Core Insights - The company, China Steel International (000928), announced the signing of 31 new project contracts in Q2 2025, amounting to 2.329 billion yuan [1] - Among these contracts, 17 are domestic contracts worth 377 million yuan, while 14 are international contracts valued at 1.952 billion yuan [1] - As of the end of June 2025, the company has a total of 298 signed but uncompleted orders, amounting to 38.926 billion yuan, with 267 of these orders already in effect and worth 21.866 billion yuan, and 31 orders signed but not yet effective, totaling 17.06 billion yuan [1] - The report highlights significant project progress, including the MMK 2.5 million tons coking EPC and the Xishangzhuang supercritical low calorific value coal thermal power EPC [1]

Core Viewpoint - The company, Beifang International, focuses on international engineering business primarily in countries and regions along the "Belt and Road" initiative, and it is currently not involved in the construction of the downstream hydropower station project on the Yarlung Tsangpo River [1] Group 1 - The company's main market for its core business is in countries and regions along the "Belt and Road" [1] - The company will continue to monitor the development dynamics of key infrastructure projects along the "Belt and Road" [1] - The company aims to leverage its advantages to actively assess potential opportunities [1] Group 2 - The company commits to fulfilling its information disclosure obligations in accordance with laws and regulations [1]

Group 1 - The company disclosed its second quarter operational performance for 2025, ensuring the accuracy and completeness of the information provided [1][3] - The announcement includes an overview of the company's contract situation and significant project updates for the second quarter of 2025 [1] - The data presented is preliminary and unaudited, indicating potential discrepancies with future regular reports [1]

Group 1 - As of July 29, China Railway Construction Corporation (CRCC) shares closed at 8.18 yuan, down 0.04 yuan or 0.49% from the previous trading day [1] - The trading volume on that day was 631,310 hands, with a total transaction amount of 5.16 billion yuan [1] - CRCC is one of the largest engineering contractors in China, involved in infrastructure construction including railways, highways, municipal projects, and housing [1] Group 2 - Recently, CRCC has actively participated in disaster relief efforts in multiple regions, mobilizing 420 personnel and over 30 pieces of equipment for railway foundation rescue in Hebei and Beijing [1] - On July 28, the main bridge of the Anhui section of the Huning-Gao high-speed railway, constructed by CRCC's Bridge Bureau, successfully completed its closure [1] - On July 29, the net outflow of main funds for CRCC was 20.04 million yuan, accounting for 0.02% of its circulating market value [1]

Group 1 - The stock price of China Wuyi closed at 2.80 yuan on July 29, down 0.01 yuan, a decrease of 0.36% from the previous trading day [1] - The trading volume on that day was 197,148 hands, with a total transaction amount of 55 million yuan [1] - China Wuyi's main business includes real estate development and international engineering contracting [1] Group 2 - The latest announcement from the company indicates that in the second quarter of 2025, it won 2 new international engineering contracts, totaling 268 million yuan [1] - As of June 30, the company had a total of 61 uncompleted international engineering orders, with an unfinished amount of 9.571 billion yuan [1] - On July 29, data showed that the net outflow of main funds for China Wuyi was 2.6925 million yuan, accounting for 0.06% of the circulating market value [1]

Group 1 - The core point of the article is that Northern International (000065.SZ) reported a total of $387 million in new project contracts signed in the second quarter of 2025 for its engineering business [1]

A 股简称：中国中冶 A 股代码：601618 公告编号：临 2025-039 | 细分行业 | 年 2025 | 月 4-6 | 2025 | 年上半年累计 | | | --- | --- | --- | --- | --- | --- | | | 新签项目 | 新签合同额 | 新签项目 | 新签合同额 | 同比增 | | | 数量（个） | （亿元） | 数量（个） | （亿元） | 减 | | 冶金工程与运营 服务 | 557 | 626.8 | 1,292 | 939.5 | -7.8% | | 房屋建筑工程 | 399 | 1,142.0 | 845 | 2,064.8 | -33.8% | | 市政与基础设施 工程 | 209 | 597.3 | 500 | 954.1 | -6.3% | | 工业制造业及其 他工程 | 184 | 576.5 | 412 | 1,067.4 | -1.6% | | 总计 | 1,349 | 2,942.6 | 3,049 | 5,025.8 | -19.5% | 截至 2025 年 6 月 30 日，本公司无已签订尚未执行的重大项目。以上经营数据 为初步统计数据 ...

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。 （上 市 債 務 證 券 代 號：40686、40687和84570） 2025年第二季度主要經營數據公告 本 公 告 乃 中 國 鐵 建 股 份 有 限 公 司（「本公司」）根 據 香 港 法 例 第571章證券 及期貨條例第XIVA部及香港聯合交易所有限公司證券上市規則第13.09 條及第13.10B條 而 作 出。 現將本公司2025年第二季度主要經營情況公佈如下，供各位投資者參閱。 – 1 – | | 地區分佈 | | 新簽合同額 | 同比增減 | | --- | --- | --- | --- | --- | | | | （億 元 | 人 民 幣） | | | 境 | 內 | | 9,420.752 | -8.37% | | 境 | 外 | | 1,140.944 | 57.43% | | 合 | 計 | | 10,561.6 ...

Core Viewpoint - CITIC Securities expresses optimism regarding sectors related to foundation treatment, civil explosives, cement, and engineering contracting due to the significant investment in the Yarlung Tsangpo River downstream hydropower project, which totals approximately 1.2 trillion yuan [1]. Group 1 - The Yarlung Tsangpo River downstream hydropower project has a total investment of about 1.2 trillion yuan, indicating a substantial financial commitment [1]. - The project is characterized by unprecedented scale and high technical barriers, suggesting a strong potential for growth in related industries [1]. - The demand in multiple segments of construction and building materials is expected to experience high elasticity growth as a result of this project [1].

Group 1: International Engineering Business - In Q2 2025, the company signed 3 significant contracts in its international engineering business, with a total contract value of $428 million, including projects in Kazakhstan, Ethiopia, and Nigeria [1] - In the first half of 2025, the company signed a total of 10 significant contracts in its international engineering business, amounting to $1.126 billion, with a contract value of $973 million for effective contracts, representing a year-on-year increase of 36.66% [1] - As of the end of June 2025, the company had 39 ongoing projects in its international engineering business, with a backlog of contracts valued at $9.545 billion [1] Group 2: Domestic Engineering and Consulting Business - In Q2 2025, the company signed contracts worth 1.7 billion yuan in its domestic engineering contracting business, including projects in high-altitude regions and scenic area equipment updates [2] - The company signed contracts worth 749 million yuan in its consulting and design business in Q2 2025, covering various projects including agricultural technology and hospital construction [2] - In the first half of 2025, the company’s total new contract value reached $2.139 billion, reflecting a year-on-year growth of 33.35% [2]