贵州三力：拟与广东药科大学签署技术转让及合作合同 6月12日晚，贵州三力（603439）发布公告称，公司近日拟与广东药科大学签署技术转让合同及技术开 发（合作）合同。 根据技术转让合同，金缕半枫荷在制备预防和/或治疗肝损伤药物中的应用等7件专利，以及由金缕半枫 荷项目衍生的其他病症或制备等相关专利一并转让，总体转让费用为5000万元。以上专利转让后，公司 取得该等专利的完整权属，为唯一专利权人，有权提出PCT国际专利申请。 资料显示，贵州三力成立于1995年9月，主营业务是药品的研发、生产及销售。 所属行业：医药生物–中药Ⅱ–中药Ⅲ 江盐集团：公司董事长胡世平辞职 6月12日晚，江盐集团（601065）发布公告称，公司董事长胡世平因工作变动，于2025年6月12日辞去董 事长、董事及战略与提名委员会委员职务，辞职后不再担任公司及下属公司任何职务。 资料显示，江盐集团成立于1989年8月，主营业务是岩盐地下开采；食盐、工业盐、元明粉等盐产品及 纯碱、小苏打等盐化工产品的研发、生产、加工和销售。 所属行业：基础化工–化学原料–纯碱 诺邦股份：部分董监高拟合计减持不超64.14万股公司股份 6月12日晚，诺邦股份（ ...

证券代码：600020 证券简称：中原高速 公告编号：临2025－036 河南中原高速公路股份有限公司 2025年5月份通行费收入 和交通量数据公告 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。 河南中原高速公路股份有限公司（以下简称"公司"）2025年5月份通行费收入为345,008,010.66元，各路 段情况如下： | 路段 | 通行费收入 （元） | 交通量 （折算数，台次） | | --- | --- | --- | | 京港澳高速公路郑州至漯河段 | 153,937,221.40 | 3,286,124 | | 京港澳高速公路漯河至驻马店段 | 34,598,667.73 | 1,624,276 | | 郑栾高速公路郑州至尧山段 | 58,633,153.37 | 896,737 | | 郑州至民权高速公路 | 40,322,888.73 | 1,143,822 | | 德上高速公路永城段 | 8,665,894.61 | 599,706 | | 商丘至登封高速公路 | 48,850,184.82 | 67 ...

特此公告。 姓名 离任职务 离任时间 原定任期 到期日 离任原因 是否继续在 上市公司及 其控股子公 司任职 是否存在 未履行完 毕的公开 承诺 孟杰 董事、董事会战略 投资与 ESG 委员 会委员、薪酬与考 核委员会委员 2025 年 6 月 11 日 第七届董事 会届满之日 工作调整 否 否 一、 提前离任的基本情况 二、 离任对公司的影响 根据《公司法》、《公司章程》及相关规定，孟杰先生的辞职不会导致公司董 事会成员低于法定人数，不会影响公司董事会的正常运行，辞职申请自送达公司 董事会之日起生效。孟杰先生不存在未履行完毕的公开承诺，已按照公司相关规 定完成了交接工作。公司将按照法定程序，尽快完成董事及董事会专门委员会委 员补选工作。 孟杰先生担任公司董事期间，恪尽职守、勤勉尽责，切实维护了公司和全体 股东的利益，为公司规范运作和健康发展发挥了积极作用，公司及董事会对此表 示衷心感谢！ 证券代码：600020 证券简称：中原高速 公告编号：临 2025-035 河南中原高速公路股份有限公司 关于公司董事辞职的公告 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 ...

| 路段 | 通行费收入 | 交通量 | | --- | --- | --- | | | （元） | （折算数，台次） | | 京港澳高速公路郑州至漯河段 | 153,937,221.40 | 3,286,124 | | 京港澳高速公路漯河至驻马店段 | 34,598,667.73 | 1,624,276 | | 郑栾高速公路郑州至尧山段 | 58,633,153.37 | 896,737 | | 郑州至民权高速公路 | 40,322,888.73 | 1,143,822 | | 德上高速公路永城段 | 8,665,894.61 | 599,706 | | 商丘至登封高速公路 | 48,850,184.82 | 670,586 | 董事会谨此提醒投资者，上述数据系河南省高速公路联网监控收费通信服务 有限公司拆分数据，未经审计。自执行"营改增"政策后，该通行费收入中未含 增值税。因此，本公告所涉及数据仅作为阶段性数据供投资者参考，请广大投资 者审慎使用该等数据。 特此公告。 河南中原高速公路股份有限公司董事会 2025 年 6 月 12 日 1 证券代码：600020 证券简称：中原高速 公告编号：临 2025 ...

Industry Investment Rating - The industry investment rating is maintained at "Outperform the Market" [1] Core Viewpoints - High dividend yields are favorable for highway and port companies due to declining domestic interest rates, making them attractive for allocation and investment [2] - Mergers and acquisitions are seen as a potential growth source in the transportation sector, particularly in the highway and bulk supply chain segments, supported by low interest rates and low valuations [3] - The rise of new energy and unmanned transportation is expected to benefit platform companies, with a focus on digital freight and ride-hailing services [4] Summary by Sections 1. Aviation - The aviation industry is expected to see a turning point in supply and demand by 2025, with cumulative revenue growth for airlines projected to match the increase in aircraft numbers [7] - Airlines are likely to experience a recovery in aircraft utilization hours and passenger load factors, leading to increased revenue per passenger kilometer [11] 2. Highways - The defensive value of high dividend highway companies is decreasing as the A-share index rebounds, while their investment value is increasing due to declining interest rates [27] - There is significant potential for mergers and acquisitions in the highway sector, with many listed highway companies having substantial room for asset securitization [30] - Companies like Guangdong Expressway A and Shandong Expressway are highlighted for their high return on equity and dividends [27] 3. Railways - Short-term growth in railway freight and passenger volumes is low, but there is potential for long-term growth driven by new energy vehicles and unmanned driving technologies [36] - The container transport volume in railways is expected to grow significantly, supported by various initiatives like the Belt and Road Initiative [42] 4. Express Delivery - The express delivery industry is experiencing rapid growth in both volume and revenue, with major players like Zhongtong Express and YTO Express showing increasing profits [45] - Price competition is easing, which may present investment opportunities in the sector [46] 5. Bulk Supply Chain - Major bulk supply chain companies in China are seeing a decline in market share, but their revenues remain among the highest globally [51] - Companies like Wuzhou International and Jianfa Group are actively engaging in mergers and acquisitions to enhance their market position [54] 6. Shipping - The shipping industry is facing challenges due to potential declines in global trade volumes as a result of U.S. tariffs, which may pressure shipping rates [57] - The oil shipping sector may benefit from lower oil prices leading to increased demand for oil replenishment [63] 7. Ports - Port container throughput is expected to show resilience despite fluctuations in export growth, with stable pricing anticipated [70] - The report emphasizes the importance of reducing logistics costs, which may limit the potential for rate increases in port fees [70] 8. New Energy and Unmanned Transportation - The adoption of new energy vehicles is significantly reducing travel costs, while smart driving technologies are expected to lower labor costs in transportation [74] - Companies in the ride-hailing and digital freight sectors are projected to experience substantial growth due to these technological advancements [77]

Core Insights - The report emphasizes high dividend yields in the highway and port sectors, suggesting that these areas are attractive for investment due to stable earnings and continuous growth in throughput [2][3] - Mergers and acquisitions are highlighted as a potential growth avenue for the transportation sector, particularly in the highway and bulk supply chain segments, supported by favorable policies and low interest rates [3][28] - The rise of new energy vehicles and autonomous transportation is expected to lower costs, benefiting platform companies with pricing power, such as ride-hailing and digital freight platforms [4][42] Highway Sector - High dividend highway companies are losing defensive value as the A-share index rebounds, but their investment value is increasing due to declining interest rates [27] - Recommended companies include Guangdong Expressway A, Shandong Expressway, and Anhui Expressway, which exhibit high return on equity and dividends [27] - There is significant potential for mergers and acquisitions in the highway sector, with many listed companies having substantial non-listed assets that could be injected into them [30][35] Port Sector - The report anticipates stable growth in port container throughput despite fluctuations in export growth, with port fees expected to remain stable due to policies aimed at reducing logistics costs [70] - Recommended companies in the port sector include Qingdao Port and Tangshan Port, which are expected to benefit from ongoing throughput growth [2][70] Railway Sector - Short-term growth in railway freight and passenger volumes is expected to be low, but long-term trends may see a shift as new energy vehicles and autonomous driving reduce costs in road transport [36][42] - The report recommends Iron Dragon Logistics, which is positioned to benefit from the anticipated growth in container transport [42] Express Delivery Sector - The express delivery industry is experiencing rapid growth in both volume and revenue, with major players like Zhongtong Express and YTO Express showing increasing profits [45] - The report notes that price competition is easing, which may present investment opportunities as the market stabilizes [48] Bulk Supply Chain Sector - Leading bulk supply chain companies in China are experiencing a decline in market share, but their revenues remain among the highest globally [51] - The report highlights the trend of these companies moving from trade to manufacturing, with significant mergers and acquisitions expected to accelerate industry consolidation [54] Aviation Sector - The aviation industry is projected to see a reversal in supply-demand dynamics by 2025, with cumulative revenue growth expected to align with nominal GDP growth [7][11] - Major airlines are expected to benefit from increased aircraft utilization and rising passenger load factors, leading to improved profitability [11][14] Recommendations - The report provides a list of recommended stocks, including companies like China National Aviation and Guangdong Expressway A, which are expected to perform well based on their earnings forecasts and market conditions [78]

河南中原高速公路股份有限公司 关于 2025 年度第二期中期票据发行结果的公告 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。 七届董事会第三十五次会议审议通过了《关于公司申请注册发行非金融企业债务 融资工具的议案》。2025 年 3 月，公司收到中国银行间市场交易商协会（以下简 称"交易商协会"）出具的《接受注册通知书》 （中市协注2025MTN258 号），交 易商协会同意接受公司 10 亿元人民币的中期票据注册，注册额度自《接受注册 通知书》落款之日起 2 年内有效，可分期发行。有关内容详见公司临 2025-002、 金于当日全额到账。现将发行结果公告如下： 河南中原高速公路股 证券代码：600020 证券简称：中原高速 公告编号：临 2025－034 | 名称 份有限公司 | 2025 | | 年度 | | 简称 | 25 | 中原高速 | | | MTN002 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 第二期中 ...

证券代码：600020 证券简称：中原高速 公告编号：临 2025－034 | 名称 | 河南中原高速公路股 份有限公司 2025 年度 第二期中期票据 | 简称 | 25 中原高速 MTN002 | | --- | --- | --- | --- | | 代码 | 102582119 | 期限 | 3 年 | | 起息日 | 2025 年 5 月 23 日 | 兑付日 | 2028 年 5 月 23 日 | | 计划发行总额 | 5.00 亿元 | 实际发行总额 | 5.00 亿元 | | 发行利率 | 1.88％ | 发行价格 | 100 元/百元面值 | | | 申购情况 | | | | 合规申购家数 | 18 | 合规申购金额 | 32.10 亿 | | 最高申购价位 | 2.40% | 最低申购价位 | 1.79% | | 有效申购家数 | 6 | 有效申购金额 | 6.60 亿 | | 薄记管理人、 主承销商 | | 中国银行股份有限公司 | | | 联席主承销商 | | 招商银行股份有限公司、中国光大银行股份有限公司 | | 特此公告。 河南中原高速公路股份有限公司 关于 2025 年度第二期中 ...

历时半年，中原高速（600020）(600020.SH)控股股东顺利完成首单增持计划。 5月21日晚间，中原高速发布公告，自2024年11月20日至2025年5月20日期间，公司控股股东河南交通投资集团有 限公司(以下简称"交投集团")累计增持公司股份3869.25万股，占公司总股本的1.72%，累计增持金额为1.6亿元， 本次增持股份计划已实施完毕。 基于对公司价值的认可及未来持续稳定发展的信心，以及提振投资者信心，是交投集团本次增持中原高速的主要 原因。这也是中原高速自2003年上市以来，首次获得控股股东增持。 长江商报记者注意到，作为河南省内从事高速公路运营管理服务的唯一一家上市公司，中原高速主业稳健，重视 投资者回报。 2024年，面对通行费收入下降的不利情况，中原高速实现营业收入69.69亿元，同比增长22.2%；归属于上市公司 股东的净利润(净利润，下同)8.8亿元，同比增长6.27%。 数据显示，自上市以来，中原高速累计现金分红42.33亿元(含税)。公司计划未来三年每年分红率不低于40%。 年内获控股股东及险资加仓 2024年11月，交投集团就启动了本次增持。 根据当时中原高速发布的公告，基于 ...

北京市嘉源律师事务所 关于河南中原高速公路股份有限公司 控股股东增持股份 的专项核查意见 师事务所 西城区复兴门内大街 158 号远洋大厦 4 楼 中国·北京 二〇二五年五月 目 录 | 一、增持人的主体资格 . | | --- | | 二、本次增持的具体情况 . | | 三、本次增持相关的信息披露 | | 四、本次增持是否属于《收购管理办法》规定的免于发出要约的情形 7 | | 五、结论意见 . | 磨 义 在本专项核查意见中,除非文义另有所指,下列左栏中的简称或术语对应右 栏中的全称或含义: | 中原高速、上市公司、 公司 | 指 | 河南中原高速公路股份有限公司,一家依据中国法律成 立并有效存续的股份有限公司,其发行的股票依法在上 | | --- | --- | --- | | | | 海证券交易所上市交易,股票代码;600020 | | 交投集团、增持人 | 指 | 河南交通投资集团有限公司 | | 本次增持 | 指 | 2024年11月20日至2025年5月20日期间,公司控股 股东交投集团通过上海证券交易所交易系统以集中竞价 | | | | 方式增持了公司 A 股股份 38,692,500 股,约 ...