S 上海现代服务业联合会 Shanghai Services Federation 荣续智库 基建行业ESG白皮书 摘要 基础设施是城市脉动的基石，更是经济发展的骨架，从纵横的交通路网到运转的能源管网，它无声支撑着每一个日常。 如今，"可持续"已成为基建行业的新命题，ESG是保障项目长效价值、抵御气候与政策风险的核心能力。 PREFACE ANALYST 前言 研究员 基础设施与我们的日常生活、经济活动紧密交织，是社会 杨帆 国际通用ESG高级分析师：SH703XFBA0491 运转的核心支撑。如今，这个行业正面临新的发展要求， 在高效履行交通、能源、通信等传统功能之外，还需更主 汤切云 CFAESG证书：0000000099910753 动地管控环境影响、践行社会责任、优化治理水平一一这正 是ESG（环境、社会和治理）理念的核心关切。 碳管理师：CHINAETSCM20240010155 对基建行业而言，聚焦ESG不仅是响应时代要求，更能切 实管理长期风险，比如应对气候变化引发的物理风险，以 张雷和 高级注册ESG分析师：24RZQLKC002561A 及政策调整带来的转型风险。同时，这也有助于赢得社区、 ...

Investment Rating - The report maintains an "Overweight" rating for the construction and infrastructure sector, highlighting the potential for recovery driven by increased special bond issuance and infrastructure investment [4][5][7]. Core Insights - The issuance of special bonds accelerated in early 2026, reaching 824.2 billion yuan, a year-on-year increase of 38.1%, which is expected to boost the construction sector's recovery [4][5]. - Infrastructure investment saw a decline of 2.2% in 2025, with private investment decreasing by 6.4%, although there was a slight increase of 1.7% in private infrastructure investment [5]. - The construction sector's recovery is supported by improved work resumption rates and funding availability, with 8.9% of construction sites resuming work by February 25, 2026, an increase of 1.5 percentage points year-on-year [5]. Summary by Sections Recent Key Reports - The report discusses various sectors including AI, clean rooms, and renewable energy, recommending companies with high demand and strong competitive advantages [11][12][13]. - It emphasizes the importance of state-owned enterprises in the construction sector, particularly those with high dividend yields and stable growth prospects [21][29]. Recommended Companies - Companies such as China State Construction, China Railway, and China Communications Construction are highlighted for their strong dividend yields and potential for stable growth [7][29]. - Specific recommendations include China Electric Power Construction and China Nuclear Engineering for their roles in energy and infrastructure projects [12][18]. Macro/Meso/Micro Data - The report notes a significant increase in special bond issuance and infrastructure investment, with a projected growth of 10.9% in broad infrastructure investment in early 2025 [23][32]. - It also highlights the expected increase in self-financing for infrastructure projects, driven by local government financing and special bond issuance [33].

声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 有投资者在互动平台向华设集团提问："机构预测我国低空空域管理将放宽，2026年将是低空基建爆发 元年，我国低空经济基建规模到2028年将达到3000亿以上。面对如此重大机遇，贵司作为民航专业工程 设计综合资质甲级企业唯一达标的公司，将从哪些方面收益？收益规模多大？谢谢！" 来源：市场资讯 针对上述提问，华设集团回应称："感谢您对公司的关注！低空经济领域业务是公司重要的发展方向， 深度聚焦低空空域规划、低空起降场建设、城市级飞行运营、通导监气系统集成、适航检测认证等领 域，这些业务将产生市场收益。谢谢！" ...

证券日报网讯 2月26日，华设集团在互动平台回答投资者提问时表示，截至2026年2月13日，公司股东 人数为29827户。 （文章来源：证券日报） ...

证券日报网讯2月26日，华设集团（603018）在互动平台回答投资者提问时表示，截至2026年2月10日， 公司股东人数为30533户。 ...

2月25日，华设集团涨0.37%，成交额1.08亿元。两融数据显示，当日华设集团获融资买入额2281.38万 元，融资偿还1485.66万元，融资净买入795.72万元。截至2月25日，华设集团融资融券余额合计2.92亿 元。 融资方面，华设集团当日融资买入2281.38万元。当前融资余额2.92亿元，占流通市值的5.28%，融资余 额低于近一年50%分位水平，处于较低位。 融券方面，华设集团2月25日融券偿还0.00股，融券卖出500.00股，按当日收盘价计算，卖出金额 4040.00元；融券余量1.54万股，融券余额12.44万元，低于近一年30%分位水平，处于低位。 资料显示，华设设计集团股份有限公司位于江苏省南京市秦淮区紫云大道9号，成立日期2005年8月12 日，上市日期2014年10月13日，公司主营业务涉及勘察设计、规划研究、试验检测、工程管理等工程咨 询服务。主营业务收入构成为：勘察设计49.75%，低碳及环保业务12.81%，综合检测11.14%，数字及 智慧业务9.99%，规划研究8.72%，项目全过程管理及商业运营6.28%，其他(补充)1.31%。 截至1月20日，华设集团股东户数2. ...

目前公司属于工业行业，主要产品类型为专业咨询服务，2024年报主营构成为勘察设计:53.09%;试验检 测:11.05%;低碳及环保业务:9.73%;数字及智慧业务:9.5%;规划研究:9.38%;EPC:5.7%;其他业务:0.82%;其 他:0.73%。 同壁财经讯，企查查数据显示，根据《湖塘老街环境改造提升工程施工图设计中标结果公告 [A3306030730002576001002]》，华设设计集团股份有限公司于2026年2月24日公告中标绍兴市柯桥区湖 塘街道办事处采购项目，中标金额为229.50万元。 相关上市公司：华设集团(603018.SH) 同壁财经讯，企查查数据显示，根据《湖塘老街环境改造提升工程施工图设计中标结果公告 [A3306030730002576001002]》，华设设计集团股份有限公司于2026年2月24日公告中标绍兴市柯桥区湖 塘街道办事处采购项目，中标金额为229.50万元。 相关上市公司：华设集团(603018.SH) 同壁财经小贴士： 华设集团（603018.SH）2024年营业收入为44.28亿元，营业收入增长率为-17.28%，归属母公司净利润 为3.83亿元，归属母 ...

Group 1 - The company Huasheng Group (603018.SH) won a bid for the Dayi County River and Lake Protection and Smart Water Affairs Center procurement project with a bid amount of 1.2356 million yuan [1][2] - In 2024, the company's operating revenue was 4.428 billion yuan, with a revenue growth rate of -17.28%, and a net profit attributable to the parent company of 383 million yuan, reflecting a net profit growth rate of -45.17% [2][3] - For the first half of 2025, the company's operating revenue was 1.495 billion yuan, with a revenue growth rate of -9.97%, and a net profit attributable to the parent company of 101 million yuan, showing a net profit growth rate of -34.36% [3] Group 2 - The company operates in the industrial sector, primarily providing professional consulting services [2][3] - The main business composition for the 2024 report includes: surveying and design (53.09%), testing and inspection (11.05%), low-carbon and environmental business (9.73%), digital and smart business (9.5%), planning research (9.38%), EPC (5.7%), other businesses (0.82%), and others (0.73%) [2][3]

Investment Rating - The report maintains an "Outperform" rating for the industry, indicating a positive outlook compared to the broader market [3]. Core Insights - The low-altitude economy is poised for significant growth, supported by recent policy initiatives aimed at enhancing communication and navigation infrastructure [6][9]. - The report highlights the importance of integrating new technologies such as AI and big data into the low-altitude industry, which is expected to improve operational efficiency and safety [6][9]. - The government aims for a 90% coverage of ground mobile communication networks for low-altitude public air routes by 2027, indicating strong future demand for related technologies and services [6]. Summary by Sections Policy Developments - Multiple policies have been introduced since 2026 to support the low-altitude economy, including guidelines for establishing a standard system and enhancing infrastructure [8][10]. - The Shanghai and Shenzhen governments have set ambitious targets for the low-altitude economy, including a projected industry scale of 80 billion yuan by 2028 [8][10]. Investment Opportunities - Key companies to watch include: - **Suzhou Planning**: Plans to acquire Dongjin Aviation Technology, which specializes in air traffic management systems [14][16]. - **Brilliant Technology**: Engaged in eVTOL certification processes and has a strong order backlog, indicating robust growth potential [20][22]. - **Deep City Transportation**: Focused on low-altitude design consulting and infrastructure, with projects across multiple cities [24][26]. Market Trends - The number of registered drones in China is expected to reach 2.177 million by 2024, reflecting a 71.8% year-on-year increase, which underscores the rapid growth of the low-altitude sector [10][11]. - The number of general airports has increased to 475, indicating a growing infrastructure to support the low-altitude economy [12].

(新春走基层)浙江创新"文化春运"：服务区变戏台 旅途浸染非遗风 中新网杭州2月10日电(奚金燕 蔡玮珍)春运归途，车流匆匆。在浙江的高速公路服务区内，一幕幕别开 生面的文化场景正温暖上演：戏台锣鼓声起，水袖翩然舞动，千年古韵与现代春运交织成一幅流动的文 化画卷。 今年春运，浙江交通集团高速驿网服务区创新推出"高速上的戏台"系列文化活动，以交旅融合之笔，为 万千司乘的回家路注入了有根有魂的"中国式浪漫"。 一方服务区，不再只是简单的歇脚点，更化身为展示地方特色文化的"微型客厅"。从铿锵激昂的兰溪婺 剧，到婉转缠绵的嵊州越剧，再到高亢古朴的松阳高腔，多种非遗戏曲艺术轮番登场，让短暂停留的旅 途浸润文化馨香。 戏台"快闪"服务区变"文旅驿站" 从服务区到文化驿站，从匆匆路过到沉浸体验，浙江高速上的一方方"戏台"，不仅温暖了春运归途，更 在"流动的中国"里诠释了交通与文旅深度融合所焕发的时代生机，为春运增添了独特的文化温度与情感 联结，成为展示浙江地域文化、提升出行幸福感的新窗口。(完) 非遗"上路"千年古韵焕发新生 作为越剧之乡，浙江嵊州将清雅乡音送上高速——服务区特邀本地越剧艺术学校的学生驻场表演。《梁 祝·十 ...