Group 1 - The company Zhejiang Jiaokao announced that its subsidiary, Zhejiang Jiaogong Group Co., Ltd., along with Zhejiang Jiaogong Underground Engineering Co., Ltd., has formed a consortium to participate in the bidding for the new urbanization construction project in the Yangzhou area along the Fuchun River, and the consortium has been announced as the first candidate for the bid [1] - As of January to June 2025, the revenue composition of Zhejiang Jiaokao is as follows: 89.44% from the infrastructure engineering sector, 9.43% from road maintenance, and 1.13% from other businesses [1] - The current market capitalization of Zhejiang Jiaokao is 11.5 billion yuan [1]

吴韵匠心绣苏路 数智养护绘新图 "十四五"苏州公路养护擘画现代化答卷 "路面巡查靠AI'找茬'，桥梁健康有24小时'监护'，废旧沥青还能'变废为宝'……""十四五"期间，苏州锚定"率先实现公路养护现代化"目标，以"苏式养 护"品牌为引领，从智慧化、应急保障、集约化、绿色低碳四大维度深耕创新，让普通公路既成为畅通出行的"动脉"，更成为彰显城市匠心的"流动名 片"。 01 智慧赋能 给公路装上"科技内核" 在感知端 在管理端 国省干线日常养护系统实现"三智能"：视频采集自动抓病害、数据处理自动分类别、计量统计自动出报告；2024年试点的养护工程项目管理系统，整合工 程量统计、进度跟踪、档案管理等功能，让项目管理从"纸质化"迈入"数字化"。 在决策端 构建起"一库一体系两模型"的科学决策架构。整合苏州750公里国省道从建设期到运营期的各项数据，将纸质资料转化为可分析的数字资产。在国家规范 基础上优化指标，新增横向裂缝指数、修补状况指数等精细化标准，实现"车道级"病害诊断。以39项关键参数为输入，通过五级决策体系确定最优养护方 案，彻底破解了"何时养、养哪里、怎么养"的难题。 02 集约高效 打破壁垒的"一体化"实践 ...

Core Viewpoint - The "7th Conference on New Materials and Equipment Application Technology for Highway Maintenance" aims to promote the development and application of new materials, equipment, and technologies in highway maintenance, gathering experts from various sectors to explore innovative paths for high-quality development in this field [1][3]. Group 1: Conference Overview - The conference is co-hosted by the China Highway Society's Maintenance and Management Branch and Yingda Technology Group, focusing on the research and application of new materials and technologies in highway maintenance [1]. - Experts from national transportation departments, highway systems, research institutions, universities, and leading industry enterprises participated to discuss the future direction of highway maintenance [1][3]. Group 2: Industry Insights - Li Yanwu, former director of the Highway Bureau of the Ministry of Transport, emphasized the strategic importance of maintenance management as China’s highway network enters a stock era, highlighting the need for innovative maintenance technologies and high-quality materials [3]. - The conference aims to facilitate deep integration of industry, academia, and research, accelerating the transformation of technological achievements into productive forces, and promoting the high-end, intelligent, and green development of the highway maintenance materials and equipment industry [3]. Group 3: Regional Focus - Ding Feng, a senior inspector from the Jiangsu Provincial Department of Transportation, noted the province's significant highway maintenance challenges due to its extensive road network and high density, advocating for innovative and green maintenance technologies [3]. - Jiangsu aims to learn from national experiences to enhance the application of new materials and technologies in highway maintenance, ultimately improving public road travel services [3]. Group 4: Company Contributions - Shi Weibin, chairman of Yingda Technology Group, shared the company's commitment to low-carbon and green road recycling technologies, particularly its "in-situ thermal regeneration technology," which allows for 100% recycling of original pavement materials [5]. - Yingda Technology is embracing digitalization and intelligence to enhance maintenance productivity and solidify its position as a "highway doctor" in the industry [5]. Group 5: Research and Innovation - The conference featured a keynote report by Academician Zheng Jianlong on the development and prospects of new materials in road engineering, along with presentations from various experts sharing their research findings [5]. - Numerous innovative maintenance materials and equipment were showcased, demonstrating the vibrant technological innovation within the highway maintenance industry [5][6]. Group 6: Thematic Forums - The conference included three parallel thematic forums focusing on innovative maintenance technologies for special regions, the intelligent development of maintenance equipment, and the high-quality development of new materials and technologies [6].

Group 1 - Zhejiang Jiaokao (SZ 002061) announced on October 9 that Zhejiang Transportation Group has cumulatively increased its shareholding by approximately 52.35 million shares, accounting for 1.96% of the total share capital of about 2.671 billion shares, with an investment amount of approximately RMB 209 million, completing the planned share increase [1] - As of the first half of 2025, the revenue composition of Zhejiang Jiaokao is as follows: 89.44% from the infrastructure engineering sector, 9.43% from road maintenance, and 1.13% from other businesses [1] - The current market capitalization of Zhejiang Jiaokao is RMB 11.2 billion [1]

Core Viewpoint - During the National Day and Mid-Autumn Festival holiday, all toll roads in Beijing will waive toll fees for passenger vehicles with 7 seats or fewer from October 1 to October 8, with expectations of record-breaking traffic during this period [1][2] Group 1: Traffic Management and Support - The company has initiated comprehensive traffic management measures to ensure smooth travel during the holiday, focusing on major routes leading to tourist attractions [1] - Key roads such as the ring roads and major highways have been identified for regular support, with traffic flow peaks to be monitored and maintenance strategies optimized accordingly [1] - An all-encompassing emergency response system has been established to address potential unexpected situations during the holiday [2] Group 2: Maintenance and Safety Measures - The company emphasizes a "prevention first" approach, conducting thorough inspections and rectifications of road hazards before the holiday to ensure all issues are resolved [1] - Enhanced cleaning operations are implemented using integrated cleaning techniques to maintain cleanliness on key routes, aiming for a "three-no" standard: no road debris, no visible litter, and no cleaning dead corners [1] - Emergency repair teams and equipment have been pre-deployed to respond quickly to road damage and other issues, ensuring minimal disruption to traffic flow [2]

Group 1 - Zhejiang Jiaokao held its 16th meeting of the 9th Board of Directors on September 19, 2025, via telecommunication voting [1] - The meeting reviewed the proposal regarding the granting of reserved restricted stocks to incentive objects [1] - As of the report date, Zhejiang Jiaokao's market capitalization is 11.1 billion yuan [1] Group 2 - For the first half of 2025, Zhejiang Jiaokao's revenue composition is as follows: 89.44% from the infrastructure engineering sector, 9.43% from road maintenance, and 1.13% from other businesses [1]

Financial Performance - In the first half of 2025, the company's construction business gross margin was 9.15%, an increase of 1.04% year-on-year [1] - The company's operating cash flow remained stable compared to the same period last year, with a net cash outflow due to high project funding needs [1] - As of June 30, 2025, accounts receivable amounted to 8.111 billion CNY, showing a decrease compared to the end of the previous year [1] Order and Project Status - From January to June 2025, the company secured 567 new orders with a total value of 32.157 billion CNY, a decline compared to the same period in 2024 due to project delays [2] - The company has successfully bid for significant projects, including sections of the G2531 Hangzhou to Shangrao Expressway [2] Business Development - The company's maintenance business has shown growth in revenue and new orders, focusing on county-level maintenance and expanding into local markets [2] - The company is enhancing its investment projects, including PPP projects, while maintaining strict risk control [2] Equipment and Materials - The company’s new equipment sector is led by Zhejiang Jiaogong Equipment Engineering Co., focusing on high-end manufacturing and intelligent solutions [3] - The new materials business covers a range of products, with ongoing research and development aimed at industrialization [3] Future Strategies - The company plans to expand through mergers and acquisitions, focusing on upstream and downstream industries to enhance its core competitiveness [4] - A three-year cash dividend plan has been established, with a proposed cash dividend of 1.25 CNY per 10 shares for 2024, totaling 334 million CNY, which is 25.48% of the net profit [5] - The company is actively planning its "14th Five-Year" development strategy, targeting five major business sectors to enhance overall development capabilities [6]

Financial Performance - In the first half of 2025, the company achieved operating revenue of 18.647 billion yuan, a year-on-year increase of 1.12% [1] - The construction business generated revenue of 16.678 billion yuan, a decrease of 3.21% year-on-year, while the highway maintenance business saw revenue of 1.758 billion yuan, an increase of 87.82% [1] - The net profit attributable to shareholders was 545 million yuan, up 6.43% year-on-year, with a non-recurring net profit of 529 million yuan, increasing by 6.19% [1] Profitability Metrics - The gross margin for the construction business was 9.15%, an increase of 1.04% year-on-year [1] - The gross margin for highway maintenance decreased due to rising costs despite stable pricing [1] Accounts Receivable - As of June 30, 2025, accounts receivable stood at 8.111 billion yuan, showing a decrease compared to the previous year [2] - The company is actively managing accounts receivable to accelerate cash flow and reduce capital occupation costs [2] Order Intake - In the first half of 2025, the company secured 567 new orders with a total value of 32.157 billion yuan, a decline compared to the same period in 2024 [2] - Recent major projects include the G2531 Hangzhou to Shangrao Expressway and other significant segments, indicating a positive order acquisition trend [2] Maintenance Business Development - The maintenance business includes traditional construction and maintenance, design consulting, and supply chain services, showing good growth in revenue and new orders [2] - Future plans involve expanding maintenance services across various regions and promoting green maintenance practices [2] Investment Projects - The company is engaged in various investment projects, including PPP and equity cooperation, with a focus on risk control [2] - Ongoing major PPP projects include the Hangjinqu Expressway and the Ningbo-Zhoushan Expressway [2] New Equipment and Materials - The company is developing new equipment and materials, with a focus on high-end manufacturing and smart solutions [3][4] - Recent revenue from Zhejiang Yitong Special Foundation Engineering Co., Ltd. was 188 million yuan, with a net profit of 13 million yuan [3] Dividend Policy - The company plans to distribute cash dividends of 1.25 yuan per 10 shares for the 2024 fiscal year, totaling 334 million yuan, which is 25.48% of the net profit [4] - Future dividend policies will consider shareholder feedback and company performance to enhance predictability and stability [4] Future Development Plans - The company is formulating its "14th Five-Year" development plan, focusing on five major business sectors to enhance overall development capabilities [4]

Core Viewpoint - Suzhou's road maintenance has successfully integrated big data and artificial intelligence, leading to significant recognition in the digital transportation sector with the selection of its innovative case for the "2025 Digital Transportation Typical Case" [1][10]. Group 1: Technical Innovation - The case addresses long-standing challenges in road maintenance, such as extensive mileage, wide distribution, and difficult decision-making, by establishing a scientific decision-making framework called "one database, one system, two models" [4]. - A comprehensive dynamic and static database serves as the data foundation, integrating data from 750 kilometers of national and provincial roads in Suzhou, transforming paper records into analyzable digital assets [4]. - A refined evaluation system acts as a "stethoscope" for assessing road health, optimizing indicators based on national standards and adding detailed metrics for precise diagnostics [4]. - An AI prediction and decision model functions as the "intelligent brain" for maintenance planning, utilizing 39 key parameters to accurately forecast core indicators and determine optimal maintenance strategies [4]. Group 2: Significant Outcomes - The technology has transformed road maintenance from experience-based judgments to precise strategies, achieving "three precisions" and "one sustainability" [6]. - Precise timing allows for preventive maintenance before significant damage occurs, reducing high repair costs associated with major damages [6]. - Precise location targeting ensures maintenance is accurately applied to specific lanes, preventing the spread of damage and avoiding resource waste from over-maintenance [6]. - Tailored solutions prevent misdiagnosis of road issues, avoiding excessive repairs for minor problems and breaking the cycle of "repair and re-damage" [7]. - A continuous evaluation mechanism tracks maintenance effectiveness, calculating metrics like road "survival rate" and "full lifecycle cost" to optimize future plans [8]. Group 3: Future Directions - The Suzhou Road Center aims to further deepen the application of big data and AI in road maintenance, continuously improving the scientific decision-making system for road safety and efficiency [10].

Core Viewpoint - The article highlights the proactive measures taken by the first maintenance company responsible for the upkeep of 24 highways in Beijing in response to severe rainfall, emphasizing their readiness and systematic approach to ensure road safety during adverse weather conditions [1] Group 1: Emergency Response - On August 26, Beijing upgraded its flood emergency response due to ongoing heavy rainfall [1] - The first maintenance company initiated a level one standby response at 16:46 on the same day, mobilizing over 1,000 maintenance workers and six support teams [1] Group 2: Safety Measures - The company conducted a comprehensive inspection of the entire highway network, focusing on the drainage system's functionality, slope stability, and the safety of auxiliary structures such as bridge supports and guardrails [1] - Specific attention was given to drainage facilities, including rainwater grates, wells, and bridge drainage pipes, ensuring they were cleared of debris to maintain open drainage channels [1] Group 3: Future Preparedness - The maintenance units will continue to monitor weather changes and adjust flood prevention measures dynamically in preparation for the ongoing heavy rainfall [1]