关于控股股东、实际控制人及其一致行动人可转换公司债券 持有比例变动达到10%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、可转换公司债券基本情况及配售情况 经中国证券监督管理委员会《关于同意浙江东南网架股份有限公司向不特定 对象发行可转换公司债券注册的批复》（证监许可〔2023〕1845 号）同意注册， 浙江东南网架股份有限公司（以下简称"公司"）于 2024 年 1 月 3 日向不特定 对象发行可转换公司债券 2,000 万张，每张债券面值为人民币 100 元，发行总额 200,000.00 万元。经深圳证券交易所同意，公司可转换公司债券已于 2024 年 1 月 24 日起在深圳证券交易所挂牌交易，债券简称"东南转债"，债券代码"127103"。 公司控股股东浙江东南网架集团有限公司（以下简称"东南集团"）和实际 控制人郭明明先生及其一致行动人杭州浩天物业管理有限公司（以下简称"浩天 物业"）通过配售认购"东南转债"共计 7,657,722 张，占本次发行可转债总量 的 38.29% 。 具 体 内 容 详 见 公 司 于 2024 年 1 ...

Investment Rating - The report rates the construction and decoration industry as "Overweight" [2][8] Core Viewpoints - The overall investment growth rate is weak, with infrastructure investment providing relative stability amidst pressures in manufacturing and real estate. Infrastructure investment (excluding electricity) grew by 5.6% year-on-year from January to May 2025, while total infrastructure investment increased by 10.4% [2] - The report predicts that corporate profits will face pressure in the first half of 2025 due to slowing fixed asset investment growth and a focus on project quality. The expected net profit growth rates for key companies are categorized into various ranges, with some companies projected to see declines [2][3] - The report suggests that low valuations of state-owned enterprises in the construction sector may recover due to ongoing economic stimulus policies and management's market value management methods. The current PE and PB ratios for the construction industry are at 11.2X and 0.76X, respectively, indicating a bottom position [2] - Investment recommendations include state-owned enterprises such as China Chemical, China Railway, and China Railway Construction, as well as private companies like Zhi Te New Materials and Shenzhen Ruijie [2] Summary by Relevant Sections Profit Growth Predictions - Companies with a net profit growth rate below -10%: China Railway, China Railway Construction, China Metallurgical Group, China Power Construction, Shanghai Construction, Honglu Steel Structure, Southeast Network Framework [3] - Companies with a net profit growth rate between -10% and 0%: China Communications Construction, Sichuan Road and Bridge [3] - Companies with a net profit growth rate between 0% and 10%: China Energy Engineering, China Steel International, Anhui Construction, Donghua Technology [3] - Companies with a net profit growth rate between 10% and 20%: China Chemical [3] - Companies with a net profit growth rate above 20%: Zhi Te New Materials, Shenzhen Ruijie [3] Valuation Table - The report includes a valuation table for key companies in the construction industry, detailing their stock prices, EPS, PE ratios, and projected net profit growth rates for 2024A, 2025E, and 2026E [3]

证券代码：002135 证券简称：东南网架 公告编号：2025-053 债券代码：127103 债券简称：东南转债 浙江东南网架股份有限公司 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。 一、本期业绩预计情况 （一）业绩预告期间：2025 年 1 月 1 日至 2025 年 6 月 30 日 （二）业绩预告情况：预计净利润为正值且属于下列情形之一 ?扭亏为盈 ?同向上升 √同向下降 项 目 本报告期 上年同期（注） 盈利：3,900 万元–5,700 万元 归属于上市公司 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经注册会计师预 审计。公司已就业绩预告有关事项与会计师事务所进行了预沟通，双方在本次业 绩预告方面不存在分歧。 股东的净利润 比上年同期下降：55.75% - 69.73% 盈利：2,100 万元–3,900 万元 扣除非经常性损 盈利：10,725.51 万元 益后的净利润 比上年同期下降：63.64% - 80.42% 基本每股收益 盈利：0.03 元/股–0.05 元/股 盈利：0.11 元/股 注：20 ...

一、股东本次可转债解除质押基本情况 | 股东 | 是否为控 股股东或 | 本次解除 | 占其所 持可转 | 占公司 可转债 | 质押起 | 质押解 | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | | 名称 | 第一大股 东及其一 致行动人 | 质押数量 （万张） | 债比例 （%） | 余额比 例（%） | 始日 | 除日 | | | 浩天 | 是 | 24.5 | 31.79% | 1.23% | 年 2024 | 2025年7 | 中国工商 银行股份 | | 物业 | | | | | 2月1日 | 月 日 10 | 有限公司 | | | | | | | | | 萧山分行 | 1、本次可转债解除质押基本情况 | 证券代码：002135 | 证券简称：东南网架 | 公告编号：2025-052 | | --- | --- | --- | | 债券代码：127103 | 债券简称：东南转债 | | 浙江东南网架股份有限公司 关于控股股东之一致行动人部分可转换公司债券 解除质押的公告 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 ...

证券代码：002135 证券简称：东南网架 公告编号：2025-053 债券代码：127103 债券简称：东南转债 浙江东南网架股份有限公司 2025 年半年度业绩预告 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、本期业绩预计情况 （一）业绩预告期间：2025 年 1 月 1 日至 2025 年 6 月 30 日 （二）业绩预告情况：预计净利润为正值且属于下列情形之一 注：2024 年因存在同一控制下企业合并追溯调整上年同期财务数据。 二、与会计师事务所沟通情况 本次业绩预告相关数据是公司财务部门初步测算的结果，未经注册会计师预 审计。公司已就业绩预告有关事项与会计师事务所进行了预沟通，双方在本次业 绩预告方面不存在分歧。 三、业绩变动原因说明 1、2025 年上半年，公司坚定不移地实施"EPC 总承包+1 号工程"双引擎 战略，坚持"高、精、尖、难"的市场定位，坚定地向新型装配式 EPC 总承包 转型升级。报告期内，公司为降低应收账款回款风险，主动对业务订单优化，新 增订单量减少，公司经营成果阶段性承压，导致营业收入与利润较上年同期有所 回调。 2、 ...

东南网架（002135）公告，预计2025年1月1日至2025年6月30日归属于上市公司股东的净利润为3900万 元–5700万元，比上年同期的1.29亿元下降55.75%-69.73%。扣除非经常性损益后的净利润为2100万元– 3900万元，比上年同期的1.07亿元下降63.64%-80.42%。基本每股收益为0.03元/股–0.05元/股，比上年同 期的0.11元/股下降。 ...

证券代码：002135 证券简称：东南网架 公告编号：2025-051 债券代码：127103 债券简称：东南转债 浙江东南网架股份有限公司 关于控股股东部分可转换公司债券解除质押的公告 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。 浙江东南网架股份有限公司（以下简称"公司"）于近日接到公司控股股东 浙江东南网架集团有限公司（以下简称"东南集团"）的通知，获悉东南集团将 其所持有公司的部分可转换公司债券（以下简称"可转债"）办理了解除质押手 续。具体情况如下： 一、股东本次可转债解除质押基本情况 | 股东 | 是否为控 | | 占其所 | 占公司 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 股股东或 第一大股 | 本次解除 质押数量 | 持可转 债比例 | 可转债 余额比 | 质押起 始日 | 质押解 除日 | 质权人 | | 名称 | 东及其一 致行动人 | （万张） | （%） | 例（%） | | | | | 东南 | | | | | 2024 年 | 2025年7 | 中 ...

Group 1: Company Strategy and Development Plans - The company will implement the "EPC general contracting + No. 1 project" strategy to drive high-quality development in 2025, focusing on high-end, precision, and challenging market positioning [1] - The company aims to become the leading brand in domestic green low-carbon prefabricated steel structures, targeting differentiated development in the Yangtze River Delta and Pearl River Delta regions [1] - The company will enhance risk control by strengthening credit assessments of clients during contract reviews and increasing efforts to collect accounts receivable [1] Group 2: New Energy and Green Development - The company will actively respond to the national "dual carbon" goals by developing new energy businesses, utilizing the "prefabricated + EPC + BIPV" construction model [2] - The company plans to expand its comprehensive energy business, including BIPV, BAPV, centralized photovoltaic, and supporting energy storage [2] - The company has initiated a 110MW agrivoltaic photovoltaic power station project, which integrates green energy with modern agriculture, expected to enhance the company's photovoltaic generation capacity and revenue [5] Group 3: International Expansion and Market Opportunities - In 2024, the company signed overseas orders worth 1.23 billion RMB, accounting for 14.68% of the total new contracts signed that year [3] - The company will expand its business in core areas of the "Belt and Road" initiative, focusing on green infrastructure, innovative building materials, and new energy sectors in regions like South America, North America, the Middle East, and Southeast Asia [2] Group 4: Current Business Performance - In the first quarter of 2025, the company signed new contracts totaling 2,025.25 million RMB, reflecting a year-on-year growth of 1.48% [5] - Recent national policies promoting "supply-side reform" and "anti-involution" are expected to benefit the steel structure industry, potentially improving profit margins [5]

证券代码：002135 证券简称：东南网架 公告编号：2025-050 债券代码：127103 债券简称：东南转债 浙江东南网架股份有限公司 关于 2025 年第二季度可转债转股情况的公告 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。 特别提示： 1、证券代码：002135，证券简称：东南网架 4、转股期限：2024 年 7 月 9 日至 2030 年 1 月 2 日（如遇法定节假日或休 息日延至其后的第 1 个工作日） 根据《深圳证券交易所股票上市规则》、《深圳证券交易所上市公司自律监管 指引第 15 号——可转换公司债券》的有关规定，浙江东南网架股份有限公司（以 下简称"公司"）现将 2025 年第二季度可转换公司债券（以下简称"可转债"） 转股及公司股份变动情况公告如下： 一、可转债发行上市基本情况 （一）可转债发行情况 经中国证券监督管理委员会《关于同意浙江东南网架股份有限公司向不特定 对象发行可转换公司债券注册的批复》（证监许可〔2023〕1845 号）同意注册， 公司于 2024 年 1 月 3 日向不特定对象发行可转换公司债券 2,000 万张 ...

Group 1 - The stock price of Southeast Network Frame (002135) closed at 4.12 yuan on June 23, 2025, with an increase of 0.98% and a turnover rate of 0.54% [1] - The trading volume on June 23 was 56,800 shares, with a total transaction amount of 23.2441 million yuan [1] Group 2 - The company’s main clients include government entities, large state-owned enterprises, and government platform companies [2] - The implementation of debt reduction policies is expected to enhance local governments' fiscal payment capabilities, aiding the company in accelerating the recovery of accounts receivable [2] - As of June 20, 2025, the number of shareholders in the company was 50,100 [2] Group 3 - On June 23, the net capital flow for Southeast Network Frame showed a net outflow of 2.3917 million yuan from main funds, while speculative funds had a net inflow of 2.5006 million yuan, and retail investors experienced a net outflow of 108,800 yuan [2]