赣江观澜：特色疏浚产业何以在江畔小城崛起？ 中新网江西瑞昌10月29日电 题：赣江观澜：特色疏浚产业何以在江畔小城崛起？ 作者 卢梦梦 在长江黄金水道与赣鄱大地交汇处，江西省瑞昌市，一个特色产业——疏浚产业正加速发展。成立江西 省管道疏浚行业协会、建成江西省第一个疏浚产业配套中心、举办疏浚设备博览会……这个滨江小城何 以成为"中国疏浚之乡"，又如何完成从"一根管"到"一条链"的产业蜕变？ 科技赋能加快转型发展 10月27日至28日，以"科技赋能，疏通天下，市政疏浚数字化转型"为主题的第五届中国(瑞昌)市政疏浚 设备博览会暨2025中国国际管网展览会——瑞昌站举行。展会吸引国内疏浚行业超70%的展商参加，汇 聚全国知名疏浚设备企业60余家。 图为第五届中国(瑞昌)市政疏浚设备博览会现场，瑞昌本地参展商展出的一款管道探测机器人。刘 力鑫 摄 城西污水处理厂的建设，正是瑞昌坚持生态治污、绿色发展的生动写照。作为"中国疏浚之乡"，近年 来，瑞昌市依托产业优势，积极探索污水生态治理，不断引进先进技术，推动污水治理实现绿色转型， 打造水城相融、人水相依的美丽画卷。 筑巢引凤产业集聚发展 落户疏浚产业园、入驻疏浚产业配套中 ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [9]. Core Views - The company achieved operating revenue of 337.055 billion yuan in the first half of the year, a year-on-year decrease of 5.71%. The net profit attributable to shareholders was 9.568 billion yuan, down 16.06% year-on-year, while the net profit after deducting non-recurring gains and losses was 8.105 billion yuan, a decrease of 23.70% year-on-year [2][6][12]. - The decline in revenue is primarily attributed to a slowdown in the domestic construction industry, with the main business income from infrastructure construction dropping to 298.241 billion yuan, a decrease of 7.05% [12]. - The company has shown improvement in operational quality, with new contract signings reaching 991.054 billion yuan, a year-on-year increase of 3.14%, completing 49% of the annual target [12]. Summary by Sections Financial Performance - The company reported a comprehensive gross margin of 10.64%, a decrease of 1.01 percentage points year-on-year. The gross margin for infrastructure construction was 9.74%, down 0.90 percentage points [12]. - The expense ratio decreased year-on-year to 4.94%, with financial costs benefiting from reduced financing costs and increased interest income from infrastructure investment projects [12]. - The cash collection ratio improved to 90.34%, an increase of 11.99 percentage points year-on-year, indicating better cash flow management [12]. Business Segments - The infrastructure design business saw a revenue decline of 5.60%, attributed to a reduction in EPC projects and design projects [12]. - The dredging business revenue fell by 13.27%, also due to the slowdown in domestic construction [12]. Market Outlook - The company plans to increase its dividend payout ratio by 1 percentage point compared to previous years, reflecting a commitment to shareholder returns [12]. - The overseas market continues to grow steadily, with new contracts signed in foreign regions amounting to 200.379 billion yuan, a year-on-year increase of 2.20% [12].