Core Viewpoint - Zhonghua Rock and Soil (002542.SZ) reported its operational performance for the second quarter of 2025, highlighting a total of 18 new engineering service contracts signed, amounting to a total value of 275 million yuan [1] Summary by Category - **Company Performance** - The company secured 18 new contracts in its engineering services business during the second quarter [1] - The total value of the new contracts reached 275 million yuan [1]

Group 1 - The core point of the article is that Zhonghua Rock and Soil (002542.SZ) reported its operational performance for the second quarter of 2025, highlighting significant new orders and ongoing projects [1] - In the second quarter, the company secured new engineering service contracts totaling 275 million yuan [1] - As of the end of the reporting period, the total amount of signed but uncompleted orders reached 1.845 billion yuan [1] - The company also has additional bids that have been won but not yet signed, amounting to 70.6657 million yuan [1]

证券代码：002542 证券简称：中化岩土 公告编号：2025-064 中化岩土集团股份有限公司 2025 年第二季度经营情况简报 本公司及董事会全体成员保证公告内容与信息披露义务人 提供的信息一致。 根据《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 3 号——行业信息披露》等相关规定，中 化岩土集团股份有限公司（以下简称"公司"）现将 2025 年第 二季度土木工程建筑业经营情况简报公告如下： 一、合同订单情况 已签订合同的重大项目履行情况如下： | 项目名称 | 合同 | 业务 | 工 | 履行情况 | | --- | --- | --- | --- | --- | | | 金额 | 模式 | 期 | | | | | | | 该项目已于 2021 年 10 月开工。截至 2025 年 6 月 | | 温州市经济 | | | 预 | 末，项目累计确认收入 82,567.05 万元，收到工程 | | 技术开发区 | | | 计 | 款 69,793.77 万元。由于项目实施初期主要为软基 | | 滨海核心区 | 11.51 | EPC 总 | 工 | 处理工程，施工周期长，工程产值低 ...

Core Viewpoint - Zhonghua Geotechnical has experienced continuous poor performance, with cumulative losses exceeding 3 billion yuan from 2021 to 2024, despite recent stock price surges driven by market speculation around the "low-altitude economy" concept and the Yarlung Tsangpo River hydropower project [1][5][6]. Group 1: Stock Performance and Market Speculation - On July 24, Zhonghua Geotechnical's stock hit the limit up, closing at 5.01 yuan, with a market capitalization of 9 billion yuan, following a series of speculative trading sessions [2][4]. - The stock has seen four limit-up days in six trading days since July 17, driven by the "low-altitude economy" concept and the Yarlung Tsangpo hydropower project [2][3]. - The stock previously experienced significant volatility, with a remarkable rise from 1.78 yuan to 7.33 yuan over 17 trading days last October, marking an increase of over 300% [2][3]. Group 2: Financial Performance and Business Operations - Zhonghua Geotechnical is projected to report a net loss of 1.5 billion to 1.9 billion yuan for the first half of this year, following a loss of 2.59 billion yuan in the same period last year [5][6]. - The company has recorded cumulative losses of over 3 billion yuan from 2021 to 2024, with net losses of 3.15 billion yuan, 7.07 billion yuan, 7.39 billion yuan, and 13.84 billion yuan in each respective year [6][7]. - The main business segments, including foundation treatment and municipal engineering, have seen declining revenues, with total revenues of 4.3 billion yuan in 2024, and both segments reporting negative gross margins [6][7]. Group 3: Debt and Financial Health - As of the first quarter of 2025, the company had accounts receivable and contract assets totaling 1.875 billion yuan, accounting for 86.7% of current assets, with a significant portion being overdue [7]. - The company's debt situation is concerning, with a debt-to-asset ratio of 86.2% and short-term borrowings of 484 million yuan, while cash on hand is only 253 million yuan [7]. - To alleviate financial pressure, Zhonghua Geotechnical plans to issue bonds, with a proposed issuance of up to 800 million yuan and 300 million yuan in medium-term notes and corporate bonds, respectively [7].

Market Overview - The Shanghai Composite Index rose by 0.65% on July 24, with 28 out of the 31 sectors experiencing gains, led by the beauty care and non-ferrous metals sectors, which increased by 3.10% and 2.78% respectively [2] - The construction decoration sector saw a rise of 1.50%, while the banking, communication, and public utilities sectors faced declines of 1.42%, 0.15%, and 0.09% respectively [2] Capital Flow Analysis - The net inflow of capital in the two markets reached 8.913 billion yuan, with 16 sectors experiencing net inflows [2] - The non-ferrous metals sector had the highest net inflow of 7.736 billion yuan, corresponding to its 2.78% increase, followed by the non-bank financial sector with a net inflow of 5.644 billion yuan and a daily increase of 2.06% [2] - Conversely, 15 sectors experienced net outflows, with the construction decoration sector leading with a net outflow of 3.417 billion yuan, followed by the machinery equipment sector with a net outflow of 2.737 billion yuan [2] Construction Decoration Sector Performance - In the construction decoration sector, 112 out of 157 stocks rose, with 6 hitting the daily limit [3] - The top stocks with net inflows included Zhonghua Rock and Soil with a net inflow of 381 million yuan, followed by Hainan Development and China State Construction with net inflows of 204 million yuan and 123 million yuan respectively [3] - The sector also saw significant net outflows, with China Power Construction leading at 2.719 billion yuan, followed by China Energy Construction at 1.190 billion yuan [5] Top Gainers and Losers in Construction Decoration Sector - The top gainers in the construction decoration sector included: - Zhonghua Rock and Soil: +10.11% with a turnover rate of 24.22% and a main capital flow of 381.47 million yuan [4] - Hainan Development: +10.01% with a turnover rate of 13.86% and a main capital flow of 203.85 million yuan [4] - The top losers included: - China Power Construction: +10.04% with a main capital outflow of -2.71867 billion yuan [5] - China Energy Construction: +3.79% with a main capital outflow of -1.19049 billion yuan [5]

证券代码：002542 证券简称：中化岩土 公告编号：2025-062 中化岩土集团股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 中化岩土集团股份有限公司（以下简称"公司"）董事会于 会议于 2025 了召开公司第五届董事会第十七次临时会议的通知， 年 7 月 23 日在四川省成都市武侯区天长路 111 号永安公服 5 层 会议室以现场与通讯同时进行的方式召开。会议应出席董事 8 人， 实际出席董事 8 人。会议由公司董事长刘明俊先生召集并主持， 公司监事、高级管理人员列席了会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公 司法》和《中化岩土集团股份有限公司章程》的有关规定，会议 有效。本次会议审议通过如下议案： 况另行履行相关审议程序。 《关于取消召开 2025 年第三次临时股东会的公告》发布于 《证券时报》和巨潮资讯网。 特此公告。 中化岩土集团股份有限公司 董事会 — 2 — — 1 — 一、关于取消召开 2025 年第三次临时股东会的议案 表决结果：8 票同意、0 票弃权、0 票反对。 根据公司融资工作统筹安排，公司计划通过 ...

本公司及董事会全体成员保证信息披露内容的真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 中化岩土集团股份有限公司（以下简称"公司"）于 2025 年 7 月 23 日召开第五届董事会第十七次临时会议审议通过了 《关于取消召开 2025 年第三次临时股东会的议案》，公司董事 会决定取消原定于 2025 年 7 月 28 日召开的 2025 年第三次临时 股东会。本次取消召开股东会的事宜符合法律、行政法规、部 门规章、规范性文件和《中化岩土集团股份有限公司章程》的 相关规定。现将有关事项公告如下： 一、取消股东会的基本情况 1．股东会届次：2025 年第三次临时股东会。 证券代码：002542 证券简称：中化岩土 公告编号：2025-063 中化岩土集团股份有限公司 关于取消召开2025年第三次临时股东会的公告 2．股东会的召集人：董事会。 2025 年 7 月 8 日，公司第五届董事会第十六次临时会议审 议通过了《关于召开 2025 年第三次临时股东会的议案》。 3．会议召开时间： （1）现场会议召开时间为：2025 年 7 月 28 日（星期一） 下午 14:00； （2）网络投票时间为：2025 ...

中化岩土集团股份有限公司 证券代码：002542 证券简称：中化岩土 公告编号：2025-062 第五届董事会第十七次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确 和完整，没有虚假记载、误导性陈述或重大遗漏。 中化岩土集团股份有限公司（以下简称"公司"）董事会于 2025 年 7 月 23 日以电话通知、电子邮件、现场通知等方式发出 了召开公司第五届董事会第十七次临时会议的通知，会议于2025 年 7 月 23 日在四川省成都市武侯区天长路 111 号永安公服 5 层 会议室以现场与通讯同时进行的方式召开。会议应出席董事 8 人， 实际出席董事 8 人。会议由公司董事长刘明俊先生召集并主持， 公司监事、高级管理人员列席了会议。 本次会议的召集、召开和表决程序符合《中华人民共和国公 司法》和《中化岩土集团股份有限公司章程》的有关规定，会议 有效。本次会议审议通过如下议案： 一、关于取消召开 2025 年第三次临时股东会的议案 表决结果：8 票同意、0 票弃权、0 票反对。 根据公司融资工作统筹安排，公司计划通过其他渠道获取融 资，取消原定相关发行计划。经综合评估和审慎考虑，公司董事 会决 ...

Group 1 - Oumei Medical (002950.SZ) shareholder Chen Haohua reduced holdings by 4.214 million shares, accounting for 0.67% of total shares, bringing his stake down to 10.87% [1] - Bestar (300822.SZ) shareholders plan to reduce holdings by up to 9.298731 million shares, representing 3% of total shares, within three months after 15 trading days [1] - Boying Special Welding (301468.SZ) shareholder Shenzhen Zhanxing Fund has reduced holdings by 2.616 million shares, accounting for 1.98% of total shares, since the disclosure of the reduction plan [1] Group 2 - Guizhou Gas (600903.SH) shareholders plan to reduce holdings by up to 34.5 million shares, representing 3% of total shares, within three months after 15 trading days [2] - Guotai Group (603977.SH) controlling shareholder has reduced holdings by 1.652 million shares, accounting for 0.266% of total shares, with the reduction plan completed [2] - Hongjing Technology (301396.SZ) directors plan to reduce holdings by up to 1.535 million shares, each accounting for 1% of total shares, within three months after 15 trading days [2] Group 3 - Huazhong Group (301027.SZ) senior management plans to reduce holdings by up to 32.8 million shares, 600,000 shares, 150,000 shares, and 500,000 shares respectively within three months after 15 trading days [1][2] - Mingyang Electric (301291.SZ) shareholders have completed a reduction of 3.23 million shares, accounting for 1.03% of total shares, with one shareholder required to buy back shares due to price issues [4] - Olin Bio (688319.SH) controlling shareholder plans to reduce holdings by up to 12.178 million shares, representing 3% of total shares, within three months after 15 trading days [5] Group 4 - Xinhai Technology (688595.SH) repurchase account reduced holdings by 1.071844 million shares, accounting for 0.75% of total shares, with the reduction plan completed [7] - Zhonghua Rock and Soil (002542.SZ) director Wang Hao completed a reduction of 500,000 shares, accounting for 0.0277% of total shares [8] - Zhongze Special Materials (300963.SZ) shareholder Shanghai Dunjia plans to reduce holdings by up to 8.0885 million shares, representing 1.76% of total shares, within three months after 15 trading days [9]

证券代码：002542 证券简称：中化岩土 公告编号：2025-061 中化岩土集团股份有限公司 关于董事减持股份计划实施完毕公告 董事王浩先生保证向本公司提供的信息内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人 提供的信息一致。 中化岩土集团股份有限公司（以下简称："公司"）于 2025 年 5 月 7 日披露了《关于董事减持股份预披露公告》（公告编号： 2025-038），公司董事王浩先生计划自公告之日起 15 个交易日 后的 3 个月内（2025 年 5 月 28 日至 2025 年 8 月 27 日）以集中 竞价或大宗交易方式减持公司股份不超过 500,000 股。 近日，公司收到董事王浩先生出具的《股份减持情况说明》。 截至 2025 年 7 月 22 日，董事王浩先生通过集中竞价交易的方式 共减持公司股份 500,000 股，本次减持计划已实施完毕，具体情 况如下： 一、股东的基本情况 （一）股东减持股份情况 | 王浩 | 集中竞价交易 | 2025年6月27日至 | 3.6278 | 500,000 | 0.0277 | | -- ...