2025年10月31日，深高速2025年第三季度业绩说明会在全景网顺利举行。出席本次业绩说明会的人员有 执行董事兼总裁廖湘文、独立董事徐华翔、总会计师兼董事会秘书赵桂萍。 根据全景数据后台统计，在今天的交流过程中，来自全国多个省、市地区的投资者共向上市公司提问16 个，公司嘉宾共回答问题16个，答复率100.00%，充分实现了上市公司与投资者的良好互动。 以下为业绩说明会问答实录： 回答：您好，公司目前没有进军创投业。谢谢您对公司的关注。 回答：公司在收费公路业务方面的发展策略是：1、继续整固提升收费公路业务，全力推进机荷改扩 建、京港澳高速广深段改扩建、外环三期等重大项目的投资建设，积极争取其他优质高速公路项目的投 资机会，持续扩大收费公路资产规模，保持公路主业优势。2、顺应信息技术的发展趋势标，积极推动 收费公路数字化转型，包括既有高速公路BIM建模及数字化管理研发建设，打造一体化路网监测信息系 统平台，提升交通数据的采集、分析和预测能力，推动数字化技术与生产经营深度融合，全面提升道路 建设、运营管理水平和服务能力，提高通行效率，吸引车主通行。3、探索上下游产业链市场化项目， 包括道路综合管养、建设管理服 ...

| FREE PART | 大股東/董事/最高行政人員名稱作出披露的 買入 / 賣出或涉及的 每股的平均價 | | | 持有權益的股份數目 佔已發行的 有關事件的日期 | | --- | --- | --- | --- | --- | | | 版 分享9 三 | | | 品,是一粒像肥。 有技景權股 (目 / 月 / 年) | | | | | | 份高分市 | | CS20251031E00506 | 招商局公路网络科技控股股份 1101(L) | 228,000(L | HKD 7.1950 | 142.052.000(L) 19.00(L) 31/10/2025 | | | 有限公司 | | | | 格隆汇11月4日丨根据联交所最新权益披露资料显示，2025年10月31日，深圳高速公路股份(00548.HK)获招商局公路网络科技控股股份有限公司在场内以每 股均价7.195港元增持22.8万股，涉资约164.05万港元。 增持后，招商局公路网络科技控股股份有限公司最新持股数目为142,052,000股，持股比例由18.97%上升至19.00%。 ...

智通财经APP获悉，香港联交所最新数据显示，10月31日，招商局公路网络科技控股股份有限公司增持 深圳高速公路股份(00548)22.8万股，每股作价7.195港元，总金额约为164.05万港元。增持后最新持股数 目约为1.42亿股，持股比例为19%。 （原标题：招商局公路网络科技控股股份有限公司增持深圳高速公路股份(00548)22.8万股 每股作价约 7.2港元） ...

香港联交所最新数据显示，10月31日，招商局公路网络科技控股股份有限公司增持深圳高速公路股份 (00548)22.8万股，每股作价7.195港元，总金额约为164.05万港元。增持后最新持股数目约为1.42亿股， 持股比例为19%。 ...

FF301 股份發行人及根據《上市規則》第十九B章上市的香港預託證券發行人的證券變動月報表 I. 法定/註冊股本變動 | 1. 股份分類 | 普通股 | 股份類別 | H | | 於香港聯交所上市 (註1) | | 是 | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 證券代號 (如上市) | 00548 | 說明 | | | | | | | | | | 法定/註冊股份數目 | | | 面值 | | 法定/註冊股本 | | | 上月底結存 | | | 747,500,000 | RMB | | 1 RMB | | 747,500,000 | | 增加 / 減少 (-) | | | | | | RMB | | | | 本月底結存 | | | 747,500,000 | RMB | | 1 RMB | | 747,500,000 | | 2. 股份分類 | 普通股 | 股份類別 | A | | 於香港聯交所上市 (註1) | | 否 | | | --- | --- | --- | --- | --- | --- | --- | --- | ...

Core Insights - The article highlights the net inflow and outflow of funds for various companies in the Hong Kong stock market, indicating significant movements in investor sentiment and market dynamics [1][2][3] Net Inflow Summary - The top three companies with the highest net inflow of funds are Huahong Semiconductor (华虹半导体) with 388 million, Pop Mart (泡泡玛特) with 320 million, and Qingdao Beer (青岛啤酒股份) with 305 million [1][2] - The net inflow percentages for these companies are 8.15%, 7.92%, and 58.54% respectively, indicating strong investor interest, particularly in Qingdao Beer [2][3] Net Outflow Summary - The companies with the highest net outflow of funds include Alibaba-W (阿里巴巴-W) with -523 million, Southern Hang Seng Technology (南方恒生科技) with -429 million, and Tencent Holdings (腾讯控股) with -355 million [1][2] - The net outflow percentages for these companies are -3.89%, -4.86%, and -3.36% respectively, reflecting a negative sentiment among investors towards these stocks [2][3] Net Inflow Ratio Summary - The companies with the highest net inflow ratios are Shenzhen Expressway (深圳高速公路股份) at 68.48%, Anhui Wanshan Expressway (安徽皖通高速公路) at 64.22%, and Legend Holdings (联想控股) at 59.98% [1][3] - These ratios suggest a strong demand for shares in these companies relative to their trading volume [3] Net Outflow Ratio Summary - The companies with the highest net outflow ratios are Huadian International Power (华电国际电力股份) at -62.31%, CIMC Enric (中集安瑞科) at -54.98%, and Connoisseur-B (康诺亚-B) at -52.78% [1][3] - These figures indicate significant selling pressure and a lack of confidence among investors in these stocks [3]

Core Viewpoint - The company, Shenzhen Expressway Development Co., Ltd. (深高速), has shown solid performance in the toll road and environmental sectors, with significant revenue growth and a stable outlook for future earnings despite challenges in profitability metrics compared to industry averages [2][3][6][7]. Group 1: Company Overview - Shenzhen Expressway was established on December 30, 1996, and listed on the Shanghai Stock Exchange on December 25, 2001, with its registered office in Shenzhen, Guangdong Province [1]. - The company primarily engages in the investment, construction, and operation of toll roads, holding a strong position in the South China region with quality road assets and a robust environmental business layout [1]. Group 2: Financial Performance - For Q3 2025, Shenzhen Expressway reported revenue of 60.5 billion yuan, ranking 5th among 20 companies in the industry, with the top competitor, Shandong Expressway, generating 168.41 billion yuan [2]. - The net profit for the same period was 15.97 billion yuan, placing the company 6th in the industry, with the leading company, China Merchants Highway, achieving 44.23 billion yuan [2]. Group 3: Profitability and Debt Metrics - As of Q3 2025, the company's debt-to-asset ratio stood at 54.14%, down from 58.40% year-on-year, but still above the industry average of 41.31% [3]. - The gross profit margin for Q3 2025 was 36.59%, a decrease from 39.04% year-on-year, and below the industry average of 46.20% [3]. Group 4: Shareholder Information - As of June 30, 2025, the number of A-share shareholders increased by 13.01% to 19,600, while the average number of shares held per shareholder decreased by 11.51% to 73,200 [5]. - By September 30, 2025, Huatai-PineBridge SSE Dividend ETF became the eighth largest shareholder, increasing its holdings by 1.93 million shares [5]. Group 5: Business Highlights and Future Outlook - In H1 2025, the company experienced a 24% year-on-year increase in profits, driven by a 4.3% rise in toll revenue, attributed to the opening of the Shenzhen-Zhongshan Corridor and the Jiangsu Phase II project [6][7]. - The environmental business segment, particularly the kitchen waste treatment operations, generated 3.9 billion yuan in revenue, reflecting a 26.2% increase, bolstered by the commencement of the Guangming Environmental Park project [6][7]. - Future revenue projections for 2025 to 2027 are estimated at 96.10 billion yuan, 100.65 billion yuan, and 104.89 billion yuan, respectively, with net profits expected to be 17.61 billion yuan, 18.48 billion yuan, and 18.79 billion yuan [6].

Group 1 - The company Shenzhen Expressway Company Limited (00548) announced toll revenue figures for various projects as of September 2025 [1] - The toll revenue for Meiguan Expressway is RMB 12.025 million [1] - The toll revenue for Jihuo East Section is RMB 57.904 million [1] - The toll revenue for Jihuo West Section is RMB 47.634 million [1] - The toll revenue for Yangjiang Project is RMB 69.047 million [1] - The toll revenue for Outer Ring Project is RMB 106 million [1]

智通财经APP讯，深圳高速公路股份(00548)发布公告，于2025年9月，梅观高速、机荷东段、机荷西 段、沿江项目及外环项目路费收入分别为人民币1202.5万元、5790.4万元、4763.4万元、6904.7万元及 1.06亿元。 ...

Core Viewpoint - Shenzhen Expressway Company reported a revenue of 6.05 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 3.24% [1] - The net profit attributable to shareholders reached 1.47 billion yuan, marking a year-on-year increase of 7.01% [1] - Basic earnings per share stood at 0.575 yuan [1] Financial Performance - Revenue for the first three quarters: 6.05 billion yuan, up 3.24% year-on-year [1] - Net profit attributable to shareholders: 1.47 billion yuan, up 7.01% year-on-year [1] - Basic earnings per share: 0.575 yuan [1]