截至发稿，中色股份市值为124亿元。 每经头条（nbdtoutiao）——新能源重卡爆单了，11月销量同比增长178%！两班倒都供不应求，客户直 接进厂催单，这情景十年难遇 （记者 曾健辉） 每经AI快讯，中色股份（SZ 000758，收盘价：6.23元）12月22日晚间发布公告称，公司第十届第14次 董事会会议于2025年12月19日在北京市朝阳区安定路10号中国有色大厦1622会议室以现场加通讯方式召 开。会议审议了《关于全资子公司收购Raura公司股权涉及矿业权投资的议案》。 2025年1至6月份，中色股份的营业收入构成为：承包工程占比58.5%，有色金属采选与冶炼业占比 38.03%，装备制造占比2.62%，其他行业占比0.84%。 ...

近年来，面对全球经济增速放缓、地缘政治冲突不断的国际环境现状，全省工程企业克服困难、主 动作为，深耕传统市场、开拓新兴领域，坚持合规性经营和属地化管理，积极践行可持续发展和社会责 任理念，海外业务规模持续稳步增长，展现出较强的适应能力与国际竞争实力。（记者 彭园园） 蚌埠市国际经济技术合作有限公司是一家综合性对外贸易及项目承包企业，在安哥拉、几内亚、津 巴布韦、巴西、英国等国家及地区设立海外分支机构，业务覆盖油田服务、社会住房和建筑、铁路、公 路、基础设施、水处理等。安徽建工集团是安徽省属国有大型建筑施工企业，在海外市场拥有深厚的积 淀和丰富的经验，曾参与赤道几内亚石油部大楼、康斯坦丁大学城工程、赤道几内亚六国议会中心等工 程项目建设。 不久前，2025年度美国《工程新闻记录》（ENR）"全球最大250家国际承包商"榜单发布。此榜单 被视为全球工程行业最具权威性的排名榜单之一，主要依据企业海外工程业务收入排名，体现企业在全 球工程行业的技术实力和市场地位。此次共有76家中国内地企业入围，其中，我省蚌埠市国际经济技术 合作有限公司、安徽建工集团股份有限公司2家企业分列2025"全球最大250家国际承包商"第22 ...

Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to initiate a share repurchase program of up to 2.5 billion yuan to stabilize market sentiment following a significant drop in stock price due to a major asset sale announcement [2][6]. Group 1: Share Repurchase Plan - The company announced a plan to repurchase A-shares worth no less than 1 billion yuan and no more than 2 billion yuan, with H-shares repurchase capped at 500 million yuan [2][10]. - The repurchase price for A-shares will not exceed 4.90 yuan per share, with a total repurchase quantity estimated between 200 million to 400 million shares, representing approximately 0.98% to 1.97% of the company's total share capital [10][11]. - The funding for the repurchase will come from the company's own funds, with the total repurchase amount accounting for only 0.25% of total assets, 1.31% of net assets attributable to shareholders, and 3.81% of cash funds [12]. Group 2: Background of Asset Sale - The repurchase plan follows a major asset sale announcement on December 8, where China MCC intends to sell multiple assets for 60.676 billion yuan to its controlling shareholder, China Minmetals, and related parties [6]. - The assets being sold include 100% equity of MCC Real Estate and various other significant assets, with the aim of focusing on core business areas such as metallurgical engineering and non-ferrous metal mining [6][7]. - The evaluation of the assets showed a stark contrast, with MCC Real Estate experiencing a 45.18% impairment, while mining-related assets like Huaye Duda saw a substantial appreciation of 789.57% [6]. Group 3: Market Reaction - Following the asset sale announcement, China MCC's stock price plummeted, with A-shares hitting the daily limit down and Hong Kong shares dropping by 21% [8]. - Investors expressed concerns that the divestiture of high-value mining resources could fundamentally alter the company's business structure, shifting its identity from a resource-based enterprise to a primarily engineering contracting firm, potentially impacting long-term profitability [7].

Core Viewpoint - China Metallurgical Group Corporation (China MCC) plans to initiate a share repurchase program of up to 2.5 billion yuan to stabilize market sentiment following a significant drop in stock price due to a major asset sale announcement [2][4]. Group 1: Share Repurchase Plan - The company announced a share repurchase plan involving a maximum of 2.5 billion yuan, with A-shares repurchase amounting to no less than 1 billion yuan and no more than 2 billion yuan, while H-shares will not exceed 500 million yuan [2][6]. - The repurchased shares will be used for cancellation and reduction of the company's registered capital [2]. - The repurchase price for A-shares is capped at 4.90 yuan per share, with a repurchase period of 12 months from the approval date by the shareholders' meeting [6][9]. Group 2: Asset Sale Background - The repurchase plan follows a major asset sale announcement on December 8, where China MCC plans to sell assets worth 60.676 billion yuan to its controlling shareholder, China Minmetals, and related parties [4]. - The assets involved include 100% equity of MCC Real Estate and various other significant assets, with the aim to focus on core business areas such as metallurgical engineering and mining [4][5]. - The evaluation of the assets showed a stark contrast, with MCC Real Estate experiencing a 45.18% impairment, while mining-related assets like Huaye Duda saw a substantial appreciation of 789.57% [4]. Group 3: Market Reaction and Future Outlook - Following the asset sale announcement, China MCC's stock price plummeted, with A-shares hitting the daily limit down and Hong Kong shares dropping by 21% [5]. - Investors are concerned that the divestiture of high-value mineral resources will fundamentally alter the company's business structure, potentially transforming it from a resource-based enterprise to a primarily engineering contracting company, which may impact long-term profitability [5]. - The company reported a total asset value of 808.016 billion yuan and a net asset value of 153.043 billion yuan as of December 31, 2024, indicating that the repurchase will have a minimal impact on its financial health [9].

二、抵制低价中标，共同营造良好市场环境 在部分项目投标中，存在非理性压价和恶性竞争现象，个别企业以明显低于合理成本的报价参与竞争， 短期内虽可能中标，但往往带来履约困难、工程质量隐患和长期经营风险，甚至损害中资企业整体声 誉。为此倡议： 1.不以低于成本价的方式参与竞争，坚决不投亏损标。 近日，东帝汶中资企业协会在官方公众号发布《关于工程承包领域合规经营和理性竞标的风险提示与倡 议》，全文如下： 当前，东帝汶经济社会发展和基础设施建设持续加快，工程承包项目数量不断增加，市场参与主体日益 多元。与此同时，投标和项目运作过程中出现了一些不规范现象和潜在风险，给企业合规经营和稳健发 展带来了隐患。 为提醒在东帝汶从事工程承包和基础设施建设的中资企业增强风险防范意识，审慎参与市场竞争，共同 维护良好行业秩序，东帝汶中资企业协会结合近期市场情况，提出以下风险提示与倡议： 一、谨慎接触"中介""掮客"，防范经营风险 近期，在东帝汶市场活动的所谓"中介""掮客"数量增多，部分人员以"有内部渠道""可提前获取项目信 息""可操作中标结果"等为噱头招揽企业合作，其真实身份、资质背景及合法性往往难以核实，存在较 大风险隐患。协会 ...

Core Viewpoint - China Railway Construction Corporation (CRCC) is adapting to a challenging domestic environment by focusing on cost reduction and enhancing operational efficiency while experiencing significant growth in overseas orders [4][29]. Financial Performance - In the first three quarters of 2025, CRCC reported a revenue of 728.4 billion yuan, a decrease of 3.9% year-on-year, and a total profit of 204.6 billion yuan, down 13.9% [6]. - The net profit attributable to shareholders only slightly decreased by 5.6% to 148.1 billion yuan, with a notable 8.3% increase in net profit for the third quarter [8][10]. - The company has successfully reduced sales and management expenses by 8.5% and 9.7% respectively in the first half of 2025, demonstrating effective cost control [10]. Business Segments - Engineering contracting remains the core business, contributing over 85% of total revenue, with a revenue of 4,346 billion yuan and a gross margin of 7.4% in the first half of 2025 [12][13]. - The overseas business has seen a remarkable increase, with new contracts signed amounting to 204.8 billion yuan, a 94.5% year-on-year growth, indicating a successful expansion into international markets [15][16]. Real Estate and Manufacturing - The real estate sector is currently a pain point for the company, with a significant revenue drop of 34.2% in the first half of 2025, and a gross margin that fell to 9.7% [18][19]. - In contrast, the industrial manufacturing segment is thriving, with a revenue of 118.3 billion yuan, a 5.3% increase, and a high gross margin of 21.2% [20][22]. Cash Flow and Dividends - The company faced a net cash outflow of 797.6 billion yuan from operating activities in the first three quarters of 2025, although this was an improvement from the previous year [23]. - Despite fluctuations in performance, CRCC has maintained stable dividend payouts, providing a sense of security for investors [24]. Future Outlook - The company is positioned to benefit from a significant increase in overseas orders, which could become a crucial growth driver in the coming years [27]. - The focus on cost reduction and efficiency improvements, alongside high-margin segments like industrial manufacturing, suggests a resilient operational strategy [29].

以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 最新公告列表 《海外监管公告 - 2025年1-11月新签合同情况简报》 截至2025年12月16日收盘，中国中冶（01618）报收于1.83元，较前一交易日下跌1.08%，该股当日开盘 1.84元，最高1.85元，最低1.8元，成交额达8758.53万元。近52周最高3.17元，最低1.31元。 近日，中国冶金科工股份有限公司发布2025年1-11月新签合同情况简报。公告显示，2025年1-11月，公 司累计新签合同额人民币9,581.3亿元，较上年同期下降8.6%；其中新签海外合同额人民币750.0亿元， 同比增长0.4%。2025年11月，公司新签单笔合同金额超过10亿元的重大工程承包合同共7项，合计金额 约150.3亿元，涵盖城市更新、绿色能源、矿产开发、医疗建设等领域，合同主体包括中国一冶、中冶 京诚、中国三冶、中国十九冶、中冶国际、上海宝冶和中冶建工等下属企业。上述数据为阶段性经营数 据，最终以定期报告披露为准。 ...

Group 1: Central State-Owned Enterprises (SOEs) Restructuring - China Metallurgical Group is divesting non-core assets worth approximately RMB 606.76 billion to refocus on its core engineering business[8] - The merger between Haiguang Information and Zhongke Shuguang was terminated due to market volatility, maintaining independent operations[14] - Hubei's state-owned assets have acquired around 15 listed companies, with over 50% of these being newly added through mergers in the past five years[16] Group 2: Asset Activation Strategies - The "14th Five-Year Plan" emphasizes asset activation as part of industrial upgrading strategies across various provinces[22] - Sichuan has introduced a three-year action plan to support enterprises in listing and mergers, focusing on a full lifecycle service[26] - Hubei's mergers are strategically aligned with the "51020" modern industrial cluster, targeting sectors like new energy and high-end equipment manufacturing[18] Group 3: Market Performance of Central SOEs - As of December 12, 2025, the total market capitalization of A-share listed central SOEs is RMB 35.1 trillion, accounting for 30.3% of the A-share market[32] - The National New SOE small-cap index has risen by 2.5% over the past two weeks, outperforming the Shanghai and Shenzhen 300 index by 1.3 percentage points[32] - The average price-to-earnings (P/E) ratio for central SOEs is 45.1 times, which is relatively high compared to the overall A-share market[32]

每经头条（nbdtoutiao）——实施城乡居民增收计划、降准降息等工具灵活高效运用、增加普通高中学 位……深度解读中央经济工作会议 （记者 曾健辉） 每经AI快讯，中国武夷（SZ 000797，收盘价：3.74元）12月12日晚间发布公告称，公司第八届第二十 一次董事会会议于2025年12月12日在公司四层大会议室以现场结合通讯方式召开。会议审议了《关于选 举公司董事长的议案》等文件。 2025年1至6月份，中国武夷的营业收入构成为：商业贸易业占比38.97%，工程承包业占比32.75%，房 地产开发业占比25.0%，其他行业占比3.29%。 截至发稿，中国武夷市值为59亿元。 ...

超600亿元的剖离，聚焦主业却不被市场看好，中国中冶（01618）一纸公告股价大跌21%，市值缩水超百亿港元。 智通财经了解到，近日中国中冶发布公告，拟以约31.24亿元向五矿地产控股出售中冶置业的全部股权并转让相关债权，及拟以约 29.44亿元向控股股东中国五矿出售有色院、华冶、中冶铜锌及瑞木管理各自的全部股权及中冶金吉67.02%的股权。此次出售合计总 对价606.76亿元。 此次交易对价较标的净资产均有非常高的溢价，这将使得出售完成后净资产将有明显的增长。根据披露，此次剥离非核心资产优化 配置资源，有利于优化该公司业务结构、聚焦核心主业、提升核心竞争力，未来将聚焦冶金工程、有色与矿山工程建设和运营、高 端基建、工业建筑和新兴产业等领域，推动业务实现高质量发展。 然而市场却并不买账，该公告一出，次日港股市值大跌超20%，A股大幅低开后迅速跌停，第二日继续下跌。那么，此次大规模的剖 离非核心资产，对公司基本面有何影响，及是否影响到可持续经营？ 此次交易买方中国五矿及五矿地产将分两期支付，第一期支付在各自董事会通过决议正式批准本次交易后20日内支付全部对价的 50%，第二期支付于交割日支付全部对价的50%。 ...