring items also at 70 million yuan, with respective year-on-year changes of +11.3%, -30.4%, and -31.6% [1]. - For Q2 2024, revenues were 340 million yuan, with net profit and net profit excluding non-recurring items at 40 million yuan each, showing year-on-year declines of -5.9%, -43.6%, and -47.0% [1]. Revenue Breakdown - The revenue from foundation treatment and pile foundation engineering in H1 2024 was 410 million yuan and 220 million yuan, with year-on-year changes of -10.3% and +100.9% respectively [2]. - The company’s gross margin for H1 2024 was 36.4%, with foundation treatment and pile foundation engineering gross margins at 40.3% and 28.6% respectively [2]. Order Growth - New contracts signed in H1 2024 totaled 1.19 billion yuan, a significant increase of 78.2% year-on-year, surpassing the total new contracts signed in 2023 [2]. - The breakdown of new contracts shows domestic contracts at 250 million yuan and overseas contracts at 940 million yuan, with year-on-year increases of 40.9% and 92.0% respectively [2]. Future Projections - The report forecasts revenues of 1.59 billion yuan, 1.98 billion yuan, and 2.43 billion yuan for 2024, 2025, and 2026 respectively, with net profits projected at 210 million yuan, 300 million yuan, and 380 million yuan for the same years [4][5]. - The expected EPS for 2024, 2025, and 2026 is 0.86 yuan, 1.23 yuan, and 1.54 yuan respectively, with corresponding P/E ratios of 19.77, 13.74, and 11.00 [5][7].

Investment Rating - The report maintains an "Accumulate" rating for Shanghai Port Bay (605598) [5] Core Views - The company reported a revenue of 631 million yuan for the first half of 2024, representing a year-on-year increase of 11.34%, while the net profit attributable to shareholders decreased by 30.43% to 73.81 million yuan [5] - The significant growth in overseas business, particularly in Southeast Asia and the Middle East, contributed to the revenue, with overseas income reaching 568 million yuan, a year-on-year increase of 59.84%, accounting for 90.15% of total revenue [6] - New signed orders reached a historical high of 1.187 billion yuan, indicating strong future performance potential [7] Summary by Sections Financial Performance - The company achieved a total revenue of 631 million yuan in H1 2024, with a net profit of 73.81 million yuan, reflecting a decline in profitability due to share-based payment expenses [5] - The gross margin for H1 was 36.43%, slightly up from the previous year, while the second quarter saw a decline in gross margin to 35.67% [6] Business Segments - The overseas business saw substantial growth, with Southeast Asia and the Middle East contributing significantly to revenue, with respective increases of 77.92% and 15.75% [6] - Domestic revenue, however, fell by 71.42% to 6 million yuan, indicating challenges in the local market [6] Order Book and Future Outlook - The company secured new orders worth 1.187 billion yuan in H1 2024, a 78.21% increase year-on-year, with overseas orders making up a significant portion [7] - The report anticipates continued growth in new orders, particularly from overseas markets and key domestic projects [7] Profit Forecast and Valuation - The profit forecasts for 2024-2026 are set at 233 million yuan, 327 million yuan, and 447 million yuan respectively, with corresponding PE ratios of 18, 13, and 9 times based on the stock price as of August 30 [7][8]

Investment Rating - The report maintains an "Accumulate" rating for the company [1] Core Views - The company reported a revenue of 630 million yuan for the first half of 2024, representing a year-on-year increase of 11.3%, while the net profit attributable to shareholders was 73.81 million yuan, down 30.4% year-on-year [2] - The overseas revenue showed impressive growth, particularly in Southeast Asia, where the company has shifted its strategic focus, achieving significant revenue increases in this region [2] - The company has faced short-term profit pressure due to stock payment expenses, but excluding these effects, the net profit decline would be limited to 5.8% year-on-year [2] - The company signed new contracts worth 1.19 billion yuan in the first half of 2024, exceeding the total new contracts signed in 2023, with a significant portion coming from domestic projects [2] Summary by Sections Financial Performance - Total revenue for 2022 was 885.11 million yuan, increasing to 1,277.45 million yuan in 2023, with projections of 1,707.82 million yuan for 2024, reflecting a growth rate of 44.33% [1] - The net profit attributable to shareholders was 156.79 million yuan in 2022, with a forecast of 214.97 million yuan for 2024, indicating a year-on-year growth of 23.48% [1] - The company’s earnings per share (EPS) is projected to rise from 0.71 yuan in 2023 to 0.87 yuan in 2024 [1] Revenue Breakdown - The company’s geotechnical engineering services generated 4.1 billion yuan from foundation treatment and 2.2 billion yuan from pile foundation engineering in the first half of 2024, with overseas revenue contributing significantly [2] - The gross margin for the Southeast Asia region improved significantly, reaching 37.9%, up 11.7 percentage points from the previous year [2] Cash Flow and Expenses - The net cash flow from operating activities was -15.74 million yuan in the first half of 2024, a decrease of 71.2 million yuan year-on-year, primarily due to declining net profit [2] - The company increased its capital expenditures significantly, with cash payments for fixed assets reaching 60.66 million yuan, up 36.79 million yuan year-on-year [2] Future Outlook - The company is expected to benefit from high infrastructure demand in Southeast Asia and the Middle East, with a strong order acquisition capability supporting its medium to long-term growth prospects [2]

Financial Performance - The company's operating revenue for the first half of 2024 was ¥630,527,193.98, representing an increase of 11.34% compared to ¥566,298,004.56 in the same period last year[14]. - The net profit attributable to shareholders of the listed company decreased by 30.43% to ¥73,811,827.82 from ¥106,090,614.36 year-on-year[14]. - The net cash flow from operating activities was negative at -¥15,741,088.41, a decline of 128.39% compared to ¥55,454,167.43 in the previous year[14]. - Basic earnings per share decreased by 29.55% to ¥0.31 from ¥0.44 in the same period last year[15]. - The weighted average return on net assets decreased by 2.32 percentage points to 4.14% from 6.46% year-on-year[15]. - The net profit attributable to shareholders, excluding non-recurring gains and losses, was 68.40 million yuan, a year-on-year decrease of 31.65%[16]. - The company reported a significant increase in interest income, reaching CNY 6,279,329.26, compared to CNY 4,195,254.00 in the previous year, marking a growth of 49.7%[83]. - The total profit for the first half of 2024 was CNY 100,007,923.23, a decrease of 20.8% from CNY 126,215,854.10 in the same period last year[83]. - The company reported a net profit margin improvement, with net profit for the first half of 2024 reflecting operational efficiency gains[81]. Assets and Liabilities - The net assets attributable to shareholders of the listed company increased by 1.01% to ¥1,771,313,393.70 from ¥1,753,543,596.46 at the end of the previous year[14]. - Total assets rose by 1.30% to ¥2,201,774,194.31 from ¥2,173,616,430.48 at the end of the previous year[14]. - The company's total assets at the end of the reporting period are 1,009,649,613.65 RMB[100]. - The total liabilities decreased to ¥223,069,718.40 from ¥264,064,093.16, a reduction of approximately 15.5%[80]. - The total owner's equity at the end of the reporting period is 1,678,894,796.78 RMB[97]. - The total accounts receivable at the end of the period amounted to ¥491,257,856.93, a decrease from ¥548,333,295.80 at the beginning of the period, representing a decline of approximately 10.4%[193]. - The bad debt provision at the end of the period was ¥122,056,269.37, down from ¥124,286,934.44 at the beginning, indicating a reduction of about 1.8%[197]. Market and Orders - The company achieved new signed orders of 1.187 billion CNY in the first half of 2024, with domestic orders totaling 252 million CNY and overseas orders reaching 935 million CNY[22]. - Southeast Asia contributed significantly to overseas orders, with new signed orders of 782 million CNY, accounting for 83.67% of overseas new orders[22]. - The global geotechnical engineering market was valued at approximately 48.5 billion USD in 2022 and is expected to grow from 51.7 billion USD in 2023 to 86.2 billion USD by 2032, reflecting a compound annual growth rate of 6.60%[19]. - The "Belt and Road" initiative presents unprecedented development opportunities for Chinese geotechnical engineering companies, with infrastructure investment demand projected to reach 94 trillion USD by 2040[19]. Operational Efficiency and Strategy - The company focuses on enhancing profitability and cash flow, successfully winning the bid for the Dalian New Airport project domestically[22]. - The company aims to enhance its global competitiveness by focusing on high-quality overseas markets, particularly in Southeast Asia and the Middle East[25]. - The company is actively pursuing digital transformation in engineering construction to improve operational efficiency and project management[24]. - The company emphasizes a talent-driven strategy, continuously attracting and nurturing high-quality talent to support its growth objectives[23]. Research and Development - Research and development expenses increased by 70.50% to ¥18,642,313.15, up from ¥10,933,639.12, highlighting the company's focus on innovation[26]. - The company’s research and development expenses increased to CNY 14,661,612.50, up from CNY 10,933,639.12, reflecting a growth of 34.8%[85]. Risk Management - The company faces macroeconomic risks due to geopolitical tensions and economic recovery challenges, impacting infrastructure demand[35]. - The company plans to enhance macroeconomic risk management and strengthen internal management to improve competitiveness[35]. - The company is exposed to foreign exchange risks due to its overseas operations and will implement measures to mitigate these risks[36]. Shareholder and Equity Information - The company reported a profit distribution of -15,690,732.02 RMB for the period[96]. - The total amount of guarantees provided by the company to subsidiaries during the reporting period was RMB 6.62 million, with a total guarantee balance of RMB 30.10 million at the end of the period[58]. - The company has a total of 2,240,000 restricted stock units held by directors and senior management[71]. - The largest shareholder, Shanghai Longwan Investment Holding Co., Ltd., holds 168,000,000 shares, accounting for 68.36% of total shares[67]. Compliance and Governance - The company’s financial statements are prepared in accordance with the accounting standards issued by the Ministry of Finance, ensuring compliance and accuracy[104]. - The company has committed to maintaining a long-term effective commitment to resolve related party transactions and competition issues[46]. - The company ensures that no competitive products will be developed or operated by controlling shareholders or related entities[47]. Sustainability and Development - The company is committed to sustainable development and has been recognized for its engineering quality, winning multiple industry awards[23]. - The company actively promotes green development and has implemented innovative green processes, significantly improving the living environment in Southeast Asia and the Middle East[43]. - The company aims to reduce carbon emissions by integrating ESG principles into its operational management and enhancing digital management levels[44].

证券代码：605598 证券简称：上海港湾 公告编号：2024-030 上海港湾基础建设（集团）股份有限公司 2024 年半年度募集资金存放与使用情况的专项报告 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个别及连带责任。 根据中国证券监督管理委员会《上市公司监管指引第 2 号——上市公司募集 资金管理和使用的监管要求（2022 年修订）》《上海证券交易所上市公司自律监 管指引第 1 号——规范运作》以及《上海证券交易所上市公司自律监管指南第 1 号——公告格式（2023 年 12 月修订）》等相关规定，上海港湾基础建设（集团） 股份有限公司（以下简称"公司"、"上海港湾"）将 2024 年半年度募集资金 存放与使用情况专项报告如下： 一、募集资金基本情况 （一）实际募集资金金额和资金到账时间 经中国证券监督管理委员会《关于核准上海港湾基础建设（集团）股份有限 公司首次公开发行股票的批复》（证监许可[2021]2618 号）核准，上海港湾首次 公开发行 43,193,467 股人民币普通股（A 股）股票，发行价格为 13.87 元/股 ...

第三届董事会第七次会议决议公告 一、 董事会会议召开情况 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。 证券代码：605598 证券简称：上海港湾 公告编号：2024-028 上海港湾基础建设（集团）股份有限公司 经审核，董事会认为：公司 2024 年半年度报告及摘要公允地反映了公司 2024 年 1-6 月的财务状况和经营成果，所披露的信息真实、准确、完整。董事会 承诺其中不存在任何虚假记载、误导性陈述或重大遗漏，并对其内容的真实性、 准确性和完整性承担个别和连带的法律责任。 本议案已经公司董事会审计委员会审议通过。 表决结果：同意 5 票、反对 0 票、弃权 0 票。 具体详见公司同日披露于上海证券交易所网站（www.sse.com.cn）上的《上 海港湾 2024 年半年度报告》及《上海港湾 2024 年半年度报告摘要》。 （二）审议并通过《关于 2024 年半年度募集资金存放与使用情况的专项报 告的议案》 上海港湾基础建设（集团）股份有限公司（以下简称"公司"、"上海港湾"） 第三届董事会第七次会议于 2024 年 ...