证券代码：002307 证券简称：北新路桥 公告编号：2025－25 新疆北新路桥集团股份有限公司 关于向特定对象发行股票变更会计师事务所 及签字会计师的公告 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、基本情况 2023 年 12 月 15 日，新疆北新路桥集团股份有限公司（以下简称"公司"） 向深圳证券交易所提交的关于 2023 年度向特定对象发行股票（以下简称"向特 定对象发行股票"）的申请被受理。本次变更前，公司向特定对象发行股票项目 会计师事务所为希格玛会计师事务所（特殊普通合伙），现拟变更为永拓会计师 事务所（特殊普通合伙）；本次变更前签字会计师为杨学伟、张欣琪，现拟变更 为张炜、周超。 二、变更事由 原审计机构希格玛会计师事务所（特殊普通合伙）已连续多年为公司提供审 计服务，根据《国有企业、上市公司选聘会计师事务所管理办法》，公司基于审 慎性原则，综合考虑业务发展和审计的需要，变更 2024 年度财务报告和内部控 制审计机构。经公司第七届董事会第十四次会议和 2024 年第四次临时股东大会 审议，通过公开招标，聘请永拓会计师事务所（特殊普 ...

Group 1 - The company guarantees the authenticity, accuracy, and completeness of the quarterly report, with all board members assuming legal responsibility for any misstatements or omissions [1] - The quarterly report has not been audited [1][4] - The company confirms that there are no adjustments or restatements required for previous accounting data [1][2] Group 2 - There are no non-recurring gains or losses reported in the quarterly financial data [1] - The company does not classify any non-recurring gains or losses as recurring [1] Group 3 - The report includes details on the total number of ordinary shareholders and the top ten shareholders, but there are no changes in the shareholding structure due to securities lending [3] - The company has not issued any preferred shares, and thus there are no details regarding preferred shareholders [3]

行业报告 | 行业研究周报 建筑装饰 证券研究报告 风险提示：基建&地产投资超预期下行；央企、国企改革提效进度不及预期； 关税影响超预期。 本周 CS 建筑下跌 1.46%，跑赢沪深 300 板块 0.71pct，AI、机器人、算力相 关概念标的涨幅居前。从刚刚过去的财报季来看，25Q1 建筑板块营收、归 母净利润继续承压下滑，但专业工程领域钢结构板块收入实现 7.3%的正增 长、化工工程板块归母净利润增速为+7.4%，Q1 专业工程板块经营较为稳 健。近期资金面、基建高频数据和建筑公司新签订单均印证基建景气度在 持续修复，考虑到关税态势下财政政策有望进一步发力，加速推动实物工 作量落地。建议重点关注中西部基建及顺周期专业工程板块的投资机会， 新兴业务板块关注与算力、AI、洁净室等相关的投资标的，主题层面建议 继续关注西南水电相关品种。 24FY&25Q1 营收/归母承压，静待后续财政发力推动板块业绩修复 从刚刚过去的财报季来看，24 年 CS 建筑板块实现营收同比-4.1%，归母净 利润同比-14.4%，受地产行业下行和地方财政偏紧影响营收、归母均承压下 滑。25Q1 建筑板块营收同比-6%、归母净利润同比 ...

Financial Performance - The company's operating revenue for Q1 2025 was ¥1,614,063,084.64, representing a 3.47% increase compared to ¥1,559,989,642.36 in the same period last year[5] - The net profit attributable to shareholders was -¥68,496,338.02, a significant decrease of 1,254.75% from ¥5,931,717.14 in the previous year[5] - The total profit for the period was -¥50,099,033.71, a decrease of 402.23% from ¥16,576,356.67 in the previous year[8] - The net profit for the current period was a loss of ¥59,298,826.61, compared to a profit of ¥2,052,972.62 in the previous period[19] - The total comprehensive income for the current period was a loss of ¥64,686,569.63, compared to a gain of ¥8,355,602.95 in the previous period[19] Cash Flow and Liquidity - The net cash flow from operating activities improved by 52.67%, reaching -¥443,975,048.27 compared to -¥938,062,373.87 in the same period last year[5] - Cash flow from operating activities showed a net outflow of ¥443,975,048.27, an improvement from the previous period's outflow of ¥938,062,373.87[20] - The company's cash and cash equivalents increased to ¥4,406,516,888.26 from ¥3,452,847,803.05, representing a growth of approximately 27.6%[15] - Cash and cash equivalents at the end of the period totaled ¥3,816,270,742.64, an increase from ¥3,237,000,005.63 at the end of the previous period[21] - The company’s financing activities generated a net cash inflow of ¥1,666,885,184.23, compared to ¥1,192,273,766.13 in the previous period[21] Assets and Liabilities - Total assets increased by 2.38% to ¥57,734,037,990.65 from ¥56,392,623,494.35 at the end of the previous year[5] - Total current assets rose to ¥14,155,664,337.54 from ¥13,393,401,935.49, indicating an increase of approximately 5.7%[15] - Total non-current assets increased to ¥43,578,373,653.11 from ¥42,999,221,558.86, reflecting a growth of about 1.3%[16] - Total liabilities increased to ¥52,588,890,089.74 from ¥51,202,269,751.91, which is an increase of approximately 2.7%[17] - The company's total equity decreased to ¥5,145,147,900.91 from ¥5,190,353,742.44, a decline of about 0.9%[17] Shareholder Information - The company had a total of 65,039 ordinary shareholders at the end of the reporting period[10] - The largest shareholder, Xinjiang Production and Construction Corps, held a 46.34% stake in the company[10] Operational Metrics - The company's weighted average return on equity was -2.29%, down from 0.17% in the previous year[5] - The company's short-term borrowings decreased to ¥1,044,401,566.13 from ¥1,090,217,654.41, a reduction of approximately 4.2%[16] - The company's long-term borrowings increased to ¥34,665,107,736.17 from ¥33,085,867,736.17, reflecting an increase of about 4.8%[16] - The company's inventory decreased slightly to ¥1,367,058,820.09 from ¥1,393,665,665.42, a decline of approximately 1.9%[15] - Accounts receivable decreased to ¥1,747,444,334.30 from ¥1,972,144,142.19, a decline of about 11.4%[15] Credit and Financial Expenses - The company reported a 485.56% increase in credit impairment losses, amounting to ¥45,019,219.26, primarily due to the recovery of receivables by a subsidiary[8] - The company reported a significant increase in credit impairment losses, which rose to ¥45,019,219.26 from ¥7,688,208.71 in the previous period[18] - The company's financial expenses rose by 49.79% to ¥289,608,956.29, mainly due to interest expenses related to loans for the Guangping Expressway[8] Revenue and Costs - Total operating costs increased to ¥1,715,216,723.38, up 10.3% from ¥1,555,236,306.33 in the previous period[18] - The company experienced a decrease in sales revenue from customers, which amounted to ¥1,626,004,953.71, down from ¥1,750,333,775.14 in the previous period[20]

北新路桥（002307）公告，2025年第一季度营收为16.14亿元，同比增长3.47%；净亏损6849.63万元， 去年同期净利润593.17万元。 ...

Investment Rating - Industry rating is maintained at "Outperform" [5] Core Viewpoints - The report emphasizes a more proactive fiscal policy and a demand for stabilizing domestic consumption, with a focus on accelerating the issuance and utilization of local government special bonds and ultra-long-term special treasury bonds [2][13] - The construction sector is expected to benefit from improved infrastructure investment, particularly in the central and western regions of China, as well as from cyclical opportunities in related sectors [2][30] - The report highlights a recovery in operational rates and an increase in new orders from central and state-owned enterprises, indicating an upward trend in construction activity [20][24] Summary by Sections Fiscal Policy and Economic Outlook - The April 25 Politburo meeting stressed the need for more active macroeconomic policies, including the use of fiscal and monetary tools to support the real economy [2][13] - The meeting also indicated a commitment to stabilizing the real estate market and enhancing local government investment capabilities [13][15] Market Performance - The construction index rose by 0.56% during the week of April 21-25, outperforming the CSI 300 index by 0.16 percentage points [4][25] - Key stocks that performed well included Hanjia Design (+31%), Sanwei Chemical (+22%), and Meichen Technology (+16%) [25][30] Investment Recommendations - Focus on traditional construction blue-chip stocks and cyclical opportunities in infrastructure, particularly in water conservancy, railways, and aviation projects [30][31] - Recommendations include high-performing local state-owned enterprises such as Sichuan Road and Bridge, Zhejiang Communications, and Anhui Construction [30][31] - Attention is also drawn to emerging business directions such as computing power and cleanroom investments, as well as the semiconductor sector [32][33]

Core Viewpoint - North New Road and Bridge (002307) reported a revenue of 10.215 billion yuan for 2024, a year-on-year increase of 20.37%, despite a downturn in the construction industry [1] Financial Performance - The company achieved a net profit attributable to shareholders of -423 million yuan [1] - Total assets reached 56.393 billion yuan, reflecting a growth of 3.98% [1] - The company secured 91 new projects with a total value of 20.195 billion yuan [1][3] Business Development - North New Road and Bridge primarily operates in traditional construction sectors such as highways, municipal projects, and housing, while gradually expanding into new sectors like 5G infrastructure, photovoltaic wind power, and water conservancy projects [1] - The company has transitioned from regional operations to a national and international presence, undertaking projects in 26 provinces and 9 countries [1] Project Highlights - The company successfully won contracts for various projects, including rural water management in Sichuan and multiple highway construction projects [3] - In 2024, the company secured 7 new projects in the 5G and renewable energy sectors, amounting to 2.31 billion yuan, which represents 11.44% of the total contract value [3] Competitive Position - The company maintains a 100% contract performance and quality compliance rate, earning numerous accolades such as "National Excellent Construction Enterprise" and "China Construction Engineering Luban Award" [1] - North New Road and Bridge holds high-level industry qualifications, enhancing its market competitiveness [1] Future Outlook - The company plans to develop a "3+3+N" business model, focusing on traditional construction and new infrastructure sectors, aiming to integrate resources and extend its service capabilities across the construction lifecycle [4] - The company is actively pursuing opportunities in the overseas market and enhancing collaborations with state-owned enterprises to leverage quality resources [2]

证券代码：002307 证券简称：北新路桥 新疆北新路桥集团股份有限公司 2024 年度董事会工作报告 2024 年度，新疆北新路桥集团股份有限公司（以下简称"公司"）董事会严 格遵守《中华人民共和国公司法》《中华人民共和国证券法》《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 1 号—主板上市公司规 范运作》等法律法规、规范性文件和《公司章程》《董事会议事规则》等公司制 度的有关规定和要求，本着对全体股东负责的原则，恪尽职守，认真履职，规范 运作、科学决策，积极推动公司各项业务发展。 一、2024 年度公司经营情况 2024 年，公司实现营业收入 102.15 亿元，较上年同期上升 20.37%，实现归 属于母公司股东净利润-4.23 亿元，较上年同期下降 1412.27%。 二、2024 年董事会运作情况 | 会议届次 | | 时间 | | 审议议案 | | --- | --- | --- | --- | --- | | | | | | 1.《关于调整公司向特定对象发行股票方案的议案》 | | 第七届董事会第六次 | 2024 | 年 | 2 月 | 2.《关于公司向特定对象发行股 ...

证券代码：002307 证券简称：北新路桥 新疆北新路桥集团股份有限公司 2024年度总经理工作报告 第一部分 2024 年工作回顾 2024 年，是中华人民共和国成立 75 周年的辉煌时刻，也是兵团成立 70 周 年的重要里程碑，更是集团实施"十四五"规划、推动高质量发展的关键一年。面 对外部压力加大、内部困难增多的复杂严峻形势，新疆北新路桥集团股份有限公 司（以下简称"北新路桥集团"或"集团"）始终坚持稳中求进的工作总基调。 一、以"稳"的态势、积蓄"进"的信心，全集团经济运行保持总体平稳、稳 中向好 2024 年，面对国内外错综复杂的经济形势和异常严峻的发展环境，集团持 续深化"市场为王、现场为要、利润是根"的经营理念，企业发展保持了平稳态势。 （一）奋力冲刺"抢订单"，市场承揽持续向好 北新路桥集团紧跟国家政策导向和市场变化，积极调整产业结构，优化市场 布局。新区域收获硕果，深耕"长三角"市场，探索承揽新模式。新板块实现突破， 持续发力新基建、新能源板块。新格局持续构建，深化与地方政府、大型企业的 战略合作，进一步巩固集团在建筑领域的地位。 （二）抓铁有痕"精管理"，营收稳健向好 北新路桥集团践行高质 ...

新疆北新路桥集团股份有限公司 董事会审计委员会对会计师事务所 2024 年度履职情况评估及履 行监督职责情况报告 根据《中华人民共和国公司法》《中华人民共和国证券法》《上市公司治理准 则》《国有企业、上市公司选聘会计师事务所管理办法》等规定的要求，新疆北 新路桥集团股份有限公司（以下简称"公司"）董事会审计委员会本着勤勉尽责 的原则，恪尽职守，认真履行审计监督职责。现将董事会审计委员会 2024 年度 对会计师事务所履职情况评估及审计委员会履行监督职责情况报告如下： 一、2024 年年审会计师事务所基本情况 （一）会计师事务所基本情况 1.基本信息 永拓会计师事务所成立于 2013 年 12 月 20 日，注册地址为北京市朝阳区关 东店北街 1 号 2 幢 13 层，首席合伙人为吕江，组织形式为特殊普通合伙。 截至 2024 年 12 月 31 日，永拓合伙人 99 人，注册会计师 350 人，签署过证 券服务业务审计报告的注册会计师 130 人。2024 年度，永拓会计师事务所经审 计收入总额 32,268 万元，审计业务收入 26,948 万元，证券业务收入 13,144 万 元；上市公司审计客户 30 ...