证券代码：001965 证券简称：招商公路 公告编号：2025-80 招商局公路网络科技控股股份有限公司 关于召开 2026 年第一次临时股东会的通知 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 （一）股东会届次：2026 年第一次临时股东会 （二）股东会的召集人：董事会 （三）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。 （四）会议时间： 2.公司董事和高级管理人员。 1 3.公司聘请的律师。 1.现场会议时间：2026 年 1 月 8 日 14:50 2.网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2026 年 1 月 8 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易 所互联网投票系统投票的具体时间为 2026 年 1 月 8 日 9:15 至 15:00 的任意 时间。 （五）会议的召开方式：现 ...

证券代码：001965 证券简称：招商公路 公告编号：2025-76 招商局公路网络科技控股股份有限公司 第三届董事会第三十八次会议决议公告 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。 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"） 第三届董事会第三十八次会议通知于 2025 年 12 月 15 日以电子邮件等方式送达 全体董事。本次会议于 2025 年 12 月 19 日以通讯表决的方式召开。本次会议应 表决董事 11 名，实际行使表决权董事 11 名（第六项、第七项议案实际行使表决 权董事 6 名）。会议的召集、召开符合有关法律、法规和《公司章程》的规定。 会议审议通过了如下议案： 一、审议《关于推荐公司第四届董事会非独立董事候选人的议案》。 公司第三届董事会任期已届满，按照《公司章程》的相关规定，公司进行董 事会换届选举。第四届董事会拟由十二名董事组成，其中八名为非独立董事、四 名为独立董事。 经符合推荐条件的股东推荐，董事会提名委员会审核，董事会同意推荐提名 宋嵘先生、杨旭东先生、张华先生、蔡昀先生、薛志旺先生、王永磊先生、赵 ...

招商公路(001965.SZ)公告，公司拟以自有资金向招商局慈善基金会捐赠公益金1500万元，用于开展扶 贫济困、助医助学、助教助残助孤、应急赈灾等公益活动。 ...

证券之星消息，12月19日铁路公路板块较上一交易日上涨0.42%，海汽集团领涨。当日上证指数报收于 3890.45，上涨0.36%。深证成指报收于13140.22，上涨0.66%。铁路公路板块个股涨跌见下表： | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入 (元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600611 | 大众交通 | 5835.66万 | 19.07% | -2070.68万 | -6.77% | -3764.98万 | -12.30% | | 603069 | 海汽集团 | 5554.08万 | 10.23% | -3166.88万 | -5.84% | -2387.19万 | -4.40% | | 001317 | 三手马 | 5209.40万 | 4.53% | -2767.11万 | -2.40% | -2442.29万 | -2.12% | | 600650 | 锦江在线 | 4608.73万 | 9.92% | -1564.89万 | ...

招商公路(001965.SZ)公告称，公司拟以自有资金向招商局慈善基金会捐赠公益金人民币1500万元，用 于扶贫济困、助医助学、助教助残助孤、应急赈灾等公益活动。此次捐赠构成关联交易，公司控股股 东、实际控制人与招商局慈善基金会出资人及管理人均为招商局集团有限公司。该捐赠事项已经公司第 三届董事会第三十八次会议审议通过，独立董事全票同意将该议案提交董事会审议。此次关联交易遵循 公开、公平、公正的原则，对公司本期以及未来财务状况、经营成果没有不利影响，对公司的独立性亦 无不利影响。 ...

格隆汇12月19日丨根据联交所最新权益披露资料显示，2025年12月16日，深圳高速公路股份(00548.HK)获招商局公路网络科技控股股份有限公司在场内以每 股均价7.231港元增持53.8万股，涉资约389.03万港元。 增持后，招商局公路网络科技控股股份有限公司最新持股数目为149,810,000股，持股比例由19.97%上升至20.04%。 | 表相序號 | 大股東/董事/最高行政人員名 作出披露的買入 / 賣出或涉及的 每股的平均價 | | | | | 持有權益的股份數目 佔已發行的有關事件的日 相關法團 | | --- | --- | --- | --- | --- | --- | --- | | | | | 版 防歌目 | | | ( 請参関上述 * 註 份自分比 年 | | CS20251217E00627 | 招商局公路网络科技控股股 | 1101(L) | | 538.000(L) | HKD 7.2310 | 149,810,000(L) 20.04(L)16/12/2025 | | | 份有限公司 | | | | | | ...

香港联交所最新数据显示，12月16日，招商局公路网络科技控股股份有限公司增持深圳高速公路股份 (00548)53.8万股，每股作价7.231港元，总金额约为389.03万港元。增持后最新持股数目约为1.498亿 股，持股比例为20.04%。 ...

证券代码：001965 证券简称：招商公路 公告编号：2025-75 招商局公路网络科技控股股份有限公司 2023 年度第二期中期票据兑付公告 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。 为保证招商局公路网络科技控股股份有限公司2023年度第二期中期票据（债 券简称：23招商公路MTN002，债券代码：102383299.IB）兑付工作的顺利进行， 现将有关事宜公告如下。 联系人：石超 联系方式：010-56529000 （二）存续期管理机构：招商银行股份有限公司 联系人：张连明 | 发行人名称 | 招商局公路网络科技控股股份有限公司 | | --- | --- | | 债项名称 | 招商局公路网络科技控股股份有限公司 2023 年度第二期中期票据 | | 债项简称 | 23 招商公路 MTN002 | | 债项代码 | 102383299.IB | | 发行总额(亿) | 12.5 | | 起息日 | 2023-12-11 | | 发行期限（年） | 2+N | | 债券余额(亿) | 12.5 | | 最新评级情况 | AAA | | 偿还类别 | 本 ...

Economic News - The Federal Reserve announced a 25 basis point reduction in the federal funds rate target range to 3.5%-3.75%, marking the third rate cut since 2025 [1] - Vietnam's National Assembly amended the mineral law to prohibit the export of rare earth ores starting January 1, 2026, emphasizing strict control over exploration and processing [1] - The Ministry of Human Resources and Social Security held a seminar in collaboration with the International Labour Organization [1] - The Ministry of Industry and Information Technology emphasized the importance of pilot innovation in manufacturing as a key link connecting innovation, technology, and industry [1] - The Ministry of Commerce plans to enhance policy support for the retail industry's innovation and transformation during the 15th Five-Year Plan period [1] - The Ministry of Commerce will work with local governments to implement policies to stabilize foreign trade and promote market diversification [1] - The China Textile Import and Export Chamber reported that yarn and fabric exports reached $69.18 billion from January to October 2025, a 2.1% year-on-year increase [1] - The Ministry of Finance plans to issue special government bonds due in 2025, with a total face value of CNY 400 billion for the first phase and CNY 350 billion for the second phase [1] - The National Internet Information Office is conducting a special campaign to rectify online chaos in the automotive industry [1] - The Ministry of Education reported an increase in the number of students returning from studying abroad, with 495,000 expected to return in 2024, a 19.1% increase from 2023 [1] Company News - Pop Mart announced changes in its board of directors, with new appointments effective December 10, 2025 [4] - Kweichow Moutai announced a cash dividend of CNY 23.957 per share, totaling CNY 30 billion, with the ex-dividend date on December 19 [4] - Nanjing Highway plans to invest up to CNY 9.033 billion in the construction of the Nanyang Yangtze River Bridge southern connection project [4] - ZTE Corporation is in communication with the U.S. Department of Justice regarding compliance investigations related to the Foreign Corrupt Practices Act [4] - Oracle reported Q2 FY2026 revenue of $16.1 billion, a 14% year-on-year increase, with cloud revenue of $8 billion, a 34% increase, but below market expectations [4] Transportation Industry - The transportation sector has shown signs of recovery, with the strong cycle sectors benefiting from anti-involution policies [5] - The focus for 2026 will remain on sectors benefiting from anti-involution and high certainty stocks, with a long-term impact expected from these policies [6] - The express delivery industry has seen a recovery in profitability, with rising prices and a reduction in low-price competition [7] - The airline sector has improved performance due to lower oil prices and better management of ticket pricing, with a cautious approach to aircraft procurement expected to continue [8] - The highway sector has experienced significant stock price adjustments, with a focus on high dividend yield and low debt ratio companies expected to gain more attention [9]

Investment Summary - The transportation industry has shown a significant underperformance compared to the broader market, ranking among the lowest in terms of growth within the Shenwan primary industry indices as of December 8, 2025 [15][16] - The implementation of anti-involution policies has positively impacted the fundamentals of certain segments within the transportation sector, particularly benefiting the aviation and express delivery sectors [26][30] 2026 Outlook - The focus for 2026 remains on sectors benefiting from anti-involution policies and high-certainty stocks, with a long-term impact expected from these policies on stock price movements [5][34] - Key sectors to watch include aviation, express delivery, and regional shipping, while high-dividend and low-debt companies are expected to attract more investor interest in weaker cyclical areas [5][34] Express Delivery Sector - The express delivery industry has seen a recovery in profitability driven by rising single-package prices, with major companies like YTO Express and Shentong Express showing significant improvements [6][35] - The trend of price competition has been curtailed, leading to a decrease in package volume growth as companies focus on maintaining service quality and profitability [6][38] - The competitive strategies among companies have diverged, with YTO and Shentong performing strongly, while Yunda has struggled with profitability and market share [42][53] Aviation Sector - The aviation sector has experienced a notable improvement in performance since Q2 2025, with major airlines reporting increased profitability compared to the previous year [63][64] - The focus for 2026 will be on the transition from high passenger load factors to higher ticket prices, supported by controlled supply and strong demand [69][87] - Major airlines are expected to maintain cautious procurement strategies, with a projected fleet growth of around 5% in 2026 [69][80] Highway Sector - The highway sector has faced significant adjustments in stock prices, leading to a more rational market approach towards high-dividend investments [8][4.1] - Following substantial adjustments, the attractiveness of highway stocks has improved, with a focus on companies with high dividend ratios and low debt levels [8][4.3]