Group 1 - The company, Zhejiang Weihai Construction Group Co., Ltd. (*ST Weihai), has been selected as a candidate for the "Smart Agriculture Project in Luoping County, Qujing City, Yunnan Province" with a bid amount of 140.63 million yuan [1] - The project is a joint venture with Yunnan Development Planning and Design Institute Co., Ltd., and the planned construction period is 360 calendar days [1] - The project covers an area of approximately 666,674.78 square meters, with a total construction area of about 428,000 square meters, including various facilities such as equipment rooms, management offices, and waste treatment units [1] Group 2 - The pre-bid amount represents 5.66% of *ST Weihai's audited operating revenue for 2024, indicating a potential positive impact on future revenue and net profit if the contract is finalized [2] - The project is under a public announcement period, during which third parties can raise objections, and the final contract will only be signed after this period [2]

Core Viewpoint - *ST Weihai has been identified as the preferred bidder for the "Smart Agriculture Project Engineering General Contracting (EPC) Section 1" in Luoping County, Qujing City, Yunnan Province, with a bid amount of 140.63 million yuan, which represents 5.66% of the company's audited revenue for 2024 [1] Summary by Relevant Sections - **Project Details** - The project is a joint venture led by Zhejiang Weihai Construction Group Co., Ltd. and Yunnan Development Planning and Design Institute Co., Ltd. [1] - The bid amount for the project is 140.63 million yuan, pending final contract signing [1] - **Financial Impact** - The pre-bid amount is expected to significantly impact the company's future operating revenue and net profit if the contract is finalized [1]

证券代码：002586 证券简称：*ST 围海 公告编号：2025-080 浙江省围海建设集团股份有限公司 关于工程项目预中标公示的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，无虚假记载、 误导性陈述或重大遗漏。 浙江省围海建设集团股份有限公司（以下简称"公司"、"本公司"）于 2025 年 9 月 20 日 在 中 国 招 标 投 标 公 共 服 务 平 台 （ 网 址 https://ctbpsp.com/#/bulletinDetail?uuid=763fbf1c-881f-4824-b086-95b70964f2d7&i npvalue=%E6%9B%B2%E9%9D%96%E5%B8%82%E7%BD%97%E5%B9%B3% E5%8E%BF%E6%99%BA%E6%85%A7&dataSource=0&tenderAgency=）查询获 悉，确定浙江省围海建设集团股份有限公司（牵头方）、云南开发规划设计院有 限公司组成联合体为"云南省曲靖市罗平县智慧农业项目工程总承包（epc）一 标段"项目的中标候选人，项目投标报价为 14,063.00 万元（具体合同金额以双 方最终签订的合同为 ...

Core Viewpoint - *ST Weihai (002586.SZ) has been selected as a candidate for the "EPC General Contracting of Smart Agriculture Project in Luoping County, Qujing City, Yunnan Province," with a bid amount of 141 million yuan, which is expected to positively impact the company's future revenue and net profit if the contract is finalized [1]. Group 1 - The company, as the leading party, has formed a consortium with Yunnan Development Planning and Design Institute Co., Ltd. for the project [1]. - The pre-bid amount for the project accounts for 5.66% of the company's audited operating revenue for 2024 [1]. - The public announcement period for the project is set to end on September 22, 2025 [1].

Group 1 - The company has been pre-awarded a project for the "Smart Agriculture Project Engineering General Contracting (EPC) First Bid Section" in Qujing, Yunnan, with a bid amount of 141 million yuan [1] - This project represents 5.66% of the company's audited operating revenue for 2024 [1] - If the contract is finalized, it is expected to have a positive impact on the company's future operating income and net profit [1]

Group 1 - The infrastructure sector experienced a decline of 1.51% on September 18, with the Shanghai Composite Index closing at 3831.66, down 1.15%, and the Shenzhen Component Index at 13075.66, down 1.06% [1] - Notable stocks in the infrastructure sector included Dongzhu Ecology, which rose by 10.03% to a closing price of 10.42, and Hongrun Construction, which increased by 10.02% to 11.31 [1] - The trading volume for Dongzhu Ecology was 955,800 shares, while Hongrun Construction had a volume of 734,200 shares [1] Group 2 - The infrastructure sector saw a net outflow of 646 million yuan from institutional funds, while retail investors contributed a net inflow of 544 million yuan [3] - Speculative funds recorded a net inflow of 102 million yuan into the infrastructure sector [3]

Group 1 - Matrix Co., Ltd. announced that its wholly-owned subsidiary, Anke Technology, introduced a strategic investor, Shenzhen Jifu New Industry Venture Capital Fund, which invested 5 million yuan for a 10% stake [1] - Heng Rui Medicine received approval from the National Medical Products Administration for its Eicosapentaenoic Acid Ethyl Ester Soft Capsule, aimed at reducing triglyceride levels in patients with severe hypertriglyceridemia [1] - Mo Gao Co., Ltd. announced the resignation of its Vice President Jin Baoshan due to job transfer [1] Group 2 - Yao Wang Technology decided to terminate two fundraising projects and will permanently supplement the remaining funds into working capital [2] - Minhe Livestock reported sales of 25.53 million chicklings in August, generating revenue of 86.41 million yuan, with year-on-year growth of 27.60% [2] - Sichuan Jinding announced the resignation of its Director and General Manager Xiong Jifeng due to personal reasons [3] Group 3 - Taiji Group received approval for clinical trials of its Semaglutide Injection, aimed at blood sugar control in type 2 diabetes patients [5] - Jieput announced plans to increase capital in its affiliate, Suidong Intelligent Technology, with an investment of 5 million yuan for a 5% stake [7] - GeLing Deep Vision's controlling shareholders committed not to reduce their shareholdings for six months starting from September 17, 2025 [8] Group 4 - Huafeng Superfiber reported the resignation of its Vice President Liu Cong due to personal reasons [9] - Xiaoming Co., Ltd. reported sales revenue of 79.90 million yuan from chicken products in August, with year-on-year growth of 11.73% [11] - Lion Head Co., Ltd. announced that its application for issuing shares and cash to acquire assets has been accepted by the Shanghai Stock Exchange [12] Group 5 - Jinlong Automobile reported a bus sales volume of 4,074 units in August, a year-on-year increase of 23.6% [43] - Metro Design signed a contract for the Ho Chi Minh City urban rail transit project in Vietnam, with a total amount of 1.754 trillion VND [45] - North New Road and Bridge announced winning a mining construction project worth 504 million yuan [28]

证券代码：002586 证券简称：*ST 围海 公告编号：2025-079 浙江省围海建设集团股份有限公司 关于签订重大合同的公告 本公司及董事会全体成员保证公告内容真实、准确和完整，无虚假记载、误 导性陈述或重大遗漏。 浙江省围海建设集团股份有限公司(以下简称"公司")于 2025 年 8 月 26 日在 巨潮资讯网刊登了《关于工程项目中标的公告》（公告编号：2025-078），确定浙 江省围海建设集团股份有限公司（牵头方）、台州市水利水电勘测设计院有限公司 组成的联合体为"莆田市城乡供水一体化—莆田农村'一户一表'及老旧管网改造 工程（秀屿区埭头镇一户一表改造项目）设计施工总承包项目"的中标单位。 目前，公司与相关方签署上述项目施工合同，具体情况如下： 一、发包人及项目基本情况 1、发包人：莆田市城乡供水有限公司 2、承包人：浙江省围海建设集团股份有限公司（牵头方）、台州市水利水电勘 测设计院有限公司 3、该项目承包方式：设计施工总承包 二、合同主要内容 1、签约合同价：155,930,014 元 2、项目概况：本项目涉及秀屿区埭头镇 23 个行政村，拟铺设配水管道 1,732.436 公里，表后采用 D ...

Market Overview - On September 2, the infrastructure sector declined by 0.47% compared to the previous trading day, with Garden Holdings leading the decline [1] - The Shanghai Composite Index closed at 3858.13, down 0.45%, while the Shenzhen Component Index closed at 12553.84, down 2.14% [1] Individual Stock Performance - The top gainers in the infrastructure sector included: - China Communications Construction Co., Ltd. (交建股份) with a closing price of 11.02, up 9.98% on a trading volume of 411,900 shares and a turnover of 438 million yuan [1] - Pubang Co., Ltd. (普邦股份) with a closing price of 2.00, up 3.09% on a trading volume of 1,114,200 shares and a turnover of 224 million yuan [1] - The top decliners included: - Garden Holdings (园林股份) with a closing price of 16.72, down 6.85% on a trading volume of 199,400 shares and a turnover of 338 million yuan [2] - Pudong Construction (浦东建设) with a closing price of 8.64, down 6.49% on a trading volume of 751,400 shares and a turnover of 647 million yuan [2] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 797 million yuan from institutional investors, while retail investors saw a net inflow of 519 million yuan [2] - Notable capital flows for specific stocks included: - Hongrun Construction (宏润建设) with a net inflow of 77.82 million yuan from institutional investors, but a net outflow of 97.77 million yuan from retail investors [3] - China Communications Construction Co., Ltd. (交建股份) had a net inflow of 57.48 million yuan from institutional investors, with both retail and speculative investors showing net outflows [3]

Core Insights - *ST Weihai reported a total revenue of 830 million yuan for the first half of 2025, a decrease of 4.1% year-on-year, while the net profit attributable to shareholders increased by 116.29% to 8.33 million yuan [1] - The company's gross margin improved significantly, with a year-on-year increase of 63.32%, and the net margin also saw a substantial rise of 111.14% [1] Financial Performance - Total revenue for 2025 was 830 million yuan, down from 865 million yuan in 2024, reflecting a decline of 4.1% [1] - The net profit attributable to shareholders rose to 8.33 million yuan from a loss of 51.11 million yuan in 2024, marking a 116.29% increase [1] - The gross margin for 2025 was 11.29%, up 63.32% year-on-year, while the net margin improved to 0.76% from -6.83% in the previous year [1] - Total expenses (selling, administrative, and financial) amounted to 73.88 million yuan, accounting for 8.9% of revenue, a decrease of 30.67% compared to the previous year [1] Cash Flow and Debt Management - The net cash flow from operating activities decreased by 50.25%, attributed to increased payments for project costs [2] - The net cash flow from investing activities increased by 143.28%, due to reduced project investments and increased recoveries from BT and PPP projects [2] - The net cash flow from financing activities saw a drastic decline of 1109.85%, primarily due to a significant increase in bank loan repayments [3] Historical Performance and Investment Return - The company has a poor historical return on invested capital (ROIC), with a median of -0.65% over the past decade, and a worst year in 2019 with a ROIC of -20.13% [5] - The company has reported losses in six out of its thirteen annual reports since going public, indicating a generally weak financial performance [5] Liquidity and Financial Health - The company's cash assets are considered healthy, with a cash and cash equivalents to current liabilities ratio of 73.61% [6] - The average net cash flow from operating activities over the past three years has been negative, raising concerns about financial sustainability [6]