公司回答表示：尊敬的投资者，您好！盾构机上碳化钨材料主要应用于刀盘刀具耐磨部位，具体重量与 设备类型、设备直径、刀具配置相关。 金融界8月1日消息，有投资者在互动平台向铁建重工提问：请问公司单个盾构机需要用到多少碳化钨材 料？是网上传的300公斤吗？ ...

Market Overview - The engineering machinery sector experienced a decline of 1.75% on July 31, with Hengli Drilling leading the drop [1] - The Shanghai Composite Index closed at 3573.21, down 1.18%, while the Shenzhen Component Index closed at 11009.77, down 1.73% [1] Top Performers - Tianyuan Intelligent (603273) saw a significant increase of 10.02%, closing at 21.09 with a trading volume of 218,000 shares and a turnover of 455 million yuan [1] - Southern Road Machinery (603280) also rose by 10.01%, closing at 54.86 with a trading volume of 82,400 shares [1] - Changling Hydraulic (605389) increased by 9.99%, closing at 48.99 with a trading volume of 45,400 shares [1] Underperformers - Hengli Drilling (836942) experienced the largest decline, down 11.39% to 57.90 with a trading volume of 135,500 shares and a turnover of 811 million yuan [2] - Tuoshan Heavy Industry (001226) fell by 9.97%, closing at 40.00 with a trading volume of 109,400 shares [2] - Wuxin Suizhuang (835174) decreased by 7.19%, closing at 64.67 with a trading volume of 87,500 shares [2] Capital Flow - The engineering machinery sector saw a net outflow of 566 million yuan from institutional investors and 196 million yuan from speculative funds, while retail investors contributed a net inflow of 762 million yuan [2][3] - Notable capital flows include Huadong Heavy Machine (002685) with a net inflow of 17.7 million yuan from institutional investors, while Tianyuan Intelligent (603273) had a net outflow of 143 million yuan from institutional investors [3]

Core Viewpoint - China Railway Construction Heavy Industry Group Co., Ltd. announced a cash dividend of RMB 0.085 per share for the 2024 fiscal year, approved at the annual shareholders' meeting on June 19, 2025 [1][6]. Summary by Sections Dividend Distribution - The total cash dividend distribution amounts to RMB 453,347,245 based on a total share capital of 5,333,497,000 shares [3][5]. - The dividend will be distributed to all shareholders registered with China Securities Depository and Clearing Corporation Limited, Shanghai Branch, as of the close of trading on the registration date [2]. Implementation Method - The dividends for unrestricted circulating shares will be distributed through the clearing system of China Securities Depository and Clearing Corporation Limited, Shanghai Branch [3]. - Shareholders who have completed designated transactions can receive their cash dividends at their designated securities business department on the payment date [3]. Taxation on Dividends - For individual shareholders holding unrestricted circulating shares for over one year, the cash dividend of RMB 0.085 per share is exempt from personal income tax [7]. - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution; tax will be calculated based on the holding period when the shares are sold [7]. - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in a net cash dividend of RMB 0.0765 per share [8]. - Hong Kong market investors will also receive a net cash dividend of RMB 0.0765 per share after a 10% withholding tax [8]. - Other institutional investors and corporate shareholders will receive the gross cash dividend of RMB 0.085 per share, responsible for their own tax declarations [9].

Core Viewpoint - The company announced a cash dividend distribution plan, with a payout of RMB 0.085 per share, totaling RMB 453,347,245, approved at the annual shareholders' meeting on June 19, 2025 [1] Dividend Distribution Plan - The cash dividend of RMB 0.085 per share is based on a total share capital of 5,333,497,000 shares [1] - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shanghai Branch, after the market closes on the registration date [1] Taxation on Dividends - For individual shareholders holding shares for over one year, the dividend income is exempt from personal income tax, resulting in an actual cash dividend of RMB 0.085 per share [2] - For shares held for one year or less, the company will not withhold personal income tax at the time of distribution; however, tax liabilities will be calculated and deducted by the securities company [2] - The actual tax burden varies based on the holding period, with a 20% tax for holdings of one month or less, and a 10% tax for holdings between one month and one year [2] Distribution to Foreign Investors - Qualified Foreign Institutional Investors (QFII) will have a 10% corporate income tax withheld, resulting in a net cash dividend of RMB 0.0765 per share [3] - Hong Kong market investors will also have a 10% tax withheld, leading to the same net cash dividend of RMB 0.0765 per share [4] - Other institutional investors and corporate shareholders will be responsible for their own tax declarations, with the company distributing the gross dividend amount [4]

证券日报网讯 7月30日晚间，铁建重工发布公告称，2024年年度权益分派方案为每股现金红利0.085元 （含税），股权登记日为2025年8月6日，除权（息）日为2025年8月7日。 （文章来源：证券日报） ...

证券代码：688425 证券简称：铁建重工 公告编号：2025-031 中国铁建重工集团股份有限公司 2024年年度权益分派实施公告 本公司董事会及全体董事保证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。 重要内容提示： 每股现金红利0.085元 相关日期 | 股权登记日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | | 2025/8/6 | 2025/8/7 | 2025/8/7 | 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 6 月 19 日的2024年年度股东大会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称中国结算上海分公司）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本5,333,497,000股为基数，每股派发 现金红利0.085元（含税），共计派发现金红利453,347,245元。 是否涉及差异化分红送转：否 每股分配比例 三、 相关日期 | 股权登记日 | ...

Core Insights - The Central State-Owned Enterprises Innovation-Driven Index (000861) has shown a 0.31% increase as of July 29, 2025, with notable stock performances from companies like Changfei Fiber (9.58% increase) and China Railway Construction Heavy Industry (5.43% increase) [3] - The Central State-Owned Enterprises Innovation-Driven ETF (515900) has risen by 0.32%, with a recent price of 1.55 yuan, and has accumulated a 3.77% increase over the past two weeks [3] - Market consensus remains focused on "low valuation cycle recovery" and "technology growth industry trends," with sector rotation intensifying [3] Performance Metrics - The Central State-Owned Enterprises Innovation-Driven ETF has seen a significant scale increase of 1.16 billion yuan over the past two weeks, ranking in the top quarter among comparable funds [4] - The ETF's net value has increased by 11.25% over the past year, with a maximum monthly return of 15.05% since inception [4] - The ETF has a year-to-date relative drawdown of 0.08%, with the fastest recovery time among comparable funds at 105 days [5] Fee and Tracking Precision - The management fee for the Central State-Owned Enterprises Innovation-Driven ETF is 0.15%, and the custody fee is 0.05%, both of which are the lowest among comparable funds [5] - The ETF has a tracking error of 0.038% over the past five years, indicating the highest tracking precision among comparable funds [5] Index Composition - The Central State-Owned Enterprises Innovation-Driven Index comprises 100 representative listed companies evaluated for innovation and profitability, with the top ten weighted stocks accounting for 34.87% of the index [5]

Investment Rating - The report maintains a "Recommended" investment rating for the industry [7] Core Viewpoints - The low-altitude economy is developing well, with strong support from government policies, particularly in emergency equipment and low-altitude applications [3][4] - The mechanical equipment sector is expected to maintain steady growth, driven by competitive advantages in exports and domestic demand [4] Weekly Market Review - From July 20 to July 25, 2025, the Shanghai Composite Index rose by 1.67%, the Shenzhen Component Index by 2.33%, and the ChiNext Index by 2.76%. The Shenwan Mechanical Equipment Index increased by 2.56%, outperforming the CSI 300 Index by 0.86 percentage points, ranking 16th among 31 Shenwan primary industries [12][14] - Sub-sectors such as general equipment, specialized equipment, rail transit equipment II, engineering machinery, and automation equipment saw respective increases of 2.32%, 1.98%, 3.02%, 5.34%, and 1.48% [12][15] Key Sector Tracking - The low-altitude economy sector is bolstered by various government initiatives, including the "Three-Year Action Plan for High-Quality Development of Emergency Equipment Industry in Hunan Province (2025-2027)", aiming for an industry revenue exceeding 100 billion yuan by 2027 [3][25] - The mechanical equipment sector is supported by a recent trade agreement between the US and Japan, which is expected to enhance the competitive position of domestic leading enterprises [4] Investment Recommendations - For the low-altitude economy, recommended companies include Deep City Transportation, Sujiao Science and Technology, Huasheng Group, and Nairui Radar [5] - In the mechanical equipment sector, recommended companies include Sany Heavy Industry, XCMG, and Anhui Heli for engineering machinery, and Huazhong CNC and Kede CNC for industrial mother machines [5]

Market Overview - The Shanghai Composite Index rose by 0.12% on July 28, with 15 out of the 28 sectors experiencing gains. The top-performing sectors were defense and military industry, and non-bank financials, with increases of 1.86% and 1.51% respectively. The machinery equipment sector saw a rise of 0.55%. Conversely, the coal and steel sectors faced declines of 2.60% and 1.41% respectively [1] Fund Flow Analysis - The main funds in the two markets experienced a net outflow of 18.575 billion yuan. Eight sectors saw net inflows, with the electronics sector leading at a net inflow of 3.655 billion yuan and a daily increase of 1.10%. The telecommunications sector followed with a net inflow of 2.848 billion yuan and a daily increase of 1.24% [1] - In contrast, 23 sectors experienced net outflows, with the computer sector leading at a net outflow of 6.892 billion yuan, followed by the non-ferrous metals sector with a net outflow of 3.254 billion yuan. Other sectors with significant outflows included machinery equipment, electric power equipment, and transportation [1] Machinery Equipment Sector Performance - The machinery equipment sector rose by 0.55% despite a net outflow of 2.095 billion yuan. Out of 530 stocks in this sector, 329 stocks increased, with 9 hitting the daily limit. Conversely, 182 stocks declined. A total of 183 stocks saw net inflows, with 6 stocks having inflows exceeding 100 million yuan. The top stock for net inflow was Shanhe Intelligent, with an inflow of 364 million yuan, followed by Shenkai Co. and Dongfang Precision, with inflows of 300 million yuan and 183 million yuan respectively [2] - The outflow list for the machinery equipment sector included 7 stocks with outflows exceeding 100 million yuan. The leading stock for outflow was Zhongtie Industrial, with a net outflow of 326 million yuan, followed by Tiejian Heavy Industry and Shanghai Mechanical, with outflows of 165 million yuan and 150 million yuan respectively [3]

Group 1 - The railway fixed asset investment in June reached 113.8 billion, showing a year-on-year growth of 4.6%, indicating high industry prosperity despite a high base from the previous year [1] - From January to June, the total railway fixed asset investment was 355.9 billion, with a year-on-year increase of 5.5% [1] - The number of railway passengers reached 2.236 billion, reflecting a year-on-year growth of 6.7%, while freight volume was 25.58 million tons, up by 1.8% [1] Group 2 - The railway department has increased night high-speed trains to meet the rising passenger demand during the summer peak, with June passenger volume at 373 million, a 3.6% increase year-on-year [2] - The Chengdu-Chongqing high-speed railway is under construction and will operate at a speed of 400 km/h, reducing travel time between Chengdu and Chongqing to 50 minutes [2] Group 3 - Several rail transit equipment companies reported better-than-expected performance in the first half of the year, confirming the sector's prosperity, with China CNR expected to achieve a net profit of 6.722-7.562 billion, a growth of 60-80% [3] - Other companies like Siwei Control and Jinchuan Group also reported significant profit increases, with growth rates ranging from 45% to over 200% [3] Group 4 - The upcoming vehicle tenders are expected to see a significant increase, with the second half of the year projected to have a tender volume that may exceed expectations [4] - The total new railway line expected to be put into operation in the second half is around 2300 kilometers, following a modest 301 kilometers in the first half [4] Group 5 - The focus is recommended on vehicle equipment segments, with key suppliers such as China CNR and Siwei Control highlighted for their reliability in the upcoming peak and major repair years [5] - Other companies to watch include Times Electric, China Communications, and Jinchuang Group, among others, for their respective components and systems [5]