长发集团长江投资实业股份有限公司2025 年半年度报告 公司代码：600119 公司简称：长江投资 长发集团长江投资实业股份有限公司 2025 年半年度报告 1 / 160 长发集团长江投资实业股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人鲁国锋、主管会计工作负责人陈建霖及会计机构负责人（会计主管人员）顾磊 声明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本半年度报告内容涉及的未来计划、规划等前瞻性陈述，因存在不确定性，不构成对投资者 的实质承诺，请投资者注意投资风险。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的真实性、准 ...

证券代码：600119 证券简称：长江投资 公告编号：临 2025-026 长发集团长江投资实业股份有限公司 关于召开2025年第一次临时股东大会的通知 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、 召开会议的基本情况 (一)股东大会类型和届次 2025年第一次临时股东大会 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 9 月 12 日 14 点 00 分 召开地点：上海市青浦区佳杰路 99 弄 A2 栋会议中心小报告厅 (五)网络投票的系统、起止日期和投票时间。 股东大会召开日期：2025年9月12日 本次股东大会采用的网络投票系统：上海证券交易所股东大会网络投票 系统 (二)股东大会召集人：董事会 (三)投票方式：本次股东大会所采用的表决方式是现场投票和网络投票相结合的 方式 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：自2025 年 9 月 12 日 至2025 年 9 月 12 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股 ...

证券之星消息，8月19日物流板块较上一交易日下跌0.06%，嘉诚国际领跌。当日上证指数报收于 3727.29，下跌0.02%。深证成指报收于11821.63，下跌0.12%。物流板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 603535 | 嘉诚国际 | 12.23 | -4.00% | 26.03万 | | 3.18亿 | | 002492 | 恒基达整 | 7.33 | -2.27% | 17.41万 | 1.28亿 | | | 001202 | 炬申股份 | 15.42 | -1.91% | 25.32万 | | 4.03亿 | | 002485 | ST雪发 | 3.79 | -1.30% | 2.95万 | 1126.25万 | | | 603056 | 德邦股份 | 16.72 | -1.12% | 20.21万 | | 3.39 Z | | 603713 | 密尔克卫 | 60.70 | -0.98% | 3.40万 | | 2.07亿 | ...

Core Viewpoint - As of August 7, 2025, Changjiang Investment (600119) closed at 9.04 yuan, marking a 3.67% increase, with significant trading activity and mixed capital flows [1][2]. Group 1: Stock Performance - On August 7, 2025, the stock price increased by 3.67% to 9.04 yuan, with a trading volume of 154,800 hands and a total transaction value of 139 million yuan [1]. - The stock's turnover rate was 4.24%, indicating active trading [1]. Group 2: Capital Flow Analysis - On August 7, 2025, the net inflow of main funds was 16.51 million yuan, accounting for 11.89% of the total transaction value, while retail investors experienced a net outflow of 4.53 million yuan, representing 3.26% of the total [1][2]. - Over the past five days, the main funds showed fluctuating trends, with notable net inflows and outflows on different days [2]. Group 3: Financial Metrics and Industry Comparison - Changjiang Investment's total market value is 3.302 billion yuan, significantly lower than the logistics industry average of 18.086 billion yuan, ranking 42nd out of 54 [3]. - The company reported a net profit of -6.4857 million yuan for Q1 2025, a decline of 86.46% year-on-year, with a gross margin of 20.68%, which is above the industry average of 14.89% [3]. - The company's return on equity (ROE) stands at -4.83%, ranking last in the industry, while its price-to-earnings ratio (P/E) is -127.28, indicating negative earnings [3].

Market Performance - On August 4, the Shanghai State-Owned Enterprise Reform sector rose by 0.13% compared to the previous trading day, with Feilo Acoustics leading the gains [1] - The Shanghai Composite Index closed at 3583.31, up 0.66%, while the Shenzhen Component Index closed at 11041.56, up 0.46% [1] Top Gainers - Feilo Acoustics (600651) closed at 6.12, with a gain of 10.07% and a trading volume of 1.22 million shares, amounting to a transaction value of 724 million [1] - Huahong Semiconductor (688347) closed at 63.10, up 7.55%, with a trading volume of 284,100 shares and a transaction value of 1.777 billion [1] - Other notable gainers include: - Jiao Yun Co. (600676) at 5.52, up 5.75% [1] - Shenda Co. (600626) at 4.05, up 5.74% [1] Top Losers - Yihaitian (601595) closed at 36.39, down 7.87%, with a trading volume of 352,400 shares and a transaction value of 1.299 billion [2] - Electric Wind Power (688660) closed at 14.21, down 3.73%, with a trading volume of 630,600 shares [2] - Other notable losers include: - Huajian Group (600629) at 13.26, down 3.21% [2] - Bright Real Estate (600708) at 3.46, down 2.54% [2] Capital Flow - The Shanghai State-Owned Enterprise Reform sector experienced a net outflow of 1.036 billion from institutional investors, while retail investors saw a net inflow of 697 million [2] - Notable capital flows include: - Feilo Acoustics had a net inflow of 88.17 million from institutional investors, but a net outflow of 44.36 million from speculative funds [3] - Shanghai Construction Technology (603153) had a net inflow of 17.28 million from institutional investors, with a net outflow of 20.34 million from retail investors [3]

Core Viewpoint - As of August 1, 2025, Changjiang Investment (600119) closed at 8.51 yuan, marking a 2.41% increase, with a trading volume of 96600 lots and a transaction value of 82.22 million yuan [1] Group 1: Financial Performance - Changjiang Investment reported a total revenue of 43.10 million yuan for Q1 2025, representing a year-on-year decline of 83.94% [2] - The company recorded a net profit attributable to shareholders of -6.49 million yuan, down 86.46% year-on-year [2] - The company's gross profit margin stood at 20.68%, which is higher than the industry average of 14.89% [2] Group 2: Market Position and Ratios - The total market capitalization of Changjiang Investment is 3.108 billion yuan, significantly lower than the logistics industry average of 17.649 billion yuan, ranking 44th in the industry [2] - The price-to-earnings ratio (P/E) is -119.82, while the industry average is 44.46, placing the company at the bottom of the ranking [2] - The return on equity (ROE) is -4.83%, compared to the industry average of 1.39%, indicating a weak financial performance relative to peers [2] Group 3: Capital Flow Analysis - On August 1, 2025, the net inflow of main funds was 4.0173 million yuan, accounting for 4.89% of the total transaction value [1] - Retail investors experienced a net outflow of 7.4759 million yuan, representing 9.09% of the total transaction value on the same day [1] - Over the past five days, the stock has seen fluctuating capital flows, with significant net outflows from retail investors on multiple days [1]

证券代码：600119 证券简称：长江投资 公告编号：临 2025-022 长发集团长江投资实业股份有限公司 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 业绩预告具体适用于净利润为负值的情形。 ? 经财务部门初步测算，长发集团长江投资实业股份有限公司 （以下简称"公司"）预计2025年半年度实现归属于母公司所有者的 净利润为-1,200.00万元到-800.00万元。 ? 预计2025年半年度实现归属于母公司所有者的扣除非经常性 损益后的净利润为-1,300.00万元到-900.00万元。 一、本期业绩预告情况 （一）业绩预告期间 （二）业绩预告情况 经财务部门初步测算，预计2025年半年度实现归属于母公司所有 者的净利润为-1,200.00万元到-800.00万元，将出现亏损。 归属于母公司所有者的净利润：-1,506.50万元。 归属于母公司所有者的扣除非经常性损益的净利润：-1,449.56 万元。 （二）每股收益：-0.041元。 三、本期业绩预亏的主要原因 因上年度调整海运光伏国际货运代理业务 ...

长发集团长江投资实业股份有限公司2025年半年度业绩预亏公告 [Current Period Performance Forecast](index=1&type=section&id=I.%E3%80%81Current%20Period%20Performance%20Forecast) The company anticipates a net loss for the first half of 2025, both before and after deducting non-recurring items 2025 Semi-Annual Performance Forecast | Financial Metric | Projected Amount (RMB Million) | | :--- | :--- | | Net Profit Attributable to Owners of Parent Company | -12.00 to -8.00 | | Net Profit Attributable to Owners of Parent Company After Non-Recurring Items | -13.00 to -9.00 | [Prior Period Operating Performance and Financial Position](index=1&type=section&id=II.%E3%80%81Prior%20Period%20Operating%20Performance%20and%20Financial%20Position) The company anticipates a narrower net loss in the first half of 2025 compared to the prior year, which reported a net loss of **-15.065 million RMB** Prior Period (2024 Semi-Annual) Financial Data | Financial Metric | Amount (RMB) | | :--- | :--- | | Total Profit | -19.7175 million | | Net Profit Attributable to Owners of Parent Company | -15.065 million | | Net Profit Attributable to Owners of Parent Company After Non-Recurring Items | -14.4956 million | | Earnings Per Share | -0.041 | - Compared to the same period last year, the expected loss for the current period has **narrowed**[3](index=3&type=chunk)[6](index=6&type=chunk) [Primary Reasons for Current Period Performance Pre-Loss](index=2&type=section&id=III.%E3%80%81Primary%20Reasons%20for%20Current%20Period%20Performance%20Pre-Loss) The current period's loss is primarily due to business adjustments and key customer attrition, resulting in a substantial decline in related revenue - The core reason for the performance loss is a **significant decline in sales revenue** compared to the prior year due to business adjustments and termination of customer cooperation[7](index=7&type=chunk) - Specifically affected businesses include: - Adjustments to sea freight photovoltaic international cargo forwarding business - Termination of commercial vehicle logistics transportation, warehousing, and import customs declaration services by key customers[7](index=7&type=chunk) [Risk Warning and Other Explanatory Matters](index=2&type=section&id=IV.%E3%80%81Risk%20Warning) This performance forecast is a preliminary, unaudited financial estimate, and investors should refer to the official 2025 semi-annual report for final data and be aware of investment risks - This performance forecast is a **preliminary calculation** by the company's finance department, **unaudited** by certified public accountants, and subject to **uncertainty**[8](index=8&type=chunk) - The company advises investors to rely on the financial data in the **officially disclosed 2025 semi-annual report** and to be aware of **investment risks**[9](index=9&type=chunk)

Core Viewpoint - The company received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, primarily focusing on a lawsuit that has led to a qualified audit opinion due to the complexity of the case and the potential financial implications [1][2]. Group 1: Financial Reporting and Audit - The company's 2024 financial statements received a qualified audit opinion due to a lawsuit involving a claim for the return of distributed profits amounting to 152 million yuan, which represents 116% of the company's net assets attributable to shareholders [1][2]. - The company believes the lawsuit qualifies as a post-balance sheet adjustment matter under accounting standards, but it does not meet the criteria for recognizing a provision for expected liabilities [6][11]. - The audit team conducted various procedures, including reviewing litigation documents and consulting with legal counsel, but could not obtain sufficient evidence to determine the impact on the financial statements [10][11]. Group 2: Legal Proceedings - The lawsuit initiated by the Shanghai Changjiang United Metal Trading Center has progressed through the courts, with the company filing jurisdictional objections that were ultimately rejected [7][8]. - The company is actively preparing for evidence exchange scheduled for June 13, 2025, but the hearing was canceled, and further notifications from the court are awaited [7][8]. - The potential impact of the lawsuit on the company's financial performance remains uncertain, and the company will handle it according to relevant accounting standards as the case progresses [8][11]. Group 3: Business Performance - The company reported a significant decline in revenue for 2024, with total revenue of 507 million yuan, a decrease of 41.19% year-on-year, primarily due to a drop in logistics and warehousing services [20][21]. - The logistics and warehousing service revenue fell by 48.56%, while product sales revenue increased by 41.04%, indicating a shift in business dynamics [20][21]. - The company experienced substantial fluctuations in quarterly revenue, with the first quarter significantly outperforming subsequent quarters due to adjustments in business operations [29][30]. Group 4: Asset Impairment - The company recognized an impairment loss of 20.1 million yuan on intangible assets related to vehicle licenses, reflecting a decrease in demand for its logistics services [12][20]. - The assessment of the recoverable amount of the licenses was conducted by an external valuation firm, which determined the impairment was adequately accounted for [18][20]. - The decline in the utilization rate of vehicle licenses and the overall market conditions contributed to the impairment recognition [15][20].

关于对《关于长发集团长江投资实业股份有限公司 2024 年年度报告的信息披露监管问询函》 中有关问题的回复报告 上会业函字(2025)第 916 号 上海证券交易所上市公司管理一部: 我们收到长发集团长江投资实业股份有限公司（以下简称"长江投资"或"公 司") 转来贵部于 2025 年 6 月 6 日签发的《关于长发集团长江投资实业股份有限公司 2024 年年度报告的信息披露监管问询函》(上证公函[2025]0772 号 )（以下简称" 问询 函")，根据问询函的相关要求，对问询函中所提及的有关需要年审会计师核查并发 表意见的问题回复如下: 一、关于非标审计意见 公司 2024 年度财务报表审计报告被出具保留意见，系公司 2025 年 3 月 11 日收到上海铁路运输法院应诉通知书和上海长江联合金属交易中心有限公司（以下 简称金交中心）于 2024 年 12 月递交法院的民事起诉状,法院已受理该案件，金交 中心请求判令公司向其返还已分配利润合计 1.52 亿元。审计师认为因诉讼案件情况 复杂，未能获取充分、适当的审计证据以判断诉讼相关财务报表项目列报是否完整、 准确,也无法确定应调整金额及对财务报表项目的影响 ...