（编辑 袁冠琳） 证券日报网讯 地铁设计8月26日发布公告，在公司回答调研者提问时表示，公司2025年上半年工程总承 包业务收入占比提升主要与工程总承包类项目上半年项目实际确认进度有关，其中公司合同能源管理业 务纳入工程总承包类业务核算，由于部分以合同能源管理模式实施的轨道交通空调系统节能改造项目投 入运营确认收入，上半年工程总承包业务收入占比有所提升。从全年工程总承包类业务规模来看，目前 公司工程总承包业务收入占比为10%左右。 ...

证券代码：000928 证券简称：中钢国际 公告编号：2025-29 中钢国际工程技术股份有限公司 关于2025年第二季度工程业务经营情况的自愿性信息披露公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚 假记载、误导性陈述或重大遗漏。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管 指引第 3 号——行业信息披露（2025 年修订）》等相关规定，中钢国际工程技 术股份有限公司（以下简称"公司"）现将 2025 年第二季度工程总承包业务经 营情况简报如下： 注：已生效正在执行项目金额为未完工部分预期收入。 截至报告期末，公司无重大已中标尚未签约订单。 二、未完工重大项目情况 报告期内未完工重大项目进展情况如下： 一、2025 年第二季度（4-6 月）订单情况 数量（个） 金额（亿元） 2025 年第二季度新签项目合同 31 23.29 其中：国内项目 17 3.77 国外项目 14 19.52 截至 2025 年 6 月末累计已签约未完工订单 298 389.26 其中：已生效正在执行项目 267 218.66 已签约尚未生效项目 31 170.60 单位：万元 项目名 ...

Core Viewpoint - China Haicheng (002116.SZ), a subsidiary of China Light Industry Group, continues to show steady growth, with significant increases in revenue and net profit for the first half of 2025, alongside a strong order backlog and strategic transformation into new energy and materials sectors [2][3]. Financial Performance - In the first half of 2025, China Haicheng achieved operating revenue of 2.745 billion yuan and a net profit of 152 million yuan, marking year-on-year increases of 0.67% and 8.52% respectively, both reaching historical highs for the same period [3]. - For the full year 2024, the company reported operating revenue of 6.821 billion yuan, a 2.54% increase year-on-year, and a net profit of 335 million yuan, up 8.06% [3]. Order and Contract Status - In the first half of 2025, the company signed new contracts worth 4.209 billion yuan, a decrease of 8.93% year-on-year, but maintained a robust order backlog with 143 ongoing projects valued at approximately 8.083 billion yuan as of the end of Q2 2025 [3][4]. Business Segments - The company operates in various sectors, including traditional industries like pulp and paper, food fermentation, and emerging sectors such as energy conservation and green building. In 2024, the engineering contracting business generated 5.045 billion yuan, accounting for 73.96% of total revenue [5][6]. International Expansion - China Haicheng is focusing on international markets, particularly along the Belt and Road Initiative, aiming for overseas business revenue to reach 20%-30% of total revenue in the future [6]. Research and Development - The company has consistently increased its R&D investment, with expenditures rising from 180 million yuan in 2021 to 264 million yuan in 2024, reflecting a commitment to innovation and digital transformation [6]. Financial Health - As of the end of Q1 2025, China Haicheng reported a cash balance of 3.149 billion yuan and a low debt level of 22.9 million yuan, resulting in a debt-to-asset ratio of 58.82%, indicating strong liquidity and financial stability [6]. Shareholder Returns - China Haicheng has a strong track record of returning cash to shareholders, with 19 consecutive years of dividends totaling 1.22 billion yuan, resulting in a payout-to-financing ratio of 199% [7].

Summary of Key Points Core Viewpoint - China Haicheng (002116) reported a total of new signed engineering contracting orders amounting to 2.454 billion yuan in the second quarter of 2025, indicating a strong performance in securing new projects [1] Group 1: New Signed Orders - The company secured new engineering contracting orders of 1.919 billion yuan, design business orders of 315 million yuan, supervision business orders of 119 million yuan, and consulting business orders of 102 million yuan, totaling 2.454 billion yuan [1] - By industry classification, the orders included 1.255 billion yuan in pulp and paper, 444 million yuan in food fermentation, 39.78 million yuan in daily chemicals, 224 million yuan in civil and public construction, 38.58 million yuan in municipal projects, 18.1 million yuan in environmental protection, 32.36 million yuan in new energy materials, 13 million yuan in pharmaceuticals, and 110 million yuan in other orders [1] Group 2: Domestic and International Orders - The company received 1.678 billion yuan in new signed domestic orders and 776 million yuan in new signed overseas orders [1] Group 3: Ongoing and Upcoming Projects - As of the end of the second quarter of 2025, the company had a total of 143 signed but uncompleted engineering contracting projects, amounting to approximately 8.083 billion yuan [1] - In the second quarter of 2025, the company had 3 projects that were won but not yet signed, with a total value of 486 million yuan [1]

Core Viewpoint - Hangzhou Garden has demonstrated a strong commitment to shareholder returns through consistent cash dividends since its IPO in 2017, totaling 77.1758 million yuan over eight years, despite challenges in the macroeconomic environment [1] Group 1: Financial Performance and Shareholder Returns - The company has implemented cash dividends for eight consecutive years, reflecting its dedication to shareholder interests [1] - Cumulative dividends amount to 77.1758 million yuan, showcasing a stable dividend policy [1] Group 2: Industry Challenges and Company Strategies - The landscaping industry faces challenges such as economic slowdown and reduced budgets for municipal landscaping projects [1] - Hangzhou Garden has adapted by strengthening cooperation with existing clients and exploring new markets like ecological restoration and rural revitalization, which are supported by policies and have significant market potential [1] Group 3: Research and Development - The company has increased its R&D investment, with the proportion of R&D expenses to revenue rising to 7.19% in 2024 from 5.37% in 2023 [2] - Innovative design solutions have established a strong reputation in the landscaping design sector, contributing to the company's competitive edge [2] Group 4: Project Management and Execution - Hangzhou Garden employs digital management techniques for real-time monitoring of project processes, ensuring timely delivery and cost control [2] - The company has received accolades, such as the 2023 West Lake Cup for quality engineering, enhancing its market competitiveness [2] Group 5: Business Expansion and Future Outlook - The company is advancing the overseas listing of its subsidiary, which is expected to create new growth opportunities and enhance valuation [3] - Hangzhou Garden plans to optimize project management processes and explore new business models, such as urban renewal projects and smart landscaping collaborations, to improve resilience and profitability [3]