每经AI快讯，宁沪高速（SH 600377，收盘价：12.34元）12月18日晚间发布公告称，江苏宁沪高速公路 股份有限公司董事会于2025年12月18日收到执行董事张新宇先生的辞任函。张新宇先生因公司治理结构 调整，申请辞去公司董事、董事会战略委员会委员职务。辞职后，张先生将继续担任公司其他职务。 2025年1至6月份，宁沪高速的营业收入构成为：建造期收入/成本占比37.46%，沪宁高速占比28.31%， 配套服务业务占比8.8%，宁常高速及镇溧高速占比6.23%，五峰山大桥占比6.04%。 （记者 曾健辉） 截至发稿，宁沪高速市值为622亿元。 每经头条（nbdtoutiao）——海南封关政策红利全解析：零关税、低个税、投资准入放宽、跨境资金自 由、创业扶持…… ...

每经AI快讯，宁沪高速（SH 600377，收盘价：12.19元）12月10日晚间发布公告称，公司第十一届第十 七次董事会会议于2025年12月10日以现场会议及视频会议相结合的方式召开。会议审议了《关于公司向 控股子公司江苏龙潭大桥有限公司增资暨投资建设高速公路项目的议案》等文件。 每经头条（nbdtoutiao）——白金信用卡权益大缩水：贵宾厅限次、酒店减量⋯⋯银行吐槽没赚头，"羊 毛党"薅了个寂寞 （记者 王晓波） 2025年1至6月份，宁沪高速的营业收入构成为：建造期收入/成本占比37.46%，沪宁高速占比28.31%， 配套服务业务占比8.8%，宁常高速及镇溧高速占比6.23%，五峰山大桥占比6.04%。 截至发稿，宁沪高速市值为614亿元。 ...

Investment Rating - The report maintains a "Recommended" rating for the company [4][3]. Core Views - The company's revenue for the first half of 2025 was 9.406 billion, a year-on-year decrease of 5.56%. Excluding construction revenue, the revenue decline was only 0.99%. The net profit attributable to shareholders was 2.424 billion, down 11.81% year-on-year. Overall, the company's earnings met expectations [1][2]. - Toll road business revenue slightly increased, with significant revenue growth from the Hu-Ning Expressway, which generated 2.663 billion in revenue, an 8.18% year-on-year increase. This was partly due to traffic rerouting from construction on the Hu-Wu Expressway [1][2]. - Investment income fluctuated significantly, contributing to the decline in profits. The company reported investment income of 700 million, down 33.24% from the previous year, primarily due to reduced earnings from joint ventures and changes in dividend distribution from Jiangsu Bank [2][3]. Summary by Sections Financial Performance - In the first half of 2025, the company achieved a gross profit margin of 63.21%, an increase of 2.51 percentage points year-on-year. The operating cost, excluding construction costs, decreased by 6.37% [1][2]. - The company forecasts net profits of 5.09 billion, 5.17 billion, and 5.38 billion for 2025, 2026, and 2027, respectively, with corresponding EPS of 1.01, 1.03, and 1.07 [3][9]. Revenue Breakdown - Toll revenue for the first half of 2025 totaled 4.604 billion, a year-on-year increase of 1.65%. The average daily revenue from the Hu-Ning Expressway increased by 8.18%, while the Ning-Chang Expressway saw a decline of 15.59% [1][2]. - The average daily toll revenue for the Xi-Yi and Chang-Yi Expressways decreased by 28.08% and 12.28%, respectively, due to construction impacts [1][2]. Cost Management - The company reported a significant reduction in maintenance costs, which fell from 215 million to 114 million year-on-year, contributing to the overall decrease in operating costs [2][3].

Group 1 - Ninghu Expressway (SH 600377) announced on August 29 that its 11th Board of Directors meeting was held on August 28, 2025, to review a risk assessment report regarding financial business with Jiangsu Transportation Holding Group [1] - For the first half of 2025, the revenue composition of Ninghu Expressway was as follows: construction period revenue/cost accounted for 37.46%, Hu-Ning Expressway accounted for 28.31%, supporting service business accounted for 8.8%, Ningchang Expressway and Zhenli Expressway accounted for 6.23%, and Wufengshan Bridge accounted for 6.04% [1]