招商公路：蜀道资本控股集团有限公司累计质押股份数量约为1.77亿股

Core Viewpoint - The announcement from China Merchants Highway indicates significant share pledges by Shudao Capital Holdings, which may impact the company's financial stability and investor confidence [1] Company Summary - As of the announcement date, Shudao Capital Holdings has pledged approximately 177 million shares, representing 45% of its total holdings [1] - For the first half of 2025, the revenue composition of China Merchants Highway is as follows: investment operation segment accounts for 79.07%, traffic technology segment for 16.15%, smart transportation segment for 2.68%, and ecological segment for 2.1% [1] - The current market capitalization of China Merchants Highway is 67.9 billion yuan [1]