Core Points - The company held its fourth independent director meeting in 2025 on July 2, focusing on the extension of resolutions related to the issuance of shares to specific targets [1][2] - The independent directors emphasized their commitment to protecting the interests of all shareholders, particularly minority shareholders, while adhering to relevant laws and regulations [1] Summary by Sections - **Resolution on Extension of Share Issuance Validity** The company proposed to extend the validity period of the resolution for issuing shares to specific targets by twelve months, as the original period was nearing expiration. This extension aligns with the Company Law, Securities Law, and other relevant regulations, facilitating the smooth progress of the issuance process without harming the interests of the company or its shareholders [1][2] - **Resolution on Extension of Board Authorization** The company also proposed to extend the authorization for the board to handle matters related to the share issuance for another twelve months. This decision is in accordance with the Company Law, Securities Law, and other applicable regulations, ensuring the effective continuation of the issuance process while safeguarding shareholder interests [2]

Core Insights - The manufacturing PMI for June is at 49.7%, indicating a slight expansion in the manufacturing sector, with 11 out of 21 surveyed industries in the expansion zone, an increase of 4 from the previous month [2][3] - The non-manufacturing business activity index is at 50.5%, showing continued expansion in the non-manufacturing sector [4][6] - The comprehensive PMI output index is at 50.7%, reflecting an overall acceleration in production and business activities [6] Manufacturing Sector - The manufacturing PMI increased to 49.7%, with production and new orders indices at 51.0% and 50.2%, respectively, indicating improved production activities and market demand [2][3] - The purchasing volume index rose to 50.2%, up by 2.6 percentage points, suggesting enhanced procurement willingness among enterprises [2] - Price indices for major raw materials and factory prices improved, with indices at 48.4% and 46.2%, respectively, influenced by rising international oil prices [2] Key Industries - Key industries such as equipment manufacturing, high-tech manufacturing, and consumer goods continue to expand, with PMIs at 51.4%, 50.9%, and 50.4%, respectively [3] - The construction sector shows a significant recovery, with the business activity index at 52.8%, indicating robust infrastructure project progress [4][5] Market Expectations - The service sector's business activity expectation index is at 56.0%, indicating optimism among service enterprises regarding future development [5] - The construction industry's business activity expectation index rose to 53.9%, reflecting increased confidence among construction firms [5] Overall Economic Outlook - The overall economic activity is expected to improve as policy effects continue to manifest, with investment and consumption-related demands likely to be released [7]

Group 1: PMI Overview - The manufacturing PMI for June 2025 is 49.7%, indicating continued improvement in manufacturing sentiment compared to the previous value of 49.5%[1] - The construction business activity index rose to 52.8% from 51%, while the services business activity index decreased slightly to 50.1%[1] - The new orders index entered the expansion zone at 50.2%, reflecting the effectiveness of domestic demand policies[2] Group 2: Economic Indicators - The production index increased to 51% from 50.7%, showing strong production momentum[2] - The purchasing quantity index surged by 2.6 percentage points to 50.2%, indicating increased procurement activity[3] - The employment indices for manufacturing and services fell to 47.9% and 46.4%, respectively, highlighting employment pressures[3] Group 3: Price and Inventory Trends - The PMI factory price index rose by 1.5 percentage points to 46.2%, while the raw material purchase price index increased to 48.4%[2] - The raw material inventory index rose to 48%, and finished goods inventory decreased to 48.1%[3] - The Brent crude oil price peaked at $80.46 per barrel, contributing to a 4.96% year-on-year increase in the CRB index[2] Group 4: Sector Performance - The construction sector showed significant recovery, with the index rising to 52.8%, driven by new orders and business activity[5] - Small enterprises recorded a decline in sentiment, with their index dropping to 47.3% from 49.3%[5] - The overall economic resilience is supported by the combination of tariff pauses and proactive policies, with the second quarter showing better performance than the previous year[6]

Group 1: Manufacturing Purchasing Managers Index (PMI) Recovery - In June, the manufacturing PMI rose to 49.7%, with 11 out of 21 surveyed industries in the expansion zone, an increase of 4 industries from the previous month, indicating an overall expansion in manufacturing sentiment [2] - The production index and new orders index were at 51.0% and 50.2%, respectively, both showing improvements of 0.3 and 0.4 percentage points from the previous month, suggesting accelerated production activities and improved market demand [2] - The purchasing volume index increased to 50.2%, up by 2.6 percentage points, reflecting enhanced procurement willingness among enterprises due to the recovery in production and demand [2] Group 2: Price Index Recovery - The main raw material purchase price index and factory price index were at 48.4% and 46.2%, respectively, both rising by 1.5 percentage points, indicating an overall improvement in manufacturing market prices [3] - The increase in prices was influenced by rising international crude oil prices, particularly affecting the petroleum, coal, and other fuel processing industries, while the black metal smelting and rolling processing industries saw a decline in price indices due to falling iron ore prices and insufficient terminal demand [3] Group 3: Business Activity Index in Non-Manufacturing Sector - The non-manufacturing business activity index was at 50.5%, up by 0.2 percentage points, indicating continued expansion in the non-manufacturing sector [5] - The service industry business activity index was at 50.1%, slightly down by 0.1 percentage points, with certain sectors like telecommunications and financial services showing strong growth, while consumer-related sectors experienced a decline [5] - The construction industry business activity index rose to 52.8%, an increase of 1.8 percentage points, indicating a recovery in construction activities, particularly in civil engineering [5] Group 4: Comprehensive PMI Output Index - The comprehensive PMI output index was at 50.7%, up by 0.3 percentage points, indicating an overall acceleration in production and business activities across enterprises [6] - The manufacturing production index and non-manufacturing business activity index were at 51.0% and 50.5%, respectively, contributing to the overall expansion reflected in the comprehensive PMI output index [6]

Core Viewpoint - The company has completed the repurchase and cancellation of 397,735 restricted stocks, which accounts for 0.31% of the total share capital before the cancellation, with a total repurchase amount of RMB 4,212,041.30 [1][9][13] Summary by Sections Repurchase and Cancellation Details - The company held meetings on April 16, 2025, and May 9, 2025, to approve the repurchase and cancellation of restricted stocks as part of the 2021 incentive plan [2][8] - The repurchase price for the first grant of restricted stocks was adjusted from RMB 10.852 per share to RMB 10.731 per share, and for the reserved grant from RMB 10.222 to RMB 10.101 per share [12] Reasons for Repurchase - The repurchase was due to three incentive targets leaving the company, making them ineligible under the incentive plan, leading to the cancellation of 13,544 shares [9] - The performance targets for the fourth release period were not met, necessitating the repurchase of 30,218 shares from 37 incentive targets and 88,973 shares from 9 reserved targets, totaling 397,735 shares [10][11] Financial Impact - The repurchase will not materially affect the company's financial status or operational performance, and it complies with relevant regulations [14] - After the cancellation, the total share capital will be reduced to RMB 126,334,151, representing 126,334,151 shares at RMB 1 per share [13][14] Future Arrangements - The company plans to promptly handle the registration changes and amendments to the articles of association following the repurchase [15]

Core Viewpoint - The profit distribution plan for the fiscal year 2024 has been approved by the shareholders' meeting on June 20, 2025, and outlines the timeline for both H-share and A-share distributions [2]. Group 1: H-Share Profit Distribution - The suspension of H-share stock transfer registration will occur from July 11, 2025, to July 17, 2025, inclusive [2]. - The record date for H-share dividends is set for July 17, 2025 [2]. - The cash dividend payment date for H-shares is expected to be around July 31, 2025 [2]. Group 2: A-Share Profit Distribution - The record date for A-share dividends is also July 17, 2025 [2]. - The ex-dividend date and cash dividend payment date for A-shares is scheduled for July 18, 2025 [2]. - A separate announcement regarding the A-share distribution will be published within the timeframe specified by the Shanghai Stock Exchange and China Securities Depository and Clearing Corporation [2].

Group 1 - The company will stop the conversion of its convertible bonds ("汇通转债") during the period from June 27, 2025, to the equity distribution registration date [1][2] - The profit distribution plan for the year 2024 includes a cash dividend of 0.23 yuan (before tax) for every 10 shares held by ordinary shareholders [1][2] - The company will publicly disclose the implementation announcement of the equity distribution and the adjustment of the conversion price for "汇通转债" on June 30, 2025 [2] Group 2 - Holders of "汇通转债" can convert their bonds into shares until June 26, 2025, to enjoy the benefits of the equity distribution [2] - The company emphasizes that the announcement contains no false records, misleading statements, or major omissions, and it assumes legal responsibility for the content's authenticity, accuracy, and completeness [1]

A 股代码：601390 A 股简称：中国中铁 公告编号：临 2025-040 H 股代码：00390 H 股简称：中国中铁 中国中铁股份有限公司 关于以集中竞价交易方式回购公司部分 A 股股票 的回购报告书 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。 重要内容提示： ●回购股份的种类：中国中铁股份有限公司（以下简称"本公司"或 "公司"）已发行的人民币普通股（A 股）股票。 ● 回购股份金额：本次回购的资金总额不低于人民币 8 亿元，不超 过人民币 16 亿元，具体回购资金总额以回购完毕或回购期满时实际回购 股份使用的资金总额为准。 ● 回购股份资金来源：公司自有资金及股票回购专项贷款。 ● 回购股份用途：本次回购的股份将用于减少注册资本。 ● 回购股份价格：回购价格上限不高于公司董事会审议通过回购股 份方案决议前 30 个交易日公司股票交易均价的 150%，即不超过人民币 ● 回购股份方式：通过上海证券交易所交易系统以集中竞价交易方 式进行股份回购。 ● 回购股份期限：2025 年 6 月 20 日至 2026 年 ...

Core Points - The investigation report revealed that a general object strike accident occurred during the installation of a bus station in Guangming District, Shenzhen, resulting in one death and direct economic losses of approximately 2.6 million RMB [1][3] - The accident was attributed to the failure of the supplier to fulfill safety management responsibilities and workers' violation of operational regulations [1][5] Incident Overview - The accident occurred on April 14, 2024, when workers were unloading large glass panels from a delivery vehicle, which was improperly positioned, leading to the glass panels tipping over and causing a fatality [2][3] - The glass panels measured 1810mm in width, 3800mm in length, and weighed 150kg, with the victim being unable to escape in time [3] Responsibility Assessment - The investigation identified two main causes: unsafe human behavior and unsafe conditions of the materials involved [5] - The main contractor, Guangdong Aizhuo Precision Manufacturing Co., failed to implement adequate safety measures, leading to the accident [5][6] - Recommendations for administrative penalties were made against the responsible parties, including the main responsible person of Guangdong Aizhuo and the company itself for not fulfilling safety responsibilities [6]

中国中铁股份有限公司董事会议事规则 （2025 年 6 月修订） 第一章 总 则 第一条 为了进一步规范中国中铁股份有限公司（简称"本 公司"）董事会的议事方式和决策程序，促使董事和董事会有效 地履行其职责，提高董事会规范运作和科学决策水平，根据《中 华人民共和国公司法》（以下简称"《公司法》"）《中华人民共和 国证券法》《上市公司章程指引》《上市公司治理准则》《中央企 业董事会工作规则（试行）》等有关规定和《中国中铁股份有限 公司章程》（以下简称"《公司章程》 "），制订本规则。 第二条 董事会应当坚持权责法定、权责透明、权责统一， 把握定战略、作决策、防风险的功能定位，忠实履职尽责，提高 科学决策、民主决策、依法决策水平，依法对公司进行经营管理， 对股东会负责并报告工作。 第三条 董事会设立董事会办公室作为董事会常设工作机 构。 第四条 本规则适用于公司董事会、董事会各专门委员会、 董事及本规则中涉及的有关部门及人员。 第二章 董事会会议的召集和召开 第五条 董事会会议包括定期会议和临时会议。 董事会每年至少召开四次定期会议。会议通知和所需文件、 - 1 - 信息及其他资料，应当在会议召开 10 日前送达 ...