从在审期间上交所发出的审核问询函及审核中心意见落实函来看，此前监管对龙建股份的应收账款风险及坏账准备计提充分性较为关注。 此外也对再融资的募资规模合理性提出了疑问，而首轮答复中公司说明资金缺口后，审议会议现场监管追问了高负债合理性及偿债能力。 再融资审核结果 据上交所官网显示，沪主板上市企业龙建路桥股份有限公司（简称：龙建股份）再融资今日上会获审核通过。 | 上会日期 数量 类型 申报板块 公司简称 注册地 审核结果 拟募资金额 最近一年净利润 保荐机构 会计师事务所 律师事务所 | | | | | | | --- | --- | --- | --- | --- | --- | | (万元) | | | (万元) | | | | 2025-5-28 | 公开发行 (四) 可转债双腾淘 | 100,000.00 | 42,761.37 | 中银国际 | 中审亚太 国浩(上海) | | DOKE Id | | - NEADING CONSULTING | | | | 1.请发行人代表结合公司的经营模式、业务发展规划、运营资金需求、经营现金流等，说明公司持有高额货币资金和高额负债的合理性。 从在审期间上交所发出的审 ...

中国通号：中标总计约37.89亿元轨道交通市场重要项目 5月23日晚，中国通号（688009）发布公告称，公司在2025年3月至4月共中标十一个轨道交通市场重要 项目，包括铁路市场8个和城市轨道交通市场3个。以上项目中标金额总计约为37.89亿元，约占该公司 中国会计准则下2024年经审计营业收入的11.67%。因为上述项目跨年分期实施，对2025年当期业绩影 响有不确定性。 资料显示，中国通号成立于2010年12月，主营业务是轨道交通控制系统及其衍生业务，同时开展轨道交 通配套工程施工业务、市政信息化及其配套工程总承包业务和海外轨道交通建设相关业务等。 所属行业：机械设备–轨交设备Ⅱ–轨交设备Ⅲ 新柴股份：拟使用不超过5亿元闲置资金购买理财产品 5月23日晚，新柴股份（301032）发布公告称，公司计划使用不超过5亿元的闲置自有资金购买安全性 高、流动性好、中低风险的结构性存款、收益凭证等理财产品。该计划旨在提高资金使用效率，增加现 金资产收益。 资料显示，新柴股份成立于2007年6月，主营业务是非道路用柴油发动机及相关零部件的研发、生产与 销售。 所属行业：机械设备–通用设备–其他通用设备 5月23日晚， ...

Overview - The urbanization process in China is driving higher demands for municipal infrastructure, including transportation, water supply, drainage, and sewage treatment [1][10] - The municipal engineering contracting industry is experiencing rapid development due to the increasing need for infrastructure construction and renovation [1][10] - However, in recent years, the growth rate of municipal investment has slowed, leading to a significant decrease in municipal engineering contracting orders and revenue [1][10] Market Size - In 2024, the total revenue from municipal engineering contracting in China is projected to decline to 765.35 billion yuan, a year-on-year decrease of 6.06% [1][12] - The breakdown of total contracting revenue includes: urban rail transit engineering (36.1%), urban road and bridge engineering (14.7%), municipal landscaping engineering (11.4%), urban road greening engineering (10.2%), urban lighting engineering (7.5%), urban surface transportation engineering (5.0%), and urban parking lot construction engineering (4.2%) [1][12] Market Policies - The Chinese government has issued several policies to enhance the regulation of municipal engineering construction, streamline approval processes, and improve market order [5][7] - Key policies include measures to strengthen supervision of construction contracting, promote the update of municipal infrastructure equipment, and enhance the management of foreign contracting projects [5][7] Industry Chain - The upstream of the municipal engineering contracting industry includes suppliers of construction materials (concrete, steel, cement, etc.) and engineering machinery [8] - The downstream market primarily consists of government departments and state-owned enterprises, which are the largest demanders of municipal engineering projects [8] Competitive Landscape - The municipal engineering contracting industry in China is characterized by intense competition, with numerous enterprises, including large state-owned enterprises like China Communications Construction Company and China Railway Group [14][15] - The top 10 companies in the municipal engineering bidding market are all state-owned enterprises, indicating a strong presence of government-backed firms in the industry [14][15] Development Trends - The industry is expected to transition towards intelligent construction methods, utilizing technologies such as BIM to optimize design and operational processes [22] - There will be an increased focus on green building materials and sustainable construction practices in response to environmental concerns [22] - Opportunities for international expansion are anticipated as Chinese municipal engineering firms seek to participate in global markets, particularly under initiatives like the Belt and Road [22]

Group 1 - Suzhou Qidu Comprehensive Development Co., Ltd. has been established with a registered capital of 200 million RMB [1] - The legal representative of the company is Li Hong [1] - The shareholders include Suzhou Wujiang New Wu City Capital Management Co., Ltd. (40%), Suzhou Qidu Emerging Industry Investment Co., Ltd. (30%), and Suzhou Wujiang South Taihu Area Construction Development Co., Ltd. (30%) [1] Group 2 - The company's business scope includes real estate development and management, construction engineering, environmental protection services, and various technical services [1] - The company is classified under the national standard industry of water conservancy, environment, and public facility management [1] - The registered address of the company is No. 1688, Qidu Avenue, Qidu Town, Wujiang District, Suzhou, Jiangsu Province [1]

Core Viewpoint - Anhui Transportation Construction Co., Ltd. (交建股份) reported a slight increase in revenue for Q1 2025, indicating a potential recovery from the significant declines experienced in 2024 [2][3]. Financial Performance - In Q1 2025, the company achieved a revenue of 789 million yuan, a year-on-year increase of 1.55%, while the net profit attributable to shareholders, excluding non-recurring gains and losses, was 33 million yuan, a decrease of 1.05% [2]. - For the full year 2024, the company reported a revenue of 4.173 billion yuan, a decline of 13.30%, and a net profit of 127 million yuan, down 28.12% compared to the previous year [2]. Market Conditions and Challenges - The decline in 2024 was attributed to changes in market conditions and intensified industry competition, leading to delays in project commencement and lower output conversion rates [2]. - In 2024, the company's revenue from Anhui province was 3.194 billion yuan, down 17.48%, while revenue from outside Anhui was 887 million yuan, an increase of 6.88% [3]. Future Outlook - The company plans to leverage policy opportunities and enhance market expansion efforts in 2025, focusing on both Anhui and external markets, particularly in East China, South China, and Northwest regions [3]. - The Anhui provincial government has initiated a comprehensive transportation enhancement plan, with over 400 projects totaling approximately 750 billion yuan in investment, indicating strong future demand for transportation infrastructure [3]. Company Background - Established in 1969, the company primarily engages in road and municipal infrastructure construction, including engineering, surveying, design, and testing services [4].

陕西地处西北内陆，水资源匮乏且时空分布不均衡，水资源短缺已成为制约陕西经济社会发展的重 要因素。5月18日，省水利厅、共青团陕西省委和省节约用水办公室向全省人民发布节水倡议书。 强化节水意识，树立绿色发展理念。全省上下要从思想深处认识节水的重要性，把节水理念融入日 常生活，让"节约每一滴水"成为全社会的自觉行动。 农业节水要"精打细算"。农业是用水大户，占全省总用水量的一半左右。农业、水利部门应引导农 户及生产主体，依据当地水资源条件，减少高耗水作物种植，发展节水型设施农业和旱作农业，推广耐 旱品种；要普及喷灌、滴灌、微灌等节水技术，推广"水肥一体化"模式。当前正值夏粮产量形成和秋粮 播种关键期，各方要积极推广应用节水灌溉技术，加强农田管理，筑牢粮食安全防线。 工业节水要走"集约化、循环化"之路。水资源超载地区要加快淘汰高耗水落后产能，新建工业项目 要严格执行水资源论证制度，避免在缺水地区盲目上马高耗水项目。工业企业要加大节水技术改造力 度，推广冷凝水回收、循环用水等工艺，提高水的重复利用率。 全民行动共筑节水防线。各级党委政府要把节水工作纳入绩效考核，统筹调配水资源，科学制定节 水规划。水利部门要加强水资源 ...

Group 1 - China State Construction signed new contracts totaling 1.52 trillion yuan from January to April, representing a year-on-year increase of 2.8% [1] - Yongpu Medical's subsidiary obtained a medical device business license valid until May 7, 2030, allowing it to engage in medical device retail and wholesale [1] - Ningbo Maritime received a government subsidy of 4.42 million yuan, which will impact its net profit for the fiscal year 2025 [1] Group 2 - Mingpu Optoelectronics obtained a patent for a magnetic powder core and its preparation method, enhancing its capabilities in magnetic materials technology [1] - Digital Zhitong plans to establish a wholly-owned subsidiary in Beijing with a registered capital of 5 million yuan [1] - Zhongmin Energy's shareholder plans to reduce its stake by up to 0.28% of the company's total shares [1][6] Group 3 - Tunnel Holdings' controlling shareholder intends to increase its stake in the company by investing between 250 million to 500 million yuan [1] - China Telecom appointed Liu Guiqing as the new President and COO [1] - Datang Power completed the issuance of 3 billion yuan in medium-term notes, with proceeds aimed at repaying debt and supplementing working capital [1] Group 4 - *ST Weihai won a bid for a flood control project worth 182 million yuan, accounting for 7.35% of its audited revenue for 2024 [1] - Huijin Tong announced a cash dividend of 0.0868 yuan per share, totaling 29.44 million yuan [1] - Xinkai Energy's shareholders plan to reduce their holdings by a combined total of 4% of the company's shares [1][39] Group 5 - Xinhuan Group's subsidiary won a 1.02 billion yuan nuclear power project contract [1] - Southern Airlines reported a 12.14% year-on-year increase in passenger turnover for April [1] - Xinjiang Torch plans to acquire 100% equity of Yushan Litai for 125 million yuan [1]

四川基建市场 4 月成绩单曝光！102 个项目狂揽 463 亿成交额，全国排名第 7！央企靠规模碾压：222.7 亿成交额 占比 48%，单个项目平均 3.57 亿，妥妥的"基建巨无霸"！ 地方国企靠数量突围：45 个项目占比 44%。民企存在 感略显单薄。专项债4月零新增。 作者：明树研究团队 北京明树数据科技有限公司 " 摘 要 4月四川省基建项目成交额近500亿 01 4月，四川省共成交102个基建项目，规模达到463.09亿元，成交规模排在全国第7w。其中，成交数量较上月增加 24个，较去年同期减少30个；成交规模较上月下降25%，减少153.26 亿元（上个月规模616.34亿元），较去年同期 下降，减少26.96亿元，同比下降6%。规模排在前三的行业：市政工程、城镇综合开发、保障性安居工程，分别为 110.18亿元、78.44亿元、76.04亿元。 4月四川省基建市场央企和地方国企依旧"势均力敌" 02 4月，四川省基建市场在中央企业、地方国企、民企三个主要市场群体中，央企及下属单位成交规模最多，为 222.7亿元，分别占比为48.09%，地方国企的成交数量最多，为45个，占比44.12%。同时， ...

巡检车上的智能设备。 今年，蒋健昌和身边不少朋友一样，向DeepSeek问了五花八门的问题，其中的高频关键词是"道路 巡检"和"道路维修"。"我不是第一次把AI工具和自己的工作关联到一起了。"已经在西湖区市政工程有 限公司工作8年的蒋健昌说，他早就有了自己的AI巡检助手，"它已经给我打了4年的辅助。" 目前，杭州已有900余台道路巡检车上安装了智慧感知设备，并在后台接入了AI算法，可进行路面 破损等面层病害的自动识别与采集。而在2021年，还在进行人工巡检的蒋健昌与AI巡检助手初次接触 时，最大的感受就是好用，"就像大家刚开始用DeepSeek时一样"。 道路巡检新模式怎么让老师傅快速上手？ "云上坦途"显示维修工单。 "云上坦途"反馈路面巡检情况。 市政工人上路维修。 AI道路巡检带来时间和精力上的节省，人力就相对"空"出来了，节省下的人力又能做些什么呢？比 如老费，身负数十年道路维修经验的他，如今可以把精力集中在维修质量上。"不需要再担心耗时、耗 材问题，那我们就专注一件事——把路修得更好。"他说。 2022年，杭州提出全面打造"杯水不溢"的通行环境，路要平、桥要平、井要平，开车上路要更舒 适。这些概念在 ...

Group 1 - The total investment for three major municipal projects in Lianyungang City, involving livelihood elderly care and industrial wastewater treatment, exceeds 800 million yuan [1] - The construction of the Chengfa Industrial Wastewater Treatment Plant, with a total investment of 508 million yuan, is progressing well, aiming for trial operation by the end of July [5][9] - The Engineering Tail Water Wetland Project, serving the Chengfa Industrial Wastewater Treatment Plant, has a total investment of 24.49 million yuan and is expected to be completed by August [9][11] Group 2 - The regional elderly care service center in Chengtou Town has an investment of 65 million yuan and will provide 156 beds, with completion and acceptance expected by the end of August [13] - The construction sites are actively working during the "May Day" holiday, with over 100 construction workers dedicated to ensuring project progress and quality [1][5][13] - The projects are closely linked to urban development and the well-being of residents, emphasizing the importance of municipal engineering [9][13]