本报讯 （记者田鹏）记者从中国交通建设集团有限公司（以下简称"中交集团"）获悉，中交集团旗下 子公司于近日在上海证券交易所举办路演交流会。 值得关注的是，中国交建表示拟将于12月中旬发行"一带一路"科技创新公司债券，规模不超过10亿元， 期限包括10年期和20年期，募集资金不低于70%将用于支持"一带一路"沿线项目建设。此举将进一步彰 显公司服务国家战略的责任担当。 通过此次路演，中国交建、振华重工、中交三航局、中交上航局与投资者进行了深入交流，有效传递了 公司价值和发展信心，为后续债券融资工作奠定了坚实基础。未来，各公司将继续深化与债券市场联 动，积极应对挑战，努力实现高质量可持续发展。 彭陆强在致辞中表示，中交集团是全球领先的基建领域综合服务商，坚持"让世界更畅通、让城市更宜 居、让生活更美好"的企业愿景，秉承"固基修道、履方致远"的企业使命，坚守"交融天下、建者无 疆"的企业精神，已成长为世界最大的港口设计建设公司、世界最大的公路与桥梁设计建设公司、世界 最大的疏浚公司、世界最大的集装箱起重机制造公司。面对当前市场环境，公司将积极利用债券市场， 优化融资结构，服务国家战略。未来，中交集团将持续聚焦高质量 ...

Core Insights - The article discusses the rapid development of the dredging industry in Ruichang, Jiangxi Province, highlighting its transformation into a significant sector known as "China's Dredging Capital" [1][6]. Group 1: Industry Development - Ruichang has established the Jiangxi Dredging Industry Association and built the province's first dredging industry support center, showcasing its commitment to developing the dredging sector [1][7]. - The fifth China (Ruichang) Municipal Dredging Equipment Expo attracted over 70% of domestic dredging industry exhibitors, featuring more than 60 well-known dredging equipment companies [1][3]. Group 2: Technological Advancements - The local company, Jiangxi Zhiku Robot Co., has developed a lightweight automatic pipeline detection robot that can operate in both wet and dry conditions, with over 60 orders already received [3]. - Ruichang's dredging industry is transitioning towards "technology empowerment," introducing advanced equipment and integrating technologies like real-time solidification and UV light curing for pipeline repairs [3][6]. Group 3: Environmental Initiatives - The city promotes an eco-friendly sewage treatment model by constructing parks above sewage treatment plants, enhancing aesthetics and reducing noise and odor [5][6]. - The sewage treatment plant utilizes advanced FMBR technology to efficiently remove pollutants, contributing to the city's ecological sustainability [5][6]. Group 4: Economic Growth and Collaboration - Ruichang has signed agreements with leading dredging companies during the expo to boost local industry development [7][10]. - The city has invested nearly 300 million yuan to build a 50,000 square meter dredging industry support center and a 230-acre dredging equipment industrial park, facilitating industry clustering [9]. - Currently, Ruichang hosts over 3,000 dredging-related enterprises, employing more than 60,000 people, with the dredging equipment products capturing 80% of Jiangxi's market share and 40% of the national market share [9].

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].