| H | A | | --- | --- | | 股代码：00390 | 股代码：601390 | | 股简称：中国中铁 H | 股简称：中国中铁 公告编号：临 A 2026-011 | 1 中国中铁股份有限公司 第六届董事会第十九次会议决议公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误 导性陈述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法 律责任。 一、董事会会议召开情况 中国中铁股份有限公司（以下简称"公司"或"本公司"）第六届董 事会第十九次会议〔属 2026 年第 2 次临时会议（2026 年度总第 2 次）〕 通知和议案等书面材料于 2026 年 1 月 21 日以专人及发送电子邮件方式送 达各位董事，会议于 2026 年 2 月 3 日以现场会议方式召开。应出席会议 的董事 7 名，实际出席会议的董事 7 名。会议由董事长陈文健主持，公司 部分高级管理人员及有关人员列席会议。会议的召开符合有关法律、行政 法规、部门规章、规范性文件和《公司章程》的规定。 二、董事会会议审议情况 经过有效表决，会议审议通过了以下议案： （一）审议通过《关于<中国中铁股份有限公司 2026 ...

（记者 张明双） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经AI快讯，中国中铁2月4日晚间发布公告称，公司第六届第十九次董事会会议于2026年2月3日以现 场会议方式召开。会议审议了《关于中国中铁股份有限公司2026年度预算方案的议案》等文件。 每经头条（nbdtoutiao）——特朗普的"完美人选"颠覆美联储？解码凯文·沃什的"新政构想"：左手放水 右手抽水，要靠AI驯服通胀，拒做美债"大买家" ...

中国中铁公告称，第六届董事会第十九次会议审议通过多项议案，包括2026年度预算、投资计划方案， 修订经营开发、档案管理等多项制度。此外，因工作调动，会议同意解聘王新华总审计师、审计部部长 职务，董事会认为此次解聘程序完备，符合相关规定。 ...

Market Overview - The infrastructure sector increased by 1.45% compared to the previous trading day, with Guosheng Technology leading the gains [1] - The Shanghai Composite Index closed at 4102.2, up 0.85%, while the Shenzhen Component Index closed at 14156.27, up 0.21% [1] Key Stocks Performance - Guosheng Technology (603778) closed at 16.18, up 9.99% with a trading volume of 864,900 shares and a transaction value of 1.362 billion [1] - Beixin Road and Bridge (002307) closed at 5.20, up 3.79% with a trading volume of 859,500 shares [1] - China Railway (601390) closed at 5.70, up 3.45% with a trading volume of 4,909,000 shares and a transaction value of 2.784 billion [1] - Other notable stocks include Puban Co. (002663) up 2.48%, Hongrun Construction (002062) up 2.34%, and Jianeng Tihan (300197) up 2.30% [1] Capital Flow Analysis - The infrastructure sector experienced a net outflow of 58.8034 million from institutional investors, while retail investors saw a net inflow of 206 million [2] - The main stocks with significant capital inflow include China Power Construction (601669) with a net inflow of 82.3705 million and China Railway Construction (601186) with 80.8085 million [3] - Conversely, retail investors showed a net outflow in several stocks, including China Power Construction and China Railway Construction, indicating a mixed sentiment in the market [3]

Group 1: Market Overview - The Hong Kong stock market experienced fluctuations, with the Hang Seng Index closing at 23,831 points, down 145 points or 0.61% [1] - The market turnover decreased to 82.799 billion, with net inflows of 484 million from the Stock Connect [1] - The major indices in the US stock market collectively fell, with the S&P 500 index dropping nearly 1% and the Nasdaq down over 1% [2] Group 2: Sector Performance - In the Hong Kong market, local real estate, software, and 5G concept sectors saw significant declines, while gold stocks performed well [1] - The technology sector remains a core focus for future growth, particularly in AI applications and semiconductor industries, which are expected to benefit from government policies supporting technological self-reliance [3] Group 3: Company Highlights - CSPC Pharmaceutical Group saw an 8.1% increase in stock price after receiving a drug registration approval for a new product, which is expected to enhance its product line and drive performance growth [1] - China Railway Group, a recommended stock, experienced an 11.0% increase last week, indicating a potential opportunity for investors [3] - The report suggests continued attention on leading companies in the semiconductor industry, such as Hua Hong Semiconductor and SMIC, which are expected to benefit from domestic policy support [9]

Core Insights - The report discusses the implementation of the "Tax Law Principle" and its implications for service industries such as internet and finance, indicating that current tax arrangements are unlikely to change significantly in the short term [2][3][12] - The real estate sector is experiencing a favorable shift in financing policies, with REITs and private placements opening new equity financing channels to alleviate financial pressures on real estate companies [3][13] Tax Law Implementation - The State Council approved the "Implementation Regulations of the Value-Added Tax Law of the People's Republic of China" on December 19, 2025, and subsequent announcements have clarified tax details, suggesting stability in tax arrangements for service industries [2][3][12] - The definition of "basic services" in telecommunications is evolving, with mobile data and internet broadband still classified as "value-added services" subject to a 6% VAT rate, while traditional voice services are recognized as "basic services" with a 9% VAT rate [2][3][12] Real Estate Sector Analysis - The financing environment for the real estate industry is improving, with a shift from debt financing to equity financing, including the introduction of REITs and private placements [3][13] - Recent regulatory changes, such as the gradual retreat from the "three red lines" policy, indicate a more supportive financing environment for real estate companies [13] - The report maintains a "positive" rating for the real estate sector, highlighting the potential for recovery in the industry as financing policies become more favorable [3][13] Investment Recommendations - The report recommends several quality real estate companies for investment, including China Jinmao, Poly Developments, and China Resources Land, among others, due to their potential for recovery and attractive valuations [13] - The report emphasizes the importance of monitoring the evolving financing landscape and the impact of government policies on the real estate market [3][13]

Core Viewpoint - The event marks the first nationwide exhibition of micro-short films focused on the theme of integrity culture, showcasing 20 outstanding works and 40 shortlisted entries, reflecting a significant effort in promoting anti-corruption and integrity values within society [1][2]. Group 1: Event Overview - The event was co-hosted by several governmental bodies, including the Central Commission for Discipline Inspection and the National Supervisory Commission, and organized by People’s Daily [1]. - The initiative received a total of 619 micro-short film submissions since its launch in March 2025, covering various themes such as theoretical interpretation, anti-corruption, and the promotion of traditional Chinese culture [1]. - A selection process led to the identification of high-quality works that combine political, ideological, and artistic elements [1]. Group 2: Impact and Significance - The micro-short film format is recognized for its broad creative space, high information density, and effective dissemination, making it a suitable medium for adapting to changing media landscapes [2]. - The initiative aims to enhance the supply of quality content related to integrity culture and improve its appeal and influence, contributing to the cultivation of a clean and honest societal ethos [2]. Group 3: Awarded Works - The top ten outstanding works include titles such as "K线成长记" (K-Line Growth Record) and "况青天传奇" (Legend of Kuang Qingtian), submitted by various provincial disciplinary inspection commissions [3][4]. - Additional notable entries include "聚焦新型腐败和隐性腐败系列创意短剧" (Focus on New and Hidden Corruption Series) and "廉洁手册" (Integrity Handbook), showcasing diverse approaches to the theme of integrity [3][4].

Group 1: Infrastructure Investment - Major projects have been signed and construction has accelerated, focusing on infrastructure and high-end manufacturing, with traditional infrastructure steadily advancing while emerging industries become investment focal points [1] - China Railway announced winning bids for 8 railway projects, 3 highway projects, and 1 municipal project, with a total bid amount of approximately 43.292 billion yuan [2] - The National Development and Reform Commission has issued a list of early construction projects for 2026, totaling about 295 billion yuan, indicating strong policy support for infrastructure development [2] Group 2: Emerging Industries Investment - Emerging industries and future industries have seen a significant increase in project investment this year, driven by policy guidance and market demand [3] - In the integrated circuit sector, Shanghai Electric announced a project for high-density optical integrated circuit boards, expected to add an annual production capacity of 1.3 million pieces [3] - In the new materials sector, Baihehua plans to invest up to 100 million yuan in a project for 1,000 tons of PEEK materials, while Huafeng Chemical aims to invest 3.6 billion yuan in expanding production of low-carbon, intelligent spandex materials [3] Group 3: Investment Growth Outlook - Investment growth is expected to rebound as local governments focus on key areas and weak links to expand effective investment [4] - The 2026 early construction project list includes approximately 220 billion yuan for "two heavy" construction projects, a significant increase from 100 billion yuan in 2025 [4] - Manufacturing investment is projected to achieve a 4% overall growth in 2026, supported by new policy financial tools and a focus on high-tech industries [4][5]

Group 1: Infrastructure Investment - Major projects are being signed and accelerated in infrastructure and high-end manufacturing, with traditional infrastructure steadily advancing and emerging industries becoming investment focal points [1] - China Railway announced winning bids for 8 railway projects, 3 highway projects, and 1 municipal project, with a total bid amount of approximately 43.292 billion yuan [1] - The National Development and Reform Commission has organized the early batch of "two heavy" construction project lists and central budget investment plans for 2026, totaling approximately 295 billion yuan [1] Group 2: Emerging Industries Investment - Emerging industries are becoming the focus of project investments, with a significant increase in the proportion of emerging industry projects among major projects launched this year [2] - In the integrated circuit sector, Huadian Co. announced a project for high-density optical integrated circuit boards, expected to add an annual production capacity of 1.3 million pieces [2] - In the new materials sector, Baihehua plans to invest up to 100 million yuan in a project for an annual production of 1,000 tons of polyether ether ketone (PEEK) materials [2] Group 3: Investment Growth Outlook - Investment growth is expected to rebound as various regions focus on key areas and weak links to expand effective investment [3] - The support for infrastructure investment has significantly increased, with the early batch of "two heavy" construction projects for 2026 arranged at approximately 220 billion yuan, a notable increase from 100 billion yuan in 2025 [3] - Manufacturing investment is projected to achieve an overall growth of 4% in 2026, driven by policy support, technological innovation, and domestic and international demand [4]

Core Viewpoint - The "Fengyunhui·Smart Rail Cooperation Conference 2026" showcased the strength and collaborative ecosystem of the Fengtai rail transit industry, highlighting various projects and technological advancements aimed at promoting high-quality development in the sector [1]. Group 1: Industry Development and Collaboration - Fengtai District has established itself as a key hub for rail transit, housing over 260 major enterprises with an annual revenue exceeding 300 billion yuan, forming a comprehensive industrial ecosystem covering planning, construction, equipment manufacturing, and operation management [2]. - The district aims to enhance its industrial ecosystem by focusing on quality, innovation, and collaboration, positioning itself as a center for technological innovation and industrial aggregation in rail transit [2]. Group 2: Strategic Partnerships and Research Initiatives - The conference facilitated the signing of cooperation agreements among various entities, including the establishment of a joint research center for new railway electrical technologies to address industry challenges and promote innovation [3]. - Collaborations between companies and academic institutions, such as the partnership between China Railway Electrification Bureau and Hong Kong Polytechnic University, aim to advance research in subway power supply systems [3]. Group 3: Industry Planning and International Cooperation - A series of initiatives were announced to support the rail transit industry, including a focus on smart equipment and operational scheduling, encouraging companies to innovate in AI and core sensor technologies [4]. - The "Xianfeng Qihang" overseas service platform was launched to assist companies in exploring international markets by providing policy support and risk management [4]. Group 4: Service Mechanisms and Support Systems - Fengtai District introduced a "one-on-one smart rail butler" service mechanism to enhance support for the rail transit industry, focusing on personalized and comprehensive service delivery [5]. Group 5: Innovation and Product Showcase - The conference featured a display of cutting-edge products and solutions from major companies, demonstrating advancements in smart signaling systems and intelligent operation solutions that have significantly improved operational efficiency and safety [6][7]. - The 2025 Zhongguancun International Rail Transit Innovation and Entrepreneurship Competition highlighted innovative projects, fostering collaboration between large and small enterprises in the rail transit sector [7].