证券代码：600787 证券简称：中储股份 公告编号：临 2025-037 号 中储发展股份有限公司 关于公司董事离任的公告 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。 | 王炜阳 | 董事、董事会战略与投 | 2025 | 年 | 8 | 2025 | 年 | 10 | CLH12 HK | （ | | ） | 否 | 否 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 资管理委员会委员 | 月 21 | 日 | | 月 19 | 日 | | Limited | | 已不再是 | | | | | | | | | | | | | 中储股份持股 | | | 5% | | | | | | | | | | | | 以上股东 | | | | | | 二、离任对公司的影响 根据《公司法》等法律法规、规范性文件及《公司章程》的有关规定，王天 兵先生、王炜阳先生的辞职报告自送达董事会之日起生效，其辞职不 ...

Core Viewpoint - The company will repurchase and cancel a total of 4,872,998 restricted shares due to unmet performance conditions and the retirement of certain incentive plan participants [2][5][6]. Group 1: Reasons for Repurchase and Cancellation - The repurchase is based on the failure to meet performance assessment conditions outlined in the incentive plan, which required specific financial metrics for the year 2024 [5]. - Three incentive plan participants have retired and no longer qualify for the incentive program, leading to the repurchase of their unvested shares [6]. Group 2: Details of the Repurchase - The repurchase involves 124 incentive plan participants and will result in the cancellation of all remaining restricted shares, leaving a total of 0 shares post-cancellation [8]. - The company has set up a dedicated securities account for the repurchase and expects to complete the cancellation by August 21, 2025 [9]. Group 3: Compliance and Legal Opinions - The board confirms that the decision-making process and information disclosure comply with relevant laws and regulations, ensuring no harm to the rights of incentive participants or creditors [10]. - A legal opinion has been obtained confirming that the repurchase has received necessary approvals and does not violate any legal provisions [11].

Core Viewpoint - The company announced the repurchase and cancellation of 4,872,998 restricted shares due to unmet performance conditions and the retirement of certain incentive targets [2][4][6]. Summary by Sections Repurchase and Cancellation Reasons - The repurchase is based on the failure to meet the performance assessment conditions outlined in the company's restricted stock incentive plan, specifically for the third release period [3][4]. - The performance conditions included a minimum return on equity of 6% and a compound annual growth rate of 35% in net profit compared to 2019 [3][4]. Details of the Repurchase - The decision for the repurchase was approved during the board meeting held on June 18, 2025, and was authorized by the first extraordinary general meeting of shareholders in 2021 [3][6]. - The repurchase involves 124 incentive targets, with a total of 4,872,998 shares to be canceled, resulting in zero remaining restricted stock after the cancellation [6][7]. Legal and Compliance Aspects - The company has established a dedicated securities account for the repurchase and submitted the necessary applications to the relevant authorities [7]. - Legal opinions confirm that the repurchase has obtained all necessary approvals and complies with relevant laws and regulations, ensuring no harm to the rights of incentive targets or creditors [8].

证券代码：600787 证券简称：中储股份 编号：临 2025-036 号 中储发展股份有限公司 关于部分限制性股票回购注销实施公告 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： 回购注销原因：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，公司将回购注销限制性股票共 计 4,872,998 股。 本次注销股份的有关情况 | 回购股份数量（股） | 注销股份数量（股） | | 注销日期 | | | | --- | --- | --- | --- | --- | --- | | 4,872,998 | 4,872,998 | 2025 | 年 8 | 月 21 | 日 | 一、本次限制性股票回购注销的决策与信息披露 根据 2021 年第一次临时股东大会的授权，公司于 2025 年 6 月 18 日召开九届三 ...

1 天津精卫律师事务所 关于中储发展股份有限公司限制性股票激励计划 天津精卫律师事务所 关于中储发展股份有限公司 限制性股票激励计划部分限制性股票回购注销实施的 法律意见书 部分限制性股票回购注销实施的法律意见书 精卫非诉意字（2020）第012-11号 致：中储发展股份有限公司 天津精卫律师事务所（以下称"本律师"）受中储发展股份有限公司（以下称"公 司"）的委托，就公司依据《中储发展股份有限公司限制性股票激励计划》（以下称 "激励计划"）回购注销部分激励对象已获授但尚未解除限售的限制性股票（以下称 "本次回购注销"）的实施情况出具本法律意见书。 本律师根据《中华人民共和国公司法》（以下称"《公司法》"）、《中华人民 共和国证券法》（以下称"《证券法》"）、《上市公司股权激励管理办法》（以下 称"《管理办法》"）和《国有控股上市公司（境内）实施股权激励试行办法》《关 于规范国有控股上市公司实施股权激励制度有关问题的通知》《中央企业控股上市 公司实施股权激励工作指引》等有关法律、行政法规、政府部门规章、公开并普遍 适用的规范性文件（以下合称"有关法律法规"）和《中储发展股份有限公司章程》 （以下称"《公司章程 ...

中储发展股份有限公司发布公告，因《激励计划》第三个解除限售期条件未成就及部分激励对象退休， 将回购注销限制性股票4,872,998股，注销日期为2025年8月21日。2024年度相关指标未达业绩考核条 件，第三批限制性股票不得解除限售；3名激励对象退休不再具备资格，其已获授未解除限售部分也将 被回购。本次回购注销完成后，剩余股权激励限制性股票为0股。公司称决策程序、信息披露合规，承 诺相关信息真实准确，律师认为本次回购注销合法有效。 ...

Core Insights - The logistics real estate industry is characterized by significant regional concentration in China, with upstream supply concentrated in coastal and central regions, while the development and operation segments are primarily located in the Yangtze River Delta, Pearl River Delta, and Beijing-Tianjin-Hebei regions [5] Industry Overview - Logistics real estate serves as a platform for modern logistics facilities, where developers invest in and construct specialized logistics infrastructure based on the needs of logistics enterprises [1] - The main operational activities in logistics real estate include site selection, land acquisition, development, management, and fund operations [1] Competitive Landscape - According to Michael Porter's value chain theory, logistics real estate companies must focus on developing core competencies in strategic segments of the value chain to maintain competitive advantages [2] Company Performance - In 2024, the performance of logistics real estate companies in China shows significant divergence, with Kerry Properties reporting revenue of 19.5 billion yuan and a gross margin of 32.8%, while R&F Properties faced a loss with a revenue of 18.77 billion yuan and a gross margin of -4.7% [7] - Other companies like Joy City maintained stable performance with a revenue of 35.79 billion yuan and a gross margin of 21.8% [7] Investment Trends - Kerry Properties has been divesting logistics assets, including the sale of warehouses in Hong Kong for 4.62 billion HKD in 2022, while R&F Properties has exited the logistics real estate sector by selling its entire stake in Guangzhou Airport Logistics Park to Blackstone for a total of 5.295 billion yuan [10] - SF Holding is actively expanding its logistics footprint, planning to list REITs and investing in multiple industrial parks [10] - Other companies like Transfar Zhilian and Nanshan Holdings are also expanding their logistics networks and pursuing REIT listings [10]

Core Viewpoint - The China Logistics and Purchasing Federation and China Storage Development Co., Ltd. reported a decline in the warehousing index for July 2025, indicating a slowdown in growth while remaining above the expansion threshold for nine consecutive months [1] Group 1: Warehousing Index and New Orders - The warehousing index for July is 50.1%, down 0.9 percentage points from June [1] - The new orders index is at 50%, a decrease of 1.6 percentage points from June, with certain categories like non-ferrous metals and chemical products showing indices above 50, while others like mining products and home appliances are below 50 [1] Group 2: Inventory and Turnover - The ending inventory index is at 51%, an increase of 3.3 percentage points from June, with various categories such as steel and chemical products above 50, while non-ferrous metals and agricultural products are below 50 [1] - The average inventory turnover index is at 48.5%, down 7.2 percentage points from June, with non-ferrous metals and chemical products above 50, while steel and home appliances are below 50 [2] Group 3: Market Conditions and Future Outlook - Analysts attribute the slowdown in new orders to adverse weather conditions affecting consumer demand and outdoor construction [1] - The business activity expectation index is at 52.3%, down 1.4 percentage points from June, indicating stable confidence among enterprises [2] - The industry outlook remains optimistic in the long term, with expectations of improved activity post-rainy season supported by macroeconomic policies aimed at boosting consumption and optimizing the business environment [2]

（文章来源：证券日报） 证券日报网讯中储股份8月7日在互动平台回答投资者提问时表示，截至目前，公司暂未参与雅鲁藏布江 水电站工程建设，公司将积极关注建设情况，寻求合作机会。 ...

| 601298 | 青岛港 | 1.82 | 0.31 | 8.86 | 8.95 | 1.01 | | --- | --- | --- | --- | --- | --- | --- | | 300782 | 卓胜微 | 2.88 | 3.82 | 77.15 | 77.90 | 0.98 | | 600368 | 五洲交 | 1.39 | 2.44 | 4.35 | 4.39 | 0.91 | | | 通 | | | | | | | 872808 | 曙光数 | 1.02 | 2.07 | 61.05 | 61.60 | 0.90 | | | 创 | | | | | | | 600797 | 浙大网 | 2.21 | 12.71 | 10.09 | 10.18 | 0.86 | | | 新 | | | | | | | 603931 | 格林达 | 1.26 | 2.57 | 27.21 | 27.42 | 0.78 | | 002584 | 西陇科 | 0.78 | 5.68 | 9.04 | 9.10 | 0.71 | | | 学 | | | | | | | 688593 | 新相微 | 1.50 | ...