数据显示，天弘基金旗下1只基金位居安徽建工十大流通股东。天弘中证红利低波动100ETF（159549） 三季度新进十大流通股东，持有股数1105.4万股，占流通股的比例为0.64%。根据测算，今日浮盈赚取 约55.27万元。 天弘中证红利低波动100ETF（159549）成立日期2023年11月23日，最新规模37.79亿。今年以来收益 3.29%，同类排名3886/4189；近一年收益2.64%，同类排名3822/4188；成立以来收益19.92%。 12月31日，安徽建工涨1.08%，截至发稿，报4.70元/股，成交2697.26万元，换手率0.34%，总市值80.68 亿元。 资料显示，安徽建工集团股份有限公司位于安徽省合肥市蜀山区黄山路459号安建国际大厦，成立日期 1998年6月15日，上市日期2003年4月15日，公司主营业务涉及房屋建筑工程、基础设施建设与投资、房 地产开发经营。主营业务收入构成为：房屋建筑及安装41.25%，基础设施建设与投资36.53%，其他 10.38%，商品房销售8.57%，其他(补充)3.28%。 从安徽建工十大流通股东角度 天弘中证红利低波动100ETF（159549 ...

Core Viewpoint - Anhui Construction's stock price has increased by 5.63% on October 24, reaching 5.07 CNY per share, with a trading volume of 188 million CNY and a turnover rate of 2.20%, resulting in a total market capitalization of 8.703 billion CNY. The stock has risen for four consecutive days, with a cumulative increase of 3.23% during this period [1]. Group 1 - Anhui Construction Group Co., Ltd. is located at 459 Huangshan Road, Shushan District, Hefei City, Anhui Province, established on June 15, 1998, and listed on April 15, 2003. The company's main business includes housing construction, infrastructure construction and investment, and real estate development and operation [1]. - The revenue composition of Anhui Construction is as follows: housing construction and installation 41.25%, infrastructure construction and investment 36.53%, other 10.38%, commercial housing sales 8.57%, and other (supplementary) 3.28% [1]. Group 2 - Tianhong Fund has a fund that ranks among the top ten circulating shareholders of Anhui Construction. The Tianhong CSI Dividend Low Volatility 100 ETF Linked A (008114) entered the top ten circulating shareholders in the second quarter, holding 11.9852 million shares, accounting for 0.7% of the circulating shares. The estimated floating profit today is approximately 3.236 million CNY, with a floating profit of 1.7978 million CNY during the four-day increase [2]. - The Tianhong CSI Dividend Low Volatility 100 ETF Linked A (008114) was established on December 10, 2019, with a latest scale of 1.206 billion CNY. Year-to-date return is 5.48%, ranking 3993 out of 4218 in its category; the one-year return is 9.58%, ranking 3163 out of 3875; and since inception, the return is 80.63% [2]. - The fund manager of Tianhong CSI Dividend Low Volatility 100 ETF Linked A (008114) is Liu Xiaoming, who has a cumulative tenure of 7 years and 30 days. The current total asset scale of the fund is 15.782 billion CNY, with the best fund return during his tenure being 65.27% and the worst being -46.54% [2].

Core Viewpoint - China State Construction Engineering Corporation (CSCEC) is strategically investing in real estate despite market challenges, indicating a strong belief in the long-term potential of the sector [1][3]. Group 1: Investment and Land Acquisition - CSCEC's subsidiary, China State Construction Second Engineering Bureau, has invested 7.491 billion yuan in a real estate development project in Beijing's urban sub-center [1][3]. - The project covers approximately 112,800 square meters with a total planned construction area of about 261,900 square meters, including residential and office spaces [3]. - The company aims to enhance its influence and brand recognition in the Beijing real estate market through this investment [3]. Group 2: Financial Performance and Business Segments - Real estate development is CSCEC's third-largest business, generating approximately 300 billion yuan in annual revenue with a gross profit margin of around 17% [1][4]. - From 2021 to 2024, the company's real estate revenue showed fluctuations, with 2023 sales reaching 451.4 billion yuan, a 12.4% increase year-on-year, making it the industry leader [4]. - In 2024, the real estate segment's revenue is projected to account for about 14% of total income, contributing 25.4% to gross profit [1][4]. Group 3: Market Strategy and Future Outlook - CSCEC plans to deepen its investment in core cities and regions, focusing on precise investment strategies and enhancing sales efforts [5][8]. - The company has acquired 75 new land parcels, increasing its land reserves to 77.18 million square meters, with all new acquisitions located in first-tier and strong second-tier cities [5][8]. - The real estate business aims to transition into a leading international property development and operation group, emphasizing residential development and quality commercial projects [8]. Group 4: Risk and Resilience - Despite facing challenges from market adjustments, CSCEC's real estate business has demonstrated resilience, with annual profits consistently exceeding 40 billion yuan from 2020 to 2024 [1][9]. - The company reported a 14.88% decline in net profit for 2024, primarily due to increased credit impairment losses, which reached 13.634 billion yuan [9].