北新路桥（002307）(002307.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净亏损1亿元 至1.4亿元;扣除非经常性损益后的净亏损1.6亿元至2.2亿元。报告期内，公司积极发挥区位优势，新疆 地区业务保持增长，营业收入有一定比例的增长。 ...

智通财经APP讯，北新路桥(002307.SZ)披露2025年度业绩预告，公司预计归属于上市公司股东的净亏损 1亿元至1.4亿元;扣除非经常性损益后的净亏损1.6亿元至2.2亿元。报告期内，公司积极发挥区位优势， 新疆地区业务保持增长，营业收入有一定比例的增长。 ...

公司2025年度净利润预计较上年同期变动的主要原因：1、报告期内，公司积极发挥区位优势，新疆地 区业务保持增长，营业收入有一定比例的增长。同时，通过强化在建项目全流程精细化管理，进一步提 升了项目管理水平。此外，公司持续降低融资成本，为盈利水平改善提供了有力支撑。2、公司投资建 设的高速公路进入运营期后，根据行业特点在运营初期仍处于收费培育期，财务费用等固定费用较高， 出现运营亏损。3、根据《企业会计准则》相关规定，公司秉持谨慎性原则，对可能发生减值损失的应 收款项计提信用减值准备。综上，公司2025年度仍处于亏损状态，但相较上年同期，亏损幅度大幅收 窄。 格隆汇1月21日丨北新路桥(002307.SZ)公布，公司预计2025年1月1日至2025年12月31日归属于上市公司 股东的净亏损10,000万元—14,000万元，同比减亏66.90%—76.35%；扣除非经常性损益后的净亏损 16,000万元—22,000万元，同比减亏54.19%—66.68%。 ...

Financial Performance - The company expects a net loss of between 100 million and 140 million yuan for the year 2025, compared to a loss of 422.91 million yuan in the same period last year, indicating a year-on-year reduction in loss margin of 66.90% to 76.35%[4] - The net profit attributable to shareholders after deducting non-recurring gains and losses is projected to be a loss of 160 million to 220 million yuan, down from a loss of 480.22 million yuan last year, reflecting a year-on-year reduction in loss margin of 54.19% to 66.68%[4] - Basic earnings per share are expected to be a loss of 0.08 to 0.11 yuan per share, compared to a loss of 0.35 yuan per share in the previous year[4] Business Operations - The company has maintained growth in its business in the Xinjiang region, contributing to a certain percentage increase in operating revenue[6] - The company has improved project management levels through refined management of ongoing projects and has continuously reduced financing costs to support profit improvement[6] - The company’s investment in highway construction has entered the operational phase, but it is still in the fee cultivation period, leading to operational losses due to high fixed costs[6] - The company has made provisions for credit impairment losses on receivables in accordance with the prudence principle of accounting standards[6] Financial Reporting - The preliminary financial results are subject to change and may differ from the final audited figures in the 2025 annual report[9]

Investment Rating - The report maintains a "Positive" investment rating for the construction and engineering industry [11] Core Insights - China is accelerating its satellite constellation application to secure scarce orbital resources, with over 200,000 satellite frequency resources applied for by December 2025 [2][6] - The urgency of securing orbital resources is highlighted by the "first come, first served" rule established by the International Telecommunication Union (ITU) [7] - Recent catalysts in new productive forces suggest investment opportunities in construction and new sectors [9] Summary by Sections Industry Overview - The report discusses the rapid growth of China's satellite constellation plans, with significant applications from various organizations, including the Wireless Radio Innovation Institute and China Mobile [6][7] - The urgency of securing orbital resources is emphasized, as failure to deploy satellites within specified timeframes could lead to loss of rights and potential service disruptions [7] Market Performance - The Shanghai Composite Index rose by 3.82%, while the Longjiang Construction Engineering Index increased by 5.34%, indicating strong market performance in the construction sector [20] - Various sub-sectors within construction have shown different performance metrics, with steel structure and other specialized engineering sectors leading in growth [20] Investment Opportunities - Companies like Shanghai Port and the Wireless Radio Innovation Institute are highlighted for their innovative projects, such as perovskite batteries for satellites and drones, which could drive future growth [9] - The semiconductor sector is also noted for potential growth due to increased capital expenditure, with specific companies recommended for investment [9] Key Data Updates - The construction industry's PMI for December 2025 was reported at 52.8%, indicating a slight decrease year-on-year but an increase month-on-month [44] - Fixed asset investment in November 2025 was 3.5 billion, showing a year-on-year decrease of 12.0% [44][50] - Real estate development investment for November 2025 was reported at 0.5 trillion, down 30.3% year-on-year, indicating challenges in the real estate sector [56]

Group 1 - The company, Beixin Road and Bridge (002307), announced the approval of several key resolutions during its 28th meeting of the 7th Board of Directors [1] - The resolutions include the use of raised funds to replace pre-invested project funds and already paid issuance expenses [1] - The company also approved a proposal to change its registered capital and amend the Articles of Association [1] - Additionally, a resolution was passed to convene the first extraordinary shareholders' meeting of 2026 [1]

Group 1 - The company Beixin Road and Bridge (002307) announced that it will hold its first extraordinary general meeting of shareholders in 2026 on January 27 [1]

Group 1 - The company Beixin Road and Bridge announced that its 28th meeting of the 7th board of directors was held on January 8, 2026, in Urumqi, Xinjiang [1] - The meeting reviewed the proposal regarding the change of the company's registered capital and the revision of the company's articles of association [1]

新疆北新路桥集团股份有限公司 募集资金置换专项审核报告 希会审字(2026)0006 号 t and the · t : the state of the subject of the state tion the state of the subject of the subject of the subject of the subject of the subject of the subject of the subject of the subject of the stati the state of the t and t and the first t and the 目 发行费用的自筹资金的专项说明…………… （ 3-5 ） 三、证书复印件 一、募集资金置换专项审核报告………………(1-2) 二、关于以募集资金置换预先投入募投项目及已支付 ( 一 ) 注 册 会 计 师 资 质 证 明 ( 二 ) 会 计 师 事 务 所 营 业 执 照 (三) 会计师事务所执业证书 希格玛会计师事务所(特殊普通合伙) XigemaCpas(Special General Partnership) 希会审字( ...

中信建投证券股份有限公司 关于新疆北新路桥集团股份有限公司 使用募集资金置换预先投入募投项目及已支付发行费用的 自筹资金的核查意见 中信建投证券股份有限公司（以下简称"中信建投证券""保荐人"）作为新 疆北新路桥集团股份有限公司（以下简称"北新路桥""公司""发行人"）向特 定对象发行股票的保荐人，根据《证券发行上市保荐业务管理办法》《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（2025 年修订）》《上市公司募集资金监管规则》等有关规定， 对公司使用募集资金置换预先投入募投项目及已支付发行费用的自筹资金的事 项进行了认真、审慎核查，并发表如下核查意见： 一、募集资金基本情况 根据中国证券监督管理委员会出具的《关于同意新疆北新路桥集团股份有限 公司向特定对象发行股票注册的批复》（证监许可〔2025〕1925 号），公司向特定 对象发行人民币普通股（A 股）380,487,474 股，每股发行价格为人民币 4.07 元， 募集资金总金额 1,548,584,019.18 元，募集资金净额为 1,532,236,775.42 元。上述 募集资金已全部到位， ...