Market Overview - The automotive service sector increased by 1.02% on November 3, with Altec leading the gains [1] - The Shanghai Composite Index closed at 3976.52, up 0.55%, while the Shenzhen Component Index closed at 13404.06, up 0.19% [1] Stock Performance - Altec (300825) closed at 11.72, with a rise of 2.45% and a trading volume of 227,000 shares, amounting to a transaction value of 266 million yuan [1] - Other notable performers included: - Sunbo Holdings (600653) at 2.10, up 2.44% [1] - Beiba Media (600386) at 4.95, up 2.06% [1] - China Automotive Research (601965) at 17.44, down 0.40% [2] Capital Flow Analysis - The automotive service sector experienced a net outflow of 8.8372 million yuan from institutional investors and 6.992 million yuan from speculative funds, while retail investors saw a net inflow of 15.826 million yuan [2] - Altec had a net inflow of 7.6732 million yuan from institutional investors, but a net outflow of 9.5789 million yuan from retail investors [3] - China Automotive Research faced a significant net outflow of 4.0169 million yuan from institutional investors, while retail investors contributed a net inflow of 5.3581 million yuan [3]

Market Overview - The automotive service sector increased by 1.04% on October 31, with Haowu Co., Ltd. leading the gains [1] - The Shanghai Composite Index closed at 3954.79, down 0.81%, while the Shenzhen Component Index closed at 13378.21, down 1.14% [1] Stock Performance - Haowu Co., Ltd. (code: 000757) closed at 5.96, up 4.93% with a trading volume of 320,600 shares and a transaction value of 188 million [1] - Other notable performers included: - Alter (code: 300825) closed at 11.44, up 3.62% with a transaction value of 164 million [1] - Jiaoyun Co., Ltd. (code: 600676) closed at 6.38, up 1.27% with a transaction value of approximately 79.2 million [1] - Dezhong Automobile (code: 920030) closed at 7.46, up 1.22% with a transaction value of approximately 34.9 million [1] Capital Flow - The automotive service sector experienced a net outflow of 15.16 million from institutional investors and 18.44 million from speculative investors, while retail investors saw a net inflow of 33.60 million [1] - Detailed capital flow for key stocks included: - Haowu Co., Ltd. had a net inflow of 28.09 million from institutional investors but a net outflow of 9.73 million from speculative investors [2] - Alter experienced a net inflow of 9.34 million from institutional investors but a net outflow of 0.45 million from speculative investors [2] - Jiaoyun Co., Ltd. had a net outflow of 7.24 million from institutional investors but a net inflow of 5.24 million from retail investors [2]

Core Points - The company has ensured the authenticity, accuracy, and completeness of the quarterly report, with all board members and senior management taking legal responsibility for its content [1][11] - The third-quarter financial statements have not been audited [1][6] Financial Data - The report includes key accounting data and financial indicators, with specific changes in net profit attributable to shareholders, net profit excluding non-recurring gains and losses, basic and diluted earnings per share, and net cash flow from operating activities compared to the same period last year [1] - Non-recurring gains and losses are applicable, with details provided in previous announcements regarding asset disposals and compensations [2][3] Shareholder Information - The report includes information on the total number of ordinary shareholders and the shareholding status of the top ten shareholders [5] - There are no changes in the share lending situation of major shareholders due to transfer and financing [5] Other Important Information - The company has approved the land acquisition compensation for a specific plot of land, with a total compensation amount of approximately 207.1 million yuan, of which the company will receive about 145.2 million yuan [5] - The compensation matter does not constitute a related party transaction or a major asset restructuring as per regulations [5] Board Meeting - The company held its ninth board meeting on October 30, 2025, with all seven participating directors voting in favor of all resolutions [9][10] - The meeting approved the revision of governance documents and the third-quarter report for 2025 [10][11]

Core Insights - The company reported a revenue of 3.23 billion yuan for the first three quarters of 2025, representing a year-on-year growth of 6.87% [1] - The company experienced a net loss attributable to shareholders of 28.78 million yuan [1] - The company's net profit excluding non-recurring items was a loss of 216 million yuan [1] - Basic earnings per share were reported at -0.03 yuan [1]

证券代码：600676 证券简称： 交运股份 公告编号：2025-048 上海交运集团股份有限公司（以下简称"公司"）于二〇二五年十 月二十三日以专人送达和邮件方式向全体董事发出了以通讯表决方式 召开第九届董事会第十二次会议的会议通知及相关议案。二〇二五年十 月三十日，公司以通讯表决方式召开了第九届董事会第十二次会议。会 议应参与表决的董事 7 名，实际参与表决的董事 7 名。本次会议的召开 及程序符合有关法律、行政法规、部门规章、规范性文件和《公司章程》 的规定。 二、董事会会议审议情况 会议审议并以记名投票方式表决通过了会议全部议案，并作出如下 决议： 1、审议通过了《关于修订公司相关治理制度的议案》； 上海交运集团股份有限公司 第九届董事会第十二次会议决议公告 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。 一、董事会会议召开情况 表决结果：同意 7 票，反对 0 票，弃权 0 票。 根据新《公司法》等相关法律法规以及《公司章程》的规定，结合 公司实际，对公司《董事会审计委员会实施细则指引》、《董事会战略 委员会实施细则 ...

Core Viewpoint - The company reported a total operating revenue of 3.23 billion yuan for the first three quarters of 2025, reflecting a year-on-year growth of 6.87% [1] - The net profit attributable to shareholders of the parent company was a loss of 28.78 million yuan, which is an improvement of 196 million yuan compared to the same period last year [1] - The basic earnings per share stood at -0.03 yuan [1] Financial Performance - Total operating revenue reached 3.23 billion yuan, marking a 6.87% increase year-on-year [1] - The net loss decreased by 196 million yuan compared to the previous year, indicating a reduction in losses [1] - Basic earnings per share reported at -0.03 yuan [1]

Core Insights - The automotive service sector experienced a decline of 0.63% on October 30, with Altec leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Automotive Service Sector Performance - Notable stock performances included: - Zhongqi Co., Ltd. (301215) closed at 6.69, up 2.45% with a trading volume of 366,600 shares and a turnover of 244 million yuan - Guoji Automobile (600335) closed at 6.16, up 1.32% with a trading volume of 282,800 shares and a turnover of 175 million yuan - Altec (300825) closed at 11.04, down 4.08% with a trading volume of 148,500 shares and a turnover of 167 million yuan [1][2] Capital Flow Analysis - The automotive service sector saw a net outflow of 86.0016 million yuan from institutional investors, while retail investors contributed a net inflow of 113 million yuan [2] - Individual stock capital flows indicated: - Zhongqi Co., Ltd. had a net inflow of 23.6957 million yuan from institutional investors, while retail investors contributed 0.9225 million yuan - Altec experienced a significant net outflow of 39.6543 million yuan from institutional investors, with a retail net inflow of 18.7056 million yuan [3]

Financial Performance - The company's operating revenue for the third quarter reached ¥1,044,760,196.03, an increase of 1.89% compared to the same period last year[4] - Total profit for the quarter was ¥35,656,291.39, representing a significant increase of 137.22% year-on-year[4] - Net profit attributable to shareholders was ¥32,647,036.01, up 134.64% from the previous year[4] - Revenue for the current reporting period increased by 1.89%, remaining stable compared to the same period last year[11] - Revenue from the beginning of the year to the end of the reporting period rose by 6.87%, driven by increased demand and sales in the automotive parts manufacturing and sales service sector[11] - Total profit for the current reporting period surged by 137.22% due to new compensation payments from property expropriation[11] - Net profit attributable to shareholders for the current reporting period increased by 134.64%, also influenced by property expropriation compensation[11] - Total operating revenue for the first three quarters of 2025 reached ¥3,230,280,862.47, an increase of 6.9% compared to ¥3,022,559,560.65 in the same period of 2024[23] - The net profit for the first three quarters of 2025 was a loss of ¥29,208,881.18, an improvement from a loss of ¥230,481,255.99 in the same period of 2024[24] - The net profit for the first three quarters of 2025 was CNY 72,388,834.44, a turnaround from a net loss of CNY 86,429,707.91 in the same period of 2024[34] Cash Flow - The net cash flow from operating activities for the year-to-date was ¥188,370,263.27, reflecting a 60.02% increase compared to the same period last year[5] - The net cash flow from operating activities increased by 60.02% year-on-year, primarily due to higher compensation payments received[12] - The net cash flow from operating activities for the first three quarters of 2025 was CNY 112,657,211.37, compared to CNY 89,866,324.31 in 2024, showing an improvement[36] - The net cash flow from investing activities was -¥9,544,562.25, an improvement from -¥16,435,540.67 in the previous year, showing a reduction in cash outflow by approximately 42%[28] - The company’s net cash flow from financing activities was -¥32,068,322.42, a decline from -¥984,769.16 in the previous year, showing a worsening in cash flow from financing[28] Earnings and Expenses - Basic and diluted earnings per share for the quarter were both ¥0.03, a 133.33% increase year-on-year[5] - The diluted earnings per share for the current reporting period was 133.33 yuan, reversing losses from the same period last year[12] - The basic earnings per share for the first three quarters of 2025 was -¥0.03, compared to -¥0.22 in the same period of 2024[25] - Research and development expenses rose significantly to ¥39,536,972.16, a 68.2% increase from ¥23,505,283.61 in the previous year[24] - The company reported a significant increase in other income to ¥168,718,977.45 compared to ¥3,932,465.89 in the prior year[24] - The company incurred a credit impairment loss of CNY 16,226,654.24 in 2025, compared to CNY 2,872,812.30 in 2024, indicating increased credit risk[34] Assets and Liabilities - Total assets at the end of the reporting period were ¥7,112,552,388.51, a decrease of 3.29% from the end of the previous year[5] - The total liabilities decreased to ¥1,943,747,921.67 from ¥2,154,874,672.00, reflecting a reduction of approximately 9.8%[21] - Total current assets as of September 30, 2025, amounted to ¥2,538,423,883.47, up from ¥2,464,345,837.92 at the end of 2024, representing a growth of about 3%[30] - The total equity attributable to shareholders decreased to ¥5,131,449,771.37 from ¥5,158,699,803.77, a decline of approximately 0.5%[21] - Total operating costs increased to ¥3,448,742,503.49, up 5.4% from ¥3,273,415,290.26 year-over-year[23] Shareholder Information - Total number of common shareholders at the end of the reporting period is 32,793[15] - The largest shareholder, Shanghai Jiushi (Group) Co., Ltd., holds 373,767,497 shares, representing 36.34% of total shares[15] - The total number of shares held by the top 10 shareholders is 476,593,690, indicating significant concentration of ownership[16] - The company has no shareholders participating in margin trading or securities lending activities[16] Management and Operations - The company has authorized the management to proceed with land acquisition for the Dragon Wu Road project, with a compensation amounting to ¥207,100,389.06[17] - The company implemented cost reduction measures, resulting in a 27.71% decrease in non-recurring expenses for the current reporting period[11] - The company reported a decrease in management expenses to ¥59,982,806.96 from ¥76,775,472.82 year-over-year, a reduction of about 21.9%[33] - The company has not applied new accounting standards for the year 2025, as stated in their announcement[38]

（业经公司第九届董事会第十二次会议审议通过） 第一章 总 则 第一条 为进一步建立健全上海交运集团股份有限公司（以下简 称："公司"）董事（非独立董事）及高级管理人员（以下简称"高管 人员"）的考核和薪酬管理制度，完善公司治理结构，根据《中华人 民共和国公司法》、《上市公司治理准则》、《公司章程》及其他有关规 定，公司特设立董事会薪酬与考核委员会，并制定本实施细则。 第二条 薪酬与考核委员会是董事会按照股东会决议设立的专 门工作机构，主要负责制定公司董事及高管人员的考核标准并进行考 核；负责制定、审查公司董事及高管人员的薪酬政策与方案，对董事 会负责。 上海交运集团股份有限公司 董事会薪酬与考核委员会实施细则 第三条 本细则所称董事是指在本公司支取薪酬的正副董事长、 董事，高管人员是指董事会聘任的总裁、副总裁、财务总监、总工程 师、总经济师、董事会秘书，以及因公司业务发展需要设立的其他高 级管理人员。 第二章 人员组成 第四条 薪酬与考核委员会成员由三至七名董事组成，独立董事 占多数。 第五条 薪酬与考核委员会委员由董事长、二分之一以上独立董 事或者全体董事的三分之一提名，并由董事会选举产生。 第六条 薪酬与 ...

上海交运集团股份有限公司 总裁工作细则 （业经公司第九届董事会第十二次会议审议通过） 第一章 总 则 第一条 根据《中华人民共和国公司法》、《中华人民共和国证券 法》、《股票上市规则》、《上市公司治理准则》等法律法规和《公司章 程》的有关规定，制定本工作细则。 第二章 总裁聘任与解聘 第二条 公司总裁候选人可由公司股东、董事提名或通过市场招 聘提出，由董事会提名委员会对总裁候选人任职资格审核并提出推荐 建议后，由公司董事会审议表决通过后聘任。 第三条 解聘总裁必须经董事会决议批准，并由董事会向总裁本 人提出解聘理由。总裁本人要求离任的，必须向董事会递交离任申请， 经董事会讨论同意后方可离任。任职期间及离职六个月内不得出售持 有本公司的股份。 第四条 公司副总裁和高级管理人员（不含董事会秘书）由总裁 提名，经公司董事会提名委员会对候选人任职资格审核并提出推荐建 议后，由公司董事会审议表决通过后聘任。 七、聘任或解聘除应由董事会聘任或者解聘以外的管理人员； 第三章 总裁职权 第五条 公司设总裁一人，设副总裁、财务总监、总工程师、总 经济师、董事会秘书，以及因公司业务发展需要设立的其他高级管理 人员等若干人，总裁对 ...