一、审议通过《关于中国建筑股份有限公司 2025 年一季度财务分析报告的议案》 全体监事审议并一致通过《关于中国建筑股份有限公司 2025 年一季度财务分析 报告的议案》。 表决结果：5 票同意、0 票反对、0 票弃权。 二、审议通过《关于中国建筑股份有限公司 2025 年第一季度报告的议案》 证券代码：601668 证券简称：中国建筑 公告编号：临 2025-030 第四届监事会第七次会议决议公告 本公司监事会及全体监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。 中国建筑股份有限公司（以下简称公司）第四届监事会第七次会议（以下简称会 议）通知和会议资料已于 2025 年 4 月 25 日发送至各监事，在取得全体监事同意后， 会议于 2025 年 4 月 27 日召开，由监事以书面投票表决方式进行。本次会议的召开符 合《中华人民共和国公司法》《中国建筑股份有限公司章程》及《中国建筑股份有限 公司监事会议事规则》等规定。公司 5 名监事本着独立、公正的原则，均参与了投票 表决，并一致形成决议如下： 中国建筑股份有限公司监事会 二〇二五年四月二十八 ...

证券代码：601668 证券简称：中国建筑 公告编号：临 2025-029 第四届董事会第十六次会议决议公告 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法律责任。 中国建筑股份有限公司（以下简称公司）第四届董事会第十六次会议（以 下简称会议）于 2025 年 4 月 27 日举行。会议在取得全体董事同意后，由董事 以书面投票表决方式进行。 本次会议通知于 2025 年 4 月 25 日以邮件方式发出，会议召开符合《中华 人民共和国公司法》《中国建筑股份有限公司章程》及《中国建筑股份有限公 司董事会议事规则》等规定，会议的召开合法有效。公司 7 名董事均参与了投 票表决，并通过决议如下： 一、审议通过《关于中国建筑股份有限公司 2025 年一季度财务分析报告的 议案》 本议案已经审计与风险委员会审议通过，并同意提交董事会审议。 全体董事审议并一致通过《关于中国建筑股份有限公司 2025 年一季度财务 分析报告的议案》。 表决结果：7 票同意、0 票反对、0 票弃权。 二、审议通过《关于中国建筑股份有限公司 2025 年第一季度报告的议 ...

Financial Performance - The company's operating revenue for Q1 2025 was CNY 555,342,204, representing a year-on-year increase of 1.1% compared to CNY 549,319,265 in the same period last year[4] - Total profit for the quarter was CNY 22,918,073, a slight increase of 0.4% from CNY 22,826,576 in the previous year[4] - Net profit reached CNY 17,956,203, reflecting a 0.6% increase from CNY 17,851,772 year-on-year[4] - The basic earnings per share (EPS) was CNY 0.36, up 2.9% from CNY 0.35 in the same period last year[5] - The total revenue for Q1 2025 was RMB 555,342,204, a slight increase from RMB 549,319,265 in Q1 2024, reflecting a year-over-year growth of approximately 1.86%[27] - The net profit for Q1 2025 was RMB 17,956,203, slightly up from RMB 17,851,772 in Q1 2024, representing a growth of approximately 0.58%[27] Assets and Liabilities - The total assets at the end of the quarter were CNY 3,261,604,789, marking a 2.3% increase from CNY 3,189,262,063 at the end of the previous year[5] - The total liabilities of the company as of March 31, 2025, were RMB 2,467,932,939, an increase from RMB 2,417,801,587 as of December 31, 2024[24] - As of March 31, 2025, the company's total assets amounted to RMB 3,261,604,789, an increase from RMB 3,189,262,063 as of December 31, 2024[24] - The company's total equity as of March 31, 2025, was 152,736,562 thousand RMB, a slight decrease from 152,910,331 thousand RMB at the end of 2024[36] Cash Flow - The company reported a net cash flow from operating activities of -CNY 95,852,099, showing an improvement compared to -CNY 96,595,019 in the same period last year[4] - The company reported a net cash outflow from operating activities of CNY -1,558,964 thousand in Q1 2025, an improvement from CNY -2,699,024 thousand in Q1 2024[42] - The company’s net cash flow from investing activities was -2,965,493 thousand RMB in Q1 2025, an improvement from -6,845,024 thousand RMB in Q1 2024[32] - Cash flow from financing activities generated a net inflow of 50,039,316 thousand RMB in Q1 2025, down from 90,326,240 thousand RMB in Q1 2024[33] Contracts and Revenue Segments - The total new contracts signed amounted to 1,270.2 billion RMB, reflecting a year-on-year growth of 6.9%[13] - The company's construction business signed new contracts worth 1,203.7 billion RMB, up 8.4% year-on-year[13] - The infrastructure segment saw new contracts of 420.6 billion RMB, a significant increase of 40.0% year-on-year[19] - The overseas business signed new contracts totaling 67.4 billion RMB, representing a year-on-year growth of 150%[20] - The revenue from emerging businesses reached 45.3 billion RMB, growing by 34.2% year-on-year, accounting for 8.2% of total revenue[21] - The company’s real estate contract sales amounted to 66.5 billion RMB, down 14.5% year-on-year[15] Shareholder and Equity Information - The equity attributable to shareholders of the listed company increased by 3.3% to CNY 477,252,195 from CNY 462,184,659 at the end of the previous year[5] - The controlling shareholder, China State Construction Group, plans to increase its stake in the company by investing between RMB 600 million and RMB 1.2 billion over the next 12 months, with a total of 109,900,588 shares acquired as of April 8, 2025, representing approximately 0.27% of the total share capital[22] Research and Development - Research and development expenses for Q1 2025 were RMB 5,878,860, a decrease from RMB 6,336,204 in Q1 2024, reflecting a reduction of approximately 7.24%[27] - Research and development expenses decreased to CNY 1,350 thousand in Q1 2025 from CNY 8,571 thousand in Q1 2024, a decline of 84.2%[38] Inventory and Other Financial Metrics - The company’s inventory increased to 935,821 thousand RMB as of March 31, 2025, compared to 814,156 thousand RMB at the end of 2024, indicating a rise in stock levels[35] - The company incurred financial expenses of CNY 330,266 thousand in Q1 2025, slightly down from CNY 341,990 thousand in Q1 2024[38] - The company reported a credit impairment loss of CNY 7,035 thousand in Q1 2025, contrasting with a gain of CNY 9,794 thousand in Q1 2024[38]

Group 1 - The core viewpoint of the article highlights that China State Construction (601668) reported a revenue of 555.34 billion yuan for the first quarter of 2025, reflecting a year-on-year growth of 1.1% [1] - The net profit for the same period was 17.96 billion yuan, showing a year-on-year increase of 0.6% [1]

Core Viewpoint - Mona Lisa Group emphasizes corporate social responsibility, leading product innovation through technological breakthroughs, promoting quality transformation via standards, facilitating low-carbon transformation through a green revolution, and defining consumer value through service innovation, thereby achieving robust development and contributing to the high-quality development of China's building ceramics industry [1] Quality Leadership - Mona Lisa Group relies on a comprehensive quality control system that covers the entire lifecycle of products, ensuring quality foundations [2] - The company's testing center is CNAS certified and conducts thorough inspections of raw materials, in-process products, and finished goods, ensuring compliance with industry standards and achieving advanced levels in key indicators [2][4] - The integration of information technology optimizes the quality management system, ensuring product consistency and stability across four production bases [4] Technological Leadership - In 2007, Mona Lisa Group established the first domestic dry-pressing ceramic thin plate production line, marking a significant technological milestone [5] - The company has continuously broken size barriers in ceramic products, with innovations such as the 1.0mm ceramic thin plate in 2022 and the 9-meter super large plate in 2021, enhancing the market perception of high-end building decoration products [6] Green Transformation - The company is set to launch a zero-carbon ammonia-hydrogen combustion technology production line in September 2024, aiming to eliminate CO2 emissions and reduce carbon output by 5,200 tons annually [7] - The establishment of a large-scale distributed photovoltaic system at the production base is expected to save 32,700 tons of standard coal and reduce carbon emissions by 81,400 tons annually [9] Service Innovation - Mona Lisa Group has developed a comprehensive service delivery system that enhances user experience through a full-process quality delivery plan [10] - The implementation of intelligent customer service systems has improved service request handling efficiency by 40%, creating a positive feedback loop for quality upgrades [10][11]

证券代码：601668 股票简称：中国建筑 编号：临 2025-028 2025 年 1-3 月经营情况简报 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。 现将本公司 2025 年 1-3 月主要经营情况公布如下，供各位投资者参阅。 | 项 | 目 数 额 比上年同期增长 | | --- | --- | | 新签合同总额（亿元 | 12,702 6.9% RMB） | | 一、建筑业务情况 | | | 1. 新签合同额（亿元 RMB） | 12,037 8.4% | | 2. 业务分部（亿元 | RMB） | | 房屋建筑 | 7,799 -3.3% | | 基础设施 | 4,206 40.0% | | 勘察设计 | 33 -18.3% | | 3. 地区分部（亿元 | RMB） | | 境内 | 11,415 4.9% | | 境外 | 623 178.5% | | 4.实物量指标（万 | 2） m | | 房屋建筑施工面积 | 145,808 1.7% | | 房屋建筑新开工面积 | 9,293 61.8% | | 房屋 ...

薛克庆强调，市值管理应该是一套有组织、成体系、结构化的主动战略管理行为，具有顶层性、系统 性、长期性特点，它不是一般性工作，而是"一把手工程"，要从战略高度抓好顶层设计和实施部署，保 障市值战略目标实现。 日前，在证券时报第16届中国上市公司投资者关系管理专家研讨会上，中国建筑（601668）原董事会秘 书薛克庆结合当前市值管理新政策新形势，分享了关于市值管理的实践总结和三项政策建议。 薛克庆认为，市值管理应该以公司战略文化为引领，将其融入到公司发展战略。据他介绍，中国建筑的 市值管理工作着力构建"366"战略市值管理模式。其中，"3"指的是三个价值，是战略市值管理的目标， 分别是成长性价值、回报性价值、确定性价值，丰富了投资价值的内涵，促进合理反映公司质量；第一 个"6"指的是六个环节，是战略市值管理的路径，通过综合实施价值诊断、价值创造、价值经营、价值 重塑、价值传递、价值实现的全生命周期路径举措，有序提升公司投资价值，增强股东回报；第二 个"6"指的是六个要素，是战略市值管理的体系，涵盖理念、目标、组织、制度、资源、绩效，形成和 完善了大市值管理格局，构建科学高效的工作协同体系和机制。 薛克庆认为，中国 ...

中国建筑 2025042120250416 摘要 • 中国建筑 2024 年营收 2.19 万亿元，归母净利润 461.9 亿元。房地产业 务利润下降 34.1%，但房建及基础设施业务利润增长 1.1%。毛利率提升 至 9.9%，经营性净现金流入 157.7 亿元，同比增长 43%。拟每 10 股派 息 2.715 元，为上市以来最高水平。 • 公司坚持"两优两重"市场策略，国家重大战略区域新签合同额占比 83.1%。住宅业务新签合同额占比降低，公共投资业务占比提升。基础设 施业务新签合同额同比增长 21.1%，能源和水利业务分别增长 85.6%和 55.9%。 • 房地产方面，销售合同额达 4,219 亿，优于行业降幅。年末存货同比下降 3%。中海地产权益销售额和利润稳居行业前列。新增土储面积 882 万平 方米，集中在一线和强二线城市。境外订单大幅增长，积极参与"一带一 路"建设。 • 公司力争 2025 年新签合同额超 4.6 万亿、营收超 2.28 万亿。深入实施 166 战略路径，加强科技成果产品化，加快战略性新兴产业发展，优化资 产结构，提高发展质量。 Q&A 中国建筑在 2024 年度业绩表现如 ...

每经记者 陈梦妤 每经编辑 魏文艺 4月21日，中国建筑（SH601668，股价5.46元，市值2256亿元）举行2024年度业绩说明会，中国建筑董事长郑学选，副总裁、财务总监黄杰，副总裁吴秉琪 等出席。 房地产是这场业绩会的绝对主角，相关提问几乎都围绕着房地产展开，"好房子"则是管理层口中的超高频词汇。 2024年，中国建筑地产业务合约销售额4219亿元，同比下降6.5%；合约销售面积1461万平方米，同比下降21.4%；实现营业收入3062亿元，同比下降0.8%； 实现毛利529.3亿元，同比下降5.9%。 报告期内，中国建筑新购置土地75宗，期末土地储备7718万平方米，新增土地储备882万平方米，总购地金额1385亿元。新增土地储备全部位于一线、强二 线及省会城市，土地储备结构进一步优化。 "我们2024年新获取的土地，90%以上位于一线城市的核心区域，且多为高端改善产品。特别是位于北京、上海以及新加坡等地的多个高端改善盘入市，所 以我们的销售单价同比增长，且销售情况良好，在整体销售面积下降的情况下，带动了今年1~2月合约销售额的合理上升。"吴秉琪在业绩会上指出，总的来 说，公司在手货值规模非常充足， ...

丨证券研究报告丨 联合研究丨公司点评丨中国建筑（601668.SH） [Table_Title] 需求整体承压，分红率大幅提升 报告要点 [Table_Summary] 公司全年实现营业收入 21871.48 亿元，同比减少 3.5%；归属净利润 461.87 亿元，同比减少 14.9%；扣非后归属净利润 415.81 亿元，同比减少 14.3%。 分析师及联系人 [Table_Author] 张弛 刘义 宋子逸 张智杰 袁志芃 SAC：S0490520080022 SAC：S0490520040001 SAC：S0490522080002 SAC：S0490522060005 SFC：BUT917 SFC：BUV416 请阅读最后评级说明和重要声明 %% %% %% %% research.95579.com 1 中国建筑（601668.SH） cjzqdt11111 [Table_Title2] 需求整体承压，分红率大幅提升 [Table_Summary2] 事件描述 公司全年实现营业收入 21871.48 亿元，同比减少 3.5%；归属净利润 461.87 亿元，同比减少 14.9%；扣非后归属净利润 ...