Company News - China CRRC (01766.HK) signed significant contracts totaling approximately 54.34 billion RMB in the last three months, accounting for about 22% of the company's projected revenue for 2024 under Chinese accounting standards [2] - China Railway Construction (01186.HK) recently secured 14 major projects, each exceeding 1.5 billion RMB, with a total project value of 63.037 billion RMB, representing 5.91% of the company's audited revenue for 2024 [2] - Shenzhen Expressway (00548.HK) reported toll revenues for August from various projects, totaling approximately 134.46 million RMB, 624.58 million RMB, 516.79 million RMB, 714.85 million RMB, and 114 million RMB [2] - Bay Area Development (00737.HK) reported toll revenues for August from several highways, with total revenues of approximately 256 million RMB, 105 million RMB, and 714.85 million RMB, showing a year-on-year decrease of 0.5%, 12%, and an increase of 1% respectively [2] - Hema Medical (03309.HK) entered into a global licensing and collaboration agreement with Gilead and Hanmi regarding encequidar, with an initial payment of 10 million USD and potential future payments up to 72.5 million USD [3] Financial Performance - Times Group Holdings (01023.HK) reported annual revenue of 1.584 billion HKD for the year ending June 30, 2025, a decrease of 1.38%, with a shareholder loss of 178 million HKD, marking a shift from profit to loss [4] - China National Automobile (00026.HK) reported annual revenue of 53.063 million HKD for the year ending June 30, 2025, a decrease of 23.71%, with a narrowed shareholder loss of 185 million HKD, down 29.64% [4] Financing and Share Buybacks - Tencent Holdings (00700.HK) repurchased 837,000 shares at a total cost of 551 million HKD, with prices ranging from 648 to 664 HKD per share [5] - Xiaomi Group-W (01810.HK) repurchased 507,400 shares for a total of 26.996 million HKD, with prices between 53.15 and 53.25 HKD [5] - Hang Seng Bank (00011.HK) repurchased 200,000 shares at a cost of 23.6501 million HKD, with prices ranging from 117.4 to 118.9 HKD [6] - Guofu Hydrogen Energy (02582.HK) completed a placement of 1.9948 million shares at a price of 50.13 HKD per share, raising approximately 98.49 million HKD [7] - Youbao Online (02429.HK) successfully placed 157.5 million shares at a price of 2.45 HKD per share to at least six subscribers [8]

Group 1 - Yinglian Co., Ltd. expects a net profit increase of 1531.13% to 1672.97% year-on-year for the first three quarters of 2025, with projected revenue of 1.63 billion to 1.65 billion yuan, a growth of 9.49% to 10.83% [1] - Meixin Sheng plans to reduce its shareholding by no more than 1% through centralized bidding and block trading [1] - Huayin Technology signed two sales contracts totaling 402 million yuan, with one contract for special functional materials and another for research project materials [3] Group 2 - Shen Highways reported a total toll revenue of 114 million yuan for August [5] - Dash Smart signed a contract worth 113 million yuan for a smart hospital project [7] - Tianbang Food received an administrative regulatory measure decision from the China Securities Regulatory Commission for failing to disclose information in a timely manner [8] Group 3 - Fashilong plans to invest 250 million yuan to establish a wholly-owned subsidiary focused on AI applications and cloud computing [10] - Junpu Intelligent received a government subsidy of 20 million yuan, accounting for 243.97% of its audited net profit for 2024 [11] - Longyun Co. plans to apply for a bank credit limit of 32 million yuan [12] Group 4 - Yifan Pharmaceutical's subsidiary received acceptance for a drug registration application for a medication used to lower phenylalanine levels in patients [12] - Rundu Co. received a drug registration certificate for a hypertension medication [13] - Huahai Qingke elected a new employee director and appointed a new vice president [17] Group 5 - Wanyi Technology received a government subsidy of 173,000 yuan [19] - Haizheng Pharmaceutical's tacrolimus capsules passed the consistency evaluation for generic drugs [20] - Pulaike's new veterinary vaccine received registration certification [22] Group 6 - Boguang New Materials signed a major sales contract estimated at 4.3 billion to 5 billion yuan for nickel powder products [41] - Electric Soul Network announced plans for shareholders to reduce their holdings by up to 1.63% [42] - Jin Haitong's shareholders plan to reduce their holdings by up to 3% [44]

Core Insights - Bay Area Development (00737) announced toll revenue figures for August 2025, showing mixed performance across different highways [1] Toll Revenue Summary - The toll revenue for Guangshen Expressway (600548) in August 2025 was approximately 256 million, representing a year-on-year decrease of 0.5% [1] - The toll revenue for Guangzhu West Line Expressway was approximately 105 million, reflecting a year-on-year decrease of 12% [1] - The toll revenue for the Jiangjiang Expressway (Shenzhen section) was approximately 71.485 million, indicating a year-on-year increase of 1% [1] Traffic Impact Analysis - The changes in surrounding road networks in August 2025 had varying impacts on traffic volume, leading to different year-on-year revenue fluctuations for the three expressways [1]

Core Viewpoint - Shenzhen Expressway Company Limited (00548) received a notification from its major shareholder, China Merchants Highway Network Technology Holdings Co., Ltd. ("China Merchants Highway (001965)"), regarding the increase in shareholding in Shenzhen Expressway [1] Group 1: Shareholding Increase - China Merchants Highway increased its stake in Shenzhen Expressway by acquiring 25.374 million H-shares from April 16, 2025, to September 26, 2025, through centralized bidding [1] - As of September 26, 2025, China Merchants Highway directly holds 91,092,743 A-shares and 82,758,000 H-shares, totaling 6.85% of the company's total share capital [1] - Through its wholly-owned subsidiary, Cornerstone Holdings Limited, China Merchants Highway holds an additional 54,556,000 H-shares, representing 2.15% of the total share capital [1] - The combined shareholding of China Merchants Highway and Cornerstone Holdings amounts to 228,406,743 shares, which is 9.00% of the total share capital [1]

于2025年8月，广深高速公路、广珠西綫高速公路及沿江高速公路(深圳段)周边路网变化对车流量产生 不同影响，因此三条高速公路的路费收入按年变动幅度高低不一。 智通财经APP讯，湾区发展(00737)发布公告，于2025年8月，广深高速公路、广珠西线高速公路及沿江 高速公路(深圳段)月总路费收入分别约为2.56亿元、1.05亿元及7148.5万元，同比分别减少0.5%、减少 12%及增长1%。 ...

Core Viewpoint - Shenzhen Expressway Company Limited (00548) announced toll revenue projections for various projects in August 2025, indicating a positive outlook for revenue generation from these infrastructure assets [1] Revenue Summary - The projected toll revenue for the Meiguan Expressway is RMB 13.446 million [1] - The projected toll revenue for the Eastern Section of the Jihua Expressway is RMB 62.458 million [1] - The projected toll revenue for the Western Section of the Jihua Expressway is RMB 51.679 million [1] - The projected toll revenue for the Yangjiang Project is RMB 71.485 million [1] - The projected toll revenue for the Outer Ring Project is RMB 114 million [1]

截至 2025 年 9 月 26 日，招商公路直接持有公司 A 股 91,092,743 股，H 股 82,758,000 股，合计占公司 总股本的 6.85%;招商公路通过其全资子公司佳选控股有限公司(CORNERSTONE HOLDINGS LIMITED，"佳选控股")持有公司 H 股 54,556,000 股，占公司总股本的 2.15%;招商公路及佳选控股合计 持有公司股份 228,406,743 股，占公司总股本的 9.00%。 智通财经APP讯，深圳高速公路股份(00548)公布，公司于 2025 年 9 月 28 日收到公司持股 5%以上股东 招商局公路网络科技控股股份有限公司("招商公路")发来的《关于对深高速股票增持情况的告知函》， 告知招商公路于 2025 年 4 月 16 日至 2025 年 9 月 26 日期间通过集中竞价方式增持公司 H 股股票2537.4 万股。 ...

Core Viewpoint - Shenzhen Expressway Company Limited (00548) reported toll revenue for various projects in August 2025, indicating a diversified income stream from multiple highway segments [1] Revenue Summary - Meiguan Expressway generated toll revenue of RMB 13.446 million [1] - Jihe East Section recorded toll revenue of RMB 62.458 million [1] - Jihe West Section achieved toll revenue of RMB 51.679 million [1] - Yangjiang Project reported toll revenue of RMB 71.485 million [1] - Outer Ring Project generated toll revenue of RMB 114 million [1]

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。 簡要說明： 上表中路費收入為不含稅收入。 謹慎性陳述 董事會謹此提醒投資者，上述數據未經審計。由於完成路費收入的數據拆分、確 認需要履行一定的程序，以及在聯網收費的環境下部分路段的路費收入在月度結 算和披露時須以預估方式記錄，因此該等數據與定期報告披露的數據可能存在差 異。此外，本公司在披露當月預估數據時還會就上月預估數和上月實際結算數的 差異進行調整，導致個別數據可能會出現一定程度的異常。因此，本公告之路費 收入僅作爲階段性數據供投資者參考，投資者請審慎使用該等數據。 （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8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8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） | | | --- | --- | --- ...

深圳投控灣區發展有限公司（「本公司」，連同其附屬公司，統稱「本集團」）董事 會（「董事會」）謹此公佈本集團 2025 年 8 月未經審核之營運資料如下： | | 2024 年 8 月 | 2025 年 8 月 | 變動 % | | --- | --- | --- | --- | | 於營運層面 | | | | | 廣深高速公路 | | | | | 月總路費收入（人民幣千元） | 257,327 | 256,114 | -0.5% | | 日均路費收入（人民幣千元） | 8,301 | 8,262 | -0.5% | | 廣珠西綫高速公路 | | | | | 月總路費收入（人民幣千元） | 120,374 | 105,340 | -12% | | 日均路費收入（人民幣千元） | 3,883 | 3,398 | -12% | | 沿江高速公路（深圳段） | | | | | 月總路費收入（人民幣千元） | 70,456 | 71,485 | 1% | | 日均路費收入（人民幣千元） | 2,273 | 2,306 | 1% | 註： 路費收入不包括稅項 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 ...