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： 重大事项进展风险。上海交运集团股份有限公司（以下简称： "公 司"）筹划的重大资产置换暨关联交易（以下简称"本次交易"）事项， 尚需满足多项交易条件后方可实施，包括但不限于公司召开董事会、股 东会审议通过本次交易的正式方案，有权国有资产监督管理机构或经授 权的国家出资企业批准本次交易等。本次交易能否取得上述批准，以及 最终取得批准的时间存在不确定性。 证券代码：600676 证券简称： 交运股份 公告编号：2026-005 上海交运集团股份有限公司股票交易风险提示公告 公司因股票交易连续三个交易日内日收盘价格涨幅偏离值累计达 20％于 2026 年 1 月 13 日披露了《上海交运集团股份有限公司股票交易 异常波动公告》（公告编号：2026-003）。敬请广大投资者理性投资，注 意二级市场交易风险。 股价累计涨幅较大风险。公司因股票交易连续三个交易日内日收 盘价格涨幅偏离值累计达 20％于 2026 年 1 月 13 日披露了《上海交运 集团股份有限公司股票交易异 ...

报告期内，公司下属道路货运与物流服务板块继续受到公路货运市场竞争等影响，主营业务承压明显， 业务量及营业收入有所下降，且因存在相对固定成本，导致毛利率有所下降，进而影响公司利润。 公司下属乘用车销售与汽车后服务板块受传统燃油车产销量及盈利率大幅下降影响，以传统燃油车品牌 为主的汽车销售业务进销差价倒挂，导致汽车销售业务的毛利率有所下降，进而影响公司利润。 人民财讯1月13日电，交运股份（600676）1月13日公告，预计2025年度归属于上市公司股东的净利润为 负值，公司2025年度经营业绩将出现亏损。 ...

2、公司下属乘用车销售与汽车后服务板块受传统燃油车产销量及 盈利率大幅下降影响，传导至该板块以传统燃油车品牌为主的汽车销售 业务进销差价倒挂，导致汽车销售业务的毛利率有所下降，进而影响公 司利润。 基于上述等原因，根据初步测算，公司 2025 年全年业绩将出现亏 损情况。 证券代码：600676 证券简称： 交运股份 公告编号：2026-004 上海交运集团股份有限公司 关于 2025 年度业绩预亏的提示性公告 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。 经上海交运集团股份有限公司（以下简称"公司"）财务部门初步 测算，预计 2025 年度归属于上市公司股东的净利润为负值，公司 2025 年度经营业绩将出现亏损，主要原因如下： 1、公司下属道路货运与物流服务板块继续受到公路货运市场竞争 等影响，主营业务承压明显，业务量及营业收入有所下降，且因存在相 对固定成本,导致毛利率有所下降，进而影响公司利润。 二〇二六年一月十四日 公司将严格遵循《上海证券交易所股票上市规则》等相关法律法规， 加快推进财务核算工作，并在规定期限内尽快 ...

Core Viewpoint - Shanghai Jiaoyun Group Co., Ltd. (referred to as "Jiaoyun Shares") is undergoing a significant strategic transformation by planning an asset swap with its controlling shareholder, Shanghai Jiushi (Group) Co., Ltd. (referred to as "Jiushi Group") and its affiliates, which involves divesting its automotive sales and after-service segments while acquiring assets in the cultural, sports, and tourism sectors [1][2]. Group 1: Asset Swap Details - The assets to be acquired include 100% equity of Shanghai Jiushi Sports Event Management Co., Ltd. (referred to as "Jiushi Events"), at least 62.40% equity of Shanghai Jiushi Smart Sports Co., Ltd., 100% equity of Shanghai Pujiang Tourism Group Co., Ltd., 100% equity of Shanghai Jiushi Performing Arts Co., Ltd., and 100% equity of a newly established sports venue operation company [2]. - The divested assets primarily consist of 100% equity of several automotive-related companies, including Shanghai Automotive Repair Co., Ltd., Shanghai Jiaoyun Automotive Power System Co., Ltd., and others, which are part of the automotive industry chain [2]. Group 2: Financial Performance and Strategic Rationale - Jiaoyun Shares has faced declining revenues, with total revenue dropping from 5.943 billion yuan in 2022 to 4.437 billion yuan in 2024, and a net loss of 391 million yuan in 2024 [4][5]. - The company aims to improve asset quality and enhance risk resistance through this transaction, which is expected to bolster its ongoing operational capabilities and competitive advantages [3]. - The automotive parts manufacturing and sales segment has been under pressure, with a negative gross margin of -10.80% reported in 2024, contributing to the overall financial decline [5].

Core Viewpoint - Shanghai Jiaoyun Group Co., Ltd. experienced a significant stock price fluctuation, with a cumulative closing price increase of 20% over three consecutive trading days (January 8, 9, and 12, 2026) [2][3] Group 1: Stock Trading Anomaly - The company's stock price deviation is classified as an abnormal trading fluctuation according to the Shanghai Stock Exchange trading rules [2][3] - The company confirmed that there are no undisclosed significant matters or risks apart from the ongoing major asset restructuring and related transactions [2][6] Group 2: Company Operations and Major Events - The company's daily operations are reported to be normal, with no significant changes in the external environment affecting stock price fluctuations [4] - On January 9, 2026, the company held a board meeting and approved a proposal for major asset restructuring and related transactions, which are still in the planning stage [5] - The specific details of the transaction, including asset scope and pricing, have not yet been finalized and require further validation and negotiation [5] Group 3: Media and Market Rumors - The company has not identified any media reports or market rumors that could have impacted its stock price during the fluctuation period [8] Group 4: Sensitive Information - During the stock price fluctuation, there were no stock trades by the company's directors, senior management, or controlling shareholders [9]

Investment Rating - The report assigns an "Accumulate" rating for the industry, indicating a potential upside of over 15% relative to the CSI 300 index [2][25]. Core Insights - The report highlights that the significant asset swap involving Jiaoyun Co. is expected to transform the company from a regional automotive service provider into a leading comprehensive cultural and tourism operator in Shanghai, significantly enhancing its long-term value [3]. - The cultural and tourism industry is entering a phase of comprehensive recovery, with asset securitization empowering industry development. The current phase is characterized by ongoing policy benefits, upgraded consumer demand, innovative business models, and intensified market differentiation [5]. Summary by Sections 1. Divesting Traditional Cyclical Business to Enter High-Growth Consumer Services - The automotive business faces multiple challenges, with intensified competition leading to pressure on profit margins. The Chinese passenger car market has entered a dual cycle of "stock competition + structural transformation," resulting in a significant decline in profitability [8][9]. - The integration of high-quality cultural and tourism resources in Shanghai is expected to enhance profitability. The cultural tourism sector is a core area of consumer upgrade, with substantial growth potential driven by strong demand and supportive policies [11][14]. - The asset swap aligns with state-owned enterprise reform requirements, enhancing the quality of the listed company by divesting non-core automotive businesses and acquiring quality cultural and tourism assets [15]. 2. Transitioning from Traditional Manufacturing to Consumer Services - The transaction involves a significant asset swap between Jiaoyun Co. and its controlling shareholder, Jiushi Group, focusing on divesting traditional automotive-related businesses and acquiring quality cultural and tourism assets [16]. - The swap is expected to significantly enhance the company's profitability and core competitive advantages, creating long-term value for shareholders [18]. - The transaction will not involve a change in the actual controlling shareholder, as the asset swap and cash compensation will be determined through mutual agreement based on an asset evaluation report [19].

Investment Rating - The report maintains a "Recommendation" rating for the consumer services industry, indicating an expected increase in the industry index exceeding the benchmark index by more than 5% in the next 3-6 months [40][42]. Core Insights - The report highlights that Jiangyun Co. plans to swap its assets related to passenger car sales and automotive services with the cultural and sports assets held by its controlling shareholder, Jiushi Group. This move is expected to promote the capitalization process of China's sports industry, presenting potential investment opportunities [5]. - The State Council's antitrust office is investigating the competitive landscape of the food delivery platform service industry, which may shift the focus from price wars to compliance battles [5]. - The report identifies several investment targets, including hotels with balanced supply and demand, human resources services with clear industry trends, and the sports sector with significant growth potential [5]. Industry Basic Data - The consumer services industry comprises 55 listed companies with a total market capitalization of 498.804 billion yuan and a circulating market capitalization of 457.081 billion yuan [2]. Market Performance - The consumer services sector experienced a weekly increase of 4.71%, outperforming the overall A-share market, which rose by 5.08%, and the CSI 300 index, which increased by 2.79% [8][27]. - Notable performers in the sector included Gu Ming, which rose by 8.72%, and Jun Ting Hotel, which increased by 12.13% [5][21]. Important Announcements - Key announcements from companies in the sector include: 1. Excellence Education Group purchased 51,000 shares in the open market [32]. 2. New Oriental will hold a board meeting on January 27 to approve its unaudited performance for the six months ending November 30, 2025 [32]. 3. JD Group plans to repurchase approximately 180 million Class A ordinary shares for about $3 billion [32]

证券之星消息，1月12日汽车服务板块较上一交易日上涨2.67%，交运股份领涨。当日上证指数报收于 4165.29，上涨1.09%。深证成指报收于14366.91，上涨1.75%。汽车服务板块个股涨跌见下表： 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成投资建议。 | 代码 | 名称 | 主力净流入(元) | 主力净占比 游资净流入(元) | | 游资净占比 散户净流入(元) | | 散户净占比 | | --- | --- | --- | --- | --- | --- | --- | --- | | 600676 交运股份 | | 1855.81万 | 48.11% | -535.90万 | -13.89% | -1319.91万 | -34.22% | | 000701 | 厦门信达 | 1142.47万 | 3.69% | -679.90万 | -2.20% | -462.57万 | -1.50% | | 301215 中汽股份 | | 1066.22万 | 5.93% | -1011.17万 | -5.63% | -55.05万 | - ...

证券代码：600676 证券简称：交运股份 公告编号：2026-003 上海交运集团股份有限公司 股票交易异常波动公告 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： 上海交运集团股份有限公司（以下简称"公司"）股票交易连续三个交易日 内（2026 年 1 月 8 日、1 月 9 日、1 月 12 日）日收盘价格涨幅偏离值累计达 20%， 根据《上海证券交易所交易规则》的相关规定，属于股票交易异常波动的情形。 经公司自查并向控股股东上海久事（集团）有限公司书面征询，截至本公告 披露日，除公司已披露的正在筹划重大资产置换暨关联交易（以下简称"本次交 易"）事项外，确认不存在其他应披露而未披露的重大事项和风险事项。 本公司指定信息披露网站、媒体为上海证券交易所网站（www.sse.com.cn）、 《上海证券报》及《中国证券报》，有关公司信息以公司在上述指定网站、媒体 刊登的公告为准，敬请广大投资者及时注意，充分了解投资风险，谨慎、理性投 资。 一、股票交易异常波动的具体情况 （二）重大事项情况 1 经自查，公司于 ...

Core Viewpoint - The company announced that its stock price experienced an abnormal fluctuation, with a cumulative increase of 20% over three consecutive trading days from January 8 to January 12, 2026 [1] Group 1: Stock Performance - The stock price deviation was noted as an abnormal fluctuation, with a cumulative increase of 20% over three trading days [1] - The company confirmed that its daily operations are normal and that there have been no changes in the external environment [1] Group 2: Major Asset Restructuring - The company is in the process of planning a significant asset swap and related transactions, which is still in the planning stage and carries uncertainty [1] - No media reports or market rumors have been identified that could influence the stock price during the period of abnormal fluctuation [1] Group 3: Insider Trading - During the period of abnormal stock price movement, there were no stock trading activities by the company's directors, supervisors, or controlling shareholders [1]