CAMCE(SZ:002051) Sou Hu Cai Jing·2025-12-30 20:20Core Viewpoint - The company, Zhonggong International, is facing challenges due to rising raw material prices but is implementing effective cost control measures to maintain profit margins [1]. Group 1: Financial Performance - As of December 30, 2025, Zhonggong International's stock closed at 9.03 yuan, down 2.06%, with a turnover rate of 1.29%, a trading volume of 159,100 shares, and a transaction value of 144 million yuan [1]. - The company's comprehensive gross profit margin for the first three quarters of 2025 was 18.57%, which is considered high within the industry [1]. Group 2: Market Activity - On December 30, 2025, the main funds experienced a net outflow of 3.50 million yuan, while retail investors saw a net inflow of 4.09 million yuan [1][3]. Group 3: Corporate Announcements - Zhonggong International's wholly-owned subsidiary, Zhonggong Jiangsu, is initiating an asset-backed special plan for accounts receivable not exceeding 800 million yuan, using overseas engineering project receivables as the underlying assets [1]. - As of December 26, 2025, the special plan had received subscription funds of 756 million yuan and officially commenced on December 29, 2025, starting to accrue interest [1]. - This special plan is notable as it is the first asset-backed security entirely composed of overseas receivables from a state-owned enterprise-controlled listed company, aimed at improving the company's asset-liability structure and operational cash flow [1].