| 证券代码：600180 | 证券简称：瑞茂通 | 公告编号：2025-056 | | | --- | --- | --- | --- | | 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 2025 年度对外担保额度预计的进展公告 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市公司及其控股 | 1,523,348.6750 | | 子公司对外担保总额（万元） | | | 对外担保总额占上市公司最近一 | 193.11 | | 期经审计净资产的比例（%） | | | | 对外担保总额（含本次）超过上市公司最 近一期经审计净资产 50% | | --- | --- | | | 对外担保总额（含本次）超过上市公司最 | | 特别风险提示 | 近一期经审计净资产 100% | | | 对合并报表外单位担保总额（含本次）达 | | | 到或超过最近一期经审计净资产 30% | | | 70%的单位提供担 本次对资产负 ...

重要内容提示： | 证券代码：600180 | 证券简称：瑞茂通 | 公告编号：2025-057 | | | --- | --- | --- | --- | | 债券代码：255290.SH | | 债券简称：24 01 | 瑞茂 | | 债券代码：255553.SH | | 债券简称：24 02 | 瑞茂 | 瑞茂通供应链管理股份有限公司 关于召开2025年第二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。 一、 召开会议的基本情况 (一)股东大会类型和届次 2025年第二次临时股东大会 (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 (四)现场会议召开的日期、时间和地点 召开的日期时间：2025 年 10 月 14 日 14 点 30 分 召开地点：北京市西城区宣武门外大街 10 号庄胜广场中央办公楼南翼 11 层 瑞茂通供应链管理股份有限公司会议室 股东大会召开日期：2025年10月14日 本次股东大会采用的网络投票系统：上海证券交易所股 ...

Core Viewpoint - 瑞茂通 (600180) has indicated that investors should pay attention to the company's upcoming periodic reports for insights into its operational performance in the third quarter of 2025 [1] Company Summary - 瑞茂通 responded to investor inquiries on September 24, emphasizing the importance of future disclosures regarding its business conditions [1]

Core Viewpoint - 瑞茂通's stock price has shown volatility, with a year-to-date increase of 4.80% but a recent decline over the past five days of 5.29% and 4.68% over the past 20 days [2] Company Overview - 瑞茂通, established on June 25, 1998, and listed on July 3, 1998, is located in Beijing and specializes in coal supply chain management and financial services [2] - The company's revenue composition includes: 48.53% from supply chain management, 39.59% from coal supply chain, 8.95% from non-coal bulk commodities, 2.85% from agricultural product processing, and 0.08% from industrial internet platform services [2] - 瑞茂通 operates within the transportation and logistics sector, specifically in raw material supply chain services, and is associated with concepts such as small-cap, low-price, e-commerce, Belt and Road Initiative, and margin financing [2] Financial Performance - For the first half of 2025, 瑞茂通 reported revenue of 9.464 billion yuan, a year-on-year decrease of 34.16%, and a net profit attributable to shareholders of 56.9417 million yuan, down 64.70% year-on-year [2] - The company has distributed a total of 1.132 billion yuan in dividends since its A-share listing, with 290 million yuan distributed over the past three years [3] Shareholder Information - As of June 30, 2025, 瑞茂通 had 34,300 shareholders, an increase of 32.47% from the previous period, with an average of 31,653 circulating shares per shareholder, a decrease of 24.51% [2] - The seventh largest circulating shareholder is Hong Kong Central Clearing Limited, holding 8.4241 million shares, an increase of 1.2945 million shares from the previous period [3] Market Activity - On September 23, 瑞茂通's stock price fell by 2.18%, trading at 4.48 yuan per share with a total market capitalization of 4.868 billion yuan [1] - The net outflow of main funds was 1.3669 million yuan, with large orders buying 632,100 yuan (5.50% of total) and selling 1.9989 million yuan (17.41% of total) [1]

Core Points - Zhengzhou Ruimaotong Supply Chain Co., Ltd. holds 554,443,265 shares of Ruimaotong Supply Chain Management Co., Ltd., accounting for 51.02% of the total share capital of 1,086,627,464 shares [1] - The total number of pledged shares by Zhengzhou Ruimaotong is 424,400,000, which represents 76.55% of its holdings and 39.06% of the company's total share capital [1] - Zhengzhou Ruimaotong and its concerted parties hold a total of 688,371,836 shares, which is 63.35% of the total share capital, with a cumulative pledge of 544,750,000 shares, accounting for 79.14% of their holdings [1] - The share pledges are intended to provide credit enhancement for bank financing of the company's subsidiaries, which are currently in good operational and financial condition, with no risk of forced liquidation [1] Share Pledge Situation - The recent share pledge involves the release and subsequent re-pledging of shares to support bank financing for the company's subsidiaries [2] - The total number of pledged shares by Zhengzhou Ruimaotong and its concerted parties is detailed, with no involvement in major asset restructuring or performance compensation obligations [2] Future Pledge Details - Zhengzhou Ruimaotong has 163,900,000 shares maturing in the next six months, representing 29.56% of its holdings and 15.08% of the total share capital, with a corresponding financing amount of 1,136,430,000 yuan [3] - In the next year, the total number of pledged shares will be 424,400,000, corresponding to a financing amount of 1,922,428,000 yuan [3] - The pledged shares primarily serve as credit enhancement for bank financing for Zhengzhou Ruimaotong or its subsidiaries, supporting the company's operational capabilities [3] Impact on Company Operations - The share pledge matters do not have a substantial impact on the company's production operations or corporate governance [4]

Group 1 - The company 瑞茂通 announced the release of part of its pledged shares held by 郑州瑞茂通 and 上海豫辉 [1] - 郑州瑞茂通 holds approximately 554 million shares of 瑞茂通, accounting for 51.02% of the total share capital of about 1.08 billion shares [1] - The total number of pledged shares by 郑州瑞茂通 is approximately 424 million, which represents 76.55% of its holdings and 39.06% of the total share capital [1] Group 2 - 郑州瑞茂通 and its concerted actions hold a total of approximately 688 million shares, which is 63.35% of the total share capital [1] - The cumulative pledged shares by 郑州瑞茂通 and its concerted actions amount to about 545 million, representing 79.14% of their total holdings [1] - For the first half of 2025, 瑞茂通's revenue composition is as follows: coal direct transportation and processing sales account for 77.9%, non-coal bulk accounts for 11.02%, agricultural product processing accounts for 10.9%, and industrial internet platform services account for 0.19% [1] Group 3 - The current market capitalization of 瑞茂通 is 5.1 billion [2]

| 证券代码：600180 | 证券简称：瑞茂通 | 公告编号：2025-055 | | | --- | --- | --- | --- | | 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 | ●郑州瑞茂通和上海豫辉本次股份质押是为了上市公司子公司在银行融资 提供增信担保，目前上市公司子公司经营和资金情况良好，不存在平仓风险。 公司于近日接到郑州瑞茂通和上海豫辉的通知，获悉其所持有公司的部分 股份解除质押及被质押，具体事项如下： | 股东名称 | 郑州瑞茂通 | | --- | --- | | 本次解质股份（股） | 8,000,000 | 瑞茂通供应链管理股份有限公司 关于股东股份解除质押和办理质押的公告 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： ●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"）的 股份数为554,4 ...

Core Viewpoint - The company has announced its expected external guarantee limits for the year 2025, detailing various guarantee agreements with its subsidiaries and banks to support their business operations [1][6]. Group 1: Basic Situation of Guarantees - The company’s wholly-owned subsidiary, Shanghai Ruimaotong Supply Chain Management Co., Ltd., has signed a guarantee contract with Nanjing Bank Shanghai Branch, providing a joint liability guarantee within a limit of 10 million RMB for HeLuo E-commerce [2]. - Another subsidiary, Hainan Ruimaotong, has a maximum guarantee contract with Hainan Bank Qiongzhong Branch, with a guarantee limit of 54 million RMB [2]. - The company has also signed a maximum guarantee contract with Nansha Haigang Trade Co., Ltd., increasing the guarantee limit from 60 million RMB to 80 million RMB for Jiangsu Jinhui and Zhejiang Hehui, with each receiving a guarantee of up to 40 million RMB [3]. Group 2: Guarantee Adjustments - The company has signed a maximum guarantee contract and a supplementary agreement with Huayuan Luguang Supply Chain Technology (Shanxi) Co., Ltd., providing a total guarantee limit of 120 million RMB for several subsidiaries, with specific adjustments to the guarantee amounts for each [4]. - The adjusted guarantee amounts include 100 million RMB for Henan Ruimaotong Grain and Oil Co., Ltd., and 5 million RMB each for Tianjin Ruimaotong and other subsidiaries [4]. Group 3: Board Opinions and Approval - The company’s board of directors unanimously approved the expected external guarantee limits for 2025, stating that these guarantees are based on actual business needs and strategic deployment for the year [16]. - The board believes that the guarantees will enhance the financing capabilities of its subsidiaries, ensuring stable development and aligning with the interests of all shareholders [16]. Group 4: Cumulative Guarantee Situation - As of the announcement date, the total external guarantees provided by the company and its subsidiaries amount to approximately 1,445.52 million RMB, which is 183.24% of the latest audited net assets [16]. - The guarantees provided to consolidated entities total approximately 1,100.90 million RMB, representing 139.56% of the latest audited net assets [16].

Group 1 - The core point of the news is that Shanghai Yuhui Investment Management Center has pledged 16.6 million shares of Ruimaotong, accounting for 1.53% of the total share capital, indicating potential liquidity issues for the shareholders [1] - As of the announcement date, the shareholder Zhengzhou Ruimaotong Supply Chain Co., Ltd. has pledged a total of 424 million shares, which is 76.55% of its total holdings, while Shanghai Yuhui Investment Management Center has pledged 89.1 million shares, representing 99.79% of its total holdings [1] - The cumulative pledged shares of the top ten shareholders of Ruimaotong account for a significant proportion of their holdings, reflecting a trend of increasing leverage among major shareholders [1] Group 2 - Ruimaotong's financial data for the first half of 2025 shows a main revenue of 9.464 billion yuan, a year-on-year decrease of 34.16%, and a net profit attributable to shareholders of 56.94 million yuan, down 64.7% year-on-year [3] - In Q2 2025, the company reported a single-quarter main revenue of 4.327 billion yuan, a decline of 41.56% year-on-year, and a net profit attributable to shareholders of 22.82 million yuan, down 60.53% year-on-year [3] - The company's debt ratio stands at 72.79%, with investment income of 162 million yuan and financial expenses of 223 million yuan, indicating a challenging financial environment [3]

| 证券代码：600180 | 证券简称：瑞茂通 | 公告编号：2025-053 | | --- | --- | --- | | 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 2025 年度对外担保额度预计的进展公告 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： 担保对象及基本情况 | | | 被担保人名称 | 和略电子商务（上海）有限公司（以 下简称"和略电商"） | | | | --- | --- | --- | --- | --- | --- | | | | 本次担保金额 | 1,000 | 万元 | | | 担 保 | 对 | | | | | | 象一 | | 实际为其提供的担保余额 | 4,300 | 万元（含本次） | | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | | 本次担保是否有反担保 | □是 | ...