Core Viewpoint - The company, Zhongji United (Beijing) Technology Co., Ltd., is utilizing idle raised funds for cash management to enhance fund efficiency and returns while ensuring the safety of the raised funds and normal operations [2][4]. Investment Overview - The investment aims to improve the efficiency of raised funds, increase returns, and reduce financial costs while ensuring that it does not affect the company's normal operations or the construction of fundraising projects [4]. - The total investment amount for this cash management is RMB 18 million [5]. - The source of funds for this investment is part of the company's idle raised funds [7]. Fundraising Background - The company raised a total of RMB 1,043.35 million through the issuance of 27.5 million shares at a price of RMB 37.94 per share, with a net amount of RMB 969.34 million after deducting issuance costs [8]. Investment Method - On February 3, 2026, the company's subsidiary purchased a structured deposit product from Industrial Bank, with a focus on high safety and liquidity [10]. Recent Cash Management Situation - As of the announcement date, the company has utilized idle raised funds for cash management, with a balance of RMB 49 million in financial products [17]. Approval Process - The company’s board and supervisory board approved the cash management proposal, which was also ratified by the annual shareholders' meeting, allowing for the use of up to RMB 60 million in idle funds [2][13]. Impact on the Company - The company maintains a reasonable debt level, with total liabilities of RMB 820.96 million and a debt-to-asset ratio of 22.34%, indicating a sound financial structure [17]. - The investment in financial products is recorded as "trading financial assets" on the balance sheet, with interest income classified under "investment income" [17]. Intermediary Opinions - The sponsor, CITIC Securities, confirmed that the cash management activities comply with relevant laws and regulations and do not alter the intended use of raised funds [18].

Core Viewpoint - The company, Zhongji United (stock code: 605305), confirmed that its production and operations are normal and that it has fulfilled its information disclosure obligations according to relevant laws and regulations [1] Group 1 - The company responded to investor inquiries on an interactive platform [1] - There are no significant undisclosed information that the company is required to disclose [1]

证券代码：605305 证券简称：中际联合 公告编号：2026-005 中际联合（北京）科技股份有限公司 关于使用闲置募集资金进行现金管理到期赎回 并继续进行现金管理的进展公告 上海证券交易所网站（www.sse.com.cn）及指定信息披露媒体披露的相关公告。 特别风险提示：公司及子公司使用闲置募集资金进行现金管理时，将选择 安全性高、流动性好、风险较低的保本型理财产品。尽管理财产品属于低风险投 资品种，但金融市场受宏观经济的影响较大，不排除该项投资受到市场波动的影 响，短期收益不能保障。敬请广大投资者注意投资风险。 投资种类：结构性存款 投资金额：人民币 1,800.00 万元 已履行的审议程序：中际联合（北京）科技股份有限公司（以下简称"公 司"）于 2025 年 4 月 17 日召开第四届董事会第十二次会议及第四届监事会第十 一次会议，分别审议通过了《关于使用部分闲置募集资金进行现金管理的议案》， 该议案经公司 2024 年年度股东会审议通过，同意公司及子公司在确保募投项目 所需资金正常使用和保证募集资金安全的前提下，对不超过人民币 6,000.00 万 元（含本数）的闲置募集资金进行现金管理，在上述 ...

Group 1 - The core point of the article is that Zhongji United (stock code: 605305) reported a total of 22,197 shareholders as of January 30, 2026 [1]

Market Overview - The engineering machinery sector experienced a decline of 2.26% on February 2, with Zhigao Machinery leading the drop [1] - The Shanghai Composite Index closed at 4015.75, down 2.48%, while the Shenzhen Component Index closed at 13824.35, down 2.69% [1] Individual Stock Performance - Zhigao Machinery (code: 920101) saw a significant drop of 9.01%, closing at 42.33 with a trading volume of 31,200 shares and a transaction value of 136 million [2] - Other notable declines included Fushite (code: 301446) down 7.31% and Tietuo Machinery (code: 920706) down 7.08% [2] - Conversely, Construction Machinery (code: 600984) increased by 3.52%, closing at 4.12 with a transaction value of 275 million [1] Capital Flow Analysis - The engineering machinery sector experienced a net outflow of 261 million from institutional investors, while retail investors saw a net outflow of 68.44 million [2] - Notably, speculative funds had a net inflow of 329 million [2] Detailed Capital Flow for Selected Stocks - Zhongji United (code: 605305) had a net outflow of 33.05 million from institutional investors, while speculative funds saw a net inflow of 17.02 million [3] - Iron Construction Machinery (code: 688425) reported a net inflow of 12.55 million from institutional investors and 21.61 million from speculative funds [3] - Other stocks like Longling Hydraulic (code: 605389) and Tuoshan Heavy Industry (code: 001226) also showed varying net inflows and outflows across different investor categories [3]

2月2日，中际联合跌5.05%，截至发稿，报40.82元/股，成交3.69亿元，换手率4.16%，总市值86.75亿 元。中际联合股价已经连续5天下跌，区间累计跌幅13.52%。 资料显示，中际联合(北京)科技股份有限公司位于北京市通州区创益东二路15号院1号楼，成立日期 2005年7月21日，上市日期2021年5月6日，公司主营业务涉及专用高空安全作业设备的研发、生产、销 售及高空安全作业服务。主营业务收入构成为：高空安全升降设备66.87%，高空安全防护设备 29.29%，高空安全作业服务3.21%，其他0.63%。 从基金十大重仓股角度 数据显示，东证资管旗下1只基金重仓中际联合。东方红慧选成长混合A（023082）四季度持有股数5.33 万股，占基金净值比例为0.67%，位居第八大重仓股。根据测算，今日浮亏损失约11.57万元。连续5天 下跌期间浮亏损失35.82万元。 东方红慧选成长混合A（023082）成立日期2025年9月9日，最新规模2.82亿。今年以来收益4%，同类排 名5254/9000；成立以来收益2.97%。 东方红慧选成长混合A（023082）基金经理为徐习佳。 截至发稿，徐习佳累计 ...

Investment Rating - The investment rating for the company is "Buy" [4] Core Insights - The company is expected to achieve a net profit attributable to shareholders of between 500 million to 550 million yuan in 2025, representing a year-on-year growth of 59% to 75% [1] - The growth in net profit is primarily driven by the rapid expansion of the wind power industry, improved order structure, and enhanced cost competitiveness through internal capability building [2][3] - The company is positioned as a leader in high-altitude safety equipment for wind power, with significant growth potential in both domestic and overseas markets [2] - The company is also expanding into multiple sectors, including industrial and construction, emergency rescue, and power grids, with new products expected to drive future growth [3] Financial Summary - The projected revenues for 2025, 2026, and 2027 are 1.845 billion, 2.103 billion, and 2.372 billion yuan, respectively, with year-on-year growth rates of 42%, 14%, and 13% [5] - The estimated net profits for the same years are approximately 521 million, 628 million, and 728 million yuan, with growth rates of 66%, 20%, and 16% [5] - The company's price-to-earnings (P/E) ratios are projected to be 18, 15, and 13 for 2025, 2026, and 2027, respectively [5]

Investment Rating - The investment rating for the company is "Buy" [4] Core Views - The company is expected to achieve a significant increase in net profit for 2025, with a forecasted growth of 59%-75%, translating to a net profit of between 500 million to 550 million yuan [1][2] - The growth is driven by the rapid expansion of the wind power industry, improved order structure, and enhanced customer recognition of the company's products [2] - The company is positioned as a leader in high-altitude safety equipment for wind power, benefiting from both domestic market demand and overseas expansion opportunities [2][3] Financial Summary - The projected net profit for 2025 is approximately 521 million yuan, with a year-on-year growth of 66% [5] - Revenue is expected to reach 1.845 billion yuan in 2025, reflecting a 42% increase [5] - The earnings per share (EPS) for 2025 is estimated at 2.45 yuan, with a price-to-earnings (P/E) ratio of 18 [5] Growth Drivers - The company is enhancing its product offerings in response to customer needs, leading to an increase in order size and value [2] - The domestic wind power market is projected to maintain high demand, with new installations expected to reach at least 120 GW during the 14th Five-Year Plan [2] - The company is also expanding into multiple sectors, including industrial and construction, emergency rescue, and power grid applications, which are expected to contribute to future growth [3]

证券日报网讯 1月29日，中际联合发布公告称，公司预计2025年年度实现归属于母公司所有者的净利润 为50000.00万元至55000.00万元，同比增长58.83%至74.71%。 （文章来源：证券日报） ...

Group 1 - The core viewpoint of the article is that Zhongji United (605305.SH) expects to achieve a net profit attributable to shareholders of the parent company between 500 million to 550 million yuan in 2025, representing a year-on-year growth of 58.83% to 74.71% [1] Group 2 - The projected net profit range for 2025 is between 500 million to 550 million yuan [1] - The anticipated growth rate compared to the previous year is significant, ranging from 58.83% to 74.71% [1]