Group 1 - The railway and highway sector increased by 1.47% on January 20, with Shandong Expressway leading the gains [1] - The Shanghai Composite Index closed at 4113.65, down 0.01%, while the Shenzhen Component Index closed at 14155.63, down 0.97% [1] - Key stocks in the railway and highway sector showed various performance, with Shandong Expressway closing at 10.18, up 3.98%, and Guangdong Expressway A at 11.73, up 2.53% [1] Group 2 - The railway and highway sector saw a net inflow of 72.14 million yuan from main funds, while retail funds had a net inflow of 20.25 million yuan [2] - Major stocks like Beijing-Shanghai High-Speed Railway experienced a significant net outflow of 761 million yuan from speculative funds [3] - Shandong Expressway had a net inflow of 6.83 million yuan from main funds, indicating a mixed sentiment among investors [3]

Core Viewpoint - Shandong Expressway has shown a positive stock performance with a year-to-date increase of 2.46% and a market capitalization of 48.297 billion yuan as of January 20, 2025 [1] Group 1: Stock Performance - On January 20, Shandong Expressway's stock price increased by 2.04%, reaching 9.99 yuan per share, with a trading volume of 75.759 million yuan and a turnover rate of 0.16% [1] - The stock has experienced a 3.42% increase over the last five trading days, a 6.62% increase over the last twenty days, and a 7.19% increase over the last sixty days [1] Group 2: Company Overview - Shandong Expressway, established on November 16, 1999, and listed on March 18, 2002, is based in Jinan, Shandong Province, and focuses on investment, management, maintenance, and consulting services for high-grade highways, bridges, and tunnels [2] - The company's main revenue sources include toll fees from Shandong Province (34.86%), electromechanical engineering construction (12.41%), and sales of goods (11.90%) among others [2] - As of September 30, 2025, the company had 44,900 shareholders, an increase of 32.40% from the previous period, with an average of 107,614 circulating shares per shareholder, a decrease of 24.77% [2] Group 3: Financial Performance - For the period from January to September 2025, Shandong Expressway reported an operating income of 16.841 billion yuan, a year-on-year decrease of 15.38%, while the net profit attributable to shareholders increased by 4.11% to 2.619 billion yuan [2] - The company has distributed a total of 21.739 billion yuan in dividends since its A-share listing, with 5.994 billion yuan distributed over the last three years [3] Group 4: Institutional Holdings - As of September 30, 2025, the top ten circulating shareholders include Huatai-PB SSE Dividend ETF, which holds 38.0671 million shares, an increase of 2.0958 million shares from the previous period [3] - Other significant shareholders include Hong Kong Central Clearing Limited, which reduced its holdings by 4.0715 million shares [3]

Group 1 - The company held its 24th meeting of the 10th Board of Directors on January 19, 2026, with all 9 directors present, confirming compliance with legal and regulatory requirements [2][4] - The Board approved the proposal for estimated daily related transactions for 2026, which will involve transactions with the controlling shareholder, Shandong High-Speed Group Co., Ltd., and its subsidiaries [3][36] - The estimated total amount for daily related transactions in 2026 is approximately 1,918.82 million yuan, compared to 2,495.98 million yuan for the same period in 2025 [36] Group 2 - The Board also approved the proposal to hold the first extraordinary shareholders' meeting of 2026 on February 4, 2026 [9][12] - The meeting will be conducted both in-person and via online voting, with specific time slots for each voting method [13][14] - Shareholders must register for the meeting by January 29, 2026, to be eligible to attend and vote [15][21] Group 3 - The company has established a framework for related transactions, including labor services, procurement of materials, and financial services, ensuring fair pricing based on market conditions [41][43] - The independent directors unanimously approved the related transaction proposal, affirming that it will not harm the interests of the company or minority shareholders [45]

Core Points - A passenger lost a suitcase containing gold jewelry worth over 100,000 yuan during a bus trip on the Qinglan Expressway [3] - The suitcase fell out of the bus and was discovered at the Wangtai South service area, prompting the passenger to urgently seek help from staff [3] - Staff from Shandong Highway Qingdao Development Co., including Chen Jiayuan and Lian Jinsong, quickly located the suitcase within five minutes [3] Company and Industry Insights - The incident highlights the importance of proper luggage handling and security measures during travel on highways [5] - The quick response from highway staff demonstrates effective customer service and operational efficiency in the transportation sector [3][5] - The situation serves as a reminder for passengers to ensure that luggage compartments are securely closed to prevent loss [5]

Market Overview - On January 16, the railway and highway sector declined by 0.85% compared to the previous trading day, with Jinjiang Online leading the decline [1] - The Shanghai Composite Index closed at 4101.91, down 0.26%, while the Shenzhen Component Index closed at 14281.08, down 0.18% [1] Stock Performance - Notable gainers in the railway and highway sector included: - Fulin Yuanye (002357) with a closing price of 12.40, up 6.35% on a trading volume of 224,800 shares and a transaction value of 277 million yuan [1] - Chongqing Road and Bridge (600106) closed at 6.67, up 2.14% with a trading volume of 395,600 shares and a transaction value of 263 million yuan [1] - Conversely, Jinjiang Online (600650) saw a significant drop of 4.03%, closing at 16.43 with a trading volume of 354,100 shares and a transaction value of 591 million yuan [2] Capital Flow - The railway and highway sector experienced a net outflow of 239 million yuan from institutional investors, while retail investors saw a net inflow of 249 million yuan [2] - The overall retail investor net outflow was approximately 989,690 yuan [2] Individual Stock Capital Flow - Key stocks with significant capital flow included: - Beijing-Shanghai High-Speed Railway (601816) with a net inflow of 59.52 million yuan from institutional investors, but a net outflow of 11.5 million yuan from retail investors [3] - Chongqing Road and Bridge (600106) had a net inflow of 42.05 million yuan from institutional investors, but a net outflow of 24.59 million yuan from retail investors [3] - Fulin Yuanye (002357) reported a net inflow of 11.80 million yuan from institutional investors, while retail investors experienced a net outflow of 13.11 million yuan [3]

证券代码：600350 证券简称：山东高速 编号：2026-001 山东高速股份有限公司 | 有效申购家数 | 4 | 有效申购金额 | 56,000 万元 | | --- | --- | --- | --- | | 簿记管理人 | | 招商银行股份有限公司 | | | 主承销商 | | 招商银行股份有限公司 | | | 联席主承销商 | | 中国光大银行股份有限公司 | | 特此公告。 山东高速股份有限公司董事会 2026 年 1 月 17 日 本公司董事会及全体董事保证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。 经 2024 年 5 月 9 日召开的公司 2023 年年度股东大会审议批准，公司按照中 国银行间市场交易商协会（下称"交易商协会"）的相关规定，向交易商协会申 请统一注册非金融企业债务融资工具，具体包括超短期融资券、短期融资券、中 期票据（含长期限含权中期票据）、PPN（非公开定向债务融资工具）和 ABN（资 产支持票据）等，在中国银行间市场交易商协会注册有效期内一次或择机分期发 行。（相关决议公告详见《中国证券报》《上海证券报》《证券 ...

Core Viewpoint - The company Shanda Diwei is undergoing significant changes, including a change in its controlling shareholder to Shandong High-speed Group and a proposed name change to Diwei Intelligent Technology Co., Ltd. This transition aims to enhance its business scope and leverage resources from its new parent company [3][4]. Group 1: Shareholder and Control Changes - In November 2025, Shanda Diwei's controlling shareholder will change from Shandong Shanda Capital Operation Co., Ltd. to Shandong High-speed Group, with the actual controller shifting from Shandong University to the Shandong Provincial State-owned Assets Supervision and Administration Commission [3]. - The company plans to change its name to Diwei Intelligent Technology Co., Ltd. and its stock abbreviation to Diwei Intelligent [3]. Group 2: Business Scope and Financial Performance - Shanda Diwei intends to expand its business scope to include information system integration services, blockchain technology-related software and services, data processing and storage support services, and internet data services [3]. - For the first three quarters of 2025, Shanda Diwei reported revenue of 326 million yuan, a year-on-year decrease of 0.89%, while net profit attributable to shareholders was 31.52 million yuan, an increase of 1.30% [3]. Group 3: Strategic Partnerships and Transactions - Following the transfer to Shandong High-speed Group, Shanda Diwei is expected to leverage the latter's resources to gain entry into transportation sector scenarios [4]. - The company anticipates selling products and services worth 70 million yuan to Shandong High-speed Group and its affiliates in 2026, which would account for 97.75% of similar business transactions [4]. Group 4: Board of Directors and Governance - The board of directors' election announcement indicates the nomination of several candidates with backgrounds in Shandong High-speed Group for the fifth board of directors [6]. - The company will hold its first extraordinary shareholders' meeting of 2026 on February 6, 2026, to review related proposals [8]. Group 5: Financial Management - Shanda Diwei plans to utilize up to 300 million yuan of temporarily idle funds for cash management over a 12-month period [7].

2025年，上合示范区中欧班列再交亮眼答卷。1月12日，记者从上合示范区管委会获悉，2025年全年， 上合示范区到发中欧班列1225列、进出口货物84万吨，班列开行量和货运量均增长超两成，创历史同期 新高。 日前，两列由山东高速集团统筹运营的山东中欧班列"日韩陆海快线"从上合示范区多式联运中心发出。 班列满载商品车、轮胎、空调零配件等货物，经韩国的仁川港启运后海运至黄岛港，卸船后由胶黄班列 集结在此发运，将经霍尔果斯口岸出境，预计7天后抵达山东中欧班列哈萨克斯坦阿拉木图集结中心。 纵横延伸的铁路网络，昼夜不息的滚滚车轮是上合示范区中欧班列高质量发展的缩影。截至目前，上合 示范区已常态化开行22条国际班列线路，通达上合组织和共建"一带一路"23个国家54个城市，构建起东 联日韩、西接欧亚、北达蒙俄、南至东盟的国际物流通道，累计到发中欧班列超5400列，常态化开行家 电、轮胎、商品车、粮食等特色专列，并为海尔、海信、玲珑、奇瑞等企业开行定制化供应链专列，服 务外贸企业超7000家。 山东高速集团推出的山东中欧班列"日韩陆海快线"被誉为连接中日韩市场的"海上高速公路"，该线路以 上合示范区为连接点，延伸覆盖大阪、名 ...

近日，塞尔维亚受持续低温、强降雪等极端天气影响，多地遭遇电力中断，严重影响了当地居民的正常生活。面对突如其来的自然灾害，山东高速集团权 属单位国际合作公司欧洲公司第一时间响应塞尔维亚政府的援助倡议，紧急调配一台大功率发电机并迅速运抵受灾严重的瓦列沃市，为保障当地关键民生 设施与居民基本用电需求提供了有力支持。 据悉，瓦列沃市部分区域因暴雪导致电网瘫痪，约有8400户家庭停电。集团的援助有效缓解了当地应急供电压力。塞尔维亚总理马楚特对集团的紧急驰援 给予了高度赞赏，表示山东高速集团是第一家响应政府倡议并提供援助的企业。 （大众新闻记者 范薇） 山东高速集团进入塞尔维亚市场15年来，不断深化属地化发展，深度参与当地基础设施建设，承建了包括贝尔格莱德中国文化中心大厦、E763高速公 路、瓦列沃快速路等多个标志性项目。在助力当地经济发展的同时，集团积极履行企业社会责任，在当地疫情、洪灾等突发事件中伸出援手，赢得了当地 政府和民众的广泛赞誉。 此次雪中送炭的援助行动，再次彰显了集团的国际担当与人文关怀。下一步，集团将继续加强与塞尔维亚社会各界的沟通与协作，在开展业务的同时积极 参与当地公益活动，为促进中塞友谊、增进民生 ...

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]