【中泰交运】红利资产配置推荐高速,“反内卷”背景下关注快递——公路、铁路、港口、快递上市公司Q3经营表现总结

杜工周期
Nov 17, 2025

报告摘要高速公路:头部优质标的经营稳健,仍是红利配置首选根据Wind统计,2025年Q3,SW高速公路板块营业收入(合计)同比-10.73%,归母净利润(合计)同比+6.82%。上市公司方面,2025年Q3,皖通高速归母净利润同比+8.19%,通行费收入同比+16.24%;山东高速归母净利润同比+4.52%,通行费收入同比+1.73%;宁沪高速归母净利润同比+3.06%,通行费收入同比-0.05%...

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