证券代码：601668 证券简称：中国建筑 公告编号：临 2025-048 2025 年 1-7 月经营情况简报 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 项 目 | 数 额 比上年同期增长 | | --- | --- | | 新签合同总额（亿元 RMB） | 26,798 1.4% | | 一、建筑业务情况 | | | 1. 新签合同额（亿元 RMB） | 24,868 2.1% | | 2. 业务分部（亿元 RMB） | | | 房屋建筑 | 16,258 -0.4% | | 基础设施 | 8,533 7.4% | | 勘察设计 | 77 -7.2% | | 3. 地区分部（亿元 RMB） | | | 境内 | 23,595 2.6% | | 境外 | 1,273 -5.5% | | 4.实物量指标（万 2） m | | | 房屋建筑施工面积 | 153,131 -1.2% | | 房屋建筑新开工面积 | 15,708 -8.5% | | 房屋建筑竣工面积 | 10,366 4.7% | 1 | | 项 目 | ...

Core Viewpoint - The company, China Communications Design, has a current stock price of 8.14 yuan, with a rolling PE ratio of 10.66 times, significantly lower than the industry average of 67.89 times, indicating potential undervaluation in the engineering consulting sector [1][2] Company Summary - The main business of China Communications Design is engineering technology and design services, including surveying and design, general contracting, project management, engineering testing, and supervision [1] - The company has received over 40 technology-related awards, including 3 at the provincial level or above, and holds nearly 200 authorized invention patents, with 2 being international patents [1] - The latest quarterly report for Q1 2025 shows a revenue of 1.674 billion yuan, a year-on-year decrease of 21.77%, while net profit reached 93.93 million yuan, a year-on-year increase of 1.91%, with a gross profit margin of 14.83% [1] Shareholder Information - As of July 31, 2025, the number of shareholders for China Communications Design is 71,241, an increase of 15,302 from the previous count, with an average holding value of 352,800 yuan and an average shareholding of 27,600 shares per shareholder [1] Industry Summary - The average PE ratio for the engineering consulting industry is 67.89 times, with a median of 39.84 times, positioning China Communications Design at 19th place within the industry [2] - The industry shows a wide range of PE ratios, with the highest being 36.09 times for Huajian Group and the lowest at 10.09 times for Design Institute [2]

Core Viewpoint - The company Jianfa Hecheng's stock price has decreased by 3.05%, with a current PE ratio of 28.34, significantly lower than the industry average of 65.28 [1][2] Company Summary - Jianfa Hecheng's main business includes six areas: surveying and design, project management, testing and inspection, construction, comprehensive maintenance, and engineering new materials [1] - The company has received multiple awards, including two "Minjiang Cup" awards, two provincial science and technology progress awards, and a gold award from the GHDA Global Habitat Design Awards [1] Financial Performance - For Q1 2025, the company reported a revenue of 1.54 billion yuan, a year-on-year decrease of 5.52%, and a net profit of 20.21 million yuan, down 9.59% year-on-year, with a gross profit margin of 4.91% [1] Shareholder Information - As of March 31, 2025, the number of shareholders in Jianfa Hecheng is 7,617, an increase of 318 from the previous count, with an average holding value of 352,800 yuan and an average holding of 27,600 shares per shareholder [1] Industry Comparison - The average PE ratio for the engineering consulting services industry is 65.28, with a median of 39.48, placing Jianfa Hecheng at 27th in the industry ranking [1][2]

Core Insights - The company Zhongjiao Design closed at 8.15 yuan, with a 1.24% increase, resulting in a rolling PE ratio of 10.67 times and a total market capitalization of 18.701 billion yuan [1] - In comparison to the engineering consulting services industry, which has an average PE ratio of 62.28 times and a median of 40.57 times, Zhongjiao Design ranks 19th [1] - As of the first quarter of 2025, only one institution holds shares in Zhongjiao Design, with a total of 23,300 shares valued at 0.00 billion yuan [1] Company Overview - Zhongjiao Design Consulting Group Co., Ltd. specializes in engineering technology and design services, with key products including surveying and design, general contracting, project management, engineering testing, and supervision [1] - The company has received over 40 technology-related awards, including 3 at the provincial level or above, and holds nearly 200 authorized invention patents, including 2 international patents [1] - The company has also added 1 national-level talent, 2 experts receiving State Council government allowances, and 23 provincial-level talents, while publishing 4 industry standards to support high-quality development [1] Financial Performance - For the first quarter of 2025, Zhongjiao Design reported an operating income of 1.674 billion yuan, a year-on-year decrease of 21.77%, and a net profit of 93.9317 million yuan, reflecting a year-on-year increase of 1.91% [1] - The sales gross margin for the company stands at 14.83% [1]

另外，《预重整计划草案》还指出，重整完成后，*ST交投的基本面预期将发生根本性改善，财务和经 营状况预期得到改善，持续盈利能力有望逐步增强，广大中小投资者的合法权益将得到有效保护。 同时，*ST交投披露的《预重整计划草案》充分体现股东与债权人利益平衡，债务清偿方案充分兼顾不 同类型债权人诉求。公告显示，公司《预重整计划草案》采取信托计划方式，剥离合计21项资产，用以 抵偿部分债务。财务投资人认购合计3400万元的信托底层资产。 值得注意的是，产业投资人名下的优质资产有望获得注入，*ST交投主营业务可能发生变化。《预重整 计划草案》重整完成后，云南交投集团将根据*ST交投的发展需求和市场环境，重点围绕绿色能源、勘 察设计、数智交通、优质高速公路资产等领域，通过发行股份购买资产、现金收购等方式，择机注入云 南交投集团名下产业关联度较高、孵化培育较为成熟的产业资源。 根据有关公告，鉴于*ST交投因2024年度末经审计的归母净资产为负值，根据《深圳证券交易所股票上 市规则》的相关规定，公司股票交易被实施"退市风险警示"。对此，业内人士表示，*ST交投预告2025 年半年度业绩进一步亏损，如没有其他有效的保壳手段，20 ...

Group 1 - The core viewpoint of the news is that Jianfa Heceng's stock price has increased by 2.59% to 10.68 yuan, with a rolling PE ratio of 29.79, marking a new low in 302 days, and a total market value of 2.784 billion yuan [1] - The average PE ratio for the engineering consulting service industry is 62.48, with a median of 40.71, placing Jianfa Heceng at the 27th position in the industry ranking [1][2] - As of March 31, 2025, Jianfa Heceng has 7,617 shareholders, an increase of 318 from the previous count, with an average holding value of 352,800 yuan and an average holding quantity of 27,600 shares [1] Group 2 - Jianfa Heceng's main business includes six areas: surveying and design, project management, testing and inspection, construction, comprehensive management, and engineering new materials [1] - The company has received several awards, including two "Minjiang Cup" awards, two provincial science and technology progress awards, and one second prize from the China Highway Construction Industry Association for technological progress [1] - In the latest quarterly report for Q1 2025, the company reported a revenue of 1.540 billion yuan, a year-on-year decrease of 5.52%, and a net profit of 20.2068 million yuan, down 9.59%, with a gross profit margin of 4.91% [1]

Group 1 - The closing price of Huasheng Group on July 31 was 8.39 yuan, down 1.06% from the previous trading day [1] - The trading volume on that day was 130 million yuan, with a turnover rate of 2.26%, and a total market capitalization of 5.737 billion yuan [1] - Huasheng Group primarily engages in engineering consulting services and is a significant provider of infrastructure construction services in Jiangsu Province, covering areas such as planning consulting, surveying design, and engineering supervision [1] Group 2 - Recently, Huasheng Group established a wholly-owned subsidiary, Jiangsu Huasheng Surveying Technology Co., Ltd., with a registered capital of 10 million yuan [1] - The new company's business scope includes artificial intelligence public data platforms and soil pollution治理与修复服务 [1] - On July 31, the net outflow of main funds was 1.7623 million yuan, accounting for 0.03% of the circulating market value [1]

Investment Rating - The report maintains an "Accumulate" rating for the company [2][6]. Core Views - The company has shown steady growth in new contracts signed in the first half of 2025, which will strongly support future performance [5]. - The total new contracts signed in the first half of 2025 amounted to 2.5 trillion yuan, a year-on-year increase of 0.9%. The construction business contributed 2.32 trillion yuan, up 1.7% year-on-year [5]. - The real estate business remains industry-leading despite a decline in contract sales, with a total of 174.5 billion yuan in sales, down 8.9% year-on-year [5]. - The company has a robust land reserve of 76.27 million square meters, with 5.2 million square meters acquired in the first half of 2025 [5]. - The company reported a revenue of 2.18715 trillion yuan in 2024, a decrease of 3.5%, and a net profit of 461.9 billion yuan, down 14.9% [5]. - The company has a high dividend yield of approximately 4.5%, with a dividend payout ratio of 24.3% in 2024, the highest since its listing [5]. - The company is expected to achieve earnings per share (EPS) of 1.16 yuan and 1.20 yuan for 2025 and 2026, respectively, corresponding to price-to-earnings (PE) ratios of 5.08 and 4.9 times [5]. Summary by Sections Company Overview - The company is a leading player in the global construction industry, demonstrating resilience during recent cyclical downturns in the real estate and construction sectors [5]. Financial Performance - The company’s first quarter of 2025 showed a revenue of 555.34 billion yuan, a year-on-year increase of 1.1%, and a net profit of 150.13 billion yuan, up 0.6% [5]. Market Position - The company’s real estate sales scale is industry-leading, and it is expected to further increase market share amid cyclical challenges [5].

Core Viewpoint - The growth of China Communications Design Co., Ltd. (中交设计) since its listing in 1996 reflects not only the company's expansion but also the development of the engineering design industry, although recent years show a slowdown in growth momentum [1][3]. Business Overview - The main business of the company includes engineering technology and design services, with the core products divided into surveying and design, and engineering general contracting and project management. Surveying and design account for the highest revenue share at 74.95%, followed by engineering general contracting and project management at 15.77% [3]. Financial Performance - Since its listing, the company has achieved a cumulative profit growth of 6762.58%, with net profit increasing from 0.26 billion yuan in 1996 to 17.51 billion yuan in the latest complete fiscal year of 2024. The company has not reported a loss in any year, with 14 years of profit growth, representing 53.85% of the years [3]. - Revenue has grown from 7.81 billion yuan in 2020 to 12.43 billion yuan in 2024, although the growth rate has shown signs of slowing down [3]. - The net profit increased from 1.44 billion yuan in 2020 to 1.75 billion yuan in 2024, indicating overall profit growth despite noticeable fluctuations during this period [3]. Market Capitalization - The company's market capitalization has increased 39.95 times since its listing, indicating long-term investment value. The peak market capitalization reached 25.75 billion yuan on April 22, 2024, with the stock price rising to 12.49 yuan. However, by July 15, the market capitalization decreased to 18.06 billion yuan, representing a loss of 7.69 billion yuan, or 29.87% from its peak [5].

Group 1 - The core viewpoint of the articles highlights the performance and valuation of China Communications Design Group Co., Ltd. (中交设计), noting its current stock price, market capitalization, and comparison with industry averages [1][2] - As of June 24, the company's stock closed at 7.74 yuan, with a rolling price-to-earnings (PE) ratio of 10.13 times, and a total market value of 17.76 billion yuan [1] - The engineering consulting services industry has an average PE ratio of 57.65 times, with a median of 40.39 times, positioning China Communications Design at 19th place within the industry [1] Group 2 - The company reported a revenue of 1.674 billion yuan for the first quarter of 2025, reflecting a year-on-year decrease of 21.77%, while net profit was 93.93 million yuan, showing a year-on-year increase of 1.91% [1] - The gross profit margin for the company stands at 14.83% [1] - As of the first quarter of 2025, seven institutions held shares in the company, with a total holding of 318.77 million shares valued at 2.703 billion yuan [1] Group 3 - The company specializes in engineering technology and design services, with key products including surveying and design, general contracting, project management, engineering testing, and supervision [1] - The company has received over 40 technology-related awards, including three at the provincial level or above, and holds nearly 200 authorized invention patents, including two international patents [1] - The company has established a closed loop of "technical breakthroughs - standard formulation - industrial landing," reinforcing its foundation for high-quality development [1]