Group 1 - The company West Construction announced the convening of its 24th meeting of the 8th board of directors on October 21, 2025, in Chengdu, Sichuan Province, to review the proposal regarding the third quarter report of 2025 [1] Group 2 - The article emphasizes the need to shift funding focus from excessive concentration on housing and infrastructure construction to increased investment in the livelihood sector [1]

Core Viewpoint - Western Construction (002302.SZ) reported a decline in revenue and a net loss for the first three quarters of 2025, indicating financial challenges ahead [1] Financial Performance - The company's operating revenue for the first three quarters was 13.881 billion yuan, a year-on-year decrease of 7.57% [1] - The net loss attributable to shareholders of the listed company was 198 million yuan [1] - The net loss attributable to shareholders, excluding non-recurring gains and losses, was 293 million yuan [1] - The basic loss per share was 0.1685 yuan [1]

Core Insights - Western Construction reported a third-quarter revenue of 4.86 billion yuan, a year-on-year decrease of 5.08% [1][2] - The company experienced a net loss of 102 million yuan in the third quarter, representing a significant decline of 2,601.40% year-on-year [1][2] - For the first three quarters, revenue totaled 13.88 billion yuan, down 7.57% compared to the same period last year [1][2] Financial Performance - The net profit attributable to shareholders was a loss of 197.83 million yuan for the first three quarters, reflecting a year-on-year decline of 2,141.86% [1][2] - The net cash flow from operating activities decreased by 9.29%, amounting to -1.04 billion yuan [2] - Basic and diluted earnings per share were both -0.0805 yuan, showing a decline of 2,615.63% year-on-year [2] Balance Sheet Highlights - Total assets increased by 2.72% to 34.41 billion yuan compared to the end of the previous year [2] - The equity attributable to shareholders decreased by 3.81% to 9.12 billion yuan [2]

Core Viewpoint - The company reported a decline in both revenue and net profit for the third quarter and the first three quarters of the year, indicating ongoing financial challenges [1] Financial Performance - Third quarter revenue was 4.86 billion, a decrease of 5.08% year-on-year [1] - Third quarter net profit showed a loss of 102 million, a significant decline of 2,601.40% [1] - Revenue for the first three quarters totaled 13.881 billion, down 7.57% compared to the previous year [1] - Net profit for the first three quarters also reflected a loss of 198 million, a decrease of 2,141.86% [1]

Core Insights - The company reported a revenue of 13.881 billion yuan for the first three quarters of 2025, representing a year-on-year decline of 7.57% [1] - The net profit attributable to shareholders was -0.198 billion yuan, showing a significant year-on-year decrease of 2141.86% [1] - The basic earnings per share were -0.1685 yuan, which is a year-on-year drop of 1418.02% [1]

证券代码：002302 证券简称：西部建设 公告编号：2025-066 关于计提信用减值准备、资产减值准备的公告 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、本次计提信用减值准备、资产减值准备的概况 为客观、公允地反映公司的资产价值、财务状况和经营成果， 根据《企业会计准则》及公司会计政策等相关规定，基于谨慎性 原则，公司对截至 2025 年 9 月 30 日合并财务报表范围内的各类 资产进行了全面清查和减值测试，根据测试结果对存在减值迹象 的资产相应计提了减值准备。2025 年 1- 9 月，公司共计提减值 准备 96,358,312.63 元。具体计提减值准备情况如下： | 项 目 | 2025 年 1-9 | 月计提金额（元） | | --- | --- | --- | | 一、信用减值准备 | | 75,855,190.24 | | 其中：应收账款 | | 72,315,118.64 | | 其他应收款 | | 3,508,700.67 | | 应收票据 | | 2,570.93 | | 长期应收款 | | 28,800.00 | | 二、资产 ...

证券代码：002302 证券简称：西部建设 公告编号：2025-064 第八届十五次监事会决议公告 本公司及监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、监事会会议召开情况 中建西部建设股份有限公司（以下简称"公司"）第八届十 五次监事会会议通知于 2025 年 10 月 16 日以电子邮件方式送 达全体监事。会议于 2025 年 10 月 21 日在四川省成都市天府 新区汉州路 989 号中建大厦公司会议室以现场表决方式召开。 应出席会议监事 3 人，实际出席会议监事 3 人。会议由监事会 主席王金雪先生主持，会议的召开符合《中华人民共和国公司 法》《公司章程》及公司《监事会议事规则》等规定。 二、监事会会议审议情况 经与会监事充分讨论，一致通过以下决议： 1.审议通过《关于 2025 年第三季度报告的议案》 表决结果：3 票同意，0 票反对，0 票弃权。 具体内容详见公司同日在《证券时报》《上海证券报》《中 国证券报》及巨潮资讯网（www.cninfo.com.cn）披露的《2025 年第三季度报告》。 经审核，监事会认为董事会编制和审议公司 2025 年第 ...

证券代码：002302 证券简称：西部建设 公告编号：2025-063 一、董事会会议召开情况 中建西部建设股份有限公司（以下简称"公司"）第八届二十 四次董事会会议通知于 2025 年 10 月 16 日以专人及电子邮件方式 送达全体董事。会议于 2025 年 10 月 21 日在四川省成都市天府新 区汉州路 989 号中建大厦公司会议室以现场结合通讯方式召开。 应出席会议董事 7 人，实际出席会议董事 7 人（其中董事侍军凯 先生、张海霞女士、廖中新先生、杨波先生以通讯方式出席会议）。 会议由董事长章维成先生主持，会议的召开符合《中华人民共和 国公司法》《公司章程》及公司《董事会议事规则》等规定。 二、董事会会议审议情况 经与会董事充分讨论，一致通过以下决议： 1.审议通过《关于 2025 年第三季度报告的议案》 表决结果：7 票同意，0 票反对，0 票弃权。 具体内容详见公司同日在《证券时报》《上海证券报》《中 国证券报》及巨潮资讯网（www.cninfo.com.cn）披露的《2025 年 第三季度报告》。 本议案经董事会审计与风险委员会审议通过。 第八届二十四次董事会决议公告 本公司及董事会全体成员 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥4,859,665,725.46, a decrease of 5.08% compared to the same period last year[4] - The net profit attributable to shareholders of the listed company was -¥101,559,538.25, representing a significant decline of 2,601.40% year-on-year[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥121,944,663.34, a decrease of 4,551.94% compared to the previous year[4] - The basic earnings per share for the period was -¥0.0805, down 2,615.63% year-on-year[4] - Total operating revenue for Q3 2025 was CNY 13.88 billion, a decrease of 7.55% from CNY 15.02 billion in the same period last year[21] - Total operating costs amounted to CNY 13.97 billion, down 5.46% from CNY 14.77 billion year-on-year[21] - Net profit for the period was a loss of CNY 184.73 million, compared to a profit of CNY 60.34 million in the previous year[22] - The total equity attributable to shareholders decreased to CNY 9.12 billion from CNY 9.48 billion in the previous year[20] - The company reported a total comprehensive loss of CNY 183.31 million, compared to a comprehensive income of CNY 59.80 million in the previous year[23] - Basic and diluted earnings per share were both CNY -0.1685, compared to CNY -0.0111 in the same period last year[23] Assets and Liabilities - Total assets at the end of the reporting period were ¥34,410,716,220.37, an increase of 2.72% from the end of the previous year[4] - The company's total liabilities increased to CNY 24.08 billion, up from CNY 22.78 billion year-on-year[20] - Current assets amounted to CNY 29.22 billion, up from CNY 27.95 billion at the start of the period, indicating a growth of approximately 4.5%[18] - The company's short-term borrowings rose to CNY 654.66 million from CNY 580.42 million, an increase of about 12.7%[18] - The total liabilities of the company are not explicitly stated but can be inferred from the balance sheet data provided[17] Cash Flow - Cash and cash equivalents decreased by 45.30% due to increased payments for goods during the reporting period[9] - Cash and cash equivalents decreased to CNY 1.91 billion from CNY 3.49 billion, representing a decline of about 45.4%[17] - Net cash flow from investment activities increased by 73.71% as cash payments for fixed assets decreased[11] - Operating cash inflow for the current period was $10,100,946,826.15, down 16.0% from $12,019,127,238.96 in the previous period[25] - Operating cash outflow for the current period was $11,141,380,701.95, a decrease of 14.1% compared to $12,971,101,658.57 in the previous period[26] - Net cash flow from operating activities was -$1,040,433,875.80, worsening from -$951,974,419.61 in the previous period[26] - Cash inflow from investment activities was $39,612,394.26, down from $50,570,675.12 in the previous period[26] - Cash outflow from investment activities was $100,041,581.87, significantly reduced from $280,392,815.14 in the previous period[26] - Net cash flow from investment activities was -$60,429,187.61, an improvement from -$229,822,140.02 in the previous period[26] - Cash inflow from financing activities was $746,641,559.57, down from $991,715,991.20 in the previous period[26] - Cash outflow from financing activities was $1,103,958,606.18, a decrease from $1,759,261,440.09 in the previous period[26] - Net cash flow from financing activities was -$357,317,046.61, an improvement from -$767,545,448.89 in the previous period[26] - The net increase in cash and cash equivalents was -$1,458,688,074.83, compared to -$1,947,584,137.10 in the previous period[26] Shareholder Information - The number of ordinary shareholders at the end of the reporting period was 71,666[13] - The company has a total of 10 major shareholders, with the largest being 中建新疆建工（集团）有限公司 holding 396,731,588 shares[15] - The company is controlled by China State Construction Engineering Corporation, indicating a unified control structure among major shareholders[15] Research and Development - The company reported a 231.34% increase in development expenditures compared to the beginning of the period, attributed to capitalized R&D investments[9] - Research and development expenses were CNY 306.93 million, a decrease of 17.59% from CNY 372.57 million in the previous year[21] Taxation - The company experienced a 311.66% increase in income tax expenses due to a decrease in deferred tax expenses recognized during the reporting period[10]

Group 1 - The company's Q3 revenue was 4.86 billion, a decrease of 5.08% [1] - The company reported a net loss of 102 million, a decline of 2,601.40% [1] - For the first three quarters, revenue totaled 13.881 billion, down 7.57% [1] Group 2 - The net loss for the first three quarters was 198 million, a decrease of 2,141.86% [1]