SDRB(SZ:000498) Ge Long Hui·2025-09-10 12:55Core Viewpoint - Shandong Road and Bridge (000498.SZ) aims to broaden financing channels and enhance working capital turnover efficiency through the issuance of an asset-backed special plan, with a total issuance amount not exceeding 3 billion yuan [1] Group 1: Financing Strategy - The company plans to utilize its subsidiaries, Shandong High Commercial Factoring (Tianjin) Co., Ltd. and/or Zhongnuo Commercial Factoring (Shenzhen) Co., Ltd., as original equity holders to apply for the issuance of the "CITIC Securities - Shandong Expressway and Bridge - Shandong High Factoring 6-20 Asset-Backed Special Plan" series products [1] - The special plan will be issued in phases, with the specific scale of each phase detailed in the respective plan's explanatory document [1] Group 2: Financial Commitment - The company will act as the special plan's differential payment guarantor, assuming the obligation for any differential payments required [1] - The total issuance amount for the special plan is capped at 3 billion yuan, with the exact amount for each phase to be determined by the plan's explanatory document [1]