（编辑 丛可心） 证券日报网讯 1月8日，招商公路发布公告称，公司于2026年1月8日召开2026年第一次临时股东会，选 举产生第四届董事会非独立董事和独立董事；同日召开第四届董事会第一次会议，选举宋嵘为董事长， 并聘任杨旭东为总经理。 ...

Core Viewpoint - The company announced the approval of multiple proposals, including the independent director allowance for the fourth board of directors during the first extraordinary shareholders' meeting of 2026 [2] Group 1 - The company is named招商公路 (China Merchants Highway) [2] - The announcement was made on January 8 [2] - The meeting focused on the approval of the independent director allowance proposal among other items [2]

证券代码：001965 证券简称：招商公路 公告编号：2026-03 招商局公路网络科技控股股份有限公司 关于董事会完成换届及聘任高级管理人员、证券事务代表的公告 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"） 于 2026 年 1 月 8 日召开 2026 年第一次临时股东会，会议选举产生了公司第四届 董事会非独立董事和独立董事。同日，公司召开第四届董事会第一次会议，会议 审议通过了关于选举董事长、董事会各专门委员会人员组成、聘任高级管理人员 及证券事务代表的议案。公司董事会换届选举已完成，现将相关情况公告如下： 一、公司第四届董事会及各专门委员会人员组成情况 （一）董事会成员 董事长：宋嵘 非独立董事：宋嵘、杨旭东、张华、蔡昀、薛志旺、王永磊、赵晶晶、王胜 伟 独立董事：曹文炼、沈翎、周黎亮、李兴华 （二）董事会各专门委员会组成情况 1．战略与可持续发展委员会 成员：宋嵘、杨旭东、张华、蔡昀、曹文炼、李兴华，主任委员：宋嵘。 2.提名委员会 成员：李兴华、周黎亮、沈翎、杨旭东、赵晶晶，主 ...

证券代码：001965 证券简称：招商公路 公告编号：2026-01 招商局公路网络科技控股股份有限公司 2026 年第一次临时股东会决议公告 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。 特别提示： 1、本次股东会无增加、变更、否决议案的情况； （一）经第三届董事会第三十八次会议推荐选举第四届董事会非独立董事 的议案 1、选举宋嵘先生为第四届董事会董事 同意股份 5,279,170,091股，占出席会议股东所持有表决权股份的 99.8904%。 其中，持有公司股份 5%以下的中小股东同意股份 285,713,424 股。 2、本次会议采取现场投票与网络投票结合的表决方式。 一、会议召开和出席情况 2025 年 12 月 20 日，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"）董事会以公告方式向全体股东发出召开公司 2026 年第一 次临时股东会的通知。本次会议以现场会议与网络投票相结合的方式召开。其中， 通过深圳证券交易所交易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 和 13 ...

北京市北斗鼎铭律师事务所 关于招商局公路网络科技控股股份有限公司 2026 年第一次临时股东会的 二○二六年一月 法律意见书 北京市北斗鼎铭律师事务所 北京市北斗鼎铭律师事务所 关于招商局公路网络科技控股股份有限公司 2026 年第一次临时股东会的 法律意见书 致：招商局公路网络科技控股股份有限公司 北京市北斗鼎铭律师事务所（以下简称本所）接受招商局公路网络科技控股 股份有限公司（以下简称公司）的委托，指派本所律师出席公司 2026 年第一次临 时股东会（以下简称本次股东会），对本次股东会的有关事项进行见证。本所律 师依据《中华人民共和国公司法》（以下简称《公司法》）、《中华人民共和国 证券法》（以下简称《证券法》）、《上市公司股东会规则》（以下简称《股东 会规则》）、《上市公司治理准则》（以下简称《治理准则》）等法律、行政法 规、部门规章和规范性文件，以及《招商局公路网络科技控股股份有限公司章程》 （以下简称《公司章程》）的规定，按照律师行业公认的业务标准、道德规范和 勤勉尽责精神，出具本法律意见书。 为出具本法律意见书，本所律师查阅了公司提供的有关本次股东会的相关文 件。本所律师仅根据本法律意见书出具日以 ...

证券代码：001965 证券简称：招商公路 公告编号：2026-02 招商局公路网络科技控股股份有限公司 第四届董事会第一次会议决议公告 根据董事长宋嵘先生提名，经董事会提名委员会审核，本次董事会审议，同 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"） 第四届董事会第一次会议通知于 2026 年 1 月 4 日以电子邮件等方式送达全体董 事、高级管理人员。本次会议于 2026 年 1 月 8 日下午 16:30 分在公司 1101 会议 室，以现场及通讯表决的方式召开。本次会议应表决董事 12 名，实际行使表决 权董事 12 名。其中，独立董事曹文炼先生以通讯方式出席会议。公司高级管理 人员列席会议。会议的召集、召开符合有关法律、法规和《公司章程》的规定。 会议由董事长宋嵘先生主持，会议审议通过了如下议案： 一、审议《关于选举第四届董事会董事长的议案》。 本次董事会审议，同意选举宋嵘先生为公司第四届董事会董事长。 表决结果：12 名董事同意，0 名董事反对，0 名董事弃权。 成员：沈翎、周黎 ...

Group 1 - The core viewpoint of the news highlights the recent trading performance and financial metrics of China Merchants Highway Network Technology Holdings Co., Ltd, indicating a slight decline in stock price and notable trading activity in margin financing and securities lending [1][2]. - As of January 7, the company experienced a stock price drop of 0.51%, with a trading volume of 177 million yuan. The margin financing data shows a net purchase of 10.94 million yuan, with a total margin balance of 224 million yuan [1]. - The company's financing balance is reported to be 223 million yuan, accounting for 0.33% of its market capitalization, which is below the 40th percentile of the past year, indicating a low level of margin financing [1]. Group 2 - As of September 30, the number of shareholders increased to 48,000, a rise of 32.84%, while the average circulating shares per person decreased by 24.72% to 142,170 shares [2]. - For the period from January to September 2025, the company reported a revenue of 8.703 billion yuan, reflecting a year-on-year decrease of 4.12%, and a net profit attributable to shareholders of 4.012 billion yuan, down 3.56% year-on-year [2]. - The company has distributed a total of 16.902 billion yuan in dividends since its A-share listing, with 9.019 billion yuan distributed over the past three years [3].

Core Insights - The railway and highway sector experienced a 0.3% increase on January 6, with Dazhong Transportation leading the gains [1] - The Shanghai Composite Index closed at 4083.67, up 1.5%, while the Shenzhen Component Index closed at 14022.55, up 1.4% [1] Sector Performance - Dazhong Transportation (600611) saw a closing price of 6.07, with a significant increase of 9.96% and a trading volume of 1.44 million shares [1] - Jinjiang Online (600650) closed at 16.59, up 7.24%, with a trading volume of 367,500 shares [1] - Dongguan Holdings (000828) closed at 11.05, increasing by 2.50% with a trading volume of 110,600 shares [1] - Other notable performers include Fulian Transportation (002357) and Tielong Logistics (600125), with increases of 2.34% and 1.71% respectively [1] Capital Flow - The railway and highway sector saw a net inflow of 28.07 million yuan from institutional investors, while retail investors experienced a net outflow of 39.93 million yuan [2] - Dazhong Transportation had a net inflow of 426 million yuan from institutional investors, representing 49.61% of its trading volume [3] - Jinjiang Online and Dongguan Holdings also experienced net inflows from institutional investors, but retail investors showed significant outflows [3]

Investment Rating - The report recommends a positive outlook for the shipping industry, particularly for VLCC (Very Large Crude Carrier) and related companies such as COSCO Shipping Energy and China Merchants Energy [2]. Core Insights - The report highlights the potential benefits from the political changes in Venezuela, which could lead to increased oil exports and a shift from black market operations to normal market conditions, positively impacting VLCC demand [2]. - New ship prices have shown an upward trend, with a 0.5% increase, indicating a positive market sentiment for shipbuilding [2]. - The report notes a significant drop in VLCC average freight rates, down 36% week-on-week, reflecting seasonal trends and geopolitical tensions [2]. - The aviation sector is expected to experience a significant boost due to rising passenger volumes and a constrained supply chain, suggesting a favorable environment for airlines [2]. - The express delivery sector is entering a new phase of competition, with potential for profit recovery and industry consolidation [2]. Summary by Sections Shipping Industry - Venezuela's shift to normal market operations could increase oil supply and demand for VLCCs, with a projected increase in compliant VLCC oil transport demand by approximately 1.4% [2]. - The report indicates a notable decline in VLCC freight rates, with Middle East to Far East rates dropping by 45% [2]. - The report recommends companies like COSCO Shipping Energy and China Merchants Energy due to their favorable positioning in the VLCC market [2]. Aviation Sector - The report emphasizes the ongoing challenges in the aircraft manufacturing supply chain and the aging fleet, which is expected to limit supply while demand continues to grow [2]. - Airlines are anticipated to see significant improvements in profitability, marking a potential golden era for the sector [2]. - Recommended airlines include China Eastern Airlines, China Southern Airlines, and Spring Airlines, among others [2]. Express Delivery - The express delivery industry is undergoing a transformation, with three potential scenarios outlined: profit recovery, increased competition, and consolidation [2]. - Companies such as Shentong Express and YTO Express are highlighted for their resilience and growth potential [2]. Rail and Road Transport - The report notes stable growth in railway freight and highway truck traffic, with December data showing a slight decrease in volumes but overall resilience [2]. - Investment opportunities in high-dividend stocks and undervalued companies in the highway sector are suggested [2].

Investment Rating - The report maintains a positive outlook on the shipping industry, particularly in light of recent developments in Venezuela and the increase in new ship prices [1][2]. Core Insights - Venezuela's political changes are expected to benefit compliant tanker markets, with a potential increase in oil exports leading to higher demand for Aframax tankers and VLCCs [3][4]. - New ship prices have shown an upward trend, with a 0.5% increase reported, particularly in gas carriers which rose by 1% [3]. - The report highlights a significant drop in VLCC freight rates, which fell by 36% week-on-week, while the Atlantic market remains relatively stable [3][4]. Summary by Sections Shipping Market - The report notes that the recent escalation in Venezuela's situation could lead to a 1.4% increase in compliant VLCC oil transport demand and a 4.0% increase for Aframax tankers [3][4]. - The average VLCC freight rate was reported at $43,895 per day, with Middle East to Far East rates dropping to $38,690 per day, a decrease of 45% from the previous week [3][4]. New Ship Prices - New ship prices have increased by 0.5% to 185.59 points, although they are down 1.85% compared to the beginning of 2025 [3][4]. Oil and Product Transport - The LR2-TC1 freight rate increased by 5% to $42,671 per day, supported by tight capacity in previous weeks [3]. - The report indicates a decline in MR average freight rates by 5% to $23,103 per day, with the Atlantic market remaining stable despite the holiday season [3][4]. Air Transport - The report anticipates significant improvements in airline profitability due to supply constraints and increasing passenger volumes, recommending several airlines for investment [3][4]. Express Delivery - The express delivery sector is entering a new phase of competition, with three potential scenarios outlined for future performance [3][4]. Rail and Road Transport - Rail freight volumes and highway truck traffic are expected to maintain steady growth, with recent data showing a slight decrease in volumes [3][4].