安徽皖通高速公路公告，公司近期收到中国银行间市场交易商协会发出的接受注册通知书，确认接受公 司发行中期票据、超短期融资券及短期融资券的注册申请。其中，中期票据注册金额为人民币15亿元和 25亿元，超短期融资券注册金额为人民币8亿元，短期融资券注册金额为人民币2亿元。注册额度自通知 书落款之日起两年内有效，公司可在有效期内分期发行相应债务融资工具。 ...

3.超短期融资券接受注册通知书(中市协注[2025]SCP338号)：超短期融资券注册金额为人民币8亿元。注 册额度自通知书落款之日起两年内有效。 4.短期融资券接受注册通知书(中市协注[2025]CP117号)：短期融资券注册金额为人民币2亿元。注册额 度自通知书落款之日起两年内有效。 1.中期票据接受注册通知书(中市协注[2025]MTN1098号)：中期票据注册金额为人民币15亿元。注册额 度自通知书落款之日起两年内有效。 2.中期票据接受注册通知书(中市协注[2025]MTN1099号)：中期票据注册金额为人民币25亿元。注册额 度自通知书落款之日起两年内有效。 安徽皖通高速（600012）公路(00995)发布公告，公司于近期收到中国银行间市场交易商协会发出的接 受注册通知书，确认接受公司发行中期票据、超短期融资券及短期融资券(债务融资工具)的注册申请。 ...

智通财经APP讯，安徽皖通高速公路(00995)发布公告，公司于近期收到中国银行间市场交易商协会发出 的接受注册通知书，确认接受公司发行中期票据、超短期融资券及短期融资券(债务融资工具)的注册申 请。 1.中期票据接受注册通知书(中市协注[2025]MTN1098号)：中期票据注册金额为人民币15亿元。注册额 度自通知书落款之日起两年内有效。 2.中期票据接受注册通知书(中市协注[2025]MTN1099号)：中期票据注册金额为人民币25亿元。注册额 度自通知书落款之日起两年内有效。 3.超短期融资券接受注册通知书(中市协注[2025]SCP338号)：超短期融资券注册金额为人民币8亿元。注 册额度自通知书落款之日起两年内有效。 4.短期融资券接受注册通知书(中市协注[2025]CP117号)：短期融资券注册金额为人民币2亿元。注册额 度自通知书落款之日起两年内有效。 ...

安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） （股份編號： 995） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10(B)條而作出。 茲載列安徽皖通高速公路股份有限公司（「本公司」）在中國大陸報章刊登及上海證 券交易所網站發佈的公告如下，僅供參閱。 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之內容概不負責，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 等內容而引致之任何損失承擔任何責任。 安徽皖通高速公路股份有限公司 关于收到中国银行间市场交易商协会 《接受注册通知书》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个别及连带责任。 關於收到中國銀行間市場交易商協會《接受註冊通知書》的公告 承董事會命 安徽皖通高速公路股份有限公司 公司秘書 簡雪艮 2025年11月17日 中國安徽省合肥市 截止本公告日，本公司董事會成員包括執行董事汪小文（主席） ...

安徽皖通高速公路股份有限公司 ANHUI EXPRESSWAY COMPANY LIMITED （於中華人民共和國註冊成立的股份有限公司） 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 就因本公告全部或任何部分內容而產生或因依賴該等內容而引致的任 何 損 失 承 擔 任 何 責 任。 （股份編號： 995） 自願公告 獲中國銀行間市場交易商協會接受註冊 非金融企業債務融資工具 本 公 告 由 安 徽 皖 通 高 速 公 路 股 份 有 限 公 司（以 下 簡 稱「本公司」）自 願 作 出。 茲提述本公司日期為2025年8月28日的公告及本公司日期為2025年9月5 日的通函。本公司 於 近 期 收 到 中 國 銀 行 間 市 場 交 易 商 協 會（「交易商協會」） 發 出 的 接 受 註 冊 通 知 書（「通知書」），確 認 接 受 本 公 司 發 行 中 期 票 據、超 短 期 融 資 券 及 短 期 融 資 券（「債務融資工具」）的 註 冊 申 請。 通 知 書 的 詳 情 ...

| 证券代码：600012 | 证券简称：皖通高速 | 公告编号：临2025-052 | | --- | --- | --- | | 债券代码：242121 | 债券简称：24皖通01 | | | 债券代码：242467 | 债券简称：25皖通V1 | | | 债券代码：242468 | 债券简称：25皖通V2 | | 安徽皖通高速公路股份有限公司 关于收到中国银行间市场交易商协会 《接受注册通知书》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个别及连带责任。 安徽皖通高速公路股份有限公司（以下简称"公司"）拟向中国银行间市 场交易商协会（以下简称"交易商协会"）申请注册发行不超过人民币50亿元 的非金融企业债务融资工具（以下简称"债务融资工具"）。该事项已经公司第 十届董事会第十五次会议、第十届监事会第九次会议及 2025年第三次临时股 东大会审议通过。公司于近日收到交易商协会出具的四份《接受注册通知书》， 同意接受公司中期票据、超短期融资券和短期融资券的注册。《接受注册通知 书》主要内容如下： 2、公司在注册有效期内可分期 ...

人民财讯11月17日电，皖通高速（600012）11月17日公告，公司拟向中国银行间市场交易商协会(简 称"交易商协会")申请注册发行不超过人民币50亿元的非金融企业债务融资工具(简称"债务融资工具")。 公司于近日收到交易商协会出具的四份《接受注册通知书》，同意接受公司中期票据、超短期融资券和 短期融资券的注册。 ...

Core Insights - The railway and highway sector experienced a decline of 0.59% on November 17, with Chongqing Road and Bridge leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Sector Performance - Notable gainers in the railway and highway sector included: - Fujian Expressway (600033) with a closing price of 3.95, up 3.13% and a trading volume of 1.0689 million shares, totaling 420 million yuan in transaction value [1] - Fulin Yuantong (002357) closed at 11.10, up 1.46% with a trading volume of 270,200 shares, amounting to 307 million yuan [1] - Hunan Investment (000548) closed at 6.01, up 1.01% with a trading volume of 128,600 shares, totaling 76.9436 million yuan [1] - Major decliners included: - Chongqing Road and Bridge (600106) closed at 6.29, down 2.78% with a trading volume of 284,000 shares [2] - Dongguan Holdings (000828) closed at 11.62, down 2.02% with a trading volume of 90,900 shares [2] - Anhui Expressway (600012) closed at 15.00, down 1.64% with a trading volume of 90,800 shares [2] Capital Flow - The railway and highway sector saw a net outflow of 286 million yuan from major funds, while retail investors contributed a net inflow of 184 million yuan [2]

Macroeconomic Insights - M1 year-on-year decline attributed to weak credit performance from enterprises and households, with social financing growth continuing to decrease[3] - New policy financial tools are expected to support corporate loans, with the Ministry of Finance allocating 500 billion yuan to local governments to stabilize social financing in the last two months of the year[3] - The central bank has shifted focus from loan quantity targets to social financing and monetary indicators, indicating stable financial support for the real economy[3] Monetary Policy Outlook - Continued monetary easing is necessary to improve demand and price expectations, with room for further adjustments in mortgage rates and deposit rates[4] - As of September, the weighted average interest rate for new personal mortgages has only decreased by 3 basis points to 3.06%[4] Industry Developments - Haibo Shichuang and CATL signed a three-year agreement for no less than 200GWh of battery cell procurement, reflecting confidence in high growth for the energy storage sector[9] - Canadian company Artis signed a major contract for a 1.86GWh energy storage project, further solidifying its leading position in the North American market[10] Semiconductor Market Trends - NAND Flash demand is expected to rise significantly, driven by AI applications, with a 50% increase in prices for 512Gb TLC NAND wafers observed recently[20] - NOR Flash demand is also increasing, with manufacturers planning to raise prices by 30% due to heightened demand from AI servers[21] Financial Sector Analysis - As of October 2025, the total net asset value of public funds reached 36.02 trillion yuan, with a 2.26% month-on-month increase[29] - The market saw a net outflow of existing funds, with equity funds experiencing a 2.73% decrease in total shares[29] Consumer Behavior Insights - The CPI structure is changing, with service sector CPI showing a recovery trend while food CPI remains under pressure due to fluctuating pork prices[45] - The beverage and snack sectors are expected to benefit from improving consumer sentiment and demand, with recommendations for companies like Nongfu Spring and Three Squirrels[43]

Investment Rating - The report maintains a rating of "Accumulate" for the company [6][12]. Core Insights - The company is expected to significantly enhance its performance through the acquisition of road assets in Q1 2025 and the completion of the expansion of the Xuan Guang highway in Q3, which will drive accelerated profit growth. The planned acquisition of a stake in Shandong Expressway is anticipated to further boost earnings, with a stable dividend policy in place [3][12]. Financial Summary - **Revenue Forecast**: The total revenue is projected to grow from 6,631 million yuan in 2023 to 8,820 million yuan in 2025, reflecting a growth rate of 27.4% in 2023 and 24.4% in 2025 [5]. - **Net Profit**: The net profit attributable to the parent company is expected to increase from 1,660 million yuan in 2023 to 1,976 million yuan in 2025, with a growth rate of 14.9% in 2023 and 18.4% in 2025 [5]. - **Earnings Per Share (EPS)**: EPS is forecasted to rise from 0.97 yuan in 2023 to 1.16 yuan in 2025 [5]. - **Return on Equity (ROE)**: The ROE is projected to be 13.1% in 2023, decreasing to 11.2% by 2027 [5]. Market Data - **Current Price**: The stock is currently priced at 15.37 yuan, with a market capitalization of 26,261 million yuan [7]. - **52-Week Price Range**: The stock has traded between 12.89 yuan and 18.47 yuan over the past year [7]. - **Dividend Yield**: The company has committed to a dividend payout ratio of no less than 60% of net profit, resulting in a projected dividend yield of 4.7% for 2025 [12]. Strategic Moves - The company completed the acquisition of road assets in Q1 2025, which has significantly enhanced its earnings. The completion of the expansion of the Xuan Guang highway in Q3 is expected to release pent-up traffic demand, further driving profit growth [12]. - The planned acquisition of a 7% stake in Shandong Expressway is expected to add approximately 200 million yuan in annual investment income, enhancing the company's overall performance [12].