四川成渝高速公路股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣 布，因工作調動原因，馬永菡女士（「馬女士」）已提出辭任本公司執行董事之職 務，郭人榮先生（「郭先生」）已提出辭任本公司財務總監之職務，該等辭任均自二 零二六年一月二十九日生效。 馬女士及郭先生均已確認，彼等與董事會並無任何意見分歧，亦無有關其辭任之 其他事宜須提呈本公司股東垂注。 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。 四川成渝高速公路股份有限公司 Sichuan Expressway Company Limited* （在中華人民共和國註冊成立之股份有限公司） （股份編號：00107） 執行董事及財務總監辭任公告 執行董事兼公司秘書 中華人民共和國•四川省•成都市 二零二六年一月二十九日 於本公告之日，董事會成員包括：執行董事羅祖義先生（董事長）、游志明先生 （副董事長）、姚建成先生及毛渝茸女士，非執行董事楊少軍先生（副董事長）、李 成勇先生及陳朝雄先生，獨立 ...

每经头条（nbdtoutiao）——水贝黄金平台"杰我睿"兑付危机调查：40倍杠杆对赌，金价越涨平台越 亏！老板自称"还在深圳"，投资者：兑付方案本金打两折，无法接受 （记者 张明双） 每经AI快讯，四川成渝1月29日晚间发布公告称，因工作调动原因，马永菡女士申请辞去其所担任的公 司第八届董事会执行董事职务，郭人荣先生申请辞去其所担任的财务总监职务。马永菡女士、郭人荣先 生的辞任函已送达公司董事会并生效，马永菡女士、郭人荣先生在辞任后将不再担任公司任何职务。 ...

| 证券代码：601107 | 证券简称：四川成渝 | 公告编号：2026-001 | | --- | --- | --- | | 债券代码：241012.SH | 债券简称：24 成渝 01 | | 马永菡女士、郭人荣先生在任职期间勤勉尽责、恪尽职守，为公司的规范运 作和健康发展做出了积极贡献。公司董事会对马永菡女士、郭人荣先生任职期间 作出的贡献表示诚挚的敬意和衷心的感谢！ 特此公告。 四川成渝高速公路股份有限公司董事会 四川成渝高速公路股份有限公司 关于董事及财务总监辞任的公告 本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法律责任。 四川成渝高速公路股份有限公司（"本公司""公司"）于近日接到公司执行 董事马永菡女士、财务总监郭人荣先生的书面辞职申请。 因工作调动原因，马永菡女士申请辞去其所担任的公司第八届董事会执行董 事职务，郭人荣先生申请辞去其所担任的财务总监职务。马永菡女士、郭人荣先 生的辞任函已送达公司董事会并生效，马永菡女士、郭人荣先生在辞任后将不再 担任公司任何职务。马永菡女士、郭人荣先生确认，其与董事会并无意见分歧 ...

四川成渝公告称，近日接到执行董事马永菡、财务总监郭人荣书面辞职申请。因工作调动，马永菡辞去 第八届董事会执行董事职务，郭人荣辞去财务总监职务，辞任函已生效，二人辞任后不再担任公司任何 职务。其与董事会无意见分歧，马永菡辞任未使董事会成员低于法定人数，不影响董事会运作。公司将 按程序尽快补选董事及财务总监。 ...

Investment Rating - The report assigns an "Accumulate-A/Accumulate-H" rating to the company, with a current price of 6.26 CNY and a reasonable value of 6.43 CNY for A shares, and 5.38 HKD with a reasonable value of 5.75 HKD for H shares [4]. Core Views - The company is the only highway platform under Shudao Group, focusing on both expansion and optimization of existing assets. It is backed by the Sichuan Provincial State-owned Assets Supervision and Administration Commission [9]. - The company has a strong cash flow and has increased its dividend payout ratio to 60%, highlighting its asset dividend characteristics [9]. - The strategic location of the company's assets supports steady growth in toll revenue, with an expected toll income of 4.777 billion CNY in 2024, showing a strong CAGR over the past three years [9]. - The company is positioned to benefit from the Sichuan Province's transportation planning, which is among the fastest in the country, and the integration of the Chengdu-Chongqing economic circle [9]. - The company aims to optimize existing assets while expanding its portfolio through upgrades, asset integration, and acquisitions, which are expected to enhance performance and shareholder returns in the medium to long term [9]. Financial Forecast - The company’s revenue is projected to decline from 11.652 billion CNY in 2023 to 9.812 billion CNY by 2027, with a significant drop in 2024 due to the end of construction-related income [2]. - EBITDA is expected to increase from 3.577 billion CNY in 2023 to 4.475 billion CNY in 2027, indicating a positive trend in operational efficiency [2]. - Net profit attributable to shareholders is forecasted to grow from 1.187 billion CNY in 2023 to 1.784 billion CNY in 2027, reflecting a strong growth trajectory [2]. - The company’s earnings per share (EPS) is expected to rise from 0.39 CNY in 2023 to 0.58 CNY in 2027, with a price-to-earnings (P/E) ratio projected to remain stable around 10.7 to 11.9 [2]. Company Overview - The company operates a total of approximately 900 kilometers of highways, with 858 kilometers being toll roads, and has a competitive average remaining toll collection period of 12.38 years [22][27]. - The company’s core assets include major highways such as Chengyu, Chengya, Chengle, and Chengren, which are critical for connecting economically developed and tourist areas in Sichuan [9][23]. - The company has shown a robust performance in toll revenue, with a CAGR of 11.01% from 2021 to 2024, reaching a peak of 4.777 billion CNY in 2024 [29].

Market Performance - The railway and highway sector increased by 0.24% compared to the previous trading day, with Sichuan Chengyu leading the gains [1] - The Shanghai Composite Index closed at 4151.24, up 0.27%, while the Shenzhen Component Index closed at 14342.9, up 0.09% [1] Stock Performance - Sichuan Chengyu (601107) closed at 6.26, up 3.81% with a trading volume of 271,500 shares and a transaction value of 26.97 million [1] - Jilin Expressway (601518) closed at 2.92, up 2.10% with a trading volume of 195,800 shares and a transaction value of 56.81 million [1] - Western Entrepreneurship (000557) closed at 5.10, up 2.00% with a trading volume of 194,100 shares and a transaction value of 98.11 million [1] - Other notable stocks include Shanxi Expressway (000755) at 5.38, up 1.89%, and Iron Dragon Logistics (600125) at 6.58, up 1.39% [1] Capital Flow - The railway and highway sector saw a net inflow of 309 million in main funds, while retail investors experienced a net outflow of 232 million [2] - The main funds' net inflow for Beijing-Shanghai High-Speed Railway (601816) was 2.35 million, while it faced a net outflow of 83.12 million from speculative funds [3] - Other stocks like Guangzhou-Shenzhen Railway (601333) had a main fund net inflow of 1.89 million, but a net outflow of 1.14 million from retail investors [3]

Core Viewpoint - The company, Sichuan Chengyu, is focusing on its core business of highway construction and operation while gradually expanding into green energy and related sectors to cultivate new growth points [1] Group 1: Business Focus - The company emphasizes its commitment to its main responsibility in highway construction and operation [1] - Future development plans will consistently focus on the core business while ensuring coordinated development with extended industries [1] Group 2: Value Creation - The company aims to create long-term and stable value for all shareholders through its strategic focus [1]

（编辑 任世碧） 证券日报网讯 1月23日，四川成渝在互动平台回答投资者提问时表示，公司是蜀道投资集团有限责任公 司旗下唯一的高速公路板块上市平台。公司将努力做优做强主业基础，力争为投资者创造长期、稳定的 价值回报。 ...

证券日报网讯1月12日，四川成渝（601107）发布公告称，公司将于2026年1月30日召开2026年第一次临 时股东会。 ...

四川成渝高速公路股份有限公司 SICHUAN EXPRESSWAY COMPANY LIMITED 2026 年第一次临时股东会 会议资料 现场会议召开时间：2026 年 1 月 30 日（星期五）15:00 网络投票时间：自 2026 年 1 月 30 日 至 2026 年 1 月 30 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投 票 时 间 为 股 东 会 召 开 当 日 的 交 易 时 间 段 ， 即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票平台的投 票时间为股东会召开当日的 9:15-15:00。 会议地点：四川省成都市武侯祠大街 252 号 四川成渝高速公路股份有限公司四楼 420 会议室 会议资料目录 | | 页码 | | --- | --- | | 一、会议须知 | 1-2 | | 二、会议议程 | 3-4 | | 三、投票表格填写说明 | 5-6 | | 四、会议议案 | 7-24 | 议案一：关于本公司全资子公司收购荆宜公司 85%股权暨关联交易的议案； 四川成渝高速公路股份有限公司 2026 年第一次临时股东会会议须知 为维护四川成 ...