现代投资深化“一体两翼”战略，前三季度优化债务结构助推盈利增长

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]