Core Insights - The stock of Zhonggong International (002051) closed at 8.51 yuan on October 31, 2025, with a slight increase of 0.12% and a trading volume of 10.8 million shares, resulting in a transaction value of 91.78 million yuan [1] Fund Flow Analysis - On October 31, 2025, the net inflow of main funds was 4.41 million yuan, accounting for 4.81% of the total transaction value, while retail investors experienced a net outflow of 7.40 million yuan, representing 8.06% of the total transaction value [1][2] - Over the past five days, the stock has seen fluctuations in fund flows, with notable net inflows and outflows from both main and retail investors [2] Company Performance Metrics - Zhonggong International's total market capitalization is 10.53 billion yuan, with a net asset value of 11.735 billion yuan and a net profit of 247 million yuan [3] - The company reported a 17.25% year-on-year decline in main operating revenue for the first three quarters of 2025, totaling 7.125 billion yuan, and a 23.68% decrease in net profit [3] - The company's gross profit margin stands at 18.57%, which is higher than the industry average of 13.26% [3] Industry Ranking - In the engineering construction industry, Zhonggong International ranks 25th in total market capitalization and 21st in net profit among 68 companies [3] - The company's price-to-earnings ratio is 32, significantly higher than the industry average of 13.67, indicating a potential overvaluation [3] Analyst Ratings - In the last 90 days, four institutions have provided ratings for the stock, with three recommending a buy and one suggesting an increase in holdings, while the average target price set by analysts is 10.09 yuan [4]

Core Points - Zhonggong International Engineering Co., Ltd. announced the formal effectiveness of the contract for the Mongolia-China Sports Center project, with a contract value of RMB 41.4918 million, reinforcing its leadership in foreign aid engineering [1] - The project is a joint effort between Zhonggong International's wholly-owned subsidiary, China Zhongyuan International Engineering Co., Ltd., and Jingxing International Engineering Management Co., Ltd. [1] - The contract was initially signed on August 15, 2025, and will remain effective until project completion and acceptance [1] - The project is expected to enhance the company's design capabilities in cultural and sports architecture and strengthen its overseas engineering management capabilities [1] Financial and Operational Insights - The contract follows a fixed total price model, indicating potential uncertainties in contract profits due to possible unforeseen factors during project implementation [2] - The company has completed necessary review procedures for this matter as of the announcement date, ensuring compliance with regulatory requirements [2]

证券代码：002051 证券简称：中工国际 公告编号：2025-065 中工国际工程股份有限公司经营合同进展公告 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。 2025 年 8 月 15 日，中工国际工程股份有限公司下属全资公司中 国中元国际工程有限公司、下属全资公司京兴国际工程管理有限公司 组成的联合体，与商务部国际经济合作事务局签署援蒙古中蒙元首体 育中心项目合同，合同金额为人民币 4,149.18 万元，服务期限为自合 同签订之日起至该项目完成竣工验收和工程结算之日止。具体内容详 见 2025 年 8 月 18 日公司在《中国证券报》《证券时报》及巨潮资讯网 （http://www.cninfo.com.cn）刊登的 2025－039 号公告。 近日，商务部国际经济合作事务局与蒙古国相关政府部门签署项 目对外实施协议，援蒙古中蒙元首体育中心项目合同正式生效。该合 同的履行有利于发挥公司在文体类建筑领域的设计实力，持续巩固 援外工程传统骨干企业领军地位；凭借多年来积累的境外项目管理 经验，强化工程管理业务输出能力。 — 1 — 本项目合同为固定总价合同， ...

Core Viewpoint - 中工国际 is a significant player in the international engineering contracting sector, with a competitive edge in project experience and technical expertise [1] Group 1: Business Performance - In Q3 2025, 中工国际 reported revenue of 7.125 billion, ranking 4th in the industry, with the top competitor 中材国际 generating 32.998 billion [2] - The company's net profit for the same period was 245 million, also ranking 4th, while the industry leader 中材国际 reported 2.231 billion [2] Group 2: Financial Ratios - As of Q3 2025, 中工国际's debt-to-asset ratio was 53.68%, lower than the industry average of 59.33%, indicating relatively low debt pressure [3] - The gross profit margin for Q3 2025 was 18.57%, higher than the industry average of 16.31%, reflecting strong profitability [3] Group 3: Leadership and Compensation - The chairman, 王博, has a rich background in management and engineering, with no changes in his compensation [4] - The general manager, 李海欣, saw a reduction in salary from 1.3313 million in 2023 to 707,400 in 2024 [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 9.11% to 49,400, while the average number of shares held per shareholder increased by 10.03% [5] - Major shareholders include 香港中央结算有限公司 and new entrants like 华夏中证1000ETF [5] Group 5: Future Outlook - 中工国际 is projected to have an EPS growth of 10%/9%/8% for 2025-2027, with a target price of 10.73 yuan based on a PE of 33.5 [5] - The company has signed new contracts in H1 2025, with a 33% increase in new contracts and significant growth in domestic engineering contracting [6]

Core Insights - The company reported a revenue of 7.125 billion yuan for the first three quarters, representing a year-on-year decline of 17.25% [1] - The net profit attributable to shareholders was 247 million yuan, down 23.68% year-on-year [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 235 million yuan, showing a year-on-year increase of 0.61% [1] Financial Performance - Revenue for the first three quarters: 7.125 billion yuan, down 17.25% year-on-year [1] - Net profit attributable to shareholders: 247 million yuan, down 23.68% year-on-year [1] - Net profit after deducting non-recurring gains and losses: 235 million yuan, up 0.61% year-on-year [1]

Core Viewpoint - On October 29, Zhonggong International (002051) announced the election of Mr. Sun Yufeng as the employee representative director of the company's eighth board of directors [1] Company Summary - Zhonggong International has made a significant governance change by electing a new employee representative director [1]

1、会议以 3 票同意，0 票反对，0 票弃权，审议通过了《关于全 资子公司拟开展不超过 8 亿元应收款项资产支持专项计划暨关联交 易的议案》。 经审核，公司全资子公司中工国际工程（江苏）有限公司拟开展 不超过 8 亿元应收款项资产支持专项计划，并委托国机资本控股有限 公司提供金融综合服务，有助于创新融资模式，提高资金使用效率， 推动公司业务发展，符合公司发展规划和整体利益，符合相关法律法 规的规定。本次关联交易定价根据市场定价原则确定，定价依据与交 易价格公允，不存在损害公司股东特别是中小股东利益的情形。因此 同意公司与国机资本控股有限公司开展本次关联交易，同意将该议案 提请公司第八届董事会第十五次会议审议。 独立董事：辛修明、张黎群、王世宏 二〇二五年十月二十八日 独立董事专门会议 2025 年第六次会议审核意见 中工国际工程股份有限公司独立董事专门会议 2025 年第六次会议审核意见 根据《上市公司独立董事管理办法》《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》《中工国际工程股 份有限公司独立董事工作制度》和《中工国际工程股份有限公司独立 董事专门会议工作细则》等有关规定，中 ...

中工国际工程股份有限公司董事会 2025 年 10 月 30 日 证券代码：002051 证券简称：中工国际 公告编号：2025－060 中工国际工程股份有限公司 关于选举职工代表董事的公告 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。 根据《公司法》等法律法规、规范性文件和《中工国际工程股份 有限公司章程》的规定，中工国际工程股份有限公司（以下简称"公 司"）于 2025 年 10 月 29 日召开职工代表大会，经与会职工代表讨论 和民主表决，选举孙玉峰先生为公司第八届董事会职工代表董事（简 历详见附件），任期自本次职工代表大会选举通过之日起至公司第八 届董事会任期届满之日止。 本次选举职工代表董事工作完成后，公司董事会中兼任公司高级 管理人员以及由职工代表担任的董事人数总计未超过公司董事总数 的二分之一，符合相关法律法规和规范性文件的规定。 附件：职工代表董事简历 特此公告。 1 附件：职工代表董事简历 孙玉峰先生：41 岁，研究生学历，高级工程师。曾任中国农业 机械化科学研究院生物质能工程技术研究中心业务经理，中国机械工 业集团有限公司综合管理部秘书、 ...

证券代码：002051 证券简称：中工国际 公告编号：2025－062 中工国际工程股份有限公司 关于全资子公司拟开展不超过 8 亿元应收款项资产支持专项计 划暨关联交易的公告 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。 一、资产支持专项计划概述 1、基本情况 中工国际工程股份有限公司（以下简称公司）的全资子公司中工国 际工程（江苏）有限公司（以下简称中工江苏）拟开展不超过 8 亿元应 收款项资产支持专项计划，即将其不超过 8 亿元人民币的海外工程承包 项目应收账款作为基础资产，转让给"中信建投-国机保理第 1-20 期资 产支持专项计划"第 2 期（实际以证券交易所审核为准，以下简称本期 专项计划），并委托关联方国机资本控股有限公司（以下简称国机资本） 为本次交易提供金融综合服务。 2、关联关系 二、资产支持专项计划基本情况 1、基础资产及规模：本次资产支持专项计划的基础资产为中工江 苏依照国际工程承包项目商务合同的约定履行义务后，应收取而尚未收 取的工程款项、成套设备出口及服务等应收账款及其附属担保权益，总 规模不超过人民币 8 亿元。 2、各方职责： ...

证券代码：002051 证券简称：中工国际 公告编号：2025－059 中工国际工程股份有限公司 2025 年度第二次临时股东会决议公告 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。 重要提示： 1、本次股东会未出现否决议案的情形。 2、本次股东会不涉及变更前次股东大会决议的情况。 一、会议召开情况 1、召开时间： （1）现场会议召开时间为：2025 年 10 月 29 日下午 2:00 （2）网络投票时间为：2025 年 10 月 29 日 通过深圳证券交易所交易系统投票时间为：2025 年 10 月 29 日 上午 9:15-9:25，9:30-11:30 和下午 1:00-3:00 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 10 月 29 日上午 9:15 至下午 3:00 2、现场会议召开地点：北京市海淀区丹棱街 3 号 A 座 10 层多 功能厅 3、会议召开方式：现场表决和网络投票相结合的方式 — 1 — 公司董事、部分监事和高级管理人员、见证律师出席或列席了 本次会议。 三、议案审议和表决情况 本次股东会以现场投票和网络投 ...