信用等级通知书 东方金诚债跟踪评字【2025】0339 号 浙江省建设投资集团股份有限公司： 东方金诚国际信用评估有限公司根据跟踪评级安排对贵公司及"23 浙建 Y1"、"24 浙建 Y1"的信用状况进行了跟踪评级，经信用评 级委员会评定，此次跟踪评级维持贵公司主体信用等级为 AA+，评 级展望为稳定，同时维持"23 浙建 Y1"、"24 浙建 Y1"的信用等 级为 AA+。 东方金诚国际信用评估有限公司 信评委主任 二〇二五年六月二十五日 东方金诚债跟踪评字【2025】0339 号 信用评级报告声明 为正确理解和使用东方金诚国际信用评估有限公司（以下简称"东方金诚"）出具的信用评级 报告（以下简称"本报告"），声明如下： 1.本次评级为委托评级，东方金诚与评级对象不存在任何影响本次评级行为独立、客观、公正 的关联关系，本次项目评级人员与评级对象之间亦不存在任何影响本次评级行为独立、客观、 公正的关联关系。 2.本次评级中，东方金诚及其评级人员遵照相关法律、法规及监管部门相关要求，充分履行了 勤勉尽责和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 3.本评级报告的结论，是按照东方金诚的评级流 ...

Core Viewpoint - The credit rating of Zhejiang Construction Investment Group Co., Ltd. is maintained at AA+ with a stable outlook, reflecting its strong competitive position in the construction sector within Zhejiang Province and improved operational cash flow in 2024 [4][6]. Financial Overview - Total assets for the company are projected to be 1,216.50 billion yuan in 2023, with a slight decrease to 1,164.94 billion yuan by the first quarter of 2025 [7]. - The total liabilities are expected to be 1,114.79 billion yuan in 2023, decreasing to 1,067.09 billion yuan by the first quarter of 2025 [7]. - The net profit is forecasted to decline from 12.09 billion yuan in 2022 to 2.78 billion yuan in the first quarter of 2025 [7]. - The operating revenue is expected to decrease from 985.35 billion yuan in 2022 to 201.82 billion yuan in the first quarter of 2025 [7]. Business Performance - The company maintains a strong competitive advantage in the construction sector, with a leading position in Zhejiang Province [6][4]. - New contract amounts in the construction sector are projected to decline, with a focus on monitoring future contract acquisition [6][4]. - The company has a significant amount of ongoing projects, with an uncompleted contract amount of 1,179.02 billion yuan as of March 2025 [16]. Risk Factors - The construction sector is facing challenges due to a decline in new contract amounts and ongoing litigation risks, particularly in Algeria [6][17]. - Financial leverage remains high, necessitating improvements in capital structure [6][4]. - The company is experiencing pressure on profitability due to market conditions and substantial impairment provisions [6][24]. Industry Context - The construction industry is currently in a bottom cycle, with the real estate sector's downturn impacting demand [10][11]. - Infrastructure investment is expected to provide some support to the construction market, but overall growth in the industry remains uncertain [10][11]. - The company is adjusting its business structure to mitigate risks associated with the real estate market and is expanding into municipal and transportation projects [16][10].

2023 年浙江省建设投资集团股份有限 公司向不特定对象发行可转换公司债 券 2025 年度跟踪评级报告 编号：信评委函字[2025]跟踪 0938 号 2023 年浙江省建设投资集团股份有限公司向不特定对象发行 可转换公司债券 2025 年度跟踪评级报告 声 明 中诚信国际信用评级有限责任公司 2025 年 6 月 24 日 2 关 注 项目负责人：李慧莹 hyli@ccxi.com.cn 项目组成员：杨雨茜 yqyang@ccxi.com.cn 评级总监： 电话：(010)66428877 传真：(010)66426100 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的 ...

浙江省建设投资集团股份有限公司 2025 年度跟踪评级报告 声 明 本次评级为委托评级，中诚信国际及其评估人员与评级委托方、评级对象不存在任何其他影响本次评级行为独立、 客观、公正的关联关系。 中诚信国际信用评级有限责任公司 2025 年 6 月 23 日 2 浙江省建设投资集团股份有限公司 2025 年度跟踪评级报告 编号：信评委函字[2025]跟踪 0916 号 本次评级依据评级对象提供或已经正式对外公布的信息，以及其他根据监管规定收集的信息，中诚信国际按照相关 性、及时性、可靠性的原则对评级信息进行审慎分析，但中诚信国际对于相关信息的合法性、真实性、完整性、准 确性不作任何保证。 中诚信国际及项目人员履行了尽职调查和诚信义务，有充分理由保证本次评级遵循了真实、客观、公正的原则。 评级报告的评级结论是中诚信国际依据合理的内部信用评级标准和方法、评级程序做出的独立判断，未受评级委托 方、评级对象和其他第三方的干预和影响。 本评级报告对评级对象信用状况的任何表述和判断仅作为相关决策参考之用，并不意味着中诚信国际实质性建议任 何使用人据此报告采取投资、借贷等交易行为，也不能作为任何人购买、出售或持有相关金融产品 ...

Core Viewpoint - The former Deputy General Manager of Zhejiang Construction Investment Group, Guan Manyu, is under disciplinary review and investigation for serious violations of discipline and law, having voluntarily surrendered to authorities [1]. Group 1: Background Information - Guan Manyu was born in September 1977 and holds a master's degree, with a background as a senior engineer. He has worked at Zhejiang Construction Investment Group since August 1999 [2]. - He served as the Deputy General Manager of the Overseas Department from November 2010 to August 2017 and held various leadership positions in related companies [2]. - In March 2023, he was appointed as the Deputy General Manager of Zhejiang Construction Investment Group, with reported pre-tax remuneration of 233,800 CNY for 2023 and 644,400 CNY for 2024 [2]. Group 2: Recent Developments - Guan Manyu resigned from his position as Deputy General Manager just two days before the announcement of his investigation, citing personal reasons [2]. - The Central 16th Inspection Team began its inspection work in Zhejiang in April 2023, focusing on reports of violations of various disciplines among provincial leadership [5]. Group 3: Company Overview - Zhejiang Construction Investment Group was established on July 11, 1949, and has evolved into a comprehensive modern construction service enterprise group, integrating investment, design, construction, and operation [5]. - The company is a state-owned enterprise under the Zhejiang Provincial Government, with the largest shareholder being Zhejiang Provincial State-owned Capital Operation Co., Ltd., holding a 35.89% stake [6]. - As of the first quarter of 2025, the company reported a revenue of 20.182 billion CNY, a year-on-year increase of 5.33%, and a net profit attributable to shareholders of 227 million CNY, up 11.62% [6]. Group 4: Stock Performance - As of June 20, 2023, Zhejiang Construction Investment Group's stock price was 8.56 CNY per share, with a total market capitalization of 9.26 billion CNY [6]. - The stock has a price-to-earnings ratio (TTM) of 42.64 and a price-to-book ratio of 1.36 [7].

2025 年 5 月，为满足子（孙）公司向银行申请融资的正常经营资金需求，浙江 省建设投资集团股份有限公司（以下简称"公司"）及子公司为资产负债率高于 70% 的 3 家子（孙）公司提供 1.78 亿元担保，为资产负债率低于 70%的 1 家子（孙）公 司提供 0.5 亿元担保，详情如下： 被担保人：浙江省建材集团有限公司等 4 家子（孙）公司，不存在关联担保 本次对外担保金额：2025 年 5 月新签对外担保合同金额 2.28 亿元 对外担保累计余额：截至 2025 年 5 月 31 日，公司对外担保累计余额为 125.94 亿元 对外担保逾期的累计数量：无 特别风险提示：公司及控股子公司对外担保总额超过最近一期经审计归母净资产 100%，本月度为资产负债率超过 70%的子（孙）公司提供的担保金额为 1.78 亿 元，敬请投资者注意相关风险。 证券代码：002761 证券简称：浙江建投 公告编号：2025-069 浙江省建设投资集团股份有限公司 关于提供担保的进展公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有 虚假记载、误导性陈述或重大遗漏。 重要内容提示： 一、担保情况概述 （一）担 ...

Group 1 - The company has signed a tripartite supervision agreement for the special account of raised funds to ensure proper management and protection of investors' rights [3][4][5] - The company issued 10,000,000 convertible bonds with a total fundraising amount of RMB 1 billion, netting RMB 991.17 million after deducting issuance costs [2] - The company plans to allocate RMB 30 million of surplus funds from terminated projects to new investment projects, including the reconstruction of a section of National Highway 638 and the design and construction of an intelligent ship innovation center [2][3] Group 2 - The tripartite supervision agreement involves the company, its subsidiaries, and the underwriting institution, with specific banks designated for managing the special accounts [4][5] - The agreement stipulates that the special accounts can only be used for the designated investment projects and outlines the responsibilities of all parties involved [5][6] - The underwriting institution has the right to supervise the use of raised funds and conduct regular checks, ensuring compliance with relevant regulations [5][6]

浙江省建设投资集团股份有限公司（以下简称"公司"）收到了副总经理管满宇先 生的辞职报告。管满宇先生因个人原因，申请辞去公司副总经理职务，辞职后不在公司 及子公司担任任何职务。 截至本公告披露日，管满宇先生未持有公司股票,不存在应当履行而未履行的承诺事 项，上述事项不会影响到公司的正常生产经营。 公司指定的信息披露媒体为《证券时报》《证券日报》《上海证券报》《中国证券 报》及巨潮资讯网（http://www.cninfo.com.cn），公司发布的信息均以在上述媒体披 露的信息为准。敬请广大投资者理性投资，并注意投资风险。 特此公告 浙江省建设投资集团股份有限公司 证券代码：002761 证券简称：浙江建投 公告编号：2025-068 浙江省建设投资集团股份有限公司 关于公司副总经理辞职的公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没 有虚假记载、误导性陈述或重大遗漏。 董事会 二零二五年六月十八日 ...

证券代码：002761 证券简称：浙江建投 公告编号：2025-064 公司分别于2025年5月8日、5月19日、5月23日召开第四届董事会第四十九次会议、第四 届监事会第三十四次会议、2024年度股东大会及浙建转债2025年第一次债券持有人会议，审 议通过了《关于部分可转换公司债券募集资金投资项目结项及终止并将节（结）余募集资金用 于新增募投项目的议案》。公司发行可转换公司债券募集资金投资项目基于人工智能与工业协 同的应急建筑快速建造关键技术研发与应用项目至目前已全部建设完毕，施工安全支护设备购 置项目、"未来工地"建筑数智化管理平台研发与建设项目，以及钢构件长焊缝机器人焊接工 作站系统研发与应用项目拟终止，公司拟将前述项目节（结）余部分募集资金共计30,000万元 人民币（具体金额以募集资金专户注销时银行实际余额为准）用于新增募投项目：638国道景 宁九龙至红星段改建工程第EPC01标段项目及浙江省智能船舶创新中心设计-采购-施工（EPC） 工程总承包项目，具体请见公司于2025年5月9日在巨潮资讯网披露的《关于部分可转换公司 债券募集资金投资项目结项及终止并将节（结）余募集资金用于新增募投项目的公告》（ ...

Company Overview - The issuer is Zhejiang Construction Investment Group Co., Ltd. [2] - The company is registered in Hangzhou, Zhejiang Province, with a legal representative named Tao Guanfeng [2] - The contact information for the company includes a phone number: 0571-88238882 and a fax number: 0571-88052152 [2] Bond Information - The bond is named "Zhejiang Construction Investment Group Co., Ltd. 2023 Public Issuance of Corporate Bonds (First Phase)" with the abbreviation "23 ZheJian 02" and code 148337.SZ [2] - The bond has a term of 3 years, with options for interest rate adjustment, redemption, and investor repurchase at the end of the second year [2] - The bond's interest rate is set at 3.70% [2] - The total issuance size of the bond is RMB 500 million [2] - The bond will be repaid in full at maturity, with annual interest payments [2] - The funds raised will be used to replace self-owned funds that have been used to repay maturing corporate bonds [2] - The bond was issued on June 16, 2023, and is listed on the Shenzhen Stock Exchange [2] Repurchase and Resale Details - Investors had the right to register for repurchase during the registration period from May 8 to May 12, 2025, at a price of RMB 100 per bond (excluding interest) [3] - The total number of bonds registered for repurchase was 5 million, amounting to RMB 500 million (excluding interest) [3] - The issuer plans to conduct a resale of the repurchased bonds from June 23 to July 18, 2025, with a maximum of 5 million bonds to be resold [4] Compliance and Management - The repurchase and resale arrangements comply with the relevant laws and regulations, as well as the commitments made by the issuer [4] - The trustee, China International Capital Corporation, will monitor the issuer's repayment of principal and interest, ensuring the protection of bondholders' interests [4]