康略高速三项科技创新成果入选全国高速公路创新发展典型案例 康县东智慧服务区依托物联网、大数据等技术深度应用，完成服务与管理的焕新升级。服务区打造的智 慧物联综合管理平台，整合安防、停车引导、能源管理等多项业务，实现四级单位业务协同与全业态数 据互联互通，为精准决策提供有力支撑。 同时，服务区紧扣"服务区+"战略，推动与旅游、物流、农特产品展销的产业融合，在优化服务质量、 提升管理效能的基础上，带动周边产业发展，形成良性产业联动格局。 在隧道通行安全与绿色低碳建设方面，随车照明控制系统给出智慧解决方案。该系统采用"云-网-边- 端"架构，通过无线组网技术实时采集亮度、车检等多源数据，经边缘计算动态调节灯具亮度与色温， 实现"车来灯亮、车走灯暗"的伴随式照明，降低"黑白洞效应"带来的安全危害。此外，系统支持照明在 线监测与预养护，在落实"双碳"目标、推动绿色公路建设中成效显著，实现节能减排与通行安全的双重 提升。 从边坡安全的精准防控，到服务区的智慧升级，再到隧道照明的绿色适配，康略高速以科技为笔勾勒精 细化管理蓝图，为全国智慧交通建设提供可复制、可借鉴的宝贵经验。 责任编辑：顾洋 每日甘肃网12月22日讯 据陇 ...

Group 1 - The core viewpoint of the article is that the acquisition of Qinbin Expressway by Yuexiu Transportation Infrastructure is a strategic move to enhance the company's asset portfolio and improve its sustainable development [1] - The company announced the acquisition of 85% equity in Qinbin Expressway for a transaction price of 1.15 billion yuan, which results in a static price-to-earnings ratio of 5 times for the target company [1] - The projected price-to-earnings ratios for the target company are 12.6 times and 11.4 times for 2025 and 2026, respectively, indicating potential growth in profitability [1] Group 2 - The internal rate of return for the acquisition is reported at 10.43%, which is higher than the 9.2% return for the Pinglin Expressway, reflecting a strong project return [1] - Following the acquisition, the weighted average remaining lifespan of the company's controlled expressways will extend by 0.8 years, enhancing the overall asset quality [1] - The company maintains its net profit forecasts at 739 million yuan and 770 million yuan for 2025 and 2026, respectively, while keeping a "outperforming the industry" rating [1] Group 3 - The article suggests that the valuation of the acquired expressway segment is reasonable and that the acquisition of high-profitability assets will benefit the company's long-term growth [1] - The target price for the company's stock is adjusted to 5.13 HKD, reflecting an 18.2% increase, with a corresponding dividend yield of 5.5% for 2025 [1] - The market is expected to provide a certain valuation premium due to the recent increase in market risk appetite [1]

标的路段估值不贵，可延长公司路产平均经营期限 该行以收购对价测算，标的公司静态P/E为5.0x;标的公司2025/26年预测P/E分别为12.6x和11.4x。公司公 告其内部回报率为10.43%(v.s.平临高速9.2%)，项目回报率较高。合并后，公司控股高速里程加权平均 剩余年限将延长0.8年。该行认为标的路段估值不贵，本次收购盈利能力较强的资产有利于公司可持续 发展。 智通财经APP获悉，中金发布研报称 ，因越秀交通基建(01052)收购尚未落地，维持2025/26年净利润分 别为7.39 /7.70亿元。当前股价对应2025/2026年9.5/9.0倍P/E。维持跑赢行业评级，考虑到近期市场风险 偏好上行，市场应给予一定的估值溢价(也就是可以交易到比行业更低的股息率)，以5.5%这一股息率水 平对应其2025年目标价为5.13港元，对应2026年5.8%的股息率。该行上调目标价18.2%，对应2025/26年 P/E分别为10.6和10.1倍，较当前股价有12.2%的上行空间。 中金主要观点如下： 公司近况 公司公告收购秦滨高速沾化至鲁冀界(埕口至沾化段、鲁冀界至埕口段)85%的股权，交易对价为11. ...

中金发布研报称，因越秀交通基建(01052)收购尚未落地，维持2025/26年净利润分别为7.39/7.70亿元。 当前股价对应2025/2026年9.5/9.0倍P/E。维持跑赢行业评级，考虑到近期市场风险偏好上行，市场应给 予一定的估值溢价(也就是可以交易到比行业更低的股息率)，以5.5%这一股息率水平对应其2025年目标 价为5.13港元，对应2026年5.8%的股息率。该行上调目标价18.2%，对应2025/26年P/E分别为10.6和10.1 倍，较当前股价有12.2%的上行空间。 该行以收购对价测算，标的公司静态P/E为5.0x;标的公司2025/26年预测P/E分别为12.6x和11.4x。公司公 告其内部回报率为10.43%(v.s.平临高速9.2%)，项目回报率较高。合并后，公司控股高速里程加权平均 剩余年限将延长0.8年。该行认为标的路段估值不贵，本次收购盈利能力较强的资产有利于公司可持续 发展。 收购补充资产组合，减轻现有路产压力 标的路段2024年实现收入7.5亿元，占公司2024年总收入的19.5%。标的路段2025年1-8月实现收入5.5亿 元，净利润2.7亿元，分别占到2024年 ...

【今日头条】 值得关注的是，此次交易以70%的高比例现金支付，有效降低股权稀释效应。重组后公司盈利能力将进 一步增强，加之控股股东自愿将部分资产业绩承诺期延长至六年，彰显对中小股东利益的保护。 中国神华表示，此次重组既是国家能源集团深化国有资本投资公司试点改革的关键举措，也是煤炭行业 加快转型升级、提升产业集中度的生动实践。在全球能源格局调整与"双碳"目标引领下，中国神华通过 资本市场运作实现资源优化配置，有望带动更多国资央企通过专业化整合激活发展动能。 【大势展望】 COMEX白银期货刷新历史纪录高位 隔夜美股道琼斯工业平均指数比前一交易日上涨183.04点，收于48134.89点，涨幅为0.38%，上周累计 跌0.67%；标准普尔500种股票指数上涨59.74点，收于6834.5点，涨幅为0.88%，上周累计涨0.10%；纳 斯达克综合指数上涨301.26点，收于23307.62点，涨幅为1.31%，上周累计涨0.48%。 大型科技股普涨，甲骨文涨超6%，英伟达涨近4%，博通涨超3%，谷歌涨超1%。商业航天概念股大 涨，Rocket Lab Corp涨17.69%，AST SpaceMobile Inc- ...

Investment Rating - The investment rating for the transportation industry is "Positive" and is maintained [15] Core Insights - The report provides a forward-looking analysis of the transportation industry for Q4 2025, highlighting improvements in passenger demand and operational efficiencies across various sub-sectors [2][6] Aviation - The aviation sector is expected to see marginal demand improvements, with significant reductions in losses anticipated for Q4 2025. Domestic business demand is stabilizing, and international flights continue to perform well despite short-term disruptions from flight cancellations [6][23] Airports - Domestic airport traffic is projected to increase, with international flights also climbing. Revenue is expected to improve as a result of rising passenger volumes and operational efficiencies [7][26] Express Delivery - The express delivery sector is experiencing a slowdown in growth but is improving profitability through price adjustments and a focus on high-value services. The net profit is expected to turn positive in Q4 2025 [8][29] Logistics - The logistics sector is stabilizing at the bottom of its performance cycle, with cross-border logistics showing signs of recovery. However, overall demand remains weak, leading to a slight decline in performance for major supply chain players [9][31] Maritime Transport - The maritime sector is witnessing a divergence in profitability among different vessel types. While container shipping faces pressure on earnings, oil and bulk shipping are expected to see improvements due to increased demand and operational efficiencies [10][32] Ports - Port operations are expected to benefit from improved handling of bulk goods and stable container throughput, supported by easing trade tensions and increased exports to ASEAN and EU regions [11][38] Highways - The highway sector is projected to see limited growth, with stable profitability expected as truck traffic shows slight improvements compared to the previous year [12][40] Railways - The railway sector is experiencing a split in performance, with passenger transport growth accelerating while freight transport growth is slowing down. The focus on expanding non-coal business is expected to impact profitability negatively [13][42]

印象大红袍(02695)：香港公开发售获3397.48倍认购 每股发售价3.6港元 【新股上市】 南华期货股份(02691)：香港公开发售获1.91倍认购 每股发售价12港元 明基医院(02581)：香港公开发售获6.28倍认购 每股发售价9.34港元 华芢生物-B(02396)以下限定价 香港公开发售获791.95倍认购 【财报数据】 顺丰控股(06936)11月速运物流业务、供应链及国际业务合计收入为271.73亿元，同比增长7.85% 重庆钢铁股份(01053)拟向华宝投资发行10亿元股份 中国有色矿业(01258)进一步收购哈萨克斯坦SM Minerals 55%股本 持股比例增至70% 青岛港(06198)拟投资66.15亿元建设董家口通用码头工程 青岛港(06198)拟投资建设董家口集装箱码头一期工程 项目投资估算为约90.97亿元 远大医药(00512)用于诊断前列腺癌的创新在研放射性核素偶联药物TLX591-CDx中国 III 期临床研究成 功达到主要临床终点 【重大事项】 中国神华(01088)拟约1335.98亿元向控股股东收购资产并募集配套资金不超过200亿元 全产业链布局再 升级 中国 ...

Investment Rating - The report maintains a positive outlook on the shipping industry, particularly recommending stocks such as China Shipbuilding, China Power, and Sumec [4]. Core Insights - The report highlights the launch of the first shipping industry index fund on December 19, 2025, and notes a continued increase in second-hand ship prices, with a 5-year-old VLCC price rising by $2 million to $120 million [4]. - Seasonal fluctuations are observed in freight rates, with oil and bulk carrier second-hand prices increasing. The report recommends stocks like COSCO Shipping and China Merchants Energy [4]. - The report anticipates a significant improvement in airline profitability due to supply constraints and increasing passenger demand, recommending stocks such as China Eastern Airlines and Spring Airlines [4]. Summary by Sections Shipping Industry - The second-hand ship price index increased by 0.38% to 194.32 points, with a recommendation for COSCO Shipping and China Merchants Energy [4]. - VLCC freight rates decreased by 11% to $101,623 per day, while Suezmax rates increased by 9% to $78,107 per day [4]. Airline Sector - The report indicates that the global aircraft manufacturing chain is facing unprecedented challenges, with an aging fleet and supply constraints expected to continue [4]. - Airlines are projected to experience significant profitability improvements, with recommendations for stocks such as China Eastern Airlines and China Southern Airlines [4]. Logistics and Express Delivery - The express delivery sector is entering a new phase of competition, with three potential scenarios outlined for industry performance [4]. - Recommended stocks include Shentong Express and Yunda Holdings, with a focus on companies benefiting from Southeast Asian e-commerce growth [4]. Rail and Road Transport - Rail freight volume and highway truck traffic are expected to maintain steady growth, with data showing a slight decrease in freight volume [4]. - The report suggests that traditional high-dividend investment themes and potential value management catalysts will be key investment lines through 2025 [4].

Investment Rating - The report maintains a "Strong Buy" rating for Sichuan Chengyu (601107) [1] Core Views - The company plans to acquire 85% of Hubei Jingyi Expressway Co., Ltd. for a total cash consideration of 2.409 billion yuan, avoiding equity dilution and ensuring stable earnings growth [6] - The acquisition is expected to enhance the company's profitability and dividend capacity, with projected net profits from the acquired asset reaching 2.4 billion yuan in 2026, 2.5 billion yuan in 2027, and 2.7 billion yuan in 2028 [6] - The report emphasizes the company's strategy of integrating high-quality road assets to strengthen its core business and enhance shareholder returns [6] Financial Summary - Total revenue projections for 2024, 2025, 2026, and 2027 are 10,362 million yuan, 9,946 million yuan, 10,246 million yuan, and 10,717 million yuan respectively, with a year-on-year growth rate of -11.1%, -4.0%, 3.0%, and 4.6% [2] - Net profit attributable to shareholders is forecasted to be 1,459 million yuan in 2024, 1,630 million yuan in 2025, 1,728 million yuan in 2026, and 1,867 million yuan in 2027, reflecting growth rates of 22.9%, 11.7%, 6.0%, and 8.1% respectively [2] - Earnings per share (EPS) are projected to be 0.48 yuan in 2024, 0.53 yuan in 2025, 0.56 yuan in 2026, and 0.61 yuan in 2027 [2] Valuation Metrics - The target price is set at 7.70 yuan for A-shares and 6.81 HKD for H-shares, indicating a potential upside of 24% and 27% from the current prices respectively [3] - The price-to-earnings (P/E) ratio is expected to decrease from 13 in 2025 to 10 in 2027, while the price-to-book (P/B) ratio is projected to remain stable at around 0.9 [2][3]

维权群内车主清洗出的海鲜废料 同时，该工作人员强调，他们已经接到约十五名车主对于车辆污损的索赔，同时也会积极和受损车主对 接，高速管养单位承诺将在力所能及的范围之内，为受此次事件影响的车主提供支持，积极配合提供道 路监控视频、事件处置记录等证据资料，协助车主完成后续索赔。"我们注意到车主也建了维权群，我 们会和维权群积极对接，能提供的资料都尽量提供，帮助他们尽快完成对肇事货车的索赔。" 你的需求是什么 被虾酱污染了 需求就是底盘清洗除味呀 团购: ■ 底盘深度清洁|全车 ... 席卷 周二不可用 濕度清洁 ¥1679.00 已经 ■ ■ 给你啦 能保证没味道吗 折护板洗吗 对的 B 米片 高 T. LL nL : 7 - 1 转自：扬子晚报 近日，威青高速发生的"海鲜废料"遗撒事件引发广泛关注。40余辆社会车辆因碾压废料导致底盘及发动 机舱受损、腥臭难除，却在维权时陷入"非交通事故"无法定损的僵局。扬子晚报/紫牛新闻记者了解 到，目前维权群内车主人数已经上升至49人。12月19日，高速公路管养单位——山东高速烟台公司也给 出了回应扬子晚报/紫牛新闻记者，明确将积极对接、协助受损车主完成后续索赔事宜。 维权群内 ...