Core Viewpoint - Sichuan Chengyu Expressway (00107.HK) announced its successful bid for the Chengya Expressway expansion project, forming a joint venture with China Huaxi, Jiaojian Group, Luqiao Group, and Gaolu Information to manage the project [1] Group 1: Project Overview - The Chengya Expressway expansion project includes the expansion of the original Chengya Expressway and the construction of the new Lushan branch line [2] - The total length of the expansion project is 159.115 kilometers, with the original road expansion covering 134.748 kilometers and the Lushan branch line measuring 24.367 kilometers [2] Group 2: Strategic Importance - Chengya Expressway is a crucial part of China's national expressway network G5 and serves as a major transportation artery in the western development strategy, holding significant importance in both national and regional road networks [1] - The expressway, fully owned by the company's subsidiary, is the highest toll revenue-generating highway among the company's expressways, with a total length of 144.2 kilometers [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分內容而產生或因倚 賴該等內容而引致的任何損失承擔任何責任。 作為成雅高速擴容項目的一部分，成雅高速公司與中國華西於二零二五年十月 十七日就本項目的施工簽訂華西工程合同。 上市規則的涵義 由於華西工程合同項下擬進行交易的一項或多項適用百分比（定義見上市規則） 超過5%但均低於25%，故根據上市規則第14章，華西工程合同及其項下擬進行 之交易構成本公司之一項須予披露交易，須遵守上市規則第14章下之申報、公 告的規定。 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） 須予披露交易 有關成雅高速擴容項目之華西工程合同 茲提述本公司日期為2025年7月22日的公告及2025年7月25日之通函，內容有關 本公司與中國華西、交建集團、路橋集團和高路信息組成聯合體投標成雅高速 擴容項目，並成立合營公司成雅高速公司以負責成雅高速擴容項目的建設、運 營、管理、 ...

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分內容而產生或因倚 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） 須予披露交易 有關成雅高速擴容項目之華西工程合同 茲提述本公司日期為2025年7月22日的公告及2025年7月25日之通函，內容有關 本公司與中國華西、交建集團、路橋集團和高路信息組成聯合體投標成雅高速 擴容項目，並成立合營公司成雅高速公司以負責成雅高速擴容項目的建設、運 營、管理、移交等工作。目前，該聯合體已中標成雅高速擴容項目且成雅高速 公司已成立。 華西工程合同 作為成雅高速擴容項目的一部分，成雅高速公司與中國華西於二零二五年十月 十七日就本項目的施工簽訂華西工程合同。 上市規則的涵義 由於華西工程合同項下擬進行交易的一項或多項適用百分比（定義見上市規則） 超過5%但均低於25%，故根據上市規則第14章，華西工程合同及其項下擬進 ...

Market Overview - On October 16, the Shanghai Composite Index rose by 0.10%, with the total margin financing balance reaching 24,571.96 billion yuan, an increase of 77.75 billion yuan compared to the previous trading day [1] - The margin financing balance in the Shanghai market was 12,496.03 billion yuan, up by 15.61 billion yuan, while the Shenzhen market's balance was 12,000.31 billion yuan, increasing by 62.24 billion yuan [1] Industry Analysis - Among the industries tracked by Shenwan, 24 sectors saw an increase in financing balance, with the electronics sector leading, gaining 25.56 billion yuan, followed by power equipment and non-ferrous metals, which increased by 13.77 billion yuan and 10.50 billion yuan, respectively [1] Stock Performance - A total of 1,923 stocks experienced an increase in financing balance, accounting for 51.61% of the market, with 266 stocks showing an increase of over 5% [1] - The stock with the highest increase in financing balance was Fute Technology, which saw a balance of 1.57 billion yuan, up by 67.60%, and its stock price rose by 9.21% [1] - Other notable stocks included Tengda Technology and Matrix Co., with financing balance increases of 65.95% and 50.08%, respectively [1] Top Gainers and Losers - Among the top 20 stocks with the largest increase in financing balance, the average price increase was 2.50%, with Daya Energy, Fute Technology, and Saifen Technology leading with gains of 10.09%, 9.21%, and 9.02%, respectively [2] - Conversely, the stocks with the largest declines included Xinling Electric, Caneng Power, and Xingyu Co., with decreases of 4.62%, 4.57%, and 4.31%, respectively [2] Margin Financing Changes - The top 20 stocks with the largest increase in financing balance included Fute Technology (67.60%), Tengda Technology (65.95%), and Matrix Co. (50.08%) [3] - The stocks with the largest decrease in financing balance included Henghe Co. (-29.99%), Sichuan Chengyu (-25.73%), and Kaida Catalyst (-25.71%) [5]

Core Viewpoint - Sichuan Chengyu's stock performance shows a mixed trend with a slight increase in share price but a significant net outflow in financing, indicating potential investor caution amid declining revenue and changing shareholder dynamics [1][2]. Financing and Trading Activity - On October 16, Sichuan Chengyu's stock rose by 0.70% with a trading volume of 97.52 million yuan. The financing buy-in was 4.75 million yuan, while financing repayment reached 35.99 million yuan, resulting in a net financing outflow of 31.24 million yuan [1]. - As of October 16, the total financing and securities lending balance for Sichuan Chengyu was 90.46 million yuan, with a financing balance of 90.19 million yuan, accounting for 0.72% of the circulating market value, indicating a high level compared to the past year [1]. - In terms of securities lending, on the same day, 10,500 shares were repaid, and 800 shares were sold, with a selling amount of 4,608 yuan, while the remaining securities lending balance was 46,700 shares, valued at 269,000 yuan, which is low compared to the past year [1]. Financial Performance - For the first half of 2025, Sichuan Chengyu reported operating revenue of 4.126 billion yuan, a year-on-year decrease of 23.14%, while the net profit attributable to shareholders increased by 19.93% to 837 million yuan [2]. - Cumulatively, since its A-share listing, Sichuan Chengyu has distributed a total of 5.905 billion yuan in dividends, with 1.927 billion yuan distributed over the past three years [3]. Shareholder Dynamics - As of June 30, 2025, the number of shareholders for Sichuan Chengyu was 35,600, a decrease of 28.67% from the previous period, with an average of 0 circulating shares per shareholder [2]. - Among the top ten circulating shareholders, Hong Kong Central Clearing Limited held 27.49 million shares, a decrease of 4.5752 million shares from the previous period, while several new shareholders entered, including Silver Hua Wealth Theme Mixed A and Southern Industry Smart Selection Stock A [3].

Summary of Key Points Core Viewpoint - ST Er Ya (600107) has experienced significant stock price fluctuations, with a warning of potential delisting risks due to financial performance and ongoing investigations [1][3]. Trading Information - As of October 15, 2025, ST Er Ya closed at 8.32 yuan, up 5.05%, with a turnover rate of 0.15% and a trading volume of 5,475 shares, amounting to a transaction value of 4.5549 million yuan [1]. - On the same day, the net inflow of main funds was 384,100 yuan, accounting for 8.44% of the total transaction value; retail investors saw a net outflow of 470,600 yuan, representing 10.34% of the total [1][3]. Company Announcements - The company has experienced a continuous five-day trading limit increase from October 9 to October 15, 2025, indicating a risk of short-term price volatility [1][3]. - For the first half of 2025, ST Er Ya reported an operating income of 129 million yuan and a net loss attributable to shareholders of 21.8587 million yuan. If the annual revenue falls below 300 million yuan and losses continue, it may trigger financial delisting risk warnings [1]. - The 2024 annual financial report received a qualified opinion, and the internal control audit report received a negative opinion. If the 2025 internal control audit report remains unable to express an opinion or receives a negative opinion, it may trigger regulatory delisting risk warnings [1]. - The company and its controlling shareholder, Zheng Jiping, are under investigation by the China Securities Regulatory Commission, with uncertain outcomes. The company has confirmed no undisclosed significant matters [1].

Core Points - ST Er Ya (600107) closed at 8.32 yuan on October 15, 2025, with a 5.05% increase from the previous trading day, resulting in a total market capitalization of 2.995 billion yuan [1] - The stock experienced a five-day consecutive trading limit increase from October 9 to October 15, 2025, indicating a risk of short-term price volatility [1] - For the first half of 2025, the company reported revenue of 129 million yuan and a net loss attributable to shareholders of 21.8587 million yuan, with a potential delisting risk if annual revenue falls below 300 million yuan and losses continue [1] - The 2024 financial report received a qualified opinion, and the internal control audit report received a negative opinion, which could trigger regulatory delisting warnings if the 2025 internal control audit report remains unqualified or negative [1] - The company and its controlling shareholder, Chairman Zheng Jiping, are under investigation by the China Securities Regulatory Commission, with uncertain outcomes [1] - The company confirmed no undisclosed significant matters during its self-examination and advised investors to pay attention to risks, referring to designated information disclosure media [1]

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） 董事會會議召開日期 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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之任何損失承擔任何責任。 執行董事兼公司秘書 中華人民共和國•四川省•成都市 二零二五年十月十五日 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、步丹璐女 士、周華先生及姜濤先生。 * 僅供識別 四川成渝高速公路股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣 佈，本公司將於二零二五年十月三十日（星期四）舉行董事會會議，藉以（其中包 括）審議及批准本公司及其附屬公司截至二零二五年九月三十日止九個月的未經 審計第三季度業績及其刊發。 承董事會命 四川成渝高速公路股份有限 ...

Core Viewpoint - Sichuan Chengyu Expressway (00107.HK) announced that it will hold a board meeting on October 30, 2025, to review and approve the unaudited third-quarter results for the nine months ending September 30, 2025 [1] Summary by Category - **Company Announcement** - The company will conduct a board meeting to discuss financial results [1] - The meeting is scheduled for October 30, 2025 [1] - The focus will be on the unaudited third-quarter performance for the period ending September 30, 2025 [1]

董事會會議召開日期 四川成渝高速公路股份有限公司（「本公司」）董事（「董事」）會（「董事會」）謹此宣 佈，本公司將於二零二五年十月三十日（星期四）舉行董事會會議，藉以（其中包 括）審議及批准本公司及其附屬公司截至二零二五年九月三十日止九個月的未經 審計第三季度業績及其刊發。 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 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之內容概不負責，對其準確性 或完整性亦不發表任何聲明，並明確表示概不就因本公告全部或任何部分內容而產生或因倚賴 該等內容而引致之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） 中華人民共和國•四川省•成都市 二零二五年十月十五日 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、步丹璐女 士、周華先生及姜濤先生。 ...