（记者 张明双） 截至发稿，四川路桥市值为801亿元。 每经头条（nbdtoutiao）——大鹏工业战略配售"肥"了自家人！认购价9元，上市首日涨到118元，实控 人和亲哥哥凭配售一天浮盈2492万元 每经AI快讯，四川路桥（SH 600039，收盘价：9.21元）11月24日晚间发布公告称，公司第八届第六十 四次董事会会议于2025年11月24日在公司以现场结合通讯方式召开。会议审议了《关于召开公司2025年 第六次临时股东会的议案》等文件。 2024年1至12月份，四川路桥的营业收入构成为：物流贸易占比6.25%，矿业及新材料占比3.12%，高速 公路投资运营占比2.69%，其他业务占比0.6%，清洁能源占比0.57%。 ...

据交易所数据显示，北新路桥连续两个交易日涨停，晋级2连板。该股今日于14时14分封涨停，成交额 12.23亿元，换手率17.59%。金融界App AI线索挖掘：公司作为新疆基建龙头，订单储备充足，叠加西 部开发及国企改革题材，或推动股价连续走强。连板股波动剧烈，注意追高风险，理性投资！ 来源:金融界AI电报 ...

格隆汇11月21日丨山东路桥(000498.SZ)公布，为响应招标人山东高速基础设施建设有限公司（简称"山 高基建公司"或"招标人"）《潍坊至邹城高速公路沂源至邹城段工程施工招标文件》要求，山东高速路 桥集团股份有限公司子公司山东省路桥集团有限公司及公司其他控股子公司（简称"公司各参与子公 司"或"公司相关子公司"）拟采取施工与投资相结合的投标方案参与潍坊至邹城高速公路沂源至邹城段 工程施工一至三标段投标。根据招标人发布的招标计划，本项目一至三标段合同预估金额1,020,000.00 万元。根据本项目招标文件，公司各参与子公司对应承诺投资额最高不超过145,714.29万元，最终承担 的施工工程量按中标额确定，最终承担的出资额按不低于中标价的1/7比例【或联合体中标价的1/7× （本单位在《联合体协议书》约定的内部分工所占总工程量比例）】确定。 ...

每日经济新闻 每经AI快讯，11月21日，山东路桥(000498.SZ)公告称，公司子公司山东省路桥集团有限公司及公司其 他控股子公司拟参与潍坊至邹城高速公路沂源至邹城段工程施工一至三标段的投标。本项目一至三标段 合同预估金额为102亿元，公司各参与子公司对应承诺投资额最高不超过14.57亿元。最终承担的施工工 程量和出资额将根据中标情况确定。该事项已通过公司第十届董事会第二十一次会议审议，尚需提交股 东会审议。 ...

山东路桥（000498）(000498.SZ)公告，公司子公司山东省路桥集团有限公司及公司其他控股子公司拟 采取施工与投资相结合的投标方案参与潍坊至邹城高速公路沂源至邹城段工程施工一至三标段投标。根 据招标人发布的招标计划，本项目一至三标段合同预估金额102亿元。根据本项目招标文件，公司各参 与子公司对应承诺投资额最高不超过14.57亿元，最终承担的施工工程量按中标额确定，最终承担的出 资额按不低于中标价的1/7比例确定。 本项目路线全长176.031公里，其中临临高速完全利用段落40.041公里，新建135.99公里，新建段主线采 用双向四车道高速公路标准建设，设计速度120公里/小时，整体式路基宽27.0米，分离式路基宽度13.25 米。新建段全线设特大桥3座，大桥39座，中桥34座，小桥2座，涵洞151道;隧道3座;互通立交13处(其中 枢纽互通立交6处)，分离立交36处，通道100处，天桥102座;服务区3处、养护工区3处、监控通信分中 心1处、桥隧养护管理站1处、桥隧监控通信站1处、匝道收费站7处。招标范围：主线工程所含路基工 程、路面工程、桥涵工程、隧道工程、交叉工程(不含涉铁工程)、排水工程、防 ...

智通财经APP讯，山东路桥(000498.SZ)公告，公司子公司山东省路桥集团有限公司及公司其他控股子公 司拟采取施工与投资相结合的投标方案参与潍坊至邹城高速公路沂源至邹城段工程施工一至三标段投 标。根据招标人发布的招标计划，本项目一至三标段合同预估金额102亿元。根据本项目招标文件，公 司各参与子公司对应承诺投资额最高不超过14.57亿元，最终承担的施工工程量按中标额确定，最终承 担的出资额按不低于中标价的1/7比例确定。 本项目路线全长176.031公里，其中临临高速完全利用段落40.041公里，新建135.99公里，新建段主线采 用双向四车道高速公路标准建设，设计速度120公里/小时，整体式路基宽27.0米，分离式路基宽度13.25 米。新建段全线设特大桥3座，大桥39座，中桥34座，小桥2座，涵洞151道;隧道3座;互通立交13处(其中 枢纽互通立交6处)，分离立交36处，通道100处，天桥102座;服务区3处、养护工区3处、监控通信分中 心1处、桥隧养护管理站1处、桥隧监控通信站1处、匝道收费站7处。招标范围：主线工程所含路基工 程、路面工程、桥涵工程、隧道工程、交叉工程(不含涉铁工程)、排水工程、 ...

Core Points - Sichuan Road and Bridge (600039.SH) announced a share buyback program, having repurchased a total of 7.6469 million shares, which represents 0.0879% of the company's total share capital [1] - The highest transaction price for the repurchased shares was 9.85 CNY per share, while the lowest was 8.62 CNY per share [1] - The total amount spent on the share buyback reached 70.2034 million CNY, excluding transaction fees [1]

Group 1 - Sichuan Road and Bridge announced a share buyback of approximately 7.65 million shares, accounting for 0.0879% of the total share capital, with a total expenditure of about 70.2 million RMB [1][1][1] - The highest and lowest prices for the repurchased shares were 9.85 RMB and 8.62 RMB per share, respectively [1][1][1] - As of the report date, the market capitalization of Sichuan Road and Bridge is 79.9 billion RMB [1][1][1] Group 2 - For the year 2024, the revenue composition of Sichuan Road and Bridge is as follows: logistics trade 6.25%, mining and new materials 3.12%, highway investment and operation 2.69%, other businesses 0.6%, and clean energy 0.57% [1][1][1]

Summary of Shandong Road and Bridge's Conference Call Company Overview - **Company**: Shandong Road and Bridge - **Industry**: Infrastructure and Construction Key Points 1. Business Performance and Outlook - The company reported good operational development in Q4 2025, with optimistic bidding results for external market projects and active internal highway projects, expecting stable growth in Q4 despite weather-related impacts on project progress in North China and northern regions [2][3][4] - The revenue and net profit targets for 2025 remain unchanged, with the final results dependent on the opening and revenue contributions in the last three months of the year [2][5] 2. Market Conditions and Strategic Focus - The infrastructure market in Shandong province is expected to maintain stable growth from the end of the 14th Five-Year Plan to the 15th Five-Year Plan, with increased funding and policy support anticipated in 2026 [2][6] - The company is actively expanding into the northwest, southwest, and Southeast Asian markets [2][6] 3. Overseas Market Performance - The overseas market orders performed excellently, reaching over 9 billion yuan in the first half of 2025, with expectations to reach around 10 billion yuan for the entire year [2][7][8] - The major shareholder's orders are expected to enter the bidding phase in the next two months, contributing to growth [8] 4. Dividend Strategy - The company plans to gradually increase the total dividend amount over the next few years, continuing a strategy of multiple dividends per year and annual increases to provide fixed expectations for investors [2][9] 5. Profit Margin Management - The company has implemented cost control measures through the "cost reduction and efficiency enhancement" initiative and the "two 1%" project, which focuses on strict cost management before and during project execution [3][10] - Profit margins vary significantly based on project content and location, but the company aims to continue improving overall profit margins [10] 6. Cash Flow Management - The goal for 2025 is to achieve positive operating cash flow, with measures in place to improve cash flow, including a lifetime responsibility system for project managers and shared collection targets for the leadership team [3][11] - The company has diverse financing channels and low costs, enabling it to support daily operations and expand market share [11] 7. Market Value Management - The Shandong Provincial State-owned Assets Supervision and Administration Commission is seeking opinions on market value management guidelines, which are expected to be published by the end of 2025 or early 2026 [12] - The management of market value will impact leadership compensation and employee salary assessments, emphasizing the importance of performance in this area [12] 8. Emerging Markets and New Opportunities - The company has made significant progress in overseas markets, achieving a 100% year-on-year growth, with a short-term goal of overseas revenue accounting for over 10% of total income [13][14] - The company is also exploring opportunities in urban renewal and municipal engineering, as well as in low-altitude economy sectors [14][16] 9. Participation in Low-Altitude Economy - Currently, the company has limited participation in the low-altitude economy in Shandong, but it recognizes the potential for future involvement, leveraging existing infrastructure [16] This summary encapsulates the key insights from the conference call, highlighting the company's performance, strategic direction, and market conditions.

Core Viewpoint - The company, Zhengping Road and Bridge Construction Co., Ltd., has announced a stock trading risk warning and a suspension of trading due to a significant increase in stock price, which has deviated from its fundamental performance [2][3]. Stock Trading Situation - The company's stock price increased by 221.93% from September 1, 2025, to November 18, 2025, significantly diverging from the Shanghai Composite Index and the construction industry [2][3]. - Trading suspension is effective from November 19, 2025, with an expected duration of no more than 10 trading days [2][11]. Financial Performance - For 2024, the company reported a revenue of 1.362 billion yuan and a net loss attributable to shareholders of 484 million yuan [7]. - As of the third quarter of 2025, the company achieved a revenue of 652 million yuan with a net loss of 99 million yuan [7]. Audit and Compliance Issues - The company received an audit report for 2024 that could not express an opinion due to limited audit scope, leading to a risk warning for delisting [4]. - There are concerns regarding non-operating fund occupation, with a previous amount of 13.21 million yuan being recovered, but uncertainties remain about undisclosed fund occupations [5][6]. Mining Resource Development - The company has obtained a mining license but faces significant challenges in mining capacity and funding, with a current cash balance of approximately 72.38 million yuan, of which 30.28 million yuan is restricted [8]. - The company’s high debt ratio of 92.49% raises concerns about its ability to develop mining resources and generate revenue [8]. Market Sentiment and Investor Caution - The company warns investors about the potential for significant market risks due to the stock price's rapid increase, which may lead to a substantial decline [3][11]. - The company emphasizes the importance of rational decision-making and awareness of market risks for investors [2][3].