中国交通建设：2025年中期报告

2025 2373859606162646669126137139 2025 3,354.5099.900.589,910.543.1%3,202.5532% 334 230% •2025829 10%–30%1–3 34139 ++++AI + ––G6002 22 + 10150172DE40PC EOD100150MW/15MWhEPC BIM –– 2,003.792.2%30%26%15%7%4%18%41%28%17%7%5%2% 86.731%36.92,818.88 1025 ––230% 3,2031.6%820 41535451304004610023919657237,1751 88.912.7%86%3%2%9% 4ISO(IRF)ISO1025A+707m2024ABIM 651939431,800300 911511518 1+7+N–– 5.3% 7.1%5% 9,910.543.1%202563034,289.88 2,003.79281.672.2%20%3155.7555%2025630139 3,202.551.6% 583.7992.0%352.284.9%35.6632.9% 454.0912.10356.30 1. 5.3%4.6%21.8%15.4%4.2% 2. 2024ENR25015.1% 3. (1) 8,976.984.0%1,980.67278.42202563028,499.02 531.911,353.5543.225,067.631,980.676%15%1%56%22% 20251–61,092.566.6% 531.9115.9%6%3.0116.41 3. (1) 20251–611,291.318.9% 1,353.553.9%15%197.50214.58 3,5595.5%3.9%43.221% 3. (1) 5,067.637.3%56%241.1877.51 44%16%3%2%2%2%1%30% 1,980.67278.423.5%22% 3. (2) 243.6425.4%9.101.2820256301,824.11 (3) 630.775.7%5.690.8020256303,716.85 87 3. (4) AI 59.152025630249.90 4. (1) 4. (1) 4. 4. (3) 1. 2. 127,151 3. 4,631,063 4. 5. 2025 5. (1) 454.0912.101.70356.30BOT211.4565.56189.1845%14%41% (2) 4,6461,153 1,9141,743 (3) 20256302,148.10333341.966.8720256301,147.65 5. 5. 2 5. (3) 2 5. (3) 20256303,354.5020243,560.105.8%679.0920%202563085.8%4.0%6.7%3.5% 2025630357.652024415.9614.0%2025630202463011.7%10.7% 630167.642024189.6911.6% 202563099.902024120.2216.9%20256300.5820240.70 20252024630 20256303,354.5020243,560.105.8%2,988.37138.09233.707.0%5.1%13.1%122.029.2% 20256302,996.8520243,144.144.7%2,694.98114.42208.28107.9720246.1%1.8%12.2%7.2% 20256309.5%3.8% 2025630357.652024415.9614.0%14.8%18.5%20.0%202427.0%2025630202463011.7%10.7%9.8%17.1%10.9%11.5%202410.7%20.0%11.8%9.9% 2025630169.842024189.1010.2% 202563031.74202430.461.28 20256306.4220242.10 202563023.98202421.7310.4% 2025630172.082024205.2716.2% 2025630146.8810.4811.048.792024172.1012.2817.734.91 202563020245.8%5.1% 630112.242024106.964.9% 2025630109.402024116.496.1% 6307.3020248.9618.5% 20256300.0220242.91 2025630167.642024189.6911.6% 63034.61202438.149.3% 33.13202431.335.7% 20252024630 20252024630 20256 302,694.9820242,870.256.1%2025630202489.3%90.2% 20256302024344.4414.8%293.392025630202410.7%9.8% 20256307.5120247.55 2025630136.082024151.4910.2%20256304.6%20244.7% 202563017.79202417.422.1%20256300.6%20240.5% 202563020244.1214.87 2025630146.882024172.1014.7%202563020245.4%4.9% 20252024630 2025630138.092024145.545.1%EPC 2025630114.422024116.491.8%2025630202480.0%82.9% 2025630202429.0523.672025630202420.0%17.1% 202563020242.101.74 202563011.35202412.257.3%202563020248.4%8.2% 20256302.4320242.89202563020242.0%1.8% 20256302.3320240.472025 202563010.48202412.2814.7%202563020248.4%7.6% 20252024630 2025630233.702024268.9413.1% 2025630208.282024237.1712.2%2025630202488.2%89.1% 202563025.42202431.772025630202411.8%10.9% 20256302.2620242.15 202563011.14202413.2515.9%202563020244.9%4.8% 202563020240.441.67202563020240.2%0.7% 202563020241.800.69 202563011.04202417.7337.7%202563020246.6%4.7% 20252024630 2025630122.022024111.779.2% 2025630107.972024100.712025630202490.1%88.5% 202563014.05202411.06202563020249.9%11.5% 202563016,988.29 20252024630 2025630773.012024741.61 2025630189.282024156.08BOT 2025630971.472024992.05 BOT20252024630 2025630162.722024139.42BOT 202563020241231 (1)202563018020241231365 (2)202563018020241231365 202563020241231 2025630296.9720241231285.38 202563020241231 202563020241231 202563020241231 202563053.9%20241231202463049.1%51.9% (i) 39.262024123143.47 (ii) 202563035.182024123135.22 202563054.512024123145.92 (iii) 2025630662.5220241231712.54530.4620241231597.84 630 130 2007 2025630 20256304,006.7320256301%40.07 2025630142.51 20256305%6.84 + Ernst & Young27/F, One Taikoo Place979 King’s RoadQuarry Bay, Hong Kong 601252025630343434 2410 34 2025829 2025630 2025630 2025630 2025630 *20256302,552.33(202412312,466.34 (1)2025630310.002024310.005.92 (2)2025630990.542024876.611.79 2025630 2025630 2025630 2025630 2025630 1. –2006108H20061215A20123985 2.1 202563034 20241231 2.2 20241231 21 21 2025630 3. (a)(b)(c)(d) 1112 2025630 3. 2025630 3. 2025630 3. 2025630 2025630 3. (a) 2025202463010% 2025630 4. (i) 2025630 4. (i) 2025630 4. (i) 2025630 4. 5. 2025630 6. 7. 2025630 8. 25%202463025%15%202463015% 20252024630 OECD15% 2025630 9. 202412310.3016649.1122.802024AH202512226.312025616A202571H202581520256264.02 5.92 10. 16,166202416,166 2025630 10. 2025630 10. 202563020251120256305.43 **2024630 2025630 2025630 11. 202563025.392024123126.90 202563038.342024123136.8027 2025630 12. 2025630 12. 2025630 12. 20256301,724.0520241,612.20289.172024212.67 20256302.99202412312.99 20256 301,634.18202412 311,444.1721(d)27 202563020241231 (a)2025630 (b) (c)202563019.672024123124.44 2025630 14. 20256302024123