金十图示：2025年05月12日（周一）富时中国A50指数成分股午盘收盘行情一览：银行、保险股走势分化，半导体板块走软 长江电力 中国核电 东方财富 8 7213.23亿市值 1929.28亿市值 3362.32亿市值 9.81亿成交额 4.59亿成交额 49.78亿成交额 29.48 9.38 21.30 -0.07(-0.24%) +0.01(+0.11%) +0.47(+2.26%) 证券 食品饮料 中信证券 国泰海通 海天味业 胸更 3877.06亿市值 3088.72亿市值 2374.93亿市值 19.62亿成交额 5.89亿成交额 2.23亿成交额 17.52 42.71 26.16 +0.61(+2.39%) +0.17(+0.98%) +0.31(+0.73%) 消费电子 化学制药 恒瑞医药 工业富联 立讯精密 3765.24亿市值 3217.57亿市值 2391.64亿市值 9.84亿成交额 51.69亿成交额 27.27亿成交额 18.96 33.00 50.44 +0.27(+1.44%) +0.92(+2.87%) -2.37(-4.49%) 家电行业 农牧饲渔 海尔智家 牧原股份 格 ...

Core Viewpoint - Yunnan Province is implementing policies to enhance the economic efficiency of its highway projects through the integration of various industries and resources, aiming for sustainable development and improved asset utilization [1][2]. Group 1: Highway Development and Economic Impact - By 2024, Yunnan's highway mileage is expected to reach 10,758 kilometers, ranking second in the country and covering 124 counties, which will significantly support the province's economic and social development [1]. - The province faces challenges such as high bridge and tunnel ratios, elevated average construction costs per kilometer, and long investment recovery periods, leading to operational pressures on some highway projects [1]. Group 2: Policy Measures for Integration - The newly released policy encourages the establishment of dedicated sections for integrated development in feasibility reports for new or expanded highways, promoting coordinated planning and approval processes [2]. - The policy supports various integration paths, including "Highway + Industry," "Highway + Culture and Tourism," "Highway + Logistics," and "Highway + Digital Intelligence," aiming to enhance the synergy between highways and these sectors [2]. Group 3: Implementation and Future Plans - By June 2025, Yunnan plans to launch a series of "Highway +" projects, focusing on summarizing and promoting successful experiences to enhance the comprehensive economic benefits of highway projects [2]. - The policy also emphasizes differentiated tolls, improved service area operations, and better financing environments to stimulate the vitality of integrated development [2].

货车通过智利5号公路塔尔卡—奇廉段位于塔尔卡市的一 处收费站。 本报拉美中心分社 路易斯·布兰科摄 智利水果出口商协会主席伊万·马兰比奥对本报记者表示，5号公路塔奇段连接起果农、物流商、港口与 国际市场，是智利农产品进入中国等亚洲市场的重要通道。该路段的改造升级，大幅提高了运输效率， 显著缩短了鲜果到港时间，帮助智利果农获得了更高的出口利润，推动了沿线就业与产业集群发展。 胡安·阿尔瓦雷斯是一名长期往返于智利塔尔卡市与科伊普伊市之间的货车司机。他对本报记者说："自 从中国公司带来了'无感通行'模式，交通拥堵明显缓解了，运输时间大大缩短。现在运送两地货物，两 个多小时就能跑完一趟，一天可以来回两次，我的收入也比以前多了不少。"记者在采访中了解到，随 着项目沿线交通条件不断改善，当地民众生活发生了可喜变化：越来越多当地人从事快递、供销、电商 等相关产业，收入大幅提升。 开栏的话 "我们农庄原先种植玉米和西红柿。2012年开始转型，改种经济附加值更高的车厘子、葡萄和西瓜。 2014年，我们首次向中国出口车厘子。如今，农庄收获的车厘子全部出口中国，生产的葡萄酒也有相当 一部分销往中国。"罗德里格斯告诉记者，到了收获季 ...

兴证全球基金经理童兰认为，不管是红利资产还是成长类资产，本质上都是资产。"作为投资人，我关 注的是它的核心本质，也就是其在全生命周期当中创造现金流，折算到当前价值的合理水平。"童兰 说。 具体到红利资产的细分配置方向，睿郡资产执行董事杜昌勇认为，共识过于一致的资产市场表现已经很 充分，更应关注部分共识度较低、基本面又比较好的资产。"有些行业，比如说运营商行业是非常稳定 的小幅成长行业，过去市场表现很充分，市场的共识也很一致。这两年我们关注到的另一些公用事业行 业，比如电力行业，目前市场上分歧还是挺大的。未来这个板块的稳定性会显示出来，可以慢慢地看到 业绩的稳定性和成长性，又有很高的分红比例承诺。从这个角度来看，兼具分红和成长的属性。" 进入5月，一季度小有收获的公募基金开始为下半年行情做准备。在此背景下，机构对红利资产的关注 度显著提升。在机构人士看来，低估值、基本面稳健的红利资产依然是组合的压舱石，但在哪些红利资 产更具配置价值方面，则存在一定的分歧。 今年以来，公募主动权益类基金的业绩有所修复。Choice统计数据显示，截至4月30日，今年以来全市 场普通股票型基金和偏股混合型基金的平均回报皆为正，分别为 ...

此外，2025年，交通运输部还将推动农村公路数字化转型，开展农村公路"一路一档"信息化建设，推进农村公路路况自动化检测。在交通运输 基础设施建设和管护领域加大以工代赈推广力度，进一步扩大实施范围和受益对象，将农村公路管护领域就业岗位稳定在85万个。 交通运输部公路局农村公路处副处长陈文亮介绍，2025年，将精准推进农村公路建设改造，推动打通乡镇等主要经济节点对外快速通道，因地 制宜实施老旧公路改造以及过窄农村公路拓宽改造。同时，大力发展"农村公路+"模式，加快乡村产业路、旅游路、资源路建设，进一步深化 交旅、交能融合发展。 2025年1至4月 全国铁路完成固定资产投资1947亿元 记者5月11日从国铁集团获悉，2025年1至4月，铁路建设优质高效推进。全国铁路完成固定资产投资近2000亿元，一批"十四五"规划重点铁路 建设项目加快推进。 央视网消息：记者从交通运输部了解到，2025年，交通运输部将实施新一轮农村公路提升行动，加快完善现代化农村交通运输体系。 2025年，我国将统筹县域城乡规划布局，充分发挥建设资金效益。2025年，计划新改建农村公路10万公里，新增通三级及以上等级公路乡镇 250个，新增通硬化 ...

交运整体稳健，看好物流发展 [Table_Industry] 交运 24 年度复盘及 25Q1 总结 [Table_ReportDate] 2025 年 5 月 9 日 证券研究报告 行业研究 [Table_ReportType] 行业专题研究（深度） | [Table_StockAndRank] 交通运输 | | | --- | --- | | 投资评级 | 看好 | | 上次评级 | 看好 | [Table_Author] 匡培钦 交运行业首席分析师 执业编号：S1500524070004 邮 箱：kuangpeiqin@cindasc.com 黄安 交运行业分析师 秦梦鸽 交运行业分析师 陈依晗 交运行业研究助理 邮 箱：chenyihan@cindasc.com 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] 交运 24 年度复盘及 25Q1 总结：交运整体稳 健，看好物流发展 [Table_ReportDate] 2025 年 5 月 9 日 [Table_S [➢Table_S ...

央视网消息：记者从交通运输部了解到，2025年，交通运输部将实施新一轮农村公路提升行动，加快完善现代化农村交通运输体系。 2025年，我国将统筹县域城乡规划布局，充分发挥建设资金效益。2025年，计划新改建农村公路10万公里，新增通三级及以上等级公路乡镇 250个，新增通硬化路较大人口规模自然村组1.2万个。实施农村公路危旧桥改造3000座，修复性养护工程10万公里。 此外，2025年，交通运输部还将推动农村公路数字化转型，开展农村公路"一路一档"信息化建设，推进农村公路路况自动化检测。 交通运输部公路局农村公路处副处长陈文亮介绍，2025年将精准推进农村公路建设改造，推动打通乡镇等主要经济节点对外快速通道，因地制 宜实施老旧公路改造以及过窄农村公路拓宽改造。同时，大力发展"农村公路+"模式，加快乡村产业路、旅游路、资源路建设，进一步深化交 旅、交能融合发展。 科技赋能 农村公路管养提速更提"智" 在2025年新一轮的农村公路提升行动中，交通运输部还将推动农村公路数字化转型，尤其是公路的养护环节。在农村公路路网规模全国第一的 四川省，60%以上县市区建有数字化管理平台，将实现农村公路规划、建设、养护全过程监管 ...

Group 1 - The article highlights the transformation of service areas from mere transit points to popular short-trip destinations, exemplified by the Chengkan Service Area in Huangshan, Anhui [1][5][16] - Chengkan Service Area has been upgraded with various facilities, including a hotel, making it a comprehensive stop for travelers [1][5][16] - The service area has reduced the travel distance to the Chengkan scenic area from 25 kilometers to just 1.5 kilometers, saving travelers significant time [5][7][16] Group 2 - The "Fast Entry, Slow Travel" tourism transportation system aims to shorten travel time while enhancing the experience at scenic spots [9][16] - The Chengkan Service Area has seen a significant increase in traffic, with 90,000 vehicles during the May Day holiday, a year-on-year increase of over 40%, which also boosted the scenic area's visitor numbers by nearly 50% [16] - Similar transformations are occurring in other regions, such as the Linyi Service Area in Shandong, which has upgraded its facilities and services to enhance the travel experience [17][30] Group 3 - The Linyi Service Area features a unique architectural design and offers a variety of leisure and dining options, attracting travelers seeking a more engaging stop [19][21][30] - The service area has implemented smart systems for hygiene and comfort, including star-rated public restrooms and dedicated rest areas for truck drivers [24][30] - The Changsha Bay Service Area in Guangdong has become a cultural landmark, integrating local cultural performances and product exhibitions to enhance visitor engagement and drive consumption [33][37]

Core Viewpoint - The transformation of highway service areas into tourist destinations is gaining momentum, with examples like the Chengkan Service Area in Anhui and the Linyi Service Area in Shandong showcasing this trend. These areas are evolving from mere transit points to cultural and recreational hubs that enhance the travel experience and stimulate local economies [1][9][12]. Group 1: Chengkan Service Area - The Chengkan Service Area has been upgraded to include comprehensive facilities such as mother-baby rooms, hot water rooms, and shower facilities, along with a hotel [1]. - After renovations, the service area now features improved connectivity to the Chengkan scenic area, reducing the travel distance from 25 kilometers to just 1.5 kilometers [3]. - The service area has become a popular destination, with traffic during the May Day holiday reaching 90,000 vehicles, a year-on-year increase of over 40%, and a nearly 50% increase in visitor numbers to the Chengkan scenic area [11]. Group 2: Linyi Service Area - The Linyi Service Area has transformed into a cultural and leisure destination, featuring a total building area of nearly 30,000 square meters, designed to create a scenic experience for travelers [12]. - The service area offers upgraded facilities, including star-rated public restrooms and a dedicated resting area for truck drivers, enhancing the overall service quality [14]. - During the May Day holiday, the Linyi Service Area recorded a traffic volume of 75,000 vehicles, a 36% increase year-on-year, and a 17% increase in revenue [16]. Group 3: Other Notable Service Areas - The Changsha Bay Service Area in Guangdong has become a cultural landmark with its unique "whale" design, hosting various activities that promote local consumption [19][23]. - The service area features performances of traditional fishing songs, creating an engaging atmosphere for travelers [21]. - The integration of agricultural and cultural elements in service areas, such as the Changsha Bay Service Area, is shifting the focus from "transit economy" to "destination economy" [23].

2024年，同力股份持续增强新能源产品的研发力度，净承载110吨的产品已经投入矿区验证；更大吨位的产品也在加紧研 发中。据了解，公司将在大型化、新能源、智能化方面不断推出满足市场需求的产品。 本报记者 殷高峰 5月8日下午，陕西同力重工股份有限公司（以下简称"同力股份"）2024年年度股东大会召开。作为国内非公路宽体自卸车 行业的开创者和引领者，同力股份如何保持技术上的领先和市场竞争力、公司未来的发展规划等问题是与会投资者主要关注的 问题。 "公司将紧抓矿山智能化、绿色化转型的机遇，将'大型化、绿色化、智能化'作为技术攻关的关键，采取'前瞻、在研、应 用'研发路线，多点布局，将清洁能源、无人驾驶应用到公司矿车，不断实现产品创新和突破。"同力股份董事长叶磊表示，同 时，公司将进一步推动公司的出海战略，加速海外市场的布局。 增强产品研发力度 "公司未来的发展将由技术引领上升为战略引领。"许亚楠透露，公司未来的战略发展方向主要是海外市场。 "公司在海外市场方面，起步较晚，目前海外市场规模尚小，但空间很大。"叶磊表示，与公司在国内的市场占比相比，公 司海外市场占比还需要大幅度的提升。 目前，同力股份通过设立的新加坡子 ...