Core Viewpoint - Changan Minsheng Logistics (01292) reported a slight decrease in revenue but a significant increase in net profit for the six months ending June 30, 2025 [1] Financial Performance - The company achieved a revenue of 4.164 billion RMB, a year-on-year decrease of 0.03% [1] - Net profit attributable to shareholders was 41.48 million RMB, reflecting a year-on-year increase of 41.76% [1] - Basic earnings per share were 0.23 RMB [1] - A mid-term cash dividend of 0.05 RMB per share (tax included) is proposed [1] Revenue Breakdown - Revenue from complete vehicle transportation, commodity sales, and automotive raw materials and parts supply chain management were 2.19 billion RMB, 485 million RMB, and 1.488 billion RMB, respectively [1] - These segments accounted for approximately 52.59%, 11.66%, and 35.75% of total revenue, compared to 46.19%, 20.66%, and 33.15% for the same period ending June 30, 2024 [1]

Core Insights - The company reported an unaudited revenue of RMB 4.164 billion for the six months ending June 30, 2025, representing a slight year-on-year decrease of approximately 0.03% [1] - The profit attributable to equity holders of the parent company was RMB 41.48 million, an increase of RMB 12.22 million compared to the unaudited profit of RMB 29.26 million for the same period in 2024 [1] - The basic earnings per share were RMB 0.23 [1]

EF001 第 1 頁 共 2 頁 v 1.1.1 EF001 免責聲明 | 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 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。 | | | --- | --- | | 股票發行人現金股息公告 | | | 發行人名稱 | 重慶長安民生物流股份有限公司 | | 股份代號 | 01292 | | 多櫃檯股份代號及貨幣 | 不適用 | | 相關股份代號及名稱 | 不適用 | | 公告標題 截至2025年6月30日止6個月之中期股息 | | | 公告日期 | 2025年8月28日 | | 公告狀態 | 新公告 | | 股息信息 | | | 股息類型 | 中期（半年期） | | 股息性質 | 普通股息 | | 財政年末 | 2025年12月31日 | | 宣派股息的報告期末 | 2025年6月30日 | | 宣派股息 | 每 股 0.05 RMB | | 股東批准日期 | 有待公佈 | | 香港過戶登記處相關信息 | | | 派息金額及公司預設派發貨幣 | 有待公佈 ...

[Summary](index=1&type=section&id=Summary) The company reported a slight revenue decrease but a **41.76% increase in profit** attributable to parent company shareholders in H1 2025 2025 H1 Key Financial Data | Indicator | Jan-Jun 2025 (RMB) | Jan-Jun 2024 (RMB) | Change (RMB) | Change Ratio | | :--- | :--- | :--- | :--- | :--- | | Revenue | 4,163,714,743.93 | 4,165,152,715.24 | -1,437,971.31 | -0.03% | | Profit attributable to equity holders of the parent company | 41,480,009.64 | 29,260,117.19 | 12,219,892.45 | 41.76% | | Basic earnings per share | 0.23 | 0.18 | 0.05 | 27.78% | | Interim cash dividend (per share) | 0.05 (tax inclusive) | None | N/A | N/A | [Interim Results (Unaudited)](index=2&type=section&id=Interim%20Results%20%28Unaudited%29) The Group's H1 2025 unaudited results show increased assets and equity, significant net profit growth, and decreased operating cash flow [Consolidated and Company Balance Sheet](index=3&type=section&id=Consolidated%20and%20Company%20Balance%20Sheet) As of June 30, 2025, total assets increased by **1.70%**, driven by cash and contract assets, while equity attributable to parent company shareholders grew by **6.98%** Consolidated Balance Sheet Key Data (As of June 30, 2025) | Indicator | June 30, 2025 (RMB) | Dec 31, 2024 (RMB) | Change (RMB) | Change Ratio | | :--- | :--- | :--- | :--- | :--- | | **Total Assets** | 5,285,214,208.63 | 5,196,726,047.16 | 88,488,161.47 | 1.70% | | Total Current Assets | 3,960,804,234.77 | 3,830,000,817.43 | 130,803,417.34 | 3.42% | | Total Non-current Assets | 1,324,409,973.87 | 1,366,725,229.73 | -42,315,255.86 | -3.10% | | **Total Liabilities** | 2,942,201,066.09 | 2,990,079,928.74 | -47,878,862.65 | -1.60% | | Total Current Liabilities | 2,834,725,498.16 | 2,880,016,920.99 | -45,291,422.83 | -1.57% | | Total Non-current Liabilities | 107,475,567.93 | 110,063,007.75 | -2,587,439.82 | -2.35% | | **Total Equity attributable to parent company shareholders** | 2,190,391,592.85 | 2,047,499,190.00 | 142,892,402.85 | 6.98% | | Minority Interests | 152,621,549.69 | 159,146,928.42 | -6,525,378.73 | -4.10% | | **Total Shareholders' (or Owners') Equity** | 2,343,013,142.54 | 2,206,646,118.42 | 136,367,024.12 | 6.18% | [Consolidated and Company Income Statement](index=5&type=section&id=Consolidated%20and%20Company%20Income%20Statement) For H1 2025, revenue slightly decreased by **0.03%**, but net profit attributable to parent company shareholders significantly increased by **41.76%** Consolidated Income Statement Key Data (For the 6 months ended June 30, 2025) | Indicator | Jan-Jun 2025 (RMB) | Jan-Jun 2024 (RMB) | Change (RMB) | Change Ratio | | :--- | :--- | :--- | :--- | :--- | | Operating Revenue | 4,163,714,743.93 | 4,165,152,715.24 | -1,437,971.31 | -0.03% | | Operating Costs | 3,932,988,741.91 | 3,974,282,672.99 | -41,293,931.08 | -1.04% | | Operating Profit | 90,001,166.52 | 42,630,898.06 | 47,370,268.46 | 111.12% | | Total Profit | 67,306,109.76 | 43,320,740.93 | 23,985,368.83 | 55.37% | | Net Profit | 43,476,775.16 | 31,219,294.40 | 12,257,480.76 | 39.26% | | Net Profit attributable to parent company shareholders | 41,480,009.64 | 29,260,117.19 | 12,219,892.45 | 41.76% | | Basic Earnings Per Share (RMB) | 0.23 | 0.18 | 0.05 | 27.78% | [Consolidated and Company Cash Flow Statement](index=6&type=section&id=Consolidated%20and%20Company%20Cash%20Flow%20Statement) For H1 2025, net cash from operating activities significantly decreased by **94.58%**, while net cash from financing activities turned positive Consolidated Cash Flow Statement Key Data (For the 6 months ended June 30, 2025) | Indicator | Jan-Jun 2025 (RMB) | Jan-Jun 2024 (RMB) | Change (RMB) | Change Ratio | | :--- | :--- | :--- | :--- | :--- | | Net cash flow from operating activities | 18,267,940.31 | 336,795,976.42 | -318,528,036.11 | -94.58% | | Net cash flow from investing activities | -34,415,768.20 | 70,054,444.84 | -104,470,213.04 | -149.12% | | Net cash flow from financing activities | 103,905,254.35 | -44,465,091.09 | 148,370,345.44 | 333.70% | | Net increase in cash and cash equivalents | 87,762,394.42 | 362,387,659.82 | -274,625,265.40 | -75.78% | | Cash and cash equivalents at end of period | 1,069,984,323.12 | 1,211,722,172.80 | -141,737,849.68 | -11.70% | [Consolidated Statement of Changes in Equity](index=7&type=section&id=Consolidated%20Statement%20of%20Changes%20in%20Equity) For H1 2025, total equity attributable to parent company shareholders increased by **RMB 142,892,402.85**, driven by increases in share capital and capital reserves Consolidated Statement of Changes in Equity (For the 6 months ended June 30, 2025) | Item | June 30, 2025 (RMB) | Dec 31, 2024 (RMB) | Change (RMB) | | :--- | :--- | :--- | :--- | | Share Capital | 202,064,000.00 | 162,064,000.00 | 40,000,000.00 | | Capital Reserve | 128,004,708.41 | 67,079,415.05 | 60,925,293.36 | | Retained Earnings | 1,737,356,403.09 | 1,695,876,393.45 | 41,480,009.64 | | Total Equity attributable to parent company shareholders | 2,190,391,592.85 | 2,047,499,190.00 | 142,892,402.85 | [Company Statement of Changes in Equity](index=9&type=section&id=Company%20Statement%20of%20Changes%20in%20Equity)

Core Viewpoint - Chang'an Minsheng Logistics (01292) reported a pre-tax profit of approximately RMB 60 million to RMB 70 million for the six months ending June 30, 2025, compared to a pre-tax profit of RMB 43.32 million in the same period of 2024 [1] Group 1: Financial Performance - The company experienced a significant increase in pre-tax profit, attributed to various factors including market expansion and new customer acquisition [1] - Revenue for the first half of 2024 was approximately RMB 4.165 billion, excluding RMB 420 million from Shenyang Changyou Supply Chain Co., Ltd., which will no longer be consolidated after the sale of its stake in September 2024 [1] Group 2: Operational Improvements - The increase in pre-tax profit is also due to a rise in gross profit margin year-on-year [1] - The company has implemented a "cost reduction initiative" aimed at enhancing cost control through technological and model innovations [1]

Core Viewpoint - The company, Chang'an Minsheng Logistics (01292.HK), expects a pre-tax profit of RMB 60 million to RMB 70 million for the six months ending June 30, 2025, showing an increase from approximately RMB 43.32 million in the same period of 2024 [1] Financial Performance - The anticipated growth in pre-tax profit is attributed to several factors, including the active exploration of new markets and customers, leading to a year-on-year increase in revenue [1] - The revenue for the first half of 2024 was approximately RMB 4.165 billion, excluding the revenue of RMB 420 million from Shenyang Changyou Supply Chain Co., Ltd., which will no longer be consolidated after the company's equity sale in September 2024 [1] Operational Strategy - The company has seen an increase in gross profit margin year-on-year [1] - Significant efforts have been made in technological and model innovation, including the implementation of a cost-leading initiative called "Extreme Cost Reduction Hurricane Action" to enhance cost control [1]

Core Viewpoint - Changan Minsheng Logistics (01292) reported a projected pre-tax profit of approximately RMB 60 million to RMB 70 million for the six months ending June 30, 2025, compared to a pre-tax profit of approximately RMB 43.32 million in the same period of 2024 [1] Summary by Relevant Categories Financial Performance - The company anticipates a significant increase in pre-tax profit, driven by various factors including revenue growth and improved gross margin [1] - The projected revenue for the first half of 2024 is approximately RMB 4.165 billion, excluding RMB 420 million from Shenyang Changyou Supply Chain Co., Ltd., which will no longer be consolidated after the sale of its equity in September 2024 [1] Strategic Initiatives - The board attributes the profit growth to the company's active exploration of new markets and customers, leading to increased operating income [1] - The company has implemented a "cost-leading special project" called "Extreme Cost Reduction Hurricane Action," focusing on technological and model innovation to enhance cost control [1]

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之內容概不負責 ， 對其準確性或完整性亦 不發表任何聲明 ， 並明確表示概不就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之任何 損失承擔任何責任。 重慶長安民生物流股份有限公司 Changan Minsheng APLL Logistics Co., Ltd.* （在中華人民共和國註冊成立的股份有限公司） （股份代號：01292） 盈利預喜 本公告乃由重慶長安民生物流股份有限公司（「本公司」，連同其附屬公司，統稱「本集團」） 根據《香港聯合交易所有限公司證券上市規則》（「上市規則」）第13.09(2)(a)條及《證券及 期貨條例》第XIVA部項下內幕消息條文（定義見上市規則）作出。 本公司董事會（「董事會」）謹此通知本公司股東（「股東」）及潛在投資者，根據本集團最 新未經審計綜合管理層賬目及現時所獲資料，董事會預計，於截至2025年6月30日止6個月期 間，本集團錄得除稅前溢利介乎人民幣6,000萬元至人民幣7,000萬元（2024年同期本集團錄得 除稅前溢利约為人民幣4,332萬元）。 1 務請股東及本公司潛在投資者於買賣本公司證券時審慎行 ...

董事會召開日期 重慶長安民生物流股份有限公司（「本公司」）之董事會（「董事會」）謹此宣佈，董事會會 議將於2025年8月28日（星期四）舉行，以便（其中包括）考慮及批准本公司及其附屬公司截 至2025年6月30日止六個月之未經審核中期綜合業績及批准中期業績初步公告。 承董事會命 重慶長安民生物流股份有限公司 謝世康 董事長 中國，重慶 2025年8月11日 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之內容概不負責 ， 對其準確性或完整性亦 不發表任何聲明 ， 並明確表示概不就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之任何 損失承擔任何責任。 重慶長安民生物流股份有限公司 Changan Minsheng APLL Logistics Co., Ltd.* （在中華人民共和國註冊成立的股份有限公司） （股份代號：01292） 於本公告刊發日期，本公司的董事包括：（ 1 ）執行董事謝世康先生及萬年勇先生；（ 2 ）非執 行董事譚紅斌先生、陳文波先生及顧道坤先生；（ 3 ）獨立非執行董事黎明先生、文永邦先生 及陳靜女士。 * 僅供識別 1 ...

长安民生物流(01292)公布，因工作安排发生变动，王怀成先生已辞任公司第六届监事会主席及股东代 表监事职务，自2025年8月8日起生效。 ...