| 证券代码：002941 | 证券简称：新疆交建 | 公告编号：2025-076 | | --- | --- | --- | | 债券代码：128132 | 债券简称：交建转债 | | 新疆交通建设集团股份有限公司 关于提前赎回"交建转债"实施暨即将停止交易的重要提示性公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 重要内容提示： 1、最后交易日：2025 年 9 月 17 日 2025 年 9 月 17 日是"交建转债"最后一个交易日，当日"交建转债"简称 为"Z 建转债"；2025 年 9 月 17 日收市后，"交建转债"将停止交易。 2、最后转股日：2025 年 9 月 22 日 2025 年 9 月 22 日是"交建转债"最后一个转股日，当日收市前，持有"交 建转债"的投资者仍可进行转股；2025 年 9 月 22 日收市后，未转股的"交建转 债"将停止转股。 3、截至 2025 年 9 月 15 日收市后，距离"交建转债"停止交易仅剩 2 个交 易日，距离"交建转债"停止转股并赎回仅剩 5 个交易日。本公司特提醒投资者 仔细阅读本公告内容，关 ...

新疆交通建设集团股份有限公司 关于对外投资设立控股子公司的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 证券代码：002941 证券简称：新疆交建 公告编号：2025-077 债券代码：128132 债券简称：交建转债 一、对外投资概述 3.本次对外投资事项不构成关联交易，亦不构成《上市公司重大资产重组管 理办法》规定的重大资产重组。 二、交易对手方基本情况介绍 1.公司名称：叶城县阳光交通建设发展有限公司 2.企业性质：有限责任公司（国有独资） 3.注册地址：新疆喀什地区叶城县育才路 76 号 4.注册资本：10,000 万元人民币 5.统一社会信用代码：91653126MA77B10D5A 6.法定代表人：严生武 1.新疆交通建设集团股份有限公司（以下简称"公司"或"新疆交建"）于 2025 年 9 月 15 日召开了公司第四届董事会第二十三次临时会议，审议通过了《关 于对外投资设立控股子公司的议案》。为紧密结合地方资源、产业和区位优势， 通过共抓新机遇，协同推进地方特色优势产业链式集群发展。公司拟使用自有资 金与叶城县阳光交通建设发展有限公司（以 ...

Core Viewpoint - The company plans to establish a new subsidiary to expand its infrastructure market presence and enhance competitiveness through a capital investment of 20.4 million yuan, acquiring a 51% stake in the new entity [1] Group 1: Investment Details - The company will invest 20.4 million yuan of its own funds in partnership with Yecheng Sunshine Transportation Construction Development Co., Ltd. to set up Xinjiang Jiaotong Construction (Kashgar) Development Co., Ltd. with a registered capital of 40 million yuan [1] - The investment does not constitute a related party transaction or a major asset restructuring, falling within the board's approval authority [1] Group 2: Strategic Intent - The investment aims to expand the company's footprint in the infrastructure market and improve its competitive edge [1] - The company acknowledges potential market and operational risks associated with the new subsidiary and plans to strengthen risk control measures [1]

国浩律师(乌鲁木齐)事务所 國浩律師事務所 GRANDALL LAW FIRM 北京 · 上海 · 深圳 · 广州 · 昆明 · 天津 · 成都 · 宁波 · 福州 · 西安 · 南京 · 南宁 · 济南 · 重庆 · 苏州 · 长沙 · 太原 · 武汉 · 贵阳 · 乌鲁木齐 · 香港 · 珪德里 · 硅谷 新疆乌鲁木齐经济技术开发区云台山街 499 号盛达广场 15 层 邮编：830000 电话:(+86)(991) 3070688 传真:(+86)(991)3070288 网址:http://www.grandall.com.cn 国浩律师(乌鲁木齐)事务所 国浩律师(乌鲁木齐)事务所 关于新疆交通建设集团股份有限公司 国浩律师(乌鲁木齐)事务所 关于新疆交通建设集团股份有限公司 二0二五年第二次临时股东会 法律意见书 二0 二五年第二次临时股东会法律意见书 致:新疆交通建设集团股份有限公司 国浩律师(乌鲁木齐)事务所(下称本所)接受新疆交通建设集团股份有限 公司 (下称公司)的委托,委派本所赵旭东律师、郑馨律师出席公司 2025 年第 二次临时股东会,根据《中华人民共和国公司法》(下称《公司法》)、《 ...

| 证券代码：002941 | | --- | | 证券简称：新疆交建 公告编号：2025-079 | 债券代码：128132 债券简称：交建转债 新疆交通建设集团股份有限公司 2025 年第二次临时股东会决议公告 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。 特别提示： 3.会议召开方式：本次股东会采用现场投票与网络投票相结合的方式。 2.本次股东会未涉及变更以往股东会已通过的决议。 一、会议召开和出席情况 （一）会议召开情况： 1.会议召开时间： （1）现场会议时间:2025年9月15日（星期一）北京时间15：00 1.本次股东会未出现否决提案的情形。 （2）网络投票时间:2025年9月15日，其中，通过深圳证券交易所交易系统 进行网络投票的具体时间为:2025年9月15日上午9:15分至9:25，上午9:30分至 11:30，下午13:00至15:00；通过深圳证券交易所互联网投票的具体时间为:2025 年9月15日上午9:15分至下午15:00期间的任意时间。 2.会议召开地点：新疆乌鲁木齐市高新技术产业开发区（新市区）乌昌路辅 道840号新疆交通建 ...

证券代码：002941 证券简称：新疆交建 公告编号：2025-078 新疆交通建设集团股份有限公司 第四届董事会第二十三次临时会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 一、董事会会议召开情况 新疆交通建设集团股份有限公司（以下简称"公司"、"本公司"）于 2025 年 9 月 10 日通过通讯形式向各董事发出会议通知，于 2025 年 9 月 15 日在公司 会议室以现场方式召开第四届董事会第二十三次临时会议。本次会议由董事长王 彤先生主持，应出席董事 9 人，实际出席董事 9 人，部分高管列席本次会议。 本次会议的召开符合《公司法》、《证券法》、《公司章程》的相关规定，会议合法 有效。 二、 董事会会议审议情况 （一）审议并通过《关于对外投资设立控股子公司的议案》 为紧密结合地方资源、产业和区位优势，通过共抓新机遇，协同推进地方特 色优势产业链式集群发展。公司拟与叶城县阳光交通建设发展有限公司（以下简 称：阳光交建）以自有资金出资 2040 万元，认缴比例为 51%，共同投资成立一 家公司新交建（喀什）建设发展有限公司（具体名称以当地登 ...

Group 1 - The core viewpoint of the news highlights the recent stock performance and financial metrics of Xinjiang Communications Construction Group Co., Ltd. (Xinjiang Jiao Jian) [1][2] - As of September 15, the stock price of Xinjiang Jiao Jian decreased by 2.03% to 16.38 CNY per share, with a total market capitalization of 11.765 billion CNY [1] - Year-to-date, the stock has increased by 48.64%, with a 5-day increase of 5.00%, a 20-day increase of 2.82%, and a 60-day increase of 53.95% [1] Group 2 - Xinjiang Jiao Jian was established on January 27, 1999, and listed on November 28, 2018, focusing on infrastructure construction, including roads, bridges, tunnels, and municipal engineering [2] - The company's revenue composition is primarily from construction (97.29%), followed by trade (1.69%), testing and vehicle passage (0.52%), and leasing/transportation (0.50%) [2] - As of August 29, the number of shareholders increased to 81,400, with an average of 8,550 circulating shares per shareholder [2] Group 3 - Xinjiang Jiao Jian has distributed a total of 4.87 billion CNY in dividends since its A-share listing, with 2.65 billion CNY distributed in the last three years [3] - As of June 30, 2025, the top ten circulating shareholders include Hong Kong Central Clearing Limited and Southern CSI 1000 ETF, with notable increases in their holdings [3]

Summary of Key Points from the Conference Call Industry Overview - The report focuses on the Xinjiang region's economic development and infrastructure projects, with a specific emphasis on coal and coal chemical industries, as well as transportation infrastructure related to the Belt and Road Initiative [1][2][3][4][5][6][7][14][18]. Core Insights and Arguments - **Economic Growth Targets**: Xinjiang aims for a GDP growth of approximately 6% in 2025, with fixed asset investment growth targeted at 10%. In 2024, GDP is expected to grow by 6.1%, with per capita GDP increasing by 5.4% [1][7]. - **Infrastructure Investment**: The region plans to implement 500 key projects with a total investment of 3.47 trillion yuan (approximately 0.5 trillion USD) in 2025, with 4.069 billion yuan planned for completion that year. Infrastructure investment will account for 23% of this, while industrial investment will make up 74% [1][12]. - **Coal Production**: Xinjiang's raw coal production is projected to reach 543 million tons in 2024, marking an 18% year-on-year increase. The region has significant coal resources, with a total approved coal mine capacity of 208 million tons [1][14]. - **Belt and Road Initiative**: Xinjiang plays a crucial role in the Belt and Road Initiative, enhancing its strategic position as a hub connecting China with Central Asia and Europe. The region's export growth rate ranks among the top three in the country [3][6][19]. Significant Developments - **Major Projects**: Key projects include coal chemical initiatives, the China-Kyrgyzstan-Uzbekistan railway, and the New Tibet Railway. Companies like China Chemical and China Railway are expected to benefit from these developments [5][20]. - **Infrastructure Progress**: Xinjiang has made notable advancements in infrastructure, with significant investments in roads and railways. The total road mileage reached 11,000 kilometers, with over 94% of counties connected by expressways [7][9]. - **Policy Support**: The upcoming 70th anniversary celebrations and the Fourth Central Xinjiang Work Conference are anticipated to bring additional policy support and development plans, similar to past events [4][13]. Additional Important Insights - **Water Resource Management**: The South-to-North Water Diversion West Line Project may indirectly enhance water resource management in Xinjiang, improving overall water utilization efficiency [17]. - **Investment from State-Owned Enterprises**: 25 state-owned enterprises have signed contracts for 183 projects in key sectors such as oil, gas, coal, and renewable energy, with expected investments ranging from 400 billion to 500 billion yuan [2][14]. - **Future Outlook**: The ongoing development of coal chemical projects and infrastructure improvements is expected to lead to significant economic growth and increased investment in Xinjiang over the coming years [15][20].

Investment Rating - The report maintains an investment rating of "Outperform the Market - A" for the construction industry [5]. Core Insights - The construction industry is expected to see marginal improvements in its fundamentals due to the ongoing implementation of debt reduction policies and the initiation of key strategic projects by the government [3][16]. - The macroeconomic policies in China have become more proactive, with a GDP growth of 5.3% year-on-year in the first half of 2025, supported by effective investment expansion [14]. - The report highlights the importance of both demand-side and supply-side strategies, emphasizing the need for a combination of fiscal and monetary policies to stimulate demand and manage industry capacity [14][15]. Summary by Sections Industry Dynamics Analysis - The construction industry is experiencing pressure on operations, with revenue and performance declining year-on-year in the first half of 2025. However, there is a notable improvement in operating cash flow due to the ongoing debt reduction policies [3][16]. - Key strategic projects are being launched, and the government is focusing on high-quality construction initiatives, including urban renewal and infrastructure projects [14]. Market Performance - The construction industry saw a 2.42% increase from September 8 to September 12, 2025, outperforming the Shanghai Composite Index [17]. - Various sub-sectors within the industry, such as landscaping and engineering consulting, have shown significant gains, with landscaping leading at 5.84% [17][18]. Company Announcements - Several companies in the construction sector have announced major project wins, including contracts worth billions, indicating a positive trend in new business acquisition [28]. Industry News - The report discusses various government initiatives aimed at enhancing infrastructure, including the launch of multiple railway projects and the promotion of smart construction practices [29][30].

Investment Rating - The report maintains a "Buy" rating for key companies in the construction and chemical sectors, particularly focusing on those benefiting from infrastructure development in Xinjiang and coal chemical projects [10][21]. Core Insights - The year 2025 marks the 70th anniversary of the Xinjiang Uyghur Autonomous Region, with expectations for increased central government support and policies that could significantly boost the performance and valuation of companies in the region [1][2][10]. - Key investment opportunities are identified in two main areas: transportation infrastructure and coal chemical projects, with specific recommendations for companies such as China Communications Construction, North New Road Bridge, and China Chemical [2][10][21]. - The report highlights the potential for substantial investment in coal chemical projects in Xinjiang, estimating annual investments of approximately 997 billion, 2077 billion, and 2326 billion from 2025 to 2027 [2][21]. Summary by Sections Transportation Infrastructure - The report emphasizes the importance of enhancing transportation infrastructure in Xinjiang, with ongoing railway projects and expected progress on the China-Kyrgyzstan-Uzbekistan railway, which has a total investment of 8 billion USD [2][21]. - Recommended companies benefiting from this sector include Xinjiang Communications Construction, North New Road Bridge, and major players in cement and steel production [1][2][10]. Coal Chemical Projects - The report notes that Xinjiang has significant potential for coal chemical development, with over 800 billion in investments planned for ongoing and proposed projects by mid-2025 [2][21]. - Key companies in this sector include China Chemical, Donghua Technology, and Sanwei Chemical, which are expected to benefit from the acceleration of project launches and the rising demand for green methanol [2][10][21]. Valuation Reassessment - The report suggests that companies rich in mineral resources, such as China Metallurgical Group and China Railway Group, are due for a valuation reassessment due to rising prices of gold and copper amid a recovering economy [7][30]. - China Metallurgical Group's estimated value is 732 billion, with a potential upside of 64%, while China Railway Group's estimated value is 1490 billion, with a potential upside of 69% [7][30]. High Dividend Recommendations - The report highlights Sichuan Road and Bridge as a high-dividend stock, projecting a dividend yield of 6.4% for 2025, benefiting from the strategic importance of Sichuan in national infrastructure plans [8][10][21]. - Other companies recommended for their high dividend yields include China Construction and China Railway Group, with respective yields of 5% and 4.6% [6][10].