A 股简称：中国中冶 A 股代码：601618 公告编号：临 2026-010 截至 2025 年 12 月 31 日，本公司无已签订尚未执行的重大项目。 特此公告。 中国冶金科工股份有限公司董事会 2026 年 1 月 23 日 1 中国冶金科工股份有限公司 2025 年四季度主要经营数据公告 中国冶金科工股份有限公司（以下简称"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。 本公司 2025 年新签合同额人民币 11,136.0 亿元，同比降低 10.8%，其中，四 季度新签合同额人民币 3,529.3 亿元，同比降低 1.0%。新签工程承包项目主要经营 数据如下： | 细分行业 | 年 2025 | 月 10-12 | 2025 | 年本年累计 | | | --- | --- | --- | --- | --- | --- | | | 新签项目 | 新签合同额 | 新签项目 | 新签合同额 | 同比增减 | | | 数量（个） | （亿元） | 数量（个） | （亿元） | | | 冶金工程与运 营服务 | 662 ...

Core Viewpoint - China State Construction Engineering Corporation (CSCEC) has achieved a record high in new contract signing for 2025, totaling 45,458 billion yuan, marking a 1% year-on-year increase [1][2]. Group 1: Contract Signing and Business Performance - In 2025, CSCEC's new contracts in the construction sector reached 41,510 billion yuan, reflecting a 1.7% increase year-on-year [1][3]. - The infrastructure business contributed 14,728 billion yuan, with a growth of 4.1%, while the housing construction business saw a slight increase of 0.5% to 26,654 billion yuan [3]. - The company reported a total of 39,253 billion yuan in domestic contracts, up 1.4%, and 2,257 billion yuan in overseas contracts, which grew by 6.9% [3]. Group 2: Research and Development - CSCEC has invested approximately 2,053 billion yuan in R&D over the past five years, ranking first among A-share listed companies [1][9]. - The company holds 70,887 valid patents, including 11,976 invention patents, showcasing its commitment to innovation [1][9]. Group 3: Strategic Focus and Market Expansion - CSCEC is prioritizing the expansion of its overseas business, aiming to enhance its effectiveness and adaptability in new markets [1][5]. - The company has recently secured significant projects totaling 320.9 billion yuan, including various infrastructure and housing projects [4]. Group 4: Financial Performance - In 2022, CSCEC's revenue surpassed 2 trillion yuan for the first time, reaching 2.06 trillion yuan, a year-on-year increase of 8.58% [7]. - However, in the first three quarters of 2025, the company reported a revenue decline of 4.20% year-on-year, totaling 1.56 trillion yuan, with a net profit of 381.82 billion yuan, down 3.83% [7][8].

Group 1 - The core viewpoint of the article is that China State Construction (SH 601668) held its 28th meeting of the fourth board of directors on December 15, 2025, to discuss the revision of the rules for the audit and risk committee [1] - For the first half of 2025, the revenue composition of China State Construction is as follows: 62.83% from housing construction projects, 24.67% from infrastructure construction and investment, 11.9% from real estate development and investment, 1.78% from other industries, and 0.45% from design and surveying [1] - As of the report date, the market capitalization of China State Construction is 214 billion yuan [1]

Company Overview - Chongqing Construction Group Co., Ltd. announced the resignation of director Li Haiying due to age reasons, effective December 1, 2025, after which he will no longer hold any position in the company [1]. Financial Performance - For the first half of 2025, the revenue composition of Chongqing Construction is as follows: 49.32% from housing construction projects, 36.7% from infrastructure construction and investment, 6.69% from specialized engineering, 3.64% from other income, and 2.28% from building decoration [1]. Market Valuation - As of the report date, the market capitalization of Chongqing Construction is 7.3 billion yuan [1].

Core Viewpoint - China State Construction Engineering Corporation (CSCEC) has recently secured three major projects totaling 10.67 billion yuan, which represents 0.5% of the company's audited revenue for 2024 [1][3]. Group 1: Recent Projects - The three major projects include the EPC general contracting for the Sichuan Mianyang Huike New Display Industry Park, the construction of the Guangdong Qingyuan Haosong Green Circular Science and Technology Innovation Park, and the construction of the Dalian Jinzhou Bay International Airport terminal and associated facilities [1][3]. - The contract amounts for these projects are 3.6 billion yuan, 2.8 billion yuan, and 4.27 billion yuan respectively [3]. Group 2: Financial Performance - In the first ten months of 2025, CSCEC signed new contracts worth 3.61 trillion yuan, a year-on-year increase of 1% [2][3]. - The company’s main revenue sources are from housing construction, infrastructure construction and investment, and real estate development [2]. - Cumulatively, from 2021 to 2024 and in the first three quarters of 2025, CSCEC achieved a net profit attributable to shareholders of approximately 241.1 billion yuan [2][6]. Group 3: Business Segments - In the first ten months of 2025, the housing construction segment generated new contracts worth 2.2 trillion yuan, up 1.5% year-on-year, while the revenue from this segment decreased by 5.3% to 988.9 billion yuan [4]. - The infrastructure construction segment signed new contracts worth 1.11 trillion yuan, a 3.1% increase year-on-year, with revenue slightly declining by 3.6% to 370.6 billion yuan [4]. - The real estate development segment saw a contract sales amount of 287.1 billion yuan, down 9.5% year-on-year, indicating challenges in the real estate market [4]. Group 4: Shareholder Support - To bolster market confidence, CSCEC's controlling shareholder, China State Construction Group, announced plans to increase its stake in the company, having already invested 623 million yuan to acquire 112 million shares [7].

Group 1 - The core point of the article is that Chongqing Construction Group has significant share pledges from its major shareholders, which may impact its financial stability and investor confidence [1] - As of the announcement date, Chongqing Construction's controlling shareholder holds approximately 844 million shares, accounting for 44.4% of the total share capital [1] - After the recent share pledges, the controlling shareholder has pledged about 422 million shares, which is 50% of its holdings and 22.2% of the total share capital [1] - The second-largest shareholder, Chongqing Expressway Group, holds around 527 million shares, representing 27.69% of the total share capital [1] - Following its share pledges, the second-largest shareholder has pledged approximately 187 million shares, which is 35.56% of its holdings and 9.85% of the total share capital [1] Group 2 - For the first half of 2025, the revenue composition of Chongqing Construction is as follows: 49.32% from housing construction, 36.7% from infrastructure construction and investment, 6.69% from specialized engineering, 3.64% from other income, and 2.28% from building decoration [1] - The current market capitalization of Chongqing Construction is 7.3 billion yuan [2]

Group 1 - The core point of the article is that China State Construction (SH 601668) announced a board meeting on November 25, 2025, to discuss the cancellation of the supervisory board and amendments to the company's articles of association [1] - For the first half of 2025, the revenue composition of China State Construction is as follows: 62.83% from housing construction projects, 24.67% from infrastructure construction and investment, 11.9% from real estate development and investment, 1.78% from other industries, and 0.45% from design and surveying [1] - As of the report date, the market capitalization of China State Construction is 217.8 billion yuan [1] Group 2 - The article also mentions that a newly listed company, identified by the code 688496, is under investigation by the China Securities Regulatory Commission due to a significant loss exceeding 100 million yuan shortly after its listing [1] - The core product of this company has been severely impacted as its largest customer has reduced procurement by opting for self-supply [1]

Core Viewpoint - Hongrun Construction's stock price has experienced significant fluctuations, with an overall increase of 88.19% this year, but a recent decline in the last five and twenty trading days [1] Group 1: Stock Performance - As of November 20, Hongrun Construction's stock price was 9.43 CNY per share, with a market capitalization of 11.667 billion CNY [1] - The stock has seen a decline of 2.08% during the trading session on November 20, with a trading volume of 78.048 million CNY and a turnover rate of 0.73% [1] - Year-to-date, the stock has risen by 88.19%, but it has dropped by 7.37% in the last five trading days and 16.25% in the last twenty trading days [1] Group 2: Financial Metrics - For the period from January to September 2025, Hongrun Construction reported a revenue of 4.262 billion CNY, a year-on-year decrease of 0.47%, and a net profit attributable to shareholders of 244 million CNY, down 2.41% year-on-year [2] - The company has distributed a total of 1.293 billion CNY in dividends since its A-share listing, with 342 million CNY distributed in the last three years [2] Group 3: Business Overview - Hongrun Construction, established in December 1994 and listed in August 2006, is primarily engaged in municipal public works, building construction, urban rail transit engineering, and real estate development [2] - The company's revenue composition includes 76.18% from construction and municipal infrastructure investment, 20.80% from new energy development, 5.53% from real estate development, and 0.69% from other businesses [2] - Hongrun Construction is categorized under the construction decoration and municipal engineering sectors, with involvement in concepts such as shield machines, robotics, and railway infrastructure [2] Group 4: Shareholder Information - As of September 30, 2025, Hongrun Construction had 35,200 shareholders, an increase of 2.55% from the previous period, with an average of 31,972 circulating shares per shareholder, a decrease of 2.48% [2] - The fourth largest circulating shareholder is Hong Kong Central Clearing Limited, holding 16.576 million shares as a new shareholder [2]

Core Viewpoint - Chongqing Construction's stock has experienced fluctuations, with a recent decline of 2.05% and a year-to-date increase of 27.24%, indicating volatility in market performance [1][2]. Financial Performance - For the period from January to September 2025, Chongqing Construction reported operating revenue of 18.418 billion yuan, a year-on-year decrease of 8.58%, and a net profit attributable to shareholders of -625 million yuan, reflecting a significant decline of 1088.34% [2]. - The company has distributed a total of 600 million yuan in dividends since its A-share listing, with 64.66 million yuan distributed over the past three years [3]. Stock Market Activity - As of November 17, the stock price was 3.83 yuan per share, with a total market capitalization of 7.284 billion yuan. The trading volume was 115 million yuan, with a turnover rate of 1.57% [1]. - The stock has appeared on the "Dragon and Tiger List" six times this year, with the most recent net purchase of 25.77 million yuan on November 10 [1]. Shareholder Information - As of November 10, the number of shareholders increased by 25.45% to 59,600, while the average circulating shares per person decreased by 20.29% to 31,884 shares [2]. - Hong Kong Central Clearing Limited is the seventh largest circulating shareholder, holding 5.2625 million shares, an increase of 1.6774 million shares from the previous period [3].

Core Viewpoint - Chongqing Construction's stock has shown significant fluctuations, with a year-to-date increase of 29.90% but a recent decline of 1.51% over the last five trading days [1] Group 1: Stock Performance - As of November 14, Chongqing Construction's stock price reached 3.91 CNY per share, with a market capitalization of 7.436 billion CNY [1] - The stock has experienced a net inflow of 2.2951 million CNY from major funds, with large orders accounting for 10.17% of total buying and 9.56% of total selling [1] - The stock has appeared on the daily trading leaderboard six times this year, with the latest instance on November 10, showing a net purchase of 25.7701 million CNY [1] Group 2: Company Overview - Chongqing Construction Group was established on April 21, 1998, and went public on February 21, 2017, focusing on housing construction, infrastructure development, and related services [2] - The company's revenue composition includes housing construction (49.32%), infrastructure engineering (36.70%), specialized engineering (6.69%), and other income sources [2] - As of October 31, the number of shareholders decreased by 0.63% to 47,500, with an average of 40,000 circulating shares per shareholder [2] Group 3: Financial Performance - For the period from January to September 2025, Chongqing Construction reported a revenue of 18.418 billion CNY, a year-on-year decrease of 8.58%, and a net profit attributable to shareholders of -625 million CNY, reflecting a significant decline of 1088.34% [2] - The company has distributed a total of 600 million CNY in dividends since its A-share listing, with 64.6608 million CNY distributed over the past three years [3] - As of September 30, 2025, Hong Kong Central Clearing Limited was the seventh-largest circulating shareholder, increasing its holdings by 1.6774 million shares [3]