Core Viewpoint - China State Construction Engineering Corporation (601668) reported that as of the first half of 2025, it will operate 339 Public-Private Partnership (PPP) projects with good performance evaluation results [1] Group 1 - The company has completed performance evaluations for all annual projects, meeting the standards [1] - The reported amount of cash inflow from PPP projects refers to the total cash inflow [1]

Core Viewpoint - The Chinese government has issued a clear policy to support over one trillion yuan of existing PPP projects, emphasizing problem-oriented approaches, classification of measures, and cost reduction to enhance public services and social welfare [1][3]. Summary by Sections Policy Guidance - The State Council has released a notification to regulate the construction and operation of existing PPP projects, ensuring smooth progress for ongoing projects and addressing reasonable financing needs [1][2]. Financial Institutions' Role - Financial institutions are encouraged to objectively assess and support ongoing projects in compliance with market principles, ensuring timely disbursement of loans based on project funding needs and risk control [2][4]. Debt Management - The central government plans to allocate 800 billion yuan annually from new local special bonds for five years starting in 2024 to help local governments manage existing debts, including those related to PPP projects [3][5]. Project Operation and Compliance - Local governments are required to fulfill contractual obligations for operational projects, ensuring timely payments based on performance results and addressing any overdue payments to enterprises [3][4]. Cost Management and Efficiency - The notification emphasizes the need for enhanced project operation supervision and cost reduction, encouraging equal communication among social capital, financial institutions, and government entities to optimize project implementation and financing [4][5].

Group 1 - The company reported its second-quarter operational performance for 2025, including new contracts and project updates [1][2][3] - The total new contracts signed in the second quarter amounted to approximately 166,052.97 million yuan, with a total of 1,124 ongoing projects valued at 2,258,202.49 million yuan [2] - Significant projects include the PPP project in Meixian District with a total investment of approximately 1.422 billion yuan, which is nearing completion with 114,469.78 million yuan already invested [2][3] Group 2 - The company is involved in the Luoyang City Shahe River Phase II comprehensive management PPP project, with a total investment of about 2.060 billion yuan, currently in the construction phase [3] - The company has signed an EPC contract for the Lianyungang Petrochemical Industrial Base ecological environment improvement project, with a contract amount of 313,698.49 million yuan, and is progressing as per the schedule [4] - The company has achieved an operating income of 33,645.53 million yuan from various projects, with expected smooth settlement and payment processes [3][4]

证券代码：002431 证券简称：棕榈股份 公告编号：2025-062 棕榈生态城镇发展股份有限公司 2025 年第二季度经营情况简报 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，棕榈生态城镇发展股份有限公司（以 下简称"公司"）2025年第二季度经营情况公布如下： 一、2025 年第二季度（4-6 月）订单情况 注：由于上述相关数据为阶段性数据且未经审计，由于统计口径等原因可能导致上述 数据与定期报告披露的数据存在差异，仅供参考。 二、重大项目履行情况（注：重大项目指项目金额占公司上一会计年度经审 计营业收入30%以上的项目） 1、2015年12月，公司与梅州市梅县区人民政府签署了《畲江园区服务配套 项目及梅县区城市扩容提质工程PPP项目政府和社会资本合作（PPP）模式项目合 同》，项目总投资金额约为人民币14.22亿元。业务模式为PPP模式，该PPP项目由 8个子项目组成，合作期为10年，其中项目建设期为2年(即每个子项目自项目公 司经有关部门批 ...