Core Viewpoint - Chengdu Road and Bridge Engineering Co., Ltd. has made progress in the overdue settlement distribution of its financial products, with the company set to receive a distribution of approximately 112.72 million yuan from a trust plan, which will positively impact its financial results and liquidity [1][4]. Group 1: Financial Product Overview - The company subscribed to the China Railway Trust Pan County Hongteng Investment Loan Project Trust Plan, acquiring a total of 15.6 million units, equivalent to 156 million yuan, from 2021 to 2023 [2]. - Due to the debtor's failure to fulfill contractual obligations, the trust's beneficiary rights have been extended indefinitely, resulting in a cumulative fair value loss of approximately 57.46 million yuan by the end of 2024 [2]. Group 2: Trust Plan Debt Restructuring - Following the overdue status of the trust plan, the company has actively engaged with relevant parties to minimize potential losses and protect shareholder interests, leading to a lawsuit filed by China Railway Trust in January 2025 [3]. - The company’s board approved a resolution to participate in the beneficiary meeting and support the debt restructuring plan, confirming a distributable trust fund of 112.72 million yuan, with a principal loss of approximately 43.28 million yuan, representing 47.33% of the company's audited net profit for 2024 [3]. Group 3: Impact on the Company - The anticipated receipt of the trust distribution is expected to reverse a previously recognized fair value loss of approximately 14.17 million yuan, potentially increasing the company's pre-tax profit by the same amount [4]. - The proceeds from the trust plan will be utilized to enhance the company's liquidity, providing financial support for future development [4].

钟翔表示，作为一家扎根尼日利亚43年的中资企业，一直以来以"非洲发展伙伴、中非合作桥梁"为 使命，通过实现首都区繁荣发展的共同梦想，为将首都区乃至尼日利亚建设成为基础设施建设最好的国 家之一而努力。 维克对中地海外公司能够在规定的时间内高标准高质量完成工作表示高度赞扬，并称赞该项目是将 对首都区建设发展作出巨大贡献的伟大工程。 N16项目包括N16道路及立交桥、6条匝道、2条社区道路，建设道路全长2.7公里，连接了迈塔玛、 卡坦佩与瓜林帕三个区，成为贯通首都东西的交通要道。项目于2024年10月开工建设，计划工程12个 月，经过各方努力协作，提前了4个月完工。 施工过程中，企业积极履行社会责任，大量雇用沿线居民，创造就业岗位1300多个。项目建成后， 把阿布贾城区内多条快速通道串联了起来，进一步完善了城市道路网络，极大地缓解了交通拥堵，显著 改善了居民日常出行条件，将大幅提升卡坦佩区及周边地区经济活力，并助力首都城市形象升级。未 来，公司还将建造并捐赠一个可持续的太阳能钻孔，以改善当地民众生活条件。 人民网阿布贾6月11日电 （记者姜宣）11日，由中地海外尼日利亚有限公司承建的阿布贾N16路桥 项目（含延长线 ...

在门头沟与房山交界的松树岭，一阵阵轰鸣声在山谷间回荡，巨大的隧道台车缓缓伸出"手臂"，在郁郁 葱葱的山体下，朝岩壁深处推进……这是国道108三期工程门头沟段的施工现场。 作为首都西部山区"三横三纵"路网体系中关键的一"横"，该工程将弯弯绕绕的盘山路变为穿山路，建成 后将优化区域交通格局，提升防灾减灾能力，带动沿线经济发展，为京西"生命线"升级。 两区交界处穿山建隧道 转自：北京日报客户端 京西"三横三纵"路网加速建设 "我们正处于门头沟、房山的交界，潭柘寺镇西南方向。"层峦叠嶂的山体之间，市交通委门头沟公路分 局工程管理科郑新赟望向远山，"过去，连通两区的盘山路弯弯绕绕，不仅容易受到水毁，通行时间也 较长。这条新路建成后，可让市民穿山越岭走'直线'，出行大大提速。" 国道108三期工程门头沟段，起于松树岭西侧，终于鲁家滩村，全长3.72公里，按一级公路标准建设， 设计时速60公里，双向四车道，包含1座隧道、3座主线桥梁及11道涵洞。 松树岭隧道，全长2.6公里，最大埋深达156米，采用"分离式双洞"设计。走进施工现场，一座巨大的洞 口已经呈现在眼前，隧道台车隆隆作响，向前掘进。"这段山体夹藏着断裂带、溶洞，就 ...

Summary of Ninghu Expressway Conference Call Company Overview - Ninghu Expressway reported a revenue of 23.7 billion yuan in 2024, representing an 18% year-on-year growth, with a net profit attributable to shareholders of 4.94 billion yuan and a return on equity (ROE) of 13.6% [2][3] - The company plans to distribute half of its net profit as dividends, amounting to 0.49 yuan per share (including tax), resulting in a dividend yield of approximately 3.4% [2][3] Stock Performance - Ninghu Expressway was listed on the Hong Kong Stock Exchange in 1997 and on the Shanghai Stock Exchange in 2021. The stock price has increased nearly 50 times from its historical low, while the A-share price has risen about 8 times since its listing [2][4][5] - In Q1 2024, total revenue grew by 37% year-on-year, but net profit slightly decreased by 3%, primarily due to a reduction in traffic volume [4][10] Revenue Sources - The main source of revenue for Ninghu Expressway is toll fees, accounting for 41% of total revenue, with a gross profit margin of 92% [2][6] - The renewable energy segment contributed 3% to total revenue, with a gross profit margin of 6% [2][6] - Other business segments, including financial asset investments and real estate, have a minimal impact on overall profits [2][6] Future Expansion Plans - The company plans to add new projects, including the Ningyang Yangtze River North Connection and the expansion of Ninghu Expressway, expected to open by the end of 2024, 2025, and 2028 respectively [2][7] - Ongoing construction in the southwestern section and the Guangjing North section is anticipated to commence in the second half of 2025, which will enhance the company's asset base and profitability [2][7] Capital Expenditure and Debt Management - Capital expenditures are projected to be 11.2 billion yuan in 2024 and 9.5 billion yuan in 2025, indicating a high level of investment [2][8] - The company has maintained interest-bearing liabilities exceeding 30 billion yuan for three consecutive years, posing a potential risk to profitability despite plans for debt restructuring [2][8][9] Investment Potential - Investors should monitor the growth of road assets and overall highway traffic in China. If traffic continues to rise, the company's performance may exceed the 3%-5% adjustment threshold, indicating investment value [4][11] - The company is viewed as a defensive investment, particularly during market downturns, with a current dividend yield around 3.5% [4][11]

本次回购股份资金来源为公司自筹资金及股票回购专项贷款，回 购价格未超过 8.68 元/股。本次回购符合相关法律法规的规定和公司 既定的回购股份方案的要求。 二、其他说明 公司首次回购股份的时间、回购股份数量、回购股份价格及集中 竞价交易的委托时间段符合《上市公司股份回购规则》《深圳证券交 易所上市公司自律监管指引第 9 号——回购股份》的相关规定。具体 如下： （一）公司未在下列期间回购公司股份 证券代码：000498 证券简称：山东路桥 公告编号：2025-54 山东高速路桥集团股份有限公司 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。 山东高速路桥集团股份有限公司（以下简称"公司"）分别于 2025 年 4 月 28 日、2025 年 5 月 19 日召开第十届董事会第十次会议、2024 年度股东大会，审议通过了《关于回购公司股份方案的议案》，同意 公司以自有资金或/及金融机构借款通过集中竞价交易方式回购公司 A 股股份，本次回购的股份将全部用于注销并减少公司注册资本，并 自回购完成之日起十日内注销。具体内容详见公司于 2025 年 4 月 29 日、2 ...

Core Viewpoint - Sichuan Road and Bridge plans to acquire 100% equity of New筑交科 and related assets and liabilities from New筑股份 to enhance its bridge technology and market capabilities [1] Group 1: Acquisition Details - The acquisition aims to strengthen the synergy between bridge component business and construction operations, optimize supply chain management, and improve cost control [1] - New筑股份 is a subsidiary of Sichuan Road and Bridge's controlling shareholder, Shudao Investment Group, and focuses on rail transit, bridge components, and photovoltaic power generation [1] - The transaction is expected to constitute a major asset restructuring and related party transaction, without changing the actual controller [1] Group 2: Financial Performance - In Q1 2025, Sichuan Road and Bridge won 77 projects worth 34.681 billion, a year-on-year increase of 18.87% [1] - In the infrastructure sector, the company secured 35 projects totaling 30.456 billion, up 27.95% year-on-year [1] - For Q1 2025, the total revenue was 22.986 billion, reflecting a 3.98% year-on-year growth, while the net profit attributable to shareholders was 1.774 billion, a 0.99% increase [1]

内累计涨跌幅未超过 20%，未构成异常波动情况。公司在本次重组中采取了严格规范的 保密措施及保密制度，本次重组相关人员严格履行了保密义务。 成都市新筑路桥机械股份有限公司 独立董事专门会议 2025 年第三次会议 审核意见 成都市新筑路桥机械股份有限公司（以下简称"公司"）拟向四川蜀道轨道交通 集团有限责任公司出售四川发展磁浮科技有限公司 100%股权、对四川发展磁浮科技有 限公司享有的债权以及其它与轨道交通业务有关的部分资产，拟向四川路桥建设集团 股份有限公司出售成都市新筑交通科技有限公司 100%股权以及其它与桥梁功能部件业 务有关的资产和负债；同时，公司拟向蜀道投资集团有限责任公司发行股份及支付现 金购买四川蜀道清洁能源集团有限公司 60%股权并募集配套资金（以下简称"本次交 易"）。 根据《上市公司独立董事管理办法》《深圳证券交易所股票上市规则》《上市公 司重大资产重组管理办法》《上市公司监管指引第 9 号——上市公司筹划和实施重大 资产重组的监管要求》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》等法律法规以及《成都市新筑路桥机械股份有限公司章程》（以下简 称"《公司章程 ...

Group 1 - The company plans to sell 100% equity of Sichuan Development Maglev Technology Co., Ltd. and related assets to Sichuan Shudao Rail Transit Group Co., Ltd., and 100% equity of Chengdu Xinzhu Transportation Technology Co., Ltd. to Sichuan Road and Bridge Construction Group Co., Ltd. [1] - The company intends to issue shares and pay cash to acquire 60% equity of Sichuan Shudao Clean Energy Group Co., Ltd. from Shudao Investment Group Co., Ltd. [1] - This transaction is expected to constitute a major asset restructuring as it meets the standards set by the "Restructuring Management Measures" [1] Group 2 - The transaction is classified as a related party transaction since the counterparties are controlled by the company's controlling shareholder, Shudao Group [2] - The change in controlling shareholder is due to the free transfer of state-owned equity, which does not constitute a change in control according to relevant regulations [2] - Therefore, this transaction does not qualify as a restructuring listing under the "Restructuring Management Measures" [2]

通集团有限责任公司出售四川发展磁浮科技有限公司 100%股权、对四川发展磁浮 科技有限公司享有的债权以及其它与轨道交通业务有关的部分资产，拟向四川路 桥建设集团股份有限公司出售成都市新筑交通科技有限公司 100%股权以及其它与 桥梁功能部件业务有关的资产和负债；同时，公司拟向蜀道投资集团有限责任公司 发行股份及支付现金购买四川蜀道清洁能源集团有限公司 60%股权并募集配套资 金（以下简称"本次交易" 成都市新筑路桥机械股份有限公司董事会 关于本次交易前十二个月内上市公司购买、出售资产的说明 成都市新筑路桥机械股份有限公司（以下简称"公司" ）。 根据《上市公司重大资产重组管理办法》规定："上市公司在十二个月内连 续对同一或者相关资产进行购买、出售的，以其累计数分别计算相应数额。已按 照本办法的规定编制并披露重大资产重组报告书的资产交易行为，无须纳入累计 计算的范围。中国证监会对本办法第十三条第一款规定的重大资产重组的累计期 限和范围另有规定的，从其规定。交易标的资产属于同一交易方所有或者控制， 或者属于相同或者相近的业务范围，或者中国证监会认定的其他情形下，可以认 定为同一或者相关资产"。 ）拟向四川蜀道轨道 ...

成都市新筑路桥机械股份有限公司董事会 关于本次交易符合《上市公司重大资产重组管理办法》第十一条、 第四十三条和第四十四条规定的说明 成都市新筑路桥机械股份有限公司（以下简称"公司" ）拟向四川蜀道轨道交 通集团有限责任公司出售四川发展磁浮科技有限公司 100%股权、对四川发展磁浮 科技有限公司享有的债权以及其它与轨道交通业务有关的部分资产，拟向四川路 桥建设集团股份有限公司出售成都市新筑交通科技有限公司 100%股权以及其它与 桥梁功能部件业务有关的资产和负债；同时，公司拟向蜀道投资集团有限责任公司 发行股份及支付现金购买四川蜀道清洁能源集团有限公司 60%股权并募集配套资 金（以下简称"本次交易" ），本次交易预计构成重大资产重组。 公司董事会对本次交易是否符合《上市公司重大资产重组管理办法》 （以下简 称" 相关债权债务处理合法； 要资产为现金或者无具体经营业务的情形； 制人及其关联人保持独立，符合中国证监会关于独立性的相关规定； 《中华人民共和国证 券法》和中国证监会的有关要求，建立了相应的法人治理结构。本次交易完成后， 公司仍将严格按照法律、法规和规范性文件及《公司章程》的要求规范运作，不 断完善公司 ...