Core Viewpoint - The company announced that as of December 31, 2025, it has secured important project bids totaling approximately RMB 1.908 billion, with specific contributions from various segments [1] Group 1: Project Bids - The total amount of important project bids secured by the company is approximately RMB 1.908 billion (unaudited) [1] - Within this total, the surveying, design, and consulting segment accounted for approximately RMB 259 million (unaudited) [1] - The engineering general contracting segment secured approximately RMB 1.649 billion (unaudited) [1] Group 2: Data Reliability - The reported figures are based on the company's preliminary internal data and may differ from the audited or unaudited consolidated financial statements published on an annual or semi-annual basis [1] - The data is provided for reference to the company's shareholders and investors, highlighting the presence of various uncertainties [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 Beijing Urban Construction Design & Development Group Co., Limited 北京城建設計發展集團股份有限公司 （於中華人民共和國註冊成立的股份有限公司） （股份代號：1599） 自願性公告 2025年第四季度重要項目中標情況 本公告乃由北京城建設計發展集團股份有限公司（「本公司」）連同其附屬公司（統 稱「本集團」）作出之自願性公告。 | 序號 | 項目名稱 | 中標金額 （人民幣萬元） | | --- | --- | --- | | 一 | 勘察、設計及諮詢板塊 | 25,937.98 | | | 北京軌道交通三期線網高質量發展技術標準及精細 化設計諮詢 | 9,695.10 | | | 合肥水務集團2025-2027年度岩土技術服務單位 | 2,325.00 | | | 柳芳110千伏輸變電工程（電力隧道工程）工前、工後 及第三方監測 | 1, ...

Core Viewpoint - The company has undertaken multiple photovoltaic projects and is actively planning further developments in the solar energy sector [1] Group 1: Project Engagement - The company is involved in consulting, surveying, and designing for the 500MW photovoltaic base in Baiwu Town, Yanyuan County [1] - The company is leading the EPC services for the third batch of "solar-storage-charging" projects in Longhua District [1] - The company is also engaged in the photovoltaic project for the Guangming International Automobile City [1] Group 2: Future Plans - The company is actively planning preliminary work for photovoltaic power stations in Jiangxi and other regions [1]

Group 1 - The company has undertaken multiple photovoltaic projects, including a 500MW photovoltaic base in Baiwu Town, Yanyuan County, involving consulting, surveying, and design services [2] - The company is also leading the EPC services for the third batch of "solar-storage-charging" projects in Longhua District and the photovoltaic project at Guangming International Automobile City [2] - The company is actively planning preliminary work for photovoltaic power stations in Jiangxi and other regions [2]

Core Viewpoint - The company, Gan Consulting, has confirmed that its main business activities include planning, consulting, surveying, design, supervision, testing, and bidding, with variations in accounts receivable due to the nature of services, project cycles, and settlement methods [2] Group 1 - The company’s business operations have not changed [2] - The accounts receivable aging information can be found in the company's annual report [2] - There are differences in the collection periods for various business segments [2]

Core Viewpoint - The company, Chengjian Design (01599), announced that it secured significant project contracts totaling approximately RMB 3.175 billion in the third quarter, indicating strong performance in project bidding [1] Summary by Sections Project Bidding - The total amount of important project contracts won by the company for the three months ending September 30, 2025, is approximately RMB 3.175 billion (unaudited) [1] - Within this total, the surveying, design, and consulting segment accounted for approximately RMB 250 million (unaudited) [1] - The engineering general contracting segment secured contracts worth approximately RMB 2.925 billion (unaudited) [1]

Core Viewpoint - The company, Chengjian Design (01599.HK), announced significant project wins totaling approximately RMB 3.175 billion in the third quarter of 2025, indicating strong performance in securing contracts [1] Group 1: Project Wins - The total amount of important project bids won by the company is approximately RMB 31.75 billion (unaudited) [1] - Within this total, the surveying, design, and consulting segment secured contracts worth approximately RMB 2.50 billion (unaudited) [1] - The engineering general contracting segment won contracts amounting to approximately RMB 29.25 billion (unaudited) [1]

Group 1 - The company, Gan Consulting, reported that the average collection period for accounts receivable is approximately 272 days, indicating a significant duration for cash flow management [2] - The collection periods for various business segments such as planning, consulting, surveying, design, supervision, testing, and bidding vary due to the nature of the services provided [2] - The company has implemented a "two funds" reduction plan, focusing on the latest provincial debt resolution policies and continuously supervising subsidiaries to adopt targeted measures for debt collection [2] Group 2 - The company is actively enhancing its efforts in collecting accounts receivable through dedicated debt recovery, litigation, and other strategies to mitigate financial risks [2]

Core Viewpoint - The report highlights the financial performance and operational challenges faced by CSSC Science & Technology Co., Ltd. in the first half of 2025, with a significant increase in revenue but a substantial net loss due to competitive pressures in the wind power market and declining sales prices [2][3][9]. Financial Performance - The company reported a revenue of approximately 3.77 billion RMB, representing a year-on-year increase of 30.79% compared to 2.88 billion RMB in the same period last year [2][3]. - The total profit for the period was a loss of approximately 624 million RMB, compared to a loss of 62.7 million RMB in the previous year, indicating a significant deterioration in profitability [2][3]. - The net profit attributable to shareholders was approximately -574 million RMB, compared to -81.7 million RMB in the same period last year [2][3]. - The net cash flow from operating activities was -3.33 billion RMB, worsening from -2.61 billion RMB year-on-year [2][3]. Business Segments - The wind power segment generated revenue of approximately 2.37 billion RMB, with a gross margin of 75.97%, but faced a decline in sales prices leading to a gross profit decrease [10][11]. - The engineering design and consulting segment achieved revenue of approximately 256 million RMB, reflecting a year-on-year growth of 27.17% [10][11]. - The company’s wind turbine and components business saw a revenue increase of 130.75% to approximately 2.04 billion RMB, driven by more projects meeting revenue recognition criteria [9][10]. Industry Context - The wind power market remains highly competitive, with turbine bidding prices stabilizing but still low, impacting the company's margins [9][10]. - National policies are promoting the development of renewable energy, including wind and solar, which is expected to expand the market but also intensify competition [4][5]. - The total installed wind power capacity in China reached 365 million kW by mid-2025, with significant new installations contributing to market growth [4][5]. Strategic Initiatives - The company is focusing on enhancing its core competencies in wind power equipment and expanding its market presence through strategic partnerships and resource development [14][15]. - Efforts are being made to improve operational efficiency and reduce costs through innovation and localized production [14][15]. - The company aims to strengthen its investor relations and ensure sustainable returns to shareholders while navigating the challenges in the competitive landscape [14][15].

General Information - The company is named Metallurgical Corporation of China Ltd., established as a joint-stock company in accordance with the Company Law and Securities Law of the People's Republic of China [1][2] - The company was approved by the State-owned Assets Supervision and Administration Commission and registered on December 1, 2008, with a unified social credit code [1][2] Company Structure - The company is represented by a legal representative, typically the chairman or president, elected by the board of directors [2] - Shareholders are liable for the company's debts only to the extent of their subscribed shares, while the company is liable for its debts with all its assets [2][3] Business Objectives and Scope - The company's business objectives include compliance with laws, enhancing asset value, and achieving economic and social benefits [4] - The business scope includes engineering consulting, design, equipment leasing, and the development and sale of metallurgical equipment and materials [4][5] Share Capital and Stock Issuance - The company issues shares in the form of stocks with a nominal value of RMB 1 per share [12] - The total number of ordinary shares authorized for issuance is 13 billion, with the founding shareholders holding 12.87 billion shares [7] - The company completed its initial public offering of 3.5 billion shares in September 2009, raising its registered capital to RMB 16.5 billion [7][8] Shareholder Rights and Obligations - Shareholders have the right to receive dividends, attend shareholder meetings, and supervise company operations [17][41] - Shareholders must comply with laws and the company's articles of association, and they cannot withdraw their capital except as permitted by law [41][42] Governance and Decision-Making - The company’s board of directors is responsible for major decisions, including capital increases, profit distribution, and mergers [47][48] - Shareholder meetings can be called by the board or by shareholders holding at least 10% of the shares [51][56] Legal Compliance and Responsibilities - The company must adhere to legal requirements regarding external guarantees and cannot engage in transactions that exceed specified limits without shareholder approval [48][24] - Directors and senior management are accountable for their actions and can be held liable for damages caused to the company [19][20]