Core Viewpoint - China Railway Construction Heavy Industry Co., Ltd. has shown a significant stock performance with a year-to-date increase of 25.38% and a recent market capitalization of 28.85 billion yuan [1][2]. Financial Performance - For the first half of 2025, the company achieved a revenue of 4.84 billion yuan, representing a year-on-year growth of 0.71%, and a net profit attributable to shareholders of 735 million yuan, up 1.73% year-on-year [2]. - The company has distributed a total of 2.01 billion yuan in dividends since its A-share listing, with 1.49 billion yuan distributed over the past three years [3]. Stock Market Activity - As of September 29, the stock price reached 5.41 yuan per share, with a trading volume of 1.40 billion yuan and a turnover rate of 0.49% [1]. - The stock has appeared on the "Dragon and Tiger List" three times this year, with the most recent net purchase on July 23 amounting to 26.54 million yuan [1]. Shareholder Structure - As of June 30, 2025, the company had 59,200 shareholders, with an average of 90,036 circulating shares per shareholder [2]. - Major shareholders include Hong Kong Central Clearing Limited and Southern CSI 500 ETF, with both increasing their holdings compared to the previous period [3].

Group 1 - The Hunan Free Trade Zone has focused on seven key areas: equipment manufacturing, digital economy, airport economy, port economy, non-ferrous metals, biomedicine, and artificial intelligence, to create new advantages in advanced manufacturing and strategic emerging industries [1] - The equipment manufacturing sector leads the nation, with the Changsha area hosting four of the world's top 50 engineering machinery companies and nearly 400 remanufacturing and repair export enterprises [1] - The Yueyang area has established the largest servo motor production base in the country, while the Chenzhou area focuses on agricultural machinery, achieving a national market share of 30% for grain processing machinery and 65% for crawler tractors [1] Group 2 - Emerging industries are thriving, with the Changsha area nurturing 47 national-level demonstration enterprises in information technology and attracting 389 biomedicine projects [1] - The Yueyang area collaborates with New Ziguang Group to create the largest "semiconductor + green intelligent computing" base in Central China [1] - The Chenzhou area’s advanced non-ferrous metal new materials industry has been recognized as a national-level innovative industrial cluster [1] Group 3 - The Hunan Free Trade Zone is innovating in retail by exploring new models such as "bonded display + cross-border e-commerce + rapid delivery" and "overseas warehouses + offshore accounts + local currency settlement" [2] - The region has established the first bonded training industry base in Central China and successfully attracted the first local cargo airline, Zhongtong Cargo [2] - The cross-border e-commerce import and export volume in the area has seen an annual growth rate exceeding 70% [2]

Core Insights - The 17th China (Beijing) International Engineering Machinery, Building Materials Machinery and Mining Machinery Exhibition (BICES 2025) is being held from September 23 to 26, showcasing the strength of high-end equipment manufacturing in Changsha [1] Group 1: Event Overview - The exhibition theme is "High-end Green, Smart Future," featuring two special exhibition areas, four themed pavilions, and thirteen special zones to highlight the latest advancements in high-end, intelligent, and green engineering machinery [1] - Major companies like SANY Group, China Railway Construction Heavy Industry, and Zoomlion are presenting innovative products and solutions [1] Group 2: SANY Group Highlights - SANY Group showcased 16 electric and intelligent equipment models, including the new SY245E electric excavator and "Concrete Action" electric mixer truck, emphasizing their advancements in electric and intelligent technology [1][3] - The SY245E electric excavator supports 4,500 full charge cycles and has undergone 3,000 hours of testing in various harsh conditions [3] - The "Concrete Action" mixer truck features a battery co-developed with CATL, boasting low loss, slow degradation, good low-temperature performance, and fast charging capabilities [3] - SANY Group claims to have established a comprehensive solution capability for equipment electrification, energy cleanliness, and operational intelligence [3] Group 3: China Railway Construction Heavy Industry Highlights - China Railway Construction Heavy Industry presented a complete solution for tunnel construction, showcasing innovative products like the "Jianghai" shield machine and the world's first pure electric highland-type three-arm rock drilling rig [2][5] - The company emphasizes its commitment to technological innovation and high-quality development in providing equipment for major national projects [5] Group 4: Zoomlion Highlights - Zoomlion's exhibition theme is "Green, Intelligent Manufacturing, Building a Beautiful World," featuring ten key products across four categories [6] - The ZT160HEV, the world's largest hybrid mining dump truck, has a rated load of 100 tons and features an advanced hybrid system [7] - The ZE1050G hybrid excavator utilizes a new generation of electro-hydraulic hybrid system architecture, showcasing the company's focus on efficiency and environmental sustainability [7] - Zoomlion aims to drive the industry towards high efficiency, green, and intelligent upgrades in line with ongoing carbon neutrality goals [7]

Group 1 - The high-pressure oxygen chamber concept declined by 1.90% as of the market close on September 22, ranking among the top declines in concept sectors, with companies like Hangzhou Oxygen, Innovative Medical, and China Railway Construction showing significant drops [1] - The high-pressure oxygen chamber sector experienced a net outflow of 238 million yuan from main funds today, with seven stocks seeing net outflows, and five stocks exceeding 10 million yuan in outflows. Innovative Medical led with a net outflow of 126 million yuan, followed by China Railway Construction and Hangzhou Oxygen [2] - The top stocks with net outflows in the high-pressure oxygen chamber sector included Innovative Medical (-4.18%), China Railway Construction (-2.36%), and Hangzhou Oxygen (-4.56%), with respective main fund outflows of 126.14 million yuan, 53.78 million yuan, and 21.64 million yuan [2] Group 2 - The concept sectors with the highest gains today included Tonghuashun Fruit Index (+5.17%), AI Mobile Phones (+4.06%), and Smart Speakers (+3.43%), while the high-pressure oxygen chamber sector was among the top decliners [2] - The main fund inflows were observed in stocks like Jinling Pharmaceutical, Weiao Co., and Dahu Co., with inflows of 2.58 million yuan, 1.16 million yuan, and 0.95 million yuan respectively [2]

Market Overview - On September 22, the engineering machinery sector declined by 1.08%, with Southern Road Machinery leading the drop [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Notable gainers in the engineering machinery sector included: - Shanhe Intelligent (002097) with a closing price of 16.64, up 5.05% and a trading volume of 298.15 million [1] - Huadong Heavy Machine (002685) at 9.19, up 5.03% with a trading volume of 93.11 million [1] - Wantong Hydraulic (830839) at 44.29, up 4.75% with a trading volume of 40.6 thousand [1] - Conversely, Southern Road Machinery (603280) saw a significant decline of 10.00%, closing at 40.77 with a trading volume of 97.3 thousand [2] Capital Flow - The engineering machinery sector experienced a net outflow of 540 million from institutional investors, while retail investors saw a net inflow of 378 million [2] - The detailed capital flow for selected stocks showed: - Huadong Heavy Machine had a net inflow of 22.47 million from institutional investors [3] - Xugong Machinery (000425) recorded a net inflow of 19.46 million from institutional investors [3] - A net outflow of 42.49 thousand was noted for Aidi Precision (603638) from institutional investors [3]

枢纽地下互通，把立交"搬"到大山"肚子"里。西香高速元宝枢纽互通项目经理李欣旺介绍，施工 中，几乎囊括了隧道工程全部施工方式及工艺工法，开挖方法多达11种，工程结构类型多达36 种，堪称隧道开挖的"工法博物馆"。目前全国在建第四、全省第二长隧道——全长14.15公里的盐 源隧道，属于特长、低瓦斯隧道，地势陡峭、地质条件复杂。为此，蜀道集团科研团队联合铁建 重工集团，历时7个月，研发出专用于险要山岭隧道掘进的特大型TBM"蜀畅1号"，通过超前TBM 平导洞，将主洞划分为若干段短隧道，实现"长隧短打"，将建设工期由7年缩短为4年。"一切施工 尽在掌握。"来到西香高速调度指挥中心，大屏幕上施工进度一目了然。一键操控无人机，管理人 员仿佛装上"千里眼"，AI助手、试验室等多个模块辅助，可实时同步项目建设各环节试验数据， 可辅助对不合格情况的倒查追溯管控。对凉山而言，西香高速建成后将与宜攀、西昭、昭普等多 条高速公路一起，构建起"多高一体"的综合交通枢纽体系。据省交通运输厅建管处、规划处相关 负责人介绍，"十四五"是凉山州高速公路建设高峰期，目前在建高速8条，今年新开工高速3条。 □四川日报全媒体记者 寇敏芳一条高速路 ...

Group 1 - The 17th China (Beijing) International Engineering Machinery, Building Materials Machinery and Mining Machinery Exhibition (BICES 2025) will be held from September 23 to 26 at the China International Exhibition Center, Shunyi Hall [1] - China Railway Construction Heavy Industry will showcase its overall tunneling construction solutions at the exhibition [1]

本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站（http：//rs.p5w.net），或关注微 信公众号：全景财经，或下载全景路演APP，参与本次互动交流，活动时间为2025年9月19日（星期 五）14:00-17:00。届时公司高管将在线就公司2024年至2025半年度业绩、公司治理、发展战略、经营情 况和可持续发展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 证券代码：688425 证券简称：铁建重工 公告编号：2025-037 中国铁建重工集团股份有限公司关于参加湖南辖区上市公司投资者网上集体接待日暨半年度业绩说明会 活动的公告 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、准确性和完整性依法承担法律责任。 为进一步加强与投资者的互动交流，中国铁建重工集团股份有限公司（以下简称公司）将参加由湖南证 监局、湖南省上市公司协会与深圳市全景网络有限公司联合举办的"资本聚三湘 楚光耀新程--2025年湖 南辖区上市公司投资者网上集体接待日暨半年度业绩说明会"活动，现将相关事项公告如下： 特此公告！ 中国铁建重工集团股 ...

证券代码：688425 证券简称：铁建重工 公告编号：2025-037 中国铁建重工集团股份有限公司 关于参加湖南辖区上市公司投资者网上集体接待日 暨半年度业绩说明会活动的公告 为进一步加强与投资者的互动交流，中国铁建重工集团股份有限公司（以下简 称公司）将参加由湖南证监局、湖南省上市公司协会与深圳市全景网络有限公司联 合举办的"资本聚三湘 楚光耀新程--2025 年湖南辖区上市公司投资者网上集体接 待日暨半年度业绩说明会"活动，现将相关事项公告如下： 本次活动将采用网络远程的方式举行，投资者可登录"全景路演"网站（http： //rs.p5w.net），或关注微信公众号：全景财经，或下载全景路演 APP，参与本次互 动交流，活动时间为 2025 年 9 月 19 日（星期五）14:00-17:00。届时公司高管将在 线就公司 2024 年至 2025 半年度业绩、公司治理、发展战略、经营情况和可持续发 展等投资者关心的问题，与投资者进行沟通与交流，欢迎广大投资者踊跃参与！ 特此公告！ 中国铁建重工集团股份有限公司 2025 年 9 月 16 日 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 ...

Market Performance - The engineering machinery sector rose by 0.9% on September 11, with Hengli Hydraulic leading the gains [1] - The Shanghai Composite Index closed at 3875.31, up 1.65%, while the Shenzhen Component Index closed at 12979.89, up 3.36% [1] Individual Stock Performance - Hengli Hydraulic (601100) closed at 89.75, up 2.34% with a trading volume of 70,500 shares and a transaction value of 624 million [1] - Huadong Heavy Machine (002685) closed at 8.36, up 2.33% with a trading volume of 572,200 shares and a transaction value of 473 million [1] - Changling Hydraulic (605389) closed at 44.93, up 2.28% with a trading volume of 16,500 shares and a transaction value of 7.32 million [1] - Other notable performers include Shaoyang Hydraulic (301079) up 2.12% and Jinzhi Technology (301279) up 1.88% [1] Capital Flow Analysis - The engineering machinery sector experienced a net outflow of 341 million from institutional investors, while retail investors saw a net inflow of 313 million [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional selling and retail buying [2] Detailed Capital Flow for Selected Stocks - Huadong Heavy Machine saw a net inflow of 26.1 million from institutional investors but a net outflow of 16.9 million from retail investors [3] - Hengli Hydraulic had a net inflow of 6.1 million from institutional investors, with retail investors showing a net outflow of 7.3 million [3] - Zhejiang Dingli (603338) had a net inflow of 3.1 million from institutional investors, while retail investors contributed a net inflow of 789.86 thousand [3]