Core Viewpoint - The company has approved a share repurchase plan, initially set at a maximum price of RMB 9.00 per share, later adjusted to RMB 15.60 per share, using self-raised funds and special loans for the repurchase [2][3]. Summary by Sections Share Repurchase Plan - The company plans to repurchase shares using no less than RMB 15 million and no more than RMB 30 million, with a repurchase period of 12 months from the board's approval date [2]. - The maximum repurchase price was adjusted from RMB 9.00 to RMB 15.60 per share, while other aspects of the repurchase plan remain unchanged [2]. First Share Repurchase Execution - On October 30, 2025, the company executed its first share repurchase, acquiring 772,600 shares, which is 0.06% of the total share capital, at a total cost of approximately RMB 9.48 million [3]. - The repurchase price ranged from RMB 12.18 to RMB 12.36 per share, which is within the adjusted maximum price limit [3]. Compliance and Regulations - The company adhered to relevant regulations during the repurchase, ensuring no shares were bought during sensitive periods or at prices exceeding the daily trading limits [4]. - The company will continue to implement the repurchase plan based on market conditions and will fulfill its disclosure obligations as required by law [4].

Core Viewpoint - Hongrun Construction reported a significant increase in both revenue and net profit for the third quarter of 2025, indicating strong financial performance and growth potential in the construction industry [1] Financial Performance - The company achieved an operating revenue of 1.392 billion yuan, representing a year-on-year growth of 8.96% [1] - The net profit attributable to shareholders reached 100 million yuan, showing a substantial year-on-year increase of 60.76% [1] - The net profit after deducting non-recurring gains and losses was 101 million yuan, reflecting a year-on-year growth of 66.95% [1] Company Background - Since its establishment, the company has been engaged in engineering construction in municipal, rail transit, and building sectors, showcasing a diverse range of construction capabilities [1] - The company has developed expertise in urban roads, elevated interchanges, highway bridges, rail transit, underground engineering, building construction, and ecological environmental projects [1] - Over the years, the company has accumulated management experience and improved its quality control system, establishing a strong brand image and gaining wide market recognition [1]

Core Viewpoint - Hongrun Construction's stock price has shown significant growth this year, with a year-to-date increase of 140.47%, despite a recent decline in trading [1][2]. Group 1: Stock Performance - As of October 31, Hongrun Construction's stock price was 12.05 CNY per share, with a trading volume of 2.32 billion CNY and a market capitalization of 149.09 billion CNY [1]. - The stock has experienced a 7.59% increase over the last five trading days and a 134.89% increase over the last 60 days [1]. - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent net purchase of 5.57 million CNY on September 30 [1]. Group 2: Company Overview - Hongrun Construction Group Co., Ltd. was established on December 29, 1994, and went public on August 16, 2006. The company is based in Shanghai and operates in municipal public works, building construction, urban rail transit engineering, and real estate development [2]. - The revenue composition of the company includes 76.18% from construction and municipal infrastructure investment, 20.80% from renewable energy development, 5.53% from real estate development, and 0.69% from other businesses [2]. - As of September 30, 2025, the number of shareholders increased by 2.55% to 35,200, while the average circulating shares per person decreased by 2.48% to 31,972 shares [2]. Group 3: Financial Performance - For the period from January to September 2025, Hongrun Construction reported a revenue of 4.262 billion CNY, a year-on-year decrease of 0.47%, and a net profit attributable to shareholders of 244 million CNY, down 2.41% year-on-year [2]. - The company has distributed a total of 1.293 billion CNY in dividends since its A-share listing, with 342 million CNY distributed over the past three years [3]. - As of September 30, 2025, Hong Kong Central Clearing Limited is the fourth-largest circulating shareholder, holding 16.576 million shares as a new shareholder [3].

Company Overview - Hongrun Construction (SZ 002062) announced its first share buyback on October 30, 2025, through a centralized bidding transaction, repurchasing approximately 770,000 shares, which accounts for 0.06% of the total share capital, with a total expenditure of about 9.48 million yuan [1]. Financial Performance - For the first half of 2025, the revenue composition of Hongrun Construction is as follows: 37.56% from rail transit projects, 25.88% from municipal projects, 20.8% from new energy business, 10.28% from building construction projects, and 4.86% from real estate sales [1]. Market Capitalization - As of the report date, Hongrun Construction has a market capitalization of 15.2 billion yuan [1].

宏润建设集团股份有限公司 关于首次回购股份的公告 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。 宏润建设集团股份有限公司（以下简称"公司"）于2025年8月25日召开第十 一届董事会第三次会议，审议通过了《关于回购公司股份方案的议案》，同意公 司使用不低于人民币15,000万元（含本数）且不超过人民币30,000万元（含本数） 的自筹资金和回购专项贷款，以集中竞价交易的方式回购公司已发行的部分A股 股份，回购股份的价格不超过人民币9.00元/股，回购期限自董事会审议通过本次 回购股份方案之日起12个月。公司于2025年10月28日召开第十一届董事会第四次 会议，审议通过了《关于调整公司回购股份价格上限的议案》，将回购股份价格 上限由人民币9.00元/股调整为人民币15.60元/股，除调整回购股份价格上限以外， 回购股份方案的其他内容不变。上述议案具体内容详见公司分别于2025年8月27 日、2025年10月28日披露于《中国证券报》《上海证券报》《证券时报》及巨潮资 讯网（http://www.cninfo.com.cn）的《关于回购股份方案暨取得股票回购专 ...

Core Viewpoint - Hongrun Construction (002062) reported strong performance in Q3 2025, with revenue of 1.392 billion yuan, a year-on-year increase of 8.96%, and a net profit attributable to shareholders of 100 million yuan, up 60.76% [1] Financial Performance - Q3 revenue reached 1.392 billion yuan, marking an 8.96% increase year-on-year [1] - Net profit attributable to shareholders was 100 million yuan, reflecting a 60.76% growth [1] - Non-recurring net profit was 101 million yuan, with a growth rate of 66.95% [1] - Operating cash flow improved significantly to 197 million yuan [1] - Weighted average return on equity increased by 0.28 percentage points to 1.99% [1] - Shareholder equity grew by 2.54% to 5.073 billion yuan [1] Business Segments - Main business includes construction and renewable energy [1] - In construction, the company focuses on rail transit, municipal infrastructure, and building construction, primarily using a general contracting model [1] - In renewable energy, the company is building a vertically integrated industry chain, optimizing its business structure and profitability [1] Industry Position - Hongrun Construction is the first private enterprise in China to conduct urban rail transit underground shield construction [2] - The company holds multiple core technical experiences in urban rail transit, bridges, and tunnels [2] - It possesses dual first-class qualifications in municipal public and construction engineering general contracting, as well as dual first-class design qualifications [2] - Recognized as a special-grade enterprise for construction engineering by the Ministry of Housing and Urban-Rural Development [2] Strategic Initiatives - The company is expanding its comprehensive energy service sector by leveraging its high-tech qualifications and construction expertise [3] - A joint venture with Shanghai Matrix Super Intelligence aims to develop humanoid robots, with Hongrun holding a 60% stake [3] - The joint venture is located in Ningbo and will focus on the civilian market while collaborating with the local automotive and robotics supply chain [3] - Investment in Jingzhi Technology focuses on quadruped robot technology, particularly in mechanical structure, with applications in inspection and security [3] Market Outlook - Huaxi Securities research indicates that the company’s embrace of embodied intelligence may lead to rapid development in the robotics sector [4]

Core Points - Hongrun Construction announced an adjustment to its share repurchase plan, raising the maximum repurchase price from RMB 9.00 per share to RMB 15.60 per share [1] - The new maximum repurchase price is set at no more than 150% of the average trading price of the company's shares over the 30 trading days prior to the board resolution [1] - Other aspects of the share repurchase plan remain unchanged [1]

证券代码：002062 证券简称：宏润建设 公告编号：2025-054 该报告详细内容参见2025年10月30日刊登于《中国证券报》《上海证券报》 《证券时报》和巨潮资讯网（www.cninfo.com.cn）的《2025年第三季度报告》。 2、审议通过《关于调整公司回购股份价格上限的议案》。 宏润建设集团股份有限公司 第十一届董事会第四次会议决议公告 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。 宏润建设集团股份有限公司（以下简称"公司"）第十一届董事会第四次会议 于2025年10月18日以电子邮件及专人送达等方式向全体董事发出书面通知，于 2025年10月28日下午在上海宏润大厦17楼会议室召开。会议由董事长郑宏舫召集 并主持。会议应到董事9名，实到董事9名。公司监事、董事会秘书和高管人员列 席会议。会议召开符合有关法律、法规、规章和公司章程的有关规定。 经全体与会董事审议并表决，通过如下决议： 1、审议通过《公司2025年第三季度报告》； 表决结果：同意9票，反对0票，弃权0票。 为保障回购股份方案的顺利实施，有效维护公司价值及股东权益，公司拟将 回购 ...

证券代码：002062 证券简称：宏润建设 公告编号：2025-055 鉴于公司股票价格持续高于回购股份方案拟定的回购价格上限，为保障本次 回购股份方案的顺利实施，有效维护公司价值及股东权益，公司拟将回购股份价 格上限由人民币 9.00 元/股调整为人民币 15.60 元/股。除调整回购股份价格上限 宏润建设集团股份有限公司 关于调整回购股份价格上限的公告 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。 重要内容提示： 1、为保障本次回购股份方案顺利实施，将回购股份价格上限由人民币 9.00 元/股调整为人民币 15.60 元/股，该调整后的回购股份价格上限不高于公司董事 会决议前 30 个交易日公司股票交易均价的 150%。除调整回购股份价格上限外， 本次回购股份方案的其他内容不变。 2、本次调整回购价格已经公司第十一届董事会第四次会议审议通过，无需 提交公司股东大会审议。 宏润建设集团股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开 第十一届董事会第四次会议，审议通过了《关于调整公司回购股份价格上限的议 案》，现将具体情况公告如下： ...

Financial Performance - The company's operating revenue for Q3 2025 reached ¥1,391,857,401.57, an increase of 8.96% compared to the same period last year[4] - Net profit attributable to shareholders was ¥100,413,702.65, representing a significant increase of 60.76% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was ¥100,528,541.56, up 66.95% from the previous year[4] - Basic and diluted earnings per share were both ¥0.08, reflecting a 33.33% increase compared to the same period last year[4] - Net profit for the period was CNY 217,406,667.74, down 35.5% from CNY 337,361,441.52 in the previous period[16] - The net profit attributable to the parent company's shareholders was 243,621,048.52, a slight decrease of 2.0% compared to 249,632,980.21 in the previous period[17] - The total comprehensive income attributable to the parent company's owners was 243,614,416.52, compared to 249,626,956.21 in the previous period, reflecting a decrease of approximately 2.4%[17] - Basic and diluted earnings per share were both 0.20, down from 0.23 in the previous period, indicating a decline of about 13.0%[17] Assets and Liabilities - Total assets at the end of the reporting period were ¥14,378,770,765.95, a decrease of 5.26% from the end of the previous year[4] - The company's total assets amounted to CNY 14,378,770,765.95, a decrease from CNY 15,177,094,225.64 in the previous period[14] - Total liabilities decreased to CNY 9,172,118,514.73 from CNY 9,973,788,260.76, reflecting a reduction of 8.06%[14] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 35,177[9] - Zhejiang Hongrun Holdings Co., Ltd. held 30.48% of the shares, making it the largest shareholder[9] Cash Flow - The company reported a net cash flow from operating activities of ¥197,367,863.84 for the year-to-date period[4] - The increase in net profit and cash flow was attributed to receiving electricity subsidies from previous years and reversing credit impairment losses in the new energy business[7] - The net cash flow generated from operating activities was 197,367,863.84, a significant improvement from a net cash outflow of -53,629,259.85 in the previous period[20] - The cash inflow from operating activities was 4,594,785,859.39, an increase of 10.9% from 4,143,407,648.60 in the previous period[19] - The cash outflow from investing activities was 228,613,958.78, compared to 183,423,385.98 in the previous period, indicating an increase of about 24.6%[20] - The net cash flow from financing activities was -203,774,420.61, worsening from -44,333,941.79 in the previous period[21] Other Financial Metrics - Total operating revenue for the period was CNY 4,261,953,919.22, a slight decrease of 0.47% compared to CNY 4,282,056,041.72 in the previous period[16] - Total operating costs increased to CNY 4,106,249,862.24, up 6.05% from CNY 3,872,248,912.47 in the prior period[16] - The company's cash and cash equivalents were CNY 26,613,382.65, down from CNY 55,220,110.46 in the previous period[13] - Accounts receivable decreased to CNY 1,386,417,352.95 from CNY 1,906,392,059.26, indicating a reduction of 27.2%[13] - Inventory decreased to CNY 1,098,870,293.00 from CNY 1,243,022,075.00, a decline of 11.6%[13] - Long-term equity investments increased to CNY 1,438,015,811.81 from CNY 1,310,609,371.77, an increase of 9.7%[13] - The company reported research and development expenses of CNY 119,944,785.72, up from CNY 112,088,188.42, reflecting a growth of 7.9%[16] - Cash and cash equivalents at the end of the period totaled 2,765,187,828.58, compared to 2,373,253,999.35 at the end of the previous period, representing an increase of approximately 16.5%[21] - The total cash inflow from financing activities was 1,357,380,118.23, down from 1,540,952,044.93 in the previous period, reflecting a decrease of approximately 11.9%[21] - The company reported a decrease in other comprehensive income attributable to the parent company, with a net amount of -6,632.00 compared to -6,024.00 in the previous period[17]