证券代码：600020 证券简称：中原高速 公告编号：临 2025-043 ? 相关日期 股份类别 股权登记日 最后交易日 除权（息）日 现金红利发放日 Ａ股 2025/7/14 － 2025/7/15 2025/7/15 ? 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经河南中原高速公路股份有限公司(以下简称"公司")2025 河南中原高速公路股份有限公司 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法律责任。 重要内容提示： ? 每股分配比例 A 股每股现金红利0.17元 年 5 月 16 日的2024年年度股东会审议通过。 二、 分配方案 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 本次利润分配以方案实施前的公司总股本2,247,371,832股为基数，每股派发 现金红利0.17元（含税），共计派发现金红利382,053,211.44元。 三、 相关日期 | 股份类别 | 股权登记日 | | 最后交 ...

证券代码：600020 证券简称：中原高速 公告编号：临 2025-043 河南中原高速公路股份有限公司 2024年年度权益分派实施公告 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法律责任。 重要内容提示： 每股分配比例 A 股每股现金红利0.17元 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/7/14 | － | 2025/7/15 | 2025/7/15 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 本次利润分配方案经河南中原高速公路股份有限公司(以下简称"公司")2025 年 5 月 16 日的2024年年度股东会审议通过。 二、 分配方案 1. 发放年度：2024年年度 2. 分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任 公司上海分公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实 ...

Investment Rating - The report rates the transportation industry as "Outperforming the Market" [2] Core Insights - The easing of the Israel-Iran conflict has led to a decline in oil tanker rates, with the VLCC market shifting from geopolitical influences to supply-demand fundamentals [3][14] - The establishment of the General Aviation and Low Altitude Economy Working Group by the Civil Aviation Administration of China (CAAC) aims to enhance the development of low-altitude economy and general aviation [3][16] - The price of unmanned logistics vehicles has dropped to around 20,000 yuan, contributing to a 5.3% year-on-year growth in national social logistics total in the first five months of 2025 [3][22] Industry Highlights - The VLCC market sentiment has transitioned to supply-demand fundamentals, with tanker rates under pressure due to increased competition among shipowners and no significant rise in cargo volumes [3][14] - As of July 4, 2025, the shipping rates from Shanghai to Europe increased by 3.5% to 2,101 USD/TEU, while rates to the US West and East coasts decreased by 19.0% and 12.6%, respectively [3][15] - In the first half of 2025, 117 new international air cargo routes were opened in China, with over 233 round-trip flights added weekly [3][16][18] - The logistics sector has seen a total of 138.7 trillion yuan in social logistics, reflecting a 5.3% year-on-year increase, with a slight deceleration in growth compared to previous months [3][24] High-Frequency Data Tracking - In June 2025, domestic cargo flights increased by 9.42% year-on-year, while international flights rose by 32.87% [26][33] - The express delivery sector experienced a 17.20% year-on-year increase in business volume in May 2025, with total express business volume reaching 173.2 billion pieces [56][58] - The national port cargo throughput reached 7.345 billion tons in the first five months of 2025, marking a 3.8% year-on-year growth [52]

Group 1 - The company is holding a shareholders' meeting to discuss the election of a new non-independent director due to the resignation of Mr. Meng Jie [1][2] - Mr. Yang Jianguo has been nominated as the candidate for the non-independent director position, with his term lasting until the end of the current board's tenure [1][2] - The meeting will take place during the trading hours on the day of the shareholders' meeting, specifically from 9:15 to 9:25 [1][3] Group 2 - Mr. Yang Jianguo, born in August 1967, is a member of the Communist Party and holds a bachelor's degree in engineering [2] - He currently serves as the Chief Digital Officer at China Merchants Highway Network Technology Holdings Co., Ltd. and has held various significant positions in other companies [2] - His previous roles include Director of the Information Institute at the Ministry of Transport's Planning Research Institute and various leadership positions within China Merchants Highway Network Technology Holdings [2]

河南中原高速公路股份有限公司 （HENAN ZHONGYUAN EXPRESSWAY COMPANY LIMITED） 2025 年第二次临时股东会会议资料 河南中原高速公路股份有限公司 2025 年 7 月 16 日 2 河南中原高速公路股份有限公司 2025 年第二次临时股东会 会议议程 一、会议时间： 1 1、现场会议召开时间：2025 年 7 月 16 日 9 点 30 分 | | | | 会议议程………………………………………………………………3 | | --- | | 关于补选公司第七届董事会非独立董事的议案……………………5 | 2、网络投票时间：通过交易系统投票平台的投票时间 为 股 东 会 召 开 当 日 的 交 易 时 间 段 ， 即 9:15-9:25 ， 9:30-11:30，13:00-15:00；通过互联网投票平台的投票时 间为股东会召开当日的 9:15-15:00。 二、会议召开地点： 1、现场会议地点：郑州市郑东新区农业东路 100 号 2、网络投票平台：上海证券交易所网络投票系统 三、股权登记日：2025 年 7 月 9 日 四、会议召集人：董事会 五、会议审议事项： 关于补 ...

Core Viewpoint - Zhongyuan Expressway has chosen to waive its preemptive subscription rights for the capital increase of Zhongyuan Trust, indicating a strategic focus on its core highway business and a desire to alleviate financing pressure [2][3]. Group 1: Company Actions and Financials - Zhongyuan Expressway's stake in Zhongyuan Trust will decrease from 27.27% to 25.52% following the waiver of the capital increase [3]. - The proposed capital increase for Zhongyuan Trust aims to raise its registered capital from 4.681 billion to 5 billion yuan, with a fundraising target of 724 million yuan at a price of 2.27 yuan per share [2]. - In 2024, Zhongyuan Expressway reported a revenue of 6.969 billion yuan, a year-on-year increase of 22.2%, and a net profit of 880 million yuan, up 6.27% year-on-year [3][4]. Group 2: Industry Context and Trends - The trust industry is undergoing significant transformation, with many companies seeking capital increases to enhance their financial strength and market competitiveness [5][9]. - The continuous waiver of capital increase by the second-largest shareholder of Zhongyuan Trust raises concerns about the company's future performance and the overall confidence in the trust industry [5][9]. - Regulatory changes, including the revised Trust Company Management Measures, emphasize the responsibilities of shareholders and may lead to a reshaping of shareholder structures in the trust industry [9][10].

Group 1 - The core point of the article is that Zhongyuan Trust plans to increase its registered capital from 4.681 billion to 5 billion yuan, while its second shareholder, Zhongyuan Gaosu, has chosen to waive its preemptive rights in this capital increase, which has raised market attention [1] - Zhongyuan Gaosu's decision to waive its preemptive rights is aligned with the company's development strategy and aims to alleviate financing pressure, resulting in a decrease of its shareholding in Zhongyuan Trust from 27.27% to 25.52% [1] - The capital increase price is set at 2.27 yuan per share, with a total fundraising target of 724 million yuan, requiring Zhongyuan Gaosu to contribute approximately 197 million yuan if it were to participate [1] Group 2 - Zhongyuan Trust's 2024 annual report indicates that it achieved total operating revenue of 88.497 million yuan, total profit of 22.9 million yuan, and net profit of 14.417 million yuan [2] - The trust's asset management scale has experienced a decline since 2022, after three years of rapid growth, with figures from 2019 to 2024 showing a peak of 420 billion yuan in 2021, followed by a decrease to 397.2 billion yuan in 2022 and 363.5 billion yuan in 2024 [2]

Investment Rating - The report rates the transportation industry as "Outperform" [2] Core Insights - The easing of tensions in the Middle East has led to a decline in oil tanker rates, with the VLCC market experiencing a significant price drop of 14.31% compared to June 19, with current rates at WS59.88 [3][12] - In the shipping sector, the demand for European routes has improved, resulting in a 10.6% increase in spot market booking prices, while the US routes have seen a decline of 7.0% and 11.9% for the West and East coasts, respectively [3][14] - During the summer travel season, Hainan Airlines plans to operate nearly 2,500 flights daily, with domestic ticket bookings reaching 17.9 million, a 5% increase year-on-year [3][15] - The newly unveiled Zhuque eVTOL has a range of 600 kilometers, and from January to May, national railway freight volume increased by 3.1% year-on-year, totaling 1.641 billion tons [3][22] Summary by Sections 1. Industry Hot Events - The Middle East situation has calmed, leading to a reduction in oil tanker rates and a return to supply-demand fundamentals [12] - Hainan Airlines is set to launch 75 new domestic and international routes during the summer travel season, with a daily flight plan of nearly 2,500 [15] - The Zhuque eVTOL was showcased, achieving a range of 600 kilometers, while railway freight volume showed a year-on-year increase [22] 2. High-Frequency Data Tracking - Air logistics: The overall trend for routes to the Asia-Pacific remains stable, with air freight prices showing a decline [25] - Shipping ports: The domestic container shipping price index has decreased, while dry bulk freight rates have also fallen [43] - Express logistics: In May 2025, express delivery volume increased by 17.20% year-on-year, with revenue rising by 8.20% [54] - Air travel: The average daily international flights in the last week of June 2025 increased by 17.51% year-on-year [3] - Road and rail: The number of freight trucks on highways increased by 0.88% week-on-week [3] 3. Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [4] - Attention to low-altitude economy investment opportunities, recommending CITIC Offshore Helicopter [4] - Investment opportunities in the road and rail sector, recommending Sichuan Chengyu, Gansu Expressway, and others [4] - Interest in cruise and ferry investment opportunities, recommending Bohai Ferry and Haixia Co [4] - E-commerce and express delivery investment opportunities, recommending SF Express, Jitu Express, and Yunda [4] - Investment opportunities in the aviation sector, recommending China National Aviation, Southern Airlines, and others [4]

Meeting Overview - The 39th meeting of the 7th Board of Directors of Henan Zhongyuan Expressway Co., Ltd. was held in compliance with legal and regulatory requirements [1] - The meeting was conducted via telecommunication on June 27, 2025, with all 10 directors present [1] Resolutions Passed - The board approved the proposal to elect Yang Jianguo as a non-independent director candidate, with a term until the end of the 7th Board [2] - The board approved the revision of the company's Investment Management System [2] - The board agreed to waive the priority subscription rights for capital increase in Zhongyuan Trust Co., Ltd. [2] - The board approved the waiver of priority subscription rights for capital increase in Henan Jiaotong New Energy Development Co., Ltd., with related director Feng Lele abstaining from the vote [2] - The board approved the investment and construction of the new project for the Shandeng Expressway Qingzhou Avenue entrance [2][3] - The board agreed to convene the 2025 second extraordinary shareholders' meeting on July 16, 2025, to review the proposal for the election of a non-independent director [3] Candidate Profile - Yang Jianguo, born in August 1967, is a member of the Communist Party and holds a bachelor's degree in engineering. He is currently the Chief Digital Officer at China Merchants Highway Network Technology Holdings Co., Ltd. and has held various significant positions in the transportation sector [5]

Group 1 - The company, Henan Zhongyuan Expressway Co., Ltd., is convening its second extraordinary general meeting of shareholders in 2025 on July 16, 2025 [4][6] - The meeting will utilize the Shanghai Stock Exchange's network voting system, allowing shareholders to vote both on-site and online [4][5] - The voting time for the network system is set from 9:15 AM to 3:00 PM on the day of the meeting [3][4] Group 2 - Shareholders must register to attend the meeting, with registration available on July 14 and 15, 2025 [6] - The company has specified that there are no related shareholders that need to abstain from voting [3] - The meeting will be held at the company's office located at 100 Agricultural East Road, Zhengdong New District, Zhengzhou [4][6]