Core Viewpoint - The company plans to utilize part of its temporarily idle raised funds for cash management to enhance fund efficiency and generate additional returns for the company and its shareholders [1][2][5]. Fundraising Basic Situation - The company raised a total of RMB 424,173.66 million from the public offering of 1,285,180,000 shares at an issue price of RMB 2.87 per share, with the net amount after deducting issuance costs being confirmed [1][2]. Cash Management Plan - The company intends to use up to RMB 350 million of temporarily idle raised funds for cash management, focusing on low-risk, high-liquidity financial products such as structured deposits and time deposits [2][3]. - The investment decision will be valid for 12 months from the board's approval date, with funds being able to be rolled over within this period [2][3]. Implementation and Oversight - The company's chairman or authorized personnel will have the authority to make investment decisions within the set limits, while the finance department will be responsible for execution and related matters [3][4]. - The company will adhere to relevant disclosure obligations to ensure transparency and compliance with regulations [3][4]. Impact on Daily Operations - The cash management plan will not affect the normal operation of the company's fundraising projects or its main business, while also potentially enhancing overall performance and returns for shareholders [4][5]. Risk Management - The company acknowledges potential market risks but plans to implement strict approval and execution procedures to ensure the safety of funds [5][6]. - Specific measures include defining cash management amounts and periods, selecting appropriate financial products, and timely monitoring of investment performance [5][6]. Approval Process - The board of directors approved the cash management plan on August 28, 2025, without the need for shareholder meeting approval [5][6]. Sponsor's Verification Opinion - The sponsor believes that the company's plan to use part of the idle raised funds for cash management has followed necessary approval procedures and complies with relevant regulations, aiming to improve fund efficiency without harming shareholder interests [6].

Core Viewpoint - The company has appointed He Yongjun as the new general manager, as approved by the board of directors [1] Group 1 - The announcement was made on the evening of August 28 [1] - The decision reflects the company's ongoing management changes [1]

Core Viewpoint - China Railway Construction Heavy Industry Group Co., Ltd. announced the use of idle raised funds for cash management, not exceeding RMB 350 million, to enhance fund utilization efficiency while ensuring project funding needs are met [1][3]. Fundraising Basic Situation - The company raised a total of RMB 4.24 billion through the issuance of 1,477,957,000 shares at a price of RMB 2.87 per share, with a net amount of RMB 4.16 billion after deducting issuance costs [2]. Cash Management Specifics - The purpose of cash management is to improve the efficiency of raised fund usage while ensuring project construction and fund safety, aiming to generate additional returns for the company and its shareholders [3]. - The investment will focus on low-risk, liquid, and capital-preserving financial products, with a maximum investment period of one year [3]. - The decision is valid for 12 months from the board's approval, and the funds can be rolled over within the specified limit [3]. Impact on Daily Operations - The use of idle funds for cash management will not affect the company's normal cash flow or the operation of fundraising projects, and it is expected to enhance overall performance and shareholder returns [4]. Approval Procedures and Opinions - The board has approved the cash management proposal without needing to submit it to the shareholders' meeting, and the sponsor has confirmed that the necessary approval procedures were followed [6].

Core Viewpoint - The company reported a slight increase in revenue and net profit for the first half of the year, indicating stable performance despite market conditions [1] Financial Performance - The company achieved operating revenue of 4.837 billion yuan, a year-on-year increase of 0.71% [1] - The net profit attributable to shareholders was 735 million yuan, reflecting a year-on-year increase of 1.73% [1] - For the second quarter (April to June), the company reported operating revenue of 2.481 billion yuan, which is a year-on-year growth of 3.03% [1] - The net profit attributable to shareholders for the second quarter was 403 million yuan, showing a significant year-on-year increase of 13.84% [1]

独立董事：吴云天、王金星、曹丰 中国铁建重工集团股份有限公司 第二届董事会独立董事专门会议 第四次会议决议 2025 年 8 月 29 日 根据《上市公司独立董事管理办法》《上海证券交易所科创板股票上市规则》 《上海证券交易所科创板上市公司自律监管指引第 1 号--规范运作》以及《中国 铁建重工集团股份有限公司章程》等有关规定，我们作为中国铁建重工集团股份 有限公司（以下简称公司）的独立董事，于 2025 年 8 月 28 日召开了第二届董事 会独立董事专门会议第四次会议，针对公司第二届董事会第二十八次会议拟审议 的《关于中国铁建财务有限公司风险持续评估报告的议案》进行了审核。经审核， 全体独立董事一致同意相关议案，并形成决议如下： 1 我们认为：《中国铁建重工集团股份有限公司关于中国铁建财务有限公司风 险持续评估报告》具备客观性和公正性，充分反映了中国铁建财务有限公司（以 下简称财务公司）的经营资质、业务和风险状况，财务公司经营资质、内控建设、 经营情况均符合开展金融服务的要求，公司与财务公司开展的金融服务业务符合 相关法律法规、规范性文件的规定，符合公司与全体股东的利益，不存在损害公 司和股东，特别是中小 ...

中国国际金融股份有限公司 关于中国铁建重工集团股份有限公司 使用部分暂时闲置募集资金进行现金管理的核查意见 中国国际金融股份有限公司（以下简称"中金公司"或"保荐机构"）作为中国铁 建重工集团股份有限公司（以下简称"铁建重工"或"公司"）首次公开发行股票并在 科创板上市的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司募集资金 监管规则》《上海证券交易所科创板上市公司自律监管指引第 1 号——规范运作》和《上 海证券交易所科创板股票上市规则》等有关规定，就铁建重工使用部分暂时闲置募集资 金进行现金管理的事项进行了核查，具体情况如下： 一、募集资金基本情况 为提高募集资金使用效率，合理利用部分暂时闲置募集资金，在确保不影响募集资 金项目建设和使用、募集资金安全的情况下，增加公司的收益，为公司及股东获取更多 回报。 （二）投资产品品种 公司将按照相关规定严格控制风险，拟使用部分暂时闲置募集资金购买安全性高、 流动性好、保本型的理财产品或存款类产品（包括但不限于结构性存款、定期存款、大 额存单、通知存款等），且该等现金管理产品不得用于质押，不用于以证券投资为目的 的投资行为。 （三）决议有效期 自公司董事会 ...

[Section I Definitions](index=4&type=section&id=Section%20I%20Definitions) This section defines key terms used throughout the report, including company abbreviations, group structure, related parties, product types, and technical concepts, ensuring clear understanding [Definitions of Common Terms](index=4&type=section&id=Definitions%20of%20Common%20Terms) This section defines key terms used in the report, including company abbreviations, group composition, major related parties, product types, and technical concepts, ensuring clear understanding of the report content - The company's abbreviation 'CRCHI' refers to China Railway Construction Heavy Industry Corporation Limited, while 'the Group' includes CRCHI and its subsidiaries[11](index=11&type=chunk) - 'Tunnel Boring Machine' is defined as specialized mechanical equipment that achieves full-face tunnel formation through excavation and propulsion, featuring a peripheral mechanical shell, primarily including shield machines, rock tunnel boring machines, and pipe jacking machines[11](index=11&type=chunk) - 'TBM' is the abbreviation for Tunnel Boring Machine, referring to a full-face tunnel boring machine that crushes rock by rotating a cutterhead and advancing, using a main conveyor belt for muck removal[11](index=11&type=chunk) [Section II Company Profile and Key Financial Indicators](index=5&type=section&id=Section%20II%20Company%20Profile%20and%20Key%20Financial%20Indicators) This section provides an overview of the company's basic information and key financial performance for the reporting period [I. Company Basic Information](index=5&type=section&id=I.%20Company%20Basic%20Information) This section outlines the company's basic information, including its Chinese name, abbreviation, legal representative, registered and office addresses, company website, and email address - The company's Chinese name is China Railway Construction Heavy Industry Corporation Limited, abbreviated as CRCHI[13](index=13&type=chunk) - The company's legal representative is Zhao Hui, and its registered address is No. 88, Dongqi Road, Quantang Street, Changsha Economic and Technological Development Zone[13](index=13&type=chunk) - The company's website is www.crchi.com, and its email address is ir@crchi.com[13](index=13&type=chunk) [II. Contact Persons and Methods](index=5&type=section&id=II.%20Contact%20Persons%20and%20Methods) This section provides contact information for the company's Board Secretary and Securities Affairs Representative, including name, address, phone, fax, and email, to facilitate communication - Both the Board Secretary (domestic representative for information disclosure) and the Securities Affairs Representative are Li Gang[14](index=14&type=chunk) - The contact number is 0731-84071749, and the email address is ir@crchi.com[14](index=14&type=chunk) [III. Information Disclosure and Document Placement Location Changes](index=5&type=section&id=III.%20Information%20Disclosure%20and%20Document%20Placement%20Location%20Changes) This section details the company's designated newspapers, website for semi-annual reports, and placement location for reports, ensuring transparency and accessibility - The company's selected newspapers for information disclosure are China Securities Journal, Shanghai Securities News, Securities Times, and Securities Daily[15](index=15&type=chunk) - The website address for publishing semi-annual reports is www.sse.com.cn[15](index=15&type=chunk) - The company's semi-annual reports are available at the Board of Directors Office (Securities Affairs Department)[15](index=15&type=chunk) [IV. Overview of Company Shares/Depositary Receipts](index=5&type=section&id=IV.%20Overview%20of%20Company%20Shares%2FDepositary%20Receipts) This section briefly introduces the company's stock type, listing exchange, abbreviation, and code, confirming no depositary receipts - The company's stock type is A-shares, listed on the SSE STAR Market[16](index=16&type=chunk) - The stock abbreviation is CRCHI, and the stock code is 688425[16](index=16&type=chunk) - The company has no depositary receipts[17](index=17&type=chunk) [VI. Key Accounting Data and Financial Indicators](index=6&type=section&id=VI.%20Key%20Accounting%20Data%20and%20Financial%20Indicators) This section summarizes the company's key accounting data and financial indicators for H1 2025, showing slight revenue and net profit growth, but a significant decrease in operating cash flow Key Accounting Data for H1 2025 (Million Yuan) | Indicator | Current Period (Jan-Jun) | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 4,837.38 | 4,803.15 | 0.71 | | Total Profit | 807.79 | 788.06 | 2.50 | | Net Profit Attributable to Parent | 735.46 | 722.97 | 1.73 | | Net Profit Attributable to Parent (Excl. Non-recurring Items) | 693.67 | 661.73 | 4.83 | | Net Cash Flow from Operating Activities | 191.95 | 351.89 | -45.45 | | Net Assets Attributable to Parent | 17,839.90 | 17,555.81 | 1.62 | | Total Assets | 27,055.43 | 26,711.85 | 1.29 | Key Financial Indicators for H1 2025 | Indicator | Current Period (Jan-Jun) | Prior Year Period | Change | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.14 | 0.14 | 0 | | Diluted Earnings Per Share (yuan/share) | 0.14 | 0.14 | 0 | | Basic EPS (Excl. Non-recurring Items) (yuan/share) | 0.13 | 0.12 | 8.33 | | Weighted Average Return on Net Assets (%) | 4.10 | 4.28 | Decrease of 0.18 percentage points | | Weighted Average Return on Net Assets (Excl. Non-recurring Items) (%) | 3.87 | 3.92 | Decrease of 0.05 percentage points | | R&D Investment as % of Operating Revenue (%) | 8.49 | 8.76 | Decrease of 0.27 percentage points | - Net cash flow from operating activities decreased by **45.45%** year-on-year, primarily due to increased payments for goods, taxes, and other operating-related cash outflows in the current period[19](index=19&type=chunk) [(I) Key Accounting Data](index=6&type=section&id=%28I%29%20Key%20Accounting%20Data) The company's H1 2025 operating revenue was **4.837 billion yuan**, up **0.71%**; net profit attributable to parent was **735 million yuan**, up **1.73%**, while net operating cash flow significantly decreased by **45.45%** Key Accounting Data for H1 2025 (10,000 Yuan) | Indicator | Current Period (Jan-Jun) | Prior Year Period | Change (%) | | :--- | :--- | :--- | :--- | | Operating Revenue | 483,738.32 | 480,314.92 | 0.71 | | Net Profit Attributable to Parent | 73,546.44 | 72,297.41 | 1.73 | | Net Cash Flow from Operating Activities | 19,194.71 | 35,188.67 | -45.45 | [(II) Key Financial Indicators](index=6&type=section&id=%28II%29%20Key%20Financial%20Indicators) Basic and diluted EPS remained **0.14 yuan/share**, while weighted average return on net assets and R&D investment as a percentage of operating revenue both slightly decreased Key Financial Indicators for H1 2025 | Indicator | Current Period (Jan-Jun) | Prior Year Period | Change | | :--- | :--- | :--- | :--- | | Basic Earnings Per Share (yuan/share) | 0.14 | 0.14 | 0 | | Weighted Average Return on Net Assets (%) | 4.10 | 4.28 | Decrease of 0.18 percentage points | | R&D Investment as % of Operating Revenue (%) | 8.49 | 8.76 | Decrease of 0.27 percentage points | [VIII. Non-recurring Gains and Losses Items and Amounts](index=6&type=section&id=VIII.%20Non-recurring%20Gains%20and%20Losses%20Items%20and%20Amounts) The company's H1 2025 non-recurring gains and losses totaled **41.80 million yuan**, mainly from government subsidies and other non-operating income and expenses Non-recurring Gains and Losses Items for H1 2025 (Yuan) | Non-recurring Gains and Losses Item | Amount | | :--- | :--- | | Gains and losses from disposal of non-current assets | -4,807.71 | | Government subsidies recognized in current profit or loss | 42,614,897.34 | | Reversal of impairment provisions for accounts receivable subject to separate impairment testing | 2,558,200.00 | | Gains and losses from contingent events unrelated to normal business operations | 663,857.75 | | Other non-operating income and expenses apart from the above | 3,340,394.11 | | Less: Income tax impact | -7,375,881.22 | | Total | 41,796,660.27 | [Section III Management Discussion and Analysis](index=7&type=section&id=Section%20III%20Management%20Discussion%20and%20Analysis) This section provides a comprehensive review of the company's industry, main business operations, core competitiveness, risk factors, and key operating performance during the reporting period [I. Industry and Main Business Overview During the Reporting Period](index=7&type=section&id=I.%20Industry%20and%20Main%20Business%20Overview%20During%20the%20Reporting%20Period) This section details the macro environment and drivers of the high-end underground engineering equipment industry, alongside developments and applications of the company's three main businesses [(I) Industry Overview](index=7&type=section&id=%28I%29%20Industry%20Overview) In H1 2025, the high-end underground engineering equipment industry benefited from supportive policies, seeing growth in railway, urban rail, mining, water conservancy, and significant overseas market expansion - In H1 2025, national railway fixed asset investment reached **355.9 billion yuan**, a **5.5%** year-on-year increase, with **301 kilometers** of new lines put into operation[25](index=25&type=chunk) - As of H1 2025, **58** cities in mainland China operated **12,381.48 kilometers** of urban rail transit lines, with **220.70 kilometers** of new lines added[26](index=26&type=chunk) - In H1 2025, fixed asset investment in the mining industry grew by **3.4%** year-on-year, with coal mining and washing, and non-ferrous metal mining and dressing increasing by **14.4%** and **46.2%** respectively[26](index=26&type=chunk) - In H1 2025, national water conservancy construction investment reached **532.9 billion yuan**, with **34,40

中国铁建重工集团股份有限公司董事会 2025 年 8 月 29 日 1 证券代码：688425 证券简称：铁建重工 公告编号：2025-035 中国铁建重工集团股份有限公司 关于聘任总经理的公告 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。 中国铁建重工集团股份有限公司（以下简称公司）于 2025 年 8 月 28 日召开 第二届董事会第二十八次会议，审议通过了《关于聘任公司总经理的议案》。现 将相关情况公告如下： 公司董事会同意聘任贺勇军先生担任公司总经理（简历详见附件），任期自 本次董事会审议通过之日起至公司第二届董事会任期届满之日止。 本议案提交董事会审议前，公司第二届董事会提名委员会第十三次会议进行 了资格审核并形成了同意提名贺勇军先生担任公司总经理的明确审查意见。贺勇 军先生具备与其行使职权相适应的任职条件，其任职资格符合《中华人民共和国 公司法》《上海证券交易所科创板股票上市规则》等有关法律法规和规范性文件 的规定，不存在受到中国证券监督管理委员会、上海证券交易所处罚的情形。 特此公告。 2 附件： 贺勇军先 ...

中国铁建重工集团股份有限公司 关于中国铁建财务有限公司 风险持续评估报告 根据《关于规范上市公司与企业集团财务公司业务往来的通知》（证监发 〔2022〕48号）的要求，中国铁建重工集团股份有限公司（以下简称公司）通过 查验中国铁建财务有限公司（以下简称财务公司）的相关资料，对其经营资质、 业务和风险状况进行了评估，现将有关风险评估情况报告如下： 一、财务公司基本情况 （一）财务公司历史沿革 财务公司系经国家金融监督管理总局批准，是具有独立法人资格的非银行金 融机构。财务公司注册资本人民币90亿元，其中，中国铁建股份有限公司出资人 民币84.6亿元，占比94%；中国铁道建筑集团有限公司出资人民币5.4亿元，占比 6%。财务公司于2012年4月18日在北京市市场监督管理局办理工商登记，正式开 业运营。 统一社会信用代码：91110000101128572M 注册地址：北京市海淀区复兴路40号院一号楼中国铁建大厦10层东侧 注册资本：90亿元人民币 企业类型：其他有限责任公司 法定代表人：周仲华 对成员单位办理财务和融资顾问、信用鉴证及相关的咨询、代理业务；协助 成员单位实现交易款项的收付；经批准的保险代理业务；对 ...

中国铁建重工集团股份有限公司 2025 年"提质增效重回报"行动方案 的半年度评估报告 2025 年上半年，中国铁建重工集团股份有限公司(以下简称公司)全面践行 以"投资者为中心"的上市公司发展理念，不断增强核心功能、提高核心竞争力， 将提高上市公司发展质量与生产经营、改革发展等工作有机融合、一体推进、相 互促进，全力推进《中国铁建重工集团股份有限公司 2025 年"提质增效重回报" 行动方案》（以下简称《行动方案》）各项任务取得实效。现就公司《行动方案》 各方面措施执行情况及实施效果进行评估。具体情况如下： 一、深耕主业提质增效，开拓海外版图增量空间 国内重大项目承揽持续发力。2025 年上半年，公司坚持稳中求进、创新突 破，实现新签/中标合同额 74.91 亿元，同比增长 3.15%，在复杂多变的市场环 境中保持经营韧性。在国内重大项目承揽方面，公司凭借技术优势与行业深耕， 全方位发力多个关键领域。隧道掘进机领域，国家重点科研项目-千米竖井掘进 机"钢铁脊梁号"成功下线，超大直径敞开式 TBM"江汉武当号"成功应用于引 江补汉项目，研制成功全球首台三圆组合管幕机"鹿城号"；特种专业装备领域， 为陶忽图矿、 ...