Core Viewpoint - China Communications Construction Company (CCCC) experienced a decline in stock price, dropping over 5% to HKD 5.3, with a trading volume of HKD 136 million [1] Financial Performance - The company reported a revenue of CNY 335.45 billion for the first half of 2025, representing a year-on-year decrease of 5.78% [1] - The profit attributable to the parent company was CNY 9.99 billion, down 16.9% year-on-year [1] - No interim dividend was declared [1] Contractual Activity - New contract value reached CNY 991.05 billion, showing a year-on-year growth of 3.1% [1] - The new contracts in emerging business sectors amounted to CNY 320.26 billion, accounting for approximately 32% of the total new contracts [1] Market Analysis - Guosheng Securities indicated that the decline in performance was primarily due to a slowdown in domestic project execution and a decrease in gross profit margin [1]

Core Viewpoint - The company has triggered the conditional redemption clause for its convertible bonds "交建转债" due to the stock price exceeding 130% of the conversion price for fifteen consecutive trading days, leading to a decision for early redemption [2][5][6]. Summary by Sections Convertible Bond Issuance Overview - The company issued convertible bonds totaling RMB 850 million, with a face value of RMB 100 per bond, approved by the China Securities Regulatory Commission [2][3]. - The bonds were listed on October 16, 2020, under the code "128132" [3]. Conversion Period and Price Adjustments - The conversion period for the bonds is from March 22, 2021, to September 14, 2026, with an initial conversion price of RMB 18.57 per share [3]. - The conversion price has been adjusted multiple times, with the latest adjustment setting it at RMB 10.00 per share effective June 25, 2025 [4][5]. Conditional Redemption Clause - The company can redeem the bonds if the stock price remains above 130% of the conversion price for at least fifteen trading days or if the unconverted bond balance falls below RMB 30 million [6][7]. - The redemption price is set at RMB 100.044 per bond, including accrued interest [7]. Redemption Implementation Arrangements - The redemption will occur on September 23, 2025, with funds transferred to bondholders' accounts on September 30, 2025 [8]. - After redemption, the bonds will be delisted from the Shenzhen Stock Exchange [8]. Shareholder Trading Activity - The company confirmed that major shareholders and executives did not trade the bonds in the six months leading up to the redemption conditions being met [8].

Meeting Information - The company will hold its second extraordinary general meeting of shareholders in 2025 on September 15, 2025, at 15:00 [1] - The meeting will include both on-site and online voting options for shareholders [2] Voting Procedures - Shareholders can choose between on-site voting and online voting, with online voting available through the Shenzhen Stock Exchange trading system and internet voting system [2][5] - Shareholders must register for the meeting with appropriate identification and documentation [4][5] Agenda Items - The meeting will review proposals, including a significant proposal regarding the company's joint investment with related parties to establish a project company [4]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國交通建設股份有限公司 CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份代號：1800） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而發表。 以 下 為 中 國 交 通 建 設 股 份 有 限 公 司 於 上 海 證 券 交 易 所 網 站 刊 發 的《中 國 交 通 建 設 股份有限公司2025年 半 年 度 報 告 摘 要》。 承董事會命 中國交通建設股份有限公司 劉正昶 俞京京 董事會秘書 公司秘書 中國北京，2025年8月29日 於本公告日期，本公司董事為宋海良、張炳南、劉翔、劉輝 # 、陳永德 # 、武廣齊 # 及 周孝文 # 。 # 獨立非執行董事 中国交通建设股份有限公司2025 年半年度报告摘要 公司代码：601800 公司简称：中国交建 中国交通建设 ...

Core Viewpoint - China Communications Construction Company (01800.HK) reported a decline in revenue and profit for the six months ending June 30, 2025, compared to the same period in 2024, indicating potential challenges in the company's financial performance [1]. Financial Performance - The company's revenue for the six months was 335.45 billion yuan, a decrease of 20.56 billion yuan or 5.8% from 356.01 billion yuan in 2024 [1]. - Gross profit was 35.76 billion yuan, down 5.83 billion yuan or 14.0% from 41.60 billion yuan in 2024 [1]. - Net profit attributable to shareholders was 9.99 billion yuan, a reduction of 2.03 billion yuan or 16.9% from 12.02 billion yuan in 2024 [1]. - Basic earnings per share were 0.58 yuan, compared to 0.70 yuan in the same period of 2024 [1]. Contractual Activity - The total value of new contracts signed by the company was 991.05 billion yuan, an increase of 30.87 billion yuan or 3.1% from 960.87 billion yuan in 2024 [1]. - As of June 30, 2025, the company held an unexecuted contract amount of 3,428.99 billion yuan [1].

Group 1 - The company emphasizes innovation as a key development strategy, focusing on digital transformation and technological innovation [1] - The company leverages digital and intelligent technologies to enhance transportation infrastructure, promoting the construction of smart roads and smart parks [1] - The company is actively involved in the development and utilization of intelligent equipment [1]

Core Points - Mozambique government signed a strategic cooperation agreement worth $20 billion with Qatar-based Al Mansour Holding to promote development in key economic and social sectors [1] - The agreement covers multiple sectors including agriculture, livestock, fisheries, oil and gas, renewable energy, infrastructure, logistics, social housing, and healthcare [1] - Investments will also be made in tourism and social sectors, including the construction of schools, hotels, resorts, and sustainable coastal projects [1] Group 1 - The agreement emphasizes the partnership spirit and historical significance of cooperation between Mozambique and Qatar [1] - Sheikh Mansour Bin Jabor Bin Jassim Al Thani highlighted the importance of transforming natural resources and talent into development engines for future generations [1] - The focus of the development is on creating jobs, empowering youth, and enhancing community cohesion rather than short-term profits [1] Group 2 - The collaboration is framed as a community effort, calling for Africa and the Middle East to work together towards innovation and shared prosperity [1]

Core Insights - The Chengdu-Chongqing economic circle has achieved significant economic growth, with a total economic output exceeding 8.7 trillion yuan, and both provinces are expected to reach a GDP of 10 trillion yuan this year [6][7]. Economic Development - The construction of important economic centers has made new progress, optimizing regional economic layout, with the economic total of the dual-city economic circle increasing by 0.2 percentage points in its share of the national economy [7]. - The automotive and electronic information industries are among the four trillion-yuan industrial clusters being developed [7]. Technological Innovation - The establishment of a technological innovation center has progressed, with 257 key R&D projects implemented and over 14,000 large scientific research instruments shared [8]. - The Chengdu-Chongqing area has become a national model for cross-regional collaborative innovation [8]. Financial Development - The financial center in the western region has seen significant growth, with over 3,000 financial institutions and more than 250 listed companies in the area [8]. - The loan balance in the two provinces has reached 17.8 trillion yuan, marking a 57% increase since the beginning of the 14th Five-Year Plan [8]. Reform and Opening Up - A new highland for reform and opening up has been established, with 197 reform measures implemented and 17 innovative market integration reforms promoted nationwide [8]. - The total import and export volume of the two provinces has exceeded 1.7 trillion yuan [8]. Cultural and Tourism Development - The construction of the Bashu cultural tourism corridor has become a new landmark for regional tourism consumption, with over 1 billion mutual visits between tourists from both provinces annually [9]. - The two provinces aim to receive over 1.5 billion tourists in 2024, with 71 premium tourism routes developed [9]. Quality of Life Improvements - The quality of life in the western region has improved, with 355 "Chuan-Yu Tongban" service items launched, handling over 20,000 inquiries daily [9].

Core Viewpoint - Wuhan is actively enhancing its role as an international logistics hub and promoting regional coordinated development through various transportation and trade initiatives [3][4][6]. Group 1: Transportation Infrastructure Development - The Wuhan Urban Circle Ring Expressway has achieved full connectivity, marking significant progress in transportation infrastructure [3][10]. - Wuhan has been approved as the second city in China to build a "five-type" national logistics hub, enhancing its logistics capabilities [5][6]. - The city has established a multi-modal transport system, including 65 international routes from Tianhe and Huahu airports, 33 direct shipping routes from Wuhan Port, and 58 international routes for the China-Europe Railway Express [6]. Group 2: Foreign Trade and Economic Cooperation - The city is promoting "group overseas" initiatives to help small and medium-sized foreign trade enterprises connect with international clients, resulting in over 1,200 client connections and more than $100 million in trade intentions [7][8]. - The establishment of the Changjiang International Trade Cross-Border E-commerce Industrial Park has attracted 128 registered companies, providing comprehensive services for outbound enterprises [8][9]. - The city has organized multiple trade delegations to various countries, facilitating direct communication between local businesses and international markets [8]. Group 3: Regional Coordination and Development - Wuhan is focusing on collaborative development with surrounding cities, enhancing resource sharing in healthcare and education, and promoting a more livable urban environment [11]. - The city is working on integrating planning across administrative boundaries to optimize resource allocation and foster industrial collaboration [11].

Group 1 - The company will hold a "2025 Semi-Annual Performance Briefing" on September 2, 2025, from 11:00 AM to 12:00 PM [1][2] - The briefing will be conducted in an interactive online format, allowing domestic and international investors to engage and ask questions [2] - Investors can submit questions from August 30 to September 1, 2025, through the Shanghai Stock Exchange Roadshow Center website or via email [1][2] Group 2 - The briefing aims to provide insights into the company's operational results, financial status, and future business outlook [2] - Senior management and relevant department heads will participate in the briefing to address investor inquiries [2] - Contact information for inquiries includes representatives Xu Nan and Zhao Yang, with a provided email address for further communication [3]