Summary of Key Points Core Viewpoint - Longjiang Transportation (601188.SH) has completed a share reduction plan initiated by Suinong Holdings, which involved a total reduction of 38,070,000 shares, representing 2.89% of the company's total share capital [1]. Share Reduction Details - Suinong Holdings reduced its stake in Longjiang Transportation from June 4, 2025, to September 3, 2025, through two methods: - A total of 13,154,000 shares were sold via centralized bidding, accounting for 1.00% of the total share capital [1]. - An additional 24,916,000 shares were sold through block trading, representing 1.89% of the total share capital [1].

龙江交通公告，持股5%以上股东穗甬控股自2025年6月4日至2025年9月3日，通过集中竞价减持1315.4 万股，占公司总股本1.00%；通过大宗交易减持2491.6万股，占公司总股本1.89%；合计减持3807万股， 占公司总股本2.89%，减持价格区间3.24～3.65元/股。减持后，穗甬控股持有5470万股，占公司总股本 4.15692%。 ...

证券代码：601188 证券简称：龙江交通 公告编号：临 2025-044 2025 年 9 月 3 日，公司收到穗甬控股发来的《关于减持计划完成的告知函》， 截至 2025 年 9 月 3 日，穗甬控股本次减持计划已实施完毕。穗甬控股在 2025 年 6 月 4 日至 2025 年 9 月 3 日期间，通过集中竞价方式减持公司股份 13,154,000 股，占公司总股本的 1.00%，通过大宗交易方式减持公司股份 24,916,000 股， 占公司总股本的1.89%，合计减持公司股份38,070,000股，占公司总股本的2.89%。 截至本公告披露日，穗甬控股持有公司无限售条件流通股 54,700,000 股， 占公司总股本的 4.15692%。 本公司董事会、全体董事及相关股东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： 大股东持股的基本情况 本次股份减持计划实施前，黑龙江交通发展股份有限公司（以下简称"公司"） 持股 5%以上股东穗甬控股有限公司（以下简称"穗甬控股"）持有公司无限售条 件流通股 92,770,000 股，占 ...

Market Overview - On September 3, the railway and highway sector declined by 1.01%, with Shentong Metro leading the drop [1] - The Shanghai Composite Index closed at 3813.56, down 1.16%, while the Shenzhen Component Index closed at 12472.0, down 0.65% [1] Individual Stock Performance - Shentong Metro (600834) closed at 8.71, down 4.18% with a trading volume of 95,000 shares and a transaction value of 84.02 million yuan [2] - Other notable declines include: - Jinjiang Online (600650) down 3.80% to 15.70 - Sanxia Tourism (002627) down 3.57% to 6.49 - Jiangxi Changyuan (600561) down 3.45% to 6.72 [2] Capital Flow Analysis - The railway and highway sector experienced a net outflow of 275 million yuan from institutional investors, while retail investors saw a net inflow of 122 million yuan [2] - The sector's overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are entering the market [2] Detailed Capital Flow by Stock - Key stocks with significant capital flow include: - Beijing-Shanghai High-Speed Railway (601816) saw a net inflow of 37.66 million yuan from institutional investors but a net outflow from retail investors [3] - Sichuan Chengyu (601107) had a net inflow of 8.81 million yuan from institutional investors, while retail investors withdrew funds [3] - Shanxi Expressway (000755) experienced a net inflow of 6.48 million yuan from institutional investors but a significant outflow from retail investors [3]

Core Viewpoint - Longjiang Transportation reported steady growth in its 2025 semi-annual performance, with operating revenue of 244 million yuan, an increase of 8.74% year-on-year, and a net profit attributable to shareholders of 95 million yuan, up 19.12% year-on-year [1] Group 1: Core Business Performance - The company focuses on highway operations as its core business, achieving a toll revenue of 163 million yuan, a year-on-year increase of 4.85%, which solidifies the foundation for overall performance [2] - Longjiang Transportation enhances service quality and operational efficiency through "refined management + smart upgrades," including infrastructure updates and improved emergency response capabilities [2][3] Group 2: Digital Transformation - The company is accelerating its digital transformation across all business chains, developing applications like "Longjiang Transportation Manager" to improve management efficiency and optimize user experience [3] Group 3: New Energy and Materials Development - Longjiang Transportation is expanding into the new energy sector, achieving significant progress in distributed photovoltaic projects, with a total installed capacity exceeding 17.13 MW [4] - In the new materials sector, the company is advancing its graphite industry integration, focusing on both resource development and technological research [5][6] Group 4: Diversified Business Support - The company maintains stable operations in its existing businesses, with its taxi subsidiary leading the market in operational efficiency and exploring new business models [7] - The ongoing national push for infrastructure upgrades and support for strategic emerging industries presents dual opportunities for Longjiang Transportation [7] Group 5: Future Outlook - Longjiang Transportation aims to consolidate its highway business while accelerating the integration of new energy projects and graphite technology, positioning itself for robust growth in both core and emerging sectors [8]

Group 1 - The company reported a revenue of 244 million yuan for the first half of 2025, representing an 8.74% year-on-year increase [1] - The net profit attributable to shareholders reached approximately 94.75 million yuan, a 19.12% increase compared to the previous year [1] - The company operates the Harbin-Daqing expressway and provides management and maintenance services for the Sui-Da expressway [1] Group 2 - The subsidiary Longyun Modern is the largest taxi operator in Heilongjiang province, expanding its business into ride-hailing and rental services [2] - Longyuan Investment focuses on the new energy sector, utilizing "photovoltaic+" applications and integrated technology for sustainable energy solutions [2] - The company is advancing its graphite new materials industry, with a mining capacity of 2 million tons per year from the Gongcun graphite mine [2][3] Group 3 - Longyuan Investment has accelerated the construction of distributed photovoltaic projects along highways, achieving a total installed capacity of 17.13 MW [3] - The company has integrated 139 photovoltaic points, with an 84.8% grid connection rate, enhancing operational efficiency [3] - The company is establishing a provincial-level manufacturing innovation center in the graphite sector, promoting collaboration among government, industry, academia, and research [3] Group 4 - The acquisition of Heilongjiang Water Transport Development Co., Ltd. is ongoing, aimed at supporting the clean energy needs of the graphite industry [4]

Group 1 - The board of directors of Heilongjiang Transportation Development Co., Ltd. held its seventh meeting of the fourth session on August 26, 2025, with all 10 directors present [1] - The meeting approved the 2025 semi-annual report and summary with a unanimous vote of 10 in favor, 0 against, and 0 abstentions [1] - The meeting also approved various performance assessment proposals for the company's executives for the years 2024 and 2025, all receiving unanimous support [2][3] Group 2 - The board agreed to the dissolution of the Harbin-Dalian Expressway Maintenance Branch to optimize resource allocation and improve operational efficiency, with a unanimous vote [3] - The meeting included the approval of the semi-annual evaluation report for the 2025 "Quality Improvement and Efficiency Enhancement" action plan, also receiving unanimous support [3]

证券代码：601188 证券简称：龙江交通 公告编号：临 2025-043 黑龙江交通发展股份有限公司 第四届董事会第七次会议决议公告 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。 （二）《关于龙江交通企业负责人 2024 年度经营业绩考核评分的议 案》 1 一、董事会会议召开情况 黑龙江交通发展股份有限公司（以下简称"公司"）第四届董事会第 七次会议（以下简称"会议"或"本次会议"）于 2025 年 8 月 26 日 15:00 以现场+视频相结合的方式在公司三楼会议室召开。本次会议应参会董事 10 人，实际参会董事 10 人。会议由公司董事长王海龙先生主持。公司监事及其 他高级管理人员列席了会议。会议通知已于 2025 年 8 月 16 日以电子邮件形 式发出。会议的召集、召开符合《公司法》等法律法规及《公司章程》的 有关规定。 二、董事会会议审议情况 会议以记名投票表决的方式审议通过了以下议案并形成决议： （一）《2025 年半年度报告及摘要》 《2025 年半年度报告及摘要》已经公司第四届董事会审计委员会 2025 ...

Core Insights - Longjiang Transportation (601188.SH) reported a revenue of 240 million yuan for the first half of the year, representing a year-on-year increase of 8.74% [1] - The company's net profit attributable to shareholders reached approximately 94.75 million yuan, marking a year-on-year growth of 19.12% [1] - Earnings per share increased to 0.072 yuan, reflecting a year-on-year rise of 20.00% [1]

黑龙江交通发展股份有限公司 内部审计管理制度 第一章 总则 第一条 为规范黑龙江交通发展股份有限公司（以下简称" 公司"）经营管理，加强内部控制与审计监督，保障公司财产 安全， 保证经营目标的顺利实现。根据《中华人民共和国审计 法》、《审 计署关于内部审计工作的规定》、《中国内部审计 准则》等有关法律法规，结合公司实际，制定本制度。 第二条 内部审计是公司内部审计机构实施的独立、客观的 监督、评价和建议。它通过审查和评价经营活动及内部控制，来 保证公司经营管理合法合规、内控管理和风险管理及时有效，对 战略目标实现提供保障。 第三条 公司本部、各分子公司及具有重大影响的参股公司 依照本办法接受内部审计监督。 第四条 内部审计的目的是为了建立高效率的内部审计监督 机制，保证公司政策和制度得到有效的贯彻和执行，降低成本消 耗，提高工作效率，保证工作质量，及时堵塞漏洞，防止舞弊， 促进公司改善经营管理，提高经济效益，实现组织目标。 第二章 内部审计机构和内部审计人员 第五条 公司设立风险防控部，在公司董事会审计委员会的 领导下，依照国家法律法规和本制度的要求，对公司本部、各分 子公司及具有重大影响的参股公司等组织机构 ...