Core Insights - Parsons Corporation has secured a SAR 210 million ($56 million) contract for the development of Phase II of the Diriyah project, a significant initiative under the Public Investment Fund (PIF) [2] - The contract encompasses design, supervision, and project management services, focusing on parks, green spaces, and civic infrastructure over a span of 55 kilometers [3] - The Diriyah project, valued at $63.2 billion, aims to create a pedestrian-centered urban area for 100,000 residents and attract around 50 million visitors annually [4] Company and Industry Summary - Parsons has been collaborating with PIF since 2017 on major projects in Saudi Arabia, including NEOM The Line and NEOM Oxagon [5] - The partnership with Parsons is expected to expedite the development of the Diriyah project, enhancing its potential as a key urban destination [4]

证券代码：603955 证券简称：大千生态 公告编号：2025-070 2025 年 7-9 月，公司及子公司新签订项目合同 11 项，金额为人民币 378,622,413.61 元，为工程建设项目。 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个别及连带责任。 大千生态环境集团股份有限公司（以下简称"公司"）根据《上海证券交易 所上市公司自律监管指引第 3 号——行业信息披露》之《第八号——建筑》的相 关规定，现将 2025 年第三季度主要经营数据（未经审计）公告如下： （一）新中标及签订项目合同的数量及合计金额 大千生态环境集团股份有限公司 2025 年 7-9 月，公司及子公司新中标项目 11 项，金额为人民币 378,622,413.61 元，为工程建设项目。 2025 年第三季度主要经营数据的公告 2025 年 10 月 30 日 （二）本年累计中标及签订项目合同的数量及合计金额 截至 2025 年第三季度末，公司及子公司累计中标项目 14 项，合计金额为人 民币 411,723,900.97 元。公司及子公司累计签订合同 ...

Core Insights - Technip Energies reported a solid financial performance for the first nine months of 2025, achieving a year-over-year revenue growth of 9% to €5.4 billion and maintaining strong profitability with a recurring EBITDA of €478 million, also up 9% year-over-year [3][4][23]. Financial Performance - Revenue for 9M 2025 reached €5,417.1 million, compared to €4,970.8 million in 9M 2024, marking a 9% increase [4][5]. - Recurring EBITDA for the same period was €478.0 million, up from €439.3 million, maintaining a margin of 8.8% [4][5]. - Net profit for 9M 2025 was €281.9 million, slightly up from €279.9 million in 9M 2024 [5][7]. - Adjusted order intake for 9M 2025 was €3,361.8 million, down from €4,813.5 million in 9M 2024, resulting in a book-to-bill ratio of 0.6 [18][19]. Strategic Developments - The company announced the acquisition of Ecovyst's Advanced Materials & Catalysts business for US$556 million, which is expected to enhance its capabilities in the catalyst value chain and is anticipated to close by Q1 2026 [3][46][47]. - Technip Energies secured a major contract for the Commonwealth LNG export facility in the US, which is expected to significantly contribute to the company's backlog once confirmed [3][33]. - The company is extending its leadership in LNG and modularization, with additional contracts awarded for projects in Mozambique and Indonesia [3][34][36]. Operational Highlights - The company reported strong commercial prospects in LNG, decarbonization, and sustainable fuels, supported by a diverse portfolio of technologies and solutions [3][4]. - Key operational milestones include progress on various projects such as the QatarEnergy North Field Expansion and the Marsa LNG project in Oman [27][29]. Market Position - Technip Energies is positioned as a global leader in energy and decarbonization infrastructure, contributing to critical markets such as LNG, hydrogen, and sustainable chemistry [12][46]. - The company emphasizes a disciplined approach to capital allocation and cost management, focusing on long-term value creation for stakeholders [3][54].

Core Insights - Parsons Corporation has been awarded a $56 million contract for Phase 2 of the Diriyah project, which is a 5-year engagement aimed at enhancing urban development in Saudi Arabia [1][4] - The Diriyah project is part of Saudi Arabia's Vision 2030, focusing on creating a mixed-use urban destination that integrates traditional Najdi architecture with modern urban planning [3][10] Group 1: Contract Details - The contract involves the design and delivery of parks, open spaces, and over 55 kilometers of streetscape, including streets, footpaths, and civic buildings [2] - This contract represents new work for Parsons Corporation, which has been a partner in various urban development projects in Saudi Arabia since 2017 [4][5] Group 2: Project Significance - Diriyah is historically significant as the birthplace of Saudi Arabia and is home to the UNESCO World Heritage Site, At-Turaif [3][8] - The development aims to create a walkable city for approximately 100,000 residents and accommodate nearly 50 million visits annually [4][9] Group 3: Company Background - Parsons Corporation has over 65 years of experience in Saudi Arabia and currently manages more than 50 active projects, including mega and giga projects [5] - The company specializes in urban development, transport infrastructure, and sustainability, contributing to the Kingdom's economic diversification efforts [6][11]

Core Viewpoint - A class action securities fraud lawsuit has been filed against Fluor Corporation, alleging that the company made false statements regarding its financial health and project costs, which negatively impacted shareholders [1][3]. Group 1: Lawsuit Details - The lawsuit seeks to recover losses for shareholders affected by alleged securities fraud occurring between February 18, 2025, and July 31, 2025 [2]. - The complaint claims that Fluor Corporation concealed rising costs associated with infrastructure projects due to subcontractor errors, price increases, and scheduling delays [3]. - It is alleged that the company's financial guidance for FY 2025 was unreliable, overstating the effectiveness of its risk mitigation strategies and understating the impact of economic uncertainty [3]. Group 2: Next Steps for Affected Shareholders - Shareholders who suffered losses during the specified timeframe are encouraged to seek information on their rights to recovery, with no cost or obligation to participate [4]. Group 3: Legal Representation - Levi & Korsinsky LLP, a recognized securities litigation firm, is representing the plaintiffs and has a strong track record in securing recoveries for shareholders [5].

Core Viewpoint - Fluor Corporation is facing a class action securities lawsuit due to alleged securities fraud that negatively impacted investors between February 18, 2025, and July 31, 2025 [1][2]. Group 1: Allegations and Impact - The lawsuit claims that Fluor Corporation made false statements regarding the rising costs of its infrastructure projects, including Gordie Howe, I-635/LBJ, and I-35, which were attributed to subcontractor design errors, price increases, and scheduling delays [2]. - It is alleged that these issues, along with reduced capital spending from customers and economic uncertainty, were likely to have a significant negative impact on the Company's business and financial results [2]. - The financial guidance provided by Fluor for FY 2025 is claimed to be unreliable and overstated regarding the effectiveness of its risk mitigation strategy and the impact of economic uncertainty [2]. Group 2: Legal Proceedings and Participation - Investors who suffered losses during the specified timeframe have until November 14, 2025, to request to be appointed as lead plaintiff in the lawsuit [3]. - Class members may be entitled to compensation without any out-of-pocket costs or fees, and participation does not require serving as a lead plaintiff [3]. Group 3: Firm Background - Levi & Korsinsky, LLP has a strong track record in securities litigation, having secured hundreds of millions of dollars for shareholders over the past 20 years [4]. - The firm has been recognized in ISS Securities Class Action Services' Top 50 Report for seven consecutive years as one of the leading securities litigation firms in the United States [4].

Group 1 - WSP, a Canadian infrastructure giant, has made a multibillion-dollar bid to acquire Dallas-based Jacobs, with the offer primarily consisting of stock [7] - Jacobs has engaged investment bank Centerview Partners to evaluate WSP's bid, which includes both stock and cash components [7] - The acquisition follows WSP's recent history of aggressive mergers and acquisitions, including the purchase of U.K.-based engineering consultancy Ricardo and healthcare consulting firm Lexica [3][4] Group 2 - Analyst Andrew Wittmann noted that while WSP has a strong track record in M&A, the timing of this potential deal may be problematic due to Jacobs' recent operational improvements [4][5] - Wittmann expressed concerns about the integration risks associated with large-scale mergers in the engineering and construction sector, citing Jacobs' complex history of acquisitions and restructuring [4][5] - Despite the challenges, potential benefits of the acquisition include cost synergies and Jacobs' strong position in the water infrastructure market and advanced manufacturing [6]

Fundraising and Investments - Ola Electric Mobility Limited's board approved a proposal to raise up to Rs 1,500 crore through various means including equity shares and convertible securities, pending shareholder and regulatory approvals [1] - Reliance Intelligence Ltd will invest Rs 2 crore for an initial subscription of 20,00,000 equity shares in its newly incorporated subsidiary, Reliance Enterprise Intelligence Ltd, which will focus on enterprise AI services [2] Contracts and Orders - Vikran Engineering received a Letter of Award for Rs 354.21 crore for a 100 MW AC Solar PV Power Project in Maharashtra [3] - NCC secured a contract from Central Coalfields Limited for the extraction and transportation of 413.59 million cubic meters of overburden and 233.325 million tons of coal [5] - GPT Infraprojects Ltd obtained contracts worth Rs 195 crore for the installation of a conveyor belt system, bringing its outstanding order book to Rs 4,047.65 crore [6] - Desco Infratech Ltd received new orders totaling approximately Rs 6.5 crore and Rs 14.45 lakh for distribution infrastructure work in Punjab and Gujarat [7] - Airfloa Rail Technology secured an order worth Rs 8.54 crore for supplying components to the Modern Coach Factory in Uttar Pradesh [8] - BMW Ventures Ltd received an order worth Rs 4.49 crore for manufacturing and supplying pre-engineered steel buildings [9] - Subros Ltd was awarded a Rs 27 crore order for supplying cabin air-conditioning equipment to Indian Railways [9] Corporate Actions - eClerx Solutions' board approved a buyback proposal of up to Rs 300 crore for 6,66,666 equity shares at Rs 4,500 per share [10] Operational Updates - Kotak Mahindra Bank acknowledged stress in its loan book for retail commercial vehicles, attributing it to macroeconomic factors [2] - NTPC announced the completion of trial operations for Unit-1 of the Patratu Super Thermal Power Project, increasing its total installed capacity to 84,849 MW [2][4]

Core Viewpoint - Rosen Law Firm is reminding investors who purchased Fluor Corporation securities between February 18, 2025, and July 31, 2025, about the upcoming lead plaintiff deadline on November 14, 2025, for a class action lawsuit [1][2] Group 1: Class Action Details - Investors who purchased Fluor securities during the specified Class Period may be entitled to compensation without any out-of-pocket fees through a contingency fee arrangement [1] - A class action lawsuit has already been filed, and interested parties must move the Court to serve as lead plaintiff by the November 14, 2025 deadline [2][4] - The lawsuit alleges that Fluor made false and misleading statements regarding project costs and financial guidance, which negatively impacted its business and financial results [4] Group 2: Rosen Law Firm's Credentials - Rosen Law Firm emphasizes the importance of selecting qualified legal counsel with a successful track record in securities class actions [3] - The firm has achieved significant settlements, including the largest securities class action settlement against a Chinese company at the time, and has consistently ranked highly in securities class action settlements [3] - In 2019, the firm secured over $438 million for investors, showcasing its capability in recovering funds for clients [3]

Core Insights - The demand for government and commercial infrastructure contracts is at its peak, benefiting companies like Tutor Perini Corporation (TPC) and KBR, Inc. (KBR) [1][2] Infrastructure Market Dynamics - The U.S. infrastructure market is bolstered by federal and state funding initiatives aimed at enhancing public infrastructure and sustainability [2] - A recent Federal Reserve rate cut of 0.25 percentage points, with expectations of two additional cuts in 2025, is further catalyzing infrastructure investments [2] Tutor Perini Corporation (TPC) - TPC is focusing on high-margin project opportunities and selective bidding strategies to enhance long-term revenue visibility and profitability [3] - As of June 30, 2025, TPC's total backlog increased by 102% year-over-year to a record high of $21.1 billion, driven by robust project wins in its Civil and Building segments [4][9] - Major contract awards since the second quarter of 2025 include a $60.2 million contract from Domtar Paper Company and a $960 million contract for the UCSF Benioff Children's Hospital [5] - TPC's strategic bidding approach targets projects with limited competition and favorable contract terms, positioning the company for long-term growth [6] - Despite recent improvements, TPC faces operational and financial challenges, including tariffs, labor shortages, and material cost inflation [7] KBR, Inc. (KBR) - KBR benefits from a diversified global reach and a backlog of $21.57 billion as of July 4, 2025, reflecting a 7.3% year-over-year increase [8][9] - The company has reported significant contract wins, including a $2.459 billion contract from NASA, and anticipates a compounded annual growth rate (CAGR) of over 9% in total revenues through 2027 [10] - KBR is undergoing a strategic restructuring to form two independent companies, which is expected to enhance long-term growth and shareholder value [11] - However, KBR faces risks from project delays and the removal of its HomeSafe contract, which may negatively impact near-term revenue visibility [12] Stock Performance and Valuation - TPC's stock has outperformed KBR's and the broader construction sector over the past six months [13] - TPC trades at a premium valuation compared to KBR, which offers a discounted valuation with steady, diversified exposure [9][15] - TPC's earnings per share (EPS) estimates indicate a 220.8% year-over-year growth for 2025, while KBR's EPS estimates imply a 12.9% growth [17][18] Investment Considerations - TPC is capitalizing on record public infrastructure investments and has a strong backlog, but faces challenges from labor shortages and cost inflation [21] - KBR's diversified exposure and significant backlog position it well for long-term growth, but project delays could impact margins [22] - Overall, TPC offers stronger near-term growth potential, while KBR provides diversification and long-term structural potential [23]