证券日报网讯 2月12日，中国交建在互动平台回答投资者提问时表示，公司上市以来的研发与再生产投 入，均为支撑主业发展的生产性投入为主，已转化为技术储备、优质资产与核心竞争力。公司市值受宏 观经济、行业周期、市场情绪等多重因素影响，与历史投入并非简单对等关系。公司将持续聚焦主业， 强化技术创新、提升经营质效、加强投资者沟通，以稳健经营和价值创造为根本，努力提升服务水平与 市场竞争力，切实维护全体股东长远利益。 （编辑 袁冠琳） ...

智通财经APP讯，中国交通建设(01800)发布公告，2025年，集团新签合同额为人民币18836.72亿元，同 比增长0.13%，完成年度目标的93%(按照董事会审议批准的在2024年新签合同额人民币18811.85亿元的 基础上增长7.1%测算)。 ...

中国交通建设(01800)发布公告，2025年，集团新签合同额为人民币18836.72亿元，同比增长0.13%，完 成年度目标的93%(按照董事会审议批准的在2024年新签合同额人民币18811.85亿元的基础上增长7.1%测 算)。 ...

智通财经APP讯，中国交建(601800.SH)发布公告，2025年，公司新签合同额为18,836.72亿元，同比增 长0.13%，完成年度目标的93%(按照董事会审议批准的在2024年新签合同额18,811.85亿元的基础上增长 7.1%测算)。 ...

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。 1. 按業務類型統計 各業務按照業務類型統計，基建建設業務、基建設計業務、疏浚業務和 其他業務分別為人民幣17,224.20億元、人民幣425.00億元、人民幣1,068.85 億元和人民幣118.67億元。 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） 2025年第四季度主要經營數據公告 本 公 告 乃 由 中 國 交 通 建 設 股 份 有 限 公 司（「本公司」，連 同 其 附 屬 公 司「本集團」） 根據香港法例第571章證券及期貨條例第XIVA部及香港聯合交易所有限公司證 券上市規則第13.09條而作出。 現將本集團2025年第四季度主要經營情況公佈如下，供各位投資者參閱。 一. 主要經營情況 2025年，本集團新簽合同額為人民幣18,836.72 ...

南向资金持续流入港股市场，2月6日半日净流入105亿港元，开年以来累计净流入超1200亿港元，低估 值港股对内地资金吸引力增强。基建领域近期有积极信号，如厦金大桥(厦门段)关键工程于2月10日完 成先导索跨岸连接，标志项目进入上部结构施工阶段，可能对基建板块情绪形成支撑。此外，交通运输 部等部门近期推动公路出行信息直播体系建设和绿色燃料加注中心规划，政策面向好为行业提供长期发 展环境。 以上内容基于公开资料整理，不构成投资建议。 经济观察网近7天，中国交通建设(01800.HK)股价整体小幅波动，区间涨跌幅为-0.59%，振幅1.76%。截 至2月12日收盘，股价报5.08港元，单日上涨0.79%，成交额约3878万港元。技术面上，股价近期在布林 带中轨附近震荡，MACD指标显示短期动能略有转强。资金流向方面，2月12日主力资金净流入745.4万 港元，反映部分资金逢低布局。同期恒生指数下跌0.86%，重型基建板块小幅上涨0.81%，公司股价表 现略优于大盘。 近期事件 ...

证券代码：601800 证券简称：中国交建 公告编号：临2026-009 中国交通建设股份有限公司 2025年1-12月主要经营数据公告 中国交通建设股份有限公司（本公司或公司）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。 现将公司2025年1-12月主要经营情况公布如下，供各位投资者参阅。 一、主要经营情况 2025 年，公司新签合同额为 18,836.72 亿元，同比增长 0.13%，完成年度目 标的 93%（按照董事会审议批准的在 2024 年新签合同额 18,811.85 亿元的基础 上增长 7.1%测算）。 1. 按业务类型统计 各业务按照业务类型统计，基建建设业务、基建设计业务、疏浚业务和其他 业务分别为 17,224.20 亿元、425.00 亿元、1,068.85 亿元和 118.67 亿元。 1 单位：亿元 业务分类 2025年10-12月 2025年累计 2024年 同期累计 同比 增减 个数 金额 个数 金额 金额 基建建设业务 1,984 4,999.80 7,509 17,224.20 17,00 ...

中国交建公告，2025年新签合同额18836.72亿元，同比增长0.13%，完成年度目标93%；基建建设 17224.2亿元，基建设计425亿元，疏浚1068.85亿元，其他118.67亿元；境外3924.41亿元，同比增长 9.09%，占比21%；新兴业务6655.43亿元，同比下降5.64%；基础设施投资类项目885.42亿元，同比下降 31.57%。 ...

格隆汇2月12日丨中国交建(601800.SH)公布，2025年，公司新签合同额为18,836.72亿元，同比增长 0.13%，完成年度目标的93%（按照董事会审议批准的在2024年新签合同额18,811.85亿元的基础上增长 7.1%测算）。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - In 2025, the number and scale of issued accounts - receivable asset - backed securities increased year - on - year. The actual financiers were still concentrated in construction central enterprises and their subsidiaries, with a more prominent head - effect. These entities were more inclined to introduce in - system factoring companies, capital companies, asset management companies, trust companies, other financial platforms, and off - system commercial factoring companies as original equity holders or agents of original equity holders to issue securitized products. - In 2025, the average issuance scale of single accounts - receivable asset - backed special plans decreased compared to the previous year, the product term was slightly shortened, the issuance interest rate continued to decline, the securities were mainly of AAAsf credit rating, and the overall product credit risk remained at a low level. The trading activity in the secondary market increased significantly [38]. 3. Summary According to the Directory Issuance Situation - In 2025, 157 accounts - receivable asset - backed securitization products were issued in the exchange market, with a total issuance scale of 180.806 billion yuan. The number of issuances increased by 22, and the issuance scale rose by 9.40% year - on - year. The issuance scale accounted for 12.37% of the total issuance scale of enterprise asset - securitization products for the whole year, a decrease of 0.85 percentage points year - on - year [4][5]. - In terms of issuance venues, 140 products with an issuance amount of 172.474 billion yuan (accounting for 95.39%) were issued on the Shanghai Stock Exchange, and 17 products with an issuance amount of 8.332 billion yuan (accounting for 4.61%) were issued on the Shenzhen Stock Exchange [8]. - Regarding the distribution of original equity holders, the top five original equity holders were China Railway Capital Co., Ltd., China Railway Trust Co., Ltd., China Railway Construction Asset Management Co., Ltd., CCCC Commercial Factoring Co., Ltd., and Shenzhen United Factoring Co., Ltd., with issuance scale proportions of 32.27%, 16.95%, 11.06%, 2.73%, and 2.48% respectively. The total issuance scale of the top five original equity holders was 118.429 billion yuan, accounting for 65.50%; the total issuance scale of the top ten was 134.983 billion yuan, accounting for 74.66% [8]. - In terms of actual financiers, the total issuance scale of the top ten actual financiers was 165.964 billion yuan, accounting for 91.79%, an increase of 1.89 percentage points year - on - year. The actual financiers were mainly concentrated in central enterprises and their subsidiaries, with an issuance scale of 162.126 billion yuan, accounting for 89.67%, a year - on - year increase of 3.06 percentage points. In terms of industries, the actual financiers in the construction industry had an issuance scale of 165.423 billion yuan, accounting for 91.49% [10]. - Regarding the distribution of managers, the top five managers with the highest proportion of new management scale were CITIC Securities Co., Ltd., Huaxi Securities Co., Ltd., Ping An Securities Co., Ltd., Shanghai Guotai Haitong Securities Asset Management Co., Ltd., and CITIC Construction Securities Co., Ltd., with scale proportions of 17.61%, 16.95%, 14.64%, 10.13%, and 9.39% respectively. The total new management scale of the top five managers was 124.244 billion yuan, accounting for 68.72%, a year - on - year increase of 5.54 percentage points; the total new management scale of the top ten managers was 160.486 billion yuan, accounting for 88.76%, a year - on - year increase of 9.70 percentage points [14]. - In terms of product scale distribution, the highest single - product issuance scale was 5.4 billion yuan, and the lowest was 100 million yuan. The products with a single - scale in the (5, 10] billion yuan range had the largest number of issuances, with 51 units and a scale proportion of 21.47%. The average single - issuance scale was 1.152 billion yuan, a decrease of 73 million yuan compared to the previous year [16]. - Regarding the term distribution, the shortest term was 0.69 years, and the longest was 4.99 years. The products with a term in the (1, 3] - year range had the largest number of issuances, with 88 units and a scale proportion of 49.97%. The weighted average term was 2.14 years, slightly shorter than the previous year [17]. - In terms of level distribution, in 2025, AAAsf - rated securities accounted for 90.08%, AA + sf - rated securities accounted for 6.33%, and sub - grade securities accounted for 3.59% [19]. - Regarding the issuance interest rate, the median issuance interest rate of AAAsf - rated securities with a term of around 1 year was 1.85%, a year - on - year decrease of about 29BP [4][21]. Issuance Spread Statistical Analysis - Compared with government bonds of the same term, the average issuance spreads of 1 - year and 3 - year accounts - receivable asset - backed securities in 2025 narrowed compared to the previous year. For example, the average 1 - year spread decreased from 0.74 percentage points in 2024 to 0.48 percentage points in 2025 [26][28]. - Compared with AAA - rated corporate bonds of the same term, the average issuance spreads of 1 - year and 3 - year AAAsf - rated accounts - receivable asset - backed securities in 2025 also narrowed compared to the previous year. The average 1 - year spread decreased from 0.18 percentage points in 2024 to 0.14 percentage points in 2025 [31][32]. - In terms of issuance cost, the average issuance interest rate of 1 - year AAAsf - rated accounts - receivable asset - backed securities issued in 2025 decreased by 32BP year - on - year [32]. Filing Situation - In 2025, 105 accounts - receivable asset - backed special plans were filed with the Asset Management Association of China, with a total scale of 129.051 billion yuan. Compared with the previous year, the number of filings decreased by 12, and the filing scale decreased by 14.02% [4][33]. Secondary Market Trading Situation - In 2025, accounts - receivable asset - backed securities had 5,596 transactions in the secondary market, a year - on - year increase of 102.90%. The total transaction scale was 147.768 billion yuan, a year - on - year increase of 47.63%. The transaction scale accounted for 13.76% of the total transaction scale of enterprise asset - backed securities in the current period, a decrease of 1.11 percentage points year - on - year, ranking second in terms of transaction scale [4][36]. Maturity Situation in 2026 - It is estimated that 261 outstanding accounts - receivable asset - backed securities will mature in the exchange market in 2026, with a maturity scale of 168.808 billion yuan, accounting for 21.19% of the total maturity scale of all enterprise asset - backed securities in 2026, ranking second in terms of maturity scale [4][37]. - From the perspective of original equity holders, China Railway Capital Co., Ltd. had 43 maturing accounts - receivable asset - backed securities, with a repayment scale of 43.229 billion yuan, accounting for 25.61%; China Railway Trust Co., Ltd. had 33 maturing securities, with a repayment scale of 33.605 billion yuan, accounting for 19.91%; China Railway Construction Asset Management Co., Ltd. had 22 maturing securities, with a repayment scale of 25.449 billion yuan, accounting for 15.08% [37].