证券代码:600269 股票简称:赣粤高速 编号:临 2025-032 单位：元 | 昌九高速 | 92,147,842.01 | | --- | --- | | 昌樟高速 | 48,287,320.61 | | 昌泰高速 | 60,995,322.26 | | 九景高速 | 47,083,650.83 | | 彭湖高速 | 6,286,585.43 | | 温厚高速 | 7,669,092.10 | | 昌奉高速 | 10,605,490.91 | | 奉铜高速 | 7,629,949.20 | | 合计 | 280,705,253.35 | 公司2025年6月份车辆通行服务收入为280,705,253.35元。 2025 年 6 月份车辆通行服务收入一览表 江西赣粤高速公路股份有限公司 2025 年6 月份车辆通行服务收入数据公告 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。 上述数据未经审计，供投资者参考。自执行"营改增"政策后， 该通行服务收入中含增值税。 特此公告。 江西赣粤高速公路股份有限公司董事会 20 ...

经中国银行间市场交易商协会中市协注〔2024〕MTN317 号文注 册，本公司于 2025 年 7 月 9 日在中国银行间债券市场成功发行 2025 年度第一期中期票据（简称 25 赣粤 MTN001），发行规模为人民币 11 亿元，发行期限为 3 年，起息日为 2025 年 7 月 9 日，发行利率为 1.70%。 本次募集资金 11 亿元已于 2025 年 7 月 9 日划入公司指定账户。 证券代码:600269 股票简称:赣粤高速 编号:临2025-031 江西赣粤高速公路股份有限公司 关于 2025 年度第一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。 特此公告。 江西赣粤高速公路股份有限公司董事会 2025 年 7 月 11 日 ...

证券代码:600269 股票简称:赣粤高速 编号:临2025-030 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。 经中国银行间市场交易商协会中市协注〔2024〕SCP398 号文注 册，本公司在中国银行间债券市场成功发行 2025 年度第四期超短期 融资券（简称 25 赣粤 SCP004），发行规模为人民币 11 亿元，发行期 限为 270 日，起息日为 2025 年 7 月 8 日，发行利率为 1.55%。本次 募集资金 11 亿元已于 2025 年 7 月 8 日划入公司指定账户。 特此公告。 江西赣粤高速公路股份有限公司董事会 2025 年 7 月 10 日 江西赣粤高速公路股份有限公司 关于 2025 年度第四期超短期融资券 发行结果的公告 ...

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 report highlights the steady growth in highway traffic volume, with a focus on the valuation recovery of H-shares and the systemic revaluation of A-shares, recommending specific stocks such as Zhejiang Huhangyong, Wantong Expressway, and Ninghu Expressway [3][4][32] - The railway passenger transport sector is experiencing structural changes in customer demographics, leading to a stable growth outlook, with a shift in valuation logic from PE to DCF and EV/EBITDA [3][4][56] - The railway freight sector is benefiting from the transformation of logistics and adjustments in railway freight pricing policies, with steady growth in freight volume and turnover, although the growth rate remains low [3][4][75] Group 2 - The logistics industry is being empowered by AI, which enhances traffic efficiency through the integration of traffic data models and optimization algorithms, allowing leading companies to expand their market share [3][4][105] - The report notes that the number of vehicles in China has reached 353 million by 2024, reflecting a year-on-year growth of 10.31%, indicating a robust demand for transportation services [5][11] - The report discusses the ongoing digital transformation in the railway sector, aiming for comprehensive digitization and intelligent upgrades by 2027, which will enhance operational efficiency [107][108]

证券代码:600269 股票简称:赣粤高速 编号:临 2025-029 江西赣粤高速公路股份有限公司 2025 年5 月份车辆通行服务收入数据公告 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。 公司2025年5月份车辆通行服务收入为269,231,798.96元。 特此公告。 江西赣粤高速公路股份有限公司董事会 2025 年 6 月 13 日 2025 年 5 月份车辆通行服务收入一览表 单位：元 | 昌九高速 | 89,657,183.84 | | --- | --- | | 昌樟高速 | 46,452,737.58 | | 昌泰高速 | 59,582,551.99 | | 九景高速 | 43,910,467.66 | | 彭湖高速 | 5,908,509.52 | | 温厚高速 | 7,504,927.22 | | 昌奉高速 | 9,132,298.00 | | 奉铜高速 | 7,083,123.15 | | 合计 | 269,231,798.96 | 上述数据未经审计，供投资者参考。自执行"营改增"政策后， 该 ...

证券代码:600269 证券简称:赣粤高速 公告编号:临2025-028 江西赣粤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。 二、 分配方案 1. 发放年度：2024年年度 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 | 2025/5/29 | － | 2025/5/30 | 2025/5/30 | 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 5 月 7 日的2024年年度股东大会 审议通过。 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施前的公司总股本2,335,407,014 ...

Core Viewpoint - The future development trend of highways is towards intelligence and greenness, with the company aiming to leverage its advantages in highway assets, financing channels, and listing platforms to create value for society and shareholders [1] Group 1: Company Strategy - The company has been focusing on serving the public's travel needs and regional economic development since its listing 25 years ago, expanding into smart transportation and energy development [2] - The company is actively integrating into Jiangxi's development plans, promoting digital transformation and the development of emerging industries [2][3] - The company has established a diversified business layout that enhances brand influence while creating new growth points [2] Group 2: Financial Performance - The company achieved a revenue of 5.985 billion yuan and a net profit attributable to shareholders of 1.279 billion yuan in 2024, representing a year-on-year growth of 8.65% [4] - In the first quarter of 2025, the net profit attributable to shareholders reached 428 million yuan, a year-on-year increase of 9.52% [4] - The company has maintained an AAA credit rating for 15 consecutive years and has formed a long-term, efficient, and diversified capital financing system [5] Group 3: Innovation and Technology - The company has invested in digital software development to enhance the quality and efficiency of the entire highway operation process, with several platforms achieving domestic leading and international advanced levels [3] - Smart transportation products have been expanded to provinces outside Jiangxi and even overseas, showcasing the company's growing strength in this area [3] Group 4: Future Outlook - The company aims to deepen its dual-driven strategy of highway operation and capital operation, focusing on smart transportation, energy development, and financial investment as part of its multi-sector development strategy [6]

Core Viewpoint - Ganyue Expressway reported a decline in stock price and provided updates on revenue and financing activities, indicating ongoing operational developments and financial strategies [1][2][3] Group 1: Stock Performance - As of May 16, 2025, Ganyue Expressway's stock closed at 5.27 yuan, down 1.86% from the previous week [1] - The stock reached a weekly high of 5.38 yuan on May 12, 2025, and a low of 5.25 yuan on May 16, 2025 [1] - The company's total market capitalization is 12.308 billion yuan, ranking 13th out of 33 in the railway and highway sector and 1267th out of 5147 in the A-share market [1] Group 2: Revenue Updates - In April 2025, Ganyue Expressway's vehicle toll service revenue amounted to 27,673,713,822 yuan, with the following breakdown: - Changjiu Expressway: 9,181,713,282 yuan - Changzhang Expressway: 4,741,449,849 yuan - Changtai Expressway: 6,187,192,880 yuan - Jiujing Expressway: 4,519,769,639 yuan - Penghu Expressway: 618,286,702 yuan - Wenhou Expressway: 761,535,637 yuan - Changfeng Expressway: 941,932,387 yuan - Fengtong Expressway: 721,833,446 yuan [1] Group 3: Financing Activities - Ganyue Expressway successfully issued the third phase of its short-term financing bonds for 2025, with a total issuance size of 1 billion yuan and a maturity of 180 days [2] - The interest rate for the issued bonds is set at 1.53%, with the funds transferred to the company's designated account on May 13, 2025 [2]

证券代码:600269 股票简称:赣粤高速 编号:临2025-027 江西赣粤高速公路股份有限公司 关于 2025 年度第三期超短期融资券 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。 经中国银行间市场交易商协会中市协注〔2024〕SCP398 号文注 册，本公司在中国银行间债券市场成功发行 2025 年度第三期超短期 融资券（简称 25 赣粤 SCP003），发行规模为人民币 10 亿元，发行期 限为 180 日，起息日为 2025 年 5 月 13 日，发行利率为 1.53%。本次 募集资金 10 亿元已于 2025 年 5 月 13 日划入公司指定账户。 特此公告。 江西赣粤高速公路股份有限公司董事会 2025 年 5 月 15 日 ...