Key Points - The stock price of Zhongyuan Expressway (600020) closed at 4.39 yuan, down 1.35% from last week, with a market capitalization of 9.866 billion yuan [1] - The company plans to enhance asset quality and optimize investment structure through its "Valuation Enhancement Plan" [1][3] - The company will focus on digital transformation and differentiated pricing policies to adapt to industry policy changes [1][3] - The core road assets are stable, and diversified business development is a key driver for performance growth [1][3] - The company intends to revise its articles of association to abolish the supervisory board, transferring its powers to the audit committee of the board [1][3]

Core Viewpoint - Henan Zhongyuan Expressway Company Limited is proposing amendments to its Articles of Association, including the abolition of the supervisory board, with the audit committee of the board taking over its responsibilities [1][2]. Meeting Agenda - The shareholders' meeting will be held on September 2, 2025, during trading hours from 9:15 to 15:00 [1]. - The meeting will be convened by the board of directors [1]. Proposed Amendments - The proposed amendments aim to enhance the company's operational standards in accordance with the Company Law and relevant regulations [1]. - The supervisory board will be abolished, and its powers will be transferred to the audit committee of the board [1][2]. Authorization for Implementation - Following the approval of the revised Articles of Association, the board will seek authorization from the shareholders to handle the necessary business registration changes [2]. Comparison of Revised Articles - The first article of the Articles of Association has been revised to include "employees" alongside "company, shareholders, and creditors" in protecting their legal rights [2]. - The provisions regarding the legal representative of the company and the responsibilities of the board have been clarified [3][4]. - The amendments include changes to the issuance of shares, ensuring equal rights for all shareholders [6][7]. Shareholder Rights - Shareholders will retain rights to dividends and other benefits proportional to their shareholdings [10]. - The rights to request meetings, supervise company operations, and transfer shares are maintained [10][11]. Decision-Making Process - The decision-making process for the board and shareholders has been outlined, emphasizing the need for compliance with legal and regulatory requirements [12][13]. - The conditions under which a temporary shareholders' meeting can be convened have been specified [18][20].

河南中原高速公路股份有限公司 （HENAN ZHONGYUAN EXPRESSWAY COMPANY LIMITED） 2025 年第三次临时股东会会议资料 河南中原高速公路股份有限公司 | 会议议程………………………………………………………………3 | | --- | | 1、关于修订《公司章程》及其附件并取消监事会的议案…………5 | | 2、关于修订公司部分治理制度的议案……………………………38 | 2 河南中原高速公路股份有限公司 2025 年第三次临时股东会 会议议程 一、会议时间： 1、现场会议召开时间：2025 年 9 月 9 日 9 点 30 分 2025 年 9 月 9 日 1 | | | 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 ...

Market Overview - On August 26, the railway and highway sector rose by 0.3% compared to the previous trading day, with Dongguan Holdings leading the gains [1] - The Shanghai Composite Index closed at 3868.38, down 0.39%, while the Shenzhen Component Index closed at 12473.17, up 0.26% [1] Stock Performance - Dongguan Holdings (000828) closed at 12.07, up 4.50% with a trading volume of 419,900 shares and a turnover of 514 million yuan [1] - Other notable performers included Sanfengsi (001317) with a 2.95% increase, and Jinjiang Online (600650) with a 2.60% increase [1] - Conversely, Deep Highway (600548) saw a decline of 0.93%, and Fulin Transportation (002357) decreased by 0.72% [2] Capital Flow - The railway and highway sector experienced a net outflow of 134 million yuan from institutional investors, while retail investors saw a net inflow of 1.27 billion yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors pulling back while retail investors remained active [2] Individual Stock Capital Flow - Jinjiang Online (600650) had a net outflow of 26.26 million yuan from institutional investors, while retail investors contributed a net inflow of 24.29 million yuan [3] - Haiqi Group (603069) saw a net inflow of 21.89 million yuan from institutional investors, indicating strong interest [3] - Conversely, Ninghu Highway (600377) had a significant net outflow of 21.70 million yuan from institutional investors, suggesting caution among larger players [3]

证券代码：600020 证券简称：中原高速 公告编号：临2025-057 河南中原高速公路股份有限公司（以下简称"公司"）已于 2025 年 8 月 9 日在上海证券交易所网站（www.sse.com.cn）披露 2025 年半年度报告。为便于 广大投资者更加全面深入地了解公司 2025 年上半年经营情况，公司定于 2025 年 9 月 1 日下午举行 2025 年半年度业绩说明会，就投资者普遍关心的问题进行 交流。 一、业绩说明会类型 本次业绩说明会以网络互动方式召开，公司将针对 2025 年半年度的经营情 况与投资者进行互动交流和沟通，在信息披露允许的范围内就投资者普遍关注的 问题进行回答。 二、业绩说明会召开的时间、地点和方式 会议召开时间：2025 年 9 月 1 日（星期一）16:00-17:00 会议召开地点：价值在线（www.ir-online.cn） 1 河南中原高速公路股份有限公司 关于召开2025年半年度业绩说明会的公告 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。 重要内容提示： 会 议 问 题 ...

Core Points - The railway and highway sector increased by 0.58% on August 25, with Wuzhou Transportation leading the gains [1] - The Shanghai Composite Index closed at 3883.56, up 1.51%, while the Shenzhen Component Index closed at 12441.07, up 2.26% [1] Sector Performance - Wuzhou Transportation (600368) closed at 4.39, up 1.39% with a trading volume of 631,200 shares and a transaction value of 277 million [1] - Zhongyuan Expressway (600020) closed at 4.54, up 1.11% with a trading volume of 233,500 shares and a transaction value of 106 million [1] - China Merchants Highway (001965) closed at 11.08, up 1.09% with a trading volume of 181,700 shares and a transaction value of 200 million [1] - Shandong Expressway (600350) closed at 9.47, up 1.07% with a trading volume of 127,400 shares and a transaction value of 120 million [1] - Western Entrepreneurship (000557) closed at 5.73, up 1.06% with a trading volume of 195,300 shares and a transaction value of 112 million [1] - Dongguan Holdings (000828) closed at 11.55, up 0.96% with a trading volume of 124,200 shares and a transaction value of 143 million [1] - Longjiang Transportation (601188) closed at 3.57, up 0.85% with a trading volume of 236,800 shares and a transaction value of 84.43 million [1] - Beijing-Shanghai High-Speed Railway (601816) closed at 5.39, up 0.75% with a trading volume of 1,694,000 shares and a transaction value of 911 million [1] - Jilin Expressway (601518) closed at 2.77, up 0.73% with a trading volume of 218,000 shares and a transaction value of 60.22 million [1] - Chutian Expressway (600035) closed at 4.35, up 0.69% with a trading volume of 167,300 shares and a transaction value of 72.69 million [1] Capital Flow - The railway and highway sector experienced a net outflow of 285 million from main funds, while retail investors saw a net inflow of 233 million [1] - Speculative funds had a net inflow of 51.81 million [1]

Group 1 - The core viewpoint of the article highlights the recent movements of social security funds in the A-share market, revealing that they have entered the top ten circulating shareholders of 71 new stocks in the second quarter of 2025 [1] - Su Shi Testing has the highest number of new social security fund holdings, with 3 new holdings, while Shanghai Jahwa and Xin Qiang Lian each have 2 new holdings [1] - The article provides a detailed list of companies that have seen new social security fund investments, including their respective shareholding numbers, quantities, and market values [2][3][4][5] Group 2 - Specific companies mentioned include Su Shi Testing with 1,486.20 thousand shares valued at 213 million yuan, Shanghai Jahwa with 1,150.51 thousand shares valued at 242 million yuan, and Xin Qiang Lian with 555.56 thousand shares valued at 199 million yuan [2][3] - Other companies with new social security fund holdings include Hengdian East Magnetic, Nuofushin, and Baichu Electronics, each with 1 new holding, along with their respective share quantities and market values [2][3][4] - The article lists a total of 71 companies that have received new investments from social security funds, indicating a diverse range of industries from agriculture to electronics and pharmaceuticals [2][3][4][5]

Core Viewpoint - The railway and highway sector experienced a slight increase of 0.04% on August 22, with San Yang Ma leading the gains, while the overall market indices showed significant upward movement, with the Shanghai Composite Index rising by 1.45% and the Shenzhen Component Index by 2.07% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3825.76, up 1.45% [1] - The Shenzhen Component Index closed at 12166.06, up 2.07% [1] - The railway and highway sector stocks showed mixed performance, with notable gainers and losers [1] Group 2: Stock Performance - San Yang Ma (001317) closed at 51.48, up 10.00% with a trading volume of 74,900 shares and a turnover of 372 million yuan [1] - Chongqing Road and Bridge (600106) closed at 7.73, up 1.71% with a trading volume of 546,700 shares and a turnover of 421 million yuan [1] - Jiangxi Changyuan (600561) closed at 7.12, down 1.52% with a trading volume of 105,300 shares and a turnover of 75.42 million yuan [2] Group 3: Capital Flow - The railway and highway sector saw a net outflow of 79.07 million yuan from institutional investors, while retail investors contributed a net inflow of 111 million yuan [2] - Major stocks like San Yang Ma and Tie Long Logistics experienced significant net inflows from institutional investors [3] - Retail investors showed a mixed response, with some stocks experiencing net outflows despite overall inflows into the sector [3]

Group 1 - The company, Zhongyuan Expressway, announced on the evening of August 20 that its seventh board of directors held the 41st meeting, where multiple proposals were approved, including the revision of certain documents and the cancellation of the supervisory board [2]

2024年1至12月份，中原高速的营业收入构成为：交通运输业占比63.98%，建造服务占比33.22%，其他 业务占比1.54%，房地产业占比1.25%。 （文章来源：每日经济新闻） 中原高速（SH 600020，收盘价：4.45元）8月20日晚间发布公告称，公司第七届第四十一次董事会会议 于2025年8月20日以通讯表决方式召开。会议审议了《关于聘任公司副总经理的议案》等文件。 ...