金融界消息 截至2025年7月29日收盘，粤高速Ａ（000429）报收于12.42元，下跌1.51%，换手率 0.84%，成交量10.88万手，成交金额1.35亿元。 通过天眼查大数据分析，广东省高速公路发展股份有限公司共对外投资了17家企业，参与招投标项目 371次，知识产权方面有商标信息1条，专利信息1条，此外企业还拥有行政许可12个。 来源：金融界 粤高速A最新一期业绩显示，截至2025一季报，公司营业总收入10.50亿元、同比减少6.63%，归属净利 润6.57亿元，同比增长56.28%，扣非净利润4.00亿元，同比减少7.94%，流动比率5.840、速动比率 5.840、资产负债率40.32%。 天眼查商业履历信息显示，广东省高速公路发展股份有限公司，成立于1997年，位于广州市，是一家以 从事土木工程建筑业为主的企业。企业注册资本209080.6126万人民币，实缴资本14500万人民币。公司 法定代表人为苗德山。 资金流向方面，今日主力资金净流出1916.71万元，占比成交额14.2%。其中，超大单净流出179.24万 元、占成交额1.33%，大单净流出1737.47万元、占成交额12.87%， ...

Core Viewpoint - Guangdong Provincial Highway Development Co., Ltd. has approved a loan agreement with Ganzhou Gankang Highway Co., Ltd. for up to 45 million yuan to supplement its working capital, with a fixed interest rate of 2.6% and a repayment period of one year [3][11][12]. Group 1: Board Meeting Details - The 30th (temporary) meeting of the 10th Board of Directors was held on July 24, 2025, via telecommunication voting, with all 13 directors present, meeting the legal requirements [2]. - The meeting approved the loan agreement as an associated transaction, with no directors needing to abstain from voting [4][5]. Group 2: Loan Agreement Specifics - The loan amount is capped at 45 million yuan, with a one-year term starting from the date of receipt, and a fixed interest rate of 2.6% [3][18]. - The company can repay the loan principal and interest in full or in part at any time without conditions [3][18]. Group 3: Financial Impact and Compliance - The total amount of this associated transaction, including estimated interest, does not exceed 46.17 million yuan, representing 0.44% of the company's equity attributable to shareholders as of the end of 2024, which is 10.468 billion yuan [12]. - The transaction does not constitute a major asset restructuring as defined by relevant regulations [13]. Group 4: Independent Directors' Opinion - Independent directors have reviewed the loan agreement and concluded that it adheres to principles of openness, fairness, and justice, benefiting the company's cash flow management and not harming the interests of minority shareholders [19].

证券简称：粤高速 A 、粤高速 B 证券代码：000429、200429 公告编号：2025-025 广东省高速公路发展股份有限公司 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、关联交易概述 广东省高速公路发展股份有限公司（以下简称"公司"）第十届董事会第三 十次（临时）会议于 2025 年 7 月 24 日审议通过了《关于向赣州赣康高速公路有 限责任公司借款的议案》（以下简称"本议案"）：同意公司向赣州赣康高速公 路有限责任公司（以下简称"赣康公司"）借入无担保贷款，贷款金额不超过 司实际收到贷款之日起 1 年，借款年利率为 2.6%，到期一次性偿还借款本金和 利息。公司可无条件提前偿还全部或部分贷款本息。 本公司董事会秘书杨汉明先生为赣康公司副董事长，根据《深圳证券交易所 股票上市规则》的规定，赣康公司为公司的关联法人，本次交易构成了关联交易 事项。 本次关联交易已经公司第十届董事会独立董事第七次专门会议审议通过，公 司第十届董事会第三十次（临时）会议按审议关联交易程序审议通过了本议案， 因杨汉明先生不是公司董事，本议案无关联董事须回避表决。本议案 ...

证券简称：粤高速 A 、粤高速 B 证券代码：000429、200429 公告编号：2025-025 广东省高速公路发展股份有限公司 关联交易公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、关联交易概述 广东省高速公路发展股份有限公司（以下简称"公司"）第十届董事会第三 十次（临时）会议于 2025 年 7 月 24 日审议通过了《关于向赣州赣康高速公路有 限责任公司借款的议案》（以下简称"本议案"）：同意公司向赣州赣康高速公 路有限责任公司（以下简称"赣康公司"）借入无担保贷款，贷款金额不超过 4,500 万元，按公司实际需要提款，所借款项用于补充营运资金。借款期限为公 司实际收到贷款之日起 1 年，借款年利率为 2.6%，到期一次性偿还借款本金和 利息。公司可无条件提前偿还全部或部分贷款本息。 本公司董事会秘书杨汉明先生为赣康公司副董事长，根据《深圳证券交易所 股票上市规则》的规定，赣康公司为公司的关联法人，本次交易构成了关联交易 事项。 本次关联交易已经公司第十届董事会独立董事第七次专门会议审议通过，公 司第十届董事会第三十次（临时）会议按审议 ...

广东省高速公路发展股份有限公司（以下简称"公司"）第十届董事会第三 十次（临时）会议（以下简称"本次会议"）于 2025 年 7 月 24 日（星期四）上 午以通讯表决方式召开。本次会议的会议通知及相关会议文件已于 2025 年 7 月 21 日以传真、电子邮件或当面递交方式通知送达各位董事。会议应到董事 13 名， 实到董事 13 名，参加本次会议的董事超过全体董事的半数，符合《中华人民共 和国公司法》及《广东省高速公路发展股份有限公司章程》的有关规定。 二、董事会会议审议情况 证券简称：粤高速 A 、粤高速 B 证券代码： 000429、 200429 公告编号： 2025-024 广东省高速公路发展股份有限公司 第十届董事会第三十次（临时）会议决议公告 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 一、董事会会议召开情况 会议审议通过以下议案： （一）审议通过《关于向赣州赣康高速公路有限责任公司借款的议案》 同意公司向赣州赣康高速公路有限责任公司借入无担保贷款，贷款金额不超 过 4,500 万元，按公司实际需要提款，所借款项用于补充营运资金。借款期限为 ...

AI基金民生加银红利回报混合（690009）披露2025年二季报，第二季度基金利润227.66万元，加权平均基金份额本期利润0.1049元。报告期内，基金净值增 长率为4.33%，截至二季度末，基金规模为5420.78万元。 该基金属于灵活配置型基金。截至7月21日，单位净值为2.505元。基金经理是邓凯成，目前管理3只基金近一年均为正收益。其中，截至7月21日，民生加银 金融优选混合A近一年复权单位净值增长率最高，达21.67%；民生加银红利回报混合最低，为6.05%。 基金管理人在二季报中表示，我们看好价值风格和红利的方向没有改变，在保持稳健的同时，也积极寻找有弹性的红利。一方面继续较大比例配置金融板 块，同时我们积极寻找自身经营改善，积极提升分红比例的公司。 截至7月21日，民生加银红利回报混合近三个月复权单位净值增长率为4.02%，位于同类可比基金757/880；近半年复权单位净值增长率为5.25%，位于同类可 比基金598/880；近一年复权单位净值增长率为6.05%，位于同类可比基金732/880；近三年复权单位净值增长率为-23.05%，位于同类可比基金672/871。 通过所选区间该基金净值增 ...

Group 1: Project Progress and Developments - The Huizhou-Yanjiang Expressway expansion project has been completed and is now open to traffic, with an application for a fee adjustment currently in process [1] - The Jiangzhong Expressway expansion project has also been completed and has been executing a new fee standard since June 13, 2025 [1] - The Yuezhao Expressway expansion project is scheduled to be completed by the end of 2027, with plans to apply for a fee adjustment based on current policies after completion [1] Group 2: Capital Expenditure Plans - The company's recent capital expenditures primarily focus on the expansion projects of its controlled expressways, including the ongoing projects of the Guangzhu East and Guanghui Expressways [2] - Funding for these projects will be allocated according to the engineering progress to meet construction funding needs [2] Group 3: Traffic Impact and Network Changes - The impact of the Shenzhen-Zhongshan Channel on the Jingzhu-Guangzhu East section is expected to continue throughout the year, with further tracking and assessment needed [2] - The Guanghui Expressway has already experienced traffic diversion effects in 2024 due to high-speed rail, intercity light rail, and new expressway openings, with no new diversion factors anticipated for 2025 [2] Group 4: Financing Costs - As of December 31, 2024, the company's financing interest rate ranges from 2.20% to 2.80% [2]

证券代码：000429、200429 证券简称：粤高速A、粤高速B 公告编号：2025-023 广东省高速公路发展股份有限公司 2024 年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性 陈述或重大遗漏。 一、 股东大会审议通过的利润分配方案 1、广东省高速公路发展股份有限公司（以下简称"本公司"）2024 年年度 权益分派方案已获 2025 年 5 月 21 日召开的 2024 年年度股东大会审议通过：提 取 1,093,491,603.90 元作为 2024 年度分红派息资金。以 2024 年底的总股本 2,090,806,126 股为基数，每 10 股派发现金股利 5.23 元（含税），剩余未分配 利润结转下一年度。B 股股东的现金股利的外币折算价以 2024 年年度股东大会 作出分红派息决议后的第一个工作日中国人民银行公布的人民币兑港币的买入 卖出中间价确定。 2、本次实施的利润分配方案不送红股，不进行公积金转增股本。 3、本次实施的分红派息方案以分配比例固定的方式分配，自利润分配方案 披露至实施期间公司股本总额未发生变化，总股本为 2,090,8 ...

Group 1: Company Overview - The company is Guangdong Provincial Highway Development Co., Ltd., with stock codes 000429 and 200429 for its A and B shares respectively [1] - The meeting was held on July 1, 2025, from 13:30 to 14:30 in the company conference room [1] Group 2: Impact of Infrastructure Changes - The opening of the Shenzhen-Zhongshan Channel will continue to affect the traffic distribution on the Jingzhu-Guangzhu East section in 2025, with the overall impact to be monitored and assessed [1] - The Guanghui Expressway is expected to have no new traffic distribution impacts in 2025, as the main factors affecting it were already reflected in 2024 [2] Group 3: Dividend Policy - The company disclosed a shareholder return plan for 2024-2026, stating that cash dividends should not be less than 70% of the net profit attributable to the parent company for the respective year [2] - The specific profit distribution plan for each year will be proposed by the board based on the company's annual profitability and future funding plans, and submitted for shareholder approval [2] Group 4: Capital Expenditure Plans - Recent capital expenditures are primarily focused on the expansion projects of controlled highways, including the ongoing expansions of Guangzhu East, Guanghui, Yuezhao, and Huishan highways [2] - The company will fund these projects according to their engineering progress to meet the financial needs of construction [2]

Group 1 - The report highlights the steady growth in highway traffic volume, with a focus on the valuation recovery of H-shares and the systemic revaluation of A-shares, recommending specific stocks such as Zhejiang Huhangyong, Wantong Expressway, and Ninghu Expressway [3][4][32] - The railway passenger transport sector is experiencing structural changes in customer demographics, leading to a stable growth outlook, with a shift in valuation logic from PE to DCF and EV/EBITDA [3][4][56] - The railway freight sector is benefiting from the transformation of logistics and adjustments in railway freight pricing policies, with steady growth in freight volume and turnover, although the growth rate remains low [3][4][75] Group 2 - The logistics industry is being empowered by AI, which enhances traffic efficiency through the integration of traffic data models and optimization algorithms, allowing leading companies to expand their market share [3][4][105] - The report notes that the number of vehicles in China has reached 353 million by 2024, reflecting a year-on-year growth of 10.31%, indicating a robust demand for transportation services [5][11] - The report discusses the ongoing digital transformation in the railway sector, aiming for comprehensive digitization and intelligent upgrades by 2027, which will enhance operational efficiency [107][108]