Group 1 - The company announced a cash dividend of 0.42 yuan per share (including tax) for the year 2024 [2] - The record date for the dividend is set for August 4, 2025, and the ex-dividend date is August 5, 2025 [2]

南财智讯7月29日电，山东高速公告，公司决定每股派发现金红利0.42元（含税），总金额20.31亿元。 股权登记日为2025年8月4日，除权（息）日及现金红利发放日均为2025年8月5日。分红对象为截至股权 登记日下午上海证券交易所收市后登记在册的全体股东。对于个人股东、QFII、沪股通投资者及法人股 东的扣税情况进行了详细说明。 ...

证券代码：600350 证券简称：山东高速 公告编号：2025-057 山东高速股份有限公司 每股分配比例 A 股每股现金红利0.42元（含税） 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 | 2025/8/4 | － | 2025/8/5 | 2025/8/5 | 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 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。 重要内容提示： 本次利润分配方案经公司2025 年 6 月 6 日的2024年年度股东大会审议通过。 二、 分配方案 1. 发放年度：2024年年度 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4,834 ...

Core Viewpoint - Shandong Hi-Speed has experienced a decline for six consecutive trading days, with a cumulative drop of -4.58% [1] Group 1: Company Overview - Shandong Hi-Speed Co., Ltd. was established in 1999 and is controlled by Shandong Hi-Speed Group Co., Ltd. It was listed on the Shanghai Stock Exchange in March 2002 [1] - The company has seen two funds from Huatai-PineBridge enter its top ten shareholders, indicating interest from institutional investors [1] Group 2: Fund Performance - Huatai-PineBridge's Shanghai Stock Exchange Dividend ETF has increased its holdings in Shandong Hi-Speed in the second quarter of this year, achieving a year-to-date return of 3.06%, ranking 3100 out of 3422 in its category [1] - The Huatai-PineBridge CSI Dividend Low Volatility ETF also increased its holdings, with a year-to-date return of 6.55%, ranking 2116 out of 2937 in its category [1]

Group 1 - The Qilin project has successfully completed the left span of the Tuhai River Bridge, marking a significant milestone in the construction of the Jinan to Linqing Expressway [5] - The bridge spans 1,067 meters and utilizes a wave-shaped steel web prestressed concrete continuous beam structure, overcoming multiple technical challenges during construction [3] - The project has implemented innovative asynchronous parallel hanging basket technology, reducing construction time by 45 days and decreasing the bridge's weight by 17% through the use of wave-shaped steel web technology [3] Group 2 - The project has achieved a 100% construction quality rate for 126 segments by employing advanced detection technologies such as ray detection and 3D scanning [3] - The Qilin project is part of Shandong Province's "14th Five-Year Plan" key transportation projects, with a total length of 57.1 kilometers and designed as a dual four-lane expressway [8] - Upon completion, the expressway will connect with the De-Shang Expressway and Ji-Liao Expressway, enhancing the economic influence of the provincial capital and promoting regional economic development [8] Group 3 - The project has established a comprehensive safety risk prevention system, achieving a "zero accident" goal during construction through the use of an intelligent monitoring system for safety hazards [6] - The project has received several accolades, including one provincial-level construction method, three provincial and ministerial-level QC achievements, and eight patents [3]

Investment Rating - The transportation sector has shown a positive trend with a 3.2% increase in the transportation index, outperforming the Shanghai Composite Index by 1.5% during the week of July 19-25, 2025 [1][12]. Core Insights - The transportation sector's fund holdings increased to 32.5 billion yuan, a 17.0% rise compared to the previous quarter, with a market share of 1.95% [2]. - The express delivery segment saw a significant year-on-year growth of 15.8% in June, with SF Express leading the growth [2]. - The logistics sector is under pressure, particularly in hazardous materials logistics, but there is a push towards smart logistics, with Hai Chen Co. being recommended [3]. - The aviation sector is experiencing a steady recovery, with a 3% increase in domestic passenger volume in June compared to the previous year [4]. - The shipping sector is stabilizing, with the Baltic Dry Index (BDI) increasing by 10.9% week-on-week, indicating a positive trend in dry bulk shipping [5][34]. Summary by Sections Transportation Market Review - The transportation index rose by 3.2%, with the airport sector showing the highest increase of 5.6% [1][12]. Industry Fundamentals Tracking Shipping and Ports - The export container freight index (CCFI) was 1261.35 points, down 3.2% week-on-week and down 40.9% year-on-year [20]. - The domestic container freight index (PDCI) increased by 1.1% week-on-week, indicating a slight recovery in domestic shipping [28]. Aviation and Airports - The average daily flights reached 16,945, a 3.68% increase year-on-year, with domestic flights up by 2.51% [4]. - The introduction of a new ticket purchasing feature on the airline service platform is expected to enhance customer experience [4]. Rail and Road - National highway freight traffic increased by 0.67% week-on-week, with a year-on-year increase of 2.01% [6][76]. - The railway passenger volume in June was 373 million, a 3.61% increase year-on-year [73]. Express Delivery - The express delivery business volume reached 16.87 billion pieces in June, with a notable increase in the market share of SF Express [2][44].

Core Insights - Shandong provincial state-owned enterprises (SOEs) reported strong performance in the first half of 2025, leading in revenue, total assets, and equity among 32 provincial state-owned enterprises in China, excluding municipalities [2] - The total revenue and total assets of Shandong SOEs continued to grow, with 15 enterprises achieving year-on-year revenue growth, and 22 enterprises reporting asset growth [2][4] - The profit total for Shandong SOEs reached 496.9 billion yuan, with 16 enterprises either increasing profits or reducing losses, indicating a significant recovery trend [2][3] Revenue and Asset Growth - In the first half of 2025, Shandong SOEs achieved a total revenue of 1002 billion yuan, with notable growth from companies like Shandong Gold and Inspur Group, which saw revenue increases of over 5% [2] - The total assets of 22 enterprises grew year-on-year, with 12 of them, including Hualu Group and Shandong Iron Investment, also experiencing growth rates exceeding 5% [2] Profitability and Cash Flow - Key enterprises such as Shandong Heavy Industry and Shandong Expressway reported profit totals of 149.7 billion yuan and 101.5 billion yuan, respectively, with year-on-year growth rates of 6.9% and 5.6% [2] - The net cash flow from operating activities for Shandong SOEs was 554 billion yuan, reflecting a year-on-year increase of 7.9%, indicating improved self-sustainability [2] Innovation and R&D Investment - Shandong SOEs invested 203.6 billion yuan in R&D, focusing on sectors like machinery manufacturing and information technology, with new product revenue reaching 1126.1 billion yuan, a year-on-year increase of 11.7% [4] - The provincial government has increased the weight of technology innovation in performance assessments from 12.5% to 33%, emphasizing the importance of innovation in corporate strategy [3] Market Expansion and Investment - Despite global market challenges, Shandong SOEs optimized their overseas market strategies, achieving export revenue of 607.3 billion yuan [4] - Fixed asset investment by Shandong SOEs totaled 719.3 billion yuan, with significant contributions from companies like Shandong Expressway and Shandong Iron Investment, which each invested over 100 billion yuan [4]

Core Insights - Shandong state-owned enterprises ranked first in total revenue, total assets, and owner's equity among 32 provincial state-owned enterprises in China, excluding municipalities, while ranking second in total profit and net profit, indicating strong economic performance [1] Group 1: Economic Performance - In the first half of 2025, Shandong state-owned enterprises experienced steady growth in economic scale, with total revenue and total assets both increasing. In Q2, total assets and revenue grew by over 7% and 6%, respectively [2] - The total profit achieved by state-owned enterprises reached 49.69 billion yuan, with 16 enterprises reporting profit growth or reduced losses. Notably, 14 enterprises, including Shandong Gold and Shandong Expressway, saw profit growth exceeding 5% [2] - The net cash flow from operating activities for state-owned enterprises was 55.4 billion yuan, reflecting a year-on-year increase of 7.9%, indicating improved operational efficiency and self-sustainability [2] Group 2: Market Expansion and R&D - Despite global market tightening, Shandong state-owned enterprises enhanced their overseas market presence, achieving export revenue of 60.73 billion yuan [2] - R&D investment totaled 20.36 billion yuan, primarily directed towards machinery manufacturing, information technology, and transportation sectors. Revenue from new products reached 152.19 billion yuan, marking a 55.5% year-on-year increase, while new product output value was 112.61 billion yuan, up 11.7% [2] Group 3: Investment and Social Contribution - Fixed asset investment by state-owned enterprises accelerated to 71.93 billion yuan, reflecting a year-on-year growth of 2.1% [3] - The industrial output value of state-owned enterprises was 537.56 billion yuan, with a year-on-year growth of 14.5%, and industrial sales value reached 536.16 billion yuan, up 12.6%, contributing significantly to the stability of the provincial industrial economy [3]

Core Points - The G3 Jing-Tai Expressway will undergo temporary traffic control due to construction work at the Huaiyin Hub, aimed at preventing traffic accidents and ensuring public safety [1] - The traffic control will be in effect from July 28, 2025, to August 12, 2025, with specific closures for different directions [1] - Alternative routes have been provided for drivers to navigate around the construction area [2][3] Traffic Control Details - From July 28, 2025, 5:00 AM to August 11, 2025, 5:00 AM, the northbound exit ramp at Huaiyin Hub will be closed [1] - From August 11, 2025, 5:00 AM to August 12, 2025, 5:00 AM, the eastbound exit ramp will be closed [1] - Drivers are advised to plan their routes in advance and consider alternative paths to minimize inconvenience [1] Alternative Routes - High-speed detour: Directly proceed through Huaiyin Hub, make a U-turn at the National Medical Center toll station, and head towards the Beijing direction on the Jing-Tai Expressway [2] - Local road detours include exiting at Qi River Ecological City toll station and using G309 National Road or G308 National Road to reach the Tianqiao toll station [2][3]

证券代码：600350 证券简称：山东高速 公告编号：2025-056 山东高速股份有限公司 关于股份回购实施结果暨股份变动的公告 份的回购报告书》（公告编号：2025-049）。 二、 回购实施情况 的公告》(公告编号：2025-054)。 累计回购公司股份 18,849,280 股， 占公司目前总股本的 0.39%，回购最高价格为 为人民币 200,003,509 元 (不含交易费用)。 公司本次回购股份符合相关法律法规的规定及公司回购股份方案的要求。本 次回购方案实际执行情况与已披露的回购方案不存在差异，公司已按披露的方案 完成回购。 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： 回购方案首次披露日 2025/4/30，由董事长提议 回购方案实施期限 2025 年 6 月 6 日~2026 年 6 月 5 日 预计回购金额 2亿元~3亿元 回购价格上限 15.45元/股 √减少注册资本 回购用途 □用于员工持股计划或股权激励 □为维护公司价值及股东权益 实际回购股数 18,849,280股 实际回购股数 ...