（来源：沈阳日报） 转自：沈阳日报 近日，从上海传来振奋人心的消息：总部位于沈阳的远大铝业工程有限公司，凭借其卓越的技术实力、 系统的管理能力和深厚的工程积淀，成功中标上海浦东国际机场四期扩建工程航站区幕墙专业工程（六 标段）。这不仅是企业2026年市场开拓的"开门红"，更是"沈阳智造"高端建筑系统解决方案强势回归国 内核心交通枢纽建设舞台的标志性突破，彰显了沈阳制造业在国家重大战略工程中的担当与风采。 上海浦东国际机场四期扩建工程是国家"十四五"规划重点工程，也是长三角世界级机场群建设的核心枢 纽，对提升上海国际航空枢纽能级、服务区域经济社会发展具有重大战略意义。远大铝业此次中标的标 段，主要承担国内航站楼约12万平方米的幕墙系统建设任务。面对这一承载国家形象、技术要求极高的 超级工程，远大铝业以"沈阳智造"的匠心与智慧，直面挑战。 以数字化与精密制造 沈阳日报、沈报全媒体记者 黄超 本项目幕墙体量宏大、造型复杂、品质要求极高。其中，超过7万平方米的蜂窝铝板幕墙面临"量大、多 曲、超宽板"三大罕见难点；大量大跨度精制钢龙骨对加工与安装精度提出极限要求。对此，远大铝业 充分发挥其在超大型复杂幕墙系统领域的领先 ...

Summary of Jianghe Group's Conference Call Company Overview - **Company**: Jianghe Group - **Industry**: Construction and Building Materials Key Points Dividend Policy - Jianghe Group plans to increase its annual cash dividend ratio to no less than 80% of the distributable profit or a minimum of 450 million yuan, whichever is higher, over the next three years, reflecting confidence in future operations and commitment to investor returns [2][3] - The minimum dividend target for 2025 is set at 510 million yuan, with a historical average dividend payout ratio of 60% since its listing [2][7] Order Backlog and Revenue Assurance - As of the end of 2024, the total order backlog is over 33 billion yuan, with new orders in the first half of 2025 nearing 13.7 billion yuan, a year-on-year increase of 6.3% [2][4] - The company expects the order backlog to reach 35-36 billion yuan by the end of June 2025, providing a solid foundation for revenue in the next one to two years [2][5] Cash Flow Management - Jianghe Group emphasizes cash flow management, achieving over 1.6 billion yuan in operating cash flow in 2024, with cash flow per share being 2.5 times the net profit per share [2][6] - The company has maintained operating cash flow exceeding 1 billion yuan annually for the past decade, which supports its high dividend payout strategy [2][6] Client Selection and Risk Management - The company avoids high-risk projects by not engaging in advance-funded projects and has a diversified client base, reducing the impact of any single client's issues [11][12] - Jianghe Group primarily serves clients from various industries, including internet, finance, and pharmaceuticals, ensuring a stable revenue stream [11] International Business and Profitability - The proportion of overseas orders has increased significantly, reaching 48% in the first half of 2025, with overseas orders having a gross margin 10 percentage points higher than domestic orders [4][14] - The company maintains strict standards for selecting overseas projects, only considering those with a gross margin above 25% to avoid price wars [16] Strategic Development and Productization - Jianghe Group is transitioning from pure customization to semi-standardized development, aiming to enhance its product offerings and market presence [22][23] - The company is focusing on productization strategies, including the development of BIPV (Building-Integrated Photovoltaics) products, which have seen significant order growth [22][24] Future Growth and Market Outlook - The company anticipates optimistic profit growth trends due to a robust order backlog and increasing overseas market presence, despite domestic competition [13][25] - Investors are encouraged to focus on Jianghe Group's productization strategy and its commitment to high-quality operations, which are expected to drive long-term growth [26][27] Shareholder Return Strategy - Jianghe Group is committed to returning value to shareholders while maintaining a balance between steady growth and shareholder returns, reflecting its long-term strategic goals [27]