证券日报网讯 1月9日，中原高速在互动平台回答投资者提问时表示，公司积极响应国家关于优化国有 资本布局的决策部署，2025年已放弃中原信托有限公司等非主业优先认购权。如有重大事项，公司将及 时披露。 （编辑 丛可心） ...

河南嵩山实验室产业研究院有限公司，成立于2023年，位于郑州市，是一家以从事科技推广和应用服务 业为主的企业。企业注册资本100万人民币。通过天眼查大数据分析，河南嵩山实验室产业研究院有限 公司共对外投资了3家企业，参与招投标项目4次，此外企业还拥有行政许可1个。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 财经频道更多独家策划、专家专栏，免费查阅>> 国家知识产权局信息显示，河南交投中原高速郑洛建设有限公司;河南嵩山实验室产业研究院有限公司 申请一项名为"一种联合物理模型和神经网络的电动汽车高速公路补能需求预测系统及方法"的专利，公 开号CN121257819A，申请日期为2025年9月。 专利摘要显示，本发明公开一种联合物理模型和神经网络的电动汽车高速公路补能需求预测系统及方 法，该系统包括：车辆终端，云端服务器，第三方API接口平台，用户行为监测模块、用户驾驶模式设 置模块及用户行为监测模块；云端服务器包括模型训练模块、数据存储模块、物理模型和神经网络联合 预测模型及补能需求判断模块；物理模型和神经网络联合预测模型先通过物理模型计算基础能耗，再利 用神经网 ...

证券日报网讯 12月29日，中原高速（600020）在互动平台回答投资者提问时表示，公司暂未开展境外 业务。 ...

（文章来源：证券日报） 证券日报网讯 12月29日，中原高速在互动平台回答投资者提问时表示，公司尚未获知河南省出台关于 上调高速公路收费标准政策的信息，公司目前收费标准依据《关于调整河南省高速公路车辆通行费计费 方式及收费标准有关事项的通知》（豫交文〔2019〕351号）执行。 ...

证券日报网讯 12月29日，中原高速（600020）在互动平台回答投资者提问时表示，公司严格遵守国家 的相关规定，切实保障员工的生育权益。 ...

锡业股份杨佳炜 水晶光电韩莉 中国中车王健 海油发展肖德斌 富安娜李艳 比亚迪李黔 南网科技赵子艺 齐心集团王占君 中原高速杨亚子 和远气体李吉鹏 奥士康尹云云 中晟高科邱洪涛 东方钽业秦宏武 冰轮环境孙秀欣 陕西能源徐子睿 璞泰来张小全 今世缘王卫东 天齐锂业张文宇 久日新材郝蕾 慈星股份杨雪兰 ...

Market Overview - The railway and highway sector increased by 0.42% on December 19, with Haikou Group leading the gains [1] - The Shanghai Composite Index closed at 3890.45, up 0.36%, while the Shenzhen Component Index closed at 13140.22, up 0.66% [1] Top Performers - Haikou Group (603069) closed at 23.86, up 10.00% with a trading volume of 234,900 shares and a transaction value of 543 million [1] - Hainan Expressway (000886) closed at 6.68, up 6.37% with a trading volume of 834,200 shares [1] - Sanfeng Company (001317) closed at 56.22, up 5.08% with a trading volume of 209,700 shares and a transaction value of 1.151 billion [1] Underperformers - Ninghu Expressway (600377) closed at 12.16, down 1.46% with a trading volume of 151,000 shares and a transaction value of 18.4 million [2] - China Merchants Highway (001965) closed at 9.98, down 1.09% with a trading volume of 158,600 shares [2] - Guangdong Expressway A (000429) closed at 11.86, down 1.08% with a trading volume of 83,700 shares [2] Capital Flow - The railway and highway sector experienced a net outflow of 17.788 million from institutional investors, while retail investors saw a net inflow of 7.817 million [2] - The main stocks with significant capital inflow included Dazhong Transportation (600611) with a net inflow of 58.3566 million [3] - Haikou Group (603069) had a net inflow of 55.5408 million, while Sanfeng Company (001317) saw a net inflow of 52.0940 million [3]

Core Viewpoint - The report from Pacific Securities highlights that Zhongyuan Expressway's core business involves the investment, construction, and management of highways, with a total maintenance mileage of approximately 808 kilometers disclosed in the semi-annual report [1] Financial Performance - In the first three quarters, the core revenue from highway tolls reached 3.43 billion, representing a year-on-year increase of 1.63%, accounting for 72% of total revenue and contributing a gross profit of 1.837 billion [1] - Revenue from construction services accounted for 27.5% of total revenue, with a gross margin of zero due to accounting standards, while the real estate segment saw a significant year-on-year revenue decline of 50% [1] Future Outlook - The company is expected to achieve steady profit growth this year due to the increase in revenue from consolidated statements [1] - The company plans to maintain a dividend payout ratio of no less than 40% annually over the next three years [1] - The Zhenglu Expressway, a key project, is anticipated to be completed and operational by the end of 2026, with a feasibility study indicating its potential profitability [1] Strategic Initiatives - The company aims to enhance its core business while diversifying its operations [1] - It will leverage its subsidiary focused on digital and technological innovation to strengthen technological capabilities and has established a special fund for technology research and development [1] - The company is optimistic about its future development and maintains a "buy" rating [1]

Group 1 - In 2025, the social security fund has invested in six "broken net stocks" with low prices and valuations, such as Wan Neng Power, which has a stock price below its net asset value and a dividend yield exceeding 4.5% [1][6] - The social security fund's investment strategy focuses on traditional industries with solid fundamentals, seeking companies that can provide consistent cash returns to shareholders [3][11] - The fund's average annual investment return has reached 7.36% since its establishment 24 years ago, indicating a long-term investment approach rather than short-term speculation [3][11] Group 2 - The social security fund has shown a preference for the chemical industry, which has recently performed well, with the basic chemical industry index rising by 11.51% since July 2025 [3][4] - The fund's recent investments include companies with unique global technologies, such as Haiyou Development, which has developed a megawatt-level seawater electrolysis hydrogen production device [6] - The fund's holdings in 334 listed companies have shown that 62% of them achieved year-on-year net profit growth in the first half of 2025, highlighting a focus on high-performing stocks [7][11] Group 3 - The social security fund has dynamically adjusted its holdings, with new investments in 14 stocks and increased positions in 12 stocks, while also reducing holdings in eight stocks, indicating a strategy of profit-taking [10][11] - The fund's investment in high-dividend strategies is supported by new policies encouraging companies to increase dividend payouts, making assets with dividend yields over 5% more attractive [7] - The collaboration between institutional investors and prominent retail investors in certain low-priced leading stocks suggests a shared recognition of the companies' value [8]

Investment Rating - The report maintains an "Accumulate" rating for Zhongyuan Expressway (600020) [1][5] Core Views - Zhongyuan Expressway has shown steady profit growth in 2025, with a projected completion of new road assets in the coming year [1][4] - The company reported a total revenue of 4.888 billion RMB for the first three quarters of 2025, representing a year-on-year increase of 3.89%, and a net profit attributable to shareholders of 961 million RMB, up 16.78% year-on-year [3][4] - The company plans to maintain a dividend payout ratio of no less than 40% over the next three years, with a cash dividend of approximately 382 million RMB for 2024, translating to a dividend per share of about 0.17 RMB [3][4] Financial Summary - Total revenue for 2024 is projected at 6.969 billion RMB, with a year-on-year growth of 22.20% [6] - The net profit for 2025 is estimated at 999 million RMB, reflecting a year-on-year increase of 12.62% [6] - The diluted earnings per share (EPS) for 2025 is expected to be 0.44 RMB, with a price-to-earnings (PE) ratio of 9.72 [6][8] - The company's core business, highway toll revenue, accounted for 72% of total revenue, with a gross profit contribution of 1.837 billion RMB [4][6]