Core Viewpoint - The report evaluates the operational qualifications, business, and risk status of China Logistics Group Finance Co., Ltd. (Logistics Finance Company), which is fully controlled by China Logistics Group Co., Ltd. The assessment indicates that the company has established a comprehensive internal control system and effective risk management practices, ensuring compliance with regulatory requirements and maintaining financial stability [1][7][9]. Group 1: Basic Information - Logistics Finance Company obtained its financial license on March 25, 2024, and its business license on March 27, 2024, with a registered capital of RMB 3 billion [1]. - The company is wholly owned by China Logistics Group Co., Ltd., with a shareholding structure indicating 100% ownership [1]. - The main business activities include accepting deposits, providing loans, bill discounting, and offering financial advisory services to member units [1]. Group 2: Risk Management - The company has established a governance structure that includes a board of directors, supervisory board, and senior management, supported by specialized committees for strategic, audit, and risk management [2]. - A clear organizational structure with defined roles and responsibilities enhances the effectiveness of risk management, ensuring checks and balances within the decision-making process [2]. - Risk identification and assessment processes are in place, with departments responsible for developing risk control measures based on their evaluations [3]. Group 3: Internal Control and Compliance - Logistics Finance Company has developed various management methods and operational procedures to control business risks, including specific guidelines for settlement accounts and deposit management [3]. - A credit review committee and an independent credit department manage unified credit operations, ensuring compliance with lending regulations and risk assessment [3][4]. - The company has established a robust internal audit system to monitor compliance with laws and regulations, enhancing the overall effectiveness of internal controls [5][6]. Group 4: Financial Performance - As of June 30, 2025, the total assets of Logistics Finance Company amounted to RMB 11.13 billion, with loans and advances totaling RMB 6.87 billion [7]. - The total liabilities were RMB 8.15 billion, with deposits from members reaching RMB 8.10 billion, and the owner's equity stood at RMB 2.98 billion [7]. - The company reported a revenue of RMB 61 million for the first half of 2025, with a net loss of RMB 33 million attributed to loan provisioning [7]. Group 5: Regulatory Compliance - All regulatory indicators as of June 30, 2025, were within acceptable limits, indicating no significant risks [8]. - The company has not encountered any major defects in its risk control systems related to financial reporting, credit, or information management [7][9]. - The assessment concludes that the financial activities between the company and Logistics Finance Company are currently manageable in terms of risk [9].

Core Viewpoint - The report highlights the financial performance and operational strategies of China Storage Development Co., Ltd. for the first half of 2025, indicating a decline in revenue but an increase in total profit, alongside strategic initiatives to enhance logistics and supply chain services [1][2][3]. Company Overview and Financial Indicators - The company reported a total revenue of approximately 29.46 billion RMB, a decrease of 4.28% compared to the same period last year [2]. - Total profit increased by 3.52% to approximately 621.75 million RMB [2]. - The net profit attributable to shareholders decreased by 42.88% to approximately 84.86 million RMB [2]. - The company's total assets reached approximately 23.35 billion RMB, reflecting a slight increase of 0.88% [2]. Industry and Main Business Situation - The logistics industry in China showed stable growth, with a total social logistics volume of 171.3 trillion RMB and a logistics performance index (LPI) average of 50.5% [3][4]. - The company focuses on enhancing its capabilities through a strategic framework that includes warehouse logistics infrastructure and professional logistics operations [4]. - The company operates a comprehensive warehousing network across more than 20 provinces, providing various logistics services including storage, transportation, and value-added services [4][5]. Operational Performance - The company achieved a throughput of 21.54 million tons in the first half of 2025, with significant contributions from various sectors including black metals and coal [9]. - The company’s logistics platform, Zhongchu Zhiyun, reported a transaction volume of approximately 209.64 billion RMB, marking a year-on-year growth of 5.27% [10]. - The company has established a strong transportation service network, integrating road, rail, and water transport to enhance logistics efficiency [8][10]. Strategic Initiatives - The company is actively pursuing international logistics opportunities, including partnerships in Africa and Central Asia to enhance resource logistics and supply chain integration [12][13]. - Investment plans for 2025 include a total of 850 million RMB, focusing on fixed asset investments and equity investments to support growth initiatives [11]. - The company is leveraging technology to improve operational efficiency, including the integration of AI and digital supply chain solutions [15][19].

Core Points - The report summarizes the semi-annual performance of China Storage Development Co., Ltd. for 2025, highlighting key financial metrics and shareholder information [1][2]. Financial Performance - Total assets at the end of the reporting period amounted to CNY 23,352.25 million, reflecting an increase of 0.88% compared to the previous year's end [1]. - Operating revenue for the period was CNY 29,457.49 million, showing a decrease of 4.28% from CNY 30,774.39 million in the same period last year [1]. - Total profit reached CNY 621.75 million, which is an increase of 3.52% from CNY 600.62 million in the previous year [1]. - The net profit attributable to shareholders was not explicitly stated but is implied to be part of the overall profit figures [1]. Shareholder Information - The total number of shareholders at the end of the reporting period was 103,040 [2]. - The largest shareholder, China Material Storage and Transportation Group Co., Ltd., holds 46.26% of the shares, amounting to 1,006,185,716 shares [2]. - Other significant shareholders include China Logistics Group Capital Management Co., Ltd. and Huaneng Trust Co., Ltd., with respective holdings of 1.79% and 0.71% [2]. Debt and Financial Ratios - The asset-liability ratio at the end of the reporting period was 36.14%, up from 35.11% at the end of the previous year [3]. - The EBITDA interest coverage ratio was reported at 28.87, significantly higher than 17.55 from the previous year [3].

Group 1 - The company held its 39th board meeting on August 29, 2025, in Beijing, with all 9 directors present, ensuring compliance with legal regulations [1] - The board unanimously approved the 2025 semi-annual report and summary, which had been previously reviewed by the audit and risk management committee [1] - The voting results for the semi-annual report were 9 in favor, 0 against, and 0 abstentions [1] Group 2 - The board also approved the risk continuous assessment report for China Logistics Group Finance Co., Ltd. for the first half of 2025 [2] - The voting results for the risk assessment report were also 9 in favor, 0 against, and 0 abstentions [2]

证券代码：600787 证券简称：中储股份 编号：临 2025-039 号 中储发展股份有限公司 监事会九届十八次会议决议公告 本公司监事会及全体监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监事会九届十八次会议通知于 2025 年 8 月 19 日以电子文 件方式发出，会议于 2025 年 8 月 29 日在北京召开，会议由公司监事会主席薛斌先生 主持，应出席会议的监事 3 名，实际出席会议的监事 3 名。会议的召开符合《公司法》 及《公司章程》的有关规定，合法有效。会议经表决一致通过如下决议： 一、审议通过了《公司 2025 年半年度报告及摘要》 根据《证券法》、中国证监会《公开发行证券的公司信息披露内容与格式准则第 3 号-半年度报告的内容与格式（2025 年修订）》和《上海证券交易所股票上市规则（2025 年修订）》的有关要求，监事会对董事会编制的《公司 2025 年半年度报告》进行了审 核，并发表审核意见如下： 司内部管理制度的各项规定； 各项规定，所包含的信息能真实地反映公司本报告期的经营成果和财务状况； 员有 ...

中储发展股份有限公司 关于中国物流集团财务有限公司 2025 年半年度风险持续评估报告 中储发展股份有限公司（以下简称"中储股份"、"公 司"）按照《上海证券交易所上市公司自律监管指引第 5 号 ——交易与关联交易》的要求，通过查验中国物流集团财务 有限公司（以下简称"物流财务公司"）的《金融许可证》 《企业法人营业执照》等证件资料，并审阅物流财务公司的 财务报告，对物流财务公司的经营资质、业务和风险状况进 行了评估，具体情况报告如下： 一、物流财务公司基本情况 （一）基本信息 物流财务公司于 2024 年 3 月 25 日获得由国家金融监督 管理总局北京监管局颁发的中华人民共和国金融许可证（机 构编码：L0287H211000001），于 2024 年 3 月 27 日获得由北 京市西城区市场监督管理局颁发的企业法人营业执照（统一 社会信用代码：91110102MADDYF981Q）。物流财务公司注 册资本为人民币 30 亿元，系由中国物流集团有限公司（以 下简称"集团公司"）全资控股的有限责任公司。物流财务 公司法定代表人：胡梅，注册地址：北京市西城区西外大街 136 号 2 层 1-14-236。 （二 ...

证券代码：600787 证券简称：中储股份 编号：临 2025-039 号 中储发展股份有限公司 监事会九届十八次会议决议公告 本公司监事会及全体监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监事会九届十八次会议通知于 2025 年 8 月 19 日以电子文 件方式发出，会议于 2025 年 8 月 29 日在北京召开，会议由公司监事会主席薛斌先生 主持，应出席会议的监事 3 名，实际出席会议的监事 3 名。会议的召开符合《公司法》 及《公司章程》的有关规定，合法有效。会议经表决一致通过如下决议： 一、审议通过了《公司 2025 年半年度报告及摘要》 根据《证券法》、中国证监会《公开发行证券的公司信息披露内容与格式准则第 3 号-半年度报告的内容与格式（2025 年修订）》和《上海证券交易所股票上市规则（2025 年修订）》的有关要求，监事会对董事会编制的《公司 2025 年半年度报告》进行了审 核，并发表审核意见如下： 特此公告。 中储发展股份有限公司 监 事 会 1.《公司 2025 年半年度报告》的编制和审议程序符合 ...

中储发展股份有限公司 九届三十九次董事会决议公告 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"）九届三十九次董事会会议通知于 2025 年 8 月 19 日以电子文件方式发出，会议于 2025 年 8 月 29 日在北京以现场方式召开。 会议由公司董事长房永斌先生主持，应出席会议的董事 9 名，实际出席会议的董事 9 名，公司监事及高级管理人员列席了会议。会议的召开符合《公司法》及《公司章程》 的有关规定，合法有效。会议经表决一致通过如下决议： 证券代码：600787 证券简称：中储股份 编号：临 2025-038 号 该议案的表决结果为：赞成票 9 人，反对票 0，弃权票 0。。 特此公告。 1 中储发展股份有限公司 董 事 会 一、审议通过了《公司 2025 年半年度报告及摘要》 该议案在提交董事会审议前已经公司九届董事会审计与风险管理委员会事前审议 通过。 详情请查阅同日刊登在上海证券交易所网站（www.sse.com.cn）的《中储发展股 份有限公司 2025 年半年度报告》及 ...

中储发展股份有限公司2025 年半年度报告 公司代码：600787 公司简称：中储股份 中储发展股份有限公司 2025 年半年度报告 1 / 226 中储发展股份有限公司2025 年半年度报告 重要提示 一、 本公司董事会、监事会及董事、监事、高级管理人员保证半年度报告内容的真实性、准确 性、完整性，不存在虚假记载、误导性陈述或重大遗漏，并承担个别和连带的法律责任。 二、 公司全体董事出席董事会会议。 三、 本半年度报告未经审计。 四、 公司负责人房永斌、主管会计工作负责人武凯及会计机构负责人（会计主管人员）赵鹏声 明：保证半年度报告中财务报告的真实、准确、完整。 五、 董事会决议通过的本报告期利润分配预案或公积金转增股本预案 无 六、 前瞻性陈述的风险声明 √适用 □不适用 本报告中所涉及的未来计划、发展战略等前瞻性描述不构成公司对投资者的实质承诺，投资 者及相关人士均应当对此保持足够的风险认识，并且应当理解计划、预测与承诺之间的差异。 七、 是否存在被控股股东及其他关联方非经营性占用资金情况 否 八、 是否存在违反规定决策程序对外提供担保的情况 否 九、 是否存在半数以上董事无法保证公司所披露半年度报告的 ...

Core Viewpoint - The establishment of the hot-rolled coil futures delivery warehouse at the China Storage Development Co., Ltd. Xi'an Logistics Center marks a significant turning point for the steel industry in Northwest China, enhancing risk management and marketing possibilities for local enterprises [1][4]. Group 1: Market Characteristics - The steel market in Northwest China faces unique challenges, including high transportation costs and significant price volatility due to geographical distance and seasonal demand fluctuations [2][3]. - Local steel mills experience dual pressures from high raw material costs and oversupply in the central and western regions, leading to increased operational risks [2][3]. Group 2: Infrastructure Development - The approval and establishment of the hot-rolled coil futures delivery warehouse fill a critical gap in the local delivery infrastructure, facilitating easier participation in hedging activities for local steel companies [3][4]. - The logistics center integrates logistics, warehousing, processing, and supply chain finance, promoting industrial clustering and enhancing regional economic competitiveness [4][5]. Group 3: Economic Impact - The successful delivery of the first standard warehouse receipt for hot-rolled coils serves as a model for other companies, encouraging participation in futures trading and risk management [6]. - The development of the steel industry in Northwest China is expected to create more job opportunities and stimulate the growth of related industries, contributing to the overall economic stability of the region [6]. Group 4: Strategic Significance - The Xi'an hot-rolled coil futures delivery warehouse is positioned as a key node in the "Belt and Road" initiative, enhancing China's pricing power for bulk commodities and supporting infrastructure projects along the route [6][7]. - The establishment of this facility is anticipated to facilitate the transformation and upgrading of the local steel industry, improving trading efficiency in the Northwest region [7].