Core Points - Guanghui Logistics (600603) announced that the company does not have any overdue guarantee situations [1] Group 1 - The company confirmed the absence of overdue guarantees, indicating a stable financial position [1]

Group 1 - Guanghui Logistics announced that as of the date of the announcement, the total external guarantees by the company and its subsidiaries amounted to approximately 2.753 billion RMB, which represents 39.47% of the company's most recent audited net assets [1] - The company reported that there are no overdue guarantees [1] - As of the report date, Guanghui Logistics has a market capitalization of 9 billion RMB [1] Group 2 - For the first half of 2025, the revenue composition of Guanghui Logistics is as follows: energy logistics services accounted for 79.11%, real estate sales for 16.89%, logistics park operations for 3.7%, and factoring business for 0.3% [1]

广汇物流股份有限公司 证券代码：600603 证券简称：广汇物流 公告编号：2025-078 关于全资子公司为上市公司提供担保的公告 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： 担保对象及基本情况 | | 被担保人名称 本次担保金额 | 900 | 万元 | 广汇物流股份有限公司（以下简称"公司"） | | --- | --- | --- | --- | --- | | 担保对象 | 实际为其提供的担保余额 | 900 | 万元 | | | | 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 | ☑否 | □不适用：_________ | 累计担保情况 | 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子公 | 275,322.39 | | 司对外担保总额（万元） | | | 对外担保总额占上市公司最近一期经 | 39.47 | | 审计净资产的比例（%） | | | 特别风险提 ...

Market Overview - The logistics sector increased by 0.36% on November 6, with ST Xuefa leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Top Gainers in Logistics Sector - ST Xuefa (002485) closed at 4.94, up 5.11% with a trading volume of 89,700 shares and a turnover of 44.11 million yuan [1] - *ST Yuanshang (603813) closed at 31.15, up 4.95% with a trading volume of 9,205 shares and a turnover of 27.98 million yuan [1] - Jiayou International (603871) closed at 14.54, up 3.64% with a trading volume of 128,200 shares and a turnover of 186 million yuan [1] Top Losers in Logistics Sector - Xiamen Xiangyu (600057) closed at 8.39, down 3.12% with a trading volume of 489,700 shares and a turnover of 409 million yuan [2] - Huami Duhai (920351) closed at 26.55, down 2.82% with a trading volume of 23,000 shares and a turnover of 6.14 million yuan [2] - Changjiang Investment (600119) closed at 8.74, down 2.78% with a trading volume of 75,400 shares and a turnover of 6.60 million yuan [2] Capital Flow in Logistics Sector - The logistics sector experienced a net outflow of 94.34 million yuan from institutional investors, while retail investors saw a net inflow of 65.24 million yuan [2] - The main stocks with significant net inflows included SF Holding (002352) with 64.23 million yuan and Shanghai Yashi (603329) with 23.05 million yuan [3] Detailed Capital Flow Analysis - SF Holding (002352) had a main net inflow of 64.23 million yuan, but retail and speculative investors saw net outflows of 33.92 million yuan and 30.31 million yuan respectively [3] - Shanghai Yashi (603329) had a main net inflow of 23.05 million yuan, with retail investors experiencing a net outflow of 19.25 million yuan [3] - New Ning Logistics (300013) recorded a main net inflow of 18.31 million yuan, while retail investors had a net outflow of 12.91 million yuan [3]

Core Viewpoint - Guanghui Logistics has experienced a significant decline in stock price and financial performance, indicating potential challenges in its operational segments and market conditions [1][2]. Financial Performance - As of September 30, Guanghui Logistics reported a revenue of 2.051 billion yuan, a year-on-year decrease of 20.09%, and a net profit attributable to shareholders of 318 million yuan, down 24.55% year-on-year [2]. - The company's stock price has dropped 22.45% year-to-date, with a 5.09% decline over the last five trading days and a 16.93% drop over the last 20 days [1]. Stock Market Activity - On November 6, Guanghui Logistics' stock fell by 2.10%, trading at 7.46 yuan per share, with a total market capitalization of 8.902 billion yuan [1]. - The company has seen a net outflow of main funds amounting to 8.0775 million yuan, with significant selling pressure from large orders [1]. Shareholder Information - As of September 30, the number of shareholders increased to 19,000, with an average of 62,909 circulating shares per shareholder, a decrease of 3.06% from the previous period [2]. - The company has not distributed any dividends in the last three years, with a total payout of 1.343 billion yuan since its A-share listing [3]. Business Segments - Guanghui Logistics' main business revenue composition includes energy logistics services (79.11%), real estate sales (16.38%), logistics park operations (3.00%), and other minor segments [1]. - The company operates in the transportation and logistics sector, with involvement in cold chain logistics, smart logistics, and supply chain services [2].

Core Viewpoint - Guanghui Logistics is actively repurchasing shares to enhance company value and improve shareholder returns, with a total repurchase budget of between RMB 200 million and RMB 400 million, and a maximum repurchase price of RMB 11.00 per share [2][3]. Group 1: Share Repurchase Plan - The company plans to use its own funds to repurchase shares, with the aim of reducing registered capital by canceling all repurchased shares [2]. - The initial repurchase price was set at a maximum of RMB 7.84 per share, which was later adjusted to RMB 11.00 per share [3]. - The repurchase period has been extended to last until April 30, 2026 [3]. Group 2: Progress of Share Repurchase - As of October 31, 2025, the company has repurchased a total of 14,770,400 shares, accounting for 1.24% of the total share capital, with a total expenditure of approximately RMB 84.99 million [4]. Group 3: Third Quarter Performance Meeting - The company held a performance meeting on November 4, 2025, to discuss its third-quarter results, financial status, and development strategies with investors [8]. - Key topics included the coal market outlook and the company's operational strategies in response to market conditions [9]. Group 4: Market Outlook and Strategic Focus - The company is optimistic about the long-term trend of coal transportation from Xinjiang, supported by robust coal reserves and favorable policies [9]. - The company aims to enhance its coal transportation capacity and efficiency while expanding its logistics network to ensure stable growth in energy logistics [14]. Group 5: Company Development and Future Plans - The company has successfully removed risk warnings from its stock, enhancing its market image and increasing trading flexibility [10][11]. - Future plans include focusing on energy logistics, optimizing capital structure, and improving operational efficiency to drive sustainable growth [12][14].

Core Viewpoint - Guanghui Logistics announced the repurchase of 14,770,400 shares, representing 1.24% of its total share capital of 1,193,329,151 shares as of October 31, 2025 [1] Summary by Category - **Share Repurchase Details** - The company has conducted a share repurchase through centralized bidding [1] - The total number of shares repurchased is 14,770,400 [1] - This repurchase accounts for 1.24% of the company's total share capital [1]

Core Viewpoint - Guanghui Logistics is focusing on energy logistics as its main business, leveraging its strategic location in Xinjiang to enhance coal transportation and logistics capabilities [1][2][4] Group 1: Business Strategy - The company is implementing a strategy centered around "one channel, four bases," which includes the construction and operation of the Hongnao Railway as a key part of the northern wing corridor [1] - Guanghui Logistics has reported a cumulative transportation volume of 21.08 million tons from January to September 2025, representing a year-on-year increase of 38.95% [1] - The company is actively responding to changes in coal market supply and demand by adopting a pricing strategy that combines volume and price, while also enhancing transportation efficiency and expanding its logistics network [2] Group 2: Infrastructure Development - The company has successfully launched the Liugou base, with three other logistics base projects under construction, all of which are prioritized projects in their respective locations [2] - The completion of these logistics bases will create a comprehensive energy logistics system by connecting with upstream railways, thereby supporting the release of advanced coal mining capacity in Xinjiang [2][3] Group 3: Operational Improvements - Guanghui Logistics aims to enhance its operational performance by focusing on three core areas: securing long-term coal transportation contracts, expanding self-owned vehicles and container business, and accelerating the construction of energy logistics bases [3] - The company plans to improve coal dispatch efficiency and container return efficiency through optimized transportation organization [3] - The company has removed risk warnings as of October 29, 2025, changing its stock name from "ST Guangwu" to "Guanghui Logistics," which enhances its market image and trading flexibility [3][4] Group 4: Future Outlook - The successful removal of risk warnings marks a significant step for the company, indicating improvements in compliance governance, internal control, and operational capabilities [4] - The company is committed to focusing on its main business and advancing its energy logistics strategy to enhance core competitiveness and sustainable profitability [4]

Core Viewpoint - Guanghui Logistics (600603.SH) has repurchased a total of 14.77 million shares, representing 1.24% of the company's total share capital, as of October 31, 2025 [1] Summary by Category - **Share Repurchase Details** - The company has conducted share repurchases through centralized bidding [1] - The highest purchase price was 10.96 CNY per share, while the lowest was 4.62 CNY per share [1] - The total amount paid for the repurchased shares is 84.9854 million CNY, excluding transaction fees [1]

Group 1 - The company Guanghui Logistics announced that as of October 31, 2025, it has repurchased a total of 14,770,400 shares through centralized bidding, which represents 1.24% of the current total share capital of 1,193,329,151 shares [1] - The highest purchase price for the repurchased shares was 10.96 yuan per share, while the lowest price was 4.62 yuan per share [1] - The total amount paid for the repurchased shares, excluding transaction fees, was 84,985,433.60 yuan [1]