河南中原高速公路股份有限公司 董事会审计委员会工作细则 第一章 总 则 第一条 为强化董事会决策功能，确保董事会对经理层的有效监督，完善 公司治理结构，根据《中华人民共和国公司法》《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》《企业内部控制基本规范》《河南中原 高速公路股份有限公司章程》（以下简称"《公司章程》"）及其他有关规定，公 司设立董事会审计委员会，并制定本工作细则。 第二条 董事会审计委员会是董事会按照《公司章程》设立的专门委员会， 主要负责审核公司财务信息及其披露、监督及评估内外部审计工作和内部控制， 对董事会负责，向董事会报告工作。 第三条 审计委员会成员必须保证足够的时间和精力履行委员会的工作 职责，勤勉尽责，切实有效地监督、评估公司内外部审计工作，促进公司建立有 效的内部控制并提供真实、准确、完整的财务报告。 第四条 公司须为审计委员会提供必要的工作条件，配备专门人员或机构 承担审计委员会的工作联络、会议组织、材料准备和档案管理等日常工作。审计 委员会履行职责时，公司管理层及相关部门须给予配合。 ...

Group 1 - The core point of the article highlights that Zhongyuan Expressway reported a third-quarter revenue of 1.783 billion yuan, a year-on-year decrease of 9.09%, while net profit reached 298 million yuan, an increase of 43.85% [1] - For the first three quarters, the company achieved a revenue of 4.888 billion yuan, reflecting a year-on-year growth of 3.89%, and a net profit of 961 million yuan, which is a year-on-year increase of 16.78% [1]

Key Points - The Shanghai Stock Exchange has issued over 950 billion yuan in green bonds and low-carbon transition bonds as of the end of September 2025, with new varieties like carbon-neutral bonds and blue bonds emerging [1] - The issuance of public REITs for green projects has seen success, with seven such funds listed [1] Policy Support - Nine departments, including the Ministry of Housing and Urban-Rural Development, have issued an action plan to support the issuance of REITs for new urban infrastructure projects from 2025 to 2027 [2][3] - The plan emphasizes the establishment of a diversified financing system led by government investment and supported by corporate investment, encouraging local governments to enhance policy guidance through reward and subsidy mechanisms [3] Market Dynamics - The bond market is experiencing fluctuations, with the long-end bonds showing strength, particularly the 30-year bonds, which saw a yield drop of over 3 basis points to 2.23% [4] - The 30-year government bond futures rose by approximately 0.6%, breaking the 115 price level [4] Monetary Policy - The central bank conducted a net withdrawal of 376 billion yuan through reverse repos, indicating a tightening of liquidity in the market [5] Regional Developments - The Henan provincial government is focusing on the high-quality development of state-owned enterprises, emphasizing the need for effective communication and coordination among various stakeholders [6][7] - The Hunan provincial government has successfully reduced the number of state-owned enterprises from 33 to 17, enhancing the asset quality of the remaining firms [7] Issuance Activities - Zhengzhou Urban Development Group plans to issue 1.5 billion yuan in perpetual bonds, while Xuchang Investment Group is set to issue 170 million yuan in medium-term notes with a range of 2.3% to 3.3% [8][10] - Yujian Biomedical Group is preparing to issue up to 1 billion yuan in corporate bonds, with the main underwriters announced [11][12] Market Sentiment - Analysts from招商宏观 and中金固收 express optimism about the bond market's performance in the fourth quarter, citing a favorable supply-demand dynamic and potential monetary policy easing [18][19]

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。 证券代码：600020 证券简称：中原高速 公告编号：临 2025－061 河南中原高速公路股份有限公司 关于 2025 年度第三期中期票据发行结果的公告 2025 年 1 月 6 日，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[2025]MTN259 号），交 易商协会同意接受公司 25 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、 014 号公告。 2025 年 10 月 15 日，公司完成了 2025 年度第三期中期票据的发行，募集资 金于 10 月 16 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 2025 年度 第三期中期票据 ...

Core Points - The company reported a toll revenue of 381,955,168.29 yuan for September 2025, with data sourced from the Henan Provincial Highway Network Monitoring and Charging Communication Service Co., Ltd. [1] - The reported toll revenue does not include value-added tax (VAT) due to the implementation of the "tax reform" policy, and the data is unaudited and intended for reference only [1] Revenue and Traffic Data - The toll revenue for September 2025 was 381,955,168.29 yuan [1] - The data is based on split figures and is not audited, highlighting the need for investors to use this information cautiously [1]

证券代码：600020 证券简称：中原高速 公告编号：临 2025－060 河南中原高速公路股份有限公司 2025 年 9 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 9 月份通行 费收入为 381,955,168.29 元，各路段情况如下： | 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 | 171,029,472.95 | 2,933,640 | | 京港澳高速公路漯河至驻马店段 | 36,864,108.97 | 1,388,100 | | 郑栾高速公路郑州至尧山段 | 66,364,956.03 | 711,875 | | 郑州至民权高速公路 | 44,232,679.16 | 912,837 | | 德上高速公路永城段 | 8,537,398.51 | 393,027 | | 商丘至登封高速公路 | 54,9 ...

Core Viewpoint - The company announced that its toll revenue for September 2025 is projected to be 382 million yuan [1] Group 1 - The toll revenue forecast indicates a specific financial outlook for the company in the near future [1]

Investment Rating - The report rates the transportation industry as "Outperform" [2] Core Views - The report highlights a slowdown in holiday shipments and a decline in crude oil shipping rates, while container shipping rates for long-distance routes have rebounded [3][14] - Shenzhen has introduced detailed policies to support low-altitude economic development, and international flight routes have resumed during the 2025 National Day and Mid-Autumn Festival holidays [3][16] - China's express delivery volume reached 150 billion packages ahead of schedule, with strategic cooperation agreements signed between YTO Express and Huizhou [3][23] Summary by Sections Industry Hotspot Events - Holiday shipments have slowed, leading to a drop in crude oil shipping rates, while container shipping rates for long-distance routes have rebounded. The China Import Crude Oil Comprehensive Index (CTFI) was reported at 1407.48 points, down 26.2% from September 25 [3][14] - Shenzhen's transportation bureau released measures to support low-altitude economic development, effective from October 9, 2025, to December 31, 2026. During the holiday, civil aviation transported 19.138 million passengers, with an average of 2.392 million passengers per day, a year-on-year increase of 3.2% [3][16][18] - As of October 11, 2025, China's express delivery volume surpassed 150 billion packages, achieving this goal 37 days ahead of schedule compared to 2024. A strategic cooperation agreement was signed between the Huizhou government and YTO Express [3][23][24] Industry High-Frequency Data Tracking - The Baltic Air Freight Price Index increased month-on-month but decreased year-on-year. The Shanghai outbound air freight price index was reported at 4621.00 points, down 5.3% year-on-year but up 1.3% month-on-month [28] - In September 2025, domestic cargo flights increased by 3.05% year-on-year, while international flights rose by 15.86% year-on-year [33] - The SCFI index for container shipping was reported at 1160.42 points, up 4.12% week-on-week but down 43.74% year-on-year [40] Investment Recommendations - The report suggests focusing on the equipment and manufacturing industrial product export chain, recommending companies such as COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [4] - It also highlights investment opportunities in the low-altitude economy, recommending CITIC Offshore Helicopter [4] - The report advises attention to the road and rail sector, recommending companies like Gansu Expressway, Beijing-Shanghai High-Speed Railway, and Anhui Expressway [4][5]

Market Overview - On October 13, the Henan state-owned enterprise reform sector declined by 0.17% compared to the previous trading day, with Yicheng New Energy leading the decline [1] - The Shanghai Composite Index closed at 3889.5, down 0.19%, while the Shenzhen Component Index closed at 13231.47, down 0.93% [1] Stock Performance - The top-performing stock in the Henan state-owned enterprise reform sector was Yuguang Jinchang, which rose by 10.04% to a closing price of 14.58, with a trading volume of 1.1053 million shares and a transaction value of 1.537 billion [1] - Other notable performers included Dayou Energy, which increased by 4.41% to 4.50, and Zhongyuan Media, which rose by 1.41% to 12.19 [1] - Conversely, Yicheng New Energy led the decline with a drop of 5.30% to 5.18, followed by Xinxiang Chemical Fiber, which fell by 3.75% to 4.36 [2] Capital Flow Analysis - The Henan state-owned enterprise reform sector experienced a net outflow of 70.4391 million yuan from institutional investors, while retail investors saw a net inflow of 98.8848 million yuan [2] - The capital flow data indicates that Yuguang Jinchang had a net inflow of 165 million yuan from institutional investors, while it faced a net outflow of 101 million yuan from speculative funds [3] - Zhongyuan Media also saw a net inflow of 15.1455 million yuan from institutional investors, despite a net outflow from speculative funds [3]

Core Viewpoint - The railway and highway sector experienced a rise of 0.88% on October 10, with Dongguan Holdings leading the gains, while the overall stock market indices saw declines [1][3]. Group 1: Market Performance - On October 10, the Shanghai Composite Index closed at 3897.03, down 0.94%, and the Shenzhen Component Index closed at 13355.42, down 2.7% [1]. - The railway and highway sector stocks showed varied performance, with Dongguan Holdings closing at 12.01, up 5.35%, and other notable gainers including Ninghu Highway and Fulian Yuanye [1]. Group 2: Stock Details - Key stocks in the railway and highway sector included: - Dongguan Holdings (000828): Closed at 12.01, up 5.35%, with a trading volume of 243,600 shares and a transaction value of 291 million yuan [1]. - Ninghu Highway (600377): Closed at 12.92, up 3.19%, with a trading volume of 142,300 shares and a transaction value of 182 million yuan [1]. - Fulian Yuanye (002357): Closed at 10.28, up 2.80%, with a trading volume of 280,900 shares and a transaction value of 299 million yuan [1]. Group 3: Capital Flow - The railway and highway sector saw a net inflow of 42.37 million yuan from main funds, while retail funds experienced a net outflow of 73.74 million yuan, and individual investors contributed a net inflow of 31.37 million yuan [3].