Performance Updates - 开拓药业-B (09939.HK) has completed patient enrollment for the Phase III clinical trial of KX-826 solution for androgenetic alopecia in adult males in China [2] - 李氏大药厂 (00950.HK) has received approval from the National Medical Products Administration for Socazolimab to be used in combination with chemotherapy for first-line treatment of extensive-stage small cell lung cancer in mainland China [2] - 恒瑞医药 (01276.HK) has received approval for clinical trials of SHR-8068 injection, Adebali monoclonal antibody injection, and Bevacizumab injection [2] - 恒瑞医药 (01276.HK) has also received approval to conduct clinical trials for HRS-5041, intended for prostate cancer treatment [2] - 深圳高速公路股份 (00548.HK) reported toll revenue of 106 million yuan for the outer ring project in June [2] - 大成生化科技 (00809.HK) has signed an EPC contract with Northeast Electric and Liaoning Electric for boiler renovation projects, with a maximum cost of 129.1 million yuan [2] - 小黄鸭德盈 (02250.HK) has signed a contract to develop an AI marketing system to diversify revenue sources [2] Buyback and Financing Activities - 威海银行 (09677.HK) plans to issue up to approximately 758 million domestic shares and 154 million H-shares, raising nearly 3 billion yuan [2] Financial Results - 香港电讯-SS (06823.HK) reported total revenue of 17.322 billion HKD for the first half, a year-on-year increase of 4%, with a net profit of 2.07 billion HKD, also up 4% [4] - 青岛银行 (03866.HK) reported operating revenue of 7.662 billion yuan for the first half, a growth of 7.5%, and a net profit of 3.065 billion yuan, up 16.05% [4] - 中国石油化工股份 (00386.HK) expects mid-term net profit to be between 20.1 billion and 21.6 billion yuan, a year-on-year decline of 39.5%-43.7% [4] - 汽车之家-S (02518.HK) reported total revenue of 3.212 billion yuan for the first half, a decrease of 7.75%, with a net profit of 772 million yuan, down 15.99% [4] - 绿茶集团 (06831.HK) issued a profit warning, expecting mid-term net profit to be between 230 million and 237 million yuan, a year-on-year increase of approximately 32%-36% [4] - 粤海置地 (00124.HK) issued a profit warning, expecting mid-term net profit to exceed 260 million HKD, turning from loss to profit [4] - 药师帮 (09885.HK) issued a profit warning, expecting mid-term net profit to exceed 70 million yuan [4] - 中国东方教育 (00667.HK) issued a profit warning, expecting mid-term net profit to grow by 45%-50% year-on-year [4] - 中核国际 (02302.HK) issued a profit warning, expecting mid-term revenue to increase to at least 585 million HKD, with net profit of at least 9.5 million HKD [4] - 大唐环境 (01272.HK) issued a profit warning, expecting mid-term net profit to decrease to between 350 million and 400 million yuan [4] - 长江生命科技 (00775.HK) issued a profit warning, expecting mid-term net loss of approximately 150 million HKD, turning from profit to loss year-on-year [4] - 延长石油国际 (00346.HK) issued a profit warning, expecting mid-term loss of approximately 27.9 million HKD [4]

人民财讯7月31日电，山东高速(600350)7月31日晚间公告，公司参股公司威海银行拟向特定对象发行内 资股和非公开发行H股，发行股票募资资金总额不超过30亿元，用于补充威海银行核心一级资本，公司 拟参与本次威海银行增资项目。具体为，公司以3.29元/股股价认购威海银行不超过1.06亿股内资股，认 购总额不超过3.48亿元。投资完成后，公司持有威海银行股权比例保持在11.6%不变。 转自：证券时报 ...

Core Viewpoint - Shenzhen Expressway Company Limited (00548) reported toll revenue for various projects in June 2025, indicating a diversified income stream from multiple highway segments [1] Revenue Summary - Meiguan Expressway generated toll revenue of RMB 13.088 million [1] - Jihe East Section recorded toll revenue of RMB 60.258 million [1] - Jihe West Section achieved toll revenue of RMB 49.624 million [1] - Yangjiang Project contributed toll revenue of RMB 66.302 million [1] - Outer Ring Project reported toll revenue of RMB 106 million [1]

Group 1 - The company Shenzhen Expressway Company Limited (00548) announced its toll revenue for various projects in June 2025 [1] - The toll revenue for Meiguan Expressway is projected to be RMB 13.088 million [1] - The toll revenue for Jihuo East Section is projected to be RMB 60.258 million [1] - The toll revenue for Jihuo West Section is projected to be RMB 49.624 million [1] - The toll revenue for Yangjiang Project is projected to be RMB 66.302 million [1] - The toll revenue for Outer Ring Project is projected to be RMB 106 million [1]

Group 1 - Shenzhen Expressway Company Limited (00548) announced that it subscribed to a structured deposit product with a principal amount of RMB 500 million on July 30, 2025 (Phase 1) [1] - The company further subscribed to another structured deposit product with a principal amount of RMB 500 million on July 31, 2025 (Phase 2) [1]

齐鲁高速(01576)发布公告，王振江先生(王先生)因工作调动原因辞任本公司董事长、执行董事、董事会 提名委员会(提名委员会)主席、董事会战略委员会(战略委员会)主席、法定代表人及就香港联合交易所 有限公司证券上市规则(上市规则)第3.05条而言的授权代表(授权代表)的职务，有关辞任自2025年7月31 日起生效。 根据提名委员会的提名及董事会的审议，董事会建议委任魏勇先生(魏先生)为执行董事。任期自本公司 股东会会议审议通过之日生效，直至本届董事会任期届满之日为止。 董事会宣布，王令方先生已获委任为提名委员会主席，任期自2025年7月31日起直至本届董事会任期届 满之日为止。 董事会宣布，执行董事段鹏先生已获委任为授权代表，自2025年7月31日起生效。 ...

香港交易及結算所有限公司及香港聯合交易所有限公司對本公告的內容概不負責，對其準確 性或完整性亦不發表任何聲明，並明確表示，概不對因本公告全部或任何部份內容而產生或 因倚賴該等內容而引致的任何損失承擔任何責任。 （於中華人民共和國註冊成立的股份有限公司） （股份代號：00548） 2025年6月未經審計路費收入 深圳高速公路集團股份有限公司（「本公司」）董事會（「董事會」）謹此公佈 本集團2025年6月的路費收入（未經審計）如下： | 收費公路 | 集團控股 | 收入合併 | 路費收入（人民幣千元） | | | --- | --- | --- | --- | --- | | | 比例 | 比例 | 總計 | 日均 | | 廣東省－深圳地區： | | | | | | 梅觀高速 | 100% | 100% | 13,088 | 436 | | 機荷東段 | 100% | 100% | 60,258 | 2,009 | | 機荷西段 | 100% | 100% | 49,624 | 1,654 | | 沿江項目 | 100% | 100% | 66,302 | 2,210 | | 外環項目 | 100% | 100% ...

董事会宣布，王令方先生已获委任为提名委员会主席，任期自2025年7月31日起直至本届董事会任期届 满之日为止。 董事会宣布，执行董事段鹏先生已获委任为授权代表，自2025年7月31日起生效。 智通财经APP讯，齐鲁高速(01576)发布公告，王振江先生(王先生)因工作调动原因辞任本公司董事长、 执行董事、董事会提名委员会(提名委员会)主席、董事会战略委员会(战略委员会)主席、法定代表人及 就香港联合交易所有限公司证券上市规则(上市规则)第3.05条而言的授权代表(授权代表)的职务，有关 辞任自2025年7月31日起生效。 根据提名委员会的提名及董事会的审议，董事会建议委任魏勇先生(魏先生)为执行董事。任期自本公司 股东会会议审议通过之日生效，直至本届董事会任期届满之日为止。 ...

1. Report Industry Investment Rating No relevant content provided. 2. Core Viewpoints of the Report - Overall, the operating performance of REITs in the second quarter basically continued the expected trend. The REIT market experienced an overall correction after the release of the second - quarter reports, similar to the situation after the first - quarter reports. The correction occurred during the period of investors' risk preference conversion and the rotation of major asset market trends, with a relatively small weight on fundamental pricing. In the short term, the overall REIT market may still be dominated by its bond - like nature, and long - term investment value exists for some projects and investors [3][6][11]. 3. Summary According to the Table of Contents 3.1 Second - Quarter REIT Performance: The General Trend Remains Unchanged, with Minor Differences - Most projects in the affordable housing, consumption, and municipal environmental protection sectors maintained stable operations. The overall occupancy rate of the warehousing sector increased marginally, but rents were still under pressure. The industrial park basically continued its previous operating trend, and there were internal differentiations in the highway and energy sectors [11]. 3.2 Affordable Housing: Steady Growth - The overall operation of the affordable housing sector remained stable. For rental - allocation projects, the occupancy rate and rent basically increased steadily. Some projects had different performance due to factors such as expansion and tax policies. Market - oriented rental projects also had stable operating indicators [12]. 3.3 Highway: Seasonal Decline and Differentiated Impact of Road Networks - In the second quarter, there were differentiations in revenue and operation among highway projects. Seasonal changes and road network changes were important influencing factors. Some projects were affected by new competing projects or road reconstruction, while others benefited from road network improvements [19][21]. 3.4 Energy: Differentiation under the Intersection of Multiple Factors - The revenue and operating indicators of the clean energy sector had a relatively high volatility. Some projects benefited from the rapid growth of power - on - grid volume, while others were affected by factors such as low light resources, competition, and power grid maintenance. However, some projects improved their distributable amounts through measures like factoring national subsidy accounts receivable [26]. 3.5 Municipal Environmental Protection: Overall Stable - The overall operation of municipal projects remained basically stable. Some projects were affected by factors such as non - heating seasons, changes in waste generation, and tax policies [31]. 3.6 Industrial Park: Continued Pressure - The industrial park basically continued its previous operating trend. Industrial plant projects had relatively stable occupancy rates and rents, while most R & D office projects faced situations of "trading price for volume" and "decline in both volume and price" [11]. 3.7 Warehouse: Marginal Stabilization - The overall occupancy rate of the warehouse sector increased marginally, but rents were still under pressure [11]. 3.8 Consumption: Seasonal Decline but Overall Strong - Some consumption projects reported a marginal decline in rent, which might be related to the seasonal decline in mall turnover and the reduction in rent commissions [11].

2025年7月31日，上海清算所网站披露公告，为保证 山东高速 股份有限公司2025年度第一期超短期融资 券（债券简称：25鲁高速股SCP001，债券代码：012580493.IB）兑付工作的顺利进行现将有关事宜公 告。本期债券发行总额5亿，起息日为2025-02-26，发行期限177日债券余额5亿，最新评级情况为 AAA，本计息期债项利率2.01%，本息兑付日为2025-08-22(如遇节假日顺延至下一工作日)，本期应偿 付本息金额5.0487356164亿元。托管在银行间市场清算所股份有限公司的债券，其兑付资金由发行人在 规定时间之前划付至指定收款账户后由该清算所在兑付日划付至债券持有人指定银行账户。 ...