签约单位：中国核工业二四建设有限公司，合同名称：江苏徐圩核能供热发电厂一期3号机组核岛及其 配套 BOP 土建施工工程合同。 格隆汇12月17日丨中国核建(601611.SH)公布，公司子公司近期签署的核电工程合同情况公告如下： ...

Core Viewpoint - China Nuclear Engineering (601611.SH) has experienced a stock price increase of over 50% in the past month, but is now facing a share reduction plan from its major shareholder, China Cinda Asset Management Co., Ltd. [1] Group 1: Shareholder Actions - China Cinda plans to reduce its holdings by up to 30.14 million shares, representing 1% of the total share capital, within three months starting from October 27 [1] - As of now, China Cinda holds approximately 309 million shares, accounting for 10.26% of the total share capital [2] - The potential cash-out from the maximum reduction could amount to approximately 420 million yuan based on the closing price on October 27 [1] Group 2: Financial Performance - For the first half of the year, China Nuclear Engineering reported total revenue of 53.472 billion yuan, a year-on-year decrease of 2.11%, and a net profit of 798 million yuan, down 16.48% [3] - Revenue from nuclear power engineering construction increased by 17.71% to 17.754 billion yuan, while revenue from industrial and civil engineering construction decreased by 14.92% to 30.376 billion yuan [3] Group 3: Market Trends and Innovations - The recent surge in China Nuclear Engineering's stock price is linked to the rising interest in nuclear fusion concepts, particularly following the introduction of China Fusion Energy Co., Ltd. at the 25th China International Industry Fair [4] - The company has been involved in significant nuclear fusion projects, including the International Thermonuclear Experimental Reactor (ITER) and domestic fusion devices [4] - Major breakthroughs in China's nuclear fusion research have been reported, including the "East Super Ring" achieving a world record for plasma stability [5][6] Group 4: Market Valuation - As of October 28, the stock price of China Nuclear Engineering closed at 13.38 yuan, with a market capitalization of 40.325 billion yuan [6] - The company's current price-to-earnings ratio is 19.54, and the price-to-book ratio is 1.87, both significantly higher than the average values in the infrastructure sector [6]

Core Viewpoint - China National Nuclear Corporation (中国核建) has experienced a significant stock price increase, attributed to the rising interest in controllable nuclear fusion concepts and the company's overall stable operations [1][8]. Stock Performance - On October 27, China National Nuclear Corporation's stock closed at 13.93 CNY per share, with a daily increase of 4.82% [1][4]. - From October 23 to 27, the stock price rose by a cumulative 23.38% [5]. - Since the beginning of October, the stock has increased by approximately 57.40% [7]. Contractual Developments - In the first nine months of 2025, the company signed new contracts worth 112.962 billion CNY, an increase of 6.230 billion CNY compared to the same period last year [10]. - On October 27, the company announced that its subsidiary signed two contracts for the construction and installation of the nuclear island for the Haiyang Nuclear Power Units 5 and 6 [9]. Financial Performance - As of June 30, 2025, the company's contract liabilities reached 14.728 billion CNY, reflecting a year-on-year increase of 1.634 billion CNY [11]. - The company has shown consistent growth in its operating performance, with cumulative profits of 13.391 billion CNY since its listing [17]. Research and Development - In the first half of 2025, the company invested 1.260 billion CNY in research and development [18]. - The company has been increasing its R&D investments, with amounts of 1.635 billion CNY, 2.877 billion CNY, and 3.215 billion CNY from 2022 to 2024, respectively [18]. Shareholder Activity - The second-largest shareholder, China Cinda Asset Management, plans to reduce its stake by no more than 1% [19][21].

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：601611 证券简称：中国核建 公告编号：2025-048 中国核工业建设股份有限公司 关于召开2025年半年度业绩说明会的公告 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。 重要内容提示： ● 会议召开时间：2025年08月29日(星期五)13:00-14:00 ● 投资者可于2025年08月22日(星期五)至08月28日(星期四)16:00前登录上证路演中心网站首页点击"提问 预征集"栏目或通过公司邮箱dong_sh@cnecc.com进行提问。公司将在说明会上对投资者普遍关注的问题 进行回答。 中国核工业建设股份有限公司（以下简称"公司"）将于2025年8月29日发布公司2025年半年度报告，为 便于广大投资者更全面深入地了解公司经营成果、财务状况，公司计划于2025年08月29日（星期五） 13:00-14:00举行2025半年度业绩说明会，就投资者关心的问题进行交流。 一、说明会类型 本次投资者说明会以网络互动形式召开，公司将针对2025年上半年的经营成 ...

每经AI快讯，8月21日，中国核建（601611）(601611.SH)公告称，公司子公司近期签署了三门核电5、6 号机组核岛及配套BOP土建工程合同和安装工程合同。 ...

Core Viewpoint - China Nuclear Engineering Corporation (CNEC) is steadily progressing towards its set goals, with significant growth in new contracts and revenue as of May 2025 [1][2]. Group 1: Financial Performance - As of May 2025, CNEC achieved new contracts totaling 66.506 billion yuan, reflecting a year-on-year increase of 14.3%, and revenue of 41.922 billion yuan, a 3.77% increase year-on-year [1][3]. - In 2024, CNEC reported total revenue of 113.541 billion yuan, a 3.80% increase, and a net profit of 2.064 billion yuan, a slight increase of 0.07% [2][3]. - The company has completed 35.62% of its annual revenue target and 40.11% of its new contract target for 2025 [1][3]. Group 2: Nuclear Power Development - CNEC is on the verge of a historic milestone, with 96 nuclear power units constructed and aiming to reach 100 units [1][4]. - The company possesses advanced construction capabilities for various nuclear reactor types, maintaining a leading market share in China's nuclear power construction sector [4][5]. - As of May 2025, CNEC is simultaneously constructing 32 nuclear power units, demonstrating its capacity to manage multiple large-scale projects [5]. Group 3: Business Segments - CNEC's primary business segments include military engineering, nuclear power engineering, and industrial and civil engineering [2]. - The industrial and civil engineering sector achieved new contracts worth 108.293 billion yuan and revenue of 69.319 billion yuan in 2024, indicating a focus on optimizing this business area [3][4]. - The company is actively developing projects in various fields, including housing construction, infrastructure, renewable energy, and petrochemicals [3]. Group 4: Shareholder Returns - CNEC plans to distribute a cash dividend of 0.94 yuan per 10 shares for the 2024 fiscal year, representing 13.72% of the net profit attributable to shareholders, an increase from the previous year [5]. - The company has also established a mid-term dividend plan for 2025, reflecting its commitment to rewarding shareholders [5].

Investment Rating - The investment rating for the company is "Accumulate" [6] Core Views - The company is benefiting from a significant increase in nuclear power engineering orders and revenue, with a year-on-year growth of 44% in new orders and 35% in revenue for 2024 [1] - The company achieved an operating revenue of 1135.41 billion yuan in 2024, a year-on-year increase of 3.80%, and a net profit attributable to shareholders of 20.64 billion yuan, a slight increase of 0.07% [1] - The company has signed new nuclear power orders worth 551.44 billion yuan in 2024, reflecting a year-on-year growth of 43.61%, indicating a sustained demand in the nuclear power sector [1][2] Summary by Sections Nuclear Power Engineering - In 2024, the company generated revenue of 322.12 billion yuan from nuclear power engineering, up 34.63% year-on-year, with a gross margin of 13.37% [2] - The company has a leading market share in the domestic nuclear power sector, with 32 nuclear power units under construction and a total of 96 units built [2] Industrial and Civil Engineering - The revenue from industrial and civil engineering was 693.19 billion yuan in 2024, down 7.73% year-on-year, but the gross margin improved to 9.84% [2] - New contracts in the renewable energy sector amounted to 285.68 billion yuan, representing an 11.71% increase and accounting for 26.38% of new contracts in industrial and civil engineering [2] Financial Performance - The company's gross margin for 2024 was 11.7%, an increase of 0.37 percentage points year-on-year, while the expense ratio was 7.12% [3] - The net profit margin for 2024 was 2.46%, a slight decrease of 0.09 percentage points year-on-year, with cash flow from operations showing a net outflow of 33.40 billion yuan [3] Financial Data and Valuation - The projected operating revenue for 2025 is 1209.14 billion yuan, with a growth rate of 6.49% [4] - The estimated net profit attributable to shareholders for 2025 is 23.16 billion yuan, reflecting a growth rate of 12.21% [4]