Core Viewpoint - China Steel International (中钢国际) has announced a mid-term adjustment to its 2025 investment plan, which was approved by the board on October 17, 2025, without the need for shareholder meeting approval [1]. Investment Plan Adjustments - Total long-term equity investment projects have been adjusted from 124.00 million to 122.72 million, reflecting a decrease of 1.28 million [2]. - Total fixed asset investment projects have increased from 4,976.46 million to 6,362.50 million, showing an increase of 1,386.04 million [2]. - Specific project adjustments include: - The establishment of a subsidiary in Guinea has a revised investment of 122.72 million, unchanged from the previous plan [2]. - The information technology project for subsidiaries has been adjusted from 1,247.00 million to 1,282.00 million, an increase of 35.00 million [2]. - The zero-solid project for subsidiaries has decreased from 3,019.46 million to 2,920.50 million, a reduction of 98.96 million [2]. - The conventional infrastructure renovation project for subsidiaries has increased significantly from 710.00 million to 2,160.00 million, an increase of 1,450.00 million [2]. Financial Performance - In the mid-term of 2025, China Steel International reported revenues of 6.745 billion and a net profit attributable to shareholders of 424 million [2].

证券代码：000928 证券简称：中钢国际 公告编号：2025-39 中钢国际工程技术股份有限公司 关于调整 2025 年年度投资计划的公告 2 中钢国际工程技术股份有限公司（以下简称"公司"）第十届董事会第七次 会议审议通过了《关于 2025 年年度投资计划的议案》，该议案已经公司 2024 年 年度股东大会审议通过。公司于 2025 年 10 月 17 日召开第十届董事会第十次会 议，审议通过了《关于公司 2025 年度投资计划中期调整的议案》，根据年度投资 计划执行进展情况，拟对公司 2025 年度投资计划进行调整。本次投资计划调整 事项在董事会审批权限范围内，无需提交股东大会审议。 具体调整情况如下： 公司 2025 年度投资计划是公司及子公司 2025 年度投资的预算安排，投资计 划的实施与公司经营环境、发展战略等诸多因素相关，公司在具体实施中会根据 项目进度等情况适当调整，存在一定不确定性。敬请广大投资者谨慎决策，注意 投资风险。 1 单位：万元 序号 项目名称 调整前 截至 9 月末完 成情况 调整后 变动情况 长期股权投资项目总计 124.00 122.72 122.72 -1.28 1 中钢 ...

中钢国际工程技术股份有限公司 关于续聘会计师事务所的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 中钢国际工程技术股份有限公司（以下简称"公司"）第十届董事会第十次 会议审议通过了《关于聘任公司 2025 年年度审计机构的议案》，按照《国有企业、 上市公司选聘会计师事务所管理办法》的相关规定，结合公司业务发展、预算情 况、审计工作需求和会计师事务所人员安排及工作计划等情况，拟续聘立信会计 师事务所（特殊普通合伙）（以下简称"立信会计师事务所"）为公司 2025 年年 度审计机构，本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的 《国有企业、上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规 定。本次聘请审计机构事项需提交公司股东大会审议。 一、拟续聘会计师事务所的基本情况 （一）机构信息 1. 基本信息 立信会计师事务所（特殊普通合伙）（以下简称立信）由我国会计泰斗潘序 伦博士于 1927 年在上海创建，1986 年复办，2010 年成为全国首家完成改制的特 殊普通合伙制会计师事务所，注册地址为上海市，首席合伙人为朱建弟先生。立 ...

中钢国际工程技术股份有限公司 关于召开 2025 年第一次临时股东大会的通知 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 证券代码：000928 证券简称：中钢国际 公告编号：2025-40 一、召开会议的基本情况 1．股东会届次：2025 年第一次临时股东大会 2． 股东会的召集人：董事会 3．本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上 市公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》 的有关规定。 4．会议时间： （1）现场会议时间：2025 年 11 月 3 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间 为 2025 年 11 月 3 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2025 年 11 月 3 日 9:15 至 15:00 的任意时 间。 5．会议的召开方式：现场表决与网络投票相结合。 6．会议的股权登记日：202 ...

证券代码：000928 证券简称：中钢国际 公告编号：2025-37 中钢国际工程技术股份有限公司 第十届董事会第十次会议决议公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 中钢国际工程技术股份有限公司（以下简称"公司"）第十届董事会第十次 会议于 2025 年 10 月 17 日在公司会议室以现场结合视频方式召开。会议通知及 会议材料于 2025 年 10 月 9 日以邮件方式送达公司各位董事。会议由公司副董事 长赵恕昆召集和主持，应出席会议的董事 6 名，实际出席会议的董事 6 名（董事 刘安以视频方式出席）。会议的召开符合《中华人民共和国公司法》及《公司章 程》的规定。 本次会议审议通过了以下议案： 一、关于选举公司董事长的议案 选举赵恕昆为公司董事长，并担任董事会战略与 ESG 委员会召集人，任期 自本次董事会审议通过之日起，至本届董事会任期届满之日止，简历附后。 公司提名委员会已召开会议审议通过该议案。 表决结果：6 票同意，0 票反对，0 票弃权。 二、关于聘任公司 2025 年年度审计机构的议案 同意聘请立信会计师事务所（特殊普通合伙）为公 ...

Core Insights - The article highlights the top-performing stocks in the S&P China A-Share Dividend Opportunity Index, showcasing significant daily and year-to-date gains along with dividend yields [1]. Group 1: Stock Performance - The top stock, 中江海能 (600026.SH), experienced a daily increase of 4.50% and a year-to-date increase of 12.39%, with a dividend yield of 3.37% [1]. - 渝农商行 (601077.SH) saw a daily rise of 4.16% and a year-to-date rise of 17.11%, offering a dividend yield of 4.51% [1]. - 南京银行 (601009.SH) reported a daily increase of 3.79% and a year-to-date increase of 7.13%, with a dividend yield of 4.36% [1]. Group 2: Additional Notable Stocks - 新澳股份 (6038888 CH) had a daily gain of 3.35% and a year-to-date gain of 20.30%, with a dividend yield of 3.74% [1]. - 岱美股份 (603730.SH) increased by 2.86% daily and 3.26% year-to-date, with a dividend yield of 3.94% [1]. - 上海银行 (601229.SH) saw a daily rise of 2.83% and a year-to-date rise of 5.45%, with a dividend yield of 5.29% [1].

Core Insights - The professional engineering sector saw a slight increase of 0.3% on October 13, with Shanghai Port leading the gains [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - Notable gainers in the professional engineering sector included: - Yibanshi (605598) with a closing price of 29.32, up 10.02% on a trading volume of 126,200 shares and a turnover of 361 million yuan [1] - Baili Technology (6565609) closed at 6.72, up 2.60% with a trading volume of 361,800 shares and a turnover of 239 million yuan [1] - Zhitexin Materials (300986) closed at 11.72, up 2.00% with a trading volume of 128,600 shares and a turnover of 148 million yuan [1] - Conversely, some stocks experienced declines: - Shenghui Integration (603163) closed at 43.40, down 4.41% with a trading volume of 21,300 shares and a turnover of approximately 92.48 million yuan [2] - Suante Co. (603098) closed at 14.00, down 3.45% with a trading volume of 84,300 shares and a turnover of approximately 118 million yuan [2] - Jinggong Steel Structure (600496) closed at 3.70, down 3.14% with a trading volume of 384,500 shares and a turnover of approximately 142 million yuan [2] Capital Flow - The professional engineering sector experienced a net inflow of 138 million yuan from institutional investors, while retail investors saw a net inflow of approximately 58.33 million yuan [2][3] - Notable net inflows from institutional investors included: - China Metallurgical Group (601618) with a net inflow of approximately 22.3 million yuan [3] - Shanghai Port (605598) with a net inflow of approximately 71.08 million yuan [3] - Conversely, some stocks faced net outflows from retail investors, such as: - North International (000065) with a net outflow of approximately 13.68 million yuan [3] - Southeast Network Frame (002135) with a net outflow of approximately 6.22 million yuan [3]

Investment Rating - The report gives an "Overweight" rating for the construction and decoration industry, indicating a positive outlook compared to the overall market performance [2][9]. Core Insights - The construction industry is experiencing a slowdown in investment, leading to pressure on corporate profits. Despite this, infrastructure investment remains stable, acting as a stabilizing force in the overall economy [3][4]. - The report highlights that companies with a net profit growth rate below -10% include China Railway, China Metallurgical Group, and others, while those with growth rates above 20% include Jianfa Hecheng and Zhi Te New Materials [3][4]. - The report suggests that weak investment could lead to a valuation recovery for central state-owned enterprises in the construction sector, as current valuations are low with a PE ratio of 12.4X and a PB ratio of 0.82X as of October 10, 2025 [3][4]. Summary by Sections Investment Trends - Fixed asset investment growth has slowed, with infrastructure investment showing a year-on-year increase of 5.4% for the first eight months of 2025. The report notes that while manufacturing and real estate are under pressure, infrastructure investment remains relatively stable [3][4]. Profit Forecasts - The report provides a forecast for net profit growth rates for key companies in the industry, categorizing them into various growth ranges, with several companies expected to face profit pressures in 2025 [4]. Valuation Analysis - The report includes a valuation table for key companies in the construction industry, indicating their earnings per share (EPS), PE ratios, and projected net profit growth rates for 2024 to 2026. For instance, China Railway is projected to have a net profit decline of 17% in 2025, while Jianfa Hecheng is expected to see a significant increase of 45% [4].

Group 1 - The core point of the announcement is the change in the equity structure of the controlling shareholder, Zhonggang Capital, which has undergone a capital increase from 2,666,609.24 million to 4,482,378.163835 million [1][2] - Following the capital increase, the shareholding ratio of China Zhonggang Co., Ltd. in Zhonggang Capital decreased from 100% to 59.49%, with the remaining 40.51% held by 27 financial creditors [1][2] - The change in Zhonggang Capital's equity structure will not affect the controlling shareholder or the actual controller of the company, which remains under the State-owned Assets Supervision and Administration Commission of the State Council [2]

证券代码：000928 证券简称：中钢国际 公告编号：2025-36 中钢国际工程技术股份有限公司 关于控股股东股权结构变化的提示性公告 本次变动完成后，公司及控股股东、间接控股股东及实际控制人股权关系图 如下： 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 中钢国际工程技术股份有限公司（以下简称"公司"）收到控股股东中钢资 本控股有限公司（以下简称"中钢资本"）的通知，中钢资本的股权结构发生变 动。现就有关情况公告如下： 一、控股股东股权结构的变动情况 按照中钢债务重组整体安排，中钢资本近日已完成增资扩股，其注册资本由 2,666,609.24 万元增加至 4,482,378.163835 万元，中国中钢股份有限公司对中钢 资本的持股比例由 100%变为 59.49%，中钢资本其余 40.51%股权由 27 家金融债 权人合计持有（以下简称"本次变动"）。 二、公司及控股股东、间接控股股东及实际控制人股权关系变动情况 本次变动完成前，公司及控股股东、间接控股股东及实际控制人股权关系图 如下： 1 三、对公司的影响 本次中钢资本的股权结构变动不会导致公司控股 ...