湖南投资集团股份有限公司 规章制度管理办法 （经2025年10月29日召开的公司2025年度第7次董事会会议审议通过） 第一章 总 则 第一条 为进一步加强湖南投资集团股份有限公司（以下简 称"公司"）制度建设，构建系统完备、科学规范、运行有效的规 章制度体系，根据《中华人民共和国公司法》等法律法规有关规 定及《公司章程》有关要求，结合公司实际，制定本办法。 第二条 公司党建系统规章制度的管理应按照上级党委和公 司党内规范性文件有关要求执行。公司党内规范性文件无规定的， 可参照本办法执行。 第三条 本办法所称规章制度是指根据国家法律法规、上级 主管和监管部门有关要求，为实现公司既定目标、实现内部资源 与外部环境协调，依据管理职能职责和规定程序制定的，在一定 期限内反复适用，具有普遍约束力，需要监督检查执行情况的一 系列规范性文件的总称。 公司的人事任免决定、请示报告和工作方案，对具体事项的 通报、通知、批复以及处理决定，仅适用部室内部的管理规定等， 不属于本办法所称规章制度。 第四条 公司规章制度管理应遵循以下原则： （一）合法合规原则。规章制度要贯彻党和国家的路线、方 针、政策，符合法律、法规、规章及其他规 ...

Market Overview - The railway and highway sector experienced a decline of 0.35% on the trading day, with Shentong Metro leading the losses [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the railway and highway sector included: - Jilin Expressway (601518) with a closing price of 3.00, up 5.63% on a trading volume of 803,800 shares and a turnover of 240 million yuan [1] - Chongqing Road and Bridge (600106) closed at 6.84, up 4.91% with a trading volume of 558,900 shares and a turnover of 375 million yuan [1] - Conversely, Shentong Metro (600834) led the declines, closing at 8.90, down 3.68% with a trading volume of 119,800 shares and a turnover of 108 million yuan [2] Capital Flow - The railway and highway sector saw a net outflow of 210 million yuan from institutional investors, while retail investors contributed a net inflow of 324 million yuan [2] - Specific stock capital flows included: - Chongqing Road and Bridge (600106) had a net inflow of 28.18 million yuan from institutional investors, while retail investors had a net outflow of 25.08 million yuan [3] - Jilin Expressway (601518) showed a significant retail net inflow, indicating strong interest from individual investors [3]

Market Overview - As of October 27, the Shanghai Composite Index rose by 1.18%, closing at 3996.9445 points, while the Shenzhen Component Index increased by 1.51%, closing at 13489.403 points [1]. Top Gainers in Hunan Stocks - *ST Jingfeng opened at 7.690 and closed at 7.690, with a daily increase of 5.05%, maintaining the same price throughout the day, with a trading volume of 24,128 lots [2]. - Tianqiao Crane opened at 4.210 and closed at 4.340, rising by 4.08%, with a daily high of 4.350 and a low of 4.150, and a trading volume of 1,184,114 lots [2]. - Aoshikang opened at 39.620 and closed at 40.920, up by 3.52%, reaching a high of 41.240 and a low of 39.600, with a trading volume of 62,736 lots [2]. - Yanjinpuzi opened at 69.010 and closed at 70.350, increasing by 3.30%, with a daily high of 71.120 and a low of 68.500, and a trading volume of 36,492 lots [2]. - Hualing Steel opened at 5.740 and closed at 5.910, up by 2.96%, with a high of 5.970 and a low of 5.740, and a trading volume of 1,103,156 lots [2]. Top Losers in Hunan Stocks - Hengli Tui opened at 0.160 and closed at 0.150, experiencing a decline of 11.76%, with a daily high of 0.170 and a low of 0.150, and a trading volume of 611,606 lots [3]. - *ST Gaosi opened at 8.300 and closed at 8.350, down by 2.45%, with a high of 8.450 and a low of 8.130, and a trading volume of 58,408 lots [3]. - Changlan Technology opened at 17.700 and closed at 17.410, decreasing by 1.97%, with a high of 17.780 and a low of 17.200, and a trading volume of 45,737 lots [3]. - Hansen Pharmaceutical opened at 6.620 and closed at 6.510, down by 1.06%, with a high of 6.620 and a low of 6.480, and a trading volume of 94,306 lots [3]. - Hunan Investment opened at 5.730 and closed at 5.630, decreasing by 1.05%, with a high of 5.740 and a low of 5.580, and a trading volume of 171,054 lots [3].

Core Viewpoint - Hunan Investment (000548) experienced a decline in stock price, closing at 5.79 yuan on October 22, 2025, down 3.18% with significant net outflows from major funds [1] Group 1: Stock Performance - On October 22, 2025, Hunan Investment's stock closed at 5.79 yuan, reflecting a decrease of 3.18% with a turnover rate of 12.88% and a trading volume of 643,000 hands, resulting in a transaction amount of 376 million yuan [1] - Over the past five days, the stock has shown volatility, with a peak closing price of 5.98 yuan on October 21, 2025, which was a 9.93% increase [2] Group 2: Fund Flow Analysis - On October 22, 2025, major funds saw a net outflow of 35.30 million yuan, accounting for 9.39% of the total transaction amount, while retail investors had a net inflow of 25.25 million yuan, representing 6.71% of the total [1][2] - The five-day fund flow data indicates fluctuating trends, with significant net inflows and outflows from different investor categories [2] Group 3: Financial Metrics and Industry Comparison - Hunan Investment's total market capitalization is 2.89 billion yuan, with a net asset value of 2.05 billion yuan and a net profit of 35.97 million yuan, ranking 27th, 24th, and 24th respectively in the railway and highway industry [3] - The company's P/E ratio stands at 40.18, significantly higher than the industry average of 17.36, indicating a potential overvaluation [3] - The gross margin of Hunan Investment is 43.6%, which is above the industry average of 36.98%, while the net margin is 13.7%, below the industry average of 32.38% [3]

Core Viewpoint - The company, Hunan Investment, confirmed that it does not have any plans for tolls on national highways as it does not possess any national highway assets [1] Group 1 - An investor inquired about the company's plans regarding national highway tolls [1] - Hunan Investment responded on the investor interaction platform, clarifying its lack of national highway assets [1]

证券之星消息，10月21日铁路公路板块较上一交易日下跌0.08%，皖通高速领跌。当日上证指数报收于 3916.33，上涨1.36%。深证成指报收于13077.32，上涨2.06%。铁路公路板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000548 | 湖南投资 | 5.98 | 9.93% | 51.21万 | | 3.00亿 | | 603069 | 海汽集团 | 28.66 | 7.22% | 47.10万 | | 13.37亿 | | 600561 | 江西长远 | 7.25 | 5.84% | - 19.48万 | | 266" F | | 600106 | 重庆路桥 | 6.31 | 2.77% | ﯾﺎ 22.70万 | | 1.42亿 | | 000828 | 东莞控股 | 12.13 | 2.02% | 9.32万 | | 1.12亿 | | 002357 | 富临远业 | 9.90 | 1.96% | 6.09万 | | 5976.90万 ...

Core Points - Hunan Investment's stock price increased by 2.02% on October 21, reaching 5.55 CNY per share with a market capitalization of 2.771 billion CNY [1] - The company has seen an 8.82% increase in stock price year-to-date, with a 3.16% rise over the last five trading days [2] Financial Performance - For the first half of 2025, Hunan Investment reported operating revenue of 263 million CNY, a year-on-year decrease of 31.74%, and a net profit attributable to shareholders of 35.97 million CNY, down 43.48% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 378 million CNY, with 79.87 million CNY distributed over the last three years [3] Business Overview - Hunan Investment, established on November 8, 1992, and listed on December 20, 1993, is primarily engaged in highway construction and operation, asset management, property services, hotel investment, and urban complex development [2] - The revenue composition includes 47.27% from highway construction and operation, 37.49% from urban complex development, 7.64% from hotel investment, and 7.59% from asset management and property services [2] Shareholder Information - As of October 10, the number of shareholders is 42,800, a slight decrease of 0.14%, while the average circulating shares per person increased by 0.14% to 11,671 shares [2]

Group 1 - The core viewpoint of the article is that Hunan Investment (000548.SZ) has received a BB rating in the latest ESG assessment by Huazheng Index, maintaining the same rating as the previous period but improving its ranking within the transportation infrastructure sector [1][3] - In the latest ESG rating, Hunan Investment ranks 24th out of 45 A-share listed companies in the transportation infrastructure industry, up from 26th in the previous assessment [1] Group 2 - Hunan Investment's scores in the ESG dimensions are as follows: E score is 67.15 with a rating of CCC, ranking 33rd in the industry; S score is 86.48 with a rating of A, ranking 7th; G score is 83.65 with a rating of BBB, ranking 18th [3] - The E dimension includes factors such as climate change, resource utilization, environmental pollution, environmental friendliness, and environmental management [3] - The S dimension encompasses human capital, product responsibility, suppliers, and social contributions [3] - The G dimension refers to corporate governance structures, decision-making processes, transparency, ethical standards, and legal compliance [3]

Core Viewpoint - Hunan Investment's stock price has shown fluctuations with a recent increase of 2.08%, while the company faces a decline in revenue and net profit for the first half of 2025 compared to the previous year [1][2]. Group 1: Stock Performance - As of October 10, Hunan Investment's stock price is 5.40 CNY per share, with a market capitalization of 2.696 billion CNY [1]. - The stock has increased by 5.88% year-to-date, with a 3.25% rise over the last five trading days [1]. - The company experienced a net outflow of 99,000 CNY in principal funds, with large orders accounting for 11.89% of purchases and 12.50% of sales [1]. Group 2: Financial Performance - For the first half of 2025, Hunan Investment reported an operating income of 263 million CNY, a decrease of 31.74% year-on-year [2]. - The net profit attributable to the parent company was 35.97 million CNY, down 43.48% compared to the previous year [2]. Group 3: Business Overview - Hunan Investment Group, established on November 8, 1992, is primarily engaged in highway construction and operation (47.27%), urban complex investment and development (37.49%), hotel investment and operation (7.64%), and asset management and property services (7.59%) [1]. - The company is classified under the transportation sector, specifically in the highway industry, and is associated with concepts such as micro-share stocks, low-price stocks, small-cap stocks, rural revitalization, and tourism hotels [1]. Group 4: Shareholder Information - As of September 30, the number of shareholders for Hunan Investment is 42,800, reflecting a decrease of 0.71% from the previous period [2]. - The average number of circulating shares per shareholder has increased by 0.71% to 11,654 shares [2]. Group 5: Dividend Information - Hunan Investment has distributed a total of 378 million CNY in dividends since its A-share listing, with 79.87 million CNY distributed over the past three years [3].

Market Overview - On September 29, the railway and highway sector rose by 0.41% compared to the previous trading day, with Fulin Transportation leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Notable gainers in the railway and highway sector included: - Fulin Transportation (002357) with a closing price of 10.00, up 2.35% on a trading volume of 83,100 shares and a turnover of 82.01 million yuan [1] - Anhui Expressway (600012) closed at 13.57, up 1.95% with a trading volume of 151,300 shares and a turnover of 204 million yuan [1] - Dongguan Holdings (000828) closed at 11.33, up 1.80% with a trading volume of 84,900 shares and a turnover of 95.34 million yuan [1] Fund Flow Analysis - The railway and highway sector experienced a net outflow of 274 million yuan from institutional investors, while retail investors saw a net inflow of 178 million yuan [2] - The sector's overall fund flow indicated that retail investors were more active compared to institutional investors on that day [2] Individual Stock Fund Flow - Key stocks with significant fund flow included: - Haikou Group (603069) with a net inflow of 20.84 million yuan from institutional investors, but a net outflow of 19.49 million yuan from retail investors [3] - Sichuan Chengyu (601107) had a net inflow of 7.74 million yuan from institutional investors, while retail investors saw a net outflow of 612.25 million yuan [3] - Hainan Expressway (000886) recorded a net inflow of 11.83 million yuan from institutional investors, but retail investors had a net outflow of 660.90 million yuan [3]