登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：600853 证券简称：龙建股份 编号：2025-097 龙建路桥股份有限公司关于回购注销2021年 限制性股票激励计划部分限制性股票的公告 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个别及连带责任。 重要内容提示： ● 本次回购激励对象已获授但尚未解除限售的限制性股票33.57万股，涉及人数7人，占公司回购前总股 本的0.03%；本次回购注销完成后，公司总股本将由1,014,031,746股减少至1,013,696,046股。 5．2021年12月13日，公司召开第九届董事会第十五次会议及第九届监事会第十一次会议，审议通过 《关于向激励对象授予限制性股票的议案》。公司独立董事对前述事项发表了独立意见，监事会对授予 日激励对象名单进行了核实并出具了核查意见。 ● 本次回购价格：1.325元/股，回购资金为公司自有资金。 龙建路桥股份有限公司（以下简称公司）于2025年12月9日召开第十届董事会第二十七次会议，审议通 过了《关于回购注销2021年限制性股票激励计划部分限制性股 ...

Group 1 - The company did not participate in the construction of the West Mando iron ore project [1] - The company expressed gratitude for the investor's interest in the project [1]

Core Viewpoint - Shandong Road and Bridge has successfully won the bid for the G50 Huyu Expressway upgrade project, reinforcing its market position in Anhui and promoting regional business expansion [1] Group 1: Project Details - The G50 Huyu Expressway upgrade project is a key part of Anhui's highway network, specifically the "Hefei to Jiujiang" connection [1] - The section being upgraded is 15.361 kilometers long, with a contract value of 640 million yuan, and will be expanded to a dual eight-lane highway with a design speed of 120 km/h [1] Group 2: Business Strategy - The company adheres to a market preservation strategy focused on existing projects, leveraging their market potential to maintain a strong credit rating in Anhui for four consecutive years [1] - Since 2021, Shandong Road and Bridge has won multiple bids in Anhui, with a cumulative contract value exceeding 3.66 billion yuan [1]

Summary of Shandong Road and Bridge's Conference Call Company Overview - **Company**: Shandong Road and Bridge - **Industry**: Infrastructure and Construction Key Points 1. Business Performance and Outlook - The company reported good operational development in Q4 2025, with optimistic bidding results for external market projects and active internal highway projects, expecting stable growth in Q4 despite weather-related impacts on project progress in North China and northern regions [2][3][4] - The revenue and net profit targets for 2025 remain unchanged, with the final results dependent on the opening and revenue contributions in the last three months of the year [2][5] 2. Market Conditions and Strategic Focus - The infrastructure market in Shandong province is expected to maintain stable growth from the end of the 14th Five-Year Plan to the 15th Five-Year Plan, with increased funding and policy support anticipated in 2026 [2][6] - The company is actively expanding into the northwest, southwest, and Southeast Asian markets [2][6] 3. Overseas Market Performance - The overseas market orders performed excellently, reaching over 9 billion yuan in the first half of 2025, with expectations to reach around 10 billion yuan for the entire year [2][7][8] - The major shareholder's orders are expected to enter the bidding phase in the next two months, contributing to growth [8] 4. Dividend Strategy - The company plans to gradually increase the total dividend amount over the next few years, continuing a strategy of multiple dividends per year and annual increases to provide fixed expectations for investors [2][9] 5. Profit Margin Management - The company has implemented cost control measures through the "cost reduction and efficiency enhancement" initiative and the "two 1%" project, which focuses on strict cost management before and during project execution [3][10] - Profit margins vary significantly based on project content and location, but the company aims to continue improving overall profit margins [10] 6. Cash Flow Management - The goal for 2025 is to achieve positive operating cash flow, with measures in place to improve cash flow, including a lifetime responsibility system for project managers and shared collection targets for the leadership team [3][11] - The company has diverse financing channels and low costs, enabling it to support daily operations and expand market share [11] 7. Market Value Management - The Shandong Provincial State-owned Assets Supervision and Administration Commission is seeking opinions on market value management guidelines, which are expected to be published by the end of 2025 or early 2026 [12] - The management of market value will impact leadership compensation and employee salary assessments, emphasizing the importance of performance in this area [12] 8. Emerging Markets and New Opportunities - The company has made significant progress in overseas markets, achieving a 100% year-on-year growth, with a short-term goal of overseas revenue accounting for over 10% of total income [13][14] - The company is also exploring opportunities in urban renewal and municipal engineering, as well as in low-altitude economy sectors [14][16] 9. Participation in Low-Altitude Economy - Currently, the company has limited participation in the low-altitude economy in Shandong, but it recognizes the potential for future involvement, leveraging existing infrastructure [16] This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic direction, and market conditions.

Group 1 - The company Beixin Road and Bridge (SZ 002307) announced on October 22 that it has received a bid notification for the G687 Tiemenguan - Alar Highway (third contract section) construction project, in partnership with Tiemenguan Zhuoda Construction Engineering Co., Ltd. The bid amount is approximately RMB 398.72 million [1][1][1] - As of January to June 2025, the company's revenue composition is as follows: engineering revenue accounts for 91.35%, highway service industry for 5.8%, other industries for 1.47%, equipment leasing for 0.56%, and real estate sales for 0.5% [1][1][1] - The current market capitalization of Beixin Road and Bridge is RMB 7.1 billion [1][1][1]

Group 1 - The company is exploring potential collaboration opportunities in the New Tibet Railway project [1] - The company expressed gratitude for investor interest in its business activities [1]

Core Points - The company Shandong Road and Bridge announced that in the second quarter of 2025, it signed 413 new contracts with a total value of 26.901 billion yuan [1] - As of the end of the second quarter, the company had a total of 548 signed but uncompleted contracts, amounting to 108.268 billion yuan [1] - The company also reported 127 contracts that have been won but not yet signed, with a total value of 26.197 billion yuan [1]

Group 1 - The company Chengdu Road and Bridge (002628.SZ) announced that the new contracts and orders signed in the second quarter amounted to 26.4973 million yuan [1] - As of the end of the second quarter, the total amount of signed but uncompleted orders reached 4.221 billion yuan [1]

Core Viewpoint - The announcement details the second unlock period of the 2021 Restricted Stock Incentive Plan for Sichuan Road and Bridge Group Co., Ltd, allowing 11,927,160 shares to be listed and traded starting from July 14, 2025, following the fulfillment of specific performance conditions [1][11][21]. Summary by Sections 1. Incentive Plan Approval and Implementation - The board of directors approved the 2021 Restricted Stock Incentive Plan and its implementation procedures, including the list of initial incentive recipients [2][3]. - The plan allows for the granting of up to 43.75 million shares, with 29.97 million shares granted to 308 initial recipients on May 6, 2022, and 8.74 million shares reserved for 110 additional recipients on July 26, 2022 [6][11]. 2. Unlock Conditions and Performance Metrics - The second unlock period allows for a 30% release of shares, contingent upon meeting specific performance targets, including a minimum revenue of 110 billion yuan and a net profit of at least 8 billion yuan for 2023 [11][12]. - The company achieved a net profit of 90.18 billion yuan for 2023, surpassing the target, and a revenue of 1150.42 billion yuan, also exceeding the requirement [11][12]. 3. Shareholder and Legal Compliance - The company received necessary approvals from the Shudao Investment Group and confirmed compliance with relevant regulations regarding the incentive plan [3][21]. - The legal advisor concluded that the conditions for the unlock have been met, and the company must fulfill its disclosure obligations regarding the unlock process [21]. 4. Stock Structure Changes - Following the unlock, the total number of unrestricted shares will increase by 11,927,160, resulting in a new total of 6,715,566,605 unrestricted shares [19][20]. - The total number of restricted shares will decrease to 1,994,472,880 after the unlock [20].

Core Viewpoint - The company has approved a share repurchase plan to buy back its A-shares using self-owned funds and/or loans from financial institutions, with the intention to cancel the repurchased shares and reduce its registered capital [1][2]. Group 1: Share Repurchase Details - The company has conducted its first share repurchase, acquiring 878,100 shares, which represents 0.06% of the total share capital [1]. - The highest transaction price for the repurchased shares was 5.87 CNY per share, while the lowest was 5.81 CNY per share [1]. - The total amount spent on the repurchase was sourced from the company's own funds and a special loan for share repurchase, with the repurchase price not exceeding 8.68 CNY per share [1]. Group 2: Compliance and Future Actions - The share repurchase was conducted in accordance with relevant regulations, including the "Share Repurchase Rules for Listed Companies" and the "Self-Regulatory Guidelines for Listed Companies" [2]. - The company will continue to implement the repurchase plan based on market conditions and will fulfill its information disclosure obligations as required [2].