人民财讯8月28日电，润建股份（002929）8月28日晚间公告，近日，公司中标《乌兰察布兴和县铁合金 绿色供电项目(一期)》，中标金额3.92亿元(含税)，项目服务内容为光伏、风电及储能电站的建设及运 维服务。 ...

证券代码：002929 证券简称：润建股份 公告编号：2025-054 润建股份有限公司 关于项目中标的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和 完整，没有虚假记载、误导性陈述或者重大遗漏。 特别提示： 本项目公示期已满，公司已取得《中标通知书》，公司将根据实际进展情况 及时履行信息披露义务，敬请广大投资者注意投资风险。 近日，润建股份有限公司（以下简称"公司"）中标《乌兰察布兴和县铁合 金绿色供电项目（一期）》，中标金额39,178.94万元（含税）。现对相关情况公 告如下： 3、中标规模合计：39,178.94万元（含税） 4、中标标段： | 序号 | 标段 | 中标规模（万元/含税） | | --- | --- | --- | | 1 | 标段八 | 913.40 | | 2 | 标段九 | 8817.10 | | 3 | 标段十 | 7,215.66 | | 4 | 标段十一 | 6,900.00 | | 5 | 标段十二 | 7,200.00 | | 6 | 标段十三 | 8,132.78 | | | 合计 | 39,178.94 | 5、招标人：中国电建集团重庆工程有限公司 二、 ...

Core Viewpoint - Runjian Co., Ltd. reported a mixed performance in its 2025 mid-year financial results, with revenue growth but a significant decline in net profit, raising concerns about its financial health and operational efficiency [1][3]. Financial Performance - The total revenue for the first half of 2025 reached 4.867 billion yuan, an increase of 10.02% year-on-year [1]. - The net profit attributable to shareholders was 39.23 million yuan, a sharp decline of 83.37% compared to the previous year [1]. - In Q2 2025, total revenue was 2.488 billion yuan, up 8.87% year-on-year, while the net profit was negative at -30.10 million yuan, a decrease of 127.75% [1]. - The gross margin was 13.48%, down 19.59% year-on-year, and the net margin was 0.35%, down 92.96% [1]. - The company reported a significant increase in accounts receivable, which accounted for 2835.64% of the latest annual net profit [1]. Cash Flow and Debt Situation - The cash flow situation is concerning, with cash and cash equivalents amounting to 1.281 billion yuan, a 73.8% increase year-on-year, but the operating cash flow per share was -8.89 yuan, a decrease of 4.5% [1][3]. - The company’s interest-bearing debt increased by 46.8% to 5.856 billion yuan, raising concerns about its debt management [1][3]. - The interest-bearing asset-liability ratio reached 27.24%, indicating a high level of financial leverage [3]. Investment Insights - Analysts expect the company's performance in 2025 to improve slightly, with projected earnings of 248 million yuan and an average earnings per share of 0.88 yuan [3]. - The company's return on invested capital (ROIC) was reported at 2.63%, significantly below its historical median of 8.79%, indicating weak capital efficiency [3]. Fund Holdings - The largest fund holding Runjian shares is the Jin Ying Yuan Feng Bond A fund, which holds 370,000 shares and has recently entered the top ten holdings [4]. - Other funds have shown varied interest, with some increasing their positions while others have reduced their holdings [4].

Summary of Runjian Co., Ltd. Conference Call Company Overview - **Company**: Runjian Co., Ltd. - **Industry**: New Energy, AI, Cloud Computing, Digital Network Key Financial Performance - **Revenue**: In the first half of 2025, revenue reached 4.9 billion yuan, a year-on-year increase of 10% [2][4] - **Net Profit**: Net profit declined significantly due to stock incentive plans and inventory impairment, with adjusted net profit around 200 million yuan after excluding these factors [2][4] - **Future Growth**: Expected recovery in growth rates starting from 2026, maintaining a high level [2][6] Business Developments - **New Energy Sector**: Rapid expansion in intelligent operation and maintenance services, with total installed capacity of new energy power stations reaching 25 GW [2][7] - **Computing Power Sector**: Quick market expansion, focusing on GPU maintenance services and partnerships with major companies [2][5][7] - **AI Integration**: Significant progress in AI transformation across three main business segments, including the development of communication and energy operation models [3][14] Strategic Initiatives - **AI Strategy**: Deepening AI transformation and enhancing collaboration with industry clients, including plans to provide computing power cloud services to ASEAN countries [2][8] - **Digital Network Focus**: Despite underperformance in the first half, the digital network business is expected to benefit from AI empowerment in the future [2][9] Order Backlog - **Current Orders**: Total order backlog stands at 19.7 billion yuan, with expected realizations of 5 billion yuan in 2025, 9.2 billion yuan in 2026, and approximately 5.5 billion yuan in 2027 and beyond [2][11] Computing Power Business Outlook - **Infrastructure Development**: Plans to accommodate 100,000 computing cards across two phases of the Wuxiang Cloud Valley project [5][12] - **Service Expansion**: Launching a computing power pool based on scheduling platforms and expanding computing centers nationwide [12] AI Application and Market Position - **AI Applications**: The company is actively developing AI applications across various sectors, including smart parks, agriculture, and education, with a focus on B-end industries [14][17] - **International Collaboration**: Engaging in AI export initiatives, particularly in ASEAN countries, with over 200 local employees and partnerships with 30-40 industry players [20][21] GPU Maintenance Market - **Market Stability**: The GPU maintenance market has stabilized, with an annual investment of about 5%, and the company is well-positioned to serve both domestic and international markets [19] Conclusion - Runjian Co., Ltd. is strategically positioned for growth in the new energy and AI sectors, with a strong focus on integrating AI into its operations and expanding its market presence both domestically and internationally. The company anticipates a recovery in profitability and continued growth in its core business areas.

Group 1 - The China-ASEAN Artificial Intelligence Innovation Cooperation Center (NAA Center) in Nanning, Guangxi, aims to integrate future technology with ASEAN cultural characteristics, showcasing the potential of AI technology and applications [1][3] - The NAA Center has completed its first phase and is now in trial operation, hosting 16 ASEAN enterprises, and aims to serve as a comprehensive platform for exhibition, industry connection, and cross-border collaboration in the AI sector [3][5] - The AI exhibition hall utilizes advanced technologies such as AI-guided systems and holographic projections to present China's AI achievements and cooperation with ASEAN [5] Group 2 - Nanning is accelerating the development of emerging industries like AI, establishing itself as a new hub for AI industry targeting ASEAN, with plans for the China-ASEAN cloud computing cluster [6] - Runjian Co., a leading AI enterprise in Nanning, has completed the construction of 24 data centers in several ASEAN countries, applying AI solutions in urban governance, energy management, smart education, and agriculture [6] - Maiyue Technology Co. has developed over 50 AI products and is expanding its business into ASEAN markets, including partnerships in Vietnam and plans for Malaysia and Cambodia [8]

Market Overview - The market experienced a significant drop, with the Shanghai Composite Index, Shenzhen Component Index, and ChiNext Index closing down by 1.76%, 1.43%, and 0.69% respectively, with over 4,700 stocks declining and only around 600 stocks rising [4] - Despite the indices showing a modest decline, the actual market impact was severe, indicating a split market where many stocks were falling while a few were driving index gains [5][6] Sector Performance - The computing power concept stocks saw a strong morning surge, with companies like Runjian Co., Meige Intelligent, and Dawang Technology hitting the daily limit, but faced significant sell-offs later [3] - The rare earth sector continued to perform well, with companies like Beikong Technology and Northern Rare Earth reaching their daily limit [3] - The CPO sector also experienced a notable rise, with Cambridge Technology achieving three consecutive limit-ups [3] Notable Stocks - Cambrian's stock price rose over 10% to exceed 1,460 yuan, surpassing Kweichow Moutai, which fell to 1,448 yuan, leading to discussions about Cambrian becoming the "new stock king" [11] - Alibaba-related computing power stocks initially surged but ultimately closed down by 1.81%, despite positive speculation about Alibaba's upcoming earnings report [14] - Zhouming Technology announced a partnership with Saudi Arabia's Al-Nassr Club, which initially boosted its stock price but ultimately closed down by 2% [16] Policy Impact - The Ministry of Commerce announced plans to introduce policies to promote service exports, which led to a temporary surge in Cross-Border Communication's stock price, although the connection to cross-border e-commerce remains tenuous [18]

Market Overview - On August 27, the communication services sector declined by 1.18%, with Li'an Technology leading the drop [1] - The Shanghai Composite Index closed at 3800.35, down 1.76%, while the Shenzhen Component Index closed at 12295.07, down 1.43% [1] Stock Performance - Notable gainers in the communication services sector included: - Runjian Co., Ltd. (002929) with a closing price of 55.10, up 7.43% [1] - Dataport (603881) with a closing price of 33.47, up 4.37% [1] - Wajinke (301380) with a closing price of 43.50, up 3.11% [1] - Major decliners included: - Li'an Technology (300603) with a closing price of 12.10, down 5.54% [2] - Huaxing Chuangye (300025) with a closing price of 7.26, down 5.10% [2] - Zhongjiabochuang (000889) with a closing price of 3.74, down 5.08% [2] Capital Flow - The communication services sector experienced a net outflow of 834 million yuan from institutional investors, while retail investors saw a net inflow of 844 million yuan [2][3] - Key stocks with significant capital flow included: - Dataport (603881) with a net inflow of 235 million yuan from institutional investors [3] - Runjian Co., Ltd. (002929) with a net inflow of 228 million yuan from institutional investors [3] - Light Ring New Network (300383) with a net inflow of 126 million yuan from institutional investors [3]

Group 1 - The computing power leasing sector experienced significant gains in the afternoon, with multiple companies reaching new highs [1] - Yitian Intelligent and Hongjing Technology hit intraday record highs, while Qiming Information achieved a consecutive two-day increase [1] - Companies such as Kehua Data, Data Port, and Runjian Co. saw their stock prices hit the daily limit, while Yuntian Lifa surged over 15% [1] Group 2 - Other companies including New Zhisoft, Youfang Technology, Dawi Technology, Capital Online, and UCloud also experienced upward movement in their stock prices [1]

Group 1 - The core viewpoint of the article highlights a significant surge in the computing power leasing sector, with several companies experiencing notable stock price increases [1] - Hongjing Technology saw its stock price rise over 10%, reaching a historical high [1] - Runjian Co., Ltd. hit the daily limit up, while Dataport approached the limit up, indicating strong market interest [1] Group 2 - Other companies in the sector, such as Dawi Technology, Yuke, Capital Online, and Chuling Information, also reported substantial gains in their stock prices [1]

Group 1 - The company's stock closed at 51.29 yuan on August 26, with a decrease of 0.23 yuan, representing a decline of 0.45% [1] - The trading volume for the day was 144,700 hands, with a total transaction value of 749 million yuan [1] - The stock reached a high of 52.99 yuan and a low of 50.50 yuan during the day, resulting in a fluctuation of 4.83% [1] Group 2 - The company's main business is communication technology services, which includes communication network construction, maintenance, and optimization [1] - In the first half of 2025, the company achieved a net profit attributable to shareholders of 39.23 million yuan, a decrease of 83.37% compared to the same period last year [1] Group 3 - On August 26, the net outflow of main funds was 25.70 million yuan, with a cumulative net outflow of 62.43 million yuan over the past five trading days [1] - Recent trends indicate a continuous outflow of funds [1]