Group 1 - Jinling Sports announced that its convertible bonds experienced significant abnormal fluctuations, with a cumulative price deviation of 39.14% over three consecutive trading days, indicating potential irrational trading behavior and high market risk [3] - Haichen Pharmaceutical reported that its solid-state battery-related business has not yet generated revenue, and the project faces risks related to industrialization and commercialization due to macroeconomic and market environment changes [4] - Jinying Co. confirmed that there have been no significant changes in its daily operations, with stable production costs and sales, and no major adjustments in market conditions or industry policies [5] Group 2 - Lingyi Technology received acceptance from the Shenzhen Stock Exchange for its plan to issue convertible bonds and acquire a 66.46% stake in Jiangsu Kedasitern Automotive Technology Co., Ltd., along with raising supporting funds [6] - Sichuan Road and Bridge announced plans to acquire 100% equity of Chengdu Xinzhu Transportation Technology Co., Ltd. and other related assets to enhance its bridge component business and improve market competitiveness [7] Group 3 - Jianghuai Automobile reported May sales of 33,400 vehicles, a year-on-year decrease of 3.52%, with new energy vehicle sales dropping by 57.81% [9] - Aonong Biological announced May sales of 156,200 pigs, a year-on-year increase of 9.44%, with a total stock of 536,400 pigs at the end of May, reflecting a 22.56% year-on-year increase [10] - Juxing Agriculture reported May sales of 328,000 pigs, a significant year-on-year increase of 61.5%, generating sales revenue of 579 million yuan [12] Group 4 - Hongyuan Electronics' controlling shareholders plan to reduce their holdings by up to 1% of the company's total shares due to personal funding needs [14] - Kaichun Co. announced an increase in its share repurchase price limit from 26.625 yuan to 40 yuan per share, effective June 10, 2025 [16]

证券代码：600039 证券简称：四川路桥 公告编号：2025-060 四川路桥建设集团股份有限公司 关于拟收购成都市新筑路桥机械股份有限公司桥梁 功能部件资产组暨关联交易的提示性公告 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。 重要内容提示： ●关联交易简要内容 四川路桥建设集团股份有限公司（以下简称公司）拟以支付现金的方式收购 关联方成都市新筑路桥机械股份有限公司（以下简称新筑股份）持有的成都市新 筑交通科技有限公司（以下简称新筑交科）100%股权、新筑股份其它与桥梁功 能部件业务有关的资产和负债（以下简称本次收购或本次关联交易）。最终的收 购方案待审计及评估工作完成后确定，并按公司《章程》的规定另行提交公司董 事会或股东会（如需）审议。 ●新筑股份为公司控股股东蜀道投资集团有限责任公司（以下简称蜀道集团） 的控股子公司，本次收购构成关联交易。 ●本次收购预计不构成重大资产重组。 ●风险提示 本次所签署的附条件生效的《成都市新筑路桥机械股份有限公司与四川路桥 建设集团股份有限公司之资产出售协议》为公司与新筑股份就本次收 ...

第八届董事会独立董事 2025 年第四次专门会议 四川路桥建设集团股份有限公司 四川路桥建设集团股份有限公司 第八届董事会独立董事 2025 年第四次专门会议的 审查意见 根据《上市公司独立董事管理办法》有关规定，四川路 桥建设集团股份有限公司（以下简称公司）于 2025 年 6 月 9 日以现场方式召开了第八届董事会独立董事 2025 年第四次 专门会议。会议应到独立董事 4 人，实到独立董事 4 人。独 立董事李光金先生为会议主持人。本次会议的召集、召开和 表决程序符合《上市公司独立董事管理办法》的规定，就审 议事项发表如下审查意见： 一、独立董事对《关于拟收购成都市新筑路桥机械股份 有限公司桥梁功能部件资产组的关联交易议案》的审查意见 经讨论，《关于拟收购成都市新筑路桥机械股份有限公 司桥梁功能部件资产组的关联交易议案》符合公司业务发展 需要，不会对公司的独立性产生影响，不存在损害公司及股 东特别是中小股东利益的情形。因此，我们同意将本事项提 交公司第八届董事会第五十六次会议审议，且关联董事应回 避表决。 表决结果：四票赞成，零票反对，零票弃权。 1 第八届董事会独立董事 2025 年第四次专门会议 四 ...

证券代码：600039 证券简称：四川路桥 公告编号：2025-059 （四）本次监事会由监事会主席黄卫主持，公司部分高级管理人员列席了会 议。 二、监事会会议审议情况 （一）审议通过了《关于拟收购成都市新筑路桥机械股份有限公司桥梁功 能部件资产组的关联交易议案》 四川路桥建设集团股份有限公司 第八届监事会第四十三次会议决议的公告 本公司监事会及全体监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、监事会会议召开情况 （一）本次监事会会议的召开符合《公司法》、公司《章程》的规定。 （二）本次监事会于 2025 年 6 月 9 日在公司 10 楼会议室以现场结合通讯方 式召开，会议通知于 2025 年 6 月 3 日以书面、电话的方式发出。 （三）本次监事会应出席人数 6 人，实际出席人数 6 人。其中监事谭德彬、 赵帅、刘胜军、李亚舟以通讯方式参会。 监事会同意公司以支付现金的方式收购关联方成都市新筑路桥机械股份有 限公司（以下简称新筑股份）持有的成都市新筑交通科技有限公司 100%股权、 新筑股份其它与桥梁功能部件业务有关的资产和负债。最终 ...

证券代码：600039 证券简称：四川路桥 公告编号：2025-058 四川路桥建设集团股份有限公司 第八届董事会第五十六次会议决议的公告 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 （一）本次董事会会议的召开符合《公司法》、公司《章程》的规定。 （二）本次董事会于 2025 年 6 月 9 日在公司 10 楼会议室以现场结合通讯方 式召开，会议通知于 2025 年 6 月 3 日以书面、电话的方式发出。 （三）本次董事会应出席人数 10 人，实际出席人数 10 人。其中董事李黔以 通讯方式参会。 董事会同意公司以支付现金的方式收购关联方成都市新筑路桥机械股份有 限公司（以下简称新筑股份）持有的成都市新筑交通科技有限公司 100%股权、 新筑股份其它与桥梁功能部件业务有关的资产和负债。最终的收购方案待审计及 评估工作完成后确定，并按公司《章程》的规定另行提交公司董事会或股东会（如 需）审议。 具体内容详见公司公告编号为 2025-060 的《四川路桥关于拟收购成都市新 筑路桥机械股份有限公司桥梁功能 ...

Group 1 - The core point of the article is that Sichuan Road and Bridge (600039.SH) plans to acquire the 100% equity of New筑交科 and other assets and liabilities related to bridge functional components from New筑股份 to strengthen its engineering construction business and enhance its competitive edge in the market [1] Group 2 - The acquisition aims to promote stable development in the main business of engineering construction and improve technical craftsmanship in bridge construction [1] - The company intends to achieve industrial chain synergy and enhance market expansion capabilities through this acquisition [1]

从未来三年的分红规划来看，不少公司上调了最低分红比例。例如，淮河能源在过去十年中仅有两年实 施分红，但未来三年分红规划显示，公司每年度拟分配的现金分红总额不低于当年实现归属于上市公司 股东的净利润的75%。四川路桥也表示，未来每一年度以现金方式分配的利润不低于当年度归属于上市 公司股东的净利润的60%。（闻辉） 【环球网财经综合报道】据上交所消息，日前召开高分红重回报暨上市公司价值提升座谈会，就进一步 提升高分红、高股息率上市公司估值进行深入交流探讨。据介绍，目前，沪市已经形成了一批高分红、 优回报的上市公司。以沪市主板公司为例，2024年整体分红比例39%，股息率达3.6%。 沪市多家上市公司代表，中国人寿、中国平安、中国太保等保险机构，易方达基金、华夏基金、广发基 金、富国基金、嘉实基金等基金公司代表参会。与会机构认为，在国内经济转型升级、无风险利率下行 的新形势下，以银行、能源、电力等行业公司为代表的红利资产具有高股息率的特点，在长期资金配置 中的重要性日益提升。近年来，红利指数有着不错的市场表现，目前红利资产股票静态估值相对不高， 整体经营质量较好，仍然具有很强的投资吸引力。与会机构还就提高上市公司现 ...

证券研究报告·行业跟踪周报·建筑材料 建筑材料行业跟踪周报 家庭消费仍有潜力，期待服务消费刺激 2025 年 06 月 08 日 增持（维持） [Table_Tag] [Table_Summary] 投资要点 证券分析师 黄诗涛 执业证书：S0600521120004 huangshitao@dwzq.com.cn 证券分析师 房大磊 执业证书：S0600522100001 fangdl@dwzq.com.cn 证券分析师 石峰源 执业证书：S0600521120001 shify@dwzq.com.cn 行业走势 -20% -16% -12% -8% -4% 0% 4% 8% 12% 16% 2024/6/11 2024/10/9 2025/2/6 2025/6/6 建筑材料 沪深300 相关研究 《建筑业 PMI 底部区间波动，推荐消 费建材》 2025-06-03 《继续推荐消费建材》 2025-05-25 东吴证券研究所 1 / 20 请务必阅读正文之后的免责声明部分 ◼ 本周（2025.6.3–2025.6.6，下同）：本周建筑材料板块（SW）涨跌幅 0.63%， 同期沪深 300、万得全 A 指数 ...

Report Summary 1. Report Industry Investment Rating - No industry investment rating is provided in the report. 2. Core View - The report regularly summarizes the latest information on private exchangeable bond (private EB) projects from public channels and tracks the basic elements of private exchangeable bond projects. It should be noted that the private issuance terms and the issuance process may be subject to change, and the final offering prospectus should prevail. For the issuance progress, please consult the relevant lead underwriters [1]. 3. Summary by Relevant Content New Project Information This Week - The private placement of exchangeable corporate bonds by Liaoning Chengda Co., Ltd. in 2025 to professional investors was accepted by the exchange. The proposed issuance scale is 5 billion yuan, the underlying stock is GF Securities (000776.SZ), the lead underwriter is CITIC Construction Securities, and the exchange update date is June 3, 2025 [2]. Private EB Weekly Tracking (2025 - 06 - 03) - Multiple private exchangeable bond projects are listed, including their bond names, lead underwriters, scales, underlying stocks, project statuses, and update dates. For example, the private placement of exchangeable corporate bonds by Shudao Investment Group Co., Ltd. in 2025 to professional investors has a scale of 5 billion yuan, the underlying stock is Sichuan Road & Bridge, the project status is "Passed", and the update date is April 30, 2025 [3]. Related Research Reports - Several related research reports are listed, such as "Private EB Weekly Tracking (20250526 - 20250530)" dated June 1, 2025 [4].

Investment Rating - Industry rating is maintained at "Outperform the Market" [4] Core Viewpoints - The construction sector has shown a positive performance with a 1.33% increase, outperforming the CSI 300 by 0.36 percentage points. The focus on infrastructure investment in the central and western regions has significantly increased, with major projects and events expected to catalyze growth [1][3] - Continuous recommendations are made to focus on infrastructure investment opportunities in the central and western regions, particularly in construction, cement, and civil explosives, as well as key industries like coal chemical and nuclear power [1][2] Summary by Sections Major Projects and Catalysts in Central and Western Infrastructure - Significant projects include the Three Gorges Waterway New Channel with an investment of approximately 76.6 billion yuan and a total construction period of 100 months. Key beneficiaries include Yipuli and Kailong Co. [12][21] - The Zhejiang-Jiangxi-Guangdong Canal project is estimated to require 320 billion yuan and is expected to start construction during the 14th Five-Year Plan period, with key beneficiaries being Huase Group and Guotai Group [13][21] - In Tibet, the opening of the Yarlung Tsangpo River downstream hydropower project is anticipated, with an estimated investment exceeding 1 trillion yuan and a planned capacity of 60 million kilowatts [19][21] - The Xinjiang region is seeing the commencement of the China-Kyrgyzstan-Uzbekistan Railway, with a total cost of 8 billion USD, which is expected to catalyze related investments [20][21] Market Review - The construction index increased by 1.33% during the week, with the building design and service sectors showing strong performance, achieving gains of 2.09% and 1.34% respectively [3][23] Investment Recommendations - Emphasis on cyclical opportunities arising from improvements in infrastructure physical volume, with a focus on traditional construction blue-chip stocks and regional high-growth companies [24][28] - Recommendations include companies like Sichuan Road and Bridge, China Communications Construction, and China Railway Construction, which are expected to benefit from ongoing infrastructure projects [28] - Attention is drawn to emerging business directions and the transformation of the construction sector, particularly in AI and cleanroom sectors, with specific companies recommended for investment [29][30]