| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 000828 | 东莞控股 | 12.01 | 5.35% | 24.36万 | | 2.91亿 | | 600377 | 宁沪高速 | 12.92 | 3.19% | 14.23万 | | 1.82亿 | | 002357 | 富临远业 | 10.28 | 2.80% | 28.09万 | | 2.99亿 | | 600012 | 皖通高速 | 13.52 | 2.19% | 8.43万 | | 1.13亿 | | 603069 | 海汽集团 | 22.09 | 1.99% | 10.99万 | | 2.42亿 | | 600650 | 锦江在线 | 16.44 | 1.92% | 8.74万 | | 1.43亿 | | 600020 | 中原高速 | 4.33 | 1.88% | 14.66万 | | 6306.90万 | | 600561 | 江西长远 | 6.78 | 1.80% | 15.19万 | | 1.03亿 | | ...

证券之星消息，10月9日铁路公路板块较上一交易日上涨0.18%，重庆路桥领涨。当日上证指数报收于 3933.97，上涨1.32%。深证成指报收于13725.56，上涨1.47%。铁路公路板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600106 | 重庆路桥 | 6.47 | 2.54% | 51.20万 | 3.28亿 | | 000828 | 东莞控股 | 11.40 | 2.06% | 11.49万 | · 1.31亿 | | 000429 | 粵高速 A | 11.07 | 1.65% | 13.03万 | 1.43亿 | | 600611 | 大众交通 | 6.14 | 1.49% | - 38.57万 | 2.36亿 | | 000557 | 西部创业 | 5.19 | 1.37% | 12.70万 | 6558.84万 | | 601188 | 龙江交通 | 3.46 | 1.17% | 13.66万 | 4675.74万 | | 601518 | 吉林高速 ...

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600012 | 皖通高速 | 13.33 | -1.77% | 9.69万 | 1.30亿 | | 601816 | 京沪高铁 | 5.13 | -1.72% | 205.57万 | 10.60亿 | | 000828 | 东莞控股 | 11.17 | -1.41% | 6.92万 | 7750.57万 | | 601006 | 大奏铁路 | 5.89 | -1.34% | 156.74万 | 9.25 6 | | 001965 | 招商公路 | 9.74 | -1.32% | 14.70万 | 1.44亿 | | 600548 | 深高速 | 9.95 | -1.29% | 4.16万 | 4150.80万 | | 000548 | 湖南投资 | 5.27 | -1.13% | 4.46万 | 2365.29万 | | 601518 | 吉林高速 | 2.70 | -1.10% | 13.50万 | 3666.60万 | | 601107 | ...

Market Overview - On September 29, the railway and highway sector rose by 0.41% compared to the previous trading day, with Fulin Transportation leading the gains [1] - The Shanghai Composite Index closed at 3862.53, up 0.9%, while the Shenzhen Component Index closed at 13479.43, up 2.05% [1] Stock Performance - Notable gainers in the railway and highway sector included: - Fulin Transportation (002357) with a closing price of 10.00, up 2.35% on a trading volume of 83,100 shares and a turnover of 82.01 million yuan [1] - Anhui Expressway (600012) closed at 13.57, up 1.95% with a trading volume of 151,300 shares and a turnover of 204 million yuan [1] - Dongguan Holdings (000828) closed at 11.33, up 1.80% with a trading volume of 84,900 shares and a turnover of 95.34 million yuan [1] Fund Flow Analysis - The railway and highway sector experienced a net outflow of 274 million yuan from institutional investors, while retail investors saw a net inflow of 178 million yuan [2] - The sector's overall fund flow indicated that retail investors were more active compared to institutional investors on that day [2] Individual Stock Fund Flow - Key stocks with significant fund flow included: - Haikou Group (603069) with a net inflow of 20.84 million yuan from institutional investors, but a net outflow of 19.49 million yuan from retail investors [3] - Sichuan Chengyu (601107) had a net inflow of 7.74 million yuan from institutional investors, while retail investors saw a net outflow of 612.25 million yuan [3] - Hainan Expressway (000886) recorded a net inflow of 11.83 million yuan from institutional investors, but retail investors had a net outflow of 660.90 million yuan [3]

Investment Rating - The report maintains a positive outlook on the shipping and shipbuilding sectors, recommending specific companies such as China Merchants Energy Shipping and China Shipbuilding Industry Corporation [4][5]. Core Insights - The report highlights a stabilization in second-hand ship prices, with VLCC (Very Large Crude Carrier) prices increasing by $1 million to $88 million and bulk carrier prices rising by $3.5 million to $50 million. The shipping sector is expected to recover, with a focus on companies like China Merchants Energy Shipping and China Shipbuilding Industry Corporation [4]. - The report emphasizes the resilience of VLCC freight rates, which have shown a 9% decline week-on-week but remain strong at around $81,884 per day. The demand for crude oil is expected to remain robust, supported by China's refinery operations and OPEC's production adjustments [4]. - The report notes that the logistics sector is entering a new phase of competition, with a focus on price stability and potential mergers and acquisitions in the express delivery industry. Companies like Shentong Express and YTO Express are highlighted for their competitive advantages [4][5]. Summary by Sections Shipping Sector - Second-hand ship prices have stabilized, with VLCC prices up by $1 million to $88 million and bulk carrier prices up by $3.5 million to $50 million. The shipping sector is expected to recover, with recommendations for China Merchants Energy Shipping and China Shipbuilding Industry Corporation [4]. - VLCC freight rates have shown resilience, currently at $81,884 per day, despite a 9% week-on-week decline. The demand for crude oil is expected to remain strong due to refinery operations in China and OPEC's production adjustments [4]. Logistics Sector - The express delivery industry is entering a new phase of competition, focusing on price stability and potential mergers and acquisitions. Companies like Shentong Express and YTO Express are highlighted for their competitive advantages [4][5]. Transportation Sector - The transportation index has decreased by 2.03%, underperforming the Shanghai Composite Index by 3.10 percentage points. The cross-border logistics sector showed the highest increase of 0.21%, while the road freight sector experienced the largest decline of 6.94% [5].

Group 1: Report Overview - Reported company: Jiangxi Changyun [16] - Industry: Railways and Highways [2] - Research date: September 26, 2025 [1] Group 2: Core Views - In the first half of 2025, the company's revenue decreased, but net profit was positive due to increased government subsidies [23] - In the second half of 2025, the company will focus on service optimization, cost - reduction, and efficiency - improvement [23] - The company is formulating its "15th Five - Year" plan, aiming at transformation and seeking new growth points [26] - The company attaches great importance to market value management and has formulated a relevant system [27] Group 3: Summary by Directory 01. Basic Research Information - Research object: Jiangxi Changyun [16] - Industry: Railways and Highways [16] - Reception time: September 26, 2025 [16] - Company reception staff: Chairman Wang Xiao, Independent Director Xiao Zhengshan, Director and Deputy General Manager Liu Lei, Financial Controller Fu Linyan, and Board Secretary Wei Chunyun [16] 02. Detailed Research Institutions - Institutions involved: Investors and others [19] 03. Proportion of Research Institutions - No specific proportion information provided 04. Main Content Data - **Profit growth in H1 2025**: Revenue decreased by 16.6275 million yuan year - on - year, cost increased by 19.6217 million yuan, but government subsidies increased by 47.8225 million yuan, resulting in a net profit of 5.7227 million yuan [23] - **H2 2025 business plan**: Focus on service optimization, integration, cost - reduction, and efficiency - improvement, promote asset light - transformation, and improve risk management [23][24] - **AI application**: The company pays attention to AI and other technologies to improve operation and management efficiency [24] - **Support from major shareholders**: Shareholders support the company in governance and industrial planning, and will disclose relevant plans as required [25] - **Other income in H1 2025**: 237 million yuan, mainly including line and operation subsidies, bus staff subsidies, fuel subsidies, and new - energy subsidies [25] - **Revenue decrease in H1 2025**: Mainly due to a 38.0469 million yuan decrease in road passenger transport revenue, a 10.7592 million yuan decrease in sales revenue, and a 49.7466 million yuan increase in road freight revenue [25] - **"15th Five - Year" plan**: Under formulation, aiming at customer - centered transformation, technology - driven development, and seeking new growth points [26] - **Market value management**: A system was formulated in August 2025, focusing on improving company quality and using multiple methods to enhance market value [27] - **Search for high - quality assets**: The company is open to cooperation, evaluates potential targets carefully, and will disclose as required [27][28] - **Improvement in operating cash flow in H1 2025**: Net cash flow from operating activities was 158 million yuan, a 14.34% increase year - on - year, mainly due to increased cash inflows [28]

| 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | --- | --- | --- | --- | --- | --- | | 600650 | 锦江在线 | 16.12 | -1.77% | 6.73万 | 1.09亿 | | 600611 | 大众交通 | 6.10 | -1.29% | 38.57万 | 2.38亿 | | 001317 | 三丰司 | 48.78 | -1.16% | 3.22万 | 1.59亿 | | 000755 | 山西高速 | 4.82 | -0.41% | - 3.44万 | 1656.20万 | | 600269 | 赣粤高速 | 4.87 | -0.41% | 11.62万 | 5646.38万 | | 601816 | 京沪高铁 | 5.20 | -0.38% | 124.85万 | 6.50亿 | | 600020 | 中原高速 | 4.25 | -0.23% | 10.11万 | 4291.96万 | | 002357 | 富临远业 | 9.77 | -0.10% | 8.06万 | 7955.62万 | | 600033 | 福 ...

Market Overview - On September 25, the railway and highway sector declined by 0.66% compared to the previous trading day, with Chongqing Road and Bridge leading the decline [1] - The Shanghai Composite Index closed at 3853.3, down 0.01%, while the Shenzhen Component Index closed at 13445.9, up 0.67% [1] Stock Performance - Notable gainers in the railway and highway sector included: - Jinjiang Online (600650) with a closing price of 16.41, up 1.74% on a trading volume of 87,300 shares and a turnover of 142 million yuan [1] - XD Dazhong Transportation (600611) with a closing price of 6.18, up 1.64% on a trading volume of 441,100 shares and a turnover of 268 million yuan [1] - Major decliners included: - Chongqing Road and Bridge (600106) with a closing price of 6.18, down 4.48% on a trading volume of 689,200 shares [2] - Fulin Yuanye (002357) with a closing price of 9.78, down 4.12% on a trading volume of 104,900 shares [2] Capital Flow - The railway and highway sector experienced a net outflow of 102 million yuan from institutional investors, while retail investors saw a net inflow of 86.32 million yuan [2] - The detailed capital flow for selected stocks showed: - XD Dazhong Transportation (600611) had a net inflow of 31.56 million yuan from institutional investors [3] - Jinjiang Online (600650) had a net inflow of 18.79 million yuan from institutional investors [3] - Ganyue Expressway (600269) had a net inflow of 16.51 million yuan from institutional investors [3]

Group 1 - The railway and highway sector increased by 1.1% on September 24, with Tielong Logistics leading the gains [1] - The Shanghai Composite Index closed at 3853.64, up 0.83%, while the Shenzhen Component Index closed at 13356.14, up 1.8% [1] - Tielong Logistics had a closing price of 6.35, with a rise of 3.42%, and a trading volume of 409,900 shares, amounting to a transaction value of 257 million yuan [1] Group 2 - The railway and highway sector experienced a net outflow of 14.82 million yuan from institutional investors, while retail investors saw a net inflow of 59.01 million yuan [2] - The top individual stock performers included Tielong Logistics and Haikong Group, with Tielong Logistics seeing a net inflow of 31.22 million yuan from institutional investors [3] - The overall trading activity showed a mixed trend, with some stocks like Sifengsi and Sanchuan Tourism experiencing declines [2][3]

Market Overview - On September 22, the railway and highway sector declined by 0.64% compared to the previous trading day, with Sanxia Tourism leading the decline [1] - The Shanghai Composite Index closed at 3828.58, up 0.22%, while the Shenzhen Component Index closed at 13157.97, up 0.67% [1] Stock Performance - Notable gainers in the railway and highway sector included: - San Shou Ma (001317) with a closing price of 52.52, up 3.41% on a trading volume of 78,900 shares and a turnover of 410 million yuan [1] - Fu Lin Yuan V (002357) with a closing price of 10.67, up 1.62% on a trading volume of 109,000 shares and a turnover of 115 million yuan [1] - Guangshen Railway (601333) with a closing price of 3.35, up 1.52% on a trading volume of 774,200 shares and a turnover of 258 million yuan [1] - Conversely, significant decliners included: - Sanxia Tourism (002627) with a closing price of 6.62, down 5.16% on a trading volume of 489,500 shares and a turnover of 328 million yuan [2] - Longjiang Transportation (601188) with a closing price of 3.48, down 2.25% on a trading volume of 222,300 shares and a turnover of 77.56 million yuan [2] Capital Flow - The railway and highway sector experienced a net outflow of 173 million yuan from institutional investors, while retail investors saw a net inflow of 160 million yuan [2] - The sector's capital flow details indicate: - Guangshen Railway had a net inflow of 24.99 million yuan from institutional investors, but a net outflow of 19.86 million yuan from retail investors [3] - Tielong Logistics (600125) saw a net inflow of 19.55 million yuan from institutional investors, with a net outflow of 16.41 million yuan from retail investors [3]