证券日报网讯2月13日，金螳螂（002081）在互动平台回答投资者提问时表示，公司装修业务所涉及的 主要为钢、铝等基础金属材料，金、银等贵金属基本未涉及。同时，公司在项目投标与合同签订过程 中，已将原材料市场价格波动因素纳入报价机制予以统筹考量。当前相关材料的价格变化对公司整体利 润影响有限。 ...

2026年2月，金螳螂作为联合体牵头人，成功中标苏州融置房地产开发有限公司"DK20210188地块项目 装修及智能化工程"，中标金额2.42亿元，其中公司承接的装修工程部分暂估价约2.06亿元，占2024年经 审计营业收入的1.12%。公司表示该项目预计实施后对业务发展和经营业绩产生积极影响，但不会影响 业务独立性。 业务与技术发展 经济观察网金螳螂（002081）近期中标苏州一房地产项目装修及智能化工程，金额2.42亿元，并持续布 局半导体洁净室业务。 公司项目推进 公司在电子洁净室业务方面持续布局，持有相关资质并已落地多个项目，如南京集成电路产业服务中 心、杰华特微电子高性能电源芯片项目等。金螳螂在2025年12月的投资者回复中表示，未来将加大该领 域的研发与市场开拓力度，作为洁净科技板块的核心方向之一。 以上内容基于公开资料整理，不构成投资建议。 ...

Group 1 - Fangda Carbon plans to acquire 100% equity of Tianjin Tongda Huanyu Logistics Co., Ltd. for 319 million yuan [1] - Xiamen Tungsten intends to acquire 39% equity of Jiujiang Dadi Mining Development Co., Ltd. and has signed an intention agreement with a transferor [6] - Wenkai Co. has won a bid for a landscape project worth 50.8162 million yuan [7] Group 2 - Changchun High-tech's subsidiary Jin Sai Pharmaceutical received approval for a clinical trial application for GenSci136, a treatment for IgA nephropathy [3] - China National Pharmaceutical has received drug registration certificates for fumaric acid volnoral tablets, used for treating reflux esophagitis [12] - Zhenhua Group plans to issue convertible bonds not exceeding 1.2 billion yuan [26] Group 3 - CSG Holding's stock may undergo a control change due to share pledge judicial transfer [30] - Ningbo Yunsheng plans to issue H-shares and apply for listing on the Hong Kong Stock Exchange [19] - Keda Guochuang's controlling shareholder intends to transfer 5% of the company's shares through an agreement [28] Group 4 - A number of companies, including Finer Pharma, Yixing Guoyuan Investment, and others, have announced plans to reduce their shareholdings by various percentages [2][4][9][11][15][16][20][21][22][23][25][29] - Highweida plans to repurchase shares worth 30 to 35 million yuan [17] - ST Zhongzhu is under investigation by the China Securities Regulatory Commission for suspected information disclosure violations [24] Group 5 - A number of companies, including Jiekang Equipment and others, have faced legal issues or penalties [27][40] - Aclaris Therapeutics has clarified that reports regarding its robotic products entering mass production were misinterpreted [41]

Core Viewpoint - The company, Jin Tanglang (002081.SZ), has successfully won a bid for a project in Suzhou, indicating its strong position in the market and potential for revenue growth [1] Group 1: Project Details - The company is the lead entity in a consortium that includes Jiangsu Langjietong Intelligent Technology Co., Ltd. [1] - The project involves renovation and intelligent engineering for the "DK20210188 land project" developed by Suzhou Rongzhi Real Estate Development Co., Ltd. [1] - The total bid amount for the project is 242 million yuan [1]

Core Viewpoint - The company, Jintanglang (002081.SZ), has successfully won a bid for a project in collaboration with Jiangsu Langjietong Intelligent Technology Co., Ltd., indicating a strong position in the market for renovation and intelligent engineering projects [1] Group 1 - The company is the leading entity in a consortium that has secured a contract for the "DK20210188 land project renovation and intelligent engineering" for Suzhou Rongzhi Real Estate Development Co., Ltd. [1] - The total bid amount for the project is 242 million yuan [1]

Core Viewpoint - The company, Jin Tanglang (002081.SZ), has successfully won a bid for the "DK20210188 land project renovation and intelligent engineering" project, with a total bid amount of 242 million RMB, which is expected to positively impact its business development and operating performance [1] Group 1: Project Details - The project bid amount is 242 million RMB, with the company's estimated renovation project value at 206 million RMB [1] - The renovation project value represents 1.12% of the company's audited revenue for the fiscal year 2024 [1] Group 2: Business Impact - Successful implementation of the project is anticipated to have a positive effect on the company's business development and operating performance [1] - The execution of the project will not affect the company's business independence, and it will not create dependency on the owner [1]

本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 证券代码：002081 证券简称：金螳螂 公告编号：2026-004 苏州金螳螂建筑装饰股份有限公司 关于工程中标的自愿性披露公告 近日，苏州金螳螂建筑装饰股份有限公司（以下简称"公司"）作为联合体 牵头人，与联合体成员江苏朗捷通智能科技有限公司（以下简称"朗捷通"）成 功中标苏州融置房地产开发有限公司"DK20210188 地块项目装修及智能化工程" 项目。具体情况如下： 一、中标项目的基本情况 1、项目名称：DK20210188 地块项目装修及智能化工程 2、招标单位：苏州融置房地产开发有限公司 3、中标金额：24,191.27 万元，其中，公司承接的装修工程暂估价为人民币 20,587.5 万元。 二、项目中标对公司的影响 上述项目中标金额为 24,191.27 万元，其中，公司承接的装修工程暂估价为 人民币 20,587.5 万元，占公司 2024 年度经审计营业收入的 1.12%。上述项目能 够顺利实施，预计对公司业务发展及经营业绩产生较为积极的影响。上述项目的 履行不影响公司业务的独立性，公司不会因为 ...

Group 1 - The company, as the lead of a consortium, successfully won the bid for the "DK20210188 land project decoration and intelligent engineering" project from Suzhou Rongzhi Real Estate Development Co., Ltd. [1] - The total bid amount is 242 million yuan, with the company's estimated value for the decoration project being 206 million yuan. [1]

Investment Rating - The report maintains a "Buy" rating for key companies in the construction and decoration industry, particularly focusing on state-owned enterprises such as China State Construction and China Railway Construction [4][17]. Core Insights - The real estate industry is experiencing a stabilization in expectations due to positive policy catalysts since the beginning of 2026, with a focus on stabilizing expectations, reducing costs, enhancing guarantees, and promoting transformation [10][4]. - Key policies include tax exemptions on housing sales after two years, reduced mortgage rates, and relaxed financing regulations, which are expected to stimulate demand and improve market conditions [10][4]. - The average price of new residential properties in 100 cities in China increased by 0.18% month-on-month and 2.52% year-on-year in January 2026, indicating marginal improvement in sales prices [2][11]. - The transaction volume of second-hand houses in 13 monitored cities rose by 16% month-on-month and 33% year-on-year in January 2026, suggesting a recovery in market activity [2][11]. Summary by Sections Industry Overview - The report highlights that the real estate sector has seen a significant decline in key metrics, with investment, sales area, and sales amount dropping by 44% to 74% from their peak values, reaching historical lows [2][14]. - It is anticipated that the decline in these metrics will narrow, leading to a gradual bottoming out of the industry [13][2]. Company Analysis - Major construction companies like China State Construction, China Railway Construction, and Shanghai Construction are expected to benefit directly from the recovery in real estate sales, which will drive profit and valuation recovery [3][15]. - The report emphasizes that the real estate business accounts for a significant portion of these companies' revenues and assets, with China State Construction's real estate revenue accounting for 12% and gross profit for 20% [15][16]. Investment Recommendations - The report recommends focusing on leading companies in the construction and decoration sectors, including China State Construction (PE 4.4X, dividend yield 5.5%), China Railway Construction (PE 4.6X, dividend yield 4.0%), and Shanghai Construction (PE 13X) [4][17]. - Other notable mentions include decoration leader Jin Tanglong (PE 16X) and design leader Huayang International (PE 22X) [4][17].

- The report introduces a quantitative model framework for market trend analysis, focusing on five asset style stages: external growth, quality growth, quality dividend, value dividend, and bankruptcy value. The model evaluates assets based on their intrinsic attributes and prioritizes them using the sequence of g > ROE > D, analyzing whether there are "good assets" and whether they are "expensive" [5][8][9] - The model incorporates key factors such as expected growth (gf), actual growth (g), profitability (ROE), high dividend (D), and bankruptcy value (B/P). Each factor is associated with specific market phases, e.g., expected growth is relevant across all phases, while profitability is emphasized during maturity phases [9][12] - The quantitative model has demonstrated strong historical performance, achieving an annualized return of 27.67% since 2009. It has shown consistent excess returns in most years, particularly post-2017, with limited effectiveness in years like 2011, 2012, and 2016 [19][22] - The model's backtesting results for specific years include notable excess returns, such as 51% in 2009, 36% in 2013, and 62% in 2022. However, it also recorded underperformance in years like 2011 (-11%) and 2014 (-4%) [22] - The report details six specific strategies derived from the model, each focusing on different factors: - **Expected Growth Strategy**: Selects industries with the highest analyst-forecasted growth rates. Recent recommendations include sectors like automotive sales, lithium equipment, and tungsten [38][39] - **Actual Growth Strategy**: Focuses on industries with the highest unexpected growth (△g). Current recommendations include photovoltaic equipment, insurance, and coal chemical sectors [40][41] - **Profitability Strategy**: Targets high-ROE industries with low valuations under the PB-ROE framework. Recommended sectors include copper, liquor, and non-dairy beverages [43][44] - **Quality Dividend Strategy**: Utilizes a DP+ROE scoring system to identify industries. Current recommendations include forestry, lithium equipment, and fiberglass [46][47] - **Value Dividend Strategy**: Employs a DP+BP scoring system. Recommended sectors include security, daily chemicals, and buses [49][50] - **Bankruptcy Value Strategy**: Focuses on industries with the lowest PB+SIZE scores. Current recommendations include automotive sales, ceramics, and cotton textiles [53][54]