Core Viewpoint - The announcement from Ruimaotong Supply Chain Management Co., Ltd. indicates that its controlling shareholder, Zhengzhou Ruimaotong Supply Chain Co., Ltd., has had its shares frozen, raising concerns about the company's financial stability and governance [2][4]. Group 1: Shareholder Information - Zhengzhou Ruimaotong holds 554 million shares of Ruimaotong, accounting for 51.02% of the total share capital [4] - The shares subject to provisional freezing amount to 737 million, representing 132.85% of the shares held by Zhengzhou Ruimaotong and 67.79% of Ruimaotong's total share capital [4] - The total shares held by Zhengzhou Ruimaotong and its concerted parties is 688 million, which is 63.35% of Ruimaotong's total share capital [4] Group 2: Legal and Financial Issues - A total of 456 million shares have been judicially marked, which is 66.19% of the shares held by Zhengzhou Ruimaotong and 41.93% of Ruimaotong's total share capital [4] - 130 million shares have been judicially frozen, accounting for 18.89% of the shares held by Zhengzhou Ruimaotong and 11.97% of Ruimaotong's total share capital [4] - Since the end of October, Ruimaotong has issued five announcements regarding the judicial freezing and marking of shares by its controlling shareholder [4] Group 3: Financial Performance - As of December 4, Ruimaotong and its subsidiaries have overdue debt principal totaling 1.093 billion yuan, which constitutes 13.86% of the most recent audited net assets [5] - For the first three quarters, Ruimaotong reported revenue of 16.014 billion yuan, a year-on-year decrease of 28.97%, and a net profit of 74.76 million yuan, down 40.34% year-on-year [8] Group 4: Company Overview - Ruimaotong primarily engages in coal wholesale, with its main business covering coal, petroleum products, and agricultural product supply chain management, as well as energy processing and international logistics [6]

Core Viewpoint - Rui Maotong Supply Chain Management Co., Ltd. received a regulatory work letter on December 19, 2025, outlining requirements for information disclosure [1] Group 1: Regulatory Actions - The regulatory measure taken is classified as a "regulatory work letter" [1] - The subjects involved include the listed company, its directors, senior management, and controlling shareholders [1] - The reason for the action is to clarify regulatory requirements regarding the company's information disclosure [1] Group 2: Impact on Operations - As of the announcement, the company has not specified the direct impact of the regulatory work letter on its daily operations [1]

| 证券代码：600180 | 证券简称：瑞茂通 | 公告编号：2025-079 | | --- | --- | --- | | 债券代码：255290.SH | | 债券简称：24 瑞茂 01 | | 债券代码：255553.SH | | 债券简称：24 瑞茂 02 | 瑞茂通供应链管理股份有限公司 关于公司及子公司涉及诉讼的公告 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： 截至本公告披露日，本次诉讼尚未开庭审理，后续判决结果尚存在不确定性， 对公司本期利润或期后利润的影响存在不确定性，最终影响以法院判决或执行结 果为准。公司将持续关注案件进展情况，严格按照相关规定及时履行信息披露义 务，公司指定的信息披露媒体为《中国证券报》、《上海证券报》以及上海证券 交易所网站（www.sse.com.cn），有关本公司的信息均以在上述指定媒体刊登的 信息为准，请广大投资者理性投资，注意投资风险。 一、本次诉讼的基本情况 瑞茂通供应链管理股份有限公司（以下简称"公司"或"瑞茂通"）旗下全 资子公司河南瑞茂通粮油有限公 ...

Core Viewpoint - The company, 瑞茂通, is facing a legal dispute involving its subsidiaries and 河南农村商业银行 regarding loan repayment obligations totaling approximately 5.98 billion RMB [1] Group 1: Legal Proceedings - The company's wholly-owned subsidiary, 河南瑞茂通粮油有限公司, received a lawsuit notification from the Zhengzhou Intermediate People's Court concerning financial loan contract disputes [1] - 河南农商行 has filed a lawsuit requesting repayment of principal and interest from the subsidiaries 郑州卓瑞 and 郑州嘉瑞, amounting to 2.89 billion RMB and 110 million RMB, and 2.09 billion RMB and 67.66 million RMB respectively [1] - The company has signed a guarantee contract with 河南农商行, and 河南粮油公司 has committed to a joint repayment agreement [1]

Core Viewpoint - 瑞茂通's stock price has experienced a decline of 6.68% this year, with significant fluctuations in trading volume and shareholder activity, indicating potential challenges in its financial performance and market perception [2][3]. Group 1: Stock Performance - On December 19, 瑞茂通's stock rose by 2.05%, reaching 3.98 CNY per share, with a trading volume of 44.57 million CNY and a turnover rate of 1.04%, resulting in a total market capitalization of 4.325 billion CNY [1]. - Year-to-date, 瑞茂通's stock has decreased by 6.68%, with a 0.50% drop over the last five trading days, a 10.56% decline over the last 20 days, and a 13.67% decrease over the last 60 days [2]. Group 2: Financial Performance - For the period from January to September 2025, 瑞茂通 reported a revenue of 16.014 billion CNY, a year-on-year decrease of 28.97%, and a net profit attributable to shareholders of 74.76 million CNY, down 40.34% year-on-year [3]. - The company has distributed a total of 1.143 billion CNY in dividends since its A-share listing, with 300 million CNY distributed over the past three years [4]. Group 3: Shareholder Activity - As of September 30, 2025, 瑞茂通 had 29,000 shareholders, a decrease of 15.55% from the previous period, with an average of 37,480 circulating shares per shareholder, an increase of 18.41% [3]. - The top ten circulating shareholders include Hong Kong Central Clearing Limited, which holds 6.4675 million shares, a decrease of 1.9565 million shares from the previous period, and a new shareholder, Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund, holding 3.093 million shares [4].

| 证券代码：600180 | 证券简称：瑞茂通 | 公告编号：2025-078 | | | | --- | --- | --- | --- | --- | | 债券代码：255290.SH | | 债券简称：24 | 瑞茂 | 01 | | 债券代码：255553.SH | | 债券简称：24 | 瑞茂 | 02 | 瑞茂通供应链管理股份有限公司 关于控股股东股份被轮候冻结的公告 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。 郑州瑞茂通及其一致行动人上海豫辉投资管理中心（有限合伙）（以下 简称" 上海豫辉"）、万永兴先生、刘轶先生合计持有公司股份数为 688,371,836 股，占公司总股本 1,086,627,464 股的 63.35%。郑州瑞茂通及其 一致行动人累计被司法标记股份 455,650,000 股，占其所持股份数的 66.19%， 占公司总股本的 41.93%；累计被司法冻结股份 130,043,265 股，占其所持股份 数的 18.89%，占公司总股本的 11.97%；累计被轮候冻结股份 4,102,145 ...

Core Viewpoint - The announcement reveals that the controlling shareholder of Ruimaotong holds 554 million shares, representing 51.02% of the total share capital, while 737 million shares are under judicial freezing, which is 132.85% of the shares held by the shareholder and 67.79% of the total share capital [1] Group 1 - The controlling shareholder, Zhengzhou Ruimaotong, holds 554 million shares, accounting for 51.02% of the company's total share capital [1] - A total of 737 million shares are subject to judicial freezing, which constitutes 132.85% of the shares held by the controlling shareholder and 67.79% of the company's total share capital [1] - The reason for the freezing is due to judicial proceedings involving courts in Ningbo, Shanxi Province, and Taiyuan [1] Group 2 - The company states that the freezing of shares will not significantly impact its control, equity structure, or corporate governance [1] - However, the high proportion of shares marked, frozen, and under judicial proceedings may pose risks to the stability of the company's control if further judicial actions are taken [1] - The controlling shareholder is actively working to resolve the related issues [1]

瑞茂通公告称，公司控股股东郑州瑞茂通持有公司股份5.54亿股，占总股本51.02%，本次被轮候冻结股 份7.37亿股，占其所持股份数的132.85%，占总股本的67.79%。郑州瑞茂通及其一致行动人合计持股 6.88亿股，占总股本63.35%，累计被司法标记股份4.56亿股，累计被司法冻结股份1.30亿股，累计被轮 候冻结股份41.02亿股。公司与控股股东保持独立，本次轮候冻结对公司影响不大，但后续如涉及司法 处置，或影响控制权稳定。 ...

郑州瑞茂通及其一致行动人上海豫辉投资管理中心（有限合伙）（以下 简称" 上海豫辉"）、万永兴先生、刘轶先生合计持有公司股份数为 688,371,836 股，占公司总股本 1,086,627,464 股的 63.35%。郑州瑞茂通及其 一致行动人累计被司法标记股份 455,650,000 股，占其所持股份数的 66.19%， 占公司总股本的 41.93%；累计被司法冻结股份 130,043,265 股，占其所持股份 数的 18.89%，占公司总股本的 11.97%；累计被轮候冻结股份 3,365,567,298 股， 占其所持股份数的 488.92%，占公司总股本的 309.73%。 公司于近日获悉控股股东郑州瑞茂通持有的公司股份被轮候冻结，具体情 况如下： 一、股份被冻结和标记的情况 瑞茂通供应链管理股份有限公司（以下简称"公司"或"上市公司"） 控股股东郑州瑞茂通供应链有限公司（以下简称"郑州瑞茂通"或"控股股 东"）持有公司股份 554,443,265 股，占公司总股本 1,086,627,464 股的 51.02%。郑州瑞茂通本次被轮候冻结股份 2,217,773,060 股，占其所持股份数 的 400 ...

Core Viewpoint - The A-share market shows a mixed performance with a slight increase in the Shanghai Composite Index, while several stocks are experiencing a death cross between their 5-day and 10-day moving averages, indicating potential bearish trends [1] Group 1: Market Overview - As of 10:30 AM, the Shanghai Composite Index is at 3921.77 points, with a change of 0.49% [1] - The total trading volume of A-shares today is 981.369 billion yuan [1] Group 2: Stocks with Death Cross - A total of 315 A-shares have seen their 5-day moving averages cross below their 10-day moving averages [1] - Notable stocks with significant distance between their 5-day and 10-day moving averages include: - China Merchants Energy (招商轮船) with a distance of -2.04% [1] - Chlor-alkali Chemical (氯碱化工) at -1.69% [1] - Tianci Materials (天赐材料) at -1.47% [1] Group 3: Individual Stock Performance - China Merchants Energy (601872) is down 1.20% with a latest price of 8.22 yuan, which is 6.01% below its 10-day moving average [1] - Chlor-alkali Chemical (600618) has decreased by 2.61%, with a latest price of 12.29 yuan, 4.09% below its 10-day moving average [1] - Tianci Materials (002709) increased by 1.74%, with a latest price of 39.26 yuan, 2.37% below its 10-day moving average [1]