Investment Rating - The report maintains a positive outlook on industry leaders with low valuations, particularly China Chemical [1][3]. Core Viewpoints - The construction and building materials industry is currently at the bottom of its economic cycle, with expectations for stabilization and recovery due to supportive government policies [1][2]. - Recent government meetings emphasized the need for high-quality investment and the activation of private investment, which could enhance the industry's outlook [1]. - The report highlights the recent approval of two coal-to-natural gas projects in Xinjiang, marking a significant step towards low-carbon and clean development in the coal chemical industry [1]. Market Overview - As of August 1, 2025, the newly issued local government special bonds amounted to 183.204 billion yuan, a week-on-week decrease of 10.82% [2]. - In July, the total new local government special bonds issued reached 616.936 billion yuan, a month-on-month increase of 17.04% and a year-on-year increase of 119.18% [2]. - The construction index fell by 2.51% and the building materials index fell by 3.32% during the week of July 28 to August 1, 2025 [10]. Cement Market Analysis - National cement prices continued to decline, with a week-on-week drop of 0.3% as of August 1, 2025 [41]. - The average national cement price was 339.7 yuan per ton, with significant regional variations [46]. - The report anticipates a stabilization in cement prices in the short term, despite current demand not showing significant improvement [41]. Company Performance and Valuation - The report strongly recommends focusing on major construction blue-chip stocks such as China Communications Construction, China Railway Construction, and China State Construction [3]. - The construction sector's overall valuation is at a historical low, with the current price-to-earnings (P/E) ratios for the construction and building materials sectors at 8.72 and 19.67, respectively [18]. - Key companies in the construction sector are experiencing varying growth rates in new orders, with China Railway Construction showing a decline in order growth in recent quarters [63].

Core Viewpoint - China Haisong (002116.SZ) currently has no plans for asset restructuring [1] Summary by Relevant Sections - Company Status - The company has confirmed through its interactive platform that there are no ongoing plans for asset restructuring [1]

证券之星消息，7月31日专业工程板块较上一交易日下跌1.54%，时空科技领跌。当日上证指数报收于 3573.21，下跌1.18%。深证成指报收于11009.77，下跌1.73%。专业工程板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 000032 | 深桑达A | 3091.75万 | 4.19% | 425.77万 | 0.58% | -3517.52万 | -4.76% | | 300986 | 志特新材 | 1570.44万 | 5.02% | -552.26万 | -1.76% | -1018.19万 | -3.25% | | 601133 | 柏诚股份 | 769.22万 | 7.91% | -247.97万 | -2.55% | -521.25万 | -5.36% | | 603637 | 镇海股份 | 574.78万 | 5.78% | -53.72万 | -0.54% | -5 ...

登录新浪财经APP 搜索【信披】查看更多考评等级 专题：专题|2024年度A股CFO数据报告：美的集团钟铮年薪946万，比亚迪周亚琳896万 作为上市公司核心管理层关键成员，财务总监CFO的地位与作用至关重要。新浪财经《2024年度A股CFO数据报告》显示，2024年A股上市公司财务总监 CFO群体薪酬规模合计达42.70亿元，平均年薪为81.48万元。 分行业来看，A股共有149家建筑装饰上市公司公开披露了CFO信息。受上游房地产行业疲软影响，2024年建筑装饰上市公司整体实现营收87347.82亿元，同 比下降3.9%；归母净利润录得1714.72亿元，较2023年下滑16.0%，不到三成公司营收、净利双增。 责任编辑：公司观察 半数以上的CFO身兼数职。报告期内，约17.6%的CFO兼任董事会秘书职位，接近三成CFO兼任总经理或副总经理职位，约10.8%的CFO同时担任审计委员会 成员、战略委员会成员或薪酬与考核委员会成员等董事会专门委员会职能。 隧道股份CFO葛以衡以246.12万元稳坐第一，约比第二名上海建科财务总监沈新根年薪略高不到3万元。值得关注的是，葛以衡也是公司的党委书记、董事 长，自201 ...

Core Viewpoint - China Haisong Engineering Technology Co., Ltd. has approved the use of idle raised funds for cash management, allowing the company to utilize 120 million yuan of idle funds for a period of 12 months, enhancing the efficiency of fund usage and potentially generating returns for the company and its shareholders [1][3]. Group 1: Cash Management Implementation - The company has recently used part of the idle raised funds to purchase safe and liquid principal-protected financial products [1]. - The board of directors and supervisory board have authorized the management to handle related matters and sign necessary documents regarding the cash management [1][5]. Group 2: Risk Analysis and Control Measures - The company acknowledges potential market volatility affecting the investment returns, despite the chosen products being of high safety and liquidity [2]. - Strict adherence to prudent investment principles will be maintained, avoiding investments in stocks, derivatives, and unsecured bonds [2]. - The financial management center will monitor product allocation and project progress, taking timely actions to mitigate risks if necessary [2]. Group 3: Impact on Company Operations - The cash management of idle funds will not affect the normal operation of the company's fundraising projects and will ensure the safety of the raised funds [3]. - This approach is expected to improve the efficiency of fund usage and provide better investment returns for the company and its shareholders [3].

证券代码：002116 证券简称：中国海诚 公告编号：2025-033 中国海诚工程科技股份有限公司 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。 中国海诚工程科技股份有限公司（以下简称"公司"）于 2024 年 议审议通过了《关于使用部分闲置募集资金进行现金管理的议案》， 同意公司在使用前次闲置募集资金进行现金管理到期后，继续使用 公司管理层根据实际情况办理相关事宜并签署相关文件。具体内容详 见公司于 2024 年 10 月 25 日在《上海证券报》《证券时报》和巨潮 资讯网上披露的《中国海诚工程科技股份有限公司关于使用部分闲置 募集资金进行现金管理的公告》（公告编号：2024-055）。 现将公司使用部分闲置募集资金进行现金管理的实施进展情况 公告如下： 一、使用部分闲置募集资金进行现金管理的具体情况 公司于近日使用部分闲置募集资金购买了以下产品： | 序 | 产品名 | 认购金额 | 预期年化 | | | | --- | --- | --- | --- | --- | --- | | | 受托方 | | 产品类型 | 起息日 | 资金来源 | | 号 ...

证券代码：002116 证券简称：中国海诚 公告编号：2025-033 中国海诚工程科技股份有限公司 关于使用部分闲置募集资金进行现金管理的进展公告 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。 中国海诚工程科技股份有限公司（以下简称"公司"）于 2024 年 10 月 23 日召开第七届董事会第十五次会议、第七届监事会第八次会 议审议通过了《关于使用部分闲置募集资金进行现金管理的议案》， 同意公司在使用前次闲置募集资金进行现金管理到期后，继续使用 1.2 亿元闲置募集资金进行现金管理，期限自董事会审议通过之日起 12 个月，在上述额度内的资金可在使用期限内循环滚动使用，并授权 公司管理层根据实际情况办理相关事宜并签署相关文件。具体内容详 见公司于 2024 年 10 月 25 日在《上海证券报》《证券时报》和巨潮 资讯网上披露的《中国海诚工程科技股份有限公司关于使用部分闲置 募集资金进行现金管理的公告》（公告编号：2024-055）。 现将公司使用部分闲置募集资金进行现金管理的实施进展情况 公告如下： 一、使用部分闲置募集资金进行现金管理的具体情况 | 序 ...

Core Viewpoint - China Haicheng (002116.SZ), a subsidiary of China Light Industry Group, continues to show steady growth, with significant increases in revenue and net profit for the first half of 2025, alongside a strong order backlog and strategic transformation into new energy and materials sectors [2][3]. Financial Performance - In the first half of 2025, China Haicheng achieved operating revenue of 2.745 billion yuan and a net profit of 152 million yuan, marking year-on-year increases of 0.67% and 8.52% respectively, both reaching historical highs for the same period [3]. - For the full year 2024, the company reported operating revenue of 6.821 billion yuan, a 2.54% increase year-on-year, and a net profit of 335 million yuan, up 8.06% [3]. Order and Contract Status - In the first half of 2025, the company signed new contracts worth 4.209 billion yuan, a decrease of 8.93% year-on-year, but maintained a robust order backlog with 143 ongoing projects valued at approximately 8.083 billion yuan as of the end of Q2 2025 [3][4]. Business Segments - The company operates in various sectors, including traditional industries like pulp and paper, food fermentation, and emerging sectors such as energy conservation and green building. In 2024, the engineering contracting business generated 5.045 billion yuan, accounting for 73.96% of total revenue [5][6]. International Expansion - China Haicheng is focusing on international markets, particularly along the Belt and Road Initiative, aiming for overseas business revenue to reach 20%-30% of total revenue in the future [6]. Research and Development - The company has consistently increased its R&D investment, with expenditures rising from 180 million yuan in 2021 to 264 million yuan in 2024, reflecting a commitment to innovation and digital transformation [6]. Financial Health - As of the end of Q1 2025, China Haicheng reported a cash balance of 3.149 billion yuan and a low debt level of 22.9 million yuan, resulting in a debt-to-asset ratio of 58.82%, indicating strong liquidity and financial stability [6]. Shareholder Returns - China Haicheng has a strong track record of returning cash to shareholders, with 19 consecutive years of dividends totaling 1.22 billion yuan, resulting in a payout-to-financing ratio of 199% [7].

Core Points - The meeting of the Compensation and Assessment Committee of China Haisong Engineering Technology Co., Ltd. was held on July 23, 2025, via video conference, with all legal requirements met for the meeting's validity [1] - The committee approved the achievement of conditions for the second unlock period of the initial grant of the stock incentive plan, allowing 69 eligible participants to unlock a total of 3,248,074 shares [1] - The repurchase price for the initial grant of restricted stock was adjusted from 4.81295 CNY/share to 4.50357 CNY/share, and for the reserved grant from 6.91835 CNY/share to 6.60897 CNY/share due to the implementation of the 2024 equity distribution plan [2] Summary by Sections Stock Incentive Plan - The committee recognized that the conditions for the second unlock period of the initial grant of the stock incentive plan had been met, allowing 69 eligible participants to unlock 3,248,074 shares [1] - The first unlock period conditions for the reserved grant were also achieved, allowing for necessary procedures for unlocking to be completed for eligible participants [1] Repurchase and Adjustment - The repurchase price for the initial grant of restricted stock was adjusted to 4.50357 CNY/share, while the reserved grant price was adjusted to 6.60897 CNY/share [2] - The company will repurchase and cancel 98,141 shares of restricted stock from initial grant participants and 14,183 shares from reserved grant participants due to unmet unlock conditions [2] - Additionally, 149,885 shares will be repurchased from two participants who no longer qualify due to job changes or retirement, at a price of 4.50357 CNY/share plus interest [2]

Meeting Information - The company will hold its first extraordinary general meeting of shareholders in 2025 on August 11, 2025, at 2:00 PM in Shanghai [1][2] - The meeting will be conducted through a combination of on-site voting and online voting [1][2] - The record date for shareholders to participate is August 6, 2025 [2] Attendees - Shareholders registered with China Securities Depository and Clearing Corporation Limited as of the record date can attend [2] - Company directors, candidates for directors, supervisors, and senior management will also be present [2] Agenda Items - The meeting will discuss a proposal regarding the repurchase and cancellation of certain granted but unvested restricted stocks [2][3] - There will be cumulative voting proposals for the election of directors [2][3] Voting Procedures - Shareholders can vote either in person or online, with the first valid vote being counted in case of duplicate votes [2][4] - Online voting will be available through the Shenzhen Stock Exchange trading system and an internet voting platform [4][6] - Specific voting codes and procedures for both cumulative and non-cumulative voting are provided [4][5] Additional Information - Shareholders are responsible for their own travel and accommodation expenses [6] - Contact information for inquiries regarding the meeting is provided [6]