(August 11, 2025)

Xinjiang Communications Construction () closed at 13.81 yuan on August 8, with a daily increase of 10.04%, a turnover of 443 million yuan, a turnover rate of 5.06%, and a net inflow of 162 million yuan for the main funds. This performance resonates with the asset injection commitment of controlling shareholder Xinjiang Communications Investment Group (completed before 10 months in 2025) and the implementation of the Xinjiang Free Trade Zone rules. Combined with the release of policy dividends in the infrastructure sector, it injects strong momentum into the short-term trend. Combining the latest market trends and technical indicators, the stock is expected to continue its upward trend on August 11, but we need to be wary of overbought risks and pressure on capital game.

1. The double logic of asset injection countdown driven by policy and fundamental support resonates with the dividends of the free trade zone

The controlling shareholder, Jiaotong Group, has made it clear that it will complete the injection of assets such as road bridges and logistics parks before 10 months of 2025. If it is implemented on time, the company's total assets will increase by about 30%, directly increasing earnings per share. At the same time, the Xinjiang Free Trade Zone rules were officially implemented on July 1, clearly stating that the company would be included in the "whitelist" of cross-border infrastructure, and overseas orders are expected to double in the next three years. The current amount of unfinished contracts in the company reached 27.027 billion yuan (as of the second quarter of 2025), which is equivalent to 2.1 times the revenue in 2024, and the certainty of performance release is enhanced. Financial improvement and order structure optimization

In the first quarter of 2025, revenue increased by 9.18% year-on-year, loss narrowed by 43.64%, and R&D expenses increased by 269.51% year-on-year, indicating that the company is increasing its gross profit margin through technology upgrades. In the second quarter, the amount of projects in the new China Tag reached 1.434 billion yuan, of which highways and municipal projects accounted for more than 60%, and the order quality was significantly improved. It is worth noting that the company recently won the bid for the Changji S246 line reconstruction project with Xinjiang Transportation Design Institute to further consolidate regional market share. The industry's prosperity resonates with capital

The infrastructure sector showed structural opportunities in 2025, with the issuance of special bonds in central and western China accelerating (the growth rate of Sichuan, Shaanxi and other places exceeding 100%), and the growth rate of fixed asset investment in Xinjiang exceeded 15% for three consecutive months. In addition, the national railway department invested 95 billion yuan to establish the Xinjiang Tibet Railway Company, which directly catalyzes the valuation restoration of rail transit equipment and infrastructure enterprises. From the perspective of capital, on August 8, the net inflow of main funds accounted for 36.62% of the turnover, and the inflow of super-large orders accounted for 43.72%, indicating that institutional funds were actively deployed during the policy window period. 2. Technical breakthrough and key price analysis The daily level of upward signal resonance of multi-cycle indicators: the stock price breaks through the dual pressure levels of 12.55 yuan (formerly high) and 12.31 yuan (60-day moving average). The MACD red bar continues to amplify, and the KDJ indicator passivates in the overbought area but does not show a dead cross, indicating that the bulls have the advantage. Weekly level: The W bottom pattern neckline (12.18 yuan) is effectively broken through, and the volume and price are well coordinated. If the position is stable at 13.81 yuan, the next target will be 15.00 yuan (2024 high). Chip distribution: The range of 13.00-13.50 yuan forms a dense trading area, with strong short-term support; the pressure level is concentrated in 14.00 yuan (upper track of the Bollinger band) and 14.50 yuan (intensive area of ​​historical trapped disks). Perspective of the game between quantity and price and capital

The turnover on August 8 increased by 2.3 times compared with the previous day, and the turnover rate hit a record high in the past three months, indicating that the market attention has increased sharply. However, it should be noted that the net outflow of mid-select and small-select funds was RMB 84.17 million and RMB 78.07 million respectively, reflecting that some retail investors chose to cash out at a high level, which may trigger short-term fluctuations. If the turnover on August 11 remains above RMB 500 million and the turnover rate is less than 6%, it means that the main funds are still dominating the market. 3. Investor strategies and risk prevention and control suggestions (1) Short-term operations (1-2 weeks) (2) Medium- and long-term layout logic (3) Multi-dimensional risk warning 4. Industry structure and strategic opportunities

As the leader in infrastructure in the core area of ​​the "Belt and Road", Xinjiang Communications Construction has deeply benefited from national strategies such as the China-Jiangxi-Ukraine Railway and the China-Pakistan Economic Corridor. Tianfeng Securities and other institutions predict that Xinjiang's infrastructure investment growth rate will reach 20% in 2025. With its special construction qualifications and location advantages, the company is expected to undertake more than 30% of major projects. What is more worthy of attention is that the "infrastructure new energy" model it is exploring (such as the construction of supporting photovoltaic power stations) may become a key catalyst for valuation reshaping.