证券代码：001965 证券简称：招商公路 证券代码：524480 证券简称：25 招路 KY01 招商局公路网络科技控股股份有限公司 2025 年面向专业投资者公开 发行科技创新可续期公司债券（第一期）发行结果公告 本公司及董事会全体成员保证公告内容真实、准确和完整，并对公告中的虚假记 载、误导性陈述或者重大遗漏承担责任。 招商局公路网络科技控股股份有限公司（以下简称"发行人"）发行不超过 人民币 100 亿元公司债券已获得中国证券监督管理委员会证监许可〔2024〕1948 号文注册。根据《招商局公路网络科技控股股份有限公司 2025 年面向专业投资 者公开发行科技创新可续期公司债券（第一期）发行公告》，招商局公路网络科 技控股股份有限公司 2025 年面向专业投资者公开发行科技创新可续期公司债券 （第一期）（以下简称"本期债券"）发行规模为不超过 15.50 亿元（含 15.50 亿 元），发行价格为每张 100 元，采取网下面向专业投资者询价配售相结合的方式。 本期债券网下发行时间自 2025 年 10 月 22 日至 2025 年 10 月 23 日，具体发 行情况如下： 1、网下发行 最终网下实际发 ...

Core Viewpoint - The company has completed its share repurchase plan, indicating a strategic move to enhance shareholder value and potentially signal confidence in its future performance [1] Group 1 - As of October 22, 2025, the company has implemented its share repurchase plan [1] - The company repurchased a total of 25,242,402 shares [1] - The repurchased shares represent 0.37010% of the company's total share capital [1]

截至发稿，招商公路市值为702亿元。 每经头条（nbdtoutiao）——四次登上央视，知名大佬"消失"5年，我们在水果仓库找到了他！从月薪 5000到千亿市值公司联席总裁，他45岁再创业 （记者 曾健辉） 每经AI快讯，招商公路（SZ 001965，收盘价：10.29元）10月23日晚间发布公告称，截至2025年10月22 日，公司通过股份回购专用证券账户，以集中竞价方式累计回购公司股份约2524万股，占公司总股本的 0.3701%，实际回购时间区间为2025年1月23日至2025年10月22日。 2025年1至6月份，招商公路的营业收入构成为：投资运营板块占比79.07%，交通科技板块占比 16.15%，智慧交通板块占比2.68%，招商生态板块占比2.1%。 ...

证券代码：001965 证券简称：招商公路 公告编号：2025-63 招商局公路网络科技控股股份有限公司 关于股份回购实施结果暨股份变动的公告 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。 招商局公路网络科技控股股份有限公司（以下简称"公司"或"招商公路"） 于 2024 年 10 月 16 日召开第三届董事会第二十五次会议，并于 2024 年 11 月 1 日召开 2024 年第二次临时股东大会，会议分别审议通过了《关于公司以集中竞 价交易方式回购公司股份的议案》，公司拟以集中竞价交易方式回购公司已发行 的部分人民币普通股（A 股）股票，本次回购的股份将全部予以注销并减少注册 资本。本次回购股份价格不超过人民币 18.10 元/股（含），本次回购资金总额不 低于人民币 31,000 万元（含）且不超过人民币 61,800 万元（含）。本次回购方 案具体内容详见公司刊登在《中国证券报》《证券时报》《上海证券报》及巨潮资 讯网（http://www.cninfo.com.cn）的相关公告。 截至 2025 年 10 月 22 日，公司本次回购股份方案已实施完毕 ...

Core Viewpoint - The article discusses the performance and characteristics of the CSI 300 Dividend Low Volatility Index and its associated ETF, highlighting its recent market behavior, liquidity, and investment opportunities in the dividend sector amidst a changing economic landscape [1][2][3]. Group 1: Market Performance - As of October 23, 2025, the CSI 300 Dividend Low Volatility Index decreased by 0.05%, with mixed performance among constituent stocks [1]. - Postal Savings Bank led the gains with an increase of 3.32%, while Conch Cement experienced the largest decline [1]. - The CSI 300 Dividend Low Volatility ETF (515300) showed a trading turnover of 0.81% and a transaction volume of 39.5 million yuan [2]. Group 2: Fund Size and Inflows - The latest size of the CSI 300 Dividend Low Volatility ETF reached 4.873 billion yuan [2]. - Over the past five trading days, the ETF recorded net inflows on three occasions, totaling 163 million yuan [2]. Group 3: Historical Performance - As of October 22, 2025, the CSI 300 Dividend Low Volatility ETF's net value increased by 58.14% over the past five years, ranking in the top 8.52% among index equity funds [2]. - The ETF has achieved a maximum monthly return of 13.89% since inception, with the longest consecutive monthly gain being five months and an average monthly return of 3.57% during rising months [2]. Group 4: Sector Insights - Bank of China International noted a "seesaw" relationship between the dividend sector and the TMT sector, suggesting that the dividend sector may serve as a safe haven for funds during periods of weak market sentiment [2]. - Key sectors to focus on include banking, coal, electricity, and transportation, which are part of the dividend sector [2]. Group 5: High Dividend Stocks - As of September 30, 2025, the top ten weighted stocks in the CSI 300 Dividend Low Volatility Index accounted for 35.84% of the index, with China Shenhua and Shuanghui Development being the top two [3][5]. - The top ten stocks include Gree Electric, Sinopec, and China Mobile, among others, indicating a diverse range of industries represented [3][5].

（文章来源：证券时报网） 招商公路10月22日大宗交易平台出现一笔成交，成交量49.58万股，成交金额510.67万元，大宗交易成交 价为10.30元。该笔交易的买卖双方均为机构专用席位。 进一步统计，近3个月内该股累计发生3笔大宗交易，合计成交金额为1474.03万元。 两融数据显示，该股最新融资余额为2.10亿元，近5日减少347.88万元，降幅为1.63%。（数据宝） 10月22日招商公路大宗交易一览 | 成交量（万 | 成交金额（万 | 成交价格 | 相对当日收盘折溢价 | 买方营业 | 卖方营业 | | --- | --- | --- | --- | --- | --- | | 股） | 元） | （元） | （%） | 部 | 部 | | 49.58 | 510.67 | 10.30 | 0.00 | 机构专用 | 机构专用 | 证券时报·数据宝统计显示，招商公路今日收盘价为10.30元，上涨1.48%，日换手率为0.29%，成交额为 1.99亿元，全天主力资金净流入1301.15万元，近5日该股累计上涨0.59%，近5日资金合计净流入3770.32 万元。 ...

Group 1 - The core transaction of China Merchants Highway involved a block trade of 495,800 shares, with a total transaction value of 5.1067 million yuan, accounting for 2.5% of the total trading volume on that day [1][2] - The transaction price was 10.3 yuan per share, which remained stable compared to the market closing price of 10.3 yuan [1][2]

Core Viewpoint - The railway and highway sector experienced a slight increase of 0.69% on October 22, with Wan Tong Expressway leading the gains, while the overall Shanghai Composite Index fell by 0.07% [1] Group 1: Market Performance - The Shanghai Composite Index closed at 3913.76, down 0.07% - The Shenzhen Component Index closed at 12996.61, down 0.62% - Wan Tong Expressway (600012) saw a closing price of 14.85, with a rise of 3.77% and a trading volume of 174,400 shares, amounting to a transaction value of 255 million yuan [1] - Other notable performers included Shandong Expressway (600350) with a 3.00% increase, closing at 9.28, and China Merchants Highway (001965) with a 1.48% increase, closing at 10.30 [1] Group 2: Capital Flow - The railway and highway sector experienced a net outflow of 369 million yuan from institutional investors, while retail investors saw a net inflow of 397 million yuan [2] - The top three stocks by net inflow from institutional investors were Wan Tong Expressway (600012) with 26.95 million yuan, Shandong Expressway (600350) with 21.30 million yuan, and China Merchants Highway (001965) with 11.42 million yuan [3] - Conversely, the largest net outflows from retail investors were observed in China Merchants Highway (001965) with 25.51 million yuan and Shandong Expressway (600350) with 17.36 million yuan [3]

证券代码：001965 证券简称：招商公路 公告编号：2025-62 招商局公路网络科技控股股份有限公司 关于召开 2025 年第三季度业绩说明会的公告 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。 特别提示： 业绩说明会召开时间：2025 年 10 月 30 日（星期四）15:00-16:00 业绩说明会召开方式：网络互动方式 业绩说明会召开网址：中证路演中心（https://www.cs.com.cn/roadshow/） 招商局公路网络科技控股股份有限公司（以下简称"公司"）将于 2025 年 10 月 27 日 在 深 圳 证 券 交 易 所 网 站 （ www.szse.cn) 和 巨 潮 资 讯 网 （www.cninfo.com.cn)披露公司《2025 第三季度报告》。为加强与投资者交流， 使投资者更加全面深入了解公司经营情况，公司将于2025年10月30日召开2025 年第三季度网上业绩说明会，欢迎广大投资者积极参与。 现就 2025 年第三季度业绩说明会提前向广大投资者征集相关问题，广泛听 取投资者的意见和建议。 一、业绩说明会召开的时间 ...

Group 1 - The company successfully issued the second phase of ultra-short-term financing bonds for the year 2025 on October 15, 2025, with a total issuance scale of 90 million yuan [3] - The main underwriters for this issuance included China Postal Savings Bank with a subscription scale of 60 million yuan (40% of the total) and Agricultural Bank of China with a subscription scale of 30 million yuan (20% of the total) [3] - The company has not directly subscribed to the bonds, nor have its directors, senior management, or shareholders with more than 5% ownership participated in the subscription [3] Group 2 - The company received a registration notice from the China Interbank Market Dealers Association, confirming the acceptance of its debt financing tool registration, which is valid for two years [2][6] - The first phase of ultra-short-term financing bonds for 2025, issued on April 23, 2025, had a scale of 1.5 billion yuan, a term of 180 days, and an interest rate of 1.69% [6] - The first phase of the ultra-short-term financing bonds matured on October 21, 2025, and the company successfully repaid the principal and interest on the due date [5][6]