一、业主方及项目基本情况 （一）业主名称：安徽江一国冠港口投资发展有限公司 本公司及子公司安徽北新与安徽江一国冠港口投资发展有限公司不存在关 联关系。 （二）项目工期：一标段 270 日历天，二标段 1080 日历天。 （三）项目概况： 该项目一标段：建设 3 个 20000 吨级（水工结构兼顾 30000 吨级）通用散货 泊位，使用港口岸线长度 590m，设计年吞吐能力为 1022.3 万吨。码头平台布置 3 个 20000 吨级（水工结构兼顾 30000 吨级）通用散货泊位，平台布置配电房、 转运楼，平台后方上下游布置两座引桥与后方连接等。 证券代码：002307 证券简称：北新路桥 公告编号：2026－10 新疆北新路桥集团股份有限公司 工程中标公告 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。 新疆北新路桥集团股份有限公司（以下简称"公司""本公司"）近日收到安徽 江一国冠港口投资发展有限公司《中标通知书》。根据《中标通知书》，长江武 汉航道工程局（牵头人）、本公司子公司安徽北新建设工程有限公司（以下简称 "安徽北新"）、河北哲典建筑工程有限公司组成 ...

Market Overview - The infrastructure sector increased by 1.45% compared to the previous trading day, with Guosheng Technology leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Key Stocks Performance - Guosheng Technology (603778) closed at 16.18, up 9.99% with a trading volume of 864,900 shares and a transaction value of 1.362 billion [1] - Beixin Road and Bridge (002307) closed at 5.20, up 3.79% with a trading volume of 859,500 shares [1] - China Railway (601390) closed at 5.70, up 3.45% with a trading volume of 4,909,000 shares and a transaction value of 2.784 billion [1] - Other notable stocks include Puban Co. (002663) up 2.48%, Hongrun Construction (002062) up 2.34%, and Jianeng Tihan (300197) up 2.30% [1] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 58.8034 million from institutional investors, while retail investors saw a net inflow of 206 million [2] - The main stocks with significant capital inflow include China Power Construction (601669) with a net inflow of 82.3705 million and China Railway Construction (601186) with 80.8085 million [3] - Conversely, retail investors showed a net outflow in several stocks, including China Power Construction and China Railway Construction, indicating a mixed sentiment in the market [3]

Core Insights - The company is focusing on a three-market development strategy: deepening domestic operations, expanding into foreign markets, and optimizing overseas presence, while adhering to the principle of "market first, profit is key" [2][27] - The company has established a comprehensive market expansion framework, covering 26 provincial-level administrative regions and 10 countries, with new contract amounts exceeding 20 billion yuan for five consecutive years [3][28] Domestic Market Development - The company is actively engaging in local infrastructure upgrades in Xinjiang and the Corps, aligning with the "14th Five-Year Plan" for transportation development [31][34] - In 2024, the company secured the first highway project led by the Corps, with a contract amount of 2.89 billion yuan, setting a record for domestic market expansion [36] - The company has successfully won multiple key projects in Xinjiang, further solidifying its market share and supporting local infrastructure and energy upgrades [36][41] Foreign Market Expansion - The company is leveraging the Belt and Road Initiative to expand its overseas market presence, achieving significant breakthroughs despite market pressures [30][31] - In 2025, the company signed three new projects in Kyrgyzstan and Mongolia, with a total contract value of 166 million yuan, marking a historic milestone in its overseas operations [30] - The company is focusing on collaboration with large state-owned enterprises to enhance resource complementarity and build a stable overseas market development system [30][31] Multi-Industry Collaboration - The company is diversifying its business structure by expanding into mining, renewable energy, and new infrastructure sectors, moving away from traditional road and bridge construction limitations [47][50] - In the renewable energy sector, the company has developed a photovoltaic capacity of 72.78 MWp, integrating transportation and green energy industries [48] - The company has successfully undertaken three mining projects with a total contract value of 1.868 billion yuan, establishing a stable mining business layout [50] Qualification and Capability Enhancement - The company has significantly upgraded its qualification system, now holding 95 various qualifications, a substantial increase from 39 at the beginning of the 14th Five-Year Plan [46] - The company has implemented a closed-loop mechanism for market development, ensuring accountability and performance assessment through various management strategies [20][46] - The company continues to enhance its core competitiveness by obtaining new qualifications and upgrading existing ones, supporting its multi-industry expansion efforts [46][47]

Market Overview - The infrastructure sector increased by 1.49% compared to the previous trading day, with Guosheng Technology leading the gains [1] - The Shanghai Composite Index closed at 4067.74, up 1.29%, while the Shenzhen Component Index closed at 14127.1, up 2.19% [1] Key Stocks Performance - Guosheng Technology (603778) closed at 14.71, up 10.02% with a trading volume of 892,800 shares [1] - Suwen Electric Power (300982) closed at 21.41, up 5.36% with a trading volume of 64,700 shares [1] - China Nuclear Engineering (601611) closed at 15.88, up 3.59% with a trading volume of 604,100 shares [1] - Other notable stocks include Palm Holdings (002431) up 3.15% and Beixin Road and Bridge (002307) up 3.09% [1] Capital Flow Analysis - The infrastructure sector saw a net inflow of 190 million yuan from institutional investors, while retail investors experienced a net outflow of 38.83 million yuan [2] - Major stocks like China Railway (601390) had a net inflow of 138 million yuan from institutional investors [3] - Guosheng Technology (603778) had a net inflow of 87.57 million yuan from institutional investors, but a net outflow of 69.54 million yuan from retail investors [3] Trading Volume and Value - The trading volume for Guosheng Technology reached 12.85 billion yuan, indicating strong investor interest [1] - The total trading value for the infrastructure sector was significant, with China Electric Power (601669) recording a trading value of 1.1 billion yuan [2]

Investment Rating - The report maintains a "Positive" investment rating for the construction and engineering sector [11] Core Insights - In the inflation cycle, the prices of commodities such as copper and gold are rising, benefiting construction state-owned enterprises with quality mining rights, while the chemical industry is also expected to show profit resilience due to price elasticity [2][10] Summary by Relevant Sections Resource Sector - China Railway has invested in five modern mines, producing significant quantities of copper, cobalt, molybdenum, lead, zinc, and silver, with a revenue increase of 8.04% year-on-year in resource utilization business [6] - China Power Construction holds a 25.28% stake in Huagang Mining, with copper and cobalt production figures reported for 2025 [7] - Shanghai Construction's mining operations include a significant gold mine in Eritrea, contributing to substantial revenue from gold sales [8] - Sichuan Road and Bridge has developed a resource reserve system focusing on various minerals, with significant overseas projects [9] Chemical Industry - China Chemical has a broad chemical industrial layout, including significant production capacities for various chemicals and advancements in technology for epoxy propylene production [10] - The company has also made progress in potassium and phosphate mining, with substantial production and sales figures reported for 2025 [10] Market Performance - The construction sector's performance has varied, with specific sub-sectors showing positive growth rates year-to-date, such as chemical engineering and steel structure [20][21]

Key Highlights - Tianqi Co., Ltd. participated in financing for Galaxy General Robotics, acquiring up to 0.38% equity [1] - Hualan Vaccine has no vaccine products available for the prevention of Nipah virus [1] - Aisen Co., Ltd. plans to invest 2 billion yuan to build an integrated circuit materials manufacturing base in East China [1] - Beixin Road and Bridge won a contract for a project worth 1.221 billion yuan [1] - Yongding Co., Ltd. expects a net profit increase of 225.66% to 388.48% in 2025 [1] - Puxin Co., Ltd. intends to acquire a 5% stake in Liyuan Fluororesin for 240 million yuan [1] - Huatai Medical has repurchased 0.7202% of its shares [1] - Dayi Long plans to reduce its stake by no more than 3% [1] - Dongcai Technology's actual controller and vice chairman, Xiong Haitao, has been detained [1] - Yichang Technology's actual controller, Xiong Haitao, is under investigation and has been detained [1] Project Investments - Nord Co., Ltd. plans to invest 168 million yuan to upgrade production line equipment for Qinghai Electronics [1] - Aisen Co., Ltd. is set to invest 2 billion yuan in a manufacturing base for integrated circuit materials [1] Contract Awards - Jintanglang Co., Ltd. won a contract for the interior decoration and weak current intelligent engineering of a new hotel project [1] - Beixin Road and Bridge secured a contract worth 1.221 billion yuan [1] - Huakang Clean won a project worth 54.88 million yuan [1] Earnings Forecasts - New Meixing Co., Ltd. expects a net profit growth of 160.76% to 204.96% in 2025 [1] - Hongxin Electronics anticipates a net profit of 110 million to 150 million yuan in 2025, a year-on-year increase of 93.61% to 164.01% [1] - Yongding Co., Ltd. forecasts a net profit increase of 225.66% to 388.48% in 2025 [1] - Zhenlei Technology expects a net profit increase of 529.64% to 642.26% in 2025 [1] - Ningbo Fubang anticipates a net profit growth of 3099.59% to 4379.43% in 2025 [1] Share Acquisitions - Puxin Co., Ltd. plans to acquire a 5% stake in Liyuan Fluororesin for 240 million yuan [1] - Yingxin Development intends to acquire 60% equity in Changxing Semiconductor [1] Share Buybacks - Jingji Zhino has repurchased 5.438 million shares [2] - Huatai Medical has repurchased 0.7202% of its shares [2] Share Reductions - Baida Precision plans to reduce its stake by no more than 2% [2] - Dayi Long intends to reduce its stake by no more than 3% [2] - Zhishang Technology's Liu Dongsheng and Liu Dongli plan to reduce their stakes by no more than 3% [2] - Shichuang Securities' City Power plans to reduce its holdings by no more than 27.245 million A-shares [2] - Pianzaihuang's Jiulongjiang Group plans to increase its holdings by 300 million to 500 million yuan [2] Other News - Dongcai Technology's actual controller and vice chairman, Xiong Haitao, has been detained [2] - Jingpin Special Equipment has been banned from participating in procurement activities for military supplies for three years [2] - Yichang Technology's actual controller, Xiong Haitao, is under investigation and has been detained [2]

Core Viewpoint - Xinjiang Beixin Road and Bridge Group Co., Ltd. has announced its fourth quarter operational report for 2025, highlighting key developments and decisions made during the first extraordinary shareholders' meeting of 2026, including a significant project win that may enhance the company's market position and future performance [1][3][18]. Group 1: Fourth Quarter Operational Report - The fourth quarter operational report is preliminary and unaudited, indicating potential discrepancies with regular financial disclosures [1]. - The report emphasizes the company's commitment to accurate and complete information disclosure [1]. Group 2: Extraordinary Shareholders' Meeting - The extraordinary shareholders' meeting was held on January 27, 2026, with a total of 558 shareholders present, representing 681,596,414 shares, which is 41.34% of the total voting shares [7]. - The meeting approved a proposal to change the company's registered capital and amend the Articles of Association, with 99.52% of the votes in favor [10]. - The meeting's procedures were confirmed to comply with legal and regulatory requirements, as verified by legal counsel [14]. Group 3: Project Win Announcement - The company, in a consortium with Xinjiang Hongyuan Construction Group and Sichuan Provincial Highway Planning and Design Institute, won a bid for the construction of a highway project with a total bid amount of approximately RMB 1.22 billion (￥1,221,267,231.05) [18][19]. - The project spans 72.962 kilometers and is expected to be completed within 1,096 calendar days, adhering to specified quality standards [20][21]. - Winning this project is anticipated to enhance the company's market competitiveness and positively impact future performance [23].

Group 1 - The core point of the article is that Xinjiang Beixin Road and Bridge Group Co., Ltd. held its first extraordinary shareholders' meeting of 2026 on January 27, where a proposal to change the company's registered capital and amend the articles of association was approved with a high vote of 99.52% [1][3]. Group 2 - The extraordinary shareholders' meeting was held on January 27, 2026, at 11:00 AM in Urumqi, Xinjiang, with a combination of on-site and online voting. A total of 558 shareholders attended, representing 681,596,414 shares, which is 41.34% of the total voting shares [2]. - The voting results showed that 678,353,693 shares (99.52%) were in favor of the proposal, while 2,155,301 shares (0.32%) opposed it, and 1,087,420 shares (0.16%) abstained [3]. - The legal opinion from Beijing Guofeng Law Firm confirmed that the meeting's procedures and voting results were in compliance with relevant laws and regulations [3]. Group 3 - The approval of the registered capital change and amendment of the articles of association is expected to provide a governance structure that better supports the company's strategic development [3].

Group 1 - The company, Beixin Road and Bridge, announced on January 27 that it has received a bid notification from the Xinjiang Production and Construction Corps Fourth Division Transportation Development Center [1] - The company is part of a consortium with Xinjiang Hongyuan Construction Group Co., Ltd. and Sichuan Provincial Highway Planning and Surveying Design Research Institute Co., Ltd. that has been awarded the contract for the Horgos City - Yining New Airport - Keke Dala City - Yining Highway project [1] - The total bid amount for the project is approximately RMB 1.221 billion (¥1,221,267,231.05) [1]

该项目的中标有利于公司进一步提升市场竞争力和市场份额，若该项目顺利实施将对公司未来业绩产生 积极影响。 格隆汇1月27日丨北新路桥(002307.SZ)公布，公司近日收到新疆生产建设兵团第四师交通运输事业发展 中心发来的中标通知书，根据《中标通知书》，新疆宏远建设集团有限公司(牵头人)与本公司、四川省 公路规划勘察设计研究院有限公司组成的联合体被确定为霍尔果斯市-伊宁新机场-可克达拉市-伊宁公路 项目(设计施工总承包)中标人。中标金额为人民币壹拾贰亿贰仟壹佰贰拾陆万柒仟贰佰叁拾壹元伍分 (￥1,221,267,231.05)。 ...