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。 一、董事会会议召开情况 （一）河南中原高速公路股份有限公司(以下简称"公司")第七届董事会第 四十四次会议的召开符合法律、部门规章、规范性文件和《公司章程》的规定。 证券代码：600020 证券简称：中原高速 公告编号：临 2026－003 河南中原高速公路股份有限公司 第七届董事会第四十四次会议决议公告 二、董事会会议审议情况 会议逐项审议了通知中所列的全部事项。审议情况如下： （一）审议通过《关于公司 2025 年第四季度计提资产减值准备的议案》。 董事会认为公司 2025 年第四季度计提资产减值准备是基于公司实际情况和 会计准则做出的判断，真实反映了公司财务状况，不涉及会计计提方法的变更， 符合法律法规及公司的实际情况。 本议案已经公司董事会审计委员会事前认可。 表决结果：同意 11 票，反对 0 票，弃权 0 票。 （二）审议通过《关于制定公司<"提质增效重回报"行动方案>的议案》 （二）会议通知及相关材料已于 2026 年 1 月 22 日以专人或电子邮件方式发 ...

2025 年 1 月 1 日至 2025 年 12 月 31 日。 证券代码：600020 证券简称：中原高速 公告编号：临 2026-005 河南中原高速公路股份有限公司 2025 年年度业绩预告 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： 河南中原高速公路股份有限公司（以下简称"公司"）预计2025年年度实现 归属于上市公司股东的净利润61,200万元左右，与上年同期（法定披露数据）相 比，将减少26,839万元左右，同比下降30%左右。 一、本期业绩预告情况 （一）业绩预告期间 （二）业绩预告情况 1.经财务部门初步测算，预计2025年年度实现归属于上市公司股东的净利润 61,200万元左右，与上年同期（法定披露数据）相比，将减少26,839万元左右， 同比下降30%左右。 2.归属于上市公司股东的扣除非经常性损益的净利润 48,083 万元左右，与 上年同期（法定披露数据）相比，将减少 36,272 万元左右，同比下降 43%左右。 （三）本次预计的业绩未经注册会计师审计。 二、上年同期业绩情 ...

南财智讯1月28日电，中原高速发布年度业绩预告，预计2025年全年归属于上市公司股东的净利润为 61,200万元左右，同比预减约30.00%；预计2025年全年归属于上市公司股东的扣除非经常性损益的净利 润为48,083万元左右，同比预减约43.00%。本期业绩预减的主要原因：报告期内，受房地产行业整体下 行影响，市场需求端尚未出现回暖迹象。公司全资子公司河南交投颐康投资发展有限公司结合各房地产 项目所在区域及城市的市场实际情况，对存货等资产开展初步减值测试，拟对部分房地产项目计提相应 资产减值准备，导致本报告期内归属于上市公司股东的净利润同比下降。 ...

Investment Rating - The report assigns an "Overweight" rating to the highway industry [6]. Core Insights - The comprehensive revision of the "Regulations on the Management of Toll Roads" has been in preparation for years, with broad consensus on four key amendments. The anticipated policy optimization is expected to accelerate, with the amendment of the Highway Law serving as an important signal that could improve long-term returns in the industry [3][6]. - The demand for highway tolls is recovering, and the certainty of dividends remains prominent. The highway industry is experiencing a release of suppressed demand and expansion effects, driving significant growth in traffic volume and profitability. From the second half of 2024 to the first half of 2025, traffic volume in the highway industry is expected to remain under pressure, particularly with a year-on-year reduction in truck traffic, which contrasts with the steady growth trend in highway freight volume [6]. - The report highlights that highway companies are actively optimizing their debt structures in response to the continuous decline in the Loan Prime Rate (LPR), which is expected to further reduce financial costs and support profitability growth. The stability of the highway dividend policy and manageable capital expenditure pressures for expansion and reconstruction projects position the industry as a preferred choice for dividends in the transportation sector [6]. Summary by Sections Policy Revision - The "Regulations on the Management of Toll Roads" is the most important policy for the highway industry, originally enacted in 2004. It has effectively supported the rapid construction of China's highway network over the past forty years. However, rising construction costs and unchanged toll standards have led to declining returns on new and expanded projects, increasing financing difficulties and accumulating debt risks [6]. - The Ministry of Transport has previously released draft amendments in 2013, 2015, and 2018, with the revision consistently appearing in annual legislative work plans. The report suggests that as a batch of highways approaches the end of their tolling period, policy optimization may accelerate [6]. - Key amendments include extending the operating period for new projects from 25 years to 30 years, allowing for extensions on reconstruction projects, introducing compensation mechanisms for reductions, and establishing a maintenance fee system based on the "user pays" principle [6]. Investment Recommendations - The report maintains an "Overweight" rating for the highway sector, suggesting that policy optimization may catalyze optimistic expectations. The industry faces reinvestment pressures due to limited operating years and ongoing business needs, making reinvestment a necessary choice. The report anticipates that policy optimization will systematically improve reinvestment risks and ensure reasonable returns on reinvestment [6]. - Recommended stocks include China Merchants Highway, Nanjing-Hangzhou Expressway, Anhui Wantuo Expressway, and Shenzhen International, with additional mentions of Sichuan Chengyu, Guangdong Expressway, Shandong Expressway, and Zhongyuan Expressway as related targets [6].

2026 年 1 月 23 日，公司完成了 2026 年度第一期超短期融资券的发行，募 集资金于 1 月 26 日全额到账。现将发行结果公告如下： | 名称 | 河南中原高速公路股 份有限公司 2026 年度 第一期超短期融资券 | 简称 | 26 中原高速 SCP001 | | --- | --- | --- | --- | | 代码 | 012680245 | 期限 | 177 天 | | 起息日 | 2026 年 1 月 26 日 | 兑付日 | 2026 年 7 月 22 日 | | 计划发行总额 | 3.00 亿元 | 实际发行总额 | 3.00 亿元 | | 发行利率 | 1.57％ | 发行价格 | 100 元/百元面值 | | | 申购情况 | | | | 合规申购家数 | 14 | 合规申购金额 | 10.30 亿元 | | 最高申购价位 | 1.81% | 最低申购价位 | 1.51% | | 有效申购家数 | 5 | 有效申购金额 | 3.0 亿元 | | 薄记管理人、 主承销商 | 上海浦东发展银行股份有限公司 | | | | 联席主承销商 | 郑州银行股份有限公司 | | | 特此公 ...

Group 1 - The trust concept sector declined by 1.09%, ranking among the top declines in concept sectors, with companies like Huaguang Huaneng, Delong Huineng, and Maoye Commercial experiencing significant drops [1][2] - Among the trust concept stocks, three companies saw price increases, with Hongda Co., New Huangpu, and Jianyuan Trust rising by 1.80%, 1.10%, and 0.34% respectively [1][2] - The trust concept sector experienced a net outflow of 381 million yuan, with 17 stocks facing net outflows, and six stocks seeing outflows exceeding 30 million yuan [2][3] Group 2 - The top net outflow stock was Zhongyou Capital, with a net outflow of 105 million yuan, followed by Guowang Yingda and Huaguang Huaneng with net outflows of 89.28 million yuan and 68.60 million yuan respectively [2][3] - The leading stocks for net inflow in the trust concept sector included Hongda Co., Guotou Investment, and Zhejiang Dongfang, with net inflows of 45.47 million yuan, 18.86 million yuan, and 13.57 million yuan respectively [2][3] - The trading volume for Zhongyou Capital was 0.60%, while Guowang Yingda had a trading volume of 1.29%, indicating varying levels of investor activity within the sector [3]

Market Overview - The railway and highway sector experienced a decline of 0.42% on January 13, with Hainan Highway leading the drop [1] - The Shanghai Composite Index closed at 4138.76, down 0.64%, while the Shenzhen Component Index closed at 14169.4, down 1.37% [1] Stock Performance - Notable gainers included: - Shentong Metro (600834) with a closing price of 8.80, up 2.44% [1] - Jinjiang Online (600650) also up 2.44% at a closing price of 16.40 [1] - Major decliners included: - Hainan Highway (000886) down 4.45% at a closing price of 6.66 [2] - Haikou Group (603069) down 3.85% at a closing price of 23.75 [2] Trading Volume and Capital Flow - The railway and highway sector saw a net outflow of 113 million yuan from institutional investors, while retail investors had a net inflow of 101 million yuan [2] - The trading volume for Hainan Highway was 561,000 shares, with a transaction value of 379 million yuan [2] Individual Stock Capital Flow - Jinjiang Online (600650) had a net outflow of 53.1 million yuan from institutional investors, with a retail net outflow of 49.4 million yuan [3] - Shentong Metro (600834) recorded a net inflow of 15.8 million yuan from institutional investors [3] - West China Entrepreneurship (000557) had a net inflow of 16.7 million yuan from institutional investors [3]

Core Viewpoint - The announcement provides the December 2025 toll revenue and traffic volume data for Henan Zhongyuan Expressway Co., Ltd, indicating a toll revenue of 382,926,336.44 yuan, which is subject to further verification and does not include value-added tax due to the implementation of the "VAT reform" policy [1][2][3]. Group 1 - The toll revenue for December 2025 is reported as 382,926,336.44 yuan [1]. - The data presented is based on split data from the Henan Provincial Highway Network Monitoring and Charging Communication Service Co., Ltd and is unaudited [1]. - The toll revenue does not include value-added tax as a result of the "VAT reform" policy [1].

Group 1 - The company Zhongyuan Expressway (600020.SH) announced that its toll revenue for December 2025 is projected to be approximately 383 million yuan [1]

Group 1 - The core point of the article is that Zhongyuan Expressway (600020.SH) announced an estimated toll revenue of approximately 383 million yuan for December 2025 [1]