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： 证券代码：601800 证券简称：中国交建 公告编号：临 2024-058 中国交通建设股份有限公司 关于召开 2024 年第一次临时股东大会的提示性公告 一、 召开会议的基本情况 (一) 股东大会类型和届次 股东大会召开日期：2024年11月29日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 本公司于 2024 年 11 月 13 日分别在《中国证券报》《上海证券报》《证券 时报》、《证券日报》和上海证券交易所网站（www.sse.com.cn）刊登了《中国 交建关于召开 2024 年第一次临时股东大会的通知》（公告编号：临 2024-057 号）， 公司 2024 年第一次临时股东大会（简称本次股东大会）将使用上海证券交易所 股东大会网络投票系统，并于 2024 年 11 月 21 日在上海证券交易所网站 （www.sse.com.cn）刊登了《中国交建 2024 年第一次临时股东大会会议材料》， 现就本次股东大会发布提示性公告。 2 ...

A 股股份代码：601800 H 股股份代码：1800 2024 年第一次临时股东大会 会议材料 中国交通建设股份有限公司 2024 年 11 月 29 日 股东大会会议材料 会议须知 为维护全体股东的合法权益，确保股东大会的正常秩序 和议事效率，保证大会顺利进行，本公司根据《公司法》、 《上市公司股东大会规则》以及《公司章程》的规定，特制 定本须知。 一、参会股东及股东代表须携带身份证明（股票账户卡、 身份证、法人股东的营业执照等）及相关授权文件办理会议 登记手续及有关事宜。 二、出席本次股东大会的股东及股东代表应于 2024 年 11 月 28 日上午 8:30-11:30，下午 1:30-4:30 之间办理会议登 记。 三、会议按照法律、法规、有关规定和公司章程的规定 进行，请参会人员自觉维护会议秩序，防止不当行为影响其 他股东合法权益。 四、谢绝个人进行录音、拍照及录像。 五、股东要求在股东大会上发言的，应在发言议程进行 前到会议登记处进行登记。大会主持人根据会议登记处提供 的名单和顺序安排发言。股东提问应举手示意，并按照主持 人的安排进行。 六、股东发言、质询的总时间控制在 30 分钟之内。股 东发 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部分內 容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 本公告僅供參考之用，並不構成收購、購買或認購證券之邀請或要約。 本 公 告 所 載 資 料 不 得 在 美 國 境 內 或 向 任 何 美 國 人 士 直 接 或 間 接 散 佈 或 傳 播（「美 國 人 士」如 經 修 訂 的《1933年 美 國 證 券 法》（「美國證券法」）中 的S條例所定義，且包 括根據第13959號 行 政 命 令（由 第14032號 行 政 命 令 修 訂 或 不 時 修 訂，統 稱「行政命 令」）或《中 國 軍 事 工 業 複 合 體 制 裁 法 規》（31 CFR第586部分）（「CMIC制裁法規」）中 的 相 關 定 義）。本 公 告 僅 供 參 考 之 用，並 不 構 成 在 美 國 或 任 何 其 他 司 法 管 轄 區 內 出 售 或 招 攬 購 買 任 何 證 券 的 邀 約，在 任 何 此 類 司 法 管 轄 區 的 證 券 法 律 註 冊 或 資 格認定之 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負 責，對其準確性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部 或任何部份內容而產生或因倚賴該等內容而引致的任何損失承擔任何責任。 中國交通建設股份有限公司 CHINA COMMUNICATIONS CONSTRUCTION COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份代號：1800） 公 告 沒收未領取的股息 根據中國交通建設股份有限公司（「本公司」）公司章程規定，在遵守中國有關法律、 法 規 的 前 提 下，對 於 無 人 認 領 的 股 息，本 公 司 可 在 適 用 的 有 關 時 效 期 限 屆 滿 後 行使沒收權力。據此，本公司董事會宣佈，下列於2024年12月17日仍未領取的股 息將予沒收及撥歸本公司所有： | 股息類別 | 宣派股息日期 | 每股股息 | | | | --- | --- | --- | --- | --- | | 2009年末期股息 | 2010年4月12日 | 人民幣0.11600元（相 | 當 | 於0.132436港元） | | 2010年末期股息 | 20 ...

本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 一、 召开会议的基本情况 (一) 股东大会类型和届次 证券代码：601800 证券简称：中国交建 公告编号：临 2024-057 中国交通建设股份有限公司 关于召开 2024 年第一次临时股东大会的通知 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： 股东大会召开日期：2024年11月29日 2024 年第一次临时股东大会 (二) 股东大会召集人：董事会 (三) 投票方式：本次股东大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：2024 年 11 月 29 日 14 点 00 分 召开地点：北京市西城区德胜门外大街 85 号中国交通建设大厦 (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大会网络投票系统 网络投票起止时间：自 2024 年 11 月 29 日 至 2024 年 11 月 29 日 采用上海证券交易所网络投票系统，通过交易系统投票平台 ...

Investment Rating - The investment rating for the company is "Buy" (maintained) [3] Core Insights - The company reported a strong growth in new contracts, with a year-on-year increase of 12% in new signed contracts for Q3 2024, driven mainly by infrastructure construction and dredging projects [5] - The net profit margin showed a slight improvement, with the net profit for Q3 2024 being 49 billion yuan, a year-on-year decrease of only 1% [5] - The company is expected to achieve revenue growth of 9% to 10% from 2024 to 2026, with projected net profits increasing correspondingly [5] Summary by Sections Financial Performance - For the first three quarters of 2024, the company reported a total revenue of 536.6 billion yuan, a year-on-year decrease of 2%, and a net profit of 16.3 billion yuan, also showing a slight decline [2][5] - The gross profit margin for the first three quarters of 2024 was 11.5%, reflecting a year-on-year increase of 0.2 percentage points [5] New Contracts and Growth - The new signed contracts for Q3 2024 amounted to 319.6 billion yuan, marking a 12% increase year-on-year [5] - The breakdown of new contracts includes 286.1 billion yuan from infrastructure construction, 6.1 billion yuan from infrastructure design, and 24.5 billion yuan from dredging projects [5] Profitability and Margins - The net profit margin for Q3 2024 was 2.7%, showing a slight year-on-year increase [5] - Investment income and impairment losses both increased, contributing positively to the profit [5] Future Projections - Revenue projections for 2024 to 2026 are 830.1 billion yuan, 914.0 billion yuan, and 1,009.7 billion yuan, respectively, with net profits expected to reach 26.1 billion yuan, 28.7 billion yuan, and 31.8 billion yuan [6] - The company is positioned as a leader in China's infrastructure sector, with potential benefits from the "Belt and Road" initiative [5]

Investment Rating - The report maintains a "Buy" rating for both A-shares and H-shares of China Communications Construction Company (CCCC) [4][6]. Core Views - CCCC's new contract signing shows steady growth, with a total of 12,804.6 billion yuan in new contracts signed from January to September 2024, representing a year-on-year increase of 9.3% [3]. - The company's net profit attributable to shareholders for the first three quarters of 2024 is 162.7 billion yuan, a slight decrease of 0.6% year-on-year, while the net profit excluding non-recurring items decreased by 11.45% [1][2]. - The report highlights that the increase in investment income from asset disposals has helped mitigate the decline in net profit, with investment income reaching 9.8 billion yuan, an increase of 11.6 billion yuan compared to the same period last year [2]. Summary by Sections Financial Performance - For the first three quarters of 2024, CCCC achieved total revenue of 536.64 billion yuan, a decrease of 2.3% year-on-year, and a net profit of 162.7 billion yuan, down 0.6% [1]. - The gross margin for the first nine months of 2024 was 11.5%, with a net profit margin of 3.9%, both showing slight increases compared to the previous year [2]. Contract Signing and Business Segments - New contracts in emerging business areas grew significantly, with a total of 3,900 billion yuan signed in the first three quarters, marking a 27% increase year-on-year [3]. - The report notes a decline in new contracts for traditional transportation and municipal projects due to tight local government finances, with significant decreases in port, road and bridge, and railway construction contracts [3]. Cash Flow and Asset Management - CCCC experienced a net cash outflow from operating activities of 77.03 billion yuan in the first nine months, an increase of 27.2 billion yuan compared to the same period last year [2]. - The company is actively working on asset management, including the issuance of 4.956 billion yuan in asset-backed securities to improve liquidity and asset turnover [3]. Profit Forecast and Valuation - The profit forecast for CCCC has been adjusted downwards for 2024-2026, with net profit estimates of 24.22 billion yuan, 26.90 billion yuan, and 28.70 billion yuan respectively, reflecting a decrease of 6%, 3%, and 4% [4]. - Despite the downward adjustment, the report remains optimistic about the company's future growth prospects due to steady new contract growth and improved gross margins [4].

Investment Rating - The report assigns a "Buy" rating for China Communications Construction Company (CCCC) [5] Core Insights - The company reported a revenue of 536.636 billion yuan for the first three quarters of 2024, a year-on-year decrease of 2.26%, with a net profit attributable to shareholders of 16.274 billion yuan, down 0.61% year-on-year [2] - New signed orders showed robust growth, with a total of 12,804.56 billion yuan in new orders for the first three quarters, an increase of 9.28% year-on-year [2] - The company is focusing on emerging business sectors, achieving a 27% year-on-year increase in new contracts in these areas [2] - The gross profit margin for the first three quarters was 11.54%, with a slight decline in Q3 to 11.30% [2] - The report highlights the potential for improved cash flow and performance in Q4 due to increased local project construction demand [3] Summary by Sections Financial Performance - For Q3 2024, the company achieved a revenue of 179.19 billion yuan, a decrease of 1.73% year-on-year, and a net profit of 4.876 billion yuan, down 0.65% year-on-year [2] - The gross profit margin for Q3 decreased by 0.96 percentage points compared to the previous year [2] - The company recorded an investment income of 0.976 billion yuan, an increase of 1.162 billion yuan year-on-year [2] Order and Business Development - New signed orders in Q3 amounted to 319.589 billion yuan, reflecting a year-on-year increase of 12.1% [2] - The city construction and overseas engineering segments saw significant growth, with new orders increasing by 20.10% and 27.70% respectively [2] - Emerging business sectors contributed to a new contract amount of 390 billion yuan, up 27% year-on-year [2] Future Outlook - The company expects net profits for 2024-2026 to be 24.819 billion yuan, 26.362 billion yuan, and 29.269 billion yuan respectively, with growth rates of 4.23%, 6.22%, and 11.03% [5] - The report anticipates improved cash flow and performance in Q4, driven by local government fiscal improvements and increased project turnover [3]

Summary of Conference Call Company Overview - The conference call primarily discusses the performance of China Communications Construction Company (CCCC) in the third quarter of the year, focusing on its financial results and market strategies. Key Points Industry and Market Performance - CCCC achieved a new contract value of 1.28 trillion yuan in the first three quarters, representing a year-on-year increase of 9.3% [1] - Domestic contracts grew by 5.9%, mainly driven by urban construction projects, with key regions being Guangdong, Zhejiang, Chongqing, and Shandong [1] - International contracts reached over 280 billion yuan, marking a 24.7% increase year-on-year, accounting for 21% of total new contracts, with significant growth in Africa, Asia, and Oceania [1] Financial Performance - Total revenue for the first three quarters was 536.6 billion yuan, a decrease of 2.2% year-on-year, attributed to macroeconomic conditions and slower order conversion [2] - Net profit was 16.2 billion yuan, down 0.61% year-on-year, with a stable net profit margin showing a slight improvement [2] - Non-recurring net profit decreased by 32.8% due to asset management initiatives [2] - Cash flow remains negative but has shown signs of improvement, with a narrowing outflow in the third quarter [2][3] Strategic Initiatives - CCCC is focusing on asset management and has initiated several asset securitization projects, including a notable ABS issuance for highway assets [3][4] - The company is enhancing internal management and operational efficiency, leading to a slight increase in gross margin by 0.2 percentage points [3] Government Policies and Market Outlook - The management discussed the impact of government debt resolution policies and their proactive measures to manage receivables and improve cash flow [5][6] - The company is optimistic about overseas growth, particularly due to the Belt and Road Initiative, which has led to a significant increase in international orders [7][10] - The management expressed confidence in achieving better order quality and potential revenue growth in the coming year, despite current pressures [11][15] Challenges and Risks - The company faces challenges in cash flow management due to delayed payments from clients, which may affect revenue growth [11][21] - There is a cautious outlook on achieving the annual revenue target, with expectations of a modest increase in the fourth quarter [22][23] Future Plans - CCCC plans to continue its focus on asset management and is exploring opportunities for project investments, particularly in high-quality projects [18][19] - The management is also considering measures for market capitalization management, including potential share buybacks and dividend policies [31][32] Additional Insights - The management highlighted the importance of maintaining a balance between order quantity and quality, emphasizing the need for strategic project selection [23][24] - There is an ongoing effort to address historical debt issues and improve relationships with local governments to facilitate smoother operations [26][27] This summary encapsulates the key discussions and insights from the conference call, providing a comprehensive overview of CCCC's current performance, strategic direction, and market outlook.

Investment Rating - The report maintains a "Recommended" rating for the company [3][6]. Core Insights - The company reported a revenue of 536.64 billion yuan for the first three quarters of 2024, a year-on-year decrease of 2.26%, and a net profit attributable to shareholders of 16.27 billion yuan, down 0.61% year-on-year [2]. - The company has shown an increase in profitability, with a gross margin of 11.54%, up 0.28 percentage points year-on-year, and a net profit margin of 3.91%, up 0.12 percentage points year-on-year [2]. - The company signed new contracts worth 12,804.56 billion yuan from January to September 2024, representing a year-on-year growth of 9.28%, with significant contributions from urban construction and emerging business sectors [3]. Financial Performance Summary - For the first three quarters of 2024, the company achieved a net cash flow from operating activities of -77.03 billion yuan, which is a year-on-year increase in outflow by 27.20 billion yuan [2]. - The company's accounts receivable increased to 134.60 billion yuan, up 14.80 billion yuan year-on-year [2]. - The company expects net profits attributable to shareholders to be 24.01 billion yuan, 24.77 billion yuan, and 26.84 billion yuan for 2024, 2025, and 2026 respectively, with corresponding P/E ratios of 7.49, 7.26, and 6.69 [3][5].