Group 1 - The core viewpoint of the article highlights the financial performance of Shen High-Speed in the third quarter and the first three quarters of the year [1] Group 2 - In the third quarter, the company achieved an operating income of 2.131 billion yuan, representing a year-on-year increase of 1.34% [1] - The net profit attributable to shareholders in the third quarter was 510 million yuan, showing a year-on-year decline of 14.96% [1] - For the first three quarters, the company reported an operating income of 6.050 billion yuan, which is a year-on-year growth of 3.24% [1] - The net profit attributable to shareholders for the first three quarters was 1.470 billion yuan, reflecting a year-on-year increase of 7.01% [1]

Group 1 - The company's Q3 revenue reached 2.131 billion, representing a year-on-year increase of 1.34% [1] - The net profit for Q3 was 510 million, showing a decline of 14.96% compared to the previous year [1] - For the first three quarters, the total revenue amounted to 6.05 billion, reflecting a year-on-year growth of 3.24% [1] Group 2 - The net profit for the first three quarters was 1.47 billion, which is a year-on-year increase of 7.01% [1]

Market Overview - The railway and highway sector experienced a decline of 0.35% on the trading day, with Shentong Metro leading the losses [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the railway and highway sector included: - Jilin Expressway (601518) with a closing price of 3.00, up 5.63% on a trading volume of 803,800 shares and a turnover of 240 million yuan [1] - Chongqing Road and Bridge (600106) closed at 6.84, up 4.91% with a trading volume of 558,900 shares and a turnover of 375 million yuan [1] - Conversely, Shentong Metro (600834) led the declines, closing at 8.90, down 3.68% with a trading volume of 119,800 shares and a turnover of 108 million yuan [2] Capital Flow - The railway and highway sector saw a net outflow of 210 million yuan from institutional investors, while retail investors contributed a net inflow of 324 million yuan [2] - Specific stock capital flows included: - Chongqing Road and Bridge (600106) had a net inflow of 28.18 million yuan from institutional investors, while retail investors had a net outflow of 25.08 million yuan [3] - Jilin Expressway (601518) showed a significant retail net inflow, indicating strong interest from individual investors [3]

Core Viewpoint - The company has announced the use of part of its idle raised funds for cash management through structured deposits, aiming to enhance fund efficiency while ensuring the safety of the raised funds [5][14]. Summary by Sections Cash Management Overview - The purpose of cash management is to improve fund utilization efficiency while ensuring that the investment plans and safety of the raised funds are not affected [5]. - The company subscribed to a structured deposit product amounting to RMB 100 million at Jiangsu Bank [6][8]. - The funds for this structured deposit come from previously idle raised funds that were converted into a seven-day notice deposit at Bank of China [9]. Cash Management Details - The structured deposit is a bank wealth management product with an expected return of approximately RMB 300,000 [10]. - The company has a cash management product balance limit of RMB 3 billion, which can be rolled over within 12 months [10]. - The cash management process is strictly regulated to ensure that it does not impact the funding needs of investment projects [10]. Approval Process - The cash management plan was approved by the company's board and supervisory committee during meetings held on March 21, 2025 [11]. Risk Analysis and Control Measures - The structured deposit is considered low-risk, but the company has implemented several measures to mitigate potential risks, including compliance with relevant regulations and regular monitoring of cash management products [12]. Impact on the Company - The investment in structured deposits is expected to enhance the efficiency of raised funds and increase company revenue without affecting daily operations or the progress of investment projects [14]. Accounting Treatment - The structured deposit will be accounted for under "trading financial assets," "fair value changes," and "investment income" according to accounting standards [15]. Recent Cash Management Activity - On September 29, 2025, the company redeemed RMB 200 million from a notice deposit, earning a return of RMB 75,800 [16].

深圳高速公路集团股份有限公司 关于使用部分闲置募集资金进行现金管理的公告 | 证券代码：600548 | 证券简称：深高速 | | | 公告编号：2025-090 | | --- | --- | --- | --- | --- | | 债券代码：188451 | 债券简称：21 | 深高 | 01 | | | 债券代码：185300 | 债券简称：22 | 深高 | 01 | | | 债券代码：240067 | 债券简称：G23 | 深高 | 1 | | | 债券代码：241018 | 债券简称：24 | 深高 | 01 | | | 债券代码：241019 | 债券简称：24 | 深高 | 02 | | | 债券代码：242050 | 债券简称：24 | 深高 | 03 | | | 债券代码：242539 | 债券简称：25 | 深高 | 01 | | | 债券代码：242780 | 债券简称：25 | 深高 | Y1 | | | 债券代码：242781 | 债券简称：25 | 深高 | Y2 | | | 债券代码：242972 | 债券简称：25 | 深高 | Y3 | | | 债券代码：242973 | ...

（於中華人民共和國註冊成立的股份有限公司） （股份代號：00548） 海外監管公告 本公告乃根據香港聯合交易所有限公司證券上市規則第 13.10B 條而作出。 茲載列深圳高速公路集團股份有限公司（「本公司」）在上海證券交易所網站發佈的《關 於使用部分閒置募集資金進行現金管理的公告》，僅供參閱。 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。 中國，深圳，2025 年 10 月 28 日 於本公告之日，本公司董事會的成員包括執行董事徐恩利先生、廖湘文先生、姚海先生 和文亮先生；非執行董事陳雲江先生、伍燕淩女士和張堅女士；以及獨立非執行董事李 飛龍先生、繆軍先生、徐華翔先生和顏延先生。 | 证券代码：600548 | 证券简称：深高速 | | | 公告编号：2025-090 | | --- | --- | --- | --- | --- | | 债券代码：188451 | 债券简称：21 | 深高 | 01 | | | 债券代码：185300 | 债券简 ...

Core Insights - The company reported a revenue of approximately RMB 581 million for the first three quarters of 2025, representing a year-on-year decrease of 13.02% [1] - The pre-tax profit was approximately RMB 566 million, while the net profit attributable to shareholders was around RMB 381 million, showing a year-on-year increase of 2.42% [1] - As of September 30, 2025, the total assets amounted to approximately RMB 13.167 billion, and the net assets were about RMB 7.721 billion [1]

Core Insights - The company reported a revenue of approximately RMB 581 million for the first three quarters of 2025, representing a year-on-year decrease of 13.02% [1] - The pre-tax profit was approximately RMB 566 million, while the net profit attributable to shareholders was around RMB 381 million, showing a year-on-year increase of 2.42% [1] - As of September 30, 2025, the total assets amounted to approximately RMB 13.167 billion, and the net assets were about RMB 7.721 billion [1]

Core Viewpoint - Shenzhen Expressway Company Limited (00548) reported the financial performance of Bay Area Development (00737) for the first three quarters of 2025, indicating a mixed performance with a decline in revenue but an increase in net profit [1] Financial Performance Summary - For the first three quarters of 2025, Bay Area Development achieved operating revenue of approximately RMB 581 million, representing a year-on-year decrease of 13.02% [1] - The pre-tax profit for the same period was approximately RMB 566 million, while the net profit attributable to shareholders was around RMB 381 million, reflecting a year-on-year increase of 2.42% [1] - As of September 30, 2025, the total assets amounted to approximately RMB 13.167 billion, and the net assets were about RMB 7.721 billion, with all financial data prepared in accordance with International Financial Reporting Standards and unaudited [1]

Core Viewpoint - Shenzhen Expressway Company Limited's subsidiary, Shenzhen Investment Holdings Bay Area Development Co., Ltd., reported its financial performance for the first three quarters of 2025, highlighting significant revenue and profit figures [1] Financial Performance - For the first three quarters of 2025, the company achieved an operating revenue of approximately RMB 581 million [1] - The pre-tax profit for the same period was approximately RMB 566 million [1] - The net profit attributable to shareholders was around RMB 381 million [1] Asset Overview - As of September 30, 2025, the total assets of the company were approximately RMB 13.167 billion [1] - The net assets stood at approximately RMB 7.721 billion [1] Ownership Structure - The company holds a 51% stake in the Guangshen Coastal Expressway (S3) Shenzhen section [1] - Other significant assets include a 45% stake in Guangzhou-Shenzhen Expressway Co., Ltd. and a 50% stake in Guangdong Guangzhu West Line Expressway Co., Ltd. [1] - Additionally, the company has a 15% stake in Guangzhou Zhentong Industrial Development Co., Ltd., which is currently developing a project in Zengcheng District, Guangzhou [1]