Core Insights - Modern Investment Co., Ltd. reported a net profit of 433 million yuan for the first three quarters of 2025, representing a year-on-year increase of 6.70% with basic earnings per share of 0.2586 yuan, up 10.28% [1] - The company emphasizes its "one body, two wings" development strategy, achieving stable operations despite a complex market environment [1] Financial Performance - The financial cost management has shown significant effectiveness, with interest expenses reduced to 596 million yuan, down 17.9% from 727 million yuan in the previous period, enhancing profitability [3] - The company’s undistributed profits reached 7.897 billion yuan, indicating steady growth [2] Core Business Operations - The core highway operation business continues to play a crucial role, covering key transportation lines in Hunan and the G4 Jinggang'ao Expressway, demonstrating resilience [1] - The company has implemented an integrated operation model at the Huaihua North Management Center, which has been successfully scaled up, showcasing its maturity and replicability [1] Diversified Growth Strategies - The financial services and industrial operations segments have made multiple breakthroughs, with the futures subsidiary's "insurance + futures" business expanding steadily, and bank subsidiary deposits increasing by 1.134 billion yuan [2] - In the industrial operations sector, significant advancements have been made in smart wastewater integration and fly ash resource utilization technologies, contributing to sustainable growth [2] Recognition and Governance - The company has received industry recognition for its governance, winning awards such as "Best Practice Case for Internal Control of Chinese Listed Companies in 2025" and achieving an AA rating in Wind ESG, ranking among the top three in the highway sector [2]

Core Insights - Modern Investment Co., Ltd. reported a net profit of 433 million yuan for the first three quarters of 2025, representing a year-on-year increase of 6.70% [1] - The basic earnings per share increased by 10.28% to 0.2586 yuan, indicating strong financial performance despite a complex market environment [1] - The company effectively controlled financial costs, with interest expenses decreasing by 17.9% to 596 million yuan compared to the same period last year [1] Financial Performance - The net cash flow from operating activities increased to 2.764 billion yuan, reflecting improved cash management [1] - Long-term borrowings decreased from 20.601 billion yuan at the beginning of the period to 20.001 billion yuan, showcasing effective debt structure optimization [1] Business Operations - The core business of highway operation continues to play a crucial role, with the company promoting an integrated management model [1] - The Huaihua North operation center's management experience has been successfully implemented at the Huaminglou operation center, enhancing operational efficiency [1] Two-Wing Business Strategy - In the financial services sector, the scale of the "insurance + futures" business at Dayou Futures has steadily expanded, with fund and trust products increasing by 38.76% compared to the beginning of the year [2] - The banking subsidiary saw a net increase of 1.134 billion yuan in customer deposits and interbank placements [2] Environmental and Governance Initiatives - Modern Investment's subsidiaries in environmental technology have renewed operating licenses and increased production capacity, making progress in integrated smart wastewater equipment and fly ash resource utilization technology [2] - The company has constructed 98 photovoltaic power stations, integrating traffic and energy resources [2] - Modern Investment received recognition as a "Best Practice Case for Internal Control of Chinese Listed Companies in 2025" and an "ESG Benchmark Enterprise Award," with a Wind ESG rating of AA, ranking among the top three in the industry [2] Future Outlook - The company plans to continue advancing its "one body, two wings" development strategy, solidifying its core highway business while promoting the scaling of diversified operations to enhance overall risk resistance and operational quality [2]

Core Insights - Modern Investment (000900.SZ) reported a total operating revenue of 5.579 billion yuan for Q3 2025, ranking 4th among disclosed peers [1] - The net profit attributable to shareholders was 433 million yuan, an increase of 27.234 million yuan compared to the same period last year, representing a year-on-year growth of 6.70% [1] - The net cash inflow from operating activities was 2.764 billion yuan, ranking 5th among disclosed peers, with a year-on-year increase of 701 million yuan, reflecting a growth of 33.97% [1] Financial Metrics - The latest gross profit margin is 27.11%, up by 2.44 percentage points from the previous quarter and 1.64 percentage points from the same period last year [2] - The return on equity (ROE) stands at 3.43%, an increase of 0.18 percentage points year-on-year [2] - The diluted earnings per share (EPS) is 0.26 yuan, an increase of 0.02 yuan compared to the same period last year, representing a year-on-year growth of 10.28% [2] - The total asset turnover ratio is 0.09 times, and the inventory turnover ratio is 5.15 times [2] Shareholder Structure - The number of shareholders is 42,400, with the top ten shareholders holding a total of 808 million shares, accounting for 53.25% of the total share capital [2] - The largest shareholder is Hunan Expressway Group Co., Ltd., holding 27.1% of shares [2] Debt Metrics - The latest debt-to-asset ratio is 76.00% [3]

Core Insights - Modern Investment (000900.SZ) reported a significant decline in revenue for Q3 2025, with total revenue of 1.402 billion yuan, representing a year-on-year decrease of 41.37% [1] - The company's net profit for Q3 2025 was 135 million yuan, down 9.34% compared to the same period last year [1] - For the first three quarters of 2025, the total revenue reached 5.166 billion yuan, a year-on-year decrease of 9.74%, while net profit increased by 6.70% to 433 million yuan [1]

Core Points - Modern Investment announced the resignation of non-independent director Meng Jie due to work adjustments [1] Summary by Category - **Company Announcement** - The board of directors received a resignation report from Meng Jie, who is stepping down from his position as a director of the ninth board of directors [1] - Meng Jie will also resign from his role as a member of the strategic committee under the board [1] - After his resignation, Meng Jie will no longer hold any position within the company [1]

现代投资股份有限公司 信息披露暂缓与豁免管理办法 第七条 公司及相关信息披露义务人有保守国家秘密的 义务，不得通过信息披露、投资者互动问答、新闻发布、接 受采访等任何形式泄露国家秘密，不得以信息涉密为名进行 业务宣传。公司董事长、董事会秘书应当增强保守国家秘密 的法律意识，保证所披露的信息不违反国家保密规定。 第一章 总 则 第一条 为规范现代投资股份有限公司（以下简称"公 司"）信息披露暂缓与豁免行为，根据《中华人民共和国公 司法》《上市公司信息披露管理办法》《上市公司信息披露 暂缓与豁免管理规定》《深圳证券交易所股票上市规则》（以 下简称《股票上市规则》）等有关法律、行政法规和规章， 以及《公司章程》《公司信息披露事务管理制度》的规定， 结合公司信息披露工作的实际情况，制定本办法。 第二条 公司及相关信息披露义务人按照《上市公司信 息披露管理办法》 《上市公司信息披露暂缓与豁免管理规 定》 《股票上市规则》及深圳证券交易所（以下简称深交 所）其他相关业务规则的规定，办理信息披露暂缓、豁免事 务的，适用本办法。 第三条 应当披露的信息存在《上市公司信息披露暂缓与 豁免管理规定》《股票上市规则》及深交所其他相 ...

现代投资股份有限公司 选聘会计师事务所管理办法 第一章 总则 第一条 为规范现代投资股份有限公司（以下简称"公 司"）选聘会计师事务所相关行为，切实维护公司及股东利 益，提高财务信息和审计工作质量，根据《中华人民共和国 公司法》《深圳证券交易所股票上市规则》《国有企业、上 市公司选聘会计师事务所管理办法》及相关法律、法规，结 合公司实际情况，制定本办法。 第二条 本办法所称选聘会计师事务所，是指公司根据 相关法律、法规要求，聘任会计师事务所对财务会计报告发 表审计意见、出具审计报告的行为。公司选聘会计师事务所 从事除财务会计报告审计之外的其他法定审计业务的，可比 照本办法执行。 第三条 公司聘用或解聘会计师事务所，应当由财务管 理部提出申请，经公司党委会前置研究，董事会审计委员会 （以下简称"审计委员会"）审议同意后，提交董事会审议， 并由股东会决定。公司不得在董事会、股东会审议通过前聘 请会计师事务所开展审计业务。 第四条 公司控股股东、实际控制人不得在公司董事会、 1 股东会审议前，向公司指定会计师事务所，不得干预审计委 员会独立履行选聘职责。 第二章 管理职责 第五条 审计委员会负责选聘会计师事务所工作 ...

现代投资股份有限公司 信息披露事务管理制度 第一章 总则 第一条 为规范现代投资股份有限公司（以下简称"公司" ）及其他信息披露义务人的信息披露行为，加强信息披露事务 管理，保护投资者合法权益，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》"）《公司债券发行与交易管理办法》《 上市公司信息披露管理办法》《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 5 号——信 息披露事务管理》《银行间债券市场非金融企业债务融资工具 信息披露规则》等法律、行政法规，制定本制度。 第二条 信息披露义务人，是指公司及其董事、高级管理 人员、股东、实际控制人，收购人，重大资产重组、再融资、 重大交易有关各方等自然人、单位及其相关人员，破产管理人 及其成员，以及法律、行政法规和中国证监会规定的其他承担 信息披露义务的主体。 第三条 本制度所称"信息"是指，根据法律法规、证券 监管部门规定要求应予披露的，已经或可能对公司债券、股 票及其衍生品种交易价格产生重大影响的重大事项、敏感信息 1 或其他信息。本制度所称"披露"是指，公司及相关信息披 露义务人应在规定 ...

现代投资股份有限公司 募集资金管理制度 第一章 总 则 第一条 为规范现代投资股份有限公司（以下简称"公 司"）募集资金管理，提高募集资金的使用效率，根据《中 华人民共和国证券法》、中国证监会《上市公司募集资金监 管规则》《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、规范性文件的有关规定，制 定本制度。 第二条 本制度所称募集资金是指公司通过发行股票或 者其他具有股权性质的证券，向投资者募集并用于特定用途 的资金，但不包括公司为实施股权激励计划募集的资金。 本制度所称超募资金是指实际募集资金净额超过计划 募集资金金额的部分。 第三条 上市公司募集资金应当专款专用。公司使用募 集资金应当符合国家产业政策和相关法律法规，践行可持续 发展理念，履行社会责任，原则上应当用于主营业务，有利 于增强公司竞争能力和创新能力。中国证监会对上市公司发 行股份、可转换公司债券购买资产并募集配套资金用途另有 规定的，从其规定。 第四条 公司董事会应当持续关注募集资金存放、管理 和使用情况，有效防范投资风险，提高募集资金使用效益。 1 公司的董事、高 ...

现代投资股份有限公司 投资者关系管理制度 第一章 总则 第一条 为加强现代投资股份有限公司（以下简称"公 司"）与投资者之间的有效沟通，促进公司完善治理，实现 公司高质量发展，切实保护投资者特别是中小投资者合法权 益，根据《中华人民共和国公司法》《中华人民共和国证券 法》《上市公司投资者关系管理工作指引》《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》 《公司章程》及其他有关法律、行政法规，结合公司实际情 况，制定本制度。 第二条 投资者关系管理是指公司通过便利股东权利行 使、信息披露、互动交流和诉求处理等工作，加强与投资者 及潜在投资者之间的沟通，增进投资者对公司的了解和认同， 以提升公司治理水平和企业整体价值，实现尊重投资者、回 报投资者、保护投资者目的的相关活动。 第三条 本制度是公司投资者关系管理的基本行为指南。 公司按照本制度的要求，积极、主动地开展投资者关系管理 工作，为投资者参与投资者关系管理活动提供便利。 公司控股股东、实际控制人以及董事和高级管理人员应 当高度重视、积极参与和支持投资者关系管理工作。 第二章 投资者关系管理的目标与原则 第四条 投资者关系管理的目标是 ...