甘肃工程咨询集团股份有限公司 投资者关系活动记录表 编号：2025-001 | 投资者关系活动类别 | □分析师会议 | □特定对象调研 | | --- | --- | --- | | | □媒体采访  业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □现场参观 | | | | □其他（请文字说明其他活动内容） | | | 活动参与人员 | 董事长：张佩峰；独立董事：惠全红；财务总监：赵登峰； | | | | 董事会秘书：柳雷 | | | 时间 | 2025 年 5 月 26 日 | | | 地点 | 公司会议室 | | | 形式 | 网上业绩说明会 | | | | 问题一：张董事长您好！作为公司小股东，我有两个问题 | | | | 想请问张总。一是请问贵司作为甘肃省属国企上市公司， | | | | 对于公司目前的市值和股票价格是否满意？在目前国家 | | | | LPR 普遍下行且大力提倡回购贷的情况下，今后是否会有 | | | | 注销回购或激励等工作打算？二是公司如何看待国家最 | | | | 新的上市公司并购工作松绑审核信号，作为省属国企，针 | | | | 对目前基建、设计等 ...

Core Insights - The China Western International Expo (CWIE) showcases the achievements of the western development strategy, highlighting the growth and contributions of the western regions of China [2][3] - The exhibition features over 100 photos and charts, divided into three main sections: Prologue, Beautiful West: Thousands of Sceneries, and Conclusion [3] - The "Beautiful West: Thousands of Sceneries" section is further divided into six parts, focusing on ecological improvements, economic vitality, openness, infrastructure, livelihood enhancements, and cooperation [3] Summary by Sections Prologue - The CWIE serves as a platform for investment promotion, trade cooperation, and diplomatic services, contributing to the success of the western development strategy [3] Beautiful West: Thousands of Sceneries - This section illustrates the achievements in ecological civilization, high-quality economic development, foreign openness, infrastructure construction, and improvements in people's livelihoods since the implementation of the western development strategy [3] Conclusion - The western region of China occupies over 70% of the country's area and nearly 30% of its population, playing a crucial role in national reform and development [3] - Since its inception in 2000, the CWIE has become the largest and most influential open cooperation exhibition platform in the western region, supported by central government initiatives and collaboration among 12 provinces [3] Data Highlights - The first nineteen CWIEs attracted over 100 countries and regions, with more than 1210 participations, 68,000 enterprises, and 580,000 attendees [4] - The total exhibition area reached 2.46 million square meters, resulting in over 13,000 signed investment cooperation projects, continuously injecting new momentum into western development [4]

重庆市发展改革委副主任凌健表示，推动香港的生产性服务业与重庆乃至西部地区的先进制造业和现代 服务业有机融合，加强经贸、金融、物流等领域合作，必将释放经济增长新动能。 2018年建立川港合作会议机制，2023年成立渝港合作会议机制，2024年签署深化陕港交流合作协议…… 香港参与西部大开发的脚步还在提速，合作范围也从经贸拓展至人文交流等更多领域。香港微型艺术 展、"香港厨房@陕西"等活动在陕西陆续举行，渝港澳三地电影、音乐、书法等文学艺术活动举办，香 港位列重庆入境游客来源地首位…… "国家正在推动产业链、创新链、人才链和资金链的深度融合。香港作为国际科创中心和高端人才聚集 地，希望与内地更多地区加强合作，共同开拓全球市场，实现互利共赢。"钟永喜说。 今年西洽会上，香港首次成为主宾城。在设置主题展馆的同时，还举行了多个渝港创新合作专题活动； 两地成功签约金融服务、资本合作、金融科技等领域7个项目。 香港特区政府商务及经济发展局局长丘应桦说，香港作为国家双循环连接平台，积极担当"超级联系 人"和"超级增值人"的角色，是内地企业"走出去"和把海外企业"引进来"的双向跳板；西洽会则是国家 在西部地区的重要贸易合作和投 ...

Core Viewpoint - The 20th China Western International Expo (West Expo) is set to take place from May 25 to 29 in Chengdu, Sichuan, showcasing the region's development potential and attracting global investment opportunities [5][11]. Investment Attraction - Over the past 19 editions of the West Expo, more than 100 countries and regions have participated, with over 58 million attendees and 1.3 million investment cooperation projects signed [5][9]. - Major global companies, such as Siemens and Airbus, are expanding their operations in Western China, indicating a growing interest from international investors [6][7]. - The region's economic growth has outpaced the national average since the implementation of the Western Development Strategy, with a total economic increase of over 14 times from 2000 to 2024 [9][10]. Economic Drivers - The Western region is transitioning from a focus on infrastructure to high-quality development, with significant investments in new industries such as artificial intelligence and biotechnology [5][10]. - The establishment of logistics corridors, such as the China-Laos Railway and the New Western Land-Sea Corridor, has enhanced trade capabilities, with a 14.4% year-on-year increase in railway import and export value in 2024 [12][13]. - The Chengdu-Chongqing economic circle is promoting investment projects totaling over 1.1 trillion yuan, showcasing the region's industrial upgrade and investment potential [12][13]. Market Activity - The Western region is becoming a key growth area in China's economy, with six out of the top ten provinces in GDP growth located in this area [16]. - The West Expo is expected to feature over 2,000 investment cooperation projects with a total investment amount exceeding 3 trillion yuan, highlighting the region's attractiveness to global investors [17][18]. - The event will also host the 15th China Western International Procurement Conference, inviting representatives from various countries to enhance business connections [18].

Group 1 - Xi Jinping emphasized the importance of stabilizing employment, enterprises, markets, and expectations to respond to uncertainties with high-quality development [1][2] - The focus is on developing new productive forces tailored to local conditions, particularly through technological innovation in agriculture, food, new materials, and ecological restoration [2] - There is a commitment to enhancing social governance mechanisms and strengthening the Party's leadership in new economic and social organizations [2][3] Group 2 - The government aims to improve grassroots governance by integrating resources and services, ensuring effective social governance at all levels [2][3] - Measures will be taken to address water supply and irrigation needs in response to drought conditions, including a daily scheduling and weekly consultation mechanism for water resource management [3]

Group 1 - The core viewpoint of the articles highlights the story of An Zhongxu, a South Korean hairdresser who has settled in Urumqi, Xinjiang, showcasing the openness and inclusivity of the region, which has allowed him to thrive both personally and professionally [1][2] - An Zhongxu has established two hair salons in Urumqi, starting from a small 30-square-meter shop, and has become a well-known figure in the local hairdressing industry [1] - His salon serves as an important community hub, offering free haircuts to seniors over 65, a practice that has benefited over a thousand elderly individuals [1][2] Group 2 - An Zhongxu's integration into the local culture is evident as he enjoys local cuisine and actively participates in community events, demonstrating a strong connection to the region [2] - He has witnessed significant urban development in Xinjiang, including the construction of subways and high-speed rail, contributing to the formation of a "five-hour economic circle" among cities [2] - His story reflects the experiences of many foreigners in Xinjiang, with his narrative being shared back in South Korea, helping to dispel misconceptions about the region [2]

Investment Rating - The industry rating is maintained as "Outperform the Market" [5] Core Viewpoints - The construction materials sector is expected to gradually recover due to policy support and improving fundamentals, with a focus on opportunities in the civil explosives sector [2][3] - Recent data shows a 13.95% year-on-year increase in the sales area of commercial housing in 30 major cities, indicating a potential recovery in the real estate market [2][15] - The cement sector has experienced a recent price correction, primarily due to underwhelming price performance in April, but there is a consensus on maintaining ecological balance, which may lead to improved supply coordination [2][17] Summary by Sections Market Review - From May 6 to May 9, the CSI 300 index rose by 2.00%, while the construction materials sector (CITIC) increased by 2.83% [12] - Notable stock performances included Jingang Photovoltaic (+31.1%) and Haomei New Materials (+19.3%) [12] Recent Tracking of Key Sub-sectors - Cement: National cement market prices fell by 1.2% week-on-week, with average shipment rates around 48% [17] - Glass: The price of photovoltaic glass remained stable, while float glass prices decreased slightly [17] - Fiberglass: Prices for non-alkali yarn remained stable, with production capacity holding steady [18] Focus on Key Recommendations - Recommended stocks include China National Materials, Gaozheng Civil Explosives, Sankeshu, Western Cement, Huaxin Cement, and China Resources Cement Technology [4][18] - The civil explosives industry is expected to benefit from policies like the Western Development and the Belt and Road Initiative, with a projected increase in demand [3][18]

过去四个交易日（0506-0509 ）沪深 300 涨 2.00% ，建材（中信）涨 2.83%，其他专用材料、其他结构材料等子行业涨幅居前。个股中，金刚光 伏（+31.1% ），豪美新材（+19.3% ），北京利尔（+17.4% ），四通股份 （+16.3%），华立股份（+14.0%），涨幅居前。上周我们重点推荐组合的表 现：中材科技（+5.8%）、 三棵树(-1.5%)、西部水泥（-5.1%）、华新水泥 （+1.2%）、华润建材科技（+0.6%）、高争民爆(+2.4%)。 行业报告 | 行业研究周报 建筑材料 证券研究报告 政策协同发力，基本面有望逐步恢复，关注民爆机会 行情回顾 中材科技、高争民爆、三棵树、西部水泥、华新水泥、华润建材科技 政策协同发力，基本面有望逐步恢复，关注民爆机会 据 Wind，0503-0509 一周，30 个大中城市商品房销售面积 137.28 万平 米，同比+13.95%。上周国新办举行新闻发布会，会上一行两局宣布降准、 降息及稳楼市等措施，其中包括降准 0.5 个百分点、下调政策利率 0.1 个 百分点及降低个人住房公积金贷款利率 0.25 个百分点等。此前我们在周报 中曾 ...

Core Viewpoint - The company is facing significant challenges in 2024, with a substantial decline in revenue and net profit due to the downturn in the real estate and infrastructure sectors in Chongqing, leading to decreased demand for ready-mixed concrete and increased market competition [6][22]. Group 1: Meeting Details - The annual shareholders' meeting is scheduled for May 20, 2025, at 14:00 in Chongqing [5]. - The meeting will include both on-site and online voting methods [5]. - Participants will include shareholders, representatives, directors, supervisors, senior management, and invited intermediaries [5]. Group 2: Financial Performance - The company reported a revenue of 1.41 billion yuan in 2024, a decrease of 28.93% compared to the previous year [18]. - The net profit attributable to shareholders was -164 million yuan, marking a significant decline of 1,365.90% year-on-year [18]. - The company faced increased credit impairment losses due to liquidity issues among downstream real estate developers [6][18]. Group 3: Industry Context - The real estate sector in Chongqing saw a 27.5% decline in new construction area in 2024, contributing to a 25.45% drop in the overall sales volume of ready-mixed concrete [22]. - The average price of ready-mixed concrete (C30 specification) in Chongqing fell by 17.5 yuan per cubic meter in 2024 [22]. - The industry is undergoing deep adjustments, with intense competition leading to continuous price declines [6]. Group 4: Governance and Future Plans - The company plans to focus on stabilizing its cash flow and exploring opportunities for transformation and upgrading in response to market conditions [9][11]. - The board of directors and supervisory committee are committed to maintaining compliance with governance standards and protecting shareholder interests [9][14]. - The company aims to enhance its internal control systems and ensure compliance with information disclosure regulations [10][11].

Core Insights - Shangmei Smart Hotel Group has initiated a strategic partnership with various cultural and tourism sectors in Gansu, marking a significant milestone in its expansion in the northwest region of China [1] - The recovery of tourism demand has led to a surge in hotel accommodation needs in the northwest, with over 40 million visitors and a spending of over 22 billion yuan during the 2025 Spring Festival [2] - The northwest region is seen as a hotbed for investment due to favorable rental conditions and government policies supporting the hotel industry [2] Group 1: Shangmei Smart Hotel Group's Expansion - Shangmei Smart Hotel Group has established over 700 hotels in the northwest region by March 31, 2025, with 142 located in Gansu [2][3] - The group aims to play a dual role as an "investment model innovator" and "industry upgrade enabler" to capture value in the northwest hotel market [3] Group 2: Competitors in the Northwest Market - Major hotel groups like Jinjiang and Huazhu have also expanded in Gansu, with over 500 hotels opened collectively by these three groups [4][5] - Jinjiang has over 200 hotels in Gansu and nearly 300 signed contracts, while Huazhu's main brands have a significant presence in the region [5][6] Group 3: Market Dynamics and Future Outlook - The northwest hotel market is entering a new competitive phase, with various hotel groups vying for market share [7] - The region's vast potential and low hotel chain penetration make it an attractive target for expansion, with several groups already establishing a presence [9][10] - The competition is expected to intensify as major players like Jinjiang, Huazhu, and Shangmei Smart Hotel Group continue to expand their footprints in the region [11][12]