中信建投证券股份有限公司 关于 新疆北新路桥集团股份有限公司 之 发行保荐书 保荐人 二〇二五年九月 目 录 保荐人出具的证券发行保荐书 释 义 在本发行保荐书中，除非另有说明，下列词语具有如下特定含义： 保荐人/中信建投证券 指 中信建投证券股份有限公司 公司、股份公司、发行人、 指 新疆北新路桥集团股份有限公司 北新路桥 兵团建工集团、控股股东 指 新疆生产建设兵团建设工程（集团）有限责任公司 本次发行 指 北新路桥 2023 年向特定对象发行股票 《注册管理办法》 指 《上市公司证券发行注册管理办法》 中国证监会、证监会 指 中国证券监督管理委员会 深交所 指 深圳证券交易所 报告期、报告期各期 指 2022 年、2023 年、2024 年及 2025 年 1-6 月 报告期各期末 指 2022/12/31、2023/12/31、2024/12/31 及 2025/6/30 保荐人出具的证券发行保荐书 保荐人及保荐代表人声明 中信建投证券股份有限公司及本项目保荐代表人宋华杨、张涛根据《中华人 民共和国公司法》《中华人民共和国证券法》等有关法律、法规和中国证监会的 有关规定以及深圳证券交易所的有关业务规则 ...

交通运输部最新发布的数据显示，7月份，我国交通运输经济运行延续回升向好态势，货运量、跨区域 人员流动量保持平稳增长，港口货物吞吐量增长较快，交通固定资产投资规模保持在高位。 作为中国式现代化的开路先锋，今年以来，交通运输行业全力服务做好稳就业、稳企业、稳市场、稳预 期各项工作。在交通运输业运行总体平稳、稳中有进的同时，为经济社会发展提供了坚实的交通保障。 回升向好态势延续 6月5日17时40分，新疆准东经济技术开发区准东北站天池能源环线内，一列满载煤炭的列车缓缓驶出， 经乌将铁路开往四川临巴溪站，满足迎峰度夏电煤保供需求。截至当天，新疆铁路货运发送量达1.01亿 吨、同比增幅2.0%，较去年提前3天突破1亿吨大关，为服务区域经济高质量发展增添新动力。 8月26日，随着机器的轰鸣声，雄忻高铁雄保段二标雄保特大桥最后一孔箱梁精准落位。至此，国铁北 京局站房工程项目管理部负责管理的该桥661孔箱梁架设任务全部完成，为雄忻高铁建设注入新动能， 也标志着这条京津冀与晋陕快速通道正式进入攻坚冲刺阶段。 在广西，亚洲同类型最大跨度斜拉桥——贵港苏湾大桥主桥日前成功合龙，为全桥顺利贯通奠定了坚实 基础。中铁十六局贵港苏湾大桥 ...

Summary of Shandong Road and Bridge Conference Call Company Overview - Shandong Road and Bridge possesses comprehensive engineering construction service capabilities across all fields and industry chains, with qualifications for complete project contracting for foreign aid projects, establishing a strong foundation for company development [2][3] Key Financial Metrics - In 2024, Shandong Road and Bridge achieved a bid amount of 91.48 billion yuan, covering 15 business areas including road and bridge, housing construction, municipal projects, maintenance, and industrial parks [2][6] - For the first half of 2025, the bid amount increased by over 20% year-on-year, primarily driven by orders from domestic owners outside Shandong Highway, as well as from provincial and international markets [7] - The company expects 2025 revenue to reach 74 billion yuan, a year-on-year increase of 3.74%, with a net profit forecast of 3.13 billion yuan, up 3.6% [10] Market and Industry Dynamics - Shandong Province plans to complete approximately 250 billion yuan in comprehensive transportation investment in 2025, with highway mileage exceeding 9,300 kilometers and total railway mileage reaching 9,700 kilometers, providing a broad market for road and bridge construction [8][9] - The company is actively expanding into traditional advantageous regions in Africa and Eastern Europe, as well as emerging markets in Central Asia and Southeast Asia [5] Project Experience and Strategy - Shandong Road and Bridge has a rich history of significant projects, including major bridges and highways, and is enhancing its overseas contracting capabilities along the Belt and Road Initiative [4] - The company adopts a "go urban" and "go overseas" strategy to address industry competition, collaborating with China Railway Investment Group for urban infrastructure and expanding its international market presence [16][17] Dividend and Share Buyback Strategy - Since 2017, the company has maintained a growth in total dividends, with plans for multiple dividend distributions in 2024, including a cash dividend of approximately 2 yuan per 10 shares [11][20] - The company has executed share buybacks to enhance market confidence, indicating a commitment to returning value to investors [20][21] Operational Improvements - The company aims to improve profit margins by 1% through enhanced project management and operational efficiency, while also focusing on receivables management and cash flow control [19] - The board has proposed a "1% project" initiative to improve overall profitability through meticulous management practices [19] Conclusion - Shandong Road and Bridge is positioned for stable growth with a diversified order structure, a proactive approach to market expansion, and a commitment to shareholder returns through dividends and buybacks, all while navigating the competitive landscape of the construction industry [2][10][20]