中材国际: 华泰联合证券有限责任公司关于中国中 材国际工程股份有限公司发行股份及支付现金购买 资产暨关联交易之2024年度业绩承诺实现情况核查 意见 华泰联合证券有限责任公司 关于 中国中材国际工程股份有限公司 发行股份及支付现金购买资产暨关联交易 之 独立财务顾问 二〇二五年三月 释义 本核查意见中，除非文意另有所指，下列词语具有如下含义： 《华泰联合证券有限责任公司关于中国中材国际工程股份有限公司 本核查意见 指 发行股份及支付现金购买资产暨关联交易之 2024 年度业绩承诺实现 情况意见》 本次交易、本次重组、 发行股份及支付现金购 中材国际向中国建材总院发行股份及支付现金购买合肥院 100%的股 指 买资产、发行股份购买 权 资产 上市公司、公司、中材 中建材（合肥）钢构科技有限公司，曾用名安徽中亚钢结构工程有限 中亚钢构 指 指 中国中材国际工程股份有限公司 国际 交易对方、中国建材总 指 中国建筑材料科学研究总院有限公司 院、业绩承诺方 合肥院、标的公司 指 合肥水泥研究设计院有限公司、合肥水泥研究设计院 交易标的、标的资产 指 合肥院 100%股权 中国建材集团 指 中国建材集团有限公司 中国建 ...

中材国际: 中国中材国际工程股份有限公司2024年 度独立董事述职报告（鞠源） 中国中材国际工程股份有限公司 司"）的独立董事，本人根据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司独立董事管理办法》等法律法规及《公司 章程》《独立董事专门会议工作细则》的规定，以关注和维护全体股 东，特别是中小股东的合法权益为宗旨，勤勉、忠实、尽责地履行独 立董事的职责，及时了解公司的经营、管理信息，全面关注公司的发 展状况，积极参加调研和培训，在董事会定战略、作决策、防风险职 能发挥中贡献价值，突出参与决策、监督制衡、专业咨询的作用。切 实维护公司和股东的合法权益。现将 2024 年度履行职责的情况报告 如下： 一、独立董事的基本情况 报告期内，公司董事会董事 9 人，其中，独立董事 3 人，为董事 会人数三分之一，符合相关法律法规。2023 年 10 月 24 日，公司举 行了第八届董事会换届选举，经过选举本人担任第八届董事会独立董 事。董事会下设战略、投资与 ESG 委员会、审计与风险管理委员会、 薪酬与考核委员会、提名委员会。作为公司的独立董事，本人在从事 的专业领域积累了丰富的经验，拥有专业资质及能力 ...

Financial Data and Key Metrics Changes - Total revenue for 2024 was $518.8 million, a slight increase of 0.5% compared to $516.4 million in 2023, with ODR revenue growing by 31.9% and GCR revenue declining by 31.9% [28] - Total gross profit for the year increased by 20.9% from $119.3 million to $144.3 million, with total gross margin rising to 27.8% from 23.1% in 2023 [31] - Adjusted EBITDA for 2024 was $63.7 million, up 36.1% from $46.8 million in 2023, exceeding the guidance of $60 million to $63 million [37] - Net income grew by 48.8% to $30.9 million, with earnings per diluted share increasing by 46% from $1.76 to $2.57 [38] Business Line Data and Key Metrics Changes - ODR revenue accounted for 66.6% of total revenue for the year, up from 50.7% in 2023, while GCR revenue accounted for the remainder [28] - ODR gross profit contributed $107.8 million or 74.7% of total gross profit dollars, with ODR gross margins expanding to 31.2% from 29% in 2023 [31] - GCR gross profit declined by $6.7 million or 15.5%, but GCR gross margins improved to 21.1% from 17% in 2023 due to selectivity in higher quality projects [32] Market Data and Key Metrics Changes - The company is focusing on six mission-critical market verticals, with healthcare emerging as the largest, contributing significantly to operational continuity in medical facilities [4][5] - The industrial manufacturing sector has become the second largest vertical, with strategic acquisitions enhancing capabilities and partnerships with facility owners [19] Company Strategy and Development Direction - The company is shifting its revenue mix towards the ODR segment, targeting an eventual 80% of total revenue from ODR and 20% from GCR [22] - The M&A strategy is crucial for growth, with a target of acquiring $8 million to $10 million in adjusted EBITDA per year [21] - The company aims to expand its geographic footprint through acquisitions while enhancing service offerings to drive margin expansion [20] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in achieving organic top-line revenue growth of 10% to 15% in 2025, driven by the shift towards ODR revenue and the impact of acquisitions [23] - The company anticipates total revenue in the range of $610 million to $630 million for 2025, with a focus on improving gross margins [24] - Management highlighted the importance of building long-term relationships with customers to capture recurring revenue opportunities [14] Other Important Information - SG&A expenses for the year were $97.2 million, up from $87.4 million in 2023, with a target to reduce this as a percentage of revenue in 2025 [34][35] - Operating cash flow for the fourth quarter was $19.3 million, a 38.7% increase from 2023, while free cash flow for the year was $52.3 million, an increase of 42.6% [39] Q&A Session Summary Question: What is the expected organic growth for 2025? - Management indicated that the organic growth target of 10% to 15% refers to the overall business, not just ODR [44][45] Question: What is the implied organic growth in ODR? - Management suggested that ODR organic growth could range from 23% to 46% based on adjusted EBITDA and revenue perspectives [50][51] Question: How does the company plan to achieve OEM-level gross margins? - Management noted that achieving OEM-level margins is a long-term goal, requiring a shift towards ODR revenue and the development of an integrated platform across locations [52][54] Question: How is the company progressing in developing trusted adviser relationships with existing customers? - Management acknowledged that building these relationships takes time, emphasizing the importance of proactive engagement and capital planning [61][62] Question: What is the company's strategy for expanding its MSA count? - Management indicated that while there are opportunities for organic growth, the majority of expansion will come from acquisitions [94][95]

证券代码：601668 股票简称：中国建筑 编号：临 2025-010 重大项目公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 近期，本公司获得如下重大项目，现予公布供投资者参阅。 中国建筑股份有限公司董事会 二〇二五年二月二十七日 1 | 序号 | 项目获得单位 | 项目名称 | 项目金额 （亿元） | | --- | --- | --- | --- | | 一 | 房屋建筑 | | | | 1 | 中建八局、中建西 南院 | 山东青岛空港商务区项目(一期)设计施工总承包 | 28.4 | | 二 | 基础设施 | | | | 1 | 中建八局 | 上海浦东新区东方枢纽上海东站站前区 A3-01 地 块新建工程 | 37.6 | | 2 | 中建四局 | 四川巴中恩阳区中誉巴山肉牛+生物科技全产业 链建设项目总承包 | 21.1 | | 3 | 中建八局 | 河北张家口"源网荷储一体化"碳中和示范项目 （张北部分）-40 万干瓦风电项目场区 PC 总承包 | 20.1 | | 项目金额合计 | | | 107.1 | ...

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。 2024年第三季度主要經營數據公告 一. 主要經營情況 1. 按產業類型統計 | | 2024年7–9月 | | | 本年累計 | | | --- | --- | --- | --- | --- | --- | | | 新 簽 | 新 簽 | 新 簽 | 新 簽 | | | 產業類型 | 項目數量 | 合同額 | 項目數量 | 合同額 | 同比增減 | | | （個）（億 | 元 人 民 幣） | （個）（億 | 元 人 民 幣） | | | 工程承包 | 1,228 | 2,478.736 | 3,515 | 10,407.306 | -13.84% | | 投資運營 | 67 | 155.172 | 196 | 728.775 | -65.60% | | 綠色環保 | 191 | 318.730 | 522 | 1,251.958 ...