| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000828 | 东莞控股 | 12.01 | 5.35% | 24.36万 | | 2.91亿 | | 600377 | 宁沪高速 | 12.92 | 3.19% | 14.23万 | | 1.82亿 | | 002357 | 富临远业 | 10.28 | 2.80% | 28.09万 | | 2.99亿 | | 600012 | 皖通高速 | 13.52 | 2.19% | 8.43万 | | 1.13亿 | | 603069 | 海汽集团 | 22.09 | 1.99% | 10.99万 | | 2.42亿 | | 600650 | 锦江在线 | 16.44 | 1.92% | 8.74万 | | 1.43亿 | | 600020 | 中原高速 | 4.33 | 1.88% | 14.66万 | | 6306.90万 | | 600561 | 江西长远 | 6.78 | 1.80% | 15.19万 | | 1.03亿 | | ...

Core Viewpoint - The traffic congestion situation at the K690 section of the Jingguang Expressway and Zhengzhou Airport Expressway has significantly improved during the holiday season due to proactive measures implemented by the Central Plains Expressway [1][3][4]. Group 1: Traffic Management Innovations - The Central Plains Expressway established a "9+9" road segment grading mechanism to prioritize traffic management on key routes, including the K690 section [3]. - A collaborative effort was made between different divisions of the Central Plains Expressway to enhance traffic flow, including the deployment of 14 patrol and rescue vehicles to create a "20-minute emergency rescue circle" [3]. - The average accident handling time has been reduced from 30 minutes to under 10 minutes for arrival and 5 minutes for resolution, significantly improving traffic efficiency [3]. Group 2: Traffic Flow Statistics - During peak periods, the traffic volume at the intersection of the two expressways can reach 230,000 vehicles per day [2]. - The longest congestion distance at the K690 section has decreased from 11 kilometers last year to less than 2 kilometers this year [3]. Group 3: Recognition and Impact - The K690 traffic management case has been recognized by the Ministry of Transport as a typical case study, making it the only case from Henan to be promoted nationwide, providing a "Central Plains solution" for highway traffic management [4]. - The focus on safety and smooth travel for passengers during peak holiday periods has been emphasized, with a commitment to resource allocation for effective traffic management [5].

航运方面，原油运价高位震荡，集运远洋航线运价下跌。航空方面，首款混动倾转无人 驾驶eVTOL型号申请获西南民航局受理，沙特与亿航智能计划合作推出自动驾驶飞行器和 空中出租车服务。物流与交通新业态方面，我国首个物流企业数字化国家标准正式发 布，"并行港"物流模式运行一周年，货物吞吐量超76万吨。 投资建议： 建议关注设备与制造业工业品出口链条。推荐中远海特、招商轮船、华贸物流，建议关 注东航物流、中国外运。 建议关注雅鲁藏布江下游水电站建设带动的交通运输需求增加主题机会。建议关注四川 成渝、重庆港、富临运业。 中银证券近日发布交通运输行业周报：航运方面，原油运价高位震荡，集运远洋航线运 价下跌。航空方面，首款混动倾转无人驾驶eVTOL型号申请获西南民航局受理，沙特与亿 航智能计划合作推出自动驾驶飞行器和空中出租车服务。物流与交通新业态方面，我国首个 物流企业数字化国家标准正式发布，"并行港"物流模式运行一周年，货物吞吐量超76万吨。 以下为研究报告摘要： 核心观点 ①原油运价高位震荡，集运远洋航线运价下跌。9月25日，上海航运交易所发布的中国 进口原油综合指数（CTFI）报1908.03点，较9月18日下跌3. ...

Investment Rating - The report assigns a "Buy" investment rating for the company, indicating an expected price increase of over 15% relative to the CSI 300 index within the next six months [11]. Core Insights - The company reported a revenue of 3.105 billion yuan for the first half of 2025, representing a year-on-year growth of 13.17%. The net profit attributable to shareholders was 663 million yuan, up 7.68% year-on-year [5]. - The company's highway operation business is stable, with toll revenue increasing by 2.23% year-on-year. The construction service revenue saw a significant increase of 72.63%, contributing to the overall revenue growth [5][6]. - The company is the only publicly listed highway operator in Henan Province, managing a total of 808 kilometers of highways [5]. - The investment income from subsidiaries has been growing, with a reported investment income of 331 million yuan in 2024, a 158.80% increase year-on-year [7]. - The company has optimized its debt structure, resulting in a reduction of financial expenses by 18.75% to 373 million yuan in the first half of 2025 [9]. Summary by Sections Financial Performance - For the first half of 2025, the company achieved a basic earnings per share of 0.27 yuan, a year-on-year increase of 9.15%. The weighted average return on equity was 5.16%, up 0.2 percentage points from the same period in 2024 [5]. - The operating cash flow for the first half of 2025 was 1.146 billion yuan, a significant increase of 30.51% year-on-year [8]. Business Operations - The company is expected to benefit from the growth of the highway network in Henan Province, with the total operational mileage projected to exceed 10,000 kilometers by 2025 [6]. - The company has diversified its business operations, with significant contributions from construction services and real estate sales [5]. Future Projections - The company is projected to achieve net profits of 937 million yuan, 1.009 billion yuan, and 1.116 billion yuan for the years 2025, 2026, and 2027, respectively, with corresponding earnings per share of 0.42, 0.45, and 0.50 yuan [11].

Group 1 - Dematech won a 900 million yuan overseas smart logistics project from a well-known e-commerce giant in Latin America, focusing on intelligent logistics cross-belt sorting systems and related services [1] - Kang En Bei received approval for the registration of short-term financing bonds and medium-term notes, with a total registration amount of 1 billion yuan, valid for two years [1][2] - Zhi Xiang Jin Tai's GR1803 injection for systemic lupus erythematosus clinical trial has been approved by the National Medical Products Administration [2] Group 2 - Jin Da Wei's subsidiary received approval for a veterinary drug product, pyridone, valid from September 3, 2025, to September 2, 2030 [4] - Fu Li Wang's subsidiary plans to invest 500 million yuan in a high-end wire material project, focusing on high-strength prestressed steel strands for various applications [5] - He Li Biological's subsidiary's Class III medical device registration application has been accepted, focusing on natural bone repair materials [12] Group 3 - Lin Yang Energy won a 244 million yuan metering equipment project from Southern Power Grid, expected to positively impact its 2025 and 2026 performance [20] - Sanxia Water plans to absorb its wholly-owned subsidiary, Chongqing Changdian United Energy, with all assets and liabilities to be inherited by Sanxia Water [13] - Tian Cheng Technology canceled the use of 91 million yuan of raised funds for permanent working capital, ensuring no impact on the normal operation of investment projects [24] Group 4 - Baosteel received approval to publicly issue bonds totaling 20 billion yuan to professional investors, valid for 24 months [52] - Tian Kang Biological reported a 10.15% year-on-year increase in pig sales in August, with a total of 263,800 pigs sold [53] - Xinjiang Construction won multiple major projects totaling 4.506 billion yuan, including a 2.4 billion yuan photovoltaic hydrogen synthesis project [18]

Group 1 - The company's toll revenue for August 2025 was reported at 443,589,629.13 yuan, with data sourced from the Henan Provincial Highway Network Monitoring and Charging Communication Service Company [1] - The toll revenue reported does not include value-added tax due to the implementation of the "tax reform" policy [1] - The data provided is preliminary and should be used cautiously by investors [1] Group 2 - The third extraordinary general meeting of shareholders was held on September 9, 2025, with no resolutions being rejected [3][4] - The meeting was convened by the board of directors and chaired by the chairman Liu Jing, following legal and procedural requirements [4][5] - Two key resolutions were passed: one regarding the amendment of the company's articles of association and the other concerning the revision of certain governance systems [5]

Core Viewpoint - Zhongyuan Expressway announced that its toll revenue for August 2025 is projected to be 443,589,629.13 yuan [2] Group 1 - The company reported a specific revenue figure for a future date, indicating its financial expectations [2]

Core Viewpoint - Zhongyuan Expressway announced the convening of its third extraordinary general meeting of shareholders for 2025 on September 9, 2025, to review and approve the proposal to amend certain governance systems of the company [2] Group 1 - The extraordinary general meeting will take place on September 9, 2025 [2] - The agenda includes the review and approval of amendments to the company's governance systems [2]

河南中原高速公路股份有限公司 董事会议事规则 第一章 总则 第一条 为了进一步规范河南中原高速公路股份有限公司（以下简称"公 司"）董事会的议事方式和决策程序，促使董事和董事会有效地履行其职责，提 高董事会规范运作和科学决策水平，根据《中华人民共和国公司法》《中华人民 共和国证券法》《上市公司治理准则》《上海证券交易所股票上市规则》《上市 公司独立董事管理办法》《上海证券交易所上市公司自律监管指引第 1 号——规 范运作》和《河南中原高速公路股份有限公司章程》（以下简称"《公司章程》"） 等有关规定，制订本规则。 第二条 董事会根据《公司章程》和其他有关规定，设立战略投资与 ESG、 审计、薪酬与考核、科技创新等专门委员会，专门委员会对董事会负责。 第三条 董事会下设董事会秘书处，处理董事会日常事务。董事会秘书或 者证券事务代表兼任董事会秘书处负责人，保管董事会和董事会秘书处印章。 第五条 董事会每年至少召开两次会议，由董事长召集，于会议召开 10 日以前书面通知全体董事。 第六条 在发出召开董事会定期会议的通知前，董事会秘书处应当充分征 求各董事的意见，初步形成会议提案后交董事长拟定。涉及应当披露的关联交易 ...

河南中原高速公路股份有限公司 章 程 二 〇二 五 年 八 月 | 第一章 总则 . | | --- | | 第二章 经营宗旨和范围 . | | 第三章 股份 . | | 股份发行 . 第一节 | | 第二节 股份增减和回购 | | 股份转让 第三节 | | 第四章 股东和股东会 . | | 第一节 股东的一般规定 . | | 第二节 控股股东和实际控制人 . | | 股东会的一般规定 第三节 | | 第四节 股东会的召集 . | | 股东会的提案与通知 第五节 | | 股东会的召开 . 第六节 | | 第七节 股东会的表决和决议 . | | 第五章 公司党委 . | | 第六章 董事会 | | 第一节 董事 | | 第二节 独立董事 | | 第三节 董事会 . | | 第四节 董事会专门委员会 | | 第七章 总经理及其他高级管理人员 | | 第八章 财务会计制度、利润分配和审计 . | | 第一节 财务会计制度 . | | 第二节 内部审计 . | | 第三节 会计师事务所的聘任 | | 第九章 通知和公告 57 | | | | 第一章 总则 第一条 为维护公司、股东、职工和债权人的合法权益，规范公司的组 ...