SCS(SH:601555) 智通财经网·2025-08-25 02:50Group 1: PPP Policy Impact - The recent guidelines from the Ministry of Finance on PPP stock projects are expected to stimulate regional demand by allowing local governments to utilize general and special bonds for project costs, which will help improve the balance sheets of construction companies [1] - The focus on major infrastructure investment projects and urban renewal is increasing, with central financial support likely to accelerate the implementation of key projects and physical work volume [1] - Recommended companies include China Communications Construction Company (601800.SH), China Power Construction Group (601669.SH), and China Railway Group (601390.SH), with a focus on major projects in regions like Xinjiang, Tibet, and Sichuan-Chongqing [1] Group 2: Overseas Engineering Demand - China's overseas contracting engineering business saw a year-on-year revenue increase of 9.3% and new contract signings up by 13.7% in the first half of 2025, with significant growth in contracts signed in Belt and Road Initiative countries [2] - The ongoing global trade tensions and regional conflicts may lead to increased diplomatic and trade negotiations, potentially enhancing cooperation in Europe and ASEAN regions [2] - Recommended companies in the international engineering sector include China National Materials Group (600970.SH) and Shanghai Port Construction (605598.SH) [2] Group 3: Specialized Manufacturing Engineering - Certain specialized manufacturing engineering sectors, particularly in energy conservation, carbon reduction, and new energy infrastructure, are experiencing high demand, presenting investment opportunities for companies with relevant transformation strategies [3] - The semiconductor cleanroom sector is expected to maintain its favorable conditions, with recommended companies including Yaxing Integration (603929.SH) and Baicheng Co., Ltd. (601133.SH) [3]