LJRB(SH:600853) Sou Hu Cai Jing·2026-01-01 18:19Core Viewpoint - Longjian Co., Ltd. (600853) has shown a slight increase in stock price, reflecting a stable market position within the infrastructure sector, while the company is actively pursuing its convertible bond issuance and focusing on its core business areas [1][2][6]. Group 1: Stock Performance - As of December 26, 2025, Longjian Co., Ltd. closed at 4.29 yuan, up 1.9% from the previous week [1] - The stock reached a high of 4.33 yuan and a low of 4.18 yuan during the week [1] - The company's current market capitalization is 4.391 billion yuan, ranking 25th out of 45 in the infrastructure sector and 3709th out of 5181 in the A-share market [1] Group 2: Business Operations - The company has received approval from the China Securities Regulatory Commission for its convertible bond issuance, with the management actively pushing forward the issuance process [2][6] - The business structure is divided into domestic, foreign, and overseas markets with a ratio of 6:3:1, which is consistent with its revenue structure [2] - The company is focusing on limited diversification, expanding into green building materials, high-standard farmland, and franchise rights within its industry chain [2] Group 3: Financial Health - The company has a high debt-to-asset ratio, which is characteristic of the industry, but it has been working to reduce this ratio, showing a downward trend in recent years [3] Group 4: Project and Market Position - The company is preparing its annual report for 2025, with stable development expected in the industry [4] - Longjian Co., Ltd. has a competitive edge in the provincial market due to its self-management system, brand advantages, advanced equipment, and professional teams [4] - Key PPP projects for 2024 to 2025 include several significant infrastructure projects located in Heilongjiang, Inner Mongolia, and Shandong [4] Group 5: Information Disclosure - The information disclosure service agreement with Shanghai Securities News will expire on December 31, 2025, and from January 1, 2026, the company will change its designated information disclosure media to China Securities Journal and the Shanghai Stock Exchange website [5][6]