Group 1 - The core point of the article is that Sichuan Chengyu (SH 601107) held its 39th meeting of the 8th board of directors on October 30, 2025, to discuss the preparation for the shareholders' meeting and other documents [1] - For the first half of 2025, Sichuan Chengyu's revenue composition is as follows: 55.1% from highway bridge management and maintenance, 26.19% from sales, 15.76% from highway bridge construction, 1.94% from BT project revenue, and 0.76% from leasing [1]

Core Viewpoint - Sichuan Chengyu Highway Co., Ltd. is a significant player in the transportation infrastructure sector in Sichuan Province, focusing on highway investment, construction, and operation, with a comprehensive industry chain advantage [1] Group 1: Business Performance - In Q3 2025, Sichuan Chengyu reported revenue of 6.086 billion yuan, ranking 4th among 20 companies in the industry, surpassing the industry average of 4.278 billion yuan and the median of 3.529 billion yuan, but below the top two companies, Shandong Highway at 16.841 billion yuan and Ninghu Highway at 12.981 billion yuan [2] - The revenue composition includes highway revenue of 2.942 billion yuan (71.29%), traffic service revenue of 1.024 billion yuan (24.83%), engineering construction revenue of 86.3972 million yuan (2.09%), new energy technology revenue of 49.3275 million yuan (1.20%), and traffic logistics revenue of 27.6172 million yuan (0.67%) [2] - The net profit for the same period was 1.36 billion yuan, ranking 8th in the industry, above the average of 1.282 billion yuan and the median of 893 million yuan, but below the top two companies, China Merchants Highway at 4.423 billion yuan and Ninghu Highway at 4.037 billion yuan [2] Group 2: Financial Ratios - As of Q3 2025, the company's debt-to-asset ratio was 66.38%, down from 71.63% year-on-year but higher than the industry average of 41.31% [3] - The gross profit margin for the same period was 39.34%, an increase from 33.86% year-on-year, but still below the industry average of 46.20% [3] Group 3: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 23.01% to 38,200, while the average number of circulating A-shares held per household increased by 29.89% to 56,600 [5] - The top ten circulating shareholders included Southern CSI 1000 ETF, which held 5.9378 million shares, a decrease of 91,300 shares from the previous period [5] Group 4: Future Outlook - The company is steadily advancing several highway expansion projects, including the Chengle Highway expansion (65% of estimated total investment completed), the Tianqiong Highway BOT project (42 km, opened in September 2024), and the Chengya Highway expansion project (estimated total investment of approximately 28.548 billion yuan) [5] - Forecasts for net profit from 2025 to 2027 are 1.56 billion yuan, 1.69 billion yuan, and 1.88 billion yuan, respectively, with a "buy" rating maintained [5] - Western Securities noted a slight decline in toll revenue but significant cost reduction effects leading to better profit growth, with an upward adjustment to a "buy" rating and projected earnings per share of 0.51 yuan, 0.51 yuan, and 0.52 yuan for 2025 to 2027 [6]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 四川成渝高速公路股份有限公司 Sichuan Expressway Company Limited* （在中華人民共和國註冊成立之股份有限公司） （股份編號：00107） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第13.10B條而作出。 茲載列四川成渝高速公路股份有限公司（「本公司」）在上海證券交易所網站發佈的 《四川成渝高速公路股份有限公司第八屆董事會第三十九次會議決議公告》《獨立 董事候選人聲明與承諾》及《獨立董事提名人聲明與承諾》，僅供參閱。 承董事會命 四川成渝高速公路股份有限公司 姚建成 執行董事兼公司秘書 中華人民共和國 • 四川省 • 成都市 二零二五年十月三十日 於本公告之日，董事會成員包括：執行董事羅祖義先生（董事長）、游志明先生 （副董事長）、馬永菡女士、姚建成先生及毛渝茸女士，非執行董事楊少軍先生 （副董事長）、李成勇先生及陳朝雄先生，獨立非執行董事余海宗先生、 ...

Core Viewpoint - Sichuan Chengyu Expressway (00107) announced the resignation of Ms. Bu Danlu as an independent non-executive director after serving for nearly six years, effective after the election of a new independent non-executive director at the shareholders' meeting [1] Group 1 - Ms. Bu Danlu will continue to fulfill her duties as an independent non-executive director and committee member until the new appointment is made [1] - Mr. Luo Hong has been nominated as a candidate for the eighth board of directors as an independent non-executive director [1]

Core Points - Sichuan Chengyu Expressway (00107.HK) announced that Bu Danlu will resign as an independent non-executive director after serving for nearly 6 years [1] - Bu Danlu's resignation will take effect after the election of a new independent non-executive director at the company's shareholders' meeting [1] - The board has nominated Luo Hong as a candidate for the eighth board of directors' independent non-executive director, pending approval at the shareholders' meeting [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 四川成渝高速公路股份有限公司 Sichuan Expressway Company Limited* （在中華人民共和國註冊成立之股份有限公司） （股份編號：00107） 有關高速公路聯網收費系統之持續關連交易 簽訂路網運行保障服務協議 茲提述本公司日期為2022年10月14日之公告，內容有關本公司與智能交通公司 （蜀道投資的附屬公司）簽訂原服務協議。 路網運行保障服務協議 本公司與智能交通公司於2025年10月30日簽訂路網運行保障服務協議，服務期 限從2026年1月1日至2028年12月31日止。除有關原服務協議的協議日期及部分 付款安排之外，路網運行保障服務協議乃複製自原服務協議安排，條款及條件 實質上與原服務協議安排相同。有關路網運行保障服務協議的進一步詳情，請 參閱本公告「路網運行保障服務協議」一節。 上市規則涵義 於本公告日期，蜀道投資為持有本公司約39.861%已發行股份的控股股東，而智 ...

Core Viewpoint - Sichuan Chengyu Expressway (00107) announced the resignation of Ms. Bu Danlu as an independent non-executive director after serving for nearly six years, effective after the election of a new independent non-executive director at the shareholders' meeting [1] Group 1 - Ms. Bu Danlu will continue to fulfill her duties as an independent non-executive director and committee member until the new appointment is effective, in accordance with relevant laws, regulations, and the company's articles of association [1] - Mr. Luo Hong has been nominated as a candidate for the eighth board of directors as an independent non-executive director [1]

Core Viewpoint - Sichuan Chengyu Expressway (00107) reported a decline in revenue for the first three quarters of 2025, while net profit showed an increase, indicating mixed financial performance [1] Financial Performance - Revenue for the first three quarters was approximately 6.086 billion yuan, representing a year-on-year decrease of 17.29% [1] - Net profit attributable to shareholders was around 1.3 billion yuan, reflecting a year-on-year increase of 15.78% [1] - Basic earnings per share stood at 0.4032 yuan [1]

Core Viewpoint - Sichuan Chengyu Expressway (00107.HK) reported a slight decrease in revenue for Q3 2025, while net profit showed a positive growth trend [1] Financial Performance - Revenue for Q3 2025 was approximately RMB 1.96 billion, representing a year-on-year decrease of 1.52% [1] - Net profit for Q3 2025 was around RMB 463 million, reflecting a year-on-year increase of 8.96% [1] - Basic earnings per share for Q3 2025 stood at RMB 0.1437 [1] Year-to-Date Performance - For the first three quarters of 2025, total revenue amounted to RMB 6.086 billion, which is a year-on-year decrease of 17.29% [1] - Net profit for the first three quarters reached RMB 1.299 billion, marking a year-on-year increase of 15.78% [1]

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 四川成渝高速公路股份有限公司 Sichuan Expressway Company Limited* （在中華人民共和國註冊成立之股份有限公司） （股份編號：00107） 持續關連交易 訂立施工工程及相關服務框架協議 獨立董事委員會及獨立股東之獨立財務顧問 茲提述本公司日期為2024年11月20日之公告及本公司日期為2024年12月17日之 通函，內容有關（其中包括）本公司與蜀道投資於2024年11月20日簽訂之前施工 工程框架協議。 施工工程及相關服務框架協議 鑒於本公司與蜀道投資簽訂之前施工工程框架協議將於2025年12月31日屆滿， 本公司與蜀道投資於2025年10月30日簽訂施工工程及相關服務框架協議。根據 該協議，自2026年1月1日起至2026年12月31日止期間，蜀道投資集團將向本集 團承包若干施工工程及相關服務。 本公司已成立獨立董事委員會（由全體獨立非執行董事組成），以考慮施工工程 及 ...