Core Viewpoint - Anhui Fuhuang Steel Structure Co., Ltd. has established an integrated service system covering design, production, and construction, leveraging its top-level qualifications in construction and design [1] Group 1: Company Achievements - The company has implemented the EPC engineering general contracting model, achieving a reduction in carbon emissions by 14% to 40% throughout the entire lifecycle of projects, aligning with the national "dual carbon" strategy [1] - Fuhuang Steel Structure focuses on low-rise residential buildings, integrated housing, and reinforcement and renovation projects, utilizing layered assembly technology and standardized component systems [1] - The company has successfully completed projects such as the Huai Bei Lin Huan Coal Mine resettlement site and Saudi medical cabins, with a modular design and factory production model that significantly shortens construction time and achieves a cost control accuracy of 95% [1] Group 2: Technological Integration - In the public building sector, projects like Hefei Ziyun Plaza have integrated BIM technology and intelligent construction processes, resulting in complex structures that are both functional and iconic, thereby enhancing building quality [1] - The company plans to deepen its digital management system and promote the standardization and internationalization of engineering services in the future [1]

证券代码：002135 证券简称：东南网架 浙江东南网架股份有限公司投资者关系活动记录表 公司将秉承东南特色的"伙伴联盟、产业联盟、品牌联盟、 信誉联盟"四大联盟国际战略，进一步拓展"一带一路"核心区 域业务。抢抓双循环发展机遇，借船出海拓展增量市场，在海外 开拓绿色基建、创新建材、新能源等板块的合作。重点拓展南美、 北美、中东、东南亚等国家，带动建筑、大健康、新能源等产业 一起走出去，提升东南品牌的全球影响力。 （4）人工智能+数智制造，大力推动新型建筑工业化 公司将推进钢结构数字化管理及数字化建造，充分利用数智 化工厂的优势，驱动产业工人熟练运用智能制造设备，以降低生 产成本、提升产品质量、提高管理效率，推动新型建筑工业化。 2、公司钢结构的产能？ 公司在浙江、四川、天津、广州等地区设有六大生产基地， 目前钢结构产能在60 万吨左右。预计未来总产能将达到 70 万吨。 此外，公司业务的增长不完全受制于自身的产能产量，部分生产 需求可通过外协解决。 编号：2025-9-25 | | 特定对象调研 分析师会议 | | --- | --- | | 投资者关系活 | 媒体采访 业绩说明会 | | 动类别 ...

Core Viewpoint - The company has successfully acquired a residential land plot in Shanghai, aligning with national initiatives to promote high-quality housing construction and the application of green integrated building technologies [1][3]. Group 1: Land Acquisition Details - The acquired land is located in the Minhang District, specifically the MHC10402 unit 24A-06A plot [1]. - The land is designated for residential use, with a total area of 9,319.60 square meters and a floor area ratio of 1.6 [5]. - The land was auctioned with a starting price of 491.48 million yuan and was successfully acquired for 546.48 million yuan [5]. Group 2: Strategic Implications - The acquisition allows the company to independently showcase the application of prefabricated construction in the high-quality housing sector, promoting its brand through the "five good" principles: good design, good service, good quality, good construction, and smart buildings [3]. - The funding for the land acquisition and subsequent development will come from the company's own funds, which are currently sufficient, ensuring no significant impact on the company's financial status or operational results [3].

Core Viewpoint - The company has successfully acquired land use rights in Shanghai to develop high-quality residential buildings that meet the "good house" standards promoted by the Ministry of Housing and Urban-Rural Development, aligning with national goals for improving construction quality and living standards [1][2]. Group 1: Land Acquisition Details - The company’s subsidiary, Zhejiang Jinggong Steel Structure Group Co., Ltd., has won a bid for a residential land plot in Shanghai, which will be used for developing high-quality residential buildings [1]. - The land was auctioned by the Shanghai Minhang District Planning and Natural Resources Bureau, and there are no related party transactions involved [1]. Group 2: Strategic Impact and Financial Position - The land acquisition allows the company to independently showcase the application of prefabricated construction in the "good house" sector, enhancing the brand's promotion in this field through five key principles: good design, good service, good quality, good construction, and smart buildings [2]. - The funding for the land acquisition and subsequent development will come from the company's own funds, which are currently abundant, ensuring that the financial status and operational results of the company will not be significantly impacted [2].

Core Viewpoint - The company successfully acquired a residential land plot in Shanghai for 546 million yuan, which will be developed into high-quality residential buildings meeting the "good house" standards [1] Group 1: Land Acquisition - The company’s subsidiary, Zhejiang Jinggong Steel Structure Group Co., Ltd., won the bid for a residential land plot located in Minhang District, Shanghai [1] - The transaction price for the land plot was 546 million yuan [1] Group 2: Development Strategy - The company aims to autonomously showcase the application of prefabricated buildings in the construction of "good houses" [1] - The development will focus on five key concepts: good design, good service, good quality, good construction, and smart buildings [1] - This initiative is expected to enhance the company's brand promotion in the "good house" construction sector [1]

Group 1 - The company, Jinggong Steel Structure (600496.SH), announced that its subsidiary, Zhejiang Jinggong Steel Structure Group Co., Ltd., successfully acquired a residential land parcel in Shanghai [1] - The land parcel is located in the Minhang District, specifically the MHC10402 unit 24A-06A, with a transaction price of 546.48 million yuan [1] - The total area of the land is 9,319.60 square meters, and it will be developed into high-quality residential properties that meet the "good housing" standards [1]

Summary of the Conference Call for Jinggong Steel Structure Company Overview - **Company**: Jinggong Steel Structure - **Industry**: Steel construction and engineering Key Financial Performance - **Revenue**: 9.9 billion yuan in H1 2025, up 29.48% year-on-year [2] - **Profit**: Increased by nearly 30% [2] - **Operating Cash Flow**: Grew by 90% [2] - **Expense Ratios**: Declined, indicating improved operational efficiency [2][12] Order and Market Dynamics - **Total Orders**: 12.51 billion yuan in H1 2025, a 2.2% increase year-on-year [4] - **Domestic Orders**: 8.85 billion yuan, down 14.5% year-on-year [4] - **International Orders**: 3.66 billion yuan, up 94% year-on-year [4] - **International Orders Composition**: 50% from landmark projects, primarily in the Middle East and Australia/New Zealand [6][15] - **Domestic Market Strategy**: Focus on high-quality orders, with a strategic decline in government project participation [2][23] Strategic Initiatives - **International Expansion**: Full overseas strategy and localization development to capture international market share [2][8] - **Partnerships**: Collaborations with regional partners supported by JD.com for local marketing and operational capabilities [2][8] - **Process Management**: Adoption of Huawei's process management system to enhance operational efficiency and delivery capabilities [9][10] Competitive Advantages - **Technological Innovation**: Use of modular construction techniques to reduce project timelines and improve efficiency [3][14] - **Client Base**: Strong relationships with Fortune 500 companies and leading enterprises in emerging sectors like renewable energy and food consumption [5][15] - **Quality Certifications**: High-level certifications (US, EU, Japan standards) enhance competitiveness in international markets [14] Cash Flow and Receivables Management - **Improved Cash Flow**: Driven by enhanced receivables collection and a focus on high-quality orders [22] - **"Frog Action" Initiative**: Launched to accelerate contract asset turnover and reduce long-term receivables [10][22] Market Outlook and Challenges - **Domestic Market Pressure**: Facing challenges but focusing on high-quality projects rather than volume [23][24] - **International Market Growth**: Anticipated to contribute significantly to future revenue, with smoother payment processes compared to domestic projects [24] - **Cautious Economic Outlook**: Maintaining a conservative view on the Chinese economy and construction market while aiming for steady, high-quality growth [30] Future Goals - **Target for International Business**: Aim for a 50% share of total business from international markets within 3 to 5 years [29] - **Stock Valuation**: Company shares perceived as undervalued, with a net asset value of approximately 0.8 times [30]

Group 1 - Shenzhen has transformed from a small town with a population of less than 30,000 in 1980 to a city with over 20 million residents in 45 years [1] - The city has become a platform for dreamers and achievers, showcasing a mutual growth journey between the city and its inhabitants [1] Group 2 - The Daya Bay Nuclear Power Station has been operational since 1993, with a team led by Qiao Sukai providing integrated technical services for six nuclear power plants, completing over 230 core fuel loading and unloading tasks [5] - Lu Jianxin, a chief expert at China State Construction Steel Structure Corporation, has contributed to the construction of major buildings in Shenzhen, developing advanced steel structure construction technologies over 43 years [9] - Huang Binling, a landscape designer, returned to Shenzhen to work on urban village renovations, fostering community relationships and a sense of belonging for migrant workers [11] - Song Changhua has been a forest ranger at the Futian Mangrove Nature Reserve for over 20 years, protecting this vital urban green space [13] - Wang Qinjing, a pilot at SF Airlines, progressed from a warehouse manager to a flight captain, earning national recognition for his contributions [18] - Xu Jincheng, founder of PAXINI Technology, was attracted to Shenzhen's entrepreneurial environment and resources for robotics development, leading to the creation of a humanoid robot [22] - Liu Xingyao, a drone operations manager at Meituan, plays a crucial role in the rapidly growing low-altitude economy in Shenzhen [26] - Jiang Xiaolin, an electronics entrepreneur in Huaqiangbei, has adapted his business model to include smart glasses, achieving significant sales growth [29] - He Jian, a technical director at Shenzhen Air Traffic Control Station, has overseen the safe management of over one million flights, contributing to the city's aviation development [33] - Zhang Yuetong, an international climbing athlete from Shenzhen, has achieved significant milestones, including representing China at the 2024 Paris Olympics [35]

Group 1 - The company Meilian Steel Structure Building System (Shanghai) Co., Ltd. submitted its prospectus to the Hong Kong Stock Exchange on February 14, 2025, which will expire six months later on August 14, 2025 [1] - Shenwan Hongyuan (Hong Kong) acted as the sole sponsor during the submission process [1]

Group 1 - The stock of OneG opened with an increase of 8.18%, reaching $6.28 per share, with a total market capitalization of $81.64 million as of 21:30 [1] - For the fiscal year ending September 30, 2024, OneG reported total revenue of $28.736 million, a year-on-year decrease of 8.18%, and a net profit attributable to shareholders of $1.242 million, down 22.71% year-on-year [1] - OneG Group Limited is a foreign holding company registered in the Cayman Islands, with its subsidiary being a steel structure contractor based in Hong Kong, specializing in the procurement and installation of steel structures for construction projects in Hong Kong [1] Group 2 - The company has been operating as a subcontractor for steel structure projects since its establishment in 2021, conducting all business activities in Hong Kong, with all clients and suppliers located in the region [1] - Steel structures are essential components in the initial construction phase of commercial, residential buildings, and infrastructure, involving the assembly of columns and beams through riveting, bolting, or welding [1] - The main responsibilities of the operating subsidiary in construction projects include site preparation, detailed scheduling and work allocation, site engineering, and safety supervision and quality management [1]