Group 1: Traffic Revenue and Volume Data - In May 2025, the company's toll revenue amounted to 345,008,010.66 yuan, with detailed revenue and traffic volume data provided for various highway segments [1] - The revenue breakdown for each segment is as follows: - Beijing-Hong Kong-Macau Expressway (Zhengzhou to Luohe): 153,937,221.40 yuan, 3,286,124 vehicles - Beijing-Hong Kong-Macau Expressway (Luohe to Zhumadian): 34,598,667.73 yuan, 1,624,276 vehicles - Zhengluan Expressway (Zhengzhou to Yaoshan): 58,633,153.37 yuan, 896,737 vehicles - Zhengzhou to Minquan Expressway: 40,322,888.73 yuan, 1,143,822 vehicles - Deshang Expressway (Yongcheng section): 8,665,894.61 yuan, 599,706 vehicles - Shangqiu to Dengfeng Expressway: 48,850,184.82 yuan, 670,586 vehicles [1] Group 2: Board of Directors Changes - The company announced the resignation of director Meng Jie due to work adjustments, effective immediately upon delivery of the resignation to the board [3] - Meng Jie held multiple positions including member of the Strategic Investment and ESG Committee and the Compensation and Assessment Committee [5] - The resignation will not affect the legal number of board members and the normal operation of the board, and the company will proceed with the necessary procedures for board member replacement [5]

Core Insights - The Ministry of Transport released the "2024 Statistical Bulletin on the Development of the Transportation Industry," indicating that China's fixed asset investment in transportation reached 3.8 trillion yuan, maintaining a high level [1] - The national comprehensive transportation network's main skeleton route mileage exceeded 260,000 kilometers, with a completion rate of approximately 90% [1] Investment and Infrastructure Development - In 2024, China's rapid transportation network expanded significantly, with 2,457 kilometers of new high-speed rail lines put into operation, contributing to the ongoing development of the "eight vertical and eight horizontal" high-speed rail network [1] - The total length of highways increased by 7,032 kilometers, with over two-thirds of provinces achieving county-level highway connectivity [1] - Rural road construction investment has remained above 400 billion yuan for eight consecutive years, with 164,100 kilometers of rural roads newly built or renovated in 2024 [1] Transportation Usage and Efficiency - Daily cross-regional travel in China averaged approximately 180 million trips in 2024, reflecting a 5.4% increase from 2023 [3] - The total cross-regional passenger flow reached 64.6 billion trips, while the total freight volume reached 56.9 billion tons, averaging about 160 million tons of goods transported daily, a 3.9% increase from 2023 [2][7] - The postal industry completed a cumulative delivery volume of 193.7 billion items, averaging about 530 million items daily, marking a 19.2% growth [7] Service Expansion and Innovations - The establishment of village-level comprehensive logistics service stations reached 426,700, an increase of 61,600, enhancing delivery service availability in western regions such as Xinjiang and Inner Mongolia [1] - The railway and civil aviation sectors have implemented electronic invoicing, while over 6,500 customized passenger transport routes have been opened in the road sector [7] - The civil aviation flight punctuality rate was 87.1%, maintaining above 80% for seven consecutive years [7]

今天(12日)，交通运输部发布《2024年交通运输行业发展统计公报》。《公报》显示，去年我国快速交 通网覆盖范围不断拓展。高铁投产新线2457公里，"八纵八横"高铁网不断延展，全国超三分之一的省份 实现了市市通高铁，高速公路里程增加7032公里，超三分之二的省份实现了县县通高速，航空服务覆盖 全国92.6%的地级行政单元、91.2%的人口，快递服务网路条数增加2.33万条。此外，我国农村公路建设 投资连续8年保持在4000亿元以上，全年新改建农村公路里程达16.41万公里。全国设立村级寄递物流综 合服务站(村邮站)42.67万处，增加6.16万处，新疆、内蒙古等西部地区的寄递服务供给持续增强。(央视 新闻) ...

登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002357 证券简称：富临运业 公告编号：2025-027 四川富临运业集团股份有限公司 2024年年度权益分派实施公告 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。 一、股东会审议通过权益分派方案的相关情况 1.四川富临运业集团股份有限公司（以下简称"公司"或"本公司"）2024年年度权益分派方案已经2025年 5月15日召开的2024年年度股东会审议通过，分配方案具体为：以公司2024年12月31日总股本 313,489,036股为基数，向全体股东每10股派发现金股利0.5元（含税），共计派发现金股利15,674,451.80 元（含税），不送红股，不以资本公积金转增股本，剩余未分配利润结转至后续分配； 2.自分配方案披露至实施期间公司股本总额未发生变化； 3.本次实施的分配方案与股东会审议通过的分配方案一致，以固定总额的方式分配； 4.本次权益分派实施距离股东会通过权益分配方案时间未超过两个月。 二、权益分派方案 公司2024年年度权益分派方案为：以公司现有总股本313,489,036股为基 ...

Core Points - The Hong Kong government is collaborating with Guangdong to prepare for the entry of Guangdong vehicles into Hong Kong, enhancing cross-border travel and economic activity [1][2] - The "Yue Car Southbound" plan will be implemented in two phases, with the first phase allowing private vehicles from Guangdong and Macau to park at automated parking facilities at the Hong Kong-Zhuhai-Macao Bridge [1] - The initiative aims to strengthen Hong Kong's position as an international aviation hub and facilitate the flow of people between the two regions [1] Group 1 - The Hong Kong government and the Airport Authority are conducting preparatory work, including testing and developing usage guidelines to simplify processes for travelers [1] - Promotional activities and incentives are being planned to attract self-driving travelers, which will boost Hong Kong's retail, dining, hotel, and related service industries [1] Group 2 - The government is considering various aspects such as total volume control, border crossing, risk management, and infrastructure enhancement to ensure a comprehensive approach [2] - The "Hong Kong Cars Northbound" initiative, launched in July 2023, allows eligible Hong Kong vehicles to travel to various locations in Guangdong with simplified procedures [2] - The number of Hong Kong vehicles participating in the "Hong Kong Cars Northbound" program has exceeded 100,000, significantly increasing the usage of the Hong Kong-Zhuhai-Macao Bridge, with a record of 450,000 vehicle trips in May 2023, a 170% increase compared to before the program [2]

Core Viewpoint - The company has approved a profit distribution plan for the fiscal year 2024, which includes a cash dividend of 0.52 RMB per 10 shares, totaling approximately 68.76 million RMB, without any stock bonus or capital reserve conversion [1][2][3]. Group 1: Profit Distribution Plan - The profit distribution plan is based on a total share capital of 1,322,400,000 shares, with a cash dividend of 0.52 RMB per 10 shares, amounting to a total cash dividend of 68,764,800 RMB (including tax) [2][3]. - The remaining distributable profits will be carried forward for future use, and any changes in share capital before the record date will lead to adjustments in the cash dividend per share while keeping the total distribution amount unchanged [1][2][3]. Group 2: Dividend Payment Details - The record date for the dividend distribution is set for June 17, 2025, and the ex-dividend date is June 18, 2025 [4]. - The dividend will be distributed to all shareholders registered with the China Securities Depository and Clearing Corporation Limited, Shenzhen Branch, as of the record date [4]. Group 3: Taxation and Adjustments - The cash dividend amount per share is subject to different tax rates based on the type of shareholder, with specific provisions for Hong Kong investors and domestic investors [3][4]. - Following the profit distribution, the minimum selling price for shares will be adjusted to 3.58 RMB per share, and the stock repurchase price will also be revised accordingly [5].

Industry Investment Rating - The industry investment rating is maintained at "Outperform the Market" [1] Core Viewpoints - High dividend yields are favorable for highway and port companies due to declining domestic interest rates, making them attractive for allocation and investment [2] - Mergers and acquisitions are seen as a potential growth source in the transportation sector, particularly in the highway and bulk supply chain segments, supported by low interest rates and low valuations [3] - The rise of new energy and unmanned transportation is expected to benefit platform companies, with a focus on digital freight and ride-hailing services [4] Summary by Sections 1. Aviation - The aviation industry is expected to see a turning point in supply and demand by 2025, with cumulative revenue growth for airlines projected to match the increase in aircraft numbers [7] - Airlines are likely to experience a recovery in aircraft utilization hours and passenger load factors, leading to increased revenue per passenger kilometer [11] 2. Highways - The defensive value of high dividend highway companies is decreasing as the A-share index rebounds, while their investment value is increasing due to declining interest rates [27] - There is significant potential for mergers and acquisitions in the highway sector, with many listed highway companies having substantial room for asset securitization [30] - Companies like Guangdong Expressway A and Shandong Expressway are highlighted for their high return on equity and dividends [27] 3. Railways - Short-term growth in railway freight and passenger volumes is low, but there is potential for long-term growth driven by new energy vehicles and unmanned driving technologies [36] - The container transport volume in railways is expected to grow significantly, supported by various initiatives like the Belt and Road Initiative [42] 4. Express Delivery - The express delivery industry is experiencing rapid growth in both volume and revenue, with major players like Zhongtong Express and YTO Express showing increasing profits [45] - Price competition is easing, which may present investment opportunities in the sector [46] 5. Bulk Supply Chain - Major bulk supply chain companies in China are seeing a decline in market share, but their revenues remain among the highest globally [51] - Companies like Wuzhou International and Jianfa Group are actively engaging in mergers and acquisitions to enhance their market position [54] 6. Shipping - The shipping industry is facing challenges due to potential declines in global trade volumes as a result of U.S. tariffs, which may pressure shipping rates [57] - The oil shipping sector may benefit from lower oil prices leading to increased demand for oil replenishment [63] 7. Ports - Port container throughput is expected to show resilience despite fluctuations in export growth, with stable pricing anticipated [70] - The report emphasizes the importance of reducing logistics costs, which may limit the potential for rate increases in port fees [70] 8. New Energy and Unmanned Transportation - The adoption of new energy vehicles is significantly reducing travel costs, while smart driving technologies are expected to lower labor costs in transportation [74] - Companies in the ride-hailing and digital freight sectors are projected to experience substantial growth due to these technological advancements [77]

来源：中国新闻网 编辑：张嘉怡 5月中国公路运输市场延续较好发展态势 中新社北京6月10日电 中国物流与采购联合会10日发布数据显示，5月份，中国公路物流运价指数为105 点，环比回升0.06%，同比回升2.02%。在多重稳经济、扩内需政策加持下，中国公路运输市场延续较 好发展态势。 分车型指数看，各车型指数环比涨跌互现，同比保持增长。以大宗商品及区域运输为主的整车指数为 105.6点，比上月回升0.07%，比上年同期回升2.34%。零担指数中，零担轻货指数为102.6点，比上月回 落0.08%，比上年同期回升0.39%；零担重货指数为105.7点，比上月回升0.15%，比上年同期回升 2.55%。 综合来看，5月中国经济运行态势较好，在国际贸易形势相对缓和、国内市场需求回稳拉动下，中国公 路运输需求有小幅改善。受节假日出行带动，运力供给呈现前低后高、逐步回升趋势。总体来看，供需 双端仍保持较为平衡态势，5月份，中国公路运价环比稳中有升，同比上升明显，不同车型中同大宗商 品相关的整车和零担重货回升趋势延续，反映在多重稳经济、扩内需政策加持下，公路运输市场延续较 好发展态势。分区域看，以内需市场为主的内陆地区升 ...

每周一景： 云南玉龙雪山 点击右上角菜单，收听朗读版 【社服】职普融合，高中学位供给扩容 投资建议： 高中教育需求刚性，仍具备7-8年人口红利期，政府支持扩大高中阶段教育学位供给，引导规 范民办教育发展，推进职普融通。高中教育相关公司受益政策与需求红利。 高中教育还有7-8年人口红利期，需求韧性强。 以2025年为例，高中段适龄人口出生日期约为2008- 2010年（15-17岁），考虑到出生人口在2017-2018年后开始下滑，因此预计高中段教育行业仍有近7- 8年的稳定人口需求，也即2032-2033年起高中段人口需求才开始大幅下滑。从国内教育市场看，居民对 教育的需求仍然旺盛。不同学历毕业生薪资梯度显著，通常学历越高、起薪点也越高，由此决定了高中升 学的刚性需求。2023年高考报名人数达1291万人，同比增长8%，高考报名人数占适龄人口比例持续提 高，2023年达81%。 政策支持高中阶段教育扩容，从职普分流到职普融合。 2025年《教育强国建设规划纲要（2024—2035 年）》提出加快扩大普通高中教育资源供给，探索设立一批以科学教育为特色的普通高中，办好综合高 中，深入实施县域普通高中振兴计划；20 ...

证券代码：000755 证券简称：山西高速 公告编号：2025—18 三、分红派息日期 本次分红派息股权登记日为：2025 年 6 月 18 日， 山西高速集团股份有限公司 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。 一、股东大会审议通过利润分配方案等情况 度利润分配方案已经 2025 年 5 月 21 日召开的 2024 年年度股东大会 审 议 通 过 ， 具 体 方 案 为 ： 以 2024 年 12 月 31 日 公 司 总 股 本 税），共计派发现金红利人民币 293,462,039.20 元（含税），本年 度不送红股，不实施资本公积金转增股本方案。本次利润分配方案实 施的股权登记日前，公司股本若因回购股份等原因发生变化的，将维 持每 10 股派发现金股利 2 元的分红比例，对分红总金额进行调整。 月。 二、本次实施的利润分配方案 本 公 司 2024 年 年 度 利 润 分 配 方 案 为 ： 以 公 司 现 有 总 股 本 税；扣税后，通过深股通持有股份的香港市场投资者、境外机构（含 QFII、RQFII）以及持有首发前限售股的个人和证券投资基 ...