（编辑 袁冠琳） 证券日报网讯 1月20日，中储股份在互动平台回答投资者提问时表示，公司股价走势受诸多因素的影 响。公司以提高上市公司质量为导向，积极调整资产结构，优化资源配置，加强价值管理，致力于提升 投资者回报能力和水平。在做好价值创造的同时，不断丰富投资者交流方式，做好价值传递工作，使中 储股份的真正价值能够在资本市场得以体现。 ...

证券日报网讯1月20日，中储股份（600787）在互动平台回答投资者提问时表示，公司控股子公司中储 智运已在多个商业场景应用AI技术，钢超和易有色平台暂未应用AI技术和AI智能体。 ...

格隆汇1月20日丨中储股份(600787.SH)在投资者互动平台表示，公司控股子公司中储智运已在多个商业 场景应用AI技术，钢超和易有色平台暂未应用AI技术和AI智能体。 ...

Core Viewpoint - The Chinese warehousing industry shows signs of recovery with the warehousing index reaching 52.4% in December 2025, marking a 2 percentage point increase from November 2025, driven by improved market demand and business activity [1] Group 1: December 2025 Data - The new orders index for December 2025 stands at 51.8%, up 1.3 percentage points from November 2025, with chemical products, machinery, agricultural products, and pharmaceuticals showing indices above 50% [1] - The business volume index is at 53.6%, reflecting a 1.7 percentage point increase, with similar trends observed in chemical products, agricultural products, and pharmaceuticals [1] - The facility utilization rate index is 54%, up 1.6 percentage points, while the ending inventory index is at 51.9%, increasing by 1.9 percentage points [1] - The average inventory turnover index is 53.4%, which is a 3.4 percentage point increase [1] Group 2: 2025 Annual Overview - The overall warehousing index for 2025 averaged 50.7%, a 1.3 percentage point increase from 49.4% in 2024, indicating a steady recovery in the industry [2] - The index showed reduced volatility compared to 2024, suggesting enhanced resilience and stability within the industry [2] - Quarterly averages indicate a stable start in Q1 at 51.2%, a slight decline in Q2 to 50.7%, a further drop in Q3 to 49.7%, and a rebound in Q4 to 51.1% due to rising demand [2] Group 3: Key Characteristics - The demand foundation appears more solid, with the new orders index remaining above 50% for most months, averaging 51%, which supports ongoing business activity [2] - Inventory turnover efficiency remains high, with the average turnover index mostly operating in an expansion range, indicating smooth supply chain connections [2] - Inventory adjustments are becoming more rational, with the ending inventory index averaging 49.8%, reflecting a slowdown in inventory decline and increased business confidence [2] Group 4: Future Outlook - The warehousing industry is expected to continue its positive trajectory in 2026, supported by macro policies and sustained demand recovery [3] - The ongoing expansion of domestic demand policies and pre-Spring Festival stocking needs are anticipated to further boost warehousing business demand [3]

Core Viewpoint - The Chinese warehousing industry shows signs of recovery with the warehousing index reaching 52.4% in December 2025, marking a 2 percentage point increase from November 2025, indicating a positive trend in market demand and business activity [1] Group 1: Industry Performance - The overall warehousing index for 2025 averaged 50.7%, up 1.3 percentage points from 49.4% in 2024, reflecting a continuous recovery in the industry [2] - The index showed reduced volatility compared to 2024, indicating enhanced resilience and stability within the industry [2] - In December 2025, the new orders index was 51.8%, a 1.3 percentage point increase from November, with various sectors like chemicals and pharmaceuticals performing above 50% [1][2] Group 2: Operational Efficiency - The business volume index rose to 53.6% in December 2025, up 1.7 percentage points from the previous month, with strong performance in chemicals and agricultural products [1] - The facility utilization rate index increased to 54%, reflecting improved operational efficiency [1] - The average inventory turnover index reached 53.4%, a 3.4 percentage point increase, indicating effective supply chain management and high product circulation efficiency [1][2] Group 3: Future Outlook - Analysts expect the warehousing industry to maintain a stable and positive trajectory in 2026, supported by ongoing macroeconomic policies and demand recovery [3] - The year-end policies aimed at expanding domestic demand and pre-holiday stocking are anticipated to further boost warehousing business demand [3]

Core Viewpoint - The warehousing industry in China is expected to maintain a stable and positive trajectory in 2026, supporting the high-quality development of the real economy [3]. Group 1: Industry Performance Indicators - In December 2025, the warehousing index rose to 52.4%, an increase of 2 percentage points from November 2025, marking the highest level since February of the previous year [1]. - The new orders index for December 2025 was 51.8%, up 1.3 percentage points from November, with chemical products, machinery, agricultural products, and pharmaceuticals showing indices above 50% [1]. - The business volume index reached 53.6%, increasing by 1.7 percentage points month-on-month, with similar trends observed in chemical products, agricultural products, and pharmaceuticals [1]. - The facility utilization rate index was 54%, up 1.6 percentage points, while the inventory index rose to 51.9%, an increase of 1.9 percentage points [1]. - The average inventory turnover index was 53.4%, reflecting a month-on-month increase of 3.4 percentage points [1]. Group 2: Yearly Trends and Analysis - The overall warehousing index for 2025 averaged 50.7%, a rise of 1.3 percentage points from 49.4% in 2024, indicating a continuous recovery in the industry [2]. - The index showed a "two highs, one low" trend throughout the year, with quarterly averages of 51.2% in Q1, 50.7% in Q2, 49.7% in Q3, and 51.1% in Q4, reflecting seasonal impacts and subsequent recovery [2]. - Key characteristics included a solid demand foundation with the new orders index mostly above 50%, high turnover efficiency, and a more rational inventory adjustment process, with the end-of-year inventory index averaging 49.8% [2]. Group 3: Future Outlook - The warehousing industry is expected to benefit from ongoing macro policies aimed at reducing logistics costs and improving the operating environment, with market demand continuing to recover [3]. - Analysts predict that with the release of internal economic momentum and support for expanding domestic demand, the warehousing sector will see further growth in demand leading into 2026 [3].

新订单指数为51.8%，较上月上升1.3个百分点。分品种来看，化工产品、机械设备、农副产品、医药等 品种的新订单指数高于50%，煤炭、食品、日用品等品种的新订单指数低于50%。 智通财经APP获悉，中国物流与采购联合会与中储发展股份有限公司联合调查的中国仓储指数，2025年 12月份为52.4%，较上月回升2个百分点。 从分项指数来看，同上月相比，新订单指数、业务量指数、设施利用率指数、期末库存指数、平均库存 周转次数指数、企业员工指数有所上升，升幅在1.3至3.4个百分点之间；业务活动预期指数有所下降， 降幅为2.6个百分点。 中储发展股份有限公司副总经理杨飚认为：12月仓储指数明显回升，达到2月份以来的新高。受市场需 求回暖带动，仓储业务量保持较快增长，商品周转速度明显提高，企业备货积极、预期乐观，库存水平 有所上升，显示仓储行业向好运行态势深入发展，实现年度良好收官。后期来看，年末扩大内需等政策 支持持续发力，加之春节前备货需求继续释放，预计仓储业务需求仍有进一步回升空间，行业将继续保 持向好发展态势。 业务量指数为53.6%，较上月上升1.7个百分点。分品种来看，化工产品、农副产品、医药等品种的业务 ...

Core Viewpoint - The China Warehousing Index, released by the China Logistics and Purchasing Federation in collaboration with Sinotrans Development Co., shows a significant recovery in the warehousing industry, reaching 52.4% in December 2025, an increase of 2 percentage points from the previous month, indicating a positive trend in the sector [1] Industry Summary - The sub-indices, including new orders, business volume, facility utilization rate, end-of-period inventory, average inventory turnover, and enterprise employee indices, have all increased, with rises ranging from 1.3 to 3.4 percentage points compared to the previous month [1] - The business activity expectation index has decreased by 2.6 percentage points, indicating a slight dip in future expectations [1] Company Insights - Yang Biao, Deputy General Manager of Sinotrans Development Co., noted that the December 2025 China Warehousing Index has reached its highest level since February 2025, driven by a recovery in market demand, leading to rapid growth in warehousing business volume and improved commodity turnover speed [1] - The company anticipates that ongoing policy support for expanding domestic demand and pre-Spring Festival stocking needs will further boost warehousing business demand, allowing the industry to maintain a positive development trend [1]

Core Viewpoint - Zhongcang Co., Ltd. (600787) is actively developing its supply chain integration service platform, Zhongcang Steel Super, which operates effectively through both offline and online channels [1] Group 1 - The company is steadily advancing its national network layout [1] - A recent plan includes investing in the construction of the Zhongcang (Sanjiang Port) production service hub project [1] - The goal is to establish a core logistics hub in the Central China region [1]

Core Viewpoint - Zhongchu Steel Super Technology (Wuhan) Co., Ltd. is set to invest in the construction of the Zhongchu (Sanjiang Port) Production Service Hub Base Project (Phase I) following the approval from the company's board of directors [1] Group 1 - The company's tenth board of directors meeting was held on November 27, 2025, where the investment proposal was approved [1] - On December 30, 2025, Zhongchu Steel Super signed an investment contract with the People's Government of Huarong District, Ezhou City, Hubei Province [1]