长江精工钢结构（集团）股份有限公司 | 证券代码：600496 证券简称：精工钢构 | 编号：临 2026-009 | | --- | --- | | 转债简称：精工转债 转债代码：110086 | | 长江精工钢结构（集团）股份有限公司 关于变更公司经营范围并修订《公司章程》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。 长江精工钢结构（集团）股份有限公司（以下简称"公司"）于 2026 年 2 月 9 日召开第九届董事会 2026 年第一次临时会议，审议通过了《关于变更公司经 营范围并修订<公司章程>的议案》，具体情况公告如下： 一、 变更经营范围情况 为满足经营发展需要，公司拟对经营范围进行变更，具体情况如下： 长江精工钢结构（集团）股份有限公司 | 程施工；建筑劳务分包；输电、供电、 | | --- | | 受电电力设施的安装、维修和试验（依 | | 法须经批准的项目，经相关部门批准后 | | 方可开展经营活动，具体经营项目以相 | | 关部门批准文件或许可证件为准）。 | 上述经营范围变更内容最终以市场 ...

| 证券代码：600496 | 证券简称：精工钢构 | 公告编号：2026-010 | | --- | --- | --- | | 转债代码：110086 | 转债简称：精工转债 | | 长江精工钢结构（集团）股份有限公司 关于为控股子公司提供担保的公告 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： 担保对象及基本情况 | 被担保人名称 | 本次担保金额 | 实际为其提供的 担保余额（不含本 | | 是否在前期预计 | 本次担保是否有 | | | --- | --- | --- | --- | --- | --- | --- | | | | 次担保金额） | | 额度内 | 反担保 | | | 精工工业建筑系统 集团有限公司 | 100,440 万元 | 93,526.52 | 万元 | 否 | | 否 | | 浙江精工钢结构集 团有限公司 | 58,000 万元 | 145,288.70 | 万元 | 否 | | 否 | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- ...

证券代码：600496 证券简称：精工钢构 公告编号：2026-011 转债代码：110086 转债简称：精工转债 长江精工钢结构（集团）股份有限公司 关于召开2026年第一次临时股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2026年第一次临时股东会 股东会召开日期：2026年2月27日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 召开的日期时间：2026 年 2 月 27 日 14 点 00 分 召开地点：上海市闵行区黎安路 999 号大虹桥国际 32 楼 (五) 网络投票的系统、起止日期和投票时间。 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2026 年 2 月 27 日 至2026 年 2 月 27 日 采用上海证券交易所网络投票系统，通过交易 ...

长江精工钢结构（集团）股份有限公司 证券代码：600496 证券简称：精工钢构 公告编号：2026-008 转债代码：110086 转债简称：精工转债 长江精工钢结构（集团）股份有限公司 关于第九届董事会 2026 年度第一次临时会议决议公告 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。 长江精工钢结构（集团）股份有限公司（以下简称"公司"）第九届董事会 2026 年度第一次临时会议于 2026 年 2 月 9 日以通讯方式召开，本次会议应参加 董事 9 人，实际参加董事 9 人。会议的召开符合《公司法》《公司章程》的规定， 会议决议有效。会议审议通过了以下议案： 一、审议通过《关于变更公司经营范围并修订<公司章程>的议案》（详见公 司同日在上海证券交易所网站 www.sse.com.cn 披露的临时公告） 本议案尚需提交公司股东会审议。 二、审议通过《关于公司及控股子公司 2026 年度银行授信的议案》 根据公司及控股子公司 2026 年生产经营资金需要，公司拟申请授信额度为 111.14 亿元，其中：流动资金借款等 ...

Investment Rating - The report assigns an "Accumulate" rating for the company, marking the first coverage of the stock [5]. Core Insights - The company has seen a significant increase in overseas orders, with new contracts amounting to 7.2 billion yuan in 2025, representing a year-on-year growth of 140.1%. In Q4 alone, new overseas orders reached 2.2 billion yuan, a staggering increase of 568.4% [4]. - The company’s cash flow has shown continuous improvement, with operating net cash flow rising from -243 million yuan in 2021 to 771 million yuan in 2024. The cash collection ratio improved from 83.08% to 92.90% [4]. - A shareholder return plan has been announced, indicating that the company expects to distribute at least 70% of its net profit to shareholders in cash over the next three years, which enhances its high dividend attribute [4]. Summary by Sections Financial Performance - The company’s total market capitalization is 9,254.08 million yuan, with a 52-week high of 4.75 yuan and a low of 2.96 yuan. The stock has seen a 52-week increase of 57.09% [4]. - Projected net profits for 2025-2027 are estimated at 629 million yuan, 729 million yuan, and 826 million yuan respectively, with corresponding P/E ratios of 14.71, 12.70, and 11.20 [5][6]. Revenue Growth - Revenue is expected to grow from 184.92 billion yuan in 2024 to 255.31 billion yuan by 2027, with growth rates of 12.03%, 15.99%, 9.07%, and 9.14% for the respective years [6]. Profitability Metrics - The company’s earnings per share (EPS) are projected to increase from 0.26 yuan in 2024 to 0.42 yuan in 2027, reflecting a positive growth trajectory [6].

Investment Rating - The report maintains a "Buy" rating for the construction and building materials sector, with specific recommendations for several companies [9][12]. Core Insights - The report highlights the recent price increases in electronic fabrics, indicating a positive trend in both emerging technologies and traditional cyclical investments. The price of 7628 electronic fabric increased by over 0.5 yuan/meter, exceeding market expectations, which reflects a broader trend of high-end electronic fabric demand trickling down to standard electronic fabrics [1][12]. - The report emphasizes the importance of effective investment in stabilizing economic growth, as reiterated in the recent State Council meeting, which is expected to boost construction activity in Q1 2026 [1][14]. - The report suggests a balanced investment approach between emerging industries and traditional cyclical sectors, recommending companies such as Yaxiang Integration, Jinggong Steel Structure, and China Construction International [1][12]. Summary by Sections Industry Overview - The report notes that the price of ordinary electronic yarn and fabric has increased significantly, with G75 electronic yarn prices rising by 10.5% and 7628 electronic fabric prices by 11.9% week-on-week [2][19]. - The domestic cement price decreased by 0.9% week-on-week, with a notable drop in the cement shipment rate [2][26]. Key Companies and Dynamics - China National Building Material has issued a profit warning, expecting a loss of approximately 2.3 billion to 4 billion yuan for 2025, a significant shift from a profit of 2.387 billion yuan in 2024 [3]. - The report recommends several companies for investment, including Yaxiang Integration (603929 CH), China Construction International (3311 HK), and Sichuan Road and Bridge (600039 CH), all rated as "Buy" with target prices set above current market levels [9][37]. Market Trends - The report indicates that the construction materials sector is experiencing a cyclical recovery, with price increases in various segments such as waterproofing and engineering materials, driven by government policies aimed at boosting infrastructure investment [1][15]. - The report also highlights the ongoing demand for high-end materials in commercial aerospace, including high-temperature fiber materials and perovskite materials for solar wings [1][12].

证券日报网讯 2月4日，精工钢构在互动平台回答投资者提问时表示，二级市场股价表现除受公司经营 情况影响外，还受到宏观环境、资金供求、行业情况和市场情绪等多种因素的综合影响。近年来，公司 通过服务模式的转型升级，努力开拓市场，提高市占率，同时不断加强自身经营建设，提质增效，截至 2025年三季度末，公司新签订单、营业收入、净利润较上年同期均有所提升。同时公司及控股股东为提 升公司市值管理成效、增强投资者信心，已实施股东增持计划、变更前次回购股份用途为注销并减少注 册资本、提高现金分红金额（股息率）等措施。截至目前，公司股价已高于2024年末的每股净资产。 （文章来源：证券日报） ...

（记者 曾健辉） 免责声明：本文内容与数据仅供参考，不构成投资建议，使用前请核实。据此操作，风险自担。 每日经济新闻 每经AI快讯，精工钢构2月4日晚间发布公告称，截至本公告日，公司及下属子公司的实际对外融资担 保金额累计约为43.52亿元人民币，其中为关联公司担保共计1.95亿元人民币，占公司最近一期经审计归 属于上市公司股东的所有者权益的48.67%。 每经头条（nbdtoutiao）——特朗普的"完美人选"颠覆美联储？解码凯文·沃什的"新政构想"：左手放水 右手抽水，要靠AI驯服通胀，拒做美债"大买家" ...

| 证券代码：600496 | 证券简称：精工钢构 | 公告编号：2026-007 | | --- | --- | --- | | 转债代码：110086 | 转债简称：精工转债 | | 重要内容提示： 担保对象及基本情况 | 被担保人名称 | | | 本次担保金额 | 实际为其提供的 担保余额（不含本 | | 是否在前期预计 | 本次担保是否有 | | --- | --- | --- | --- | --- | --- | --- | --- | | | | | | 次担保金额） | | 额度内 | 反担保 | | 长 江 精 结 构 | 工 | 钢 | | | | | | | （集团）股份有限 | | | 100,000 万元 | 84,403.32 | 万元 | 否 | 否 | | 公司 | | | | | | | | 累计担保情况 | 对外担保逾期的累计金额（万元） 0 | | | --- | --- | | 截至本公告日上市公司及其控股 | 435,208.17 | | 子公司对外担保总额（万元） | | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 48.67% | | 特别风 ...

Core Insights - The report discusses the implementation of the "Tax Law Principle" and its implications for service industries such as internet and finance, indicating that current tax arrangements are unlikely to change significantly in the short term [2][3][12] - The real estate sector is experiencing a favorable shift in financing policies, with REITs and private placements opening new equity financing channels to alleviate financial pressures on real estate companies [3][13] Tax Law Implementation - The State Council approved the "Implementation Regulations of the Value-Added Tax Law of the People's Republic of China" on December 19, 2025, and subsequent announcements have clarified tax details, suggesting stability in tax arrangements for service industries [2][3][12] - The definition of "basic services" in telecommunications is evolving, with mobile data and internet broadband still classified as "value-added services" subject to a 6% VAT rate, while traditional voice services are recognized as "basic services" with a 9% VAT rate [2][3][12] Real Estate Sector Analysis - The financing environment for the real estate industry is improving, with a shift from debt financing to equity financing, including the introduction of REITs and private placements [3][13] - Recent regulatory changes, such as the gradual retreat from the "three red lines" policy, indicate a more supportive financing environment for real estate companies [13] - The report maintains a "positive" rating for the real estate sector, highlighting the potential for recovery in the industry as financing policies become more favorable [3][13] Investment Recommendations - The report recommends several quality real estate companies for investment, including China Jinmao, Poly Developments, and China Resources Land, among others, due to their potential for recovery and attractive valuations [13] - The report emphasizes the importance of monitoring the evolving financing landscape and the impact of government policies on the real estate market [3][13]