Core Viewpoint - The company, Beixin Road and Bridge, has won the bid for the G217 Aral to Tumushuke highway project, with a total contract value of 1.629 billion yuan [1] Summary by Relevant Sections Project Details - The project consists of three contract sections with bid amounts of 572 million yuan, 614 million yuan, and 444 million yuan, totaling 1.629 billion yuan [1] - The project duration is set for 1,095 calendar days, with a quality standard classified as qualified [1] Impact on Company - Winning this bid is expected to enhance the company's market competitiveness and market share [1] - The project is anticipated to have a positive impact on the company's future performance [1]

Group 1 - The event "Caring for Workers: Summer Cooling" was organized by the Longqing District Trade Union at the Shima Mingjia Village renovation project site, which is contracted by China Electric Power Construction Group Road and Bridge Company [2] - The project team has implemented various measures to ensure the health and safety of workers during high temperatures, including improving the construction site environment and providing cooling drinks [3] - The project aims to enhance the living conditions of local residents and contribute to the urban development strategy of Jinan, known as the "Western Prosperity" strategy [3] Group 2 - The Longqing District Trade Union emphasized the importance of ensuring workers' rights and providing adequate cooling supplies during the summer heat [2] - The project is currently in a critical construction phase, with a focus on quality and safety while efficiently advancing the project [3] - The completion of the project is expected to significantly improve the quality of life for residents in the surrounding area [3]

重要内容提示： ? 2019年3月，公司下属全资子公司中国水电建设集团国际工程有限公司 （以下简称"水电国际"）的参股公司第一达卡高架快速路有限公司（FIRST DHAKA ELEVATED EXPRESSWAY(FDEE)CO.,LIMITED）（以下简称"FDEE公司"）与中国进 出口银行和中国工商银行股份有限公司组成的银团签署项目贷款协议，水电国际 按照持股比例为该协议约定的贷款提供担保。该等担保已经公司2018年年度股东 大会审议批准，并在《中国电力建设股份有限公司2019年度对外担保安排的公告》 （公告编号：临2019-031）中披露，并列入公司后续年度的年度担保计划进行决 策与披露。 ? 截至本公告披露日，水电国际已向相关债权人支付2,799.48万美元的担 保履约款。 ? 后续公司将积极与当地政府沟通，给予项目更多优惠条件，改善项目经 济可行性，同时加强海外投资保险索赔工作，保护公司利益。 证券代码：601669 证券简称：中国电建 公告编号：临2025-044 中国电力建设股份有限公司 关于下属子公司履行担保责任的公告 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 ...

证券代码：600039 证券简称：四川路桥 公告编号：2025-078 四川路桥建设集团股份有限公司 第八届监事会第四十五次会议决议的公告 本公司监事会及全体监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。 （二）本次监事会于 2025 年 7 月 18 日在公司以现场结合通讯方式召开，会 议通知于 2025 年 7 月 14 日以书面、电话的方式发出。 （三）本次监事会应出席人数 6 人，实际出席人数 6 人。其中监事谭德彬、 赵帅、刘胜军、李亚舟以通讯方式参会。 （四）本次监事会由监事会主席黄卫主持，公司部分高级管理人员列席了会 议。 二、监事会会议审议情况 （一）审议通过了《关于下属施工企业参股投资 G5 京昆高速公路成都至雅 安段扩容工程的关联交易议案》 会议同意公司下属施工企业四川公路桥梁建设集团有限公司（以下简称路桥 集团）、四川省交通建设集团有限责任公司（以下简称交建集团）以参股的方式， 与中国华西企业股份有限公司及公司关联方四川成渝高速公路股份有限公司、四 川高路信息科技有限公司组成联合体，参与 G5 京昆高速公路成都至雅安段扩容 ...

智通财经7月22日电，四川路桥(600039.SH)公告称，公司下属施工企业四川公路桥梁建设集团有限公 司、四川省交通建设集团有限责任公司以参股方式与中国华西企业股份有限公司及公司关联方四川成渝 高速公路股份有限公司、四川高路信息科技有限公司组成联合体，参与G5京昆高速公路成都至雅安段 扩容工程投资。本项目总投资285.48亿元，项目自筹资本金比例为20.20%，约为57.67亿元。本公司持 股比例为4%，其中路桥集团、交建集团分别持股1%、3%，共需投入项目资本金约为2.307亿元。该交 易构成关联交易，无需提交股东会审议批准。 四川路桥：下属施工企业参股投资G5京昆高速公路成都至雅安段扩容工程 ...

Core Viewpoint - The Hongli Low Volatility ETF (512890) has shown a slight increase of 0.08% on July 22, with a latest price of 1.214 CNY, and has experienced significant net inflows in recent trading days, indicating strong investor interest and confidence in the fund [1][2]. Fund Performance - The Hongli Low Volatility ETF (512890) recorded a trading volume of 770 million CNY on the same day, with a turnover rate of 3.47% [1][2]. - Over the past five trading days, the fund has seen a net inflow of 1.488 billion CNY, and over the past ten days, the net inflow reached 2.519 billion CNY [1][2]. - As of July 21, 2025, the fund's circulating scale has reached a historical high of 22.295 billion CNY [1]. Holdings and Strategy - The fund primarily invests in stocks such as Chengdu Bank, Industrial Bank, Sichuan Road and Bridge, and others, with significant increases in holdings for several key stocks [3]. - The fund manager noted that the core logic driving the performance of dividend strategies is the decline in risk-free interest rates, suggesting that the effectiveness of the strategy is likely to continue unless there are significant changes in underlying conditions [3]. - The upcoming earnings season and external tariff disturbances may lead to a temporary decline in risk appetite among investors, but the domestic economic recovery remains a critical factor influencing the market [3]. Investment Options - For investors seeking stable returns and low-risk volatility, or those looking for bond alternatives without a stock account, the Hongli Low Volatility ETF (512890) offers several feeder funds for investment [4].

Core Viewpoint - The successful rotation of the 36,000-ton turntable bridge marks a significant milestone in the construction of the Linyi-Tengzhou Expressway, laying a solid foundation for the project's completion and operation [2][4] Group 1: Project Details - The Linyi-Tengzhou Expressway's turntable bridge is the largest in Linyi City, featuring the longest span, maximum rotation angle, and widest beam surface [2] - The bridge construction involves complex upper structure forms, high construction difficulty, significant safety risks, and tight schedules [2] - The bridge utilizes a double-span 2×80m prestressed concrete T-shaped rigid frame that rotates 60° clockwise to cross the Jiaoxin Railway [2] Group 2: Engineering Techniques - The project team conducted precise calculations of unbalanced torque, eccentric distance, friction torque, and friction coefficients to achieve optimal balance for the bridge's rotation [4] - Two measurement observation points were set up around the beam to monitor deformation data in real-time, and a 15-degree trial rotation was performed to validate the system's performance [4] Group 3: Strategic Importance - The Linyi-Tengzhou Expressway is a crucial part of Shandong Province's transportation network, enhancing the layout of the highway system and creating a new east-west corridor [4] - The project is expected to improve regional transportation conditions, alleviate traffic pressure on existing routes, and promote economic development in the Lunan region [4]

AI基金华夏红利混合A（002011）披露2025年二季报，第二季度基金利润3976.5万元，加权平均基金份额本期利润0.0201元。报告期内，基金净值增长率为 0.83%，截至二季度末，基金规模为47.62亿元。 该基金属于灵活配置型基金。截至7月21日，单位净值为2.473元。基金经理是林晶，目前管理3只基金近一年均为正收益。其中，截至7月21日，华夏收入混 合近一年复权单位净值增长率最高，达24.61%；华夏红利混合A最低，为11.85%。 基金管理人在二季报中表示，本基金投资策略核心围绕红利类资产展开，重点投资于高分红以及具备较强分红利潜力的公司。二季度本基金增加了金融、能 源、公用事业等行业的配置比例，降低了汽车、交运及地产链的配置比例。 截至7月21日，华夏红利混合A近三个月复权单位净值增长率为5.32%，位于同类可比基金693/880；近半年复权单位净值增长率为6.18%，位于同类可比基金 539/880；近一年复权单位净值增长率为11.85%，位于同类可比基金553/880；近三年复权单位净值增长率为-24.21%，位于同类可比基金687/871。 通过所选区间该基金净值增长率分位图，可以观察 ...

Core Points - The article highlights the 60th anniversary of diplomatic relations between China and Mauritania, emphasizing mutual respect and cooperation that have led to significant infrastructure projects benefiting the local population [1] Group 1: Friendship Port - The Friendship Port is a major project symbolizing China-Mauritania cooperation, constructed after Mauritania's independence to facilitate trade and economic independence [2][8] - Originally built in 1979 and completed in 1986, the port handles over 90% of Mauritania's cargo imports and exports, showcasing its critical role in the national economy [2] - Recent expansions by China Road and Bridge Corporation increased the port's capacity from 900,000 tons to 6 million tons, allowing it to accommodate larger vessels and improve unloading efficiency [2] Group 2: Infrastructure Development - The Friendship Bridge, another significant project, was completed in May 2023, improving traffic flow and safety in the capital, Nouakchott, by reducing congestion and enhancing transportation infrastructure [9][11] - The bridge features modern traffic management systems, which have positively influenced local traffic habits and reduced travel times for commuters [11] Group 3: Broader Impact of Chinese Aid - Various projects named after "friendship," including a modern hospital and agricultural initiatives, have significantly improved local healthcare and economic conditions, demonstrating China's commitment to Mauritania's development [12] - Mauritanian officials express gratitude for China's support, highlighting the deep-rooted friendship and the positive impact of Chinese investments on the country's infrastructure and economy [12][13]

Group 1: Infrastructure Development - The construction of Zhang Jinggao Yangtze River Bridge and the North Jiangsu High-speed Railway is progressing well, with the foundation work ahead of schedule [2] - The Hu-Shan Expressway and the logistics infrastructure at Rugao Port are expected to enhance regional economic growth, with an estimated output value of nearly 40 million yuan in the first half of the year [2] - The completion of various road and bridge projects is aimed at improving transportation efficiency and supporting economic development [2] Group 2: Rural Transportation Improvement - The "Four Good Rural Roads" initiative has led to significant upgrades in rural infrastructure, with 30 kilometers of rural roads and 10 bridges completed in the first half of the year [3] - Public transportation services have been enhanced, with new bus routes providing direct access to train stations, improving convenience for residents [3] Group 3: Port and Logistics Enhancement - Rugao Port has seen a 3.3% year-on-year increase in foreign trade cargo throughput, reaching 6.5 million tons, and a 6.3% increase in container throughput, totaling 304,900 TEUs [4][5] - The port's efficiency has improved by 40% due to the implementation of an intelligent scheduling system, which integrates advanced technologies [4] - Ongoing projects aim to expand the port's capacity and enhance its logistics capabilities, aligning with the "Port-Strong City" strategy [5]