转自：前瞻产业研究院 行业主要上市公司：嘉里建设(00683HK);富力地产(02777.HK);大悦城(000031.SZ);华远地产(600743.SH); 金地集团(600383.SH);中储股份(600787.SH);顺丰控股(002352.SZ)等 本文核心数据：上市公司业务布局;上市公司业绩对比 物流地产行业上市公司汇总 中国物流地产行业相关上市公司数量较少，大部分是侧重地产或者侧重物流。同时涉及物流地产的企业 目前大部分跟仓储、轻资产运营相关。从业务关联度看，金地、中储等7家企业关联度最高，物流地产 为核心或重要业务，像万纬物流、宝湾物流等均具规模优势;嘉里、传化等关联度其次，物流地产是战 略资产或含相关模块，但受主业或规模限制;富力、大悦城等关联度中等，主要是进行地产开发和运 营，物流相关业务多为附属，非核心发展方向。 | 公司简称 | 股票代码 | 要点 | 关联度 | | --- | --- | --- | --- | | 嘉里建设 | 00683HK | 香港综合地产集团,核心业务包括高端商业地产开发与投资, | **** | | | | 内地重点布局物流仓储设施,总资产超千亿港元。 | ...

Group 1 - The company held its 38th board meeting on July 11, 2025, with all 11 directors present, ensuring compliance with the Company Law and Articles of Association [1][2] - The board approved the proposal to become a group delivery center for all commodity futures at the Shanghai Futures Exchange, taking on all responsibilities outlined in the cooperation agreement and business rules [1] - The proposal regarding the "Quality Improvement and Efficiency Enhancement Action Plan for 2025" was also approved unanimously by the board [2] Group 2 - The voting results for both proposals were unanimous, with 11 votes in favor and no votes against or abstentions [2] - The company will provide relevant documents and materials as required for the group delivery center operations [1] - Details of the "Quality Improvement and Efficiency Enhancement Action Plan for 2025" can be found in the announcement published on the same day in various financial publications and the Shanghai Stock Exchange website [2]

一、聚焦主责主业，加快发展新质生产力 证券代码：600787 证券简称：中储股份 编号：临 2025-035 号 中储发展股份有限公司 2025 年度"提质增效重回报"行动方案 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。 为践行中央经济工作会议和中央金融工作会议精神，积极响应上海证券交易 所《关于开展沪市公司 "提质增效重回报" 专项行动的倡议》，践行"以投资 者为本"理念，推动公司高质量发展和投资价值提升。中储发展股份有限公司（以 下简称 "公司"）制定了 2025 年度"提质增效重回报"行动方案，具体如下： （一）升级仓储物流基础设施综合服务模式。 聚焦交割体系提高服务能力，继续扩库容、扩品种、优化管理并探索电子 仓单业务，强化交割库管理与集团化交割。聚焦产业聚集营造多元生态，稳固核 心区域市场份额，发挥区位优势拓展多品类业务，加快园区商业化转型。聚焦功 能完善延伸服务链条，整合运力资源，发展公铁联运与仓配一体化，深化合作向 采购、运输、销售、金融等环节延伸。 （二）推动大宗商品供应链高质量发展。 钢铁业务着力整合资源 ...

同意公司申请成为上海期货交易所全部商品期货品种（包括但不仅限于铜、 铝、氧化铝、铅、锌、镍、锡、白银、螺纹钢、线材、热轧卷板、不锈钢、天然 橡胶、纸浆、丁二烯橡胶、铸造铝合金、胶版印刷纸等）集团交割中心，承担与 上海期货交易所签订的合作协议及上海期货交易所业务规则项下我公司应承担 的全部责任（包括但不限于集团成员不能向标准仓单持有人交付符合期货合约要 求的货物的，由公司作为集团交割中心承担全部责任），并按要求提供相关决议 等文件材料，具体商品期货品种、库容、集团成员等以届时签署的《上海期货交 易所与交割库之合作协议（集团交割业务）》的约定为准。 证券代码：600787 证券简称：中储股份 编号：临 2025-034 号 中储发展股份有限公司 九届三十八次董事会决议公告 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。 中储发展股份有限公司（以下简称"公司"）九届三十八次董事会会议通知 于 2025 年 7 月 8 日以电子文件方式发出，会议于 2025 年 7 月 11 日在北京以现 场与通讯表决相结合的方式召开。会议由公司董事 ...

Group 1 - The company is named CMST Development Co., Ltd., established in accordance with the Company Law and Securities Law of the People's Republic of China [2][3] - The registered capital of the company is RMB 2,170,079,582 [3] - The company was approved to issue 19 million shares to the public for the first time on December 5, 1996, and these shares were listed on the Shanghai Stock Exchange on January 21, 1997 [2][3] Group 2 - The company's business scope includes commodity storage, processing, maintenance, packaging, inspection, equipment leasing, wholesale and retail of goods, and various transportation services [3][4] - The company aims to prioritize user satisfaction, uphold credibility, and create good operating efficiency for all shareholders [3][4] Group 3 - The company issues ordinary shares, and all shares have equal rights [5][6] - The total number of shares issued by the company is 2,170,079,582, with all shares being ordinary shares [6][7] Group 4 - The company may increase its capital through public or private offerings, distributing bonus shares, or other legally approved methods [7][8] - The company is prohibited from repurchasing its own shares except under specific circumstances, such as reducing registered capital or employee stock ownership plans [8][9] Group 5 - Shareholders have rights to dividends, attend and vote at shareholder meetings, supervise company operations, and request information [11][12] - The company must maintain a shareholder register and provide access to relevant documents for shareholders [11][12] Group 6 - The company’s general meeting of shareholders is its highest authority, responsible for electing directors and supervisors, approving financial reports, and making significant corporate decisions [16][17] - The company must hold an annual general meeting within six months after the end of the previous fiscal year [18][19]

Core Viewpoint - The legal opinion letter from Tianjin Jingwei Law Firm confirms the legality and validity of China Storage Development Co., Ltd.'s plan to repurchase and cancel a portion of its restricted stock under the incentive plan due to unmet performance targets [2][8]. Group 1: Legal Framework and Approval - The repurchase is conducted in accordance with various laws and regulations, including the Company Law and Securities Law, as well as the company's own articles of association [2][4]. - The company's board of directors was authorized to handle matters related to the incentive plan, including stock repurchase, during the 2021 first extraordinary general meeting [5][8]. - Necessary approvals for the repurchase have been obtained from the board and supervisory committee, confirming compliance with legal requirements [5][9]. Group 2: Repurchase Details - The repurchase is triggered by the company's failure to meet specific performance targets for the year 2024, which include a minimum return on equity and compound growth in net profit [6][7]. - A total of 4,872,998 shares of restricted stock will be repurchased and canceled [7]. - The repurchase price is adjusted to 2.282 yuan per share, accounting for cumulative cash dividends distributed [7][8]. Group 3: Conclusion - The legal opinion concludes that the repurchase plan is legally valid and does not require further approvals, aligning with relevant laws and the company's regulations [8][9].

Group 1 - The company has decided to repurchase and cancel a total of 4,872,998 restricted shares due to unmet conditions for the third release period of the stock incentive plan and the retirement of some incentive targets [1][2] - The repurchase price has been adjusted to 2.282 yuan per share based on the profit distribution plan for the years 2020 to 2024 [1] - Following the cancellation of shares, the total number of shares will decrease from 2,174,952,580 to a new total [2] Group 2 - Creditors have the right to request debt repayment or corresponding guarantees within 45 days from the announcement date, as per the Company Law and relevant regulations [2][3] - Creditors must provide valid documentation to prove the existence of the debt relationship when submitting claims [2][3] - The company has provided specific contact information and procedures for creditors to submit their claims, including submission locations and methods [3][4]

Core Viewpoint - The company has decided to repurchase and cancel a portion of restricted stock due to unmet conditions in the incentive plan and retirements of certain incentive targets, adjusting the repurchase price accordingly [1][2]. Group 1: Meeting Details - The Supervisory Board of the company held its 17th meeting of the 9th session on June 18, 2025, in Beijing, with all three attending supervisors present [1]. - The meeting was legally valid and complied with the relevant provisions of the Company Law and the Articles of Association [1]. Group 2: Stock Repurchase and Price Adjustment - The company will repurchase and cancel 4,872,998 shares of restricted stock due to the failure to meet the conditions for the third release of restrictions in the incentive plan and retirements of some incentive targets [1]. - The repurchase price has been adjusted to 2.282 yuan per share based on the profit distribution plans for the years 2020 to 2024 [1]. - The resolution for the stock repurchase and price adjustment was unanimously approved with 3 votes in favor and no votes against or abstentions [2].

证券代码：600787 证券简称：中储股份 编号：临 2025-031 号 中储发展股份有限公司 关于回购注销部分限制性股票及调整回购价格的公告 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： 中储发展股份有限公司（以下简称"公司"）于 2025 年 6 月 18 日召开了九届三 十七次董事会、监事会九届十七次会议,审议通过了《关于回购注销部分限制性股票及 调整回购价格的议案》。由于《中储发展股份有限公司限制性股票激励计划》（以下 简称"《激励计划》"）第三个解除限售期解除限售条件未成就以及部分激励对象退 休原因，根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）等相关 法律、法规、规范性文件以及《激励计划》的相关规定，同意公司回购注销限制性股 票共计 4,872,998 股，并根据 2020 年度、2021 年度、2022 年度、2023 年度、2024 年 度利润分配方案将回购价格调整为 2.282 元/股。本次回购注销事项已获公司 2021 年 第一次临时股东大会授权，由董事会办理，无需提交股东 ...

证券代码：600787 证券简称：中储股份 编号：临 2025-032 号 中储发展股份有限公司 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、通知债权人的原由 中储发展股份有限公司（以下简称"公司"）于 2025 年 6 月 18 日召开了九届三十 七次董事会、监事会九届十七次会议,审议通过了《关于回购注销部分限制性股票及调 整回购价格的议案》。由于《中储发展股份有限公司限制性股票激励计划》（以下简称 "《激励计划》"）第三个解除限售期解除限售条件未成就以及部分激励对象退休原因， 根据《上市公司股权激励管理办法》（以下简称"《管理办法》"）等相关法律、法规、 规范性文件以及《激励计划》的相关规定，同意公司回购注销限制性股票共计 4,872,998 股，并根据 2020 年度、2021 年度、2022 年度、2023 年度、2024 年度利润分配方案将 回购价格调整为 2.282 元/股。本次回购注销事项已获公司 2021 年第一次临时股东大 会授权，由董事会办理，无需提交股东大会审议。 本 次 股 份 注 销 后 ， ...