Core Points - The board of directors of Changjiang Investment Company held its sixth meeting of the ninth session on August 25, 2025, where all seven directors were present, and the meeting complied with relevant regulations [1][2] Group 1: Financial Reporting - The board approved the 2025 semi-annual report and its summary, which was reviewed by the audit committee [1] Group 2: Governance Changes - The board approved the proposal to cancel the supervisory board and amend the company's articles of association in accordance with the revised Company Law and relevant regulations [2] - The board approved the amendments to the rules of procedure for the shareholders' meeting [3] - The board approved the amendments to the rules of procedure for the board of directors [3] - The board approved the amendments to the independent director system [3] - The board approved the amendments to the implementation rules for related party transactions [3] Group 3: Upcoming Events - The board approved the proposal to hold the first extraordinary shareholders' meeting of 2025 on September 12, 2025, in Shanghai [4]

Group 1 - The company reported a significant decline in revenue for the first half of 2025, achieving an operating income of 89,484,940.92 yuan, which represents a year-on-year decrease of 74.63% [2] - The net profit attributable to shareholders of the listed company was -9,604,749.86 yuan, indicating a loss [2]

Group 1 - The company, Changjiang Investment (600119), announced that it will hold its first extraordinary general meeting of shareholders on September 12, 2025 [1] - The agenda for the meeting includes the proposal to cancel the supervisory board and amend the company's articles of association [1]

Financial Performance - For the first half of 2025, the company's operating revenue was approximately 89.48 million, a significant decrease from 352.77 million in the same period last year [1] - The net profit attributable to shareholders was -9.60 million, improving from -15.07 million year-on-year [1] - The net cash flow from operating activities was 23.97 million, showing a year-on-year increase of 6.4% [26] Profitability Metrics - The weighted average return on equity for the first half of 2025 was -7.51%, an increase of 0.07 percentage points compared to the previous year [25] - The company's gross profit margin and net profit margin have shown fluctuations, with the gross profit margin for the first half of 2025 being lower than the industry average [18][19] Asset and Liability Changes - As of the end of the first half of 2025, accounts receivable decreased by 28.66%, while cash and cash equivalents increased by 3.63% [39] - Contract liabilities increased by 42.36%, indicating a rise in obligations [42] Shareholder Structure - The largest shareholder is Changjiang Economic United Development (Group) Co., Ltd., holding 45.83% of the total shares [52] - There have been changes in the shareholding proportions of several key shareholders, with some increasing and others decreasing their stakes [52] Valuation Metrics - As of August 25, 2025, the company's price-to-earnings ratio (TTM) was approximately -49.18, and the price-to-book ratio (LF) was about 27.47 [1] - The price-to-sales ratio (TTM) was around 14, indicating a high valuation relative to sales [1]

Core Viewpoint - Changjiang Investment (600119.SH) reported a significant decline in revenue for the first half of 2025, indicating potential challenges in its operational performance [1] Financial Performance - The company's operating revenue for the first half of 2025 was 89.4849 million yuan, representing a year-on-year decrease of 74.63% [1] - The net loss attributable to shareholders of the listed company was 9.6047 million yuan, which shows a narrowing compared to the previous year [1] - The net loss attributable to shareholders after deducting non-recurring gains and losses was 10.5662 million yuan [1] - The basic loss per share was 0.026 yuan [1]

Company Overview - Changjiang Investment (SH 600119) announced a board meeting held on August 25, 2025, to review the proposal for amending the company's board meeting rules [1] - As of the report, Changjiang Investment has a market capitalization of 3.4 billion yuan [1] Financial Performance - For the year 2024, the revenue composition of Changjiang Investment is as follows: transportation industry accounts for 79.07%, industrial sector for 20.49%, and other businesses for 0.44% [1]

Core Viewpoint - Changjiang Investment reported a significant decline in revenue and an increase in net loss for the first half of 2025 compared to the previous year [1] Financial Performance - For the first half of 2025, the company recorded an operating revenue of approximately 89.48 million yuan, a decrease of 74.63% year-on-year [1] - The net profit attributable to shareholders was a loss of approximately 9.6 million yuan, with basic earnings per share showing a loss of 0.026 yuan [1] - In comparison, for the same period in 2024, the operating revenue was approximately 353 million yuan, with a net loss of about 15.07 million yuan and basic earnings per share loss of 0.041 yuan [1] Market Capitalization - As of the report date, Changjiang Investment's market capitalization stood at 3.4 billion yuan [1]

长发集团长江投资实业股份有限公司 长发集团长江投资实业股份有限公司章程 （2025 年修订） （经公司九届六次董事会审议通过，自 2025 年第一次临时股东大会批准 后生效） 1 长发集团长江投资实业股份有限公司 公司章程目录 第一章 总 则 第二章 经营宗旨和范围 第三章 股 份 第四章 股东和股东会 第五章 董事和董事会 第六章 党组织 第七章 高级管理人员 第八章 财务会计制度、利润分配和审计 第九章 通知与公告 2 第一节 股份发行 第二节 股份增减和回购 第三节 股份转让 第一节 股东的一般规定 第二节 控股股东和实际控制人 第三节 股东会的一般规定 第四节 股东会的召集 第五节 股东会的提案与通知 第六节 股东会的召开 第七节 股东会的表决和决议 第一节 董事的一般规定 第二节 董事会 第三节 独立董事 第四节 董事会专门委员会 第一节 党组织机构设置和人员配置 第二节 党组织的职权 第三节 加强党的领导和完善公司治理 第一节 财务会计制度 第二节 内部审计 第三节 会计师事务所的聘任 长发集团长江投资实业股份有限公司 第一节 通 知 第二节 公 告 第十章 合并、分立、增资、减资、解散和清算 第 ...

长发集团长江投资实业股份有限公司 长发集团长江投资实业股份有限公司 股东会议事规则 （经公司九届六次董事会审议通过，自 2025 年第一次临时股东大会批准后生效） 第一章 总 则 第一条 为规范长发集团长江投资实业股份有限公司（以下简称"公司"）行为， 保证股东会依法行使职权，确保股东会平稳、有序、规范运作，根据《中华人民共 和国公司法》（以下简称《公司法》）、《中华人民共和国证券法》（以下简称《证券法》）、 《上海证券交易所股票上市规则》（以下简称《上市规则》）、《上市公司股东会规则》 等规定，制定本规则。 第二条 公司股东会的召集、提案、通知、召开等事项适用本规则。 第三条 公司应当严格按照法律、行政法规、本规则及公司章程的相关规定召开 股东会，保证股东能够依法行使权利。 公司董事会应当切实履行职责，认真、按时组织股东会。公司全体董事应当勤 勉尽责，确保股东会正常召开和依法行使职权。 第四条 股东会应当在《公司法》和公司章程规定的范围内依法行使职权。 第五条 股东会分为年度股东会和临时股东会。年度股东会每年召开一次，应当 于上一会计年度结束后的六个月内举行。临时股东会不定期召开，出现《公司法》 第一百一十 ...

长发集团长江投资实业股份有限公司 长发集团长江投资实业股份有限公司 董事会议事规则 （经公司九届六次董事会审议通过，自 2025 年第一次临时股东大会批准后生效） 第一章 总 则 第一条 为了进一步规范本公司董事会的议事方式和决策程序，促使董事和董 事会有效地履行其职责，提高董事会规范运作和科学决策水平，根据《公司法》《证 券法》《上市公司治理准则》和《上海证券交易所股票上市规则》等有关规定及公司 章程，制订本规则。 第二条 公司设董事会，董事会对股东会负责。在《公司法》《公司章程》和股 东会赋予的职权范围内行使职权。董事会由 7 或 9 名董事组成，设董事长 1 名，独 立董事 3 名。 第三条 公司董事应当遵守并保证公司遵守法律法规、上海证券交易所相关规 定和公司章程，忠实、勤勉履职，严格履行其作出的各项声明和承诺，切实履行报 告和信息披露义务，维护公司和全体股东利益，并积极配合上海证券交易所的日常 监管。 第四条 董事会下设董事会办公室，处理董事会日常事务。董事会秘书兼任董事 会办公室负责人，负责董事会会议的组织和协调工作，包括安排会议议程、准备会 议文件、组织会议召开、负责会议记录及会议决议、纪要的起 ...