Core Viewpoint - The 17th International Transportation Technology and Equipment Exhibition opened on July 1, showcasing the latest achievements in various transportation sectors under the theme "New Quality Productivity, New Driving Force for Transportation" [2][4][6][8][10][12][13]. Group 1: Event Overview - The exhibition is held at the Beijing National Convention Center and lasts for three days [2][4][6][8][10][12][13]. - It highlights advancements in domestic and international sectors including railways, highways, water transport, civil aviation, postal services, urban transportation, and new transportation business models [2][4][6][8][10][12][13]. Group 2: Exhibitor Highlights - JD Logistics showcased its core business to attendees [4]. - Didi presented its autonomous driving vehicles during the event [6]. - Guangdong Gaoyu Technology Co., Ltd. displayed its low-altitude travel products [12]. - Various companies, including China Communications Construction Group and China Energy Construction Group, participated in the exhibition [2][10].

Group 1 - The city has achieved a construction project commencement rate of 75.4% in the first half of the year, with significant progress in major infrastructure projects [1][2] - The Xinxin Longjiang Bridge is nearing completion, which will reduce travel time from 1 hour to 10 minutes between Qixia Avenue and Jiangbei Avenue, enhancing the river crossing capacity and regional road network [1] - The completion of the last segment of the steel box girder for the Jianing West Road overpass marks the completion of the main structure for the Jiangbei Avenue interchange phase one project [1] Group 2 - The construction of Nanjing North Station is progressing well, with all pile foundation work completed and the station expected to reach the subway structure cap by the end of October [2] - The first public transport station TOD project in the city, Suojie Bus Station, has completed all construction tasks and is set to officially open by the end of the year [2] - A total of 352 A-class projects have been planned for urban construction this year, with an investment of 227.2 billion yuan completed across 37 major projects, achieving 51.9% of the annual investment plan [2]

截至目前，全省交通系统已组建594支应急队伍、2.7万余人待命，储备客货运车辆3459辆、船舶361 艘、大型救援装备3563台，依托在建工程项目组建224支、7153人的应急救援预备队，平顶山、南阳等 受暴雨影响地区配强配足应急力量，一旦突发险情，确保能够拉得出、救得下、抢得通。（记者 郭北 晨） 连日来，河南多地遭遇强降雨天气。为保障道路交通安全，省交通运输厅全面落实预警"叫应"、监测调 度、风险排查等防御措施，截至7月1日9时，省内高速公路、普通国省干线未接报人员伤亡事故。 针对本轮强降雨，省交通运输厅强化与气象部门会商，每日3次滚动研判天气影响，发布交通预警信息 4.2万余条，提醒驾驶员安全行车；依托三级预警"叫应"机制，信息直接推送至公路主要负责人、分管 负责人、部门负责人、班组负责人、包保责任人、路长（桥长、隧长、坡长）等9类重点防汛责任人及 865个施工驻点"吹哨人"，确保预警响应迅速、处置及时。 雨情、水情监测快，预警趋势判得准，才能为防汛赢得主动权。我省强化桥梁、隧道、高边坡健康监测 系统运用，持续做好强降雨期间重大基础设施监测预警。同时，通过全省公路智慧系统、高速公路"融 合通信"系统，重 ...

（文章来源：深圳商报） 在一代又一代广东交通集团人的坚持奋斗下，广东高速公路里程逐年上升。在2014年以6000公里跃居全 国第一后，广东连续突破7000、8000、9000、10000、11000公里，至2024年底已超11700公里，其中广 东交通集团贡献8181公里，约占全省通车里程70%。集团运营的近8200公里高速公路网，日均承载超 500万车次的流动。 一条路带动一方经济，与深圳相关的路更是一次次带来前所未有的流量，是车流量，更是经济流量。评 估数据显示，2002—2020年间，仅广深高速对沿线区域经济的贡献值就超过4000亿元。2024年6月通车 的深中通道，一年来车流量突破3100万车次，让人才、货物、资金、信息在珠江两岸自由奔涌，有力促 进珠江口东西两岸区域协同发展，把商机和可能变成现实。 据省文化和旅游厅发布的统计数据显示，得益于深中通道带来的庞大客流，2024年国庆黄金周中山市累 计接待游客341.38万人次，上升102.36%，实现旅游收入19.68亿元。此外，中山生命科学园一期共计20 栋楼宇招商去化率已达65%，成功吸引30多家生物医药企业扎根落户。 数字背后，是"路通百业兴"的民 ...

Core Insights - The marine economy in Shenzhen is projected to reach a total output value of 540.94 billion yuan in 2024, marking a significant milestone and serving as a crucial engine for the city's stable economic development [1] Group 1: Marine Industry Development - Shenzhen's foreign trade measures have shown significant effectiveness, with the marine transportation industry leading the way [1] - The marine tourism sector continues to thrive, supported by strong supply and demand in the market [1] - The marine oil and gas industry is experiencing sustained growth in reserves and production, solidifying its pillar status [1] - The marine engineering equipment market is seeing active demand, with steady growth in marine engineering manufacturing and shipbuilding industries [1] - The inclusion in the Ministry of Commerce's pilot program for expanding service industry openness has led to robust growth in marine technology and information services [1] Group 2: Technological Innovation and Green Development - Shenzhen is committed to a "digital, green, and domestic" industrial development direction, focusing on technological innovation as the core driving force [2] - Support for CNOOC's Shenzhen branch in implementing oil and gas reserve enhancement projects in the South China Sea has strengthened marine oil and gas development capabilities [2] - The successful production of Asia's first deep-water jacket platform and the first cylindrical FPSO marks significant advancements in marine engineering [2] - A major oil field discovery near Shenzhen, with a capacity of 1.9 billion tons, highlights the city's achievements in overcoming deep-sea exploration challenges [2] Group 3: Marine Manufacturing and Services - Shenzhen is actively nurturing marine manufacturing sectors, including shipbuilding, marine engineering equipment, and related materials [3] - The city is promoting the development of green and intelligent marine products, such as underwater robots and smart boats, in response to industry trends [3] - The Marine Development Bureau is facilitating the introduction of high-quality marine industry projects and attracting key enterprises [3] Group 4: Policy Support and Infrastructure Development - Shenzhen is increasing policy and financial support for marine high-end equipment and biotechnology projects [4] - The establishment of the first "marine industry professional park" in Shenzhen Bay Eco-Tech Park is a significant step in advancing marine industry infrastructure [4] - Strategic cooperation agreements with various organizations aim to enhance marine technology and service capabilities [4] Group 5: Open Testing Zones and Collaborative Initiatives - The establishment of Shenzhen's first open water testing zone for marine intelligent equipment is a key initiative to facilitate research and development [5] - Collaborative efforts among city planning, marine development, and other departments are aimed at resolving critical issues related to site selection and infrastructure [5] - The construction of a comprehensive marine testing ground in Dapeng Bay is underway, focusing on sensor and underwater equipment testing [5][6]

证券代码：600611 证券简称：大众交通 公告编号：2025-038 900903 大众B股 债券代码：241483 债券简称：24大众01 242388 25大众01 大众交通（集团）股份有限公司2024年年度权益分派实施公告 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： ● 每股分配比例 A股每股现金红利0.03元，B股每股现金红利0.004176美元 ● 相关日期 ■ ● 差异化分红送转： 否 四、分配实施办法 一、通过分配方案的股东会届次和日期 本次利润分配方案经公司2025年5月23日的2024年年度股东会审议通过。 二、分配方案 1.发放年度：2024年年度 2.分派对象： 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分公司（以下简 称"中国结算上海分公司"）登记在册的本公司全体股东。 3.分配方案： 本次利润分配以方案实施前的公司总股本2,364,122,864股为基数，每股派发现金红利0.03元（含税）， 共计派发现金红利70,923,685.92元。 三、相关 ...

Group 1 - The core viewpoint of the article is that Jiadu Technology Group plans to issue H-shares and list on the Hong Kong Stock Exchange as part of its global strategy to enhance financing channels and expand its technology application market [2] - Jiadu Technology has previously contributed to the digital transformation of Hong Kong's subway system, enhancing operational efficiency and service quality through initiatives like the QR code payment service [2] - The company aims to improve its international visibility and align its governance with international standards, thereby strengthening its global competitiveness [2] Group 2 - The trend of A-share companies pursuing secondary listings in Hong Kong is supported by favorable policies and the attractiveness of Hong Kong as an international financial center [3] - The Hong Kong market offers a rich variety of financing tools and attracts international investors, which is beneficial for companies looking to expand their global brand image [3] - The supportive policies, continuous optimization of the Hong Kong stock market, and increasing attention from international investors towards Chinese enterprises create a favorable external environment for A-share companies to list in Hong Kong [3]

Core Viewpoint - The global transportation investment and financing sector is facing significant challenges due to economic recovery issues, geopolitical conflicts, and climate change pressures, leading to funding gaps and high project risks [1] Group 1: Current Challenges in Transportation Investment - There is a huge funding gap in transportation infrastructure, especially in developing countries, where the demand for investment exceeds limited public financial inputs and market financing channels [1] - High project risks and insufficient investment confidence are prevalent, as geopolitical changes, market fluctuations, and technological advancements create multiple risks that deter private capital and long-term investors [1] - The disconnection between financing rules and operational mechanisms complicates cross-border project coordination and increases costs [1] Group 2: Recommendations for Improvement - Establishing a mechanism for cooperative platforms and exploring innovative financing models, such as public-private partnerships and diversified financing tools like real estate investment trusts and green bonds, is essential [2] - Integrating green development standards into transportation financing mechanisms is necessary to promote sustainable practices [2] - Enhancing capacity building and knowledge sharing, particularly in underdeveloped regions, will improve the financing viability and success rates of transportation projects [2] Group 3: Challenges for Chinese Enterprises in International Infrastructure - Chinese enterprises face difficulties transitioning from contractors to investors, as they primarily operate under the EPC model and lack investment and long-term operational management capabilities [3] - Increased international uncertainty, including economic slowdowns and geopolitical risks, complicates project financing and risk management [3] - Many enterprises struggle with financing due to inadequate capabilities and a lack of diversified financing solutions, leading to high costs and limited access to international capital [3] Group 4: Strategic Suggestions for Infrastructure Financing - Policy improvements are needed to enhance institutional design and support for infrastructure financing, including the establishment of a global risk warning platform [4] - Companies should develop a comprehensive business model that integrates investment, construction, and operation, while enhancing project financing and risk management capabilities [4] - Consulting firms should shift from technical services to comprehensive lifecycle support and strengthen international standards to gain recognition from financial institutions [4]

证券研究报告 公司研究 [Table_ReportType] 公司点评报告 [Table_StockAndRank] 涛涛车业(301345) 投资评级 无评级 上次评级 [Table_Author] 姜文镪 新消费行业首席分析师 执业编号：S1500524120004 邮 箱： jiangwenqiang@cindasc.com 骆峥 新消费行业分析师 执业编号：S1500525020001 邮 箱： luozheng1@cindasc.com 邓健全 汽车行业首席分析师 执业编号：S1500525010002 邮 箱： dengjianquan@cindasc.com [Table_OtherReport] 涛涛车业：电动高尔夫球车持续放量， 海外供应链布局领先 信达证券股份有限公司 CINDA SECURITIES CO.,LTD 北京市西城区宣武门西大街甲127号金隅大厦B 座 邮编：100031 [Table_Title] 涛涛车业：电动高尔夫持续放量，规模效应凸 显 [Table_ReportDate] 2025 年 07 月 01 日 [Table_S 事件：公司ummar发布y] 2025 年 ...

证券研究报告 固收定期报告 hyzqdatemark 2025 年 07 月 01 日 经济的边际变化或在于消费 ——利率周报（2025.6.23-2025.6.29） 投资要点： 本周（6/23-6/29）市场概览： 证券分析师 廖志明 SAC：S1350524100002 liaozhiming@huayuanstock.com 请务必仔细阅读正文之后的评级说明和重要声明 联系人 宏观要闻：6 月 24 日央行等六部门联合发布《关于金融支持提振和扩大消费的指导 意见》。6 月 23 日央行政策委员会召开了 2025 年第二季度例会，会议认为世界经 济增长动能趋缓，对国内经济表述更加乐观，近期实施降准降息的概率可能不大。 目前以色列和伊朗宣布正式停火，国内国际油价大幅走低。 中观高频数据：经济修复呈现"消费韧性与工业分化并存、地产链弱势未改"的格 局。消费市场政策刺激成效显著：截至 6 月 22 日当周乘用车厂家日均零售同比 +30.0%，截至 6 月 13 日当周三大家电零售量/额同比分别+24.6%/+13.5%。交运物 流方面供应链韧性凸显：截至 6 月 22 日当周铁路货运量同比+2.4%，当周高速 ...