5 证券简称：现代投资 证券代码：000900 公告编号：2025-033 现代投资股份有限公司 关于修订《公司章程》及附件的公告 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。 现代投资股份有限公司（以下简称"公司"）于 2025 年 10 月 28 日召开第九届董事会第十次会议，审议通过了《关于修订〈公司 章程〉及附件的议案》，现将有关事项公告如下： 根据《公司法》《上市公司章程指引》《上市公司治理准则》《深 圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范 运作》及中国证券监督管理委员会于 2024 年 12 月 27 日发布的《关 于新<公司法>配套制度规则实施相关过渡期安排》等法律、法规及 规范性文件的修订内容，并结合《湖南省省属监管企业公司章程指引》 和公司实际情况，公司拟对《公司章程》及附件进行修订，具体修订 情况如下： 一、《公司章程》修订情况 原条款 修订后条款 第一条 为维护公司、股东和债权人的合法权 益，规范公司的组织和行为，根据《中华人民 共和国公司法》（以下简称《公司法》）《中 华人民共和国证券法》（以下简称《证券法》） ...

近日公司董事会收到非独立董事孟杰先生的辞职报告，孟杰先生 因工作调整，提请辞去公司第九届董事会董事职务，同时辞去公司董 事会下属战略委员会委员职务，孟杰先生辞职后不再担任公司任何职 务。 根据《公司法》《公司章程》等有关规定，孟杰先生的辞职不会 导致公司董事会成员低于法定最低人数，其辞职报告自送达董事会之 日起生效，其原定任期至本届董事会届满之日止。截至目前，孟杰先 生未持有公司股份，不存在应当履行但未履行的承诺事项。孟杰先生 在担任公司董事期间独立公正、勤勉尽责，公司及董事会向孟杰先生 在任期内对公司所做出的重要贡献表示衷心感谢。 现代投资股份有限公司 根据《公司章程》的规定，公司董事会由 9 名董事组成，为保障 董事会持续高效运作，经董事会提名委员会资格审核，董事会同意提 名杨建国先生为第九届董事会非独立董事候选人。 根据《公司法》《公司章程》的有关规定，上述非独立董事候选 人的选举将提交公司股东大会审议，非独立董事任期自股东大会审议 关于非独立董事辞职暨提名非独立董事候选人 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。 现代投资股份有限公司（以 ...

关于 2025 年前三季度计提信用减值及资产减值准备 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。 现代投资股份有限公司（以下简称"公司"）为真实、公允地反 映公司财务状况与 2025 年前三季度的经营成果，依据《企业会计准 则》等相关规定，对截至 2025 年 9 月 30 日合并报表范围内存在减值 迹象的资产计提减值准备合计 13,331.37 万元。 一、计提减值准备情况概述 （一）本次计提减值准备的原因 根据《企业会计准则》等相关规定的要求，为真实、准确地反映 公司的资产状况和财务状况，基于谨慎性原则，公司对截至 2025 年 9 月 30 日合并报表范围内各项资产进行全面清查和减值测试，对合 并报表范围内可能发生信用减值损失、资产减值损失的有关资产计提 相应减值准备。 （二）本次计提减值准备的资产范围和总金额 公司本期计提信用减值准备及资产减值准备合计 13,331.37 万 元。本期计提减值准备的资产项目包括应收账款、其他应收款、债权 投资、其他债权投资、长期应收款、发放贷款、保理应收款、固定资 产、无形资产、其他非流动资产、在建工程、合 ...

证券代码：000900 证券简称：现代投资 公告编号：2025-032 现代投资股份有限公司 关于召开 2025 年第二次临时股东大会的通知 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、召开会议的基本情况 1、股东会届次：2025 年第二次临时股东大会 2、股东会的召集人：董事会 3、会议召开的合法、合规性：本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券 交易所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市公司规范运作》等 法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 7、出席对象： （1）在股权登记日持有公司股份的普通股股东或其代理人; 于股权登记日下午收市时，在中国结算深圳分公司登记在册的公司全体普通股股东均有权出席本次股东 大会，并可以以书面形式委托代理人出席会议和参加表决，该股东代理人不必是本公司股东。 （2）公司董事、监事和高级管理人员; （3）公司聘请的律师; 4、会议时间： （1）现场会议时间：2025 年 11 月 14 日 15:00 （2）网络投票时间：通过深圳证券交易所系统进 ...

证券简称：现代投资 证券代码：000900 公告编号：2025-031 现代投资股份有限公司 第九届监事会第七次会议决议公告 本公司及监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、监事会会议召开情况 现代投资股份有限公司（以下简称"公司"）第九届监事会第七 次会议通知已于 2025 年 10 月 20 日以通讯方式送达各位监事。本次 会议于 2025 年 10 月 28 日以现场结合通讯方式召开。会议应出席会 议监事 6 名，实际出席会议监事 6 名，其中监事唐波先生、刘立勇先 生、潘烨先生、职工监事王晏辉女士以通讯方式参与表决。会议由公 司监事会主席雷楷铭先生主持，会议的召开符合有关法律、行政法规、 部门规章、规范性文件和《公司章程》的规定。 二、监事会会议审议情况 （一）审议通过了《2025 年第三季度报告》。 监事会认为：董事会编制和审议公司《2025 年第三季度报告》 的程序符合法律、行政法规及中国证监会的规定，报告内容真实、准 确、完整地反映了公司的实际情况，不存在任何虚假记载、误导性陈 述或者重大遗漏。 详见公司同日披露的《2025 年第三季度报告》 ...

证券简称：现代投资 证券代码：000900 公告编号：2025-030 现代投资股份有限公司 第九届董事会第十次会议决议公告 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、董事会会议召开情况 现代投资股份有限公司（以下简称"公司"）第九届董事会第十 次会议通知已于 2025 年 10 月 20 日以通讯方式送达各位董事。本次 会议于 2025 年 10 月 28 日以现场结合通讯方式召开。会议应出席会 议董事 8 名，实际出席会议董事 8 名，其中董事长罗卫华先生以通讯 方式参与表决。会议由公司副董事长、总经理唐前松先生主持，公司 监事及高管列席了会议。会议的召开符合有关法律、行政法规、部门 规章、规范性文件和《公司章程》的规定。 详见公司同日披露的《2025 年第三季度报告》。 （二）审议通过《关于修订〈公司章程〉及附件的议案》。 根据相关法律法规、规范性文件的最新规定，公司拟不再设监事 会和监事，由董事会审计委员会行使《公司法》规定的监事会职权， 公司《监事会议事规则》相应废止。同时结合公司实际情况，对《公 司章程》及附件《董事会议事规则》《股东会议 ...

证券简称：现代投资 证券代码：000900 公告编号：2025-035 现代投资股份有限公司 关于吸收合并全资子公司的公告 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。 二、被合并方基本情况 公司名称：湖南省溆怀高速公路建设开发有限公司 成立时间：2009 年 6 月 30 日 注册地址：长沙市芙蓉区远大一路 649 号 001 栋 657 室 一、吸收合并概述 现代投资股份有限公司（以下简称"公司"）拟对全资子公司湖 南省溆怀高速公路建设开发有限公司（以下简称"溆怀公司"）进行 吸收合并，吸收合并完成后，溆怀公司的独立法人资格将依法注销， 溆怀公司的全部业务、资产、债权、债务、人员及其他权利义务均由 公司依法承继。 公司于 2020 年 11 月 18 日召开公司第七届董事会第四十四次会 议及 2020 年 12 月 4 日召开的 2020 年第二次临时股东大会审议通过 了《关于吸收合并全资子公司湖南省溆怀高速公路建设开发有限公司 的议案》，同意公司对全资子公司溆怀公司进行吸收合并。 近期，公司在办理溆怀公司工商注销过程中，因原股东大会决议 时间过长，市场 ...

Financial Performance - The company's operating revenue for Q3 2025 was ¥1,402,067,800, a decrease of 41.37% compared to the same period last year[4] - Net profit attributable to shareholders for Q3 2025 was ¥134,825,499, down 9.34% year-on-year, while the net profit excluding non-recurring gains and losses was ¥131,684,250, a decrease of 9.91%[4] - The company's basic and diluted earnings per share for Q3 2025 were both ¥0.0888, down 9.39% year-on-year[4] - Total operating revenue decreased to ¥5,578,677,563.94 from ¥6,150,191,162.69, representing a decline of approximately 9.3% year-over-year[23] - Operating income fell to ¥5,166,397,158.95 from ¥5,724,097,810.31, a decrease of about 9.7%[23] - Net profit increased to ¥525,695,926.87 compared to ¥494,291,228.84, marking an increase of about 6.4% year-over-year[25] - Profit attributable to shareholders of the parent company rose to ¥433,447,811.07 from ¥406,213,741.38, an increase of approximately 6.7%[25] - Total comprehensive income amounted to CNY 524,746,374.70, an increase from CNY 507,495,514.76 in the previous period, with the parent company's share at CNY 432,498,258.90 compared to CNY 419,418,027.30[26] - Basic and diluted earnings per share increased to CNY 0.2586 from CNY 0.2345[26] Cash Flow and Assets - The net cash flow from operating activities increased by 33.97% to ¥2,763,584,871.68 for the first nine months of 2025 compared to the same period in 2024[11] - The company's cash and cash equivalents increased to approximately ¥4.16 billion from ¥3.78 billion, reflecting a growth of 9.8%[18] - Total current assets reached approximately ¥9.48 billion, up from ¥8.78 billion, indicating a growth of 7.9%[18] - The company's debt investment increased to approximately ¥4.81 billion from ¥3.88 billion, a rise of 23.9%[18] - Operating cash inflow from sales of goods and services reached CNY 6,509,769,876.77, up from CNY 6,357,404,046.33[29] - Net cash generated from operating activities was CNY 2,763,584,871.68, compared to CNY 2,062,895,454.35 in the previous period[30] - Cash outflow from investment activities totaled CNY 5,972,390,802.48, a decrease from CNY 12,196,958,939.43[31] - Cash inflow from investment activities was CNY 4,201,940,106.78, significantly lower than CNY 11,279,426,782.76 in the previous period[30] - Cash and cash equivalents at the end of the period were CNY 3,762,724,441.68, down from CNY 4,220,544,884.15[32] Shareholder Information - The total number of common shareholders at the end of the reporting period is 42,424[13] - The largest shareholder, Hunan Provincial Highway Group, holds 27.19% of shares, totaling 412,666,971 shares[14] - The second-largest shareholder, Hunan Rail Transit Holding Group, owns 11.32% of shares, amounting to 171,861,349 shares[14] - The company has a total of 1,000,000 shares held by the top ten unrestricted shareholders[15] - The company has not disclosed any related party relationships among the top shareholders[16] Expenses and Liabilities - The company experienced a 69.50% increase in sales expenses, totaling ¥37,771,588.91 for the first nine months of 2025[10] - Investment income decreased by 85.21% to ¥36,343,563.24, primarily due to reduced profits from futures trading and decreased investment income from a subsidiary[10] - Total operating costs decreased to ¥4,849,559,204.37 from ¥5,514,661,177.60, reflecting a reduction of approximately 12.1%[23] - Research and development expenses decreased to ¥14,446,777.59 from ¥17,951,849.03, a decline of about 19.1%[24] - Financial expenses decreased to ¥576,099,077.14 from ¥701,379,706.46, a reduction of approximately 17.8%[24] - Total liabilities increased to ¥45,276,073,415.31 from ¥43,821,268,449.18, an increase of approximately 3.3%[20] Asset Changes - Total assets as of September 30, 2025, were ¥59,573,654,775.26, reflecting a 2.48% increase from the end of the previous year[4] - Total assets increased to ¥59,573,654,775.26 from ¥58,130,305,893.18, reflecting a growth of about 2.5%[21] - Total equity decreased slightly to ¥14,297,581,359.95 from ¥14,309,037,444.00, a decrease of about 0.1%[21] Government Support and Future Plans - The company received government subsidies amounting to ¥192,384.34 in Q3 2025, contributing to its financial performance[6] - The company received registration notices for medium-term notes, indicating future financing capabilities[16] - The company plans to stop charging tolls on the Changyong Expressway starting November 1, 2025, transitioning it to a free highway[16] Other Financial Metrics - The company reported a significant increase in receivables, with accounts receivable rising by 4274.21% to ¥2,753,550 as a result of clients using bank acceptance bills for settlement[9] - The company recorded a substantial increase in derivative financial assets, which rose by 341.50% to ¥20,940,900, attributed to changes in the fair value of futures positions[9]

Core Insights - The futures concept sector experienced a decline of 0.36% on October 28, with the leading drop from Wuchan Zhongda [1] - The Shanghai Composite Index closed at 3988.22, down 0.22%, while the Shenzhen Component Index closed at 13430.1, down 0.44% [1] Sector Performance - Notable gainers in the futures concept sector included: - Ruida Futures (002961) with a closing price of 24.29, up 5.75%, and a trading volume of 354,300 shares, totaling 861 million yuan [1] - Xiamen Guomao (600755) closed at 6.81, up 5.26%, with a trading volume of 1,649,200 shares, totaling 1.117 billion yuan [1] - Yuanda Environmental (600292) closed at 12.83, up 3.05%, with a trading volume of 301,900 shares, totaling 389 million yuan [1] - Major decliners included: - Wuchan Zhongda (600704) closed at 5.88, down 4.70%, with a trading volume of 2,257,700 shares, totaling 1.336 billion yuan [2] - Zhongjin Lingnan (000060) closed at 5.50, down 3.51%, with a trading volume of 1,289,500 shares, totaling 716 million yuan [2] - Zhongke Jincai (002657) closed at 30.78, down 2.75%, with a trading volume of 295,100 shares, totaling 903 million yuan [2] Capital Flow - The futures concept sector saw a net outflow of 705 million yuan from main funds, while retail funds experienced a net inflow of 296 million yuan [2][3] - Notable capital flows included: - Ruida Futures had a main fund net inflow of 150 million yuan, but retail funds saw a net outflow of 91.24 million yuan [3] - Yong'an Futures (600927) had a main fund net inflow of 43.91 million yuan, with retail funds experiencing a net outflow of 22.76 million yuan [3] - Yuanda Environmental had a main fund net inflow of 37.84 million yuan, with retail funds seeing a net outflow of 26.08 million yuan [3]

Core Points - The first highway in Hunan Province, Changyong Expressway, will be free of tolls starting from November 2, 2025, as confirmed by Modern Investment Co., Ltd [1][5] - Changyong Expressway, which opened on December 28, 1994, is 27 kilometers long and connects Huanghua Airport with downtown Changsha, marking the end of Hunan's "no expressway" history [3][5] Summary by Sections Toll Policy - The toll period for Changyong Expressway was originally set for 30 years, from December 28, 1994, to December 27, 2024 [5] - Due to compensatory policies, the toll period has been extended to November 1, 2025, accounting for 79 days of compensation [5] Current Highway Status - After November 2, 2025, Changyong Expressway will join a few other expressways in China that have ceased toll collection [6] - Other expressways in Hunan that are approaching the 30-year mark include Changsha to Xiangtan Expressway (opened December 1996), Changsha to Yiyang Expressway (opened July 1998), and others [6][7]