Group 1 - The core point of the article is the official signing of "Little Giant" Zhang Ziyu by Shandong High-speed Basketball Club, who will represent the team in the upcoming WCBA league and other events after the December registration window [1] Group 2 - Zhang Ziyu, born in May 2007, stands at 2.26 meters tall and plays as a center [1] - She had an impressive performance in the 2024 U18 Women's Basketball Asian Cup, scoring 42 points and grabbing 14 rebounds in the final, earning the MVP title [1] - In her senior debut at the 2025 Women's Basketball Asian Cup, she averaged 15.6 points and 5.6 rebounds, helping the Chinese team secure third place [1] Group 3 - In the recent finals of the 15th National Games for the U18 women's basketball category, Zhang Ziyu scored 31 points on 13 of 15 shooting, leading Shandong to a 96-73 victory over Jiangsu and winning the gold medal [1] Group 4 - The Shandong High-speed Basketball Club plans to deepen its "local star cultivation program" and continue to improve its youth training system, aiming to create a positive cycle of "old guiding new, new promoting excellence" to advance the development of Shandong basketball [1]

证券代码：600350 证券简称：山东高速 公告编号：2025-082 山东高速股份有限公司 关于公司及子公司提供担保的进展公告 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 子公司对外担保总额（万元） | 1,830,180.00 | | 对外担保总额占上市公司最近一 期经审计净资产的比例（%） | 42.28 | | 100% 特别风险提示 | □对外担保总额超过最近一期经审计净资产 | | | □担保金额超过上市公司最近一期经审计净 | | 资产 | 50% | | | □对合并报表外单位担保金额达到或超过最 | | | 近一期经审计净资产 30%的情况下 | | | □对资产负债率超过 70%的单位提供担保 | | 其他风险提示 无 | | 一、担保情况概述 （一）担保的基本情况 为满足山东高速股份有限公司（以下简称"公司"）合并报表范围内子公司 的日常生产经营及业务发展需要，公司控股子公司齐鲁高速公路股份有限公司 （以下简称"齐鲁高速"）于 2025 年 11 月 21 日与招商银行股份有限公司济南 分行签订《最高额不可撤 ...

Investment Rating - The transportation industry is rated as "Outperform" [2] Core Insights - The report highlights an upward trend in crude oil freight rates, with the China Import Crude Oil Index (CTFI) reaching 2520.07 points, an increase of 8.4% from November 20 [3][13] - The postal industry revenue surpassed the telecommunications industry for the first time in history, reaching 1.47 trillion yuan, compared to 1.467 trillion yuan for telecommunications [3][24] - The civil aviation sector showed growth in both passenger and cargo transport volumes in October, with international routes performing particularly well [3][17] Summary by Sections Industry Hot Events - Crude oil freight rates are rising, with the Middle East route seeing a 10.76% increase in rates [13] - Qifly Aviation signed a procurement agreement for 105 eVTOL aircraft with three companies in the Guangdong-Hong Kong-Macao Greater Bay Area, focusing on low-altitude logistics [15][16] - The postal industry revenue for January to October 2025 reached 1.47 trillion yuan, marking a significant milestone [24][25] High-Frequency Data Tracking - The Baltic Air Freight Price Index decreased month-on-month but increased year-on-year [26] - Domestic freight flights in October 2025 increased by 0.32% year-on-year, while international flights rose by 11.12% [32] - The express delivery business volume in October 2025 increased by 7.90% year-on-year, with total revenue reaching 131.67 billion yuan [50] Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping and China Merchants Energy [5] - Attention to low-altitude economy investment opportunities, particularly in companies like CITIC Offshore Helicopter [5] - Consider investment opportunities in the express delivery sector, recommending SF Express and Jitu Express [5]

经济导报记者 杨佳琪 公开资料显示，通汇集团注册资本13亿元，主要从事以自有资金从事投资活动、企业管理咨询、科技中 介服务、计算机系统服务等。通汇集团是山东高速控股股东山东高速集团有限公司的控股子公司，且山 东高速董事梁占海同时担任通汇集团董事，为公司关联方。 据悉，此次转让的股份是2020年通过协议转让方式获得。2020年7月3日，亚东复星亚联与山东高速签署 《股份转让协议》，约定以协议转让方式，将其持有的粤高速A无限售流通股2.02亿股股票（约占其总 股本的9.68%）转让给投资公司。 从交易后股权结构来看，广东省交通集团有限公司为粤高速A大股东，持股24.56%；其次是广东省公路 建设有限公司，持股22.30%；通汇集团将成为粤高速A第三大股东，持股9.68%；其余股东均在5%以 下。 山东高速表示，本次交易所得资金将用于支持公司核心主业发展，助力公司动态管理投资组合，优化资 产结构，符合公司聚焦主责主业的长期战略方向。 公告显示，过去12个月内，山东高速与山东高速集团及其子公司发生关联交易2次（不含本次），涉及 金额70967.15万元。 2024年12月，山东高速控股子公司山东高速信息集团有限公司拟 ...

Group 1 - Shandong High-Speed (600350) announced the transfer of a 9.68% stake in Yuexiao A (000429) to Shandong Tonghui Capital Investment Group for 2.435 billion yuan, constituting a related party transaction but not a major asset restructuring [1][2] - The transaction involves 202 million shares of Yuexiao A with a book cost of 1.633 billion yuan, and the transfer price represents a 49.10% premium over the book value, set at 12.03 yuan per share [1] - The pricing adheres to regulations, ensuring fairness by considering the weighted average price over the last 30 trading days and the audited net asset value per share [1] Group 2 - Following the transaction, Tonghui Group will become the third-largest shareholder of Yuexiao A [2] - In the past 12 months, Shandong High-Speed and its controlling shareholder have engaged in three related party transactions totaling 3.145 billion yuan, with additional unaudited daily related transactions amounting to 3.122 million yuan [2] - The funds from this transaction will support the core business development of Shandong High-Speed and assist in optimizing its asset structure, aligning with the company's long-term strategic focus [2]

Group 1 - The core point of the article is that Shandong Hi-Speed (600350.SH) announced its wholly-owned subsidiary plans to transfer its 9.68% stake in Guangdong Expressway A, amounting to 202 million shares, to Tonghui Group for a transaction value of 2.435 billion yuan [1] - After the completion of this transaction, the investment company will no longer hold any shares in Guangdong Expressway A, and Tonghui Group will own 9.68% of the shares [1]

Group 1 - The core point of the article is that Shandong Hi-Speed (600350.SH) announced a plan to transfer its 9.68% stake in Guangdong Expressway A (000429.SZ), amounting to 202 million shares, to Tonghui Group for a transaction value of 2.435 billion yuan [1] - After the completion of this transaction, the investment company will no longer hold any shares in Guangdong Expressway A, and Tonghui Group will acquire the 9.68% stake [1] - The transaction reflects a strategic move by Shandong Hi-Speed to divest its holdings in Guangdong Expressway A [1]

Core Viewpoint - Shandong Hi-Speed (600350.SH) announced that its wholly-owned subsidiary, Shandong Hi-Speed Investment Development Co., Ltd., plans to transfer its 9.68% stake in Guangdong Expressway A (000429.SZ), amounting to 202 million shares, to Tonghui Group through a private agreement for a transaction value of 2.435 billion yuan [1] Group 1 - The transaction will result in Shandong Hi-Speed Investment Development Co., Ltd. no longer holding any shares in Guangdong Expressway A [1] - After the completion of the transaction, Tonghui Group will hold a 9.68% stake in Guangdong Expressway A [1]

山东高速股份有限公司关于全资子公司出售资产 暨关联交易的公告 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法律责任。 重要内容提示： 交易简要内容：山东高速股份有限公司（以下简称"公司"）全资子公司 山东高速投资发展有限公司（以下简称"投资公司"）拟通过非公开协议转让方 式将其持有的广东省高速公路发展股份有限公司（以下简称"粤高速 A"，股票 代码：000429）9.68%股权，202,429,927 股股票转让给山东通汇资本投资集团 有限公司（以下简称"通汇集团"），交易金额为 24.35 亿元。 本次交易构成关联交易 证券代码：600350 证券简称：山东高速 公告编号：2025-080 本次交易不构成重大资产重组 本次关联交易已经公司第六届董事会第八十一次会议审议通过，尚需 提交公司股东会审议，尚需有权国有资产监督管理部门或其授权的国家出资 企业批准，且尚需经过深圳证券交易所合规性确认，并在中国证券登记结算 有限责任公司深圳分公司办理过户登记等手续。 截至本公告披露日，过去 12 个月内，除日常关联交易外，公司与同 一关联人公司 ...

证券代码：600350 证券简称：山东高速 公告编号：2025-081 山东高速股份有限公司 关于召开2025年第四次临时股东会的通知 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： 一、 召开会议的基本情况 (一) 股东会类型和届次 2025年第四次临时股东会 召开的日期时间：2025 年 12 月 15 日 14 点 00 分 召开地点：山东省济南市奥体中路 5006 号公司 22 楼会议室 (五) 网络投票的系统、起止日期和投票时间。 股东会召开日期：2025年12月15日 本次股东会采用的网络投票系统：上海证券交易所股东会网络投票系统 (二) 股东会召集人：董事会 (三) 投票方式：本次股东会所采用的表决方式是现场投票和网络投票相结合 的方式 (四) 现场会议召开的日期、时间和地点 网络投票系统：上海证券交易所股东会网络投票系统 网络投票起止时间：自2025 年 12 月 15 日 至2025 年 12 月 15 日 采用上海证券交易所网络投票系统，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 ...