福建高速公告称，公司2025年第二次临时股东会于12月17日审议通过中期利润分配方案。本次分配以总 股本27.44亿股为基数，每股派发现金红利0.05元（含税），共计派发现金红利1.37亿元。股权登记日为 12月30日，除权（息）日和现金红利发放日为12月31日。不同类型股东扣税政策不同，如自然人股东持 股超1年暂免征收个税，QFII股东按10%税率代扣。 ...

作为福建省交通基建领域的龙头企业，福建高速（600033）凭借福建板块政策赋能、行业区域核心优 势、低估值安全垫及持续稳健的业绩分红，正成为资本市场中值得长期关注的优质标的。 在当前资本市场中，福建高速作为兼具低估值、高毛利与低负债特质的稀缺标的，投资价值愈发显著。 公司滚动市盈率仅15.43倍，股价围绕每股净资产波动，与行业平均水平相对低估。值得关注的是，公 司毛利率持续保持行业领先水平，资产负债率远低于同行业平均水平，这种 "一低两高" 的财务结构， 在市场中极为稀缺。此前，公司因市场关注度不足，股价与估值均处于历史低位。随着政策利好释放， 估值修复空间较大，有望为投资者构筑起坚实的安全边际。 政策层面的红利释放为福建高速注入强劲发展动力。近期国家持续深化 "两岸融合发展" 战略部署，福 建作为对台工作前沿阵地，在经贸合作、基础设施联通等领域被赋予 "先行先试" 的核心使命。与此同 时，作为21世纪海上丝绸之路核心区，福建未来有望落地更多针对性政策支持，进一步激活区域交通物 流需求。福建高速的核心路产贯穿福州至厦门的沿海黄金通道，串联省内经济重镇，其战略定位与区域 发展规划高度契合，政策红利的持续释放将为 ...

Core Viewpoint - Jiangsu Yunsong Capital Management Co., Ltd. has increased its stake in Shenzhen Expressway Group Co., Ltd. to 13.00% by acquiring 25,378,000 H-shares from September 22, 2025, to December 10, 2025 [2]. Group 1: Shareholder Information - Jiangsu Yunsong Capital holds 329,922,461 shares of Shenzhen Expressway, comprising 242,976,461 A-shares and 86,946,000 H-shares [2]. - The increase in shareholding from 12.00% to 13.00% was achieved through a concentrated bidding process via the Shanghai-Hong Kong Stock Connect [2]. Group 2: Rights Change Details - The rights change does not lead to a change in the controlling shareholder or actual controller of the company [3]. - The increase in shareholding is part of a previously disclosed plan and does not trigger a mandatory tender offer [4]. - Jiangsu Yunsong Capital plans to continue increasing its stake in the company based on market conditions [4].

- 公司情况：运营泉厦、福泉、罗宁三条高速共282公里，福泉、泉厦高速已完成双向四车道拓宽至八 车道的扩建工程并进入收获期，区位优势明显；地处福建，契合海峡两岸相关发展方向；最终控制人为 福建省国资委，被归类为国企改革范畴。 业绩方面，2025年1月-9月，福建高速实现营业收入22.98亿元，同比增长1.30%；归属净利润8.22亿元， 同比增长3.58%。 声明：市场有风险，投资需谨慎。本文为AI基于第三方数据生成，仅供参考，不构成个人投资建议。 来源：市场资讯 12月2日，福建高速收盘首板涨停，沪深京交易所数据显示，截至当日收盘，福建高速报4.25元/股，成 交额6.71亿元，总市值116.64亿元，封板资金8811.86万元。 异动原因 涨跌停原因可为： - 概念属性：涵盖高速公路、海峡两岸、国企改革概念。 - 行业政策：福建官方12月2日推出第五批贯彻落实两岸融合发展示范区意见的政策措施（三方面12 条），关注台胞台企诉求。 ...

Core Viewpoint - The 2025 Xiamen Industrial Development Conference and the Golden Bull Award Ceremony recognized Anhui Wantuo Expressway for its strong shareholder return capabilities, highlighting its status as a quality blue-chip stock in the Hong Kong market [1] Group 1: Event Overview - The event was themed "Innovation in Science and Technology, Foundation in Industry, Collaborative Win-Win" and took place in Xiamen on November 8 [1] - The Golden Bull Award is an authoritative evaluation activity by China Securities Journal, emphasizing transparency and professionalism in recognizing high-quality development among Hong Kong-listed companies [1] Group 2: Company Performance - Anhui Wantuo Expressway has maintained a stable operating strategy and attractive investor return mechanism, with a cash dividend ratio exceeding 60% for three consecutive years [1] - The company has cumulatively distributed over 10 billion yuan in dividends since its listing, setting a benchmark for "returning value and keeping promises" in the capital market [1]

Core Viewpoint - Longjiang Transportation (601188.SH) reported steady operational performance in Q3 2025, with strong financial indicators and strategic acquisition of Heilongjiang Water Transport Construction Development Co., Ltd. progressing smoothly, enhancing its "one body, two wings" strategy for long-term growth [1][2] Financial Performance - In the first three quarters of 2025, Longjiang Transportation achieved operating revenue of 469 million yuan, a year-on-year adjusted increase of 13.00% [1] - The net profit attributable to shareholders reached 156 million yuan, reflecting a year-on-year growth of 3.21% [1] - Total assets remained stable, with shareholders' equity increasing by 1.35% compared to the end of the previous year, indicating a solid financial structure and enhanced risk resistance [1] Strategic Acquisition - The company plans to acquire 100% equity of Heilongjiang Water Transport Construction Development Co., Ltd. for a maximum price of 157 million yuan, with the acquisition already approved by the board, supervisory board, and shareholders' meeting [1] - The core asset of the target company is the Dadingzi Mountain Hydropower Plant, with a total installed capacity of 66,000 kilowatts, which has been supplying stable electricity to the State Grid since 2007 [2] Future Outlook - The acquisition is expected to provide Longjiang Transportation with high-quality profit-generating assets and support the "industrial wing" of its new materials sector with green power, facilitating the integrated development of the graphite industry [2] - With the initiation of the 14th Five-Year Plan, the company anticipates increased policy support and industry prosperity in the new energy and new materials sectors, aiming to reduce costs and enhance profitability through clean energy assets [2] - Longjiang Transportation will continue to align with policy directions, optimize resource allocation, and implement strategies to create higher value for shareholders and achieve sustainable development [2]

Core Viewpoint - Guangdong Expressway A is a significant player in the domestic highway industry, with a diversified business model and state-owned background, focusing on highway operations and related services [1] Business Overview - Established on January 2, 1997, and listed on February 20, 1998, Guangdong Expressway A operates in the transportation sector, specifically in highway construction, toll collection, maintenance, and automotive services [1] - The company is involved in various concept sectors, including state-owned enterprise reform, Guangdong-Hong Kong-Macao Greater Bay Area, and nuclear power [1] Financial Performance - For Q3 2025, Guangdong Expressway A reported revenue of 3.363 billion yuan, ranking 11th among 20 companies in the industry, while net profit was 2.115 billion yuan, ranking 4th [2] - The company’s revenue decreased by 2.12% year-on-year, while the gross profit margin increased by 1.5 percentage points to 70.1% [6] Financial Ratios - As of Q3 2025, the asset-liability ratio was 42.04%, slightly higher than the industry average of 41.31%, while the gross profit margin was 68.89%, significantly above the industry average of 46.20% [3] Shareholder Information - As of February 29, 2012, the number of A-share shareholders decreased by 0.19%, with an average holding of 7,394.54 shares per account, which increased by 0.19% [5] - By September 30, 2025, Hong Kong Central Clearing Limited became the sixth-largest shareholder, increasing its holdings by 3.01 million shares [5] Management Compensation - The chairman, Miao Deshan, received a salary of 799,700 yuan in 2024, an increase of 132,600 yuan from the previous year [4] Future Outlook - The company is expected to face short-term revenue pressure due to traffic diversion but has long-term growth potential from ongoing highway expansions [6] - The dividend policy is strong, with a commitment to distribute at least 70% of net profit as cash dividends from 2024 to 2026, offering attractive dividend yields [6]

Core Insights - Modern Investment Co., Ltd. reported a net profit of 433 million yuan for the first three quarters of 2025, representing a year-on-year increase of 6.70% with basic earnings per share of 0.2586 yuan, up 10.28% [1] - The company emphasizes its "one body, two wings" development strategy, achieving stable operations despite a complex market environment [1] Financial Performance - The financial cost management has shown significant effectiveness, with interest expenses reduced to 596 million yuan, down 17.9% from 727 million yuan in the previous period, enhancing profitability [3] - The company’s undistributed profits reached 7.897 billion yuan, indicating steady growth [2] Core Business Operations - The core highway operation business continues to play a crucial role, covering key transportation lines in Hunan and the G4 Jinggang'ao Expressway, demonstrating resilience [1] - The company has implemented an integrated operation model at the Huaihua North Management Center, which has been successfully scaled up, showcasing its maturity and replicability [1] Diversified Growth Strategies - The financial services and industrial operations segments have made multiple breakthroughs, with the futures subsidiary's "insurance + futures" business expanding steadily, and bank subsidiary deposits increasing by 1.134 billion yuan [2] - In the industrial operations sector, significant advancements have been made in smart wastewater integration and fly ash resource utilization technologies, contributing to sustainable growth [2] Recognition and Governance - The company has received industry recognition for its governance, winning awards such as "Best Practice Case for Internal Control of Chinese Listed Companies in 2025" and achieving an AA rating in Wind ESG, ranking among the top three in the highway sector [2]

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。 （在 百 慕 達 註 冊 成 立 之 有 限 公 司） （股 份 代 號：01052） 2025年8月未經審計營運資料 本集團2025年8月 未 經 審 計 的 營 運 資 料 如 下： 1. 本 集 團 多 數 項 目 受 益 於 暑 運 期 出 行 增 加，日 均 車 流 量 及 路 費 收 入 環 比 增 長 8月 開 始，全 國 高 速 公 路 進 入 暑 運 高 峰，本 集 團 多 數 項 目 日 均 車 流 量 及 路 費 收 入 環 比 進 一 步 上 升。 2. 廣 東 地 區 多 數 項 目 以 及 廣 西 地 區 項 目 受 颱 風 影 響，日 均 車 流 量 及 路 費 收 入 同 比下降 8月 因 颱 風 天 氣 影 響，廣 東 以 及 廣 西 地 區 降 雨 量 ...

Group 1 - The National Day and Mid-Autumn Festival holiday is expected to see significant travel demand, with railway passenger volume projected at 10.32 million over 12 days, averaging 860,000 per day [1] - The opening of the Shenyang-Jia high-speed railway segment is anticipated to increase travel flows, prompting Shenyang Railway Bureau to enhance service quality through precise demand matching [1] - Shenyang Taoxian International Airport expects to handle 3,936 flights and 620,000 passengers from October 1 to October 8, with a year-on-year increase of 3.6% in flights and 6% in passenger volume [1] Group 2 - The total expected traffic flow at highway exits during the holiday is 12.894 million vehicles, averaging 1.612 million vehicles per day, reflecting an 8.7% year-on-year increase [2] - Liaoning Expressway Operations Company has initiated a "guarding" action to ensure smooth traffic flow, including the establishment of a dedicated support team and real-time monitoring of road conditions [2] - The company aims for a "zero delay" response for emergency rescue operations and will utilize new media platforms to provide timely service information to the public [2]