近年来，* ST围海 业绩持续承压。财务数据显示，2022年至2024年，公司实现营业收入分别为25.6亿 元、21.33亿元、24.83亿元，公司连续三年录得归母净利润亏损，分别亏损4.97亿元、1.37亿元、1.51亿 元。 长江商报奔腾新闻记者发现，2025年前三季度，* ST围海 业绩迎来了回暖，其归母净利润更是实现自 2022年以来首次同期盈利。报告期内，公司实现营业总收入12.9亿元，归母净利润3752万元，实现扭亏 为盈。 不过，在扭亏的同时，公司的现金流状况仍需关注。2025年前三季度，公司经营活动产生的现金流量净 额为-4.06亿，同比下降110.54%，公司表示主要系主要是本期支付工程款较上年同期有较大增加所致。 值得注意的是，* ST围海 被实施退市风险警示的原因可追溯至数年前。根据公司公告，其股票最早于 2019年5月29日因违规担保、资金占用等事项被实施"其他风险警示"。此后，因主要银行账号被冻结、 重要子公司失控的重大缺陷等问题，风险警示被多次叠加。最新的警示源于2025年4月，公司因披露的 年度报告财务指标存在虚假记载，收到宁波证监局的《行政处罚事先告知书》，股票于4月21日起被 ...

资料显示，*ST围海成立于1988年6月25日，于2011年6月2日在深圳证券交易所上市。公司的主营业务 为各类水利水电工程、房屋建筑工程、市政工程、港口与航道工程及辅助生产设施工程等施工。 近年来，*ST围海业绩持续承压。财务数据显示，2022年至2024年，公司实现营业收入分别为25.6亿 元、21.33亿元、24.83亿元，公司连续三年录得归母净利润亏损，分别亏损4.97亿元、1.37亿元、1.51亿 元。 长江商报奔腾新闻记者发现，2025年前三季度，*ST围海业绩迎来了回暖，其归母净利润更是实现自 2022年以来首次同期盈利。报告期内，公司实现营业总收入12.9亿元，归母净利润3752万元，实现扭亏 为盈。 长江商报奔腾新闻见习记者 王浩男 国内水利工程建筑商*ST围海（002586.SZ）近期再次斩获大额订单。 12月9日，*ST围海发布公告称，公司作为牵头方，与中国建筑西南勘察设计研究院有限公司组成的联 合体，已确认为"云南省曲靖市罗平县智慧农业项目工程总承包（EPC）三标段"的中标单位。项目中标 金额为6.52亿元。根据公告，此次中标金额约占公司2024年度经审计营业总收入的26.27%。 在 ...

Core Viewpoint - Huitong Group's stock price experienced a decline of 1.64% on August 12, 2025, closing at 7.21 yuan, despite a brief rebound earlier in the day [1] Group 1: Stock Performance - As of August 12, 2025, Huitong Group's stock opened at 7.33 yuan, reached a high of 7.39 yuan, and a low of 7.16 yuan, with a trading volume of 341,300 shares and a turnover of 247 million yuan [1] - The stock saw a rapid increase of over 2% within 5 minutes during the early trading session, with a price rise from 7.12 yuan to 7.35 yuan between 9:24 AM and 9:30 AM, accumulating a transaction value of 8.93 million yuan [1] - On the same day, the net outflow of main funds was 21.45 million yuan, accounting for 0.64% of the circulating market value, although there was a cumulative net inflow of 15.77 million yuan over the past five trading days [1] Group 2: Business Overview - Huitong Group is engaged in infrastructure construction, including highway, municipal, and housing construction projects, with its registered location in Hebei Province [1] - The company's operations are involved in national strategic construction projects such as the Xiong'an New Area and new urbanization initiatives [1]

Group 1 - The company, Huitong Construction Group, has won a bid for the "High-speed Railway Vocational Education Center New Construction Project" with a contract amount of 426 million yuan, covering a construction area of 53,000 square meters and expected completion by December 31, 2026 [1] - The project is supported by local government special bonds, indicating a high level of payment security for such vocational education infrastructure projects [1] - The successful bid is expected to enhance the company's business volume and performance, laying a solid foundation for stable development in its main business [1] Group 2 - The company holds multiple high-level qualifications, including being the second private enterprise in the country to obtain a special grade qualification for highway engineering construction, which reflects its comprehensive competitive strength [2] - The industry is currently in a "qualification + technology" dual-driven phase, where qualification levels serve as an "entry ticket" for participating in major projects, directly influencing project scale and profit margins [2] - The company emphasizes that its high-level and diverse business qualifications are fundamental to its sustained rapid growth [3] Group 3 - The company is strategically located in Baoding, Hebei Province, near Beijing and the Xiong'an New Area, benefiting from national strategies like the coordinated development of the Beijing-Tianjin-Hebei region and infrastructure investments [3] - The recent bid win strengthens the company's competitive position in the regional infrastructure market and provides a substantial order reserve to ensure short-term performance [3] - The company aims to leverage its proximity to the Xiong'an New Area and utilize self-developed intelligent construction systems to improve cost efficiency and profitability [3]

Core Viewpoint - The company received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, focusing on performance commitments and related party transactions, and has provided detailed responses to the inquiries raised [1][2]. Group 1: Performance Commitments - The company acquired 100% of the shares of Xiangyuan Construction for 195 million yuan, with performance commitments of net profits of 40.68 million yuan, 34.48 million yuan, and 60.53 million yuan, achieving a cumulative completion rate of 113% [1]. - The controlling shareholder, Xiangyuan Holdings, pledged to compensate for any impairment losses incurred during the disposal of 82 properties used to offset construction payments totaling 132 million yuan [1][2]. Group 2: Related Party Revenue - Revenue from related parties during the performance commitment period (2021-2023) showed a decreasing trend, with related sales revenue of 86.81 million yuan in 2021, 66.97 million yuan in 2022, and 46.82 million yuan in 2023, representing 95.07%, 82.57%, and 50.23% of total revenue respectively [2][3]. - The company has actively expanded its external business, resulting in a significant reduction in revenue from related parties [2][3]. Group 3: Accounts Receivable and Bad Debt Provisions - The accounts receivable from related parties at the end of 2023 amounted to 7.08 billion yuan, with a bad debt provision rate of 1.27%, significantly lower than the 6.83% for non-related parties [10][12]. - The company reported that the accounts receivable from the top ten related parties showed normal repayment status, with no significant under-provisioning of bad debts during the performance commitment period [6][9]. Group 4: Asset Disposal and Impairment - As of now, the company has completed the disposal of assets totaling 107.38 million yuan, accounting for 81.31% of the total 132.05 million yuan of assets used for debt offset [6][7]. - There were no impairment losses reported for the properties held for debt offset as of the reporting period [6][8]. Group 5: 2024 Performance and Future Outlook - The company expects to achieve operating revenue of 69.14 million yuan and net profit of 14.57 million yuan in 2024, with a notable decrease in related sales revenue to 21.23 million yuan [7][8]. - The company has successfully reduced the proportion of related transactions in its construction business to 30.71% by actively pursuing external business opportunities [7][8].