免费倒计时！ 近日 有市民在四川群众呼声平台发帖询问 成都双流机场高速何时停止收费？ 成都高速公路股份有限公司回复： 成都机场高速公路收费截止日期至 2025年12月26日 今年9月25日 有网友就通过问政四川 四川省网上群众工作平台 关注成都双流机场高速何时免费 也得到相同的回复 12月17日 记者在双流机场高速收费站看到 收费亭旁已张贴相关告示 成都双流机场高速工作人员明确表示 张贴公告显示收费截止日期至 2025年12月26日 就以公告为准 成都机场高速公路，1999年7月建成通车，是成都市境内连接火车南站立交与双流国际机场的高速公路，全长11.98公里，双向4车道，路基宽24.5米，设计 时速100公里，采用全封闭全立交结构，属S6成都—峨眉山高速公路组成部分。 来源：双流区融媒体中心 ...

Group 1 - The Hainan Free Trade Port officially launched its full island closure operation on December 18, 2025, marking a new starting point for its construction, with a customs supervision special area established and policies of "one line open, two lines controlled, and free within the island" implemented [1] - Several listed companies are expected to benefit from the policy dividends and market opportunities brought by the Hainan Free Trade Port [2] - Hainan Airport is acquiring control of Hainan Meilan International Airport, aiming to unify the operation of three major international airports in Hainan, with an annual passenger throughput exceeding 50 million [2] Group 2 - Hainan Airport will focus on serving the overall construction of the Hainan Free Trade Port and aims to become a key carrier of institutional openness, including the "seventh freedom of the air, bonded aviation materials, and visa-free policies" [2] - Hainan Expressway is focusing on the "smart transportation" sector for transformation and upgrading, leveraging technology to enhance its transportation services [3] - Caesar Tongsheng Development plans to leverage the opportunities from the closure operation across multiple sectors, including tourism, food, and marine cultural tourism, to provide comprehensive marine tourism experiences and destination services [3]

证券日报网讯 12月17日晚间，福建高速发布公告称，公司2025年12月17日召开2025年第二次临时股东 会，审议通过《2025年度中期利润分配预案》。 （文章来源：证券日报） ...

截至2025年12月17日收盘，安徽皖通高速公路（00995）报收于12.98元，较前一交易日下跌1.82%。该 股当日开盘价为13.32元，盘中最高13.32元，最低12.93元，成交额达967.84万元。近52周最高价为15.06 元，最低价为9.19元。 公司近日发布公告称，其附属广宣公司分别与交通数科及联网公司签订《路网运行服务协议一》和《路 网运行服务协议二》，协议期限均为2025年12月16日至2026年12月31日。根据协议，交通数科将提供 ETC发行、售后服务、公众出行服务平台建设与运维等服务；联网公司负责全省联网收费清分结算、路 网运行保障、数据稽核、系统运维及数据分析等服务。广宣公司就两项协议各支付人民币3,800,000元， 费用包含增值税，按联网结算通行费最终收入不超过0.33%的标准分摊，并以自有资金支付。该等交易 构成持续关连交易，年度上限分别为人民币4,600,000元（2025年度）和3,000,000元（2026年度）。董事 会确认相关董事回避表决，认为交易条款公平合理，符合公司及股东整体利益。 《持续关连交易:路网运行服务协议》 以上内容为证券之星据公开信息整理，由AI算法 ...

Core Viewpoint - The report from Pacific Securities highlights that Zhongyuan Expressway's core business involves the investment, construction, and management of highways, with a total maintenance mileage of approximately 808 kilometers disclosed in the semi-annual report [1] Financial Performance - In the first three quarters, the core revenue from highway tolls reached 3.43 billion, representing a year-on-year increase of 1.63%, accounting for 72% of total revenue and contributing a gross profit of 1.837 billion [1] - Revenue from construction services accounted for 27.5% of total revenue, with a gross margin of zero due to accounting standards, while the real estate segment saw a significant year-on-year revenue decline of 50% [1] Future Outlook - The company is expected to achieve steady profit growth this year due to the increase in revenue from consolidated statements [1] - The company plans to maintain a dividend payout ratio of no less than 40% annually over the next three years [1] - The Zhenglu Expressway, a key project, is anticipated to be completed and operational by the end of 2026, with a feasibility study indicating its potential profitability [1] Strategic Initiatives - The company aims to enhance its core business while diversifying its operations [1] - It will leverage its subsidiary focused on digital and technological innovation to strengthen technological capabilities and has established a special fund for technology research and development [1] - The company is optimistic about its future development and maintains a "buy" rating [1]

Group 1 - In 2025, the social security fund has invested in six "broken net stocks" with low prices and valuations, such as Wan Neng Power, which has a stock price below its net asset value and a dividend yield exceeding 4.5% [1][6] - The social security fund's investment strategy focuses on traditional industries with solid fundamentals, seeking companies that can provide consistent cash returns to shareholders [3][11] - The fund's average annual investment return has reached 7.36% since its establishment 24 years ago, indicating a long-term investment approach rather than short-term speculation [3][11] Group 2 - The social security fund has shown a preference for the chemical industry, which has recently performed well, with the basic chemical industry index rising by 11.51% since July 2025 [3][4] - The fund's recent investments include companies with unique global technologies, such as Haiyou Development, which has developed a megawatt-level seawater electrolysis hydrogen production device [6] - The fund's holdings in 334 listed companies have shown that 62% of them achieved year-on-year net profit growth in the first half of 2025, highlighting a focus on high-performing stocks [7][11] Group 3 - The social security fund has dynamically adjusted its holdings, with new investments in 14 stocks and increased positions in 12 stocks, while also reducing holdings in eight stocks, indicating a strategy of profit-taking [10][11] - The fund's investment in high-dividend strategies is supported by new policies encouraging companies to increase dividend payouts, making assets with dividend yields over 5% more attractive [7] - The collaboration between institutional investors and prominent retail investors in certain low-priced leading stocks suggests a shared recognition of the companies' value [8]

Core Viewpoint - The company has achieved steady growth during the "14th Five-Year Plan" period through a dual strategy of "internal growth and external expansion," focusing on enhancing asset quality and expanding its core business [1][2]. Internal Growth - The company has prioritized the renovation and expansion of existing road sections to enhance core asset value, successfully completing the renovation of the Xuanguang Expressway, a key project for the integration of the Yangtze River Delta [2]. - The company has restored toll revenue for the renovated road section to 95% of pre-construction levels by the third quarter of 2025, indicating a steady recovery in asset profitability [2]. - The company has successfully connected inter-provincial road networks, leading to significant increases in traffic and profitability, with the Ningxuanhang Expressway achieving profitability in 2024 [2]. External Expansion - Since the beginning of the "14th Five-Year Plan," the company has acquired four road assets totaling 188 kilometers for a total transaction value of 8.952 billion yuan [3]. - The company has increased its road mileage from 609 kilometers to 745 kilometers through strategic acquisitions, aligning the expansion of its highway business with the group's asset securitization [3]. Capital Operations - The company has engaged in various capital operations, including H-share issuance and strategic participation in the private placement of Shen High-Speed, reflecting a clear strategic focus on effective investment expansion [4]. - The company has actively pursued a "going out" strategy, investing approximately 500 million yuan in Shen High-Speed's A-share private placement, becoming one of the top ten shareholders [4]. Shareholder Returns - The company has maintained a high dividend payout policy, distributing a total of 9.412 billion yuan in cash dividends over 28 consecutive years, enhancing shareholder value while balancing long-term development [7]. - The company has successfully completed its first equity financing since its listing, raising approximately 5.22 billion Hong Kong dollars through a targeted issuance to Anhui Communications Control Group [5]. Future Strategy - The company aims to focus on high-quality development during the "15th Five-Year Plan," with four core objectives: expanding the scale of its core business, increasing effective investment, exploring financing potential, and leveraging financial and operational advantages [8]. - The company plans to implement three strategic layouts: optimizing core business through new construction and acquisitions, enhancing operational management for better service quality, and actively participating in new industry sectors aligned with digitalization and sustainability trends [8].

● 本报记者 刘杨 在外延扩张方面，公司同样动作频频。汪小文介绍，"十四五"以来，皖通高速累计收购安庆长江大桥、 岳武高速、阜周高速和泗许高速淮北段4条路产，总里程达188公里，交易规模总计89.52亿元。其中， 今年年初以47.71亿元现金收购集团所属阜周公司、泗许公司100%股权，使自有路段里程从609公里增 至745公里，实现公路主业拓展与集团资产证券化同步推进。与此同时，公司创新性利用外商投资企业 身份，参与联合体先后中标S62亳郸、S98全禄新建项目，为后续主业扩张积累了宝贵经验。 聚焦主业扩大有效投资 资本运作的丰硕成果，是皖通高速"十四五"期间的一大亮点。从H股增发、发行高成长产业债券，到战 略参与深高速定向增发、拟收购山东高速（600350）7%股份，一系列动作背后蕴含着清晰的战略考 量。 "'十四五'以来，公司实现的主业投资大多来源于集团对上市公司的支持。"汪小文对记者坦言，公司始 终围绕"强经营、提质效"发展理念，充分把握国企改革、并购重组的政策机遇和低利率市场环境，发挥 资信、财务杠杆、营运管理及成本管控等核心优势，在集团全力支持下，持续聚焦主业扩大有效投资， 构建投融互动的良好发展格局 ...

● 本报记者 刘杨 "'十四五'以来，公司实现的主业投资大多来源于集团对上市公司的支持。"汪小文对记者坦言，公司始 终围绕"强经营、提质效"发展理念，充分把握国企改革、并购重组的政策机遇和低利率市场环境，发挥 资信、财务杠杆、营运管理及成本管控等核心优势，在集团全力支持下，持续聚焦主业扩大有效投资， 构建投融互动的良好发展格局。 在跨省联动合作方面，公司坚定推进"走出去"战略，积极搜寻优质稀缺项目。今年3月，公司斥资约5亿 元参与深高速A股定增并成为前十大股东，成功融入粤港澳大湾区，迈出"走出去"的关键一步。10月下 旬，公司与山东高速集团签订股份转让协议，拟以约30.19亿元受让其持有的山东高速7%股份并获得一 个董事席位，若项目落地，公司将成为山东高速第三大股东，有望缔结更稳固的股权合作关系，拓展深 层次、多领域合作空间。 在股权融资领域，公司今年6月成功向安徽交控集团香港公司定向增发4998万股H股，融资规模约5.22亿 港元，不仅提升了集团持股比例、优化了公司股权结构，更实现了公司上市以来的首次股权融资，最终 达成国有资本控制力增强、集团境外投资拓展、公司股权融资突破的"三赢"局面。 皖通高速在"十四 ...

Investment Rating - The report maintains an "Accumulate" rating for Zhongyuan Expressway (600020) [1][5] Core Views - Zhongyuan Expressway has shown steady profit growth in 2025, with a projected completion of new road assets in the coming year [1][4] - The company reported a total revenue of 4.888 billion RMB for the first three quarters of 2025, representing a year-on-year increase of 3.89%, and a net profit attributable to shareholders of 961 million RMB, up 16.78% year-on-year [3][4] - The company plans to maintain a dividend payout ratio of no less than 40% over the next three years, with a cash dividend of approximately 382 million RMB for 2024, translating to a dividend per share of about 0.17 RMB [3][4] Financial Summary - Total revenue for 2024 is projected at 6.969 billion RMB, with a year-on-year growth of 22.20% [6] - The net profit for 2025 is estimated at 999 million RMB, reflecting a year-on-year increase of 12.62% [6] - The diluted earnings per share (EPS) for 2025 is expected to be 0.44 RMB, with a price-to-earnings (PE) ratio of 9.72 [6][8] - The company's core business, highway toll revenue, accounted for 72% of total revenue, with a gross profit contribution of 1.837 billion RMB [4][6]