中国铁建2025年度报告

. . . . . 2025202551,364,22211,800,95520244,073,86220252,389,77956,701,536 202512 3113,579,541,500103.004,073,86225.50%52,627,674 . . . . )( . 2025 . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .2. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .4. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .12. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .14. . . . . . . . . . . . . . . . . . . . . . . . . . . . . .86. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .141. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .176. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .185. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .269. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . .603 20251–12 202512 31 200711520083 10313(A(H 20255005120500 150 21011310 90167593521846,49943,536 . China Railway Construction Corporation LimitedCRCC . . 40401008553923www.crcc.cnir@crcc.cn . www.sse.com.cnwww.hkex.com.hk40 . A601186–H(China Rail Cons)1186– . 11701-1219B1297914A188H183171712-1716 201012 152011 . 2,389,779 . ✔ ✔ .2025 ✔ . 11 ✔ . ✔ . ✔ . 2025 2025 202530,764.970100.5%10,297.845269.330 20251256 20251+9+N236,7322,990A 2025 2026 20263 30 . 2025 424420251+9+N 2025 162025 PC20252+4+72025 2025 2025 +2025ABS . 202586,4251.1%6,35514.1% 2025BIM 2025(REITs)2025REITs 202582,78817.2%63,51416.3%88,101202520255 12.7499 20252025–2026 2025368.25.1%GDP13.9%20240.25.3%9%28%25.1% 20251+N 2025 . 2025 30,764.970100.50%3,116.22616.19%2,247.39115.92%2,264.77217.34%2,089.68418.21%3,633.39816.46%11.81%10,297.845758.73515.14%1.1962877 269.33061+691%204ABS45.3343032512025265.50326.1448.96% 2+4+72025+ 1+9+N2315%20301245434320256,7322,99044.41%1145056ISO/IEC48334 261256125 . ✔ 1+9+N20252030112+ 2025150A + H 15050%40%30%A3A1AAA0.52350020255120256 . 202510,297.8453.50%216.86819.91%30,764.9701.30% 202530,764.970100.50%1.30%27,131.57288.19%0.43%3,633.39811.81%16.46% 202526,990.57687.73%2.03% 1. 2. (1) 1. 2. (2) ✔ (3) (4) 1. 2. (5) (6) (7) A. 225,433,14421.89%00% 6,028,6870.65%00% B.50%5 ✔ 50%5 ✔ C. ✔ 3. 202564.12020246.20% 2025201.38320249.81% 2025235.96020248.23% 2025109.716202438.07% 202552.46120242.78% 4. (1) (2) (3) (4) 5. PPPBOT408.27424.7786.46% 6. 29.570343.808 569.60889.213 598.303349.279 1. 1. 2. 2. ✔ 112,073,9385.38% 3. ✔ 27. 4. 202512 31 202512 31 5. (1) 2 0 2 41 23 12 , 0 4 7 . 5 9 2202512 31 2,410.240362.648 1.365 2.365 (2) 2 0 2 41 23 15 , 1 2 8 . 1 3 6202512 31 5,913.877785.741 6. 2 0 2 41 23 18 8 9 . 3 5 4202512 31940.76651.4125.78% 7. 202412 31202512 310.6930.576 8. (1) 202512 31202412 31 202512 31202412 31 202512312024123175%71% (2) 202512 31202412 31 (3) (4) 202512 31202412 31 27. 9. 1. 2. 3,72172,954,286 3. 11,741481,571,784 4. 5. 8,67126,990.576 6. ✔ 45,059.66222,849.27722,210.385 ✔ 7. (1) 23,13910945326967 (2) (4) 8. (5) 2025 GB/T 19001–2016/ISO9001:2015GB/T 50430-201702124Q10954R8MU006624Q0243R8M 4826·5,000QCQC34314291110104202528820 1211181501712023–202477 2025 (6) 2025 2025 202584 2025AI 1266,9862,76932119,4713,5155006 1. 2. 5743.8899.812.51%934,34613,679 1. 2. 3. 409.124195.86155.7140.1%26.01% 4. 756.425,577,432665.6375,546,75218,287,525 5. 2025109.593.740.56% 1/1,091,69336,891// 2/58,511541// 6. ✔ 7. 202512311,493.3251,540.98847.6633.09%602.915646.42843.5136.73%890.410894.5604.1500.46% 1. 2. 3. 16.2. . 6G 12561256 1256 ✔ 1. 2025 2.2026 202630,00010,0169,720 3. 2026 1. 2. 3. 40 4. 5. . ✔ . 2025123113,579,541,50010.3020254,073,862202520268 31H 2025 H[2008]897HH200810%2010HH10%B[2009]394 [1993]045[2011]34810%10%[2014]81HHHH20%[2016]127HHHH20%A10%10% [2015]1011111150%20%1 42. 44.46.47. 20. 202512 31567.015 202512 31 202512 3166. 1. 53,410 2.(7) . ✔ 1. H26 2. 2025202532110315266A 3. 20252024202525.50%4.9202571601,024E6252025A2025IRESG·ESG ✔ . C1C1 6 ESGESGESGESG2025(ESG) 2025 . ✔ ✔ . . e20252025 . 1. 2. 20254 29202520253 1720254 2920253 123.09D 20258 3. 3.10(1)3.10(2)3.10A13.5.43.13 20138 11202531 . 20262 11 . 1.2.3.4. 1. 2. 1. 2. 1. 2. 1,276.88 20254 292025(www.sse.com.cn)(www.hkex.com.hk)(www.crcc.cn)20254 30 (www.sse.com.cn)(www.hkex.com.hk)(www.crcc.cn)20253 1820254 29 202510 30(www.sse.com.cn)(www.hkex.com.hk)(www.crcc.cn)202510 31 1. XV(a)352(b) 2. 2.(2) 3. . . 1.2.3.4.5.6.7.8.9. 4 7 2 ESG ESG202420257 . ✔ . 386249,920250,3060 89,40315,64473,33319,79652,130 250,306 16,813181,65427,78610,74613,307 250,306 2025100%96%901,451,097551,138899,