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 會就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。 （股份代號：0576） （ 於 中 華 人 民 共 和 國 註 冊 成 立 的 股 份 有 限 公 司 ） 主要交易及關連交易的最新情況 有關增資事項及視作出售上三公司股權 謹 此 提 述 浙 江 滬 杭 甬 高 速 公 路 股 份 有 限 公 司（「本公司」）日 期 為 二 零 二 二 年 六 月 十 五 日、二 零 二 二 年 十 一 月 三 十 日 及 二 零 二 四 年 十 二 月 二 十 七 日 之 公 告 及 本 公 司 日 期 為 二 零 二 二 年 九 月 二 十 一 日 之 通 函（「該通函」）， 內容有關增資事項及視作出售上三公司股權的可能進行的主要交易及 關 連 交 易。除 文 義 另 有 界 定 者 外，本 公 告 所 採 用 之 詞 彙 與 該 通 函 所 界 定 者 具 有 相 同 涵 義。 本 公 司 已 ...

Group 1 - The core viewpoint of the news is that Zhejiang Huhangyou achieved slightly better-than-expected performance in its 2025 mid-year report, with revenue and net profit showing modest growth [1] - In the first half of 2025, the company reported operating revenue of 8.685 billion yuan, a year-on-year increase of 3.8%, and a net profit attributable to shareholders of 2.787 billion yuan, up 4.01% year-on-year [1] - The highway business revenue remained stable, while the securities business revenue growth slightly exceeded expectations, with toll revenue reaching 5.132 billion yuan, a 0.4% increase year-on-year, and securities business revenue at 3.183 billion yuan, up 13.44% year-on-year [1] Group 2 - The company received a notification from its controlling shareholder, Zhejiang Provincial Transportation Investment Group, regarding a major asset restructuring plan aimed at establishing an A+H share listing platform to enhance long-term development [2] - The restructuring involves the company issuing A-shares to all shareholders of Zhejiang Zhanyang Development through a share swap to absorb and merge with Zhanyang Development [2] - The company maintains a "buy" rating based on its 2025 mid-year report, with profit forecasts for 2025-2027 expecting net profits of 5.671 billion, 5.887 billion, and 6.149 billion yuan, representing year-on-year growth of 3.08%, 3.81%, and 4.45% respectively, with a corresponding PE ratio of 7x for each year [2]

浙江沪杭甬(00576)发布公告，于2025年8月26日，根据转换公司于2021年1月21日公告所定义的债券(股 份代号：40526)其中的本金280万欧元，而配发及发行456.17万股新股份。 ...

智通财经APP讯，浙江沪杭甬(00576)发布公告，于2025年8月26日，根据转换公司于2021年1月21日公告 所定义的债券(股份代号：40526)其中的本金280万欧元，而配发及发行456.17万股新股份。 ...

Group 1 - Zhejiang Huhangyong (00576.HK) announced that on August 26, 2025, it will convert a bond defined in its announcement on January 21, 2021, involving a principal amount of €2.8 million [1] - The company will issue and allocate 4.5617 million new shares as part of this conversion [1]

翌日披露報表 (股份發行人 ── 已發行股份或庫存股份變動、股份購回及/或在場内出售庫存股份) 表格類別： 股票 狀態： 新提交 FF305 第 1 頁 共 5 頁 v 1.3.0 FF305 公司名稱： 浙江滬杭甬高速公路股份有限公司 呈交日期： 2025年8月26日 如上市發行人的已發行股份或庫存股份出現變動而須根據《香港聯合交易所有限公司（「香港聯交所」）證券上市規則》(「《主板上市規則》」)第13.25A條 / 《香港聯合交易所有限公司GEM證券 上市規則》(「《GEM上市規則》」)第17.27A條作出披露，必須填妥第一章節 。 確認 | 第一章節 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | | 1. 股份分類 普通股 | 股份類別 H | | 於香港聯交所上市 | 是 | | | | 證券代號 (如上市) 00576 | 說明 H股 | | | | | | | A. 已發行股份或庫存股份變動 | | | | | | | | | 已發行股份（不包括庫存股份）變動 | | 庫存股份變動 | | | | | 事件 | 已發行股份（不包 ...

Group 1 - The core point of the announcement is that Zhejiang Zhenyang Development Co., Ltd. is planning a significant asset restructuring with Zhejiang Huhangyu Expressway Co., Ltd., which may lead to risks of delisting and changes in bond terms for Zhenyang Convertible Bonds [1][2] - The restructuring involves Zhejiang Huhangyu issuing A-shares to Zhenyang's shareholders in a share swap, aiming to create an A+H listed platform [1][2] - The current credit rating for Zhenyang Development remains at AA- with a stable outlook, reflecting the uncertainty surrounding the restructuring's implementation [2][4] Group 2 - Zhejiang Huhangyu is a core member of Zhejiang Jiaotong, holding 66.98% of its shares, and operates in highway management and securities [1][2] - The announcement indicates that the specific cooperation plan for the restructuring has not yet been disclosed and requires internal decision-making and regulatory approval [1][2] - The financial assessment shows a strong profitability status and a good leverage situation, with the overall credit rating model scoring well in various categories [3][4]

报告期内，集团所辖9条高速公路的通行费收益为51.32亿元，同比增长0.4%，整体车流量同比 增长1.5%。 2025年上半年，公司有序推进甬金高速、乍嘉苏高速改扩建项目；中标甬舟高速复线（二期）项 目；完成沪杭甬高速改扩建工程可行性研究招标并全面启动工可研究；通过合营平台收购桂三高速51% 股权，桂三高速是川渝、云贵地区前往珠三角的主要通道之一，亦是著名的旅游线路，该收购进一步拓 展了区域布局。 中证报中证网讯（王珞）日前，浙江沪杭甬高速公路股份有限公司（以下简称"浙江沪杭甬"或"公 司"）（港交所编号：0576.HK）公布截至2025年6月30日止6个月未经审计合并经营业绩。 报告期内，集团经营业继续保持良好增长态势，收益与2024年同期相比增长3.8%，为86.85亿元 （人民币，下同）；归属于公司拥有人利润为27.87亿元，同比增长4.0%；基本每股盈利为0.4651元， 同比增长4.0%，摊薄每股盈利为0.4651元，同比增长5.6%。 主业聚焦多元提质增效 通行费收益持续增长 绿色低碳加快布局。融合AI大模型升级智慧高速以提升智慧保畅成效，新能源重卡换电站、分布 式光伏发电项目正式运营，新能源建设 ...

Core Viewpoint - Zhejiang Huhangyu achieved a total revenue of 8.685 billion yuan in the first half of 2025, representing a year-on-year growth of 3.80%, with a profit attributable to equity holders of 2.787 billion yuan, up 4.01% year-on-year [1] Group 1: Highway Business Performance - The highway business generated revenue of 10.662 billion yuan in 2024, an increase of 2.28% from 10.424 billion yuan in 2023, accounting for 59.0% of total revenue [3] - The growth in highway toll revenue is attributed to the steady recovery of the Chinese economy and the increasing economic vitality in Zhejiang Province [3] - The company plans to leverage the "Zhijiang Traffic Control" investment platform to promote quality highway project investments and mergers, while also exploring the construction of a new energy vehicle battery swap station network [3] Group 2: Securities Business Performance - The securities business reported revenue of 6.183 billion yuan in 2024, a decline of 2.97% from 6.372 billion yuan in 2023, making up 34.2% of total revenue [4] - The performance of the securities business was impacted by market volatility in the first three quarters, but showed signs of recovery in the fourth quarter [4] - The company anticipates that domestic capital markets will continue to deepen reforms under policy guidance, creating opportunities in emerging industries such as new energy and green finance [4] Group 3: Financial Indicators - Basic earnings per share for the first half of 2025 were 0.47 yuan, with a net asset per share of 7.70 yuan and an annualized return on equity of 12.06% [6] - The company's debt-to-asset ratio decreased from 70.92% in 2023 to 66.07% in 2024, but rose to 67.87% in the first half of 2025 [6] - Cash and cash equivalents increased from 70.079 billion yuan in 2024 to 85.044 billion yuan in the first half of 2025, indicating strong liquidity [6]

上 市 公 司 交通运输 买入（维持） | 投资要点： | | --- | 财务数据及盈利预测 | | 2023 | 2024 | 2025E | 2026E | 2027E | | --- | --- | --- | --- | --- | --- | | 营业收入（百万元） | 16965 | 18065 | 19101 | 20236 | 21372 | | 同比增长率（%） | 13.87% | 6.48% | 5.74% | 5.94% | 5.62% | | 归母净利润（百万元） | 5224 | 5502 | 5671 | 5887 | 6149 | | 同比增长率（%） | -2.89% | 5.32% | 3.08% | 3.81% | 4.45% | | 每股收益（元/股） | 1.13 | 0.92 | 0.94 | 0.98 | 1.02 | | 净资产收益率（%） | 13.13% | 11.95% | 10.67% | 9.73% | 9.02% | | 市盈率 | 6 | 7 | 7 | 7 | 7 | | 市净率 | 1.01 | 0.87 | 0.76 | 0.66 | 0. ...