证券代码：002941 证券简称：新疆交建 公告编号：2025-104 新疆交通建设集团股份有限公司 第四届董事会第二十八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。 一、董事会会议召开情况 新疆交通建设集团股份有限公司（以下简称"公司"、"本公司"）于 2025 年 11 月 27 日通过通讯形式向各董事发出会议通知，于 2025 年 12 月 2 日在公 司会议室以现场方式召开第四届董事会第二十八次临时会议。本次会议由董事长 王彤先生主持，应出席董事 9 人，实际出席董事 9 人，部分高管列席本次会议。 本次会议的召开符合《公司法》、《证券法》、《公司章程》的相关规定，会议合法 有效。 二、 董事会会议审议情况 （一）审议并通过《关于使用闲置募集资金临时补充公司流动资金的议案》 董事会同意公司使用不超过 26,410.00 万元的闲置募集资金暂时补充流动 资金，使用期限不超过 12 个月，自公司董事会批准之后具体使用之日起计算， 到期归还至募集资金专用账户。 董事会认为上述事项不存在变相改变募集资金投向的行为，单次补充流动资 金的时间 ...

新疆交建公告称，公司于2025年12月2日召开董事会，同意使用不超26,410.00万元闲置募集资金补充流 动资金，使用期限不超12个月，到期归还。截至11月27日，公司募集资金专项存储账户余额为26,410.43 万元。此前，公司于4月使用不超20,884.30万元闲置募资补流，已按时归还。本次使用预计节约财务费 用约792.30万元，不会变相改变募资投向，不影响募投项目进行。 ...

Group 1 - The report maintains a positive outlook on the construction and decoration industry, emphasizing the sustained growth policies and the favorable economic environment in the western regions of China, particularly in Xinjiang and Sichuan [5][12][22] - The "14th Five-Year Plan" is expected to drive high-quality development in domestic infrastructure investment, with significant projects like the Yarlung Tsangpo River downstream hydropower project and the Duku Highway in Xinjiang set to commence construction [10][11][15] - The report highlights the importance of new infrastructure needs, including the construction of a modern energy system and the development of smart transportation systems, which are anticipated to create new investment opportunities for companies in the sector [25][26] Group 2 - The report identifies key companies that are likely to benefit from the infrastructure boom in Xinjiang, such as Xinjiang Communications Construction, Qingsong Construction, and China Chemical Engineering, due to their involvement in major projects [14][16][19] - The coal chemical industry in Xinjiang is entering a phase of accelerated investment, with numerous projects planned or under construction, which is expected to enhance the operational performance of companies like China Metallurgical Group and China Railway Group [17][19][20] - The report notes that the Belt and Road Initiative continues to present overseas construction opportunities, with significant growth in new orders for major state-owned enterprises in both domestic and international markets [5][19][22] Group 3 - The report emphasizes the potential for companies involved in the new energy sector, as the government aims to construct a new energy system and achieve carbon peak goals, creating opportunities for firms engaged in renewable energy projects [25][26] - Companies like Suzhou Transportation Science and Technology and Huase Group are highlighted for their roles in the emerging low-altitude economy, which is expected to see accelerated development in infrastructure and operational capabilities [5][25] - The report discusses the rising prices of key minerals such as gold, copper, and cobalt, suggesting that companies involved in mineral resource development, like China Metallurgical Group and China Railway Group, may see increased value from their operations [17][19][22]

截至 2025 年 11 月 27 日，公司已将上述暂时用于补充流动资金的 20,884.30 万元募集资金归还至募集资金专户，使用期限未超过 12 个月，并将募集资金归 还情况通知了保荐机构及保荐代表人。 关于归还暂时补充流动资金的闲置募集资金的公告 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、误导性陈述或重大遗漏。 新疆交通建设集团股份有限公司（以下简称"公司"）于 2025 年 4 月 22 日召开第四届董事会第十六次会议、第四届监事会第八次会议，审议通过了《关 于使用闲置募集资金临时补充公司流动资金的议案》，同意公司使用不超过 20,884.30 万元的可转换公司债券闲置募集资金用于补充流动资金，使用期限不 超过 12 个月，自公司董事会批准之后具体使用日起计算，到期归还募集资金专 用账户。本次临时补充的流动资金仅限于与主营业务相关的生产经营使用，不变 相改变募集资金用途或者影响募集资金投资计划的正常进行，使用期限不超过 12 个月，不会通过直接或间接的安排进行证券投资、衍生品交易等高风险投资。 具体内容详见公司在巨潮资讯网（http://www.cninfo.com.c ...

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the construction industry [4]. Core Views - The report highlights that the logic of overseas engineering expansion is gradually being realized, with high growth areas showing superior growth. Infrastructure and real estate demand continue to face pressure, while railway and water conservancy investments perform well, with the effects of debt reduction expected to gradually manifest [1][8]. - Central state-owned enterprises (SOEs) are experiencing a significant decline in revenue and performance, but there is a long-term trend of improving operational quality. Many SOEs have shown improvements in profitability, cash flow, and expense ratios, indicating a gradual enhancement in operational quality [2][8]. - The overseas new contract signing is rapidly increasing, demonstrating the effectiveness of the overseas expansion strategy. The contract value and revenue from foreign engineering projects have shown significant year-on-year growth, providing support for domestic construction enterprises [3][8]. Summary by Sections 1. Industry Overview - Infrastructure investment growth has been declining, with broad infrastructure investment growth dropping from 11.50% in early 2023 to 1.51% by October 2025. Narrow infrastructure investment growth turned negative, indicating a significant slowdown in traditional infrastructure demand [16][17]. - The investment growth in the railway sector remains positive, while road transport investment has been declining due to funding pressures from local governments and construction enterprises [18][20]. 2. Central SOEs Performance - Central SOEs in the infrastructure sector are facing revenue and performance growth challenges, but operational quality is improving. The implementation of debt reduction measures is expected to show fiscal effects by 2026 [2][8]. 3. Overseas Expansion - The overseas contract signing for Chinese construction enterprises has increased significantly, with major state-owned enterprises showing higher growth rates in new contracts compared to the overall market. This trend is expected to support revenue growth in the coming years [3][8]. 4. Regional Investment Trends - In the western region, particularly Xinjiang, fixed asset investment growth is significantly higher than the national average, with major infrastructure projects expected to drive demand growth [6][8]. - The coal chemical industry in Xinjiang is projected to see substantial investment, with over 400 key projects planned, totaling an investment of 3.47 trillion yuan [6][8]. 5. Cleanroom Engineering Demand - The demand for cleanroom construction is expected to rise due to increased capital expenditure in the AI and semiconductor industries. The cleanroom engineering sector is experiencing rapid growth in orders, particularly from overseas markets [7][8]. 6. Investment Recommendations - The report suggests that low-valuation central SOEs like China State Construction and China Communications Construction Company are well-positioned for stable returns, with improving operational metrics and increasing dividends [9][8]. - Leading companies in overseas expansion, such as China National Materials and China Steel International, are expected to outperform traditional construction enterprises due to their strong growth in overseas orders [9][8].

Market Performance - The Xinjiang state-owned enterprise reform sector increased by 1.4% compared to the previous trading day, with Beixin Road and Bridge leading the gains [1] - The Shanghai Composite Index closed at 3836.77, up 0.05%, while the Shenzhen Component Index closed at 12585.08, up 0.37% [1] Stock Highlights - Beixin Road and Bridge (002307) saw a closing price of 5.73, with a significant increase of 9.98% and a trading volume of 2.8782 million shares, amounting to 159.3 million yuan [1] - Tianfu Energy (600509) closed at 8.51, up 4.03%, with a trading volume of 513,800 shares and a transaction value of 435 million yuan [1] - Tiankang Biological (002100) closed at 7.39, up 3.50%, with a trading volume of 452,100 shares and a transaction value of 339 million yuan [1] Capital Flow - The Xinjiang state-owned enterprise reform sector experienced a net inflow of 154 million yuan from main funds, while retail funds saw a net outflow of 96.78 million yuan [2] - Main funds showed a net inflow in stocks like Beixin Road and Bridge, with 122.1 million yuan, while retail funds had a net outflow of 52.4 million yuan [3] Individual Stock Capital Flow - Beixin Road and Bridge (002307) had a main fund net inflow of 122.1 million yuan, while retail funds experienced a net outflow of 52.4 million yuan [3] - Tianfu Energy (600509) recorded a main fund net inflow of 33.3 million yuan, with retail funds showing a net outflow of 36.3 million yuan [3] - Zhongtai Chemical (002092) had a main fund net inflow of 23.1 million yuan, while retail funds faced a net outflow of 44.6 million yuan [3]

Group 1 - The core point of the article is that Xinjiang Jiaojian announced on November 24 that as of November 20, 2025, the number of shareholders is 91,944 [2]

Core Viewpoint - Xinjiang Communications Construction Company reported a decrease in the number of shareholders and a decline in stock price despite significant revenue and profit growth in the third quarter [2] Shareholder and Stock Performance - As of November 20, the number of shareholders was 91,944, a decrease of 6,375 from the previous period, representing a decline of 6.48% [2] - The latest stock price is 16.33 yuan, reflecting an increase of 2.58%, but the stock has cumulatively decreased by 6.20% since the concentration of shares began, with 2 days of increase and 8 days of decrease [2] Financing and Margin Data - As of November 21, the margin trading balance was 458 million yuan, with a financing balance of 457 million yuan, showing a total decrease of 19.74 million yuan, or 4.14%, since the concentration of shares began [2] Financial Performance - In the first three quarters, the company achieved operating revenue of 5.755 billion yuan, a year-on-year increase of 38.58%, and a net profit of 449 million yuan, a year-on-year increase of 147.73% [2] - The basic earnings per share were 0.6700 yuan, with a weighted average return on equity of 11.02% [2]

Meeting Information - The company will hold its third extraordinary general meeting of shareholders in 2025 on December 8, 2025 [2][4] - The meeting will be convened by the board of directors and complies with relevant laws and regulations [3] - The meeting will combine on-site voting and online voting [5] Voting Details - The record date for shareholders to attend the meeting is December 3, 2025 [6] - Shareholders can vote online through the Shenzhen Stock Exchange system during specified time slots on the meeting day [20][22] - The meeting will require a simple majority for resolutions to pass [10] Attendance and Registration - All shareholders registered with the China Securities Depository and Clearing Corporation Limited by the record date are eligible to attend [7] - Registration for attendance must be completed by December 5, 2025 [11] Proposal for Auditor Reappointment - The board has proposed to reappoint Zhongshun Yatai Accounting Firm for the 2025 financial statement and internal control audit [25] - The proposal has been approved by the board and will be submitted for shareholder approval [36] Auditor Information - Zhongshun Yatai Accounting Firm was established on January 18, 2013, and has 93 partners and 482 registered accountants [26] - The firm reported a total revenue of approximately 703.98 million yuan for 2024, with audit service revenue of about 682.03 million yuan [26] - The firm has no significant legal issues related to its auditing practices in the past three years [28] Audit Fee - The audit fee for the financial statement is set at 720,000 yuan, and the internal control audit fee is 200,000 yuan, unchanged from the previous year [34]

Market Overview - On November 21, the Xinjiang state-owned enterprise reform sector fell by 3.41% compared to the previous trading day, with Baodi Mining leading the decline [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Stock Performance - Notable stock movements included: - Beixin Road and Bridge (002307) rose by 9.92% to a closing price of 5.21, with a trading volume of 1.6997 million shares and a turnover of 862 million yuan [1] - Baodi Mining (601121) fell by 9.92% to a closing price of 66.9, with a trading volume of 386,900 shares and a turnover of 278 million yuan [2] - Other significant declines included: - Zhun Oil Co. (002207) down 8.29% to 7.96 [2] - Guanyi Co. (600251) down 5.56% to 8.67 [2] Capital Flow Analysis - The Xinjiang state-owned enterprise reform sector experienced a net outflow of 31.4271 million yuan from main funds, while retail investors saw a net inflow of 13.9266 million yuan [2][3] - Key capital flows for selected stocks included: - Beixin Road and Bridge had a main fund net inflow of 2.61 million yuan, but retail funds saw a net outflow of 1.44 million yuan [3] - Zhongtai Chemical (002092) had a main fund net inflow of 550.65 thousand yuan, while retail funds experienced a net outflow of 2.52974 million yuan [3]