中国经济网厦门12月1日讯 11月29—30日，以"数创未来，城就新质——数字驱动产城融合新范式"为主 题的2025数字经济与产业创新生态大会暨第三届产城融合协同发展联席会议全体会议在福建厦门召开。 本次大会旨在深入贯彻落实党的二十届四中全会精神，紧扣数字中国战略，汇聚政、产、学、研、金多 方力量，共同探索以科技创新引领新质生产力发展的产城融合新路径。 大会由全国民营企业绿色低碳发展联盟产城融合协同发展专委会、中国电子信息行业联合会数字经济专 业委员会、中交一公局集团有限公司联合主办。来自工业和信息化部电子科技委、中国工程院、全国工 商联、中国电子信息行业联合会数字经济专业委员会、厦门火炬高新区管委会、厦门市同翔高新城片区 指挥部、厦门市工业和信息化局、中国交通建设集团有限公司、中交一公局集团有限公司、中国工信出 版传媒集团华信研究院相关领导、专家和三百余家产业单位出席会议。 在大会现场，中交一公局集团有限公司战略与产业发展研究院院长、产城融合协同发展联席会议组委会 主席徐振伟发布了《2025产城融合协同发展联席会议成果报告》，中国电子信息行业联合会数字经济专 业委员会副秘书长熊伟发布了《中国半导体发展指数年 ...

盈利巨人竟是市场矮子？21万散户抄底反陷泥潭，央企股的底在何方 股民朋友们有没有发现一个怪现象？2025年的央企股堪称"矛盾综合体"——一边是不少央企赚得盆满钵满，净利润动辄数十亿甚至上百亿，一边是股价 跌跌不休，估值跌到地板上还在磨底；一边是政策频频释放利好，喊出"加强市值管理""提高股东回报"，一边是21万散户扎堆抄底，却硬生生陷入"越补 仓越被套"的泥潭。 据中证指数公司11月28日最新数据，中证央企指数（000926）2025年以来累计下跌7.3%，同期有32家市值超500亿的央企股股价创近3年新低，其中17家 更是处于"破净"状态（市净率低于1）。 而中国证券登记结算公司披露的持仓数据显示，仅三季度就有21.4万散户涌入这类"低估值央企股"，但截至11月底，超七成散户浮亏幅度在15%以上，不 少人感叹"以为抄到了价值洼地，没想到是万丈深渊" 。一边是盈利硬实力，一边是市场冷待遇，央企股的"底"到底在何方？ 按理说，盈利是股价的"定海神针"，但2025年的央企股偏要打破这个规律。先看一组实打实的业绩数据：据华源证券2025年11月19日研报，九大建筑央 企前三季度营收和归母净利润分别占申万建筑板块的8 ...

Investment Rating - The report maintains an investment rating of "Leading the Market - A" for the construction industry [6]. Core Insights - The construction industry showed a month-on-month improvement in November, with the business activity index rising to 49.6%, an increase of 0.5 percentage points from the previous month. The business activity expectation index reached 57.9%, up by 1.9 percentage points [1][17]. - The government has allocated 700 billion yuan and 800 billion yuan in special bonds for hard investment projects in the past two years, supporting significant infrastructure developments [2][18]. - The "14th Five-Year Plan" emphasizes expanding domestic demand, with infrastructure investment expected to play a stabilizing role in economic operations [3][19]. - The report suggests focusing on high-prosperity sectors such as overseas construction, western region development, and cleanroom engineering, which are expected to maintain strong demand and performance [3][11]. Summary by Sections Industry Dynamics - The construction industry's business activity index improved to 49.6% in November, indicating a recovery in the sector. The overall economic climate remains stable, with the manufacturing PMI at 49.2% [1][17]. - Significant investments in infrastructure are being driven by government initiatives, including the construction of urban underground pipelines and major transportation projects along the Yangtze River [2][18]. Market Performance - The construction industry saw a weekly increase of 2.81%, with the decoration and renovation sector performing particularly well [20][22]. - The report highlights that 82.32% of companies in the construction sector experienced stock price increases, with notable performers including Guo Sheng Technology and Shenghui Integration [22][23]. Key Investment Targets - Recommended companies include China State Construction, China Communications Construction, and China Railway Construction, which are expected to benefit from improved fundamentals and government support [11][13]. - The cleanroom engineering sector is highlighted for its continued high demand, with companies like Yaxiang Integration and Shenghui Integration poised for growth due to increased orders and overseas business expansion [12][13]. Valuation Metrics - The construction and decoration industry has a current P/E ratio of 12.41 and a P/B ratio of 0.82, indicating relatively low valuations compared to other sectors [25]. - The report identifies several companies with low P/E ratios, such as Shandong Road and Bridge (4.08) and China State Construction (4.81), suggesting potential investment opportunities [25][29].

Core Insights - The 2025 Guangdong Construction Industry Modernization Development Conference and Guangdong International Construction Industry Expo opened in Guangzhou, focusing on "Digital Intelligence Empowerment, New Quality Development, Building the Future of Guangdong" [1] - The event attracted over 200 participating units from the construction industry, showcasing advancements in technology and resources aimed at modernizing the construction sector [1][3] Group 1: Industry Trends - The construction industry is transitioning from high-speed growth to high-quality development, emphasizing quality over quantity [4] - Guangdong is leading the way in integrating new construction technologies and industrialization, particularly in smart construction and modular buildings [3][4] - The conference highlighted the importance of urban renewal and resource revitalization in enhancing city vitality [4] Group 2: Key Initiatives - The "Hundred Million Project" aims to achieve significant results within three years, with over 11,000 projects initiated and an investment of nearly 170 billion yuan by October [7] - Central enterprises like China State Construction and China Railway are playing a pivotal role in supporting local construction efforts and demonstrating leadership in rural development [7][8] - The conference facilitated cooperation agreements among construction enterprises to enhance resource integration and promote the "Hundred Million Project" [7] Group 3: Future Directions - The event included discussions on cultivating new productive forces in the construction industry and promoting the construction of quality housing [8] - Various activities, such as the Guangdong Provincial Construction Culture Promotion Week and exchanges among young architects, were organized to explore modernization pathways [8]

Group 1 - China Communications Construction Group Limited has obtained a patent for a "large mooring floating box steel box unit combination structure," with authorization announcement number CN120793067B, and the application date is September 2025 [1] - China Communications Construction Group Limited was established in 2005, located in Beijing, primarily engaged in civil engineering and construction, with a registered capital of 727,402.38 million RMB [1] - China Communications Construction Group Limited has invested in 25 companies, participated in 5,000 bidding projects, holds 162 trademark registrations, 17 patents, and possesses 9 administrative licenses [1] Group 2 - China Communications Fourth Navigation Engineering Bureau Limited, established in 1983 and located in Guangzhou, primarily operates in the road transportation industry, with a registered capital of 496,568.09 million RMB [1] - China Communications Fourth Navigation Engineering Bureau Limited has invested in 123 companies, participated in 5,000 bidding projects, holds 19 trademark registrations, 2,277 patents, and possesses 655 administrative licenses [1] - China Communications First Navigation Engineering Bureau Limited, established in 1985 and located in Tianjin, primarily operates in the construction installation industry, with a registered capital of 729,483.82 million RMB [2] - China Communications First Navigation Engineering Bureau Limited has invested in 114 companies, participated in 5,000 bidding projects, holds 4,488 patent registrations, and possesses 1,131 administrative licenses [2] Group 3 - Hainan Zhelian Steel Structure Group Limited, established in 2010 and located in Haikou, primarily operates in the metal products industry, with a registered capital of 38 million RMB [2] - Hainan Zhelian Steel Structure Group Limited has invested in 10 companies, participated in 9 bidding projects, holds 21 patent registrations, and possesses 16 administrative licenses [2]

Core Viewpoint - The Guangdong Construction Industry Conference aims to showcase achievements and promote digital and intelligent development in the construction sector, emphasizing modernization and high-quality growth [2][3][12]. Group 1: Conference Overview - The 2025 Guangdong Construction Industry Modernization Development Conference and Guangdong International Construction Industry Expo opened in Guangzhou [2][10]. - The theme of the conference is "Digital Intelligence Empowerment, New Quality Development, Building the Future of Guangdong" [3][11]. - The event attracted over 200 units from the construction industry's upstream and downstream supply chains [4]. Group 2: Industry Trends and Goals - The construction industry is transitioning towards industrialization, digitalization, and greening, with Guangdong leading in integrating new construction technologies and industrialization [13][14]. - The focus is on enhancing the competitiveness and influence of "Chinese Construction" through technological innovation and building a collaborative industrial ecosystem [16][18]. - The conference emphasizes the importance of modernizing the construction industry to achieve high-quality development [17][27]. Group 3: Achievements and Initiatives - As of October this year, over 11,000 construction projects have been initiated under the "Hundred-Thousand-Ten Thousand Project," with a total investment of nearly 1700 billion [37][40]. - Major state-owned enterprises are actively participating in rural construction, enhancing infrastructure quality and optimizing public services [41][46]. - The conference includes signing ceremonies for cooperation in the "Hundred-Thousand-Ten Thousand Project," aiming to integrate resources across technology, management, and finance [49][52]. Group 4: Future Directions - The conference will host various activities, including discussions on cultivating new productive forces in the construction industry and promoting high-quality housing [53][58]. - The goal is to explore pathways for modernization and transformation in the construction sector, fostering innovation and cooperation across the entire industry chain [59].

Core Viewpoint - The announcement details the third dividend distribution for the year 2025 from the China Communications Construction Company Highway Closed-End Infrastructure Securities Investment Fund, highlighting the cash dividend amount and relevant dates for investors [1]. Summary by Sections Dividend Distribution - The dividend distribution is set at 0.70 yuan per 10 shares for the China Communications Construction Highway REIT (code: 508018) [1]. - The record date for the dividend distribution is December 1, 2023, with cash dividends to be paid on December 3, 2023 [1]. Taxation and Fees - The fund's profit distribution to investors is exempt from income tax according to relevant regulations from the Ministry of Finance and the State Administration of Taxation [1]. - There are no fees charged for the dividend distribution [1].

证券之星消息，11月26日基础建设板块较上一交易日下跌0.19%，园林股份领跌。当日上证指数报收于 3864.18，下跌0.15%。深证成指报收于12907.83，上涨1.02%。基础建设板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入 (元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 603176 汇通集团 | | 5162.03万 | 28.04% | -388.49万 | -2.11% | -4773.54万 | -25.93% | | 001267 | 汇绿生态 | 4827.14万 | 3.90% | -2098.07万 | -1.69% | -2729.07万 | -2.20% | | 002307 | 北新路桥 | 3295.30万 | 1.96% | -4315.05万 | -2.57% | 1019.75 ...

Core Viewpoint - China Communications Construction Company (CCCC) announced an increase in its cash dividend per share for A-shares from 0.11756 yuan (including tax) to 0.11780 yuan (including tax) [2] Summary by Category - **Dividend Announcement** - The cash dividend per share for A-shares has been adjusted to 0.11780 yuan from the previous 0.11756 yuan [2]

A 股代码：601800 A 股简称：中国交建 公告编号：临 2025-060 中国交通建设股份有限公司 关于 2022 年限制性股票激励计划部分限制性股票 回购注销实施公告 中国交通建设股份有限公司（简称本公司或公司）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。 重要内容提示： 回购注销原因：公司 2022 年限制性股票激励计划授予对象中，48 名激 励对象不再符合激励对象条件，公司决定回购注销该 48 名激励对象已获授但尚 未解除限售的全部或部分限制性股票。上述 48 名激励对象中的 1 名激励对象因 个人原因尚待办理回购注销手续，本次实际回购注销其余 47 名激励对象持有的 限制性股票 396.72 万股。 回购股份数量（万股） 注销股份数量（万股） 注销日期 396.72 396.72 2025 年 11 月 28 日 本次注销股份的有关情况 一、本次限制性股票回购注销的决策与信息披露 （一） 2025 年 6 月 13 日，公司召开第五届董事会第五十次会议，审议通过 了《关于回购注销中国交建 2022 年限制性股票激励 ...