Core Viewpoint - As of August 18, 2025, Xinjiang Communications Construction's stock price closed at 15.93 yuan, reflecting a decline of 0.37 yuan or 2.27% from the previous trading day [1] Company Overview - Xinjiang Communications Construction operates in the engineering construction industry, primarily engaged in the construction of transportation infrastructure such as roads, bridges, and tunnels [1] - The company's business is mainly concentrated in the Xinjiang region, while also expanding operations nationwide [1] Stock Performance - On August 18, the stock opened at 15.86 yuan, reached a high of 16.20 yuan, and a low of 15.51 yuan, with a trading volume of 987,163 hands and a transaction amount of 1.567 billion yuan [1] - The stock experienced a rapid rebound in the early morning, with a price increase of over 2% within five minutes, reaching 16 yuan and a transaction amount of 304 million yuan at around 9:35 AM [1] Capital Flow - On August 18, the net outflow of main funds was 79.7062 million yuan, accounting for 0.75% of the circulating market value [1] - Over the past five trading days, the cumulative net outflow of main funds reached 561.7131 million yuan, representing 5.29% of the circulating market value [1]

Core Viewpoint - The company, Xinjiang Jiaojian (002941), experienced a decline in stock price, closing at 15.93 yuan on August 18, 2025, with a trading volume of 987,200 hands and a turnover of 1.567 billion yuan, indicating a significant market activity and investor sentiment shift [1]. Group 1: Company Performance - On August 18, 2025, Xinjiang Jiaojian's stock price fell by 2.27% [1]. - The trading volume for the day was 987,200 hands, with a total transaction amount of 1.567 billion yuan [1]. - The net outflow of funds from major investors was 79.7062 million yuan, while retail investors saw a net inflow of 101 million yuan [2]. Group 2: Corporate Strategy and Market Position - The company is focusing on leveraging the "green channel" policy for state-owned enterprise restructuring, which aims to simplify approval processes and enhance resource allocation [2]. - Xinjiang Jiaojian has completed a road reconstruction project in Tajikistan and plans to expand into overseas markets based on its construction experience and brand advantages [2].

Investment Strategy - The report emphasizes the strategic importance of Xinjiang in the context of national policies, highlighting its transition from a peripheral region to a key player in the Belt and Road Initiative, benefiting from energy security and environmental policies [8][9] - The focus is on two main investment themes: coal chemical investments and state-owned enterprise reforms, with a strong emphasis on the development of coal chemical projects in Xinjiang [12][11] Xinjiang Index Situation - The Xinjiang Index stands at 117.47, down 0.36% week-on-week, while the Xinjiang Coal Chemical Investment Index is at 112.28, down 0.51% [15] - The top three performing companies this week include Xinjiang Jiaojian (+18.03%), Hongtong Gas (+15.80%), and ST Tianshan (+7.02%), driven by significant progress in the Duku Expressway project [15] Key Data Tracking - Key prices in Xinjiang include Q5000 mixed coal at 100 CNY/ton, Q5200 mixed coal at 197 CNY/ton, and main coking coal at 750 CNY/ton [19] - In July 2025, coal railway shipments from state-owned key coal mines reached 3.184 million tons, a year-on-year decrease of 1.24%, while Xinjiang's raw coal production in June 2025 was 53.923 million tons, an increase of 25.53% year-on-year [19] Recent Project Developments - The report highlights the successful trial operation of the 1 million tons per year acetic acid project by Xinjiang Zhonghe Hezhong New Materials, marking it as the largest single-unit acetic acid production base globally [11] - Ongoing projects include the 800,000 tons/year coal-to-olefins project and the 2 billion cubic meters/year coal-to-gas project, with significant investments and expected production capacities [42][41] Economic Advantages of Coal Chemical Development - Xinjiang's coal chemical industry benefits from lower raw material costs compared to other regions, with a cost advantage of approximately 1,900 CNY/ton when compared to other coal sources [10] - The report notes that the development of coal chemical projects in Xinjiang is supported by improved transportation infrastructure and favorable industrial policies [9][11] State-Owned Enterprise Reforms - The report indicates that state-owned enterprises in Xinjiang are undergoing significant reforms, with a focus on business restructuring and management optimization, which is expected to enhance operational efficiency [11][12] - Recent changes in control and acquisitions among local state-owned enterprises signal an acceleration in the reform process [11]

Core Viewpoint - The announcement details the passive dilution of the controlling shareholder's stake in Xinjiang Transportation Construction Group Co., Ltd. due to the conversion of convertible bonds into shares, which has resulted in a decrease in the controlling shareholder's ownership percentage without any change in the number of shares held [1][3]. Group 1: Shareholder Changes - The controlling shareholder, Xinjiang Transportation Investment (Group) Co., Ltd., experienced a reduction in its shareholding percentage from 33.97% to 32.92% following the conversion of convertible bonds, which increased the total share capital of the company [1]. - The total number of shares increased from 645,580,984 to 666,265,432 shares as of the close on August 13, 2025, due to the conversion of convertible bonds [1]. Group 2: Compliance and Governance - The announcement confirms that the change in shareholding does not lead to a change in the controlling shareholder and will not affect the company's governance structure or ongoing operations [3]. - The company assures that the information disclosed is true, accurate, and complete, with no misleading statements or significant omissions [1].

Group 1 - The company Xinjiang Jiaojian is currently undergoing a system maintenance phase for its website, which is expected to be completed by mid-November [1]

Group 1 - The company Xinjiang Jiaojian (002941) confirmed on August 15 that it adheres strictly to legal and regulatory requirements regarding information disclosure [1] - The company announced its successful bid for the total contracting EPC project of the Xinjiang Xinhe to Baicheng Railway project, with details to be disclosed in a future announcement on November 28, 2024 [1] - The company also won the bid for the S12 line construction project from Gaochang (Turpan) to Tuokexun and Baluntai, with further details to be provided in an announcement on February 25, 2025 [1]

Core Viewpoint - The company is actively monitoring industry developments and is committed to participating in public bidding processes, ensuring timely disclosure of relevant orders obtained [1] Group 1 - The company emphasizes its dedication to creating "quality projects, safe projects, green projects, and clean projects" [1]

二、其他相关说明 本次权益变动系新疆交通建设集团股份有限公司（以下简称"公司"）可转 债转股，导致控股股东新疆交通投资（集团）有限责任公司（以下简称"新疆交 投"）的持股比例被动稀释，权益变动前后新疆交投持股数量无变化，公司控股 股东未发生变化。具体情况如下： 1．基本情况 信息披露义务人 新疆交通投资（集团）有限责任公司 住所 新疆乌鲁木齐市沙依巴克区黄河路 301 号 权益变动时间 2025 年 8 月 13 日 权益变动过程 2025 年 3 月 31 日至 2025 年 8 月 13 日，因公司可转债转股导致 公司 A 股股份数增加 20,684,448 股，公司总股本由 645,580,984 股（2025 年 3 月 31 日收盘后）增加至 666,265,432 股（2025 年 8 月 13 日收盘后），新疆交投持股数量不变，持股比例由 33.97% 被动稀释降至 32.92%，触及《证券期货法律适用意见第 19 号—< 上市公司收购管理办法>第十三条、第十四条的适用意见》规定 的 1%的整数倍标准。 股票简称 新疆交建 股票代码 002941 变动类型（可多选） 增加□ 减少☑ 一致行动人 ...

Group 1 - The Xinjiang Transportation Construction Group Co., Ltd. announced the results of the diesel procurement project for the S240 line expansion project on August 12 [1][2] - The winning supplier for the diesel procurement is Xinjiang Jiaojian Logistics Co., Ltd. with bid amounts of 4,756,800, 4,814,400, and 4,828,800 [2] - Xinjiang Transportation Construction Group has invested in 71 enterprises and participated in 5,992 bidding projects, with 260 patent information and 29 copyright information [1] Group 2 - The project is located in the Xinjiang Uygur Autonomous Region [2] - The announcement was made by the project general contractor for the S240 line expansion [2] - The company holds 51 administrative licenses according to the data from Tianyancha [1]

Group 1 - Xinjiang Communications Construction Group Co., Ltd. is a key enterprise directly supervised by the Xinjiang State-owned Assets Supervision and Administration Commission and was successfully listed on the Shenzhen Stock Exchange in November 2018 [1] - The stock of Xinjiang Communications Construction experienced a limit down on August 15 [1] - Southern Fund's Southern CSI 1000 ETF was among the top ten shareholders of Xinjiang Communications Construction, having reduced its holdings to 0.37% in the first quarter of this year [1] Group 2 - The Southern CSI 1000 ETF has achieved a year-to-date return of 18.33%, ranking 805 out of 3421 in its category [2] - The fund's performance over various periods includes a 1-week increase of 1.70%, a 1-month increase of 8.09%, and a 3-month increase of 14.28% [2] - The average return for similar funds this year is 13.95%, while the CSI 300 index has only returned 6.06% [2] Group 3 - The fund manager of Southern CSI 1000 ETF is Ms. Cui Lei, who holds a master's degree in financial engineering from Cornell University and is a certified financial analyst (CFA) [3][4] - Ms. Cui Lei has extensive experience in fund management, having managed various funds since joining Southern Fund in February 2015 [3][4] - The total assets under management for Southern Fund amount to 949.76 billion yuan, with a cumulative return of 109.39% [4]