证券日报网讯海南高速（000886）8月4日在互动平台回答投资者提问时表示，公司聚焦"回归主业、转 型发展"总体目标，围绕"大交通"产业体系，全力打造科技型综合交通集团，大力发展新质生产力，做 强做优做大主业，同时不断深化推进改革，提高管理效率，扎实推进企业高质量发展。 ...

证券日报网讯海南高速（000886）8月4日在互动平台回答投资者提问时表示，目前公司没有在建高速公 路。 ...

金融界8月4日消息，上证指数低开高走，中证香港300运输指数 (H300运输，H30325)报1098.01点。 数据统计显示，中证香港300运输指数近一个月上涨14.29%，近三个月上涨26.48%，年至今上涨 21.50%。 资料显示，指数样本每半年调整一次，样本调整实施时间分别为每年6月和12月的第二个星期五的下一 交易日。权重因子随样本定期调整而调整，调整时间与指数样本定期调整实施时间相同。在下一个定期 调整日前，权重因子一般固定不变。特殊情况下将对指数进行临时调整。当样本退市时，将其从指数样 本中剔除。样本公司发生收购、合并、分拆等情形的处理，参照计算与维护细则处理。 本文源自：金融界 作者：行情君 据了解，中证香港300行业主题指数系列从中证香港300指数样本中选取银行、运输、资源、基建、物流 和休闲等行业主题上市公司证券作为指数样本，以反映香港市场不同主题上市公司证券的整体表现。该 指数以2004年12月31日为基日，以1000.0点为基点。 从指数持仓来看，中证香港300运输指数十大权重分别为：中通快递-W（22.28%）、极兔速递-W （21.3%）、中远海控（12.02%）、海丰国际（11 ...

Report Title - The report is titled "Public Offering Infrastructure REITs Weekly Report" [1] Industry Investment Rating - No industry investment rating is provided in the report Core Viewpoints - No clear core viewpoints are presented in the provided content Summary by Relevant Catalogs Secondary Market Price and Volume Performance - From July 28 to August 1, 2025, some REITs showed price changes of 20.51%, 14.74%, 60.01%, 39.98%, and 70.00% [26] Secondary Market Valuation Situation - The report provides detailed valuation data for various REITs, including P/FFO, P/NAV, IRR, expected values for 2025, and other indicators for different types of REITs such as warehousing and logistics, industrial parks, affordable rental housing, consumer infrastructure, highways, ecological and environmental protection, and energy [16] Market Correlation Statistics - It shows the correlation coefficients between REITs and different asset classes such as stocks, convertible bonds, pure bonds, and commodities. For example, the correlation coefficient between REITs and the Shanghai Composite Index is 0.21, and different types of REITs (property - related, franchise - related, etc.) also have different correlation coefficients with these asset classes [22] Primary Market Tracking - Lists multiple REIT projects in different stages (approved, accepted, feedback - received). For example, the Southern Runze Technology Data Center REIT has been approved, with a project valuation of 4.203 billion yuan, and the CICC Vipshop Outlets REIT has been accepted, with a project valuation of 2.972 billion yuan [25]

Core Viewpoint - The Henan Transportation Investment Group is focusing on high-quality development and efficient governance through strong party leadership and strategic initiatives to enhance its operational capabilities and service to the province [1][2][3][4] Group 1: Party Leadership and Governance - The company emphasizes the political core role of the party committee, ensuring that party leadership is integrated into all aspects of work, with a mechanism for learning, research, implementation, and supervision [1] - A four-level publicity system has been established, with 72 teams conducting 679 theoretical presentations to promote ideological alignment [1] - The company has achieved top rankings in both high-quality party building and development among provincial enterprises [1] Group 2: Strategic Development Initiatives - The company is actively involved in major provincial strategies, including a significant investment of 16.53 billion yuan in inland waterway transportation in 2024, with plans to exceed 100 billion yuan in 2025 [2] - The construction of the first modernized million-level dedicated container terminal in Henan is underway, enhancing the province's logistics capabilities [2] - The company is expanding its highway network, adding 1,037 kilometers of new roads this year, bringing the total to over 10,000 kilometers [2] Group 3: Organizational and Talent Development - The company maintains a 100% coverage rate of party organizations and has implemented differentiated setups for project company party branches to address challenges in grassroots organization [3] - Over 60% of the second-tier enterprise leadership has been exchanged, and the proportion of middle-level managers under 45 has increased from 6% to 16% [3] - The company has introduced 27 leading and young talents, including PhDs, to enhance its development capabilities [3] Group 4: Reform and Innovation - The company is advancing state-owned enterprise reforms, focusing on strategic transformation and the establishment of four major platforms and seven business sectors [3] - The management structure has shifted from a linear to a networked approach, significantly improving operational efficiency [3] - Collaboration with academic teams in five key areas aims to establish national-level innovation platforms [3]

Core Viewpoint - The credit rating of China Merchants Highway Network Technology Holdings Co., Ltd. is maintained at AAA with a stable outlook, reflecting its strong operational capabilities and financial stability despite some challenges in its smart transportation business [3][5][6]. Financial Overview - Total assets increased from 1,149.39 billion in 2022 to 1,591.69 billion in 2024, while total liabilities rose from 472.64 billion to 703.88 billion during the same period [3][22]. - The company's net profit for 2024 is projected to be 59.36 billion, down from 72.16 billion in 2023, indicating a decline in profitability [3][21]. - The EBITDA for 2024 is expected to be 119.57 billion, showing growth from 98.04 billion in 2023 [3][21]. Business Operations - The company operates a significant network of toll roads, with a total of 1,832.19 kilometers of toll roads under its control as of 2024 [9][11]. - The company has a strong geographical advantage, with most of its toll roads located on major national and provincial highways [3][9]. - The smart transportation business has seen a decline in performance, which may impact the overall credit status of the company [3][6]. Investment and Growth Strategy - The company is focusing on expanding its core highway investment while also diversifying into traffic technology and ecological projects [8][14]. - The acquisition of Road King (China) Construction Co., Ltd. has increased the company's operational mileage by 276 kilometers [7][9]. - The issuance of REITs has improved the company's investment management capabilities, allowing for better capital allocation [7][8]. Industry Context - The highway transportation demand is expected to maintain growth due to ongoing infrastructure improvements and government policies aimed at stabilizing the economy [5][6]. - The industry is facing challenges such as increased competition and regulatory changes, which may affect toll revenue and operational efficiency [5][6][14]. - The overall credit level of highway operation companies is projected to remain stable despite the low growth rate in industry demand [6][19].

Group 1: Qingdao Bank - Qingdao Bank reported a net profit of 3.065 billion yuan for the first half of 2025, representing a year-on-year increase of 16.05% [1] - The bank achieved an operating income of 7.662 billion yuan, up 7.50% year-on-year [1] - Established in November 1996, Qingdao Bank primarily provides deposit, loan, and payment services [1] Group 2: Fuanna - Fuanna plans to repurchase shares worth between 55.85 million yuan and 104 million yuan, with a maximum repurchase price of 11 yuan per share [1] - The repurchased shares will be used for employee stock ownership plans or equity incentive plans [1] - Founded in August 1994, Fuanna specializes in the research, design, production, and sales of textile home products [1] Group 3: Zhengdan Co., Ltd. - Zhengdan Co., Ltd. reported a net profit of 630 million yuan for the first half of 2025, a significant year-on-year increase of 120.35% [1] - The company achieved an operating income of 1.429 billion yuan, up 3.37% year-on-year [1] - The company plans to distribute a cash dividend of 3 yuan per 10 shares [1] Group 4: Huilv Ecology - Huilv Ecology's subsidiary plans to increase its investment in a light module production base from 200 million yuan to 800 million yuan [3] - The project will be constructed in phases in the Ezhou Airport Economic Zone, focusing on production facilities and high-end optical communication equipment [3] - Established in January 1990, Huilv Ecology provides a full range of services in landscape engineering and design [3] Group 5: Shandong Highway - Shandong Highway plans to participate in a capital increase project for Weihai Bank, with a total fundraising of up to 3 billion yuan [5] - The company intends to subscribe to no more than 106 million shares at a price of 3.29 yuan per share [5] - Founded in November 1999, Shandong Highway focuses on investment and operation of transportation infrastructure [5] Group 6: Aoshikang - Aoshikang plans to issue convertible bonds not exceeding 1 billion yuan for high-end printed circuit board projects [6] - The bonds will have a maturity of six years [6] - Established in May 2008, Aoshikang specializes in the research, production, and sales of high-density printed circuit boards [6] Group 7: Darui Electronics - Darui Electronics intends to acquire 80% of Weisi Technology for a total of 1.34 billion yuan [7] - The acquisition includes a capital increase of 30 million yuan for Weisi Technology [7] - Founded in September 2003, Darui Electronics focuses on the development and production of consumer electronic components [7] Group 8: Wanhu Chemical - Wanhu Chemical's shareholder plans to reduce their stake by up to 0.54%, equating to a maximum of 17 million shares [8] - The reduction is due to the shareholder's personal financial needs [8] - Established in December 1998, Wanhu Chemical specializes in polyurethane and fine chemicals [8] Group 9: Changhua Chemical - Changhua Chemical plans to raise up to 230 million yuan through a private placement for a carbon dioxide polyether project [10] - The total investment for the project is 743 million yuan [10] - Founded in October 2010, Changhua Chemical focuses on the research, production, and sales of polyether products [10] Group 10: New Aluminum Era - New Aluminum Era plans to invest at least 500 million yuan in a project to produce 800,000 lightweight high-strength automotive components [11] - The company will also invest in an aluminum alloy recycling project in Chongqing [11] - Established in December 2015, New Aluminum Era specializes in the development and production of aluminum components for electric vehicle battery systems [11] Group 11: Oriental Yuhong - Oriental Yuhong reported a net profit of 564 million yuan for the first half of 2025, a year-on-year decrease of 40.16% [12] - The company achieved an operating income of 13.569 billion yuan, down 10.84% year-on-year [12] - The company plans to distribute a cash dividend of 9.25 yuan per 10 shares [12] Group 12: Yisheng Co., Ltd. - Yisheng Co., Ltd. reported a net profit of 6.1551 million yuan for the first half of 2025, a significant year-on-year decrease of 96.64% [13] - The company achieved an operating income of 1.321 billion yuan, down 3.98% year-on-year [13] - The company plans to distribute a cash dividend of 1.5 yuan per 10 shares [13] Group 13: Guangzhou Port - Guangzhou Port expects to complete a cargo throughput of 50.233 million tons in July, a year-on-year increase of 3.1% [14] - The port anticipates a container throughput of 2.272 million TEUs in July, up 1.2% year-on-year [14] - Established in December 2010, Guangzhou Port provides comprehensive services including cargo handling and logistics [14] Group 14: Tibet Tourism - Tibet Tourism announced it may apply for a trading suspension if significant stock trading anomalies continue [16] - The company's stock has seen a cumulative increase of 135.98% over nine consecutive trading days [16] - Founded in June 1996, Tibet Tourism focuses on tourism services and related businesses [16] Group 15: Jiayao Co., Ltd. - Jiayao Co., Ltd. announced a plan to reduce its stake by up to 4.95%, equating to a maximum of 5.5715 million shares [18] - The reduction is due to the shareholders' management needs [18] - Established in August 1999, Jiayao Co., Ltd. specializes in the research, production, and sales of wet wipes [18] Group 16: Heyuan Gas - Heyuan Gas plans to reduce its stake by up to 2%, equating to a maximum of 2.1124 million shares [19] - The reduction will occur through both centralized bidding and block trading [19] - Founded in November 2003, Heyuan Gas focuses on the research, production, and sales of various gas products [19] Group 17: Dalian Friendship - Dalian Friendship announced that its controlling shareholder reached a settlement agreement regarding a litigation case [4] - The controlling shareholder plans to inform the company upon receiving the court's ruling [4] - Established in July 1992, Dalian Friendship primarily operates in retail, hospitality, and real estate [4] Group 18: Daxin City - Daxin City plans to privatize and delist, with a total repurchase amount of approximately 2.932 billion HKD [20] - The repurchase will involve 4.73 billion shares at a price of 0.62 HKD per share [20] - Founded in October 1993, Daxin City focuses on real estate development and management [20] Group 19: *ST Taihe - *ST Taihe announced that a shareholder's shares have been judicially frozen due to a contractual dispute [21] - The frozen shares account for 10.56% of the total share capital [21] - Established in December 2010, *ST Taihe focuses on water environment ecological construction and maintenance [21] Group 20: Qianli Technology - Qianli Technology's subsidiary plans to transfer technology intellectual property for 345 million yuan [22] - The transaction involves a project technology transfer agreement with Ningbo Geely Automotive Research Institute [22] - Founded in December 1997, Qianli Technology specializes in the research, production, and sales of passenger vehicles and motorcycles [22]

Core Viewpoint - Shenzhen Expressway Group Co., Ltd. announced its unaudited toll revenue for June 2025, emphasizing the importance of accurate data reporting and the potential discrepancies due to estimation methods [2][3]. Group 1: Toll Revenue Announcement - The company reported its toll revenue for June 2025, which is presented as pre-tax income [2]. - The board guarantees the announcement's content is free from false records, misleading statements, or significant omissions [2]. Group 2: Cash Management Announcement - The company established a dedicated settlement account for cash management of idle raised funds at Jiangsu Bank, Shenzhen Technology Branch, with a total of RMB 1 billion allocated for structured deposits [5][6][7]. - The cash management aims to enhance fund utilization efficiency while ensuring the safety of raised funds and not affecting investment plans [8][14]. - The funds for the structured deposits come from previously idle raised funds held in various banks [9][10]. Group 3: Risk Control Measures - The finance department will select suitable cash management products based on safety, term, and yield, while the internal audit department will conduct biannual checks on fund usage [11]. - Independent directors and the audit committee will monitor the management and usage of raised funds, with the option to hire external auditors for verification [11][12]. Group 4: Decision-Making Process - The board approved the use of idle raised funds for cash management on March 21, 2025, with a maximum balance of RMB 3 billion and a rolling usage period of 12 months [15][16].

证券代码：601107 证券简称：四川成渝 公告编号：2025-032 债券代码：241012.SH 债券简称：24 成渝 01 债券代码：102485587 债券简称：24 成渝高速 MTN001 四川成渝高速公路股份有限公司 第八届董事会第三十七次会议决议公告 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。 一、董事会会议召开情况 （一）四川成渝高速公路股份有限公司（以下简称"公司"或"本公司"） 第八届董事会第三十七次会议于 2025 年 7 月 31 日在四川省成都市武侯祠大街 （二）会议通知、会议资料已于 2025 年 7 月 24 日以电子邮件和专人送达方 式发出。 （三）出席会议的董事应到 12 人，实到 12 人。 （四）会议由董事长罗祖义先生主持，公司监事、高级管理人员列席了会议。 （二）审议通过了《关于本公司制定 <四川成渝高速公路股份有限公司重大> 事项运行及授权放权清单（2025 年版）>的议案》 （五）会议的召开符合《公司法》和本公司《公司章程》的有关规定。 二、董事会会议审议情况 会议审议通过了如下 ...

Group 1 - The core point of the announcement is the unaudited toll revenue for Shenzhen Expressway Group in June 2025, which is presented in a detailed table format [1] - The total toll revenue for various expressways in Guangdong Province, including specific figures for each project, is highlighted, with the highest revenue coming from the Guangshen Expressway at 243,309 thousand RMB [1] - The announcement includes a breakdown of daily average toll revenues for each expressway, providing insights into the performance of different segments [1] Group 2 - The company emphasizes that the toll revenue data is unaudited and may differ from periodic report disclosures due to the nature of revenue recognition and estimation processes [2] - Investors are cautioned that the disclosed toll revenue figures are preliminary and should be used with caution, as they may be subject to adjustments based on actual settlements [2]