中央纪委国家监委网站 俞小松 "强化对关键岗位人员的监督制约，严格执行项目前期规定，坚决纠治分包乱象，严肃查处违规吃 喝……"日前，上海市纪委监委向某国企送达纪检监察建议书，督促该公司扎实开展以案促改促治。 上海是国有企业重镇。该市纪委监委紧盯权力集中、资金密集、资源富集的国企领域，强化监督执纪问 责，坚持标本兼治、系统施治，为国有企业改革发展营造风清气正的政治生态。 该市纪检监察机关以查办案件开路，紧盯工程建设、企业并购、销售采购等重点环节，严肃查处了市国 资委原党委书记、主任白廷辉等一批国资国企领域领导干部严重违纪违法案件。 "我们在深入推进正风肃纪反腐的同时，督促案发单位做实以案促改促治、加强廉洁文化建设等，做好 案件查办'后半篇文章'。"上海市纪委监委相关负责同志介绍。针对监督执纪执法中发现的国有企业财 务管理不规范、投资管理不到位等问题，该市纪委监委推动市国资委出台市管国有企业财务总监管理办 法、市国资委监管企业融资担保及资金出借管理办法等，督促国资国企系统自我查摆、举一反三，及时 建章立制，堵塞管理漏洞。2024年以来，上海市纪委监委相关监督检查室、派驻纪检监察组及市管国有 企业纪委共制发纪检监察 ...

Core Viewpoint - The article discusses the recent fare adjustment proposal for Chongqing's rail transit, marking the end of the "2 yuan era" after nearly 20 years, which has sparked public debate about rising subway fares and the financial sustainability of urban transit systems across China [3][4]. Summary by Sections Fare Adjustment Proposal - Chongqing's fare adjustment includes two options: shortening the initial travel distance or increasing the base fare, potentially raising the average monthly travel cost for citizens by over 24 yuan [3][5][6]. Financial Performance - In 2023, Chongqing's rail transit reported operating costs exceeding 111 billion yuan, with revenues of only around 30 billion yuan, relying heavily on government subsidies to break even [8][12]. - For 2024, projected revenues are 29.35 billion yuan against total operating costs of 72.73 billion yuan, resulting in a net profit of only 11 million yuan [8]. Operational Challenges - The rapid expansion of Chongqing's rail network has led to uneven passenger distribution, with significant disparities in daily ridership across different lines, impacting overall profitability [10][12]. - The construction costs for subways are high, ranging from 5 to over 10 billion yuan per kilometer, with labor costs being the largest expense, accounting for over 50% of total operating costs [13]. Broader Industry Context - Chongqing is not an isolated case; many cities face similar challenges in achieving profitability for their subway systems, with only 12 subway companies projected to exceed a net profit of 100 million yuan in 2024 [16]. - A significant number of cities rely on government subsidies for operational viability, with 28 cities receiving substantial financial support in 2024 [17][21]. - The government has set strict criteria for new subway projects, requiring cities to meet specific economic and demographic thresholds to avoid financial strain [21].

Core Viewpoint - The article discusses the impending fare increase for Chongqing's metro system, which marks the end of the "2 yuan era" that has lasted nearly 20 years, reflecting broader financial pressures faced by metro systems across China due to high operational costs and reduced government subsidies [3][4][9]. Summary by Sections Fare Adjustment Proposals - Chongqing's fare adjustment includes two proposals: shortening the initial travel distance from 6 kilometers to 4 kilometers for the same fare of 2 yuan, or increasing the starting fare to 3 yuan for distances up to 8 kilometers [6][7]. - The average monthly travel cost for citizens could increase by over 24 yuan under these proposals [7]. Financial Performance of Chongqing Metro - In 2023, Chongqing's metro system reported operational costs exceeding 111 billion yuan, while revenues were only around 30 billion yuan, necessitating government subsidies to avoid losses [9][25]. - For 2024, projected revenues are 29.35 billion yuan against total costs of 72.73 billion yuan, resulting in a net profit of only 110 million yuan [9]. Challenges in Metro Operations - The rapid expansion of Chongqing's metro network has led to uneven passenger distribution, with some lines experiencing high traffic while others remain underutilized [11][14]. - The construction costs for metro lines are substantial, ranging from 5 to over 10 billion yuan per kilometer, and operational costs are primarily driven by labor, energy, and maintenance expenses [13][14]. Broader Context of Metro Systems in China - Many metro systems across China are struggling to achieve financial sustainability, with only 12 out of numerous metro companies projected to have net profits exceeding 1 billion yuan in 2024 [20][25]. - Government subsidies are crucial for the operation of metro systems, with 28 cities receiving significant financial support, including 248.52 billion yuan for Beijing's metro [26][28]. Regulatory and Economic Factors - The Chinese government has set standards for new metro projects, requiring cities to meet specific economic and demographic criteria, which has implications for future metro expansions [38][39]. - The reduction in land fiscal revenue has prompted metro systems to reconsider their fare structures to alleviate operational pressures [16].

Group 1 - The core viewpoint of the articles is that a new wave of price increases for public utilities, including subways and high-speed rail, is occurring across various cities in China, driven by rising operational costs and insufficient revenue from ticket sales [1][4][8] - Cities like Chongqing and Kunming are adjusting their subway fares, with Chongqing ending its long-standing 2 yuan fare policy, indicating a shift in pricing mechanisms due to increasing operational costs [1][6] - The financial burden on subway systems is significant, with over 90% of cities unable to break even without government subsidies, which have exceeded 100 billion yuan across major cities [2][6] Group 2 - The operational costs of subway systems are high, and many cities are struggling to maintain profitability, with only 12 subway companies reporting net profits exceeding 100 million yuan [6][7] - The financial support from local governments is substantial, with Beijing alone providing 24.85 billion yuan in subsidies, yet many subway companies still operate at a loss after accounting for these subsidies [6][7] - The current economic climate, characterized by tight fiscal conditions and a downturn in the real estate market, complicates the sustainability of these subsidies, leading to increased fare adjustments [8][9] Group 3 - The average passenger flow intensity, a critical indicator of subway efficiency, is below national standards in many cities, with less than one-third meeting the required threshold of 0.7 million passengers per kilometer per day [10][14] - The expansion of subway systems has been closely tied to land sales and urban development, but the current economic situation has disrupted this cycle, leading to a reevaluation of new subway projects [9][15] - The tightening of regulations for new subway projects reflects a shift in focus towards financial viability, with stricter criteria based on GDP, fiscal revenue, and population density [15][18]

证券代码：600834 证券简称：申通地铁 编号：临2025-023 上海申通地铁股份有限公司 关于修订股东大会议事规则和董事会议事规则的公告 特别提示 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海申通地铁股份有限公司（以下简称"公司"）于2025年5月20 日（星期二）上午以通讯方式召开第十一届董事会第二十次会议，会议 审议通过了《关于修订 <股东大会议事规则> 的议案》《关于修订 <董事> 会议事规则>的议案》。现将有关事项公告如下： 为贯彻落实《公司法》《上市公司章程指引》（证监会公告〔2025〕 善股东会、董事会运作机制，提高公司治理能力，拟对《股东大会议事 规则》《董事会议事规则》进行修订。 《股东大会议事规则》修订主要体现：一、完善股东会运作机制。 承接监事会职权；2.调整股东会提案权的相关规定，除由审计委员会承 接监事会股东会提案权外，将临时提案权股东的持股比例由百分之三降 为百分之一。二、完善类别股相关规定。此外，调整"股东大会""半 数以上"等表述，并将《股东大会议事规则》更名为《股东会议事规则》。 ...

证券代码：600834 证券简称：申通地铁 编号：临2025-021 上海申通地铁股份有限公司第十一届监事会 会议审议并一致通过本议案，有效选票3张，赞成3票，反对0票， 弃权0票。 特别提示 特此公告。 本公司监事会及全体监事保证本公告内容不存在任何虚假记载、误导性陈述或 者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 上海申通地铁股份有限公司监事会 会议审议并一致通过本议案，有效选票3张，赞成3票，反对0票， 弃权0票。本议案需提交公司股东大会审议。 会议审议并一致通过本议案，有效选票3张，赞成3票，反对0票， 弃权0票。本议案需提交公司股东大会审议。 第十五次会议决议公告 上海申通地铁股份有限公司2025年5月15日以书面形式向各位监事 发出了召开第十一届监事会第十五次会议的通知和材料。公司第十一届 监事会第十五次会议于2025年5月20日（星期二）上午以通讯方式召开。 会议应到监事3人，实到监事3人。本次监事会会议的召开符合法律、法 规和公司章程的规定。会议审议并一致通过了如下议案： 会议审议并一致通过本议案，有效选票3张，赞成3票，反对0票， 弃权0票。本议案需提交公司股东大会审议。公 ...

关于召开2025年第一次临时股东大会的通知 证券代码：600834 证券简称：申通地铁 公告编号：2025-025 上海申通地铁股份有限公司 召开的日期时间：2025 年 6 月 18 日 14 点 45 分 召开地点：上海市宜山路 650 号神旺大酒店二楼宴会缘厅 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 网络投票系统：上海证券交易所股东大会网络投票系统 重要内容提示： 网络投票起止时间：自2025 年 6 月 18 日 至2025 年 6 月 18 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 东大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过 互联网投票平台的投票时间为股东大会召开当日的 9:15-15:00。 (五)网络投票的系统、起止日期和投票时间。 (六)融资融券、转融通、约定购回业务账户和沪股通投资者的投票程序 涉及融资融券、转融通业务、约定购回业务相关账户以及沪股通投资者 的投票，应按照《上海证券交易所上市公司自律监管指引第 1 ...

证券代码：600834 证券简称：申通地铁 公告编号：2025-026 上海申通地铁股份有限公司 关于召开 2024 年度业绩说明会的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ???会议召开时间：2025 年 05 月 29 日 （星期四） 15:00-16:00 ? 会议召开地点：上海证券交易所上证路演中心（网址： https://roadshow.sseinfo.com/） 上海申通地铁股份有限公司（以下简称"公司"）已于 2025 年 地了解公司 2024 年度经营成果、财务状况，公司计划于 2025 年 05 月 29 日 （星期四） 15:00-16:00 举行 2024 年度业绩说明会，就投 资者关心的问题进行交流。 ? 会议召开方式：上证路演中心视频录播和网络互动 ? 投资者可于 2025 年 05 月 22 日 （星期四） 至 05 月 28 日 （星 期三）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 600834@shtmetro.com 进行提问 ...

Core Viewpoint - The announcement details the addition of new related transactions for Shanghai Shentong Metro Co., Ltd. and the adjustment of the 2025 annual routine related transactions, emphasizing that these transactions are essential for the normal operations of subsidiaries and do not harm the interests of shareholders, especially minority shareholders [1][2][5]. Summary by Sections New Related Transactions Overview - The new related transactions involve subsidiaries such as Shanghai Shenkai Public Transport Operation Management Co., Ltd., Shanghai Metro New Energy Co., Ltd., Shanghai Metro Property Management Co., Ltd., and Shanghai Metro Electronic Technology Co., Ltd. [1][2]. Adjustment of Annual Related Transactions - The new related transactions will cause the total amount of routine related transactions for 2025 to exceed the previously estimated figures, necessitating an adjustment [2][16]. Review Procedures for New Related Transactions - The independent directors approved the proposal for new related transactions on May 15, 2025, confirming that these transactions are necessary for the subsidiaries' operations and comply with fair market principles [2][3]. Introduction of Related Parties and Relationships - The related parties involved in the new transactions include various subsidiaries and affiliated companies, such as Shanghai Shentong Metro Construction Group Co., Ltd. and Shanghai Metro Operation Companies [3][4]. Main Content and Pricing Basis of New Related Transactions - The new related transactions include various service contracts with estimated amounts, such as: - Shanghai Pudong International Airport Express System maintenance services with an estimated contract amount of approximately 31.5 million yuan [10][11]. - Research and technical services for photovoltaic projects with an estimated amount of 290,000 yuan [12]. - Deep cleaning services with an estimated amount of 1.275 million yuan [13]. - Maintenance services for metro systems with various estimated amounts totaling up to 8.03012 million yuan for 2025 [15][16]. Impact of New Related Transactions on the Company - The new related transactions are part of the normal business activities of the subsidiaries and are expected to benefit the company's operations without harming the interests of shareholders [15][16].

Core Viewpoint - The proposed fare adjustment in Chongqing marks the end of the "2 yuan era" for metro services, reflecting the financial pressures faced by urban transit systems across China due to high operational costs and reduced government subsidies [1][3][4]. Group 1: Fare Adjustment Details - Chongqing's fare adjustment includes two options: shortening the initial travel distance from 6 kilometers to 4 kilometers for the same fare of 2 yuan, or increasing the starting fare to 3 yuan for distances up to 8 kilometers [5][6]. - The average monthly travel cost for citizens is expected to increase by over 24 yuan under the new fare structure [6]. Group 2: Financial Performance of Chongqing Metro - In 2023, Chongqing's metro system reported operational costs exceeding 111 billion yuan, with revenues of only around 30 billion yuan, necessitating government subsidies to avoid losses [2][9]. - The projected revenue for 2024 is 29.35 billion yuan against operational costs of 72.73 billion yuan, resulting in a net profit of only 11 million yuan [9]. Group 3: Challenges in Metro Operations - The rapid expansion of Chongqing's metro network has led to uneven passenger distribution, with some lines experiencing high traffic while others remain underutilized, impacting overall profitability [12][16]. - The structural imbalance in passenger flow has created a cycle of increasing costs and persistent losses, as new lines are built without sufficient ridership to support them [17]. Group 4: Broader Industry Context - Many cities across China face similar challenges, with only 12 metro companies projected to achieve net profits exceeding 100 million yuan in 2024, while others report losses [22][23]. - The reliance on government subsidies is widespread, with 28 cities receiving financial support, highlighting the unsustainable nature of current metro operations without adequate fare revenue [27][28].