证券代码：002541 证券简称：鸿路钢构 公告编号：2026-006 债券代码：128134 债券简称：鸿路转债 安徽鸿路钢结构（集团）股份有限公司 特此公告。 安徽鸿路钢结构（集团）股份有限公司 董事会 安徽鸿路钢结构（集团）股份有限公司（以下简称"公司"）第六届董事会第三十二 次会议于 2026 年 1 月 8 日以送达方式发出，并于 2026 年 1 月 13 日在公司会议室以现场 的方式召开。会议应出席董事 5 人，实际出席董事 5 人，符合召开董事会会议的法定人数。 会议由董事长万胜平先生主持，公司高级管理人员列席了会议。本次会议的召集、召开符 合《公司法》和《公司章程》的有关规定，出席会议的董事以书面表决的方式通过了以下 决议，决议合法有效。 二、董事会会议审议情况 会议经过审议并表决，形成决议如下： （一）、会议以 5 票同意，0 票反对，0 票弃权，审议通过了《关于不向下修正"鸿路 转债"转股价格的议案》。 《关于不向下修正"鸿路转债"转股价格的公告》（公告编号：2026-007），详见公司指 定信息披露媒体《证券时报》、《中国证券报》、《上海证券报》、《证券日报》和巨潮资讯 （http:/ ...

Core Viewpoint - Honglu Steel Structure (002541.SZ) is expected to deliver a stable operational performance in 2025, characterized by increased volume and steady orders, driven by its ongoing smart transformation efforts [1][2]. Group 1: Sales and Production Performance - In 2025, Honglu Steel Structure signed new sales contracts totaling approximately 29.102 billion yuan, reflecting a slight year-on-year increase of 2.84% [1][2]. - The company's steel structure product output reached 5.0207 million tons in 2025, marking a significant year-on-year growth of 11.30%, with fourth-quarter production alone at 1.4105 million tons [1][2]. - By the end of 2024, the annual production capacity of steel structures is expected to increase to 5.2 million tons, consolidating its manufacturing advantages and steadily increasing market share [2]. Group 2: Smart Transformation and R&D Investment - Honglu Steel Structure has invested approximately 3 billion yuan in R&D from 2021 to the first three quarters of 2025, focusing on smart upgrades of production lines [3][4]. - The company has implemented nearly 2,000 lightweight welding robots and ground rail welding workstations across its ten major manufacturing bases, enhancing production efficiency and product stability [3]. - A strategic partnership with Qianjiang Robot, a subsidiary of Aishida, has been established to accelerate smart transformation through collaborative R&D and procurement of intelligent equipment [4][5]. Group 3: Future Outlook - The dual approach of "independent R&D + external collaboration" is expected to strengthen Honglu Steel Structure's core competitiveness, with anticipated improvements in capacity utilization, production costs, and product quality [5]. - The ongoing smart transformation is projected to yield continuous benefits, supported by demand in manufacturing, infrastructure, and public construction sectors [5].

Core Viewpoint - Honglu Steel Structure, a leading player in the steel structure industry, is expected to deliver a stable operational performance in 2025, with a focus on increasing volume and steady orders [1][2]. Group 1: Sales and Production Performance - The company reported a total new signed sales contract amount of approximately 29.102 billion yuan in 2025, reflecting a slight year-on-year increase of 2.84% [2]. - In the fourth quarter, new signed contracts reached 6.835 billion yuan, all of which were material orders, indicating a more focused order structure on core business [2]. - The total production of steel structure products reached 5.0207 million tons, a significant year-on-year increase of 11.30%, with fourth-quarter production alone at 1.4105 million tons [2][3]. Group 2: Strategic Initiatives and Investments - The company has invested approximately 3 billion yuan in research and development over the past five years, focusing on intelligent upgrades in production lines [3][4]. - A strategic partnership with Qianjiang Robot has been established to enhance the company's competitive edge through a dual approach of self-research and collaboration [4][5]. - The partnership includes a framework cooperation agreement for equipment procurement and technology development, allowing for mutual benefits and resource integration [4][5]. Group 3: Future Outlook and Competitive Advantage - The company aims to further enhance production capacity utilization, reduce production costs, and improve product quality through ongoing intelligent transformation efforts [5]. - The long-term value of intelligent transformation is expected to become increasingly evident, supported by downstream demand in manufacturing, infrastructure, and public construction [5].

Investment Rating - Investment Rating: Positive (Maintained) [5] Core Views - The report suggests actively monitoring the business progress of Honglu Steel Structure and China National Materials International. Honglu Steel Structure's Q4 2025 production reached 1.41 million tons, up 11.94% year-on-year, with an annual production of 5.021 million tons, reflecting a 11.3% increase. The capacity utilization rate is approximately 96.55%, indicating a significant improvement from 2024, suggesting the company has entered a high-efficiency operational phase. The introduction of nearly 2,500 welding robots and supporting smart production lines is expected to enhance production efficiency and actual effective capacity. Additionally, the company has improved its overseas certification system, which may become a new growth point in the medium to long term. China National Materials International has maintained the world's leading market share in cement engineering for 17 consecutive years, with overseas markets being the primary source of business. In the first three quarters of 2025, the company signed new overseas orders worth 41.304 billion yuan, a year-on-year increase of 36.75%, indicating a high level of overseas order activity, providing a solid foundation for future business development. The company has also committed to a stable cash dividend policy, with a payout ratio of no less than 40% of the distributable profits for 2024-2026, enhancing its investment attractiveness [4][6][13][15]. Industry Performance - Recent data indicates that infrastructure and livelihood security construction in China continues to progress steadily. As of January 5, 2026, the high-speed railway network covers approximately 97.2% of cities with populations over 500,000, with operational mileage exceeding 50,000 kilometers, projected to grow by 32.98% during the 14th Five-Year Plan. Local governments are increasing efforts in affordable housing construction, with significant projects completed in regions like Xinjiang and Beijing. The national water network construction is accelerating, with 181 major water conservancy projects initiated during the 14th Five-Year Plan, with total investments reaching 5.68 trillion yuan [7][24][26]. Infrastructure Data Tracking - New special bonds issued this week amounted to 87.434 billion yuan, with a cumulative issuance of 1019.34 billion yuan as of January 11, 2026. The issuance of urban investment bonds this week was 90.859 billion yuan, with a net financing amount of 28.226 billion yuan, and a cumulative net financing amount of 19.408 billion yuan, reflecting a year-on-year increase of 30.98% [8][40]. Market Review - The Shanghai Composite Index rose by 3.82%, the Shenzhen Component Index by 4.40%, and the ChiNext Index by 3.89% this week. The Shenwan Construction Decoration Index increased by 5.72%, with other professional engineering, steel structure, and landscaping engineering sectors leading the gains at +16.91%, +11.93%, and +7.34%, respectively. A total of 142 stocks in the construction sector rose, with the top five performers being Zhite New Materials (+148.84%), China Nuclear Construction (+34.50%), Yaxiang Integration (+31.41%), Nongshang Environment (+30.90%), and *ST Tianlong (+28.95%) [9][32].

Core Viewpoint - Honglu Steel Structure reported positive operational performance for 2025, with significant production and sales growth, while actively pursuing smart manufacturing upgrades to enhance capacity and product quality [1][9]. Group 1: Production and Sales Performance - In 2025, the company produced approximately 5.02 million tons of steel structure products, representing an 11.30% increase year-on-year [1][9]. - The total new signed sales contracts amounted to approximately 29.10 billion yuan, reflecting a year-on-year growth of 2.84% [1][9]. - The company currently has a saturated order book and normal production operations [1][9]. Group 2: Smart Manufacturing Initiatives - The company is advancing its smart manufacturing initiatives, having introduced various advanced equipment such as intelligent laser cutting machines and welding robots [1][5]. - Approximately 3,000 self-developed and integrated welding robot workstations have been deployed across ten production bases [5][6]. - The "Honglu Master Riveting Detection Robot" has been introduced in limited quantities to enhance production quality [5][6]. Group 3: Capacity and Market Strategy - The total production capacity for steel structure products reached 5.20 million tons in 2025, with a focus on optimizing management processes to strengthen core competitiveness [1][7]. - The company has been gradually increasing its indirect export business, primarily serving domestic clients, while considering future overseas market expansion based on demand [1][7]. Group 4: Pricing and Financial Management - The pricing model for product sales is based on "material cost + processing fee," with a focus on improving product quality and service delivery to enhance customer satisfaction [2][7]. - The company is evaluating the potential adjustment of convertible bond conversion prices based on its operational status, macroeconomic conditions, and stock price trends [2][8].

Core Viewpoint - Anhui Honglu Steel Structure (Group) Co., Ltd. is actively engaging with institutional investors, showcasing its production capabilities and advancements in intelligent manufacturing, with a focus on future growth and market expansion [1][3][4]. Group 1: Investor Engagement - The company recently hosted a specific investor survey from January 8 to 9, 2026, attended by 19 institutions including Huayuan Securities and Shanghai Ningquan Asset Management [1][2]. - The discussions covered key topics such as production operations, intelligent upgrades, and capacity planning [1][2]. Group 2: Production and Technological Advancements - The company reported a production output of 502.07 million tons in 2025, marking an 11.30% year-on-year increase, with new sales contracts amounting to approximately 29.102 billion yuan, a 2.84% increase [3]. - The company has implemented significant intelligent manufacturing technologies, including 3,000 welding robots and various advanced cutting machines, enhancing operational efficiency [3][4]. Group 3: Cost Control and Future Planning - While the application of intelligent equipment has improved production capacity and quality, the immediate impact on cost reduction has been limited [4]. - The company plans to optimize its existing production capacity without disclosing new capacity plans for 2026, focusing on enhancing core competitiveness and customer satisfaction [4]. - Future overseas market expansion will be considered based on market conditions, and the company is committed to improving its debt repayment capacity and risk management [4].

人民财讯1月12日电，鸿路钢构(002541)近日在接待机构调研时表示，公司2025年累计新签销售合同额 约291.02亿元，较上年同期增长2.84%，2025年钢结构产品产量约502.07万吨，较上年年同期增长 11.30%。目前公司生产经营正常，订单饱和。 转自：证券时报 ...

Group 1: Company Overview - Anhui Honglu Steel Structure Group's production capacity reached 5.2 million tons in 2025, marking an 11.3% increase from the previous year [7] - The company has ten production bases, with approximately 3,000 welding robots deployed across these sites [2] Group 2: Technological Advancements - The company has actively pursued smart manufacturing, introducing advanced equipment such as high-power laser cutting machines and industrial welding robots [2] - The "Honglu Master Riveting Detection Robot" has been developed for full-process operations on six types of components, with limited deployment in production bases [2] Group 3: Financial Performance - In 2025, the company signed new sales contracts totaling approximately RMB 29.102 billion, a 2.84% increase year-on-year [7] - The pricing strategy for products is based on "material cost + processing fee," with a focus on enhancing product quality and service delivery [5] Group 4: Future Plans - The company is considering expanding its overseas business based on market demand, although current clients are primarily domestic [3] - Plans for 2026 include optimizing control over production processes to enhance core competitiveness [4] Group 5: Investor Relations - The company is committed to timely information disclosure regarding convertible bond adjustments and will consider various factors in decision-making [6] - Investors were shown the company's production operations through a video monitoring center during the investor relations activity [1]

Investment Rating - The report maintains an "Overweight" rating for the construction and engineering sector and the building materials sector [9] Core Insights - The construction activity indicators have shown significant improvement at the beginning of 2026, with increased operating rates for cement mills and concrete mixing stations, alongside a rise in building steel sales [12][20] - The commercial aerospace sector is expected to see a surge in demand for high-temperature materials and perovskite materials due to the acceleration of satellite launches [12][13] - The report suggests a balanced investment strategy between emerging industries and traditional sectors in Q1 2026, with a focus on companies like Jinggong Steel Structure, Sichuan Road and Bridge, and China Nuclear Engineering [12][10] Summary by Sections Construction and Engineering - The construction sector is benefiting from improved PMI indicators and government policies aimed at boosting domestic demand, with a focus on steel structures and fiberglass [12][13] - Key metrics include a national cement mill operating rate of 36.6%, up 6.6 percentage points month-on-month and 14.1 percentage points year-on-year [12] Building Materials - The report highlights a slight decrease in national cement prices by 0.1% to 358 CNY per ton, with a 38.7% shipment rate [20] - The average price of float glass is reported at 60 CNY per weight box, showing a week-on-week increase of 0.2% [21] Recommended Companies - The report recommends several companies for investment, including: - China National Materials (600970 CH) with a target price of 14.23 CNY and a "Buy" rating [10] - Sichuan Road and Bridge (600039 CH) with a target price of 13.48 CNY and a "Buy" rating [10] - Jinggong Steel Structure (600496 CH) with a target price of 5.75 CNY and a "Buy" rating [10] - Other recommended companies include China Glass (600176 CH), Oriental Yuhong (002271 CH), and Huaneng Renewables (600552 CH) [10][31]

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码:002541 证券简称:鸿路钢构 公告编号:2026-005 债券代码:128134 债券简称:鸿路转债 安徽鸿路钢结构（集团）股份有限公司 一、股票交易异常波动的情况 安徽鸿路钢结构（集团）股份有限公司（以下简称"公司"）股票于2026年1月7日、2026年1月8日、2026 年1月9日连续3个交易日收盘价格涨幅偏离值累计超过20%，根据《深圳证券交易所交易规则》规定， 属于股票交易的异常波动情形。 二、公司关注并核实相关情况 针对公司股票交易异常波动，公司已对有关事项进行了核查，询问了公司控股股东及实际控制人，现就 有关情况说明如下： 1、公司前期披露的信息不存在需要更正、补充之处； 2、近期公共媒体未报道可能或已经对公司股票交易价格产生较大影响的未公开重大信息； 3、公司生产经营情况正常，内外部经营环境未发生重大变化； 4、公司、控股股东及实际控制人不存在关于公司的应披露而未披露的重大事项，或处于筹划阶段的重 大事项； 5、公司控股股东及实际控制人在公司股票交易异常波动期间未买卖本公司股票； 关于公司股价异动的公告 本公司及董事会全体成员保证信 ...