wen | jingjidaobao wangwei　

suizhegujiazaiduhuisheng，shandonggaosu(600350.sh)deyejinengfouzhichengxianzaideguzhi，chengweitouzizheguanzhudejiaodian。

12yue16ri，shandonggaosukaipanhouzhubuzougao，dangtianshoupanzhang5.31%，gongsigujiazaicilaidaolishizuigaodianfujin，shizhibijin500yiyuan。

buguo，shandonggaosujinnianqiansanjidu“zengshoubuzengli”deqingkuang，rengyinlaigefangdanyou。11yueyilaideyejishuominghuihetouzijigoudiaoyan，douwenjigongsixiangguanqingkuang。duici，shandonggaosucheng，weilaijihuachixujujiaozhuzezhuye，zaizhuyejizhuyechanyelianshangchixutuozhan，yanzhanzhuyejizhuyechanyelianxiangguanyewudeguangdujishendu，kuodajingyingguimo，yishixianqiyechengzhang。zheiyizhanlvenengfouchenggongshishibingdaidonggongsiyejifanzhuanshangxushijianyanzheng。jiuxiangguanwenti，jingjidaobaoxiangshandonggaosufaqucaifanghan，jiezhifagaoweihuohuifu。

通行费收入阶段性下降

qiansanjidushandonggaosushixianyingyeshouru199.01yiyuan，tongbizengzhang10.94%，shixianguimujinglirun25.16yiyuan，tongbijianshao5.70%。tongxingfeishouruyizhishishandonggaosugexiangyewuzhongdezhongyaolirunlaiyuan。danshiqiansanjiduzailuqiaoyunyingfangmian，gongsiduotiaoguanjianluduandetongxingfeishouruchuxianxiajiang。qiansanjidu，gongsishixiantongxingfeishouru75.69yiyuan，tongbijianshao7.44%。

shandonggaosubiaoshi，qiansanjidujinglirunxiajiang，zhuyaoyinweigongsigonglubankuaitongxingfeishourujieduanxingxiajiang，daozhilirunxiangyingjianshao。

zhidezhuyideshi，sanjiduzhihou，shandonggaosurengyouyixiegaosugonglujiangtingzhishoufei。biru，weilaigaosuyu10yue18riyijingdaoqibingtingzhileshoufei，ciluduanyiniantongxingfeiyue4yiyuan。touzizherenwei，zheiduishandonggaosujiangchanshengjiaodayingxiang。

duici，shandonggaosuzaihuidatouzizhetiwenshicheng，muqianweilaigaosurengyougongsijixuyunying，houqigongsijiangshishigaikuojiangongcheng，tishengdaolufuwushuiping。

lingwai，zhongbaopilu，jingtaiqihezhijinanduan(21.97km)、jingtaijiqinglianjiexian(16.38km)doushi2024nian10yue30ridaoqi。shandonggaosucheng，shangshuliangduangaosudeshoufeiyouxiaoqiyanzhangzhi2025nian1yue18ri。jibianruci，zheiliangduangaosulitingzhishoufeideshijiandayueyigeyue。tingzhishoufeihoudesunshihuifouduigongsizaochengyingxiangzhideguanzhu。

投资收益减少

jupilu，zaitouziyunyingfangmian，shandonggaosuqiansanjidushixiantouzishouyi9.66yiyuan，tongbijianshao0.25%。touzishouyijianshaoyijimianlindezijinyalitiaozhanbeishoutouzizheguanzhu。

jihegaosumeigongligaizaochengbenyuangaoyujiqinggaosu，qizuizhongtouzieweiduoshao?

duitouzizhedezheiyitiwen，shandonggaosuhuifucheng，jihegaosuyinjialinshuniulijiaozhidongpinghutonglijiaoduanyitiqianhuifushuangxiangtongxing，shengyuluduanlizhengyu2024nian12yuexiaxuntiqianhuifushuangxiangtongxing，zhengquzainiandiqian，jihegaosushixianquanxianshuangxiangguantong。jihegaosugaikuojianxiangmupifugaisuanwei186yiyuanrenminbi，xiangmuzaigongchengjishubiaozhunbujiangdi、gongchenganquan、naijiu、kekaodeqiantixia，congjianshezijin、kanchasheji、zhengdichaiqian、gongchengguanlidengfangmian，jijikaizhanzaojiakongzhigongzuo，quebaogaosugonglugongchengzaojiakexueheli。muqianxiangmushangweiwangong，weinengdadaojungongjuesuanjieduan，zongtouzijinejidaikuanjinerengxujinyibucesuan。

youtouzizhetichu，dangqiangongsiguxilv4.6%，erguojiatigongshangshigongsijigudongdehuigou、zengchizhuanxiangzijinlilv1.75%，weishenmeshangshigongsihuodagudongbucongjiazhitouzidejiaoduchufa，huigouhuoshizengchi?

duizheizhongfangan，shandonggaosubiaoshi，weilaigongsijiangjieheguquanjiegouhezichanfuzhailvtongchoukaolv。

shandonggaosuhaicheng，jiangjulichanyeliantouzitidangshengji，tuidongtouzifazhanqudexinchengxiao。tansuozuoweishehuizibenfangcanyutexujingyingleizhuyetouzimoshi，huodejiansheguanliheshoufeiyunyingquanliuchengshouyi；weiraozhihuijiaotong、xinyidaixinxijishudengchanyelianlingyushishitouzibuju。

改扩建增强中长期成长性

2024nianshishandonggaosuluoshi“shisiwu”guihuadegongjianzhinian，gaikuojianjinzhanqingkuangzhideguanzhu。

jinqi，jushandonggaosupilu，qizhong，gongsitouzis16rongweigaosugonglulaiyangzhiweifangduangaikuojiangongchengxiangmu(weilaigaosugaikuojian)yijingdongshihuishenyitongguo。ciwai，gongsizhongbiaog220dongshenxiandongyingnanwangcunzhibinzhoujieduangaijiangongchengtexujingyingxiangmu；zaijiangongchengfangmian，jingtaigaosuqijiduangaikuojianxiangmuqiansanjiduwanchengtouzi19.86yiyuan，leijiwanchengtouzi53.54yiyuan；jihegaosugaikuojianxiangmuqiansanjiduwanchengtouzi51.50yiyuan，leijiwanchengtouzi140.95yiyuan，zhangqingduan(yinjialinshuniulijiaozhixiaolihutongduan)yu9yue26rihuifushuangxiangtongxing。

“gaikuojiangongchengjianchengtongchehou，youwangyinglaicheliuliangheshoufeibiaozhundeshuangzhongtisheng，tongshidiejiashoufeiqixiandeyanzhang，youzhuyuzengqianggongsiluqiaoyunyingzhuyedezhongzhangqichengzhangxing。”zhongtaizhengquanyanjiuyuanduchongfenxicheng。

shandonggaosucheng，jiangjulizhongdiangongcheng，quanlituijinqijigaikuojianxiangmujianshehejihegaikuojianxiangmujianshe，tuidonggaikuojiangongchenglingtanshifanxiangmu，dazaoquanguoshoutiaolingtangaikuojiangaosugonglu。