Market Overview - The decoration and renovation sector saw a slight increase of 0.09% on November 27, with Zhengzhong Design leading the gains [1] - The Shanghai Composite Index closed at 3875.26, up 0.29%, while the Shenzhen Component Index closed at 12875.19, down 0.25% [1] Top Performers - Zhengzhong Design (002811) closed at 16.73, up 9.99% with a trading volume of 455,000 shares and a turnover of 731 million [1] - Meizhi Co., Ltd. (002856) also rose by 9.99% to close at 13.32, with a trading volume of 172,600 shares and a turnover of 214 million [1] - Other notable gainers include ST Chuangxing (600193) up 4.89% and Mingdiao Co., Ltd. (002830) up 4.57% [1] Underperformers - ST Dongyi (002713) fell by 5.00% to close at 13.67, with a trading volume of 95,150 shares and a turnover of 13 million [2] - ST Zhongzhuang (002822) decreased by 4.97% to 4.21, with a trading volume of 522,900 shares and a turnover of 223 million [2] - Other significant decliners include ST Mingjia (300506) down 3.59% and Haikou Development (002163) down 1.97% [2] Capital Flow - The decoration and renovation sector experienced a net outflow of 59.03 million from institutional investors, while retail investors saw a net inflow of 112 million [2] - The main stocks with significant capital flow include Zhengzhong Design with a net inflow of 11.9 million from institutional investors [3] - Meizhi Co., Ltd. had a net inflow of 12.93 million, while ST Baoying (002047) saw a net inflow of 12.39 million [3]

Market Performance - The decoration and renovation sector increased by 1.27% compared to the previous trading day, with Meizhi Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3870.02, up 0.87%, while the Shenzhen Component Index closed at 12777.31, up 1.53% [1] Key Stocks in the Sector - Meizhi Co., Ltd. (002856) closed at 12.88, with a rise of 9.99% and a trading volume of 97,200 shares, totaling a transaction value of 123 million yuan [1] - Zhengzhong Design (002811) closed at 16.01, up 7.31%, with a trading volume of 592,300 shares and a transaction value of 2.616 million yuan [1] - Other notable stocks include *ST Jianyi (002789) with a 5.00% increase, *ST Zhongzhuang (002822) with a 4.98% increase, and Zhongtian Jingzhuang (002989) with a 4.19% increase [1] Capital Flow Analysis - The decoration and renovation sector experienced a net outflow of 8.5444 million yuan from institutional investors, while retail investors saw a net outflow of 3.6943 million yuan [2] - Conversely, speculative funds recorded a net inflow of 12.2387 million yuan [2] Individual Stock Capital Flow - Zhengzhong Design (002811) had a net inflow of 11.2 million yuan from institutional investors, but a net outflow of 58.6391 million yuan from speculative funds [3] - Meizhi Co., Ltd. (002856) saw a net inflow of 21.6486 million yuan from institutional investors, with a net outflow of 9.0472 million yuan from speculative funds [3] - Hainan Development (002163) had a net inflow of 59.3333 million yuan from institutional investors, while also experiencing a net outflow from retail investors [3]

Group 1: Investor Relations Activity - The company participated in the "2025 Annual Shenzhen Listed Companies Investor Online Reception Day" to enhance interaction with investors [2] - The event was held on November 20, 2025, from 14:30 to 17:00 via the "Panorama Network" investor relations interactive platform [2] - Key company representatives included the Chairman and President Zhu Jiafu, Vice President and Secretary of the Board Shen Qian, and Financial Director Hu Jianfeng [2] Group 2: Financial Performance and Management - The company has not received any notifications or plans regarding mergers and acquisitions [2] - Bad debt provisions are made in accordance with accounting standards and are influenced by the long project cycles and cash flow patterns in the construction decoration industry [3] - The company aims to improve operational quality and profitability through enhanced project execution and cost control in the fourth quarter [4] Group 3: Project Updates - The company recently won a total contract amounting to RMB 2.086 billion for the Macau University project, which is not associated with Huafa Group [3] - The company has previously engaged in projects related to data infrastructure but has not yet entered core data infrastructure construction [3] Group 4: Shareholder Concerns - Shareholders are implementing a share reduction plan disclosed on September 15, 2025, with the deadline for the plan set for January 13, 2026 [4] - The company acknowledges concerns regarding its market capitalization, which is influenced by macroeconomic conditions and market preferences, rather than solely by project wins [4][5] - The company emphasizes compliance with disclosure regulations and aims to maintain investor trust through transparent communication [5]

Group 1 - Shengxin Lithium Energy signed a framework agreement with Huayou Cobalt for the procurement of 221,400 tons of lithium salt products over five years [1] - Wehua New Materials' subsidiary plans to acquire 70% of He Yutai for 154 million yuan [1] - Xiamen Tungsten plans to invest 600 million yuan to establish a wholly-owned subsidiary for a project with an annual production capacity of 50,000 tons of high-performance battery materials [1][2] Group 2 - *ST Songfa's subsidiary signed a shipbuilding contract worth approximately 200-300 million USD for two VLCCs [3] - Hailianxun's stock will resume trading on November 19 after the end of the acquisition request period [5] - Yunnan Energy Investment obtained the development rights for a 25,000 kW wind power project [7] Group 3 - China Resources Double Crane's subsidiary received a drug registration certificate for Oxcarbazepine tablets [8] - Jincheng Pharmaceutical's subsidiary received a CEP certificate for glutathione raw materials [9] - Jinkong Electric plans to transfer 51% of Tongying Thermal Power to an affiliate for 266 million yuan [9] Group 4 - Clean Technology's subsidiary won a bid for a waste incineration power generation project in Thailand with a total investment of up to 4.27 million USD [12] - Tonglian Precision's shareholders set the transfer price for shares at 43.67 yuan each [13] - Hu Nong Commercial Bank's executives collectively purchased 259,100 shares of the company [13] Group 5 - Huatai Medical's subsidiary obtained a medical device registration certificate for polyethylene embolization microspheres [13] - Fosun Pharma's subsidiary's drug registration application was accepted by the National Medical Products Administration [13] - Xianhui Technology signed contracts worth 796 million yuan with multiple subsidiaries of CATL [15] Group 6 - Ningbo Fangzheng signed a strategic cooperation agreement with Huaxiang Qiyuan for the development of various robotic technologies [15] - Ruida Futures' vice president resigned for personal reasons [16] - Samsung Medical is expected to win contracts worth approximately 125 million yuan from the State Grid [17] Group 7 - Tianjin Pharmaceutical's injectable methylprednisolone sodium succinate received registration from Panama's Ministry of Health [19] - Yaxing Anchor Chain plans to invest up to 300 million yuan in a project for deep-sea floating equipment [20] - Zejing Pharmaceutical's clinical trial for ZG006 was approved by the National Medical Products Administration [21] Group 8 - Weiye Co., Ltd. won a bid for a project worth approximately 2.086 billion yuan [23] - Ruimao Tong plans to sell 8.5794 million repurchased shares [25] - Guangge Technology's shareholders plan to reduce their holdings by up to 3.99% [26] Group 9 - Hongsheng Development signed a debt restructuring contract for a total of 2 billion yuan [27][28] - Yatai Co., Ltd. plans to reduce its holdings by up to 1% [30] - Dexin Technology's shareholder plans to reduce its holdings by up to 1% [31] Group 10 - Yaji International's shareholder plans to reduce its holdings by up to 1% [33] - Shenzhen New Star's subsidiary received approval for trial production of a boron trifluoride project [35] - Shengyi Electronics plans to raise up to 2.6 billion yuan through a private placement [36]

维业股份(300621.SZ)发布公告，公司全资子公司建泰建设有限公司(简称"建泰建设")于近日收到了广东 横琴澳大高等教育发展有限公司(简称"广东高等教育公司")发来的《澳门大学横琴粤澳深度合作区校区 总承包工程南区标段之判给结果》，公司全资子公司建泰建设与明信建筑置业有限公司(简称"明信建 筑")联合体中标澳门大学横琴粤澳深度合作区校区总承包工程(南区总承包工程)，中标金额约20.86亿 元。依据上述中标结果，建泰建设、明信建筑与广东高等教育公司共同签署了工程合同。 ...

维业股份（300621）(300621.SZ)发布公告，公司全资子公司建泰建设有限公司(简称"建泰建设")于近日 收到了广东横琴澳大高等教育发展有限公司(简称"广东高等教育公司")发来的《澳门大学横琴粤澳深度 合作区校区总承包工程南区标段之判给结果》，公司全资子公司建泰建设与明信建筑置业有限公司(简 称"明信建筑")联合体中标澳门大学横琴粤澳深度合作区校区总承包工程(南区总承包工程)，中标金额约 20.86亿元。依据上述中标结果，建泰建设、明信建筑与广东高等教育公司共同签署了工程合同。 ...

格隆汇11月18日｜维业股份公告，全资子公司建泰建设与明信建筑联合体中标澳门大学横琴粤澳深度合 作区校区总承包工程(南区总承包工程)，中标金额约20.86亿元。建泰建设、明信建筑与广东高等教育公 司已签署工程合同。 ...

维业建设集团股份有限公司 关于全资子公司联合体中标及签订工程合同的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整。没有虚假记载、 误导性陈述或重大遗漏。 一、交易概述 维业建设集团股份有限公司（以下简称"公司"）全资子公司建泰建设有 限公司（以下简称"建泰建设"）于近日收到了广东横琴澳大高等教育发展有 限公司（以下简称"广东高等教育公司"）发来的《澳门大学横琴粤澳深度合 作区校区总承包工程南区标段之判给结果》，公司全资子公司建泰建设与明信 建筑置业有限公司（以下简称"明信建筑"）联合体中标澳门大学横琴粤澳深 度合作区校区总承包工程（南区总承包工程）（以下简称"本项目"），中标 金额约人民币 2,086,000,000.00 元。依据上述中标结果，建泰建设、明信建筑 与广东高等教育公司共同签署了工程合同。 二、交易方基本情况 1、发包方基本情况 名称：广东横琴澳大高等教育发展有限公司 证券代码：300621 证券简称：维业股份 公告编号：2025-075 注册资本：400,000万人民币 成立日期：2024年05月13日 法定代表人：宋永华 统一社会信用代码：91440003MADK1QT422 ...

Group 1 - The company responded to an investor inquiry regarding its supply chain asset special plan business, indicating that it is currently not involved in RWA-related activities [2]

（文章来源：证券日报） 证券日报网讯维业股份11月17日在互动平台回答投资者提问时表示，公司有承接过少量分布式光伏建筑 施工项目，但占营收比重较小。 ...