Company Overview - China Merchants Highway Network Technology Holdings Co., Ltd. is primarily engaged in toll road operations and transportation technology services, with revenue contributions of 79.07% from investment operations, 16.15% from transportation technology, 2.68% from intelligent transportation, and 2.10% from transportation ecology [1] - The company was established on December 18, 1993, and was listed on December 25, 2017 [1] Financial Performance - For the first half of 2025, the company reported a revenue of 5.663 billion yuan, a year-on-year decrease of 5.36%, and a net profit attributable to shareholders of 2.504 billion yuan, down 7.56% year-on-year [2] - Cumulative cash dividends since the company's A-share listing amount to 16.902 billion yuan, with 9.019 billion yuan distributed over the past three years [3] Stock Performance - As of September 5, the stock price of China Merchants Highway fell by 2.04% to 10.10 yuan per share, with a total market capitalization of 68.885 billion yuan [1] - The stock has declined by 25.37% year-to-date, with a 2.98% drop over the last five trading days, 12.10% over the last 20 days, and 14.65% over the last 60 days [1] Shareholder Information - As of June 30, the number of shareholders increased to 36,100, a rise of 14.34%, while the average circulating shares per person decreased by 12.54% to 188,855 shares [2] - The seventh largest circulating shareholder, Hong Kong Central Clearing Limited, held 99.1263 million shares, a decrease of 9.8392 million shares compared to the previous period [3] Market Activity - On September 5, the net outflow of main funds was 3.8038 million yuan, with large orders accounting for 15.98% of purchases and 17.06% of sales [1]
招商公路跌2.04%,成交额7600.48万元,主力资金净流出380.38万元