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]

Core Viewpoint - The financial market is experiencing fluctuations with a slight tightening of liquidity, a rebound in the bond market, and a collective rise in convertible bond indices, while U.S. Treasury yields are generally on the rise. Group 1: Domestic News - Chinese Vice Premier He Lifeng held a video call with U.S. Treasury Secretary Janet Yellen and Trade Representative Katherine Tai to discuss the implementation of agreements from recent high-level meetings, emphasizing the importance of continued cooperation in economic and trade relations [2] - The China Securities Regulatory Commission (CSRC) Chairman Wu Qing highlighted the need to develop first-class investment banks and institutions to support high-quality capital market development, advocating for a shift from price competition to value competition and better service to the real economy [3] - The CSRC is soliciting public opinions on the draft of the "Regulations on the Supervision of Listed Companies," which aims to strengthen comprehensive regulation throughout the lifecycle of listed companies [4] Group 2: Monetary Policy and Market Operations - The People's Bank of China conducted a 139.8 billion yuan reverse repurchase operation at a fixed rate of 1.40%, resulting in a net withdrawal of 161.5 billion yuan due to maturing reverse repos [9] - The overall liquidity in the market remains loose, with the DR001 and DR007 rates slightly increasing to 1.300% and 1.438%, respectively [10] Group 3: Bond Market Dynamics - The bond market showed signs of recovery, with the yield on the 10-year government bond decreasing by 2.15 basis points to 1.8285% as market sentiment improved following rumors of policy easing [12] - The secondary market for credit bonds saw significant price deviations, with "22 Vanke 02" dropping over 11% and "21 Vanke 02" falling over 10% [14] - Several companies, including Zhengyuan Real Estate and Fusheng Group, received public reprimands from the Shanghai Stock Exchange for disclosure violations [15] Group 4: Convertible Bonds - The convertible bond market experienced a collective rise, with major indices increasing by approximately 0.94% to 0.98%, and a total trading volume of 601.53 billion yuan, reflecting a significant increase from the previous day [17] - Several convertible bonds are set to trigger price adjustment clauses, while others announced early redemption [19] Group 5: International Market Insights - U.S. Treasury yields rose across various maturities, with the 2-year yield increasing by 4 basis points to 3.56% and the 10-year yield rising by 3 basis points to 4.14% [20] - Major European economies also saw an increase in 10-year government bond yields, with Germany's yield rising by 3 basis points to 2.80% [22]

瑞茂通(600180)今日下跌6.62%，全天换手率7.54%，成交额3.40亿元，振幅7.60%。龙虎榜数据显示， 机构净卖出1469.45万元，沪股通净买入438.69万元，营业部席位合计净买入1386.89万元。 上交所公开信息显示，当日该股因日跌幅偏离值达-7.32%上榜，机构专用席位净卖出1469.45万元，沪 股通净买入438.69万元。 10月29日公司发布的三季报数据显示，前三季度公司共实现营业收入160.14亿元，同比下降28.97%，实 现净利润7476.04万元，同比下降40.34%。（数据宝） 瑞茂通12月5日交易公开信息 | 买/ 卖 | 会员营业部名称 | 买入金额（万元） | 卖出金额（万元） | | --- | --- | --- | --- | | 买一 | 世纪证券有限责任公司江西分公司 | 1830.75 | | | 买二 | 沪股通专用 | 1690.58 | | | 买三 | 中国银河证券股份有限公司深圳深业上城证券营业部 | 923.74 | | | 买四 | 摩根大通证券(中国)有限公司上海银城中路证券营业部 | 730.69 | | | 买五 | 国信证券股份有 ...

Group 1 - The core issue is that Ruimaotong (600180) has encountered a situation where it failed to meet some debt repayment obligations, leading to a stock price drop and a trading halt [1] - As of the announcement date, the overdue debt principal amounts to 1.093 billion RMB, which represents 13.86% of the company's most recent audited net assets [1] - Several bank accounts of the company and its subsidiaries have been frozen, with a total frozen amount of 22.66 million RMB, accounting for 0.60% of the company's most recent audited consolidated cash and 0.29% of net assets [1] Group 2 - The company reported that its controlling shareholder, Zhengzhou Ruimaotong Supply Chain Co., Ltd., holds 555 million shares, representing 51.02% of the total share capital [1] - A significant portion of the shares held by the controlling shareholder has been judicially marked and frozen, with 136 million shares (12.53% of total shares) marked and 19.3 million shares (1.78% of total shares) frozen [1] - The company received a regulatory letter from the Shanghai Stock Exchange on December 4, involving the listed company, directors, senior management, controlling shareholders, and actual controllers [1] Group 3 - For the first three quarters of 2025, Ruimaotong achieved a revenue of 16.014 billion RMB and a net profit attributable to the parent company of 74.76 million RMB [2] - Ruimaotong was established in 2000 and became the first privately-owned coal supply chain service enterprise listed on the A-share market in August 2012 [2]

Group 1 - The company, 瑞茂通 (600180.SH), announced its plan to sell 8.5794 million repurchased A-shares, which accounts for 0.79% of the total share capital, through centralized bidding from December 9, 2025, to January 30, 2026 [1] - As of the date of the announcement, the plan to sell the repurchased shares has not been implemented [1] - The company has decided to terminate the plan to sell the repurchased shares [1]