2025年第三季度建筑业经营情况简报 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假 记载、误导性陈述或重大遗漏。 根据《深圳证券交易所股票上市规则》《深圳证券交易所上市公司自律监管 指引第 3 号——行业信息披露》等相关规定，浙江交通科技股份有限公司现将子 公司浙江交工集团股份有限公司（以下简称"浙江交工"）2025 年第三季度建筑 业经营情况简报如下： 一、订单情况 1.项目概况 证券代码：002061 证券简称：浙江交科 公告编号：2025-092 浙江交通科技股份有限公司 | 第三季度 新中标且签约项目 | | 第三季度 | | 本年累计新中标 | | 本年累计新中标 | | 截至报告期末历年 累计已签约未完工 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 新中标未签约项目 | | 且签约项目 | | 未签约项目 | | | | | | | | | | | | | 项目 | | | 数量 | 金额 | 数量 | 金额 | 数量 | 金额 | 数量 | 金额 | 数量 | 金额 | | ...

Core Viewpoint - Anhui Construction (600502.SH) has recently announced that it and its subsidiaries have received project bidding notifications for multiple highway construction projects, indicating a significant expansion in its operational portfolio [1] Group 1: Project Details - The company won the bid for the Yangzhou to Huainan Expressway Huainan Section, with a contract value of 620 million yuan [1] - The company is designated as the franchise operator for the Bozhou West Ring Section of the Wuhe to Bozhou Expressway, with an estimated investment of approximately 5.801 billion yuan, utilizing a BOT model with a user-pay return mechanism [1] - The company is also the franchise operator for the Guoyang to Lixin Expressway, with an estimated investment of around 3.874 billion yuan, also following a BOT model with a user-pay return mechanism [1]

Core Viewpoint - Anhui Construction (600502.SH) has recently received multiple project bidding notifications, indicating a strong pipeline of new contracts and potential revenue growth for the company [1] Group 1: Project Wins - The company won the bid for the foundation construction of the Huainan section of the Yangzhou to Huainan Expressway, with a bid price of 620 million [1] - The company has been selected as the franchise operator for the Bozhou West Ring section of the Wuhe to Bozhou Expressway, with an estimated investment of approximately 5.801 billion [1] - The company is also the franchise operator for the Guoyang to Lixin Expressway, with an estimated investment of around 3.874 billion [1]

Investment Rating - The investment rating for the company is "Buy" and is maintained [8]. Core Insights - The company reported a total bid amount of 24.932 billion yuan in the third quarter, representing a year-on-year increase of 35%. The cumulative bid amount for the first three quarters reached 97.173 billion yuan, up 25% year-on-year [2][6]. - The company focuses on its core infrastructure business, with significant growth in orders, particularly in the infrastructure sector, which saw a cumulative bid of 82.67 billion yuan, a 26% increase year-on-year [12]. - The strategic importance of Sichuan as a national development hub is emphasized, with ongoing infrastructure needs expected to remain robust [12]. - The long-term demand for highways in Sichuan is confirmed, with plans for a total scale of approximately 20,000 kilometers by 2035, indicating sustained construction demand [12]. - The company anticipates accelerated project construction in the second half of the year, which may lead to significant revenue growth [12]. - The company plans to increase its dividend payout ratio from 50% to 60% for 2025, highlighting its strong dividend yield potential [12]. Summary by Sections Company Overview - The company has a total share capital of 869.559 million shares, with a current stock price of 8.58 yuan [8]. Financial Performance - The total revenue for 2024 is projected at 107.238 billion yuan, with a net profit of 73.65 billion yuan, reflecting a steady growth trajectory [17]. - The earnings per share (EPS) is expected to increase from 0.83 yuan in 2024 to 1.19 yuan by 2027 [17]. Market Position - The company is well-positioned to benefit from the increasing infrastructure demands in Sichuan, supported by government initiatives and strategic planning [12].

Core Viewpoint - Zhejiang Jiaokao (002061.SZ) announced that its subsidiary has won bids for multiple segments of the G2531 Hangzhou to Shangrao Expressway project, indicating a significant expansion in its infrastructure portfolio [1] Group 1: Project Details - The company secured contracts for the following segments: - Segment TJ03 with a bid price of RMB 1.965 billion - Segment TJ05 with a bid price of RMB 1.718 billion - Segment TJ06 with a bid price of RMB 1.747 billion - Segment TJ07 with a bid price of RMB 1.748 billion [1][1][1]

Core Viewpoint - Zhejiang Jiaokao (002061.SZ) has won multiple bids for the G2531 Hangzhou to Shangrao Expressway project, indicating a significant opportunity for revenue growth and expansion in infrastructure development [1] Group 1: Company Achievements - The company’s subsidiary has secured contracts for four segments of the Hangzhou section of the G2531 expressway [1] - The bid amounts for the segments are as follows: - Segment TJ03: RMB 1.965 billion - Segment TJ05: RMB 1.718 billion - Segment TJ06: RMB 1.747 billion - Segment TJ07: RMB 1.748 billion [1] Group 2: Financial Implications - The total value of the contracts won by the company amounts to approximately RMB 7.178 billion, which could significantly enhance the company's revenue stream [1]

Core Viewpoint - Zhejiang Transportation Technology Co., Ltd. has recently announced winning bids for multiple highway construction projects, which are expected to positively impact the company's performance and strengthen its market position in the Yangtze River Delta region [8][17]. Group 1: Project Overview - The company has received notification of winning bids for the Yi Long Qing Expressway and the G92 Hangzhou Bay Ring Expressway, with specific segments awarded to its subsidiaries [1][4]. - For the Yi Long Qing Expressway, the company won three segments with bid amounts of approximately RMB 1.43 billion, RMB 1.87 billion, and RMB 1.46 billion for segments TJ02, TJ04, and TJ07 respectively [3][4]. - The G92 Hangzhou Bay Ring Expressway project includes two segments with bid amounts of approximately RMB 3.92 billion for segment TJ01 and RMB 1.43 billion for segment TJ04 [6][7]. Group 2: Project Details - The project durations are set at 1,462 calendar days for segment TJ02 and 1,158 calendar days for segments TJ04 and TJ07 of the Yi Long Qing Expressway [2]. - The G92 Hangzhou Bay Ring Expressway has a project duration of 1,672 calendar days for segment TJ01 and 1,491 calendar days for segment TJ04 [5]. - Quality requirements for the projects include a minimum score of 95 for acceptance and a quality index of RQI≥95.5 for road surface quality [6][15]. Group 3: Impact on the Company - Winning these projects aligns with the company's strategic business layout and is expected to enhance its competitiveness and market share in the Yangtze River Delta region [8][17]. - Successful implementation of these projects is anticipated to have a positive effect on the company's financial performance [8][17].

Group 1 - Shandong Highway Group is making significant progress in transportation infrastructure projects in Shandong Province, with multiple projects achieving key milestones in the first half of 2025 [1][2] - The group completed an investment of 21.9 billion yuan in transportation infrastructure, accounting for 50.7% of the annual plan, achieving the "half-time, half-task" goal [1] - The Qiji section of the Jingtai Expressway is the first "6+6" lane expressway expansion project in the country, utilizing a BIM collaborative digital management platform for data integration and analysis [1] Group 2 - The Qingzhang Expressway Yellow River Bridge has achieved three world records, including the largest span continuous beam bridge and the first UHPC-steel box composite structure [2] - The project emphasizes refined construction management across all processes and elements, aiming to establish an innovative system for the entire bridge and culvert industry chain [2] - The Shandong Highway Group will continue to advance project construction to meet annual construction goals and support the economic development of Shandong Province [2]

Summary of Key Points Core Viewpoint - Zhejiang Transportation Technology Co., Ltd. provides an update on the operational status of its subsidiary, Zhejiang Jiaogong Group Co., Ltd., for the second quarter of 2025, highlighting significant contract values and project progress. Group 1: Order Situation - As of the report date, the total contract amount for ongoing projects is 224.09 billion yuan, with confirmed revenue of 90.87 billion yuan and remaining uncompleted project value of 133.21 billion yuan [1] - The company has secured new contracts in the second quarter, contributing to its overall project pipeline [1] Group 2: Important Project Performance - The performance of key projects shows that the construction progress of the Rui-Cang Expressway (Long-Li to Yong-Tai-Wen) is at 85.90%, with no significant changes in the counterpart's performance capability [1] - The construction progress of the Zhejiang Jiaogong Group's Huanghe Expressway project is at 88.41%, indicating strong execution [2] - The Hang-Jin-Qu Expressway project has a completion rate of 82.66%, with no major issues reported regarding the counterpart's performance capability [2] Group 3: Other Investment Projects - A joint venture project involving multiple companies has been established, with a total investment of approximately 25.377 billion yuan, and the construction contract is yet to be signed [6] - A new energy vehicle and auto parts industrial park project has a total investment of about 3.559 billion yuan, with a construction period of 5 years and an operational period of 20 years [7][8]

Core Viewpoint - Sichuan Road and Bridge Construction Group Co., Ltd. announced the implementation of its 2024 annual profit distribution plan, which includes a cash dividend of 0.377 CNY per share, totaling approximately 3.28 billion CNY in cash dividends to shareholders [2][4][20]. Profit Distribution Details - The cash dividend of 0.377 CNY per share (including tax) was approved at the annual shareholders' meeting on May 13, 2025 [2][20]. - The total number of shares for the distribution is based on the company's total share capital of 8,710,039,485 shares [4]. - The cumulative cash dividends for 2024, including the mid-year distribution, amount to approximately 3.61 billion CNY, representing 50.02% of the net profit attributable to shareholders for the year [4]. Implementation Method - Cash dividends will be distributed through China Securities Depository and Clearing Corporation Limited, Shanghai Branch, to all shareholders registered by the end of the trading day on the equity registration date [6][10]. - Shareholders who have not completed designated transactions will have their dividends held by the clearing company until the transactions are completed [6]. Taxation Information - Individual shareholders holding shares for over one year are exempt from personal income tax on dividends, while those holding for one year or less will have taxes calculated upon the sale of shares [10]. - For qualified foreign institutional investors (QFII), a 10% corporate income tax will be withheld, resulting in a net dividend of approximately 0.3393 CNY per share [11]. Share Buyback Plan Adjustment - The company adjusted the maximum buyback price from 12.54 CNY to 12.16 CNY per share, effective from July 11, 2025, following the approval of the cash dividend distribution [19][20]. - The total buyback amount is set between 100 million CNY and 200 million CNY, with the expected number of shares to be repurchased ranging from approximately 8.22 million to 16.45 million shares [20][21].