皖通高速发布2026年度日常关联交易预计公告，金额大幅下降

核心要点

• 2026年度日常关联交易预计总额为人民币4.01亿元，较2025年大幅下降。
• 本次关联交易无需提交股东大会审议，因金额和占净资产比例未达披露标准。
• 工程类交易金额大幅减少，主因部分项目采用公开招标，不再计入日常关联交易预计。
• 公司与控股股东及其下属公司之间的交易广泛，涉及委托管理、租赁、商品采购、工程服务、联网收费等多项业务。
• 公告明确，公司未对关联方形成重大依赖，对公司独立性无实质性影响。
• 部分大型金融服务、原材料采购、监理检测等项目单列，不计入本次日常关联交易预计。

详细内容解读

1. 关联交易预计金额及类别

2026年度，皖通高速及其子公司与关联方之间预计发生日常关联交易总金额为4.01亿元，较2025年实际发生金额10.58亿元大幅下降。主要类别如下：

• 委托管理类： 预计1,884.14万元，涉及合巢芜高速、界阜蚌高速等多条路段的委托管理。
• 租赁业务： 预计6,182.54万元，包括园区房屋、服务区、加油站等租赁。
• 商品、服务采购： 预计6,188.64万元，涵盖物业管理、班车、办公用品、食品采购等。
• 工程业务： 预计20,474.08万元，主要为规划设计、监理、检测、工程建设等服务，但不含公开招标项目。
• 联网收费业务： 预计5,373万元，包含联网收费和数智服务。

2. 重要变化及对投资者的潜在影响

• 公告特别指出，因部分工程类采购通过公开招标，2026年工程类关联交易大幅下降。例如，“十五五”综合养护设计施工总承包项目和高界高速改扩建项目等共计约4.5亿元未计入本次关联交易预计。
• 金融服务、原材料及部分项目由单独议案审议，不影响本次预计金额。
• 公司表示，重大工程业务通过框架协议和股东大会审议，进一步降低关联交易合规风险，提高决策效率，保障重大项目顺利推进。
• 公司强调，本次关联交易不会对上市公司及中小股东利益造成损害，也不会对公司财务状况、经营成果产生重大不利影响。
• 根据《上海证券交易所股票上市规则》，相关关联交易无需提交股东大会审议，亦无需独立股东批准。

3. 关联方情况全面披露

公告详细列示了全部主要关联方的基本情况、2025年未经审计的收入和利润、与公司的关联关系以及履约能力分析。主要关联方包括安徽交控集团、安联公司、驿达集团、高速石化、交控建工、设计总院、联网公司等，均为公司控股股东或其下属子公司。

4. 关联交易定价政策与风险提示

• 所有关联交易遵循市场公允定价原则，优先采用市场独立第三方价格或参考关联方与第三方之间的价格。
• 工程类关联交易价格由招投标结果确定。
• 公司表示，部分工程业务因招投标存在不确定性，实际发生金额与年初预计金额可能存在较大差异。

5. 交易对上市公司独立性的影响

公司董事会及独立董事均认为，本次预计的日常关联交易事项不会影响公司的独立性，亦不会导致对关联方的依赖。

投资者应重点关注事项

• 2026年日常关联交易预计大幅下降，主要由于部分大额工程项目采用公开招标，不再列入日常关联交易预计，对公司财务和利润结构有较大影响。
• 大型工程、金融服务等项目被单独审议和披露，需持续关注其进展和对公司业绩的实际影响。
• 公司与控股股东及其下属公司之间的广泛业务协作，显示出资本运作的高度整合，但公司强调未对单一关联方形成重大依赖。

免责声明

本新闻稿仅为根据公司公告公开信息撰写的投资参考，非任何买卖建议。投资者请结合自身情况及更多公开信息，理性决策。

English Version:

WanTong Expressway Announces Major Drop in 2026 Related-Party Transactions

Key Highlights

• 2026 estimated related-party transactions total RMB 401 million, a sharp decline from 2025.
• No shareholder meeting required for approval; amounts do not breach reporting thresholds.
• Engineering-related transaction values drop substantially as major projects are now procured by open tender, not included in regular related-party transactions.
• Wide range of transactions with controlling shareholder and affiliates, spanning entrusted management, leasing, goods & services procurement, engineering, and network fee services.
• Company stresses no significant dependency on related parties, maintaining business independence.
• Major financial services, raw material procurements, and select projects are presented as stand-alone items, not part of this annual related-party estimate.

Detailed Analysis

1. Estimated Transaction Amounts and Categories

In 2026, WanTong Expressway and subsidiaries expect related-party transactions totaling RMB 401 million, down from over RMB 1.05 billion in 2025. Main categories include:

• Entrusted Management: RMB 18.84 million, managing multiple expressway sections.
• Leasing: RMB 61.83 million, including property, service areas, and gas stations.
• Goods & Service Procurement: RMB 61.89 million, such as property management, shuttle buses, office supplies, and food.
• Engineering Services: RMB 204.74 million, for design, supervision, testing, and construction (excluding open-tender projects).
• Network Fee Services: RMB 53.73 million, for toll and digital services.

2. Major Changes and Impact for Investors

• Notably, engineering procurement via open tender means a significant drop in related-party engineering transactions for 2026. Large projects such as the “Fifteenth Five-Year” overhaul and Huai-Jie expansion, totaling over RMB 450 million, are not included in this estimate.
• Financial services, raw materials, and certain projects are reviewed separately, not affecting the current estimate.
• The company is mitigating compliance risks and improving project execution by using framework agreements and shareholder review for major projects.
• Management asserts these transactions will not harm minority shareholders or the company’s financial health.
• According to SSE rules, no shareholder or independent shareholder vote is required for these related-party transactions.

3. Comprehensive Related Party Disclosure

The report includes all major related parties’ profiles, unaudited 2025 revenues, profits, relationship to the company, and performance capability. Key parties include Anhui Transport Holding Group, Anlian, Yida Group, Highway Petrochemical, Construction, Design Institute, Network Company, etc. All are controlled by the parent group.

4. Pricing and Risk Controls

• All related transactions follow market-based, fair pricing, using third-party benchmarks when possible.
• Engineering services are priced via bidding.
• Actual transaction values may deviate from estimates, especially for activities subject to tendering.

5. Impact on Company Independence

Both the board and independent directors affirm that these transactions do not undermine corporate independence or create undue reliance on related parties.

What Investors Should Watch

• The sharp projected drop in related-party transactions for 2026 is driven by regulatory and procurement changes and may affect revenue/profit structure.
• Large-scale projects (financial, engineering, procurement) are now disclosed separately – their ongoing performance is critical to watch.
• Wide-ranging cooperation with affiliates signals high integration but no excessive reliance, per management’s statement.

Disclaimer

This news article is prepared solely based on public company disclosures for reference only and does not constitute investment advice. Investors should consider additional information and their circumstances before making decisions.

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