Core Viewpoint - The company, Zhonggong International, emphasizes high-quality development in its overseas projects, focusing on high standards, sustainability, and benefiting people's livelihoods [1][7]. Group 1: Project Developments - The Uzbekistan Andijan Municipal Solid Waste Incineration Power Project has successfully completed the installation of the first boiler steel frame, which is 11 meters high and weighs approximately 5 tons, marking a significant milestone in the project [2][8]. - The completion of the boiler steel frame installation signifies the official start of the project installation work, laying a solid foundation for the subsequent installation of the boiler body, heating surfaces, and various auxiliary equipment [4][10]. - The Nicaragua Liquefied Petroleum Gas Storage Facility Project has successfully completed the installation of the upper plate of tank V7054, marking the end of the lifting operations and transitioning the project into the welding construction phase [5][11]. - The Nigeria Jigawa State Agricultural Mechanization Center Project has seen the arrival and assembly of 300 tractors, completing all contractual obligations and entering the acceptance phase [7][13]. Group 2: Strategic Importance - The Nicaragua project is a flagship initiative for the company in the Latin American market, adhering to high standards and strict requirements, which creates favorable conditions for future work [7][13]. - The Nigeria project exemplifies the company's successful practice of promoting "Guo Ji Equipment" going global and supports the Belt and Road Initiative, contributing to agricultural development in the region [7][13].

Core Viewpoint - Zhonggong International (002051) has experienced a decline in both revenue and net profit for the first three quarters of 2025, indicating potential challenges in its operational performance [2]. Financial Performance - For the first three quarters of 2025, the company reported a main revenue of 7.125 billion yuan, a year-on-year decrease of 17.25% [2]. - The net profit attributable to shareholders was 247 million yuan, down 23.68% year-on-year [2]. - The company's net profit after deducting non-recurring items was 235 million yuan, showing a slight increase of 0.61% [2]. - In Q3 2025, the single-quarter main revenue was 2.338 billion yuan, down 24.85% year-on-year [2]. - The single-quarter net profit attributable to shareholders was 69.82 million yuan, up 35.16% year-on-year [2]. - The single-quarter net profit after deducting non-recurring items was 65.03 million yuan, up 54.38% year-on-year [2]. - The company's debt ratio stood at 53.68% [2]. - Investment income was reported at 66.43 million yuan, with financial expenses at -23.65 million yuan [2]. - The gross profit margin was 18.57% [2]. Market Activity - As of January 12, 2026, Zhonggong International's stock closed at 8.81 yuan, down 0.23% [1]. - The turnover rate was 1.85%, with a trading volume of 228,400 hands and a transaction amount of 200 million yuan [1]. - On January 12, the net inflow of main funds was 8.5729 million yuan, accounting for 4.28% of the total transaction amount [1]. - The net inflow of speculative funds was 7.5233 million yuan, accounting for 3.76% of the total transaction amount [1]. - Retail investors experienced a net outflow of 16.0962 million yuan, representing 8.04% of the total transaction amount [1]. Analyst Ratings - In the last 90 days, four institutions provided ratings for Zhonggong International, with three giving a "buy" rating and one an "increase" rating [2]. - The average target price set by institutions over the past 90 days is 10.09 yuan [2].

Core Viewpoint - The company emphasizes its commitment to technological innovation and its competitive advantages in the engineering sector, despite facing challenges in the current market environment [1]. Group 1: Company Strengths - The company has established itself as a leader in the "going out" strategy, showcasing strong international operations and innovative financing capabilities [1]. - It possesses advanced core technologies in high-end equipment manufacturing, logistics warehousing, and automation control systems, with its detachable cableway technology reaching an advanced level compared to international peers [1]. - The company holds a leading position in sectors such as medical construction, cableway systems, and solid waste lifting, along with strong technical and research capabilities in energy, logistics, and civil construction [1]. Group 2: Market Position and Challenges - The valuation of the civil engineering construction industry, where the company operates, has been at historically low levels, putting pressure on the company's stock price [1]. - The company's price-to-book ratio is currently higher than the industry average, indicating potential challenges in market perception [1]. - The company aims to enhance the quality of its listed entity and improve market value management to boost investment value and shareholder returns, guiding the company's value towards reasonable recovery [1].

Core Viewpoint - The solid-state battery industry is accelerating towards commercialization, with significant advancements and market interest in related stocks [4][19]. Market Performance - On January 6, the A-share market saw major indices rise, with the Shanghai Composite Index closing up 1.5%, marking a 13-day consecutive increase and reaching a ten-year high [12]. - Several sectors, including non-ferrous metals, non-bank financials, and defense, saw gains exceeding 3%, while others like oil and coal also performed well [14]. - Over 400 stocks increased by more than 5%, with notable historical highs reached by companies such as Zijin Mining and China Pacific Insurance [14]. Solid-State Battery Developments - Donut Lab announced the launch of the world's first commercially viable all-solid-state battery, set to be showcased at CES 2026 [18]. - This battery boasts advantages in energy density, charging speed, cycle life, and adaptability to extreme environments, potentially transforming the electric vehicle industry [19]. - The industry consensus is moving towards solid-state technology, with expectations for small-scale production and process stabilization by 2027 [19]. Company Insights - Companies like Tianqi Lithium and Xiamen Tungsten have been highlighted for their advancements in solid-state battery materials and production capabilities [20][21]. - Analysts predict significant profit growth for solid-state battery concept stocks, with companies like Enjie and Rongbai Technology expected to see net profits double this year [10][22]. - The solid-state battery sector is anticipated to benefit from new manufacturing processes and equipment, with firms specializing in solid-state battery production likely to gain a competitive edge [8][21].

Core Viewpoint - Zhonggong International (002051) has announced a share buyback plan aimed at reducing registered capital, with a total budget of 50 million to 100 million yuan, and a maximum buyback price of 12.85 yuan per share [1] Group 1: Stock Performance - As of January 5, 2026, Zhonggong International's stock closed at 8.68 yuan, down 4.3% from the previous trading day, with a total market capitalization of 10.741 billion yuan [1] - The stock opened at 8.95 yuan, reached a high of 8.96 yuan, and a low of 8.61 yuan, with a trading volume of 263 million yuan and a turnover rate of 2.43% [1] Group 2: Share Buyback Details - The company held a board meeting on October 13, 2025, and a temporary shareholders' meeting on October 29, 2025, to approve the share buyback plan [1] - As of December 31, 2025, the company had repurchased 2,633,400 shares, accounting for 0.21% of the total share capital, with a maximum transaction price of 9.09 yuan per share and a minimum of 8.83 yuan per share [1] - The total amount spent on the buyback was 23,593,582 yuan (excluding transaction fees), and the buyback complies with relevant regulations [1]

Group 1 - The company, Zhonggong International, announced on January 5 that it implemented its first share buyback on December 1, 2025 [1] - As of December 31, 2025, the company repurchased approximately 2.63 million shares, accounting for 0.21% of its total share capital [1] - The highest transaction price during the buyback was 9.09 CNY per share, while the lowest was 8.83 CNY per share, with a total expenditure of approximately 23.59 million CNY [1] Group 2 - The iMoutai App saw a surge in popularity, reaching the top of the Apple shopping chart, with 10,000 users placing orders for the product [1] - The limited stock of 1,000 boxes of Feitian Moutai priced at 1,499 CNY sold out quickly, indicating strong demand [1]

Core Viewpoint - The company, Zhonggong International (002051.SZ), has successfully executed its first share buyback on December 1, 2025, demonstrating its commitment to returning value to shareholders through strategic capital management [1] Group 1: Share Buyback Details - The company repurchased a total of 2,633,400 shares, which represents 0.21% of its total share capital [1] - The highest transaction price during the buyback was 9.09 CNY per share, while the lowest was 8.83 CNY per share [1] - The total amount spent on the buyback was 23,593,582.00 CNY, excluding transaction fees [1] Group 2: Funding and Compliance - The funds for the share buyback were sourced from the company's own capital and a special loan for stock repurchase [1] - The buyback price did not exceed the upper limit set in the company's buyback plan, ensuring compliance with relevant laws and regulations [1]

格隆汇1月5日丨中工国际(002051.SZ)公布，公司于2025年12月1日实施了首次股份回购，截至2025年12 月31日，公司通过股份回购专用证券账户以集中竞价方式回购公司股份2,633,400股，占公司总股本的比 例为0.21%，最高成交价为9.09元/股，最低成交价为8.83元/股，支付的资金总额为人民币23,593,582.00 元（不含交易费用）。本次回购股份资金来源为公司自有资金及股票回购专项贷款，回购价格未超过回 购方案中拟定的价格上限。本次回购符合相关法律法规及公司既定的回购股份方案。 ...

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。 中工国际工程股份有限公司（以下简称"公司"或"中工国际"） 于 2025 年 10 月 13 日召开第八届董事会第十四次会议，于 2025 年 10 月 29 日召开 2025 年第二次临时股东会，审议通过了《关于回购 公司股份方案的议案》，同意公司以自有资金和自筹资金通过深圳证 券交易所以集中竞价交易方式回购公司股份，回购的股份全部用于注 销并减少注册资本，回购价格不超过 12.85 元/股。回购的资金总额不 低于人民币 5,000 万元（含本数），不超过人民币 10,000 万元（含本 数），回购实施期限为自公司股东会审议通过本次回购股份方案之日 起 12 个月内。上述内容详见公司于 2025 年 10 月 14 日、2025 年 10 月 30 日、2025 年 11 月 5 日在巨潮资讯网分别披露的《关于回购公 司股份方案的公告》（公告编号：2025-051）、《关于回购股份用于 注销并减少注册资本暨通知债权人的公告》（公告编号：2025-064）、 《回购股份报告书》（公告编号：2025-066）。 证 ...

中工国际公告称，2025年公司通过股东大会审议，同意以不超12.85元/股回购5000万-10000万元股份用 于注销并减资。截至2025年末，公司已回购263.34万股，占总股本0.21%，最高成交价9.09元/股，最低 成交价8.83元/股，支付资金2359.36万元（不含交易费）。资金源于自有资金及专项贷款，回购符合相 关规定。公司将按规在回购期内择机回购并及时披露。 ...