二、本次公告的诉讼、仲裁对公司本期利润或期后利润的可能影 响 截至本公告披露日，上述部分案件尚在进展过程中，对公司本期利 润或期后利润的影响具有不确定性，公司将依据会计准则的要求和案件 进展情况进行相应的会计处理。 公司将持续关注有关诉讼、仲裁事项的后续进展，积极采取相关措 施维护公司及控股子公司的合法权益，及时履行信息披露义务。敬请广 大投资者注意投资风险。 特此公告。 证券代码：000498 证券简称：山东路桥 公告编号：2025-63 山东高速路桥集团股份有限公司 关于累计诉讼、仲裁情况的公告 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。 山东高速路桥集团股份有限公司（以下简称"公司"）根据《深圳 证券交易所股票上市规则》等有关规定，公司及控股子公司连续十二个 月累计发生的诉讼、仲裁事项涉及金额已达到披露标准，现将有关情况 公告如下： 一、连续十二个月累计诉讼、仲裁事项基本情况 截至本公告披露日，公司及控股子公司连续十二个月内发生的诉讼、 仲裁事项涉案金额约 304,207.84 万元，超过公司最近一期经审计归属 于上市公司股东的净资产的 10%。其中 ...

证券代码：000498 证券简称：山东路桥 公告编号：2025-61 山东高速路桥集团股份有限公司 2024 年年度权益分派实施公告 1．公司 2024 年度股东大会审议通过的 2024 年年度权益分派方案 为：以 2025 年 3 月 31 日总股本 1,560,998,425 股扣除回购的股份 9,159,925 股后的 1,551,838,500 股为基数，向全体股东每 10 股派发现 金股利人民币 1.70 元 ( 含 税 ) ， 合 计 派 发 现 金 股 利 人 民 币 263,812,545.00 元(含税)，上述利润分配后，剩余未分配利润结转至下 一年度再行分配。公司 2024 年度不送红股，不以资本公积金转增股本。 本次利润分配方案公布后至实施前，若公司因可转债转股、股份回 购等原因导致股本总额发生变动，则以享有利润分配权的股东所对应的 最新股本总额为基数，按照分配比例不变，调整分配总额的原则进行分 配。 2．自上述分配方案披露至实施期间，公司可转债转股及 2025 年回 购股份注销，公司总股本由 1,560,998,425 股调整至 1,552,439,109 股。 根据权益分派方案规定， ...

Investment Rating - The industry rating is maintained as "Outperform" [6] Core Viewpoints - The construction sector has underperformed the broader market, with a weekly increase of 0.72% compared to the 1.78% rise in the CSI 300 index, resulting in a 1.06 percentage point lag [5][26] - There is an increasing market focus on low-valuation, high-dividend stocks within the construction sector, particularly among central state-owned enterprises (SOEs), local SOEs, international engineering firms, and private enterprises [14][34] - The construction sector's central SOEs, such as China Chemical, have significantly lower price-to-earnings (PE) ratios compared to their peers, with China Chemical's PE at 7.99, placing it in the 6.8% percentile since 2010 [15][14] - Local SOEs like Shandong Road and Anhui Construction show low PE ratios of 3.94 and 6.10, respectively, with dividend yields exceeding those of central SOEs [16][14] - Private enterprises such as Jianghe Group and Sanwei Chemical also demonstrate strong dividend capabilities, with yields of 8.90% and 4.83% respectively [19][14] Summary by Sections Low-Valuation Stocks Worth Attention - Central SOEs like China Chemical and China Railway Construction have low PB ratios, with China Railway at 0.41 and China Railway at 0.45 [14][15] - Local SOEs such as Shandong Road and Anhui Construction have PE ratios significantly below 10, indicating potential investment opportunities [16][14] - Private enterprises like Jianghe Group and Yaxiang Integration have returned to reasonable valuation levels, with PE ratios of 11.66 and 12.21 respectively [19][14] Market Performance Review - The construction index increased by 0.72% in the week from June 30 to July 4, lagging behind the CSI 300's 1.78% increase [5][26] - Notable individual stock performances included Chengbang Co. (+42.23%) and Hangzhou Garden (+31.16%) [5][26] Investment Recommendations - Focus on cyclical opportunities arising from improvements in construction activity, particularly in water conservancy, railways, and aviation sectors [34][35] - Highlight the potential of nuclear power investments and emerging business directions within the construction sector [36][34] - Emphasize investment opportunities in major hydropower projects and the deep-sea economy, with recommendations for companies involved in these sectors [37][34]

Core Points - The company, Shandong Highway Bridge Group Co., Ltd., has announced the suspension of the conversion of its convertible bonds (code: 127083, name: Shanlu Convertible Bonds) from July 7, 2025, until the registration date for the 2024 equity distribution, after which the conversion will resume on the first trading day following the registration date [1][2] Group 1 - The conversion period for the convertible bonds is set from October 9, 2023, to March 23, 2029 [1] - The suspension of conversion is due to the company's implementation of the 2024 profit distribution plan approved at the shareholders' meeting on May 19, 2025 [1][2] - The company will adjust the conversion price of the bonds in case of changes in the number of shares or shareholder equity due to stock dividends, capital increases, new share issuances, or cash dividends [2][3] Group 2 - The adjustment formulas for the conversion price are specified, including scenarios for stock dividends, capital increases, new share issuances, and cash dividends [2][3] - The company will announce the adjusted conversion price and the suspension period through designated media as required by regulatory authorities [3][4] - The company aims to protect the rights and interests of convertible bondholders during any changes in share structure or equity [4]

证券代码：000498 证券简称：山东路桥 公告编号：2025-60 转债代码：127083 转债简称：山路转债 山东高速路桥集团股份有限公司 关于实施权益分派期间山路转债暂停转股的公告 鉴于山东高速路桥集团股份有限公司（以下简称"公司"）2025 年 5 月 19 日召开的 2024 年度股东大会审议通过了《公司 2024 年度 利润分配预案》，公司将实施 2024 年度权益分派。根据《深圳证券 交易所上市公司自律监管指南第 1 号——业务办理：2.4 向不特定对 象发行可转换公司债券》的规定"公司实施权益分派方案的，如公司 回购账户存在股份的，或者公司拟实施利润分配总额不变的权益分派 方法的，实施权益分派期间可转债暂停转股。"及《山东高速路桥集 团股份有限公司向不特定对象发行可转换公司债券募集说明书》中 "转股价格的调整方式及计算公式"（详见附件）条款的规定，2025 年7月7 日起至本次权益分派股权登记日止，公司可转换公司债券（债 券代码：127083；债券简称：山路转债）将暂停转股，本次权益分派 股权登记日后的第一个交易日起恢复转股。在上述期间，公司可转换 公司债券正常交易，敬请公司可转换公司债券持有 ...

Core Viewpoint - The company has completed the repurchase and cancellation of 8,559,700 shares, which represents 0.55% of the total share capital, resulting in a reduction of total share capital from 1,560,998,809 shares to 1,552,439,109 shares [1][3][4]. Summary by Sections Repurchase and Cancellation Details - The company approved the share repurchase plan on April 28, 2025, and May 19, 2025, allowing for the repurchase of A-shares using self-owned funds or loans through centralized bidding [1][8]. - As of June 20, 2025, the company repurchased a total of 8,559,700 shares at an average price of 5.85 CNY per share, with a total transaction amount of approximately 50.09 million CNY [2][8]. Impact on Share Capital - Following the cancellation of the repurchased shares, the total share capital decreased to 1,552,439,109 shares, maintaining compliance with listing conditions and not affecting the company's control [3][4]. Convertible Bond Price Adjustment - The repurchase and cancellation of shares will lead to an adjustment in the conversion price of the company's convertible bonds, increasing from 7.80 CNY to 7.81 CNY per share, effective from July 4, 2025 [6][9]. - The adjustment is based on the formula outlined in the bond issuance prospectus, reflecting the impact of the share repurchase on the bondholders' rights [9].

Group 1 - The company has completed the cancellation of 8,559,700 shares, which accounts for 0.55% of the total share capital before cancellation, reducing the total share capital from 1,560,998,809 shares to 1,552,439,109 shares [1][2] - The share repurchase was approved during the board meeting on April 28, 2025, and the annual general meeting on May 19, 2025, allowing the company to repurchase shares using its own funds or borrowed funds through centralized bidding [1][2] - The repurchase was executed within the specified period, with a total of 8,559,700 shares repurchased at a maximum price of 5.93 yuan per share and a minimum price of 5.76 yuan per share, with an average transaction price [2] Group 2 - The cancellation of shares has been completed in accordance with relevant laws and regulations, and the company has fulfilled the necessary procedures with the China Securities Depository and Clearing Corporation [2] - Following the cancellation, the structure of the company's share capital has changed, with the number of restricted shares decreasing from 103,094,245 shares to 0 shares, and the number of unrestricted shares decreasing from 1,457,904,564 shares to 1,449,344,864 shares [2] - The cancellation of shares is not expected to have a significant impact on the company's ongoing operations, future development, profitability, or debt repayment capacity, and will not affect the company's listing status or control [2][4] Group 3 - The completion of the share cancellation will lead to an adjustment in the conversion price of the company's convertible bonds, as per the relevant regulations [3][4] - The company will proceed with the necessary changes in business registration and company bylaws following the completion of the share cancellation [4]

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。 | 证券代码：000498 | 证券简称：山东路桥 | 公告编号：2025-58 | | --- | --- | --- | | 债券代码：127083 | 债券简称：山路转债 | | 山东高速路桥集团股份有限公司 关于回购股份注销完成暨股份变动的公告 重要内容提示: 《董事会决议公告》《2024 年度股东大会决议公告》。 截至 2025 年 6 月 20 日，公司本次回购股份方案已实施完毕。 回购股份实施期限内，公司通过回购专用证券账户以集中竞价交易 方式累计回购公司股份 8,559,700 股，占公司总股本的 0.55%，最 高成交价为 5.93 元/股，最低成交价为 5.76 元/股，成交均价为 5.85 元/股，成交总金额为人民币 50,086,372.94 元（不含交易费 用）。本次回购股份符合相关法律法规规定，符合公司既定的回购 股份方案的要求。具体内容详见公司于 2025 年 6 月 24 日在巨潮资 讯网（http://www.cninfo.com.cn）披露的《关于回购股份实施完 成暨股份变动的 ...

证券代码：000498 证券简称：山东路桥 公告编号：2025-59 债券代码：127083 债券简称：山路转债 山东高速路桥集团股份有限公司 关于回购股份注销调整可转债转股价格的 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。 5、转股价格调整生效日期：2025 年 7 月 4 日 6、本次调整可转债转股价格不涉及暂停转股事项 一、关于可转换公司债券转股价格调整的相关规定 山东高速路桥集团股份有限公司（以下简称"公司"）于 2023 年 3 月 24 日向不特定对象发行可转换公司债券 4,836.00 万张，每 张面值为人民币 100.00 元，发行总额为人民币 483,600.00 万元。 根据公司《山东高速路桥集团股份有限公司向不特定对象发行 可转换公司债券募集说明书》中"转股价格的调整方式及计算公式" 相关条款的规定： 1、债券代码：127083 2、债券简称：山路转债 3、调整前转股价格：人民币 7.80 元/股 4、调整后转股价格：人民币 7.81 元/股 "在本次发行之后，当本公司因派送股票股利、转增股本、增 发新股或配股、派息、派发现金股 ...

山东高速路桥集团股份有限公司 2025 年面向专业投资者公开发行科技创新公司债券（第一期） 在深圳证券交易所上市的公告 （本页以下无正文） 1 （本页无正文，为《山东高速路桥集团股份有限公司 2025 年面向专业投资者公开发行 科技创新公司债券（第一期）在深圳证券交易所上市的公告》之盖章页） 份有限公司 发行人: 7月7日 本公司及董事会全体成员保证公告内容真实、准确和完整，没有虚假记载、误导性陈述 或者重大遗漏。 根据深圳证券交易所债券上市的有关规定，山东高速路桥集团股份有限公司 2025 年面向专业投资者公开发行科技创新公司债券（第一期）符合深圳证券交易所债券上 市条件，将于 2025 年 7 月 3 日起在深圳证券交易所上市，并向专业投资者中的机构投 资者交易，交易方式包括匹配成交、点击成交、询价成交、竞买成交和协商成交。债 券相关要素如下： | 债券名称 | 山东高速路桥集团股份有限公司 2025 | | | | | | 年面向专业投资者公开发 | | --- | --- | --- | --- | --- | --- | --- | --- | | | 行科技创新公司债券（第一期） | | | | ...