宁沪高速调整与江苏交通控股集团财务公司金融服务额度，提升资金效率

江苏宁沪高速公路股份有限公司（证券代码：600377，简称“宁沪高速”）于2026年3月30日发布公告，披露公司董事会批准与江苏交通控股集团财务有限公司（“财务公司”）签订《金融服务协议补充协议》，对原协议中的存款额度进行了下调，并进一步优化公司资金管理体系。该事项具有一定的价格敏感性，可能影响公司未来资金使用效率和融资成本，对投资者具有重要参考价值。

公告要点

• 原协议内容：自2025年4月1日起三年内，宁沪高速在财务公司的每日最高存款余额（含利息）不得超过人民币5亿元，且低于营业收入、总资产或市值的5%；公司可享有不低于人民币50亿元的综合授信额度，贷款利率不高于LPR和同等条件下国有大型商业银行及全国性股份制商业银行水平，且无需公司提供抵押或担保。
• 本次调整：将每日最高存款余额（含利息）由5亿元下调至4.5亿元，仍需满足不超过营业收入、总资产或市值的5%，且原则上不超过综合授信项下实际融资余额，超额部分须在3个工作日内划回公司指定账户。
• 补充协议有效期：自2026年3月27日至2028年3月31日。
• 协议覆盖范围：上述额度包括公司合并报表范围内所有公司。
• 董事会意见：董事会及全体董事确认公告内容真实、准确、完整。

对公司的潜在影响

• 资金管理优化：本次调整有助于进一步提升公司资金管理水平，提高资金使用效率，减少闲置资金规模，加速资金周转，提升整体资金效益。
• 融资成本控制：公司可继续通过财务公司享受较低的融资利率，无需额外抵押或担保，有利于控制财务费用，增强资金配置能力。
• 风险管理：严格的存款额度控制和超额划回机制，有助于防范关联交易风险，保障公司及股东利益。

投资者须关注事项

• 资金效率提升或影响业绩表现：本次额度下调表明公司在加强资金效率和周转率管理，可能对公司经营现金流和财务表现产生积极影响，属于价格敏感信息，投资者需密切关注后续资金及业绩表现。
• 关联交易合规性：公司与控股股东旗下财务公司的金融服务协议，已履行董事会决策程序，且相关条款公开透明，降低了潜在的治理结构风险。
• 协议覆盖全体合并范围企业：本协议调整适用于公司所有合并报表范围内公司，投资者需关注整体资金调配和集团内部资金流动的变化。

结论

宁沪高速本次调整财务公司存款最高额度，进一步优化资金管理，提升资金使用效率，对公司财务健康和未来业绩具备积极意义。此举显示公司管理层在资金安全和效率之间寻求平衡，亦为投资者提供了新的业绩增长预期。

免责声明：本文仅供参考，不构成任何投资建议。投资者应结合自身实际情况，审慎决策，风险自担。公司公告内容如有变动，请以公司后续正式公告为准。

English Translation

Ninghu Expressway Reduces Deposit Cap with Affiliated Finance Company to Optimize Fund Management

Jiangsu Ninghu Expressway Co., Ltd. (Stock Code: 600377, “Ninghu Expressway”) announced on March 30, 2026, that its Board of Directors has approved a supplemental agreement with Jiangsu Communications Holding Group Finance Co., Ltd. (“Finance Company”), revising the maximum deposit balance stipulated in their original financial services agreement. This adjustment aims to optimize the company’s fund management framework and enhance capital efficiency, which may have a potential impact on the company’s future financial performance and is considered price-sensitive for investors.

Key Highlights

• Original Agreement: From April 1, 2025, for three years, Ninghu Expressway’s maximum daily deposit balance (including interest) with the Finance Company was capped at RMB 500 million, and not exceeding 5% of its audited revenue, total assets, or market capitalization. The company also enjoys a comprehensive credit facility of no less than RMB 5 billion, with loan rates not higher than the LPR or the rates offered by major state-owned and national joint-stock banks, and without requiring collateral or guarantees.
• This Adjustment: The maximum daily deposit balance (including interest) is reduced from RMB 500 million to RMB 450 million, while maintaining the 5% cap of revenue, assets, or market value, and generally not exceeding the balance of outstanding financing under the credit facility. Any excess must be returned to the company’s designated account within three working days.
• Validity Period: The supplemental agreement is effective from March 27, 2026, to March 31, 2028.
• Scope: The limits apply to all entities within the company’s consolidated statements.
• Board Confirmation: The board and all directors confirm the truthfulness, accuracy, and completeness of the announcement.

Potential Impact on the Company

• Fund Management Optimization: The adjustment is expected to further enhance fund management, improve capital efficiency, reduce idle cash, accelerate turnover, and maximize the effectiveness of available funds.
• Financing Cost Control: The company continues to benefit from low-cost financing without the need for collateral, supporting cost control and strengthening capital allocation capacity.
• Risk Management: Strict deposit limit controls and the requirement for timely return of excess funds help mitigate related-party transaction risks and protect shareholder interests.

Key Points for Investors

• Potential Impact on Performance: The reduction in idle fund limits demonstrates strengthened fund efficiency and turnover management, which could positively influence the company’s cash flow and financial performance, and is price-sensitive information.
• Compliance with Related Party Transactions: The agreement has been duly approved by the board, with transparent and public terms, reducing potential governance risks.
• Group-wide Application: The adjustment applies to all consolidated entities, so investors should monitor changes in group-wide fund allocation and internal capital flows.

Conclusion

Ninghu Expressway’s adjustment of the deposit cap with its affiliated finance company further optimizes fund management and enhances capital efficiency, which is positive for the company’s financial health and future performance. This move reflects management’s efforts to balance fund safety and efficiency, providing investors with new performance expectations.

Disclaimer: This article is for reference only and does not constitute investment advice. Investors should make prudent decisions based on their actual circumstances and assume all risks. Please refer to the company’s subsequent official announcements for any updates.

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