证券代码：002140 证券简称：东华科技 公告编号：2025-061 东华工程科技股份有限公司关于挂牌转让所持 参股公司贵州水城矿业股份有限公司部分股权的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 特别提示： 本公司于 2025 年 12 月 15 日召开第八届董事会第十二次会议，审 议通过《关于拟公开挂牌转让所持有贵州水城矿业股份有限公司 0.2472%股权的议案》，同意公司通过在产权交易所公开挂牌方式，转让 所持参股公司水矿股份的股权。具体情况如下： 一、交易概述 1.出售股权的基本情况 本公司拟在上海联合产权交易所通过公开挂牌方式转让所持水矿 股份 0.2472%的股权，计 594.9029 万股。以资产评估结果作为定价依据， 水矿股份股东全部权益评估价值为 891,720.97 万元，本公司本次转让 的股权交易底价为"评估净资产 891,720.97 万元/总股本 240643.0273 万股*594.9029 万股=2,204.457769 万元"。最终成交价格以在上海联合 产权交易所摘牌价为准。 2.董事会审议情况 本公司八届十二次董事 ...

证券代码：002140 证券简称：东华科技 公告编号：2025-064 （1）现场会议时间：2025年12月31日15:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具 体时间为2025年12月31日9:15-9:25，9:30-11:30，13:00-15:00；通过 深圳证券交易所互联网投票系统投票的具体时间为2025年12月31日 9:15至15:00的任意时间。 东华工程科技股份有限公司 关于召开 2025 年第三次临时股东会通知的公告 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。 根据东华工程科技股份有限公司（以下简称"公司""本公司""东 华科技"）第八届董事会第十二次会议决议，现定于 2025 年 12 月 31 日以现场结合网络投票方式召开公司 2025 年第三次临时股东会，具体 事项如下： 一、召开会议的基本情况 1.股东会届次：2025年第三次临时股东会 2.召集人：本公司董事会 3.会议召开的合法、合规性：本次股东会依据第八届董事会第十二 次会议决议而召开；本次股东会的召集、召开符合《中华人民共和国公 司法》《深圳证券交 ...

证券代码：002140 证券简称：东华科技 公告编号：2025-060 东华工程科技股份有限公司 八届十二次董事会（现场结合通讯方式）决议公告 表决结果：有效表决票 9 票，其中同意 9 票，反对 0 票，弃权 0 票。 详见发布于 2025 年 12 月 16 日《证券时报》、巨潮资讯网 （http://www.cninfo.com.cn，下同）上的东华科技 2025-061 号《关 于挂牌转让所持参股公司贵州水城矿业股份有限公司部分股权的公 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、董事会会议召开情况 东华工程科技股份有限公司（以下简称"公司""东华科技"）第 八届董事会第十二次会议通知于2025年12月5日以电子邮件形式发出， 会议于 2025 年 12 月 15 日在公司 A 楼 1701 会议室以现场结合通讯方式 召开；会议由李立新董事长主持，会议应到董事 9 人，实到董事 9 人。 公司部分高级管理人员列席了会议；会议的召开、表决程序符合《公司 法》等法律法规以及公司《章程》等规定。 二、董事会会议审议情况 （一）审议通过《关于拟 ...

Investment Rating - The industry investment rating is "Overweight" [2][25]. Core Insights - Fixed asset investment in China showed a cumulative year-on-year decline of 2.6% from January to November 2025, with manufacturing investment increasing by 1.9% [2][3]. - Traditional infrastructure investment has seen a widening decline, necessitating a stabilization of investment. Infrastructure investment (including all categories) grew by only 0.1% year-on-year, a decrease of 1.4 percentage points compared to the previous month [4][3]. - Real estate investment remains low, with a year-on-year decline of 15.9% from January to November 2025, indicating a weak recovery trajectory [11][3]. Summary by Sections Fixed Asset Investment - The cumulative year-on-year decline in fixed asset investment is 2.6%, with a decrease of 0.9 percentage points from the previous month [3]. - Manufacturing investment has increased by 1.9%, but this is still a decline of 0.8 percentage points compared to the previous month [2]. Infrastructure Investment - Infrastructure investment (excluding electricity) has a year-on-year decline of 1.1%, with a decrease of 1.0 percentage points from the previous month [4]. - Specific sectors such as transportation, storage, and postal services saw a decline of 0.1%, while water, environment, and public facilities management experienced a decline of 6.3% [4]. Regional Investment Trends - Eastern regions reported a year-on-year decline of 6.6%, while central and western regions saw declines of 1.7% and 0.2%, respectively. The northeastern region faced a significant decline of 14.0% [4]. Real Estate Investment - Real estate investment has decreased by 15.9% year-on-year, with construction starts down by 20.5% and completions down by 18.0% [11]. - The current cycle is characterized by excessive clearing of supply entities and difficulties in inventory replenishment, leading to a slow recovery in investment [11]. Investment Recommendations - For 2026, the industry is expected to stabilize, with emerging sectors likely to benefit from major national strategies. Key companies to watch include Sichuan Road and Bridge, China Chemical, and others in new infrastructure and overseas markets [16].

Investment Rating - The report maintains an "Overweight" rating for the industry, indicating a positive outlook for investment opportunities in the sector [1]. Core Insights - Fixed asset investment growth in China has further declined, with a cumulative year-on-year decrease of 2.6% for January to November 2025, a drop of 0.9 percentage points compared to the previous period [2][3]. - Traditional infrastructure investment has seen an expanded decline, necessitating measures to stabilize investment. Infrastructure investment (including all categories) grew by only 0.1% year-on-year, down 1.4 percentage points from the previous month [4]. - Real estate investment remains low, with a year-on-year decrease of 15.9% for January to November 2025, indicating a weak recovery trajectory [11]. Summary by Sections Fixed Asset Investment - The cumulative year-on-year growth rate for fixed asset investment is -2.6%, with manufacturing investment showing a slight increase of 1.9% [2][3]. - The decline in traditional infrastructure investment has intensified, with significant drops in various sectors, including transportation and public facilities [4]. Infrastructure Investment - Infrastructure investment (excluding electricity) has decreased by 1.1% year-on-year, with notable declines in transportation and environmental management sectors [4]. - Regional investment disparities are evident, with the eastern region experiencing a 6.6% decline year-on-year [4]. Real Estate Investment - Real estate investment has decreased by 15.9% year-on-year, with construction starts down by 20.5% and completions down by 18.0% [11]. - The report anticipates a slow recovery in real estate investment due to challenges in inventory replenishment and supply chain issues [11]. Investment Recommendations - The report suggests that in 2026, industry investment is expected to stabilize, with emerging sectors likely to benefit from national strategic initiatives [15]. - Specific companies are highlighted for potential investment, including Sichuan Road and Bridge, China Chemical, and others in the new infrastructure and overseas markets [15].

中化新网讯 近日，中国化学工程所属东华工程科技股份有限公司与东盟钾肥股份有限公司(APOT)正式 签署泰国APOT钾肥项目合同。 图为项目签约现场。(企业供图) 该项目由东盟钾肥股份有限公司投资建设，位于泰国猜也蓬府，占地约780亩。项目依托泰国丰富的钾 盐资源，采用钾盐矿高效溶解结晶法工艺技术，可有效提升钾盐回收率和产品质量，兼具高效与环保优 势。项目建设内容包括年产123.5万吨氯化钾，年产40万吨氯化钠及配套公辅装置。项目建成后可填补 泰国国内钾肥市场的缺口，降低泰国农业生产对化肥进口依赖。 ...

Core Insights - The report emphasizes the acceleration of bidding for nuclear fusion projects and the operational launch of the Liebherr Nantong base, focusing on nuclear power and marine engineering modules [6][15][28] - The report highlights the structural recovery of infrastructure investment, particularly in Sichuan and Xinjiang, and recommends investments in low-valuation central state-owned enterprises [6][34] - The report tracks the development of cleanroom technology and the increasing capital expenditure of Taiwanese electronics companies in the U.S., indicating a trend of the Taiwanese supply chain moving to the U.S. [6][34] Group 1: Nuclear Fusion and Power Projects - The signing of a joint statement between China and France on December 4, 2025, promotes the development of nuclear power, recognizing nuclear fusion energy as a significant direction for future energy development [6][15] - The Liebherr Nantong base is expected to achieve an annual output value of CNY 560 million for nuclear modules and CNY 640 million for oil and gas energy modules, addressing the decline in traditional chemical business demand [6][28] - The report notes that the modular construction method in nuclear power can significantly shorten construction periods, with the Liebherr Nantong base now operational [6][28] Group 2: Cleanroom and Coal Chemical Industry - The report tracks the cleanroom sector, noting that TSMC plans to invest USD 165 billion in capital expenditures in the U.S., with Foxconn and Wistron also planning significant investments [6][34] - In the coal chemical sector, projects are progressing steadily, with Xinjiang remaining a primary investment area, including a 1.5 million tons/year coal-to-ethylene project [6][34] - The average price of medium and heavy plates in 13 regions decreased by 0.9%, while rebar prices fell by 1.0%, indicating a slight decline in steel prices [6][34] Group 3: Financial Tracking and Investment Recommendations - The report indicates that special bonds issued for refinancing have reached CNY 2.01 trillion, with a cumulative issuance of CNY 4.5 trillion in special bonds for the year, reflecting a 13.8% year-on-year increase [6][34] - The report recommends focusing on four main investment lines: infrastructure recovery, safety resources, technology in high-end manufacturing, and overseas business opportunities [6][34] - The funding availability rate for construction sites is reported at 59.74%, showing a slight increase from the previous week [6][34]

（文章来源：证券日报） 证券日报网讯 12月12日，东华科技在互动平台回答投资者提问时表示，截至12月10日下午收市，本公 司股东人数约为3.29万户。 ...

Group 1: Industry Overview - The overall economic environment is expected to remain stable in 2026, supported by policies aimed at counter-cyclical and cross-cyclical adjustments, with a projected growth rate of fixed asset investment (FAI) at 3% for the year [1][12][17] - Infrastructure investment is anticipated to grow by approximately 5% in 2026, driven by key projects and policy support, while real estate investment is expected to decline by 10% after a significant drop in 2025 [1][17][25] - Manufacturing investment is projected to recover slightly, with a growth rate of 6% in 2026, benefiting from domestic demand and supportive policies [1][18] Group 2: Overseas Expansion - There is a strong demand for overseas investment, particularly in regions like Southeast Asia, Africa, and the Middle East, which are experiencing rapid economic growth and urbanization [2][4] - Chinese engineering firms have competitive advantages such as shorter construction periods, higher efficiency, and lower costs, positioning them well for overseas projects [2][4] - The share of overseas income for leading companies is expected to increase, driving improvements in profitability and business models [2][4] Group 3: Regional Opportunities - The "Five Five Five" strategy is expected to create abundant investment opportunities in the western regions of China, particularly in Sichuan and Xinjiang, which are set to benefit from national strategic support [2][4][3] - Sichuan is identified as a core area for national strategic development, with significant investments anticipated in transportation infrastructure, manufacturing, and technology [2][4][3] - Xinjiang's development is crucial for national energy security and unity, with expected increases in investment in infrastructure and coal chemical industries [2][4][3] Group 4: Cleanroom Investment - The demand for cleanroom facilities is projected to grow due to the increasing need for computing power driven by AI applications, with global semiconductor cleanroom investment expected to reach approximately 168 billion yuan in 2025 [3][4] - The semiconductor industry is forecasted to see a capital expenditure of around 160 billion USD in 2025, reflecting a 3% year-on-year increase [3][4] - Leading companies in the cleanroom sector are expected to maintain high levels of capital expenditure, driven by the demand for AI and data center infrastructure [3][4] Group 5: Investment Recommendations - The report recommends focusing on companies with strong overseas expansion capabilities, such as China Chemical, Precision Steel Structure, Jianghe Group, China National Materials, and China Steel International [4][8] - In the context of regional development, companies like Sichuan Road and Bridge, Xinjiang Communications Construction, and China Chemical are highlighted as key players [4][8] - For cleanroom investments, leading firms such as Yaxin Integration, Shenghui Integration, and Bocheng Co. are recommended for their growth potential [4][8]

上市企业：西子洁能[002534.SZ]、中国电建[601669]、上海电气[601727]、川润股份[002272]、振江股 份[603507]、首航高科(002665)、江苏国信(002608)、东华科技[002140]、冰轮环境[000811]、科远智慧 [002380]、中国能建[601868]、中控技术[688777.SH） 相关企业：浙江可胜技术股份有限公司、中国华能集团有限公司、河南安彩高科股份有限公司、上海电 气亮源光热工程有限公司 关键词：光热发电行业政策、光热发电行业产业链、光热发电行业在建情况、光热发电行业已建情况、 光热发电市场规模、光热发电市场竞争格局、光热发电行业未来展望 内容概要：光热发电作为安全、清洁且兼具调峰电源和储能的双重功能，具有调峰和基础性电源的潜 力，可实现新能源调节、支撑新能源，为电力系统提供更好的长周期调峰能力和转动惯量，是新能源安 全可靠替代传统能源的有效手段。目前，我国已成功掌握塔式、槽式、菲涅尔式等主流光热发电技术， 并建成了全球领先的光热发电全产业链，技术装备国产化率超过95%，关键材料设备实现自主可控。我 国光热发电产业正以超越全球平均水平两倍的速度迅猛 ...