智通财经APP讯，越秀交通基建(01052)发布公告，于2025年10月，广州北二环高速路费收入为7676.2万 元，同比减少6.3%，环比减少13.9%。 2025年前10个月广州北二环高速路费收入累计约8.63亿元，同比减少1.9%。 ...

越秀交通基建(01052)发布公告，于2025年10月，广州北二环高速路费收入为7676.2万元，同比减少 6.3%，环比减少13.9%。 2025年前10个月广州北二环高速路费收入累计约8.63亿元，同比减少1.9%。 ...

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 份 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。 （在 百 慕 達 註 冊 成 立 之 有 限 公 司） （股 份 代 號：01052） 2025年11月未經審計營運資料 本集團2025年11月 未 經 審 計 的 營 運 資 料 如 下： | | | | 日均收費車流量（輛 次） | | | | | 路 費 收 入（人 民 幣，千 元） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 當月環比 | 當月同比 | 2025年 | 累計同比 | | 當月環比 | 當月同比 | 2025年 | 累計同比 | | 項 目 | 當 月 | 變 動 | 變 動 | 累 計 | 變動 | 當月 | 變 動 | 變 動 | 累 計 | 變 ...

（在 百 慕 達 註 冊 成 立 之 有 限 公 司） （股 份 代 號：01052） 2025年10月未經審計營運資料 本集團2025年10月 未 經 審 計 的 營 運 資 料 如 下： | | | | 日均收費車流量（輛 次） | | | | | 路 費 收 入（人 民 幣，千 元） | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | | 當月環比 | 當月同比 | 2025年 | 累計同比 | | 當月環比 | 當月同比 | 2025年 | 累計同比 | | 項 目 | 當 月 | 變 動 | 變 動 | 累 計 | 變動 | 當月 | 變 動 | 變 動 | 累 計 | 變 動 | | 附屬公司項目 | | | | | | | | | | | | 廣州北二環高速 | 248,905 | –20.9% | –5.5% | 298,154 | –0.2% | 76,762 | –13.9% | –6.3% | 863,093 | –1.9% | | 廣西蒼郁高速 | 15,280 | –1.6% | ...

Group 1 - As of December 24, 49 stocks reached a 52-week high, with Shin-Etsu Holdings (06038), Gaoke Bridge (09963), and Easy Health (02661) leading the increase rates at 39.13%, 23.71%, and 16.39% respectively [1] - The closing prices and peak prices for the top three stocks are as follows: Shin-Etsu Holdings at 0.425 with a peak of 0.480, Gaoke Bridge at 1.040 with a peak of 1.200, and Easy Health at 66.800 with a peak of 69.600 [1] - Other notable stocks that reached new highs include Yijun Group Holdings (02442) at 14.060 (14.31% increase) and Jingxi International (02339) at 3.880 (13.78% increase) [1] Group 2 - The report also highlights 52-week lows, with Guanglian Technology Holdings (02531) experiencing the largest decline at -17.57%, closing at 4.760 with a low of 3.660 [2] - Other stocks that reached new lows include Caixing Toys (00869) at -8.51% and China Aoyuan (03883) at -8.00% [2] - The closing prices for the stocks at new lows include Guanglian Technology Holdings at 4.760, Caixing Toys at 0.435, and China Aoyuan at 0.076 [2]

Core Viewpoint - Yuexiu Transportation Infrastructure (01052) has successfully issued a short-term financing bond of RMB 600 million with a coupon rate of 1.69% to refinance existing loans, reflecting the company's ongoing financial management strategy [1] Group 1: Stock Performance - As of December 22, 2025, the stock closed at HKD 4.62, up 0.65% from the previous trading day [1] - The stock opened at HKD 4.62, reached a high of HKD 4.63, and a low of HKD 4.55, with a trading volume of HKD 4.2542 million [1] - Over the past 52 weeks, the stock has seen a high of HKD 4.73 and a low of HKD 3.07 [1] Group 2: Financing Details - The company issued the financing bond on December 18, 2025, as part of a previously approved RMB 15 billion debt financing tool registration [1] - The bond has a maturity of 180 days and is intended for repaying existing loans of the company's subsidiaries [1] - The company has received a "AAA" credit rating from China Chengxin International Credit Rating Co., Ltd [1] Group 3: Business Context - The board of directors views this bond issuance as part of the company's routine business operations and aims to inform investors about the company's business development [1]

Group 1 - The core viewpoint of the article is that the acquisition of Qinbin Expressway by Yuexiu Transportation Infrastructure is a strategic move to enhance the company's asset portfolio and improve its sustainable development [1] - The company announced the acquisition of 85% equity in Qinbin Expressway for a transaction price of 1.15 billion yuan, which results in a static price-to-earnings ratio of 5 times for the target company [1] - The projected price-to-earnings ratios for the target company are 12.6 times and 11.4 times for 2025 and 2026, respectively, indicating potential growth in profitability [1] Group 2 - The internal rate of return for the acquisition is reported at 10.43%, which is higher than the 9.2% return for the Pinglin Expressway, reflecting a strong project return [1] - Following the acquisition, the weighted average remaining lifespan of the company's controlled expressways will extend by 0.8 years, enhancing the overall asset quality [1] - The company maintains its net profit forecasts at 739 million yuan and 770 million yuan for 2025 and 2026, respectively, while keeping a "outperforming the industry" rating [1] Group 3 - The article suggests that the valuation of the acquired expressway segment is reasonable and that the acquisition of high-profitability assets will benefit the company's long-term growth [1] - The target price for the company's stock is adjusted to 5.13 HKD, reflecting an 18.2% increase, with a corresponding dividend yield of 5.5% for 2025 [1] - The market is expected to provide a certain valuation premium due to the recent increase in market risk appetite [1]

Group 1 - The core viewpoint of the report is that due to the pending acquisition of Qinbin Expressway, the company maintains its net profit forecasts for 2025 and 2026 at 739 million and 770 million yuan respectively, with current stock prices corresponding to P/E ratios of 9.5 and 9.0 for those years [1] - The target price for 2025 is set at 5.13 HKD, reflecting a dividend yield of 5.5%, with an 18.2% increase in target price, indicating a potential upside of 12.2% from current stock prices [1] Group 2 - The company announced the acquisition of 85% equity in Qinbin Expressway for a transaction price of 1.15 billion yuan [2] - The valuation of the acquired segment is considered reasonable, with a static P/E of 5.0x, and projected P/E ratios of 12.6x and 11.4x for 2025 and 2026 respectively, indicating strong internal return rates [3] - The acquisition is expected to extend the average remaining operational life of the company's toll roads by 0.8 years, contributing positively to sustainable development [3] Group 3 - The acquired segment is projected to generate 750 million yuan in revenue for 2024, accounting for 19.5% of the company's total revenue, with significant contributions to net profit in the first eight months of 2025 [4] - The expected toll revenue for the acquired segment in 2026 is forecasted to decline by 33.2% due to maintenance and construction activities, but net profit is anticipated to increase by 10.5% [5] - From 2026 to 2028, the CAGR for revenue, EBIT, and net profit of the acquired company is expected to reach 7.3%, 11.9%, and 25.5% respectively, benefiting from reduced debt and financial costs [5]

中金发布研报称，因越秀交通基建(01052)收购尚未落地，维持2025/26年净利润分别为7.39/7.70亿元。 当前股价对应2025/2026年9.5/9.0倍P/E。维持跑赢行业评级，考虑到近期市场风险偏好上行，市场应给 予一定的估值溢价(也就是可以交易到比行业更低的股息率)，以5.5%这一股息率水平对应其2025年目标 价为5.13港元，对应2026年5.8%的股息率。该行上调目标价18.2%，对应2025/26年P/E分别为10.6和10.1 倍，较当前股价有12.2%的上行空间。 该行以收购对价测算，标的公司静态P/E为5.0x;标的公司2025/26年预测P/E分别为12.6x和11.4x。公司公 告其内部回报率为10.43%(v.s.平临高速9.2%)，项目回报率较高。合并后，公司控股高速里程加权平均 剩余年限将延长0.8年。该行认为标的路段估值不贵，本次收购盈利能力较强的资产有利于公司可持续 发展。 收购补充资产组合，减轻现有路产压力 标的路段2024年实现收入7.5亿元，占公司2024年总收入的19.5%。标的路段2025年1-8月实现收入5.5亿 元，净利润2.7亿元，分别占到2024年 ...

| 要植序鼓 | 大股票/董事/霞嘉行政人員名稱 作出按露的 廣入 / 齊出或涉及的股 每股的平均價 | | 持有權益的股份數目 佔已發行的 角關事件的日期 相關法國股份 價權證據益 | | --- | --- | --- | --- | | | 原因 ◎ 7日 | | ( 時多関上述* 註解 ) 淘投票權股 (日 / 月 / 年) 權益 | | | | | 倒圍分比 | | | | | ( % ) | | CS20251218E00445 | 招商局公路网络科技控股股份 1101(L) | 1,886,000(L) | HKD 4.6110 250,975,000(L) 15.00(L)18/12/2025 G # # # | | | 有限公司 | | | 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250,975,000股，持股比例由14.89%上 升至15.00%。 | 股份代號: | 01052 | | --- | --- | | 上市法國名稱: | 越秀交通基建有限公司 | | 日期(日/月/年): | 22/11/2025 - 22/12/2025 | 格隆汇12月22日丨根据联交所最 ...