交通重大工程是扩内需、稳增长、促就业的重要领域之一 今年前5个月，我国交通运输营业性货运量、港口货物吞吐量、人员流动量等主要指标均保持增长，完 成交通固定资产投资1.2万亿元。 交通运输部综合规划司6月30日介绍，5月，货运量、港口货物吞吐量等主要指标延续增长态势，受"五 一"、端午出行带动，人员流动量增长较快，交通投资规模总体稳定。 数据显示，1—5月，全国交通运输行业完成营业性货运量230.8亿吨，同比增长4.1%。其中，完成公路 货运量169.2亿吨，同比增长4.3%；完成水路货运量40.4亿吨，同比增长4.5%。 一批交通重大工程发挥着"定盘星与压舱石"的作用。摄影/章轲 全国交通重大工程宣传联动机制下的交通重大工程项目已涵盖27省区市83个项目。6月30日，全国交通 重大工程宣传联动机制给记者提供的信息显示，进入7月份，又一批交通重大工程建设将进入重要时间 节点。 7月1日，G5612大理至临沧高速公路南涧至云县段南云高速项目全线首个隧道将贯通。该项目建成后， 将成为云南省西北部大理、丽江、迪庆等州市连接西南部临沧、普洱、西双版纳等州市所在地的最便捷 通道，对巩固滇西、滇西南边境山区脱贫攻坚成果，接 ...

Core Viewpoint - China Railway Group Limited (601390) has officially initiated a share buyback program, aiming to enhance shareholder value amidst declining revenues and profits due to pressures in the construction and real estate sectors [1][2]. Group 1: Share Buyback Details - The company plans to repurchase shares between June 20, 2025, and June 19, 2026, with a total buyback amount ranging from 800 million to 1.6 billion yuan, at a maximum price of 8.5 yuan per share [1]. - The estimated number of shares to be repurchased is approximately 94.11 million to 188 million, representing 0.38% to 0.76% of the total share capital [1]. - China Railway has secured a loan commitment from Industrial and Commercial Bank of China (ICBC) for up to 1.6 billion yuan, which will be used specifically for the share buyback [1]. Group 2: Financial Performance - In 2024, the company reported a revenue of 1.16 trillion yuan, a decrease of 8.17% year-on-year, and a net profit of 27.887 billion yuan, down 16.71% [2]. - The net profit excluding non-recurring items was 24.325 billion yuan, reflecting a decline of 21.21% year-on-year [2]. - New contracts signed in the engineering construction business totaled 1.87 trillion yuan, a decrease of 16.9%, with significant declines in road, municipal, and housing construction contracts [2]. Group 3: International Business Performance - The company has improved its international business management system, with overseas contract signing showing a notable increase [3]. - In the first quarter, new contracts amounted to 560.1 billion yuan, with domestic contracts declining by 13.6% and international contracts increasing by 33.4% [3]. - As of the end of the first quarter, the total uncompleted contract amount exceeded 7.23 trillion yuan, marking a growth of 5.1% compared to the end of the previous year [4].

General Provisions - The company aims to protect the legal rights of shareholders, employees, and creditors while establishing a modern corporate governance system in accordance with relevant laws and regulations [2][3] - The company was established on November 5, 2007, with a registered capital of RMB 1,357,954.15 million [3][4] Business Objectives and Scope - The company's business objectives include lawful operation, integrity, and creating value for society while maximizing shareholder interests [5] - The business scope encompasses various engineering and construction services, including railways, highways, urban transit, and international project contracting [5][6] Shares - The company has issued a total of 1,357,954.15 million shares, with 84.71% being domestic ordinary shares and 15.29% being foreign-listed shares [7] - The issuance of shares follows principles of openness, fairness, and justice, ensuring equal rights for all shareholders of the same category [7][8] Shareholder Rights and Responsibilities - Shareholders have rights to dividends, participation in meetings, and access to company documents, while also bearing responsibilities as per their shareholdings [14][40] - Shareholders must comply with laws and the company's articles of association, and they cannot withdraw their capital except as legally permitted [40][41] Shareholder Meetings - The company holds annual and extraordinary shareholder meetings, with specific procedures for convening and voting [48][49] - Shareholder proposals must be submitted in writing and are subject to legal and regulatory compliance [58][59] Voting and Resolutions - Resolutions can be classified as ordinary or special, with ordinary resolutions requiring a simple majority and special resolutions requiring a two-thirds majority [80][81]