关于上海物资贸易股份有限公司 2024 年 年度报告的信息披露监管问询函的回复 信会师函字[2025]第 ZA335 号 上海证券交易所上市公司管理一部： 上海物资贸易股份有限公司（以下简称"上海物贸"、"公司"） 收到贵所出具的《关于上海物资贸易股份有限公司 2024 年年度报告 的信息披露监管问询函》（上证公函【2025】0870 号）（以下简称 "问询函"）。立信会计师事务所（特殊普通合伙）（以下简称"立 信"、"会计师"或"我们"）作为上海物贸 2024 年年审会计师，就 其中需要年审会计师进行核查并发表意见的事项回复如下： 本回复中部分合计数与各明细数直接相加之和在尾数上存在差 异，均系计算中四舍五入造成。 1 问题 二、关于存货 报告期末，公司存货账面价值 2.35 亿元，同比下降 80.41%，本期新增计 提存货跌价准备 814.57 万元。近三年公司存货跌价准备计提比例分别为 1.15%， 0.85%，4.24%，报告期内存货跌价准备计提比例大幅上升。 请公司：（1）分业务板块列示期末存货的具体构成，包括名称、金额、库 龄分布、跌价准备，以及本期存货跌价准备的计提、转回、结转情况等，说明 存货 ...

Group 1 - Multiple high-profile stocks are experiencing adjustments, with Shanghai Material Trade hitting the daily limit down [1] - Tianchen Co. also reached the daily limit down, while Lianfa Co., Jinshi Technology, Huahong Technology, Forest Packaging, and Huitong Group all fell over 5% [1]

融资融券数据显示，该股最新（7月18日）两融余额为2.78亿元，其中，融资余额为2.78亿元，融券余额 为34.03万元。近5日融资余额合计增加1.39亿元，增幅为100.27%。融券余额合计增加9.97万元，增幅 41.41%。 4月30日公司发布的一季报数据显示，一季度公司共实现营业收入4.72亿元，同比下降45.21%，实现净 利润674.21万元，同比增长30.58%。（数据宝） 上海物贸(600822)今日上涨2.34%，全天换手率24.23%，成交额14.94亿元，振幅14.70%。龙虎榜数据显 示，营业部席位合计净卖出6903.48万元。 上交所公开信息显示，当日该股因日换手率达24.23%上榜，营业部席位合计净卖出6903.48万元。 证券时报·数据宝统计显示，上榜的前五大买卖营业部合计成交3.31亿元，其中，买入成交额为1.31亿 元，卖出成交额为2.00亿元，合计净卖出6903.48万元。 具体来看，今日上榜营业部中，第一大买入营业部为国泰海通证券股份有限公司总部，买入金额为 4397.91万元，第一大卖出营业部为中信证券股份有限公司浙江分公司，卖出金额为1.04亿元。 近半年该股累计上榜 ...

Group 1 - The Ministry of Housing and Urban-Rural Development emphasizes the importance of urban renewal and the implementation of various livelihood, safety, and development projects [1] - The Ministry of Finance and the State Taxation Administration announced adjustments to the consumption tax policy for ultra-luxury cars, now applicable to vehicles with a retail price of 900,000 yuan (excluding VAT) and above [3] - The State Council's press conference reported that the national summer grain production reached 299.48 billion jin, marking the second-highest production year after last year [4] Group 2 - The Shenzhen government implemented measures to promote the high-quality development of the micro-short drama industry, including support for enterprises and projects [6] - JD.com responded to the recent competition in the food delivery industry, labeling the "0 yuan purchase" and "18-18" promotions as severe internal competition, stating that it did not participate [7] - The Shanghai Stock Exchange announced new trading limits for non-futures company members or clients on polysilicon and industrial silicon futures contracts starting July 21, 2025 [8] Group 3 - Zongheng Co. announced that its actual controller Ren Bin is getting divorced, which will result in the transfer of 11.41% of the company's shares to Kwang Mingfang [9] - Jintongling is facing criminal charges for fraudulent stock issuance and for violating important information disclosure regulations [10] - Shanghai Wumao announced that its subsidiary's data product "Non-ferrous Metal Spot Index Query" is currently in a "temporarily invalid" state [11] Group 4 - Fudi Technology announced it will exclusively supply the second-generation semi-solid eVTOL battery for the E20 model to Shanghai Shidi Technology [13] - Zhongwei Company reported a year-on-year net profit increase of 31.61%-41.28% for the first half of the year, while Hangzhou Bank reported a 17% increase [14] - ST Shengxun announced that shareholders plan to collectively reduce their holdings by 5.08% [15] Group 5 - The three major U.S. stock indices closed higher, with the Nasdaq up 0.74%, the S&P 500 up 0.54%, both reaching new closing highs, and the Dow Jones up 0.52% [16] - The U.S. House of Representatives passed the "Genius Act," aimed at significant legislative reform for cryptocurrency regulation, with a vote of 308 in favor and 122 against [17] - President Trump indicated that the U.S. may soon impose a 25% tariff on goods imported from Japan and could reach a trade agreement with India [18]

Core Viewpoint - The emergence of RDA (Real Data Assets) as a new form of stablecoin is gaining significant attention in the A-share market, particularly with companies like Shanghai Material Trade (600822.SH) and others experiencing substantial stock price increases due to this concept [1][2]. Group 1: RDA Concept and Market Response - RDA is positioned as a new asset form that integrates high-frequency, trustworthy, and assessable operational data with physical assets, aiming to solve trust issues inherent in previous models like RWA (Real-World Assets) [1][2]. - The market has shown high expectations for RDA, with companies like Shanghai Material Trade achieving multiple trading halts, indicating strong investor interest [1]. - RDA's differentiation from RWA lies in its ability to ensure data credibility through innovative mechanisms, addressing trust issues that have hindered RWA's adoption [2]. Group 2: Shanghai Material Trade's Position - Shanghai Material Trade is seen as a leader in the RDA space due to its existing data products and its relationship with the Shanghai Data Exchange, which positions it favorably for future RDA projects [4][5]. - The company’s core business remains traditional commodity trading, and while RDA could enhance its operational efficiency, the immediate impact on financial performance is expected to be minimal [4][6]. - The reliance on external policy support for RDA's success raises concerns about the sustainability of its current market enthusiasm, as the company lacks direct control over the project's execution [5][6]. Group 3: Financial Performance and Projections - In 2024, Shanghai Material Trade reported total revenue of 4.517 billion yuan, a 42.59% decline year-on-year, primarily due to challenges in its automotive trading segment [8]. - The contribution of data asset transactions to overall revenue is projected to be negligible, with even optimistic estimates suggesting it would account for less than 1% of total revenue [8][9]. - The company’s recent acquisition of a stake in a chemical market management firm raises questions about its financial viability, as the acquired entity has shown losses and may increase financial pressure on Shanghai Material Trade [11][13][14].

Industry News - The Ministry of Finance and the State Taxation Administration announced an adjustment to the consumption tax policy for ultra-luxury cars, with the taxable price threshold set at 900,000 yuan (excluding VAT) for various types of passenger cars and light commercial vehicles [3][4] - The agricultural sector reported a summer grain production of 299.48 billion jin, marking the second-highest production year in history [6] - A new rare earth mineral named "Neodymium Yellow River Mine" was discovered by a Chinese research team, receiving full approval from the International Mineralogical Association [6] - The photovoltaic industry is experiencing a recovery phase, with multiple government initiatives aimed at promoting high-quality development and addressing previous internal competition issues [23] Company News - Zhongwei Company announced a projected net profit increase of 31.61% to 41.28% year-on-year for the first half of the year [11] - Hangzhou Bank reported a 17% year-on-year growth in net profit for the first half of the year [12] - Gold Communication announced that it received an indictment from the prosecution regarding fraudulent stock issuance and the violation of important information disclosure [2][12] - *ST Shengxun announced that shareholders plan to reduce their holdings by a total of 5.08% of the company's shares [13] - Yutai Micro announced that a shareholder intends to reduce their holdings by no more than 3% of the company's shares [14]

Group 1 - Helen Piano's actual controllers are planning a change in control, leading to a suspension of stock trading from July 18, expected to last no more than two trading days [1] - Aerospace Development's independent director Zou Zhiwen resigned due to personal reasons and is under criminal detention for alleged collusion in bidding, which will affect the number of independent directors on the board [2] Group 2 - Zhongwei Company expects a net profit of 680 million to 730 million yuan for the first half of the year, representing a year-on-year growth of 31.61% to 41.28% [4] - Hangzhou Bank reported a net profit of 11.662 billion yuan for the first half of 2025, a year-on-year increase of 16.67% [4] - Qianyuan Power's net profit for the first half of the year is 12.7 million yuan, a year-on-year decrease of 4.54% [4] - Xiamen Tungsten's net profit for the first half of the year is 972 million yuan, a year-on-year decrease of 4.41% [4] Group 3 - Hongta Securities plans to repurchase company shares worth 100 million to 200 million yuan [4] - Huasheng Lithium plans to reduce its holdings by no more than 2.24% of the company's shares [4] Group 4 - State Grid Information Technology has recently won a total of 966 million yuan in State Grid tender procurement [4] - Beizi Technology signed a contract worth 164 million yuan [4] - Moulding Technology received a project designation letter for exterior parts, with an expected total sales amount of 2.044 billion yuan [4]

| 证券代码：600822 | 证券简称：上海物贸 | | | | 公告编号：临 | 2025-028 | | --- | --- | --- | --- | --- | --- | --- | | 900927 | | 物贸 | B | 股 | | | 上海物资贸易股份有限公司 股票交易风险提示公告 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： 股价累计涨幅较大风险。上海物资贸易股份有限公司（以下简称"公 司"）A 股股票于 2025 年 7 月 11 日、7 月 14 日、7 月 15 日、7 月 16 日、7 月 17 日连续 5 个交易日收盘价格触及涨停，累计上涨幅度 61.06%，公司股票短期 涨幅严重高于同期上证指数。2025 年 7 月 11 日、7 月 14 日、7 月 15 日、7 月 16 日、7 月 17 日连续 5 个交易日，公司股票累计换手率为 72.36%，显著高于公 司前期换手率水平，可能存在非理性炒作风险。公司基本面未发生重大变化，也 不存在应披露而未披露的重大信息。 市盈率、 ...

7月17日涨停分析 今日共58股涨停，连板股总数16只，27股封板未遂，封板率为68%（不含ST股、退市股）。焦点股方面，机器人概念股上纬新材20CM7连板、君禾股份2连 板，业绩预增的柳钢股份13天7板、联发股份3连板，数据要素概念股上海物贸5连板、中远海科5天3板。 | 股票名称 | 板数 | 涨跌幅 | 涨停时间 | 上涨逻辑 | | --- | --- | --- | --- | --- | | 浙江震元 000705 | 2天2板 | 10.01% | 09:25 | 创新药 | | 亚太药业 002370 | 2天2板 | 9.98% | 10:12 | 创新药 | | 维康药业 | 首板 | 19.99% | 09:45 | 创新药 | | 300878 | | | | | | 成都先导 688222 | 首板 | 20.02% | 10:25 | 创新药 | | 信立泰 | 首板 | 10.00% | 11:17 | 创新药 | | 002294 | | | | | | 迈威生物-U | 首板 | 19.99% | 14:17 | 创新药 | | 688062 | | | | | | 塞力医疗 ...

Group 1 - The Chinese government is promoting high-level opening-up and aims to maintain global supply chain stability, encouraging collaboration among countries [5] - The Ministry of Commerce has issued a notice to implement tax incentives for foreign investors reinvesting profits in China, aiming to stabilize investment expectations and reduce costs [5] - The National Energy Administration reported a record high in national electricity load, reaching 15.06 billion kilowatts, indicating a critical period for energy supply during peak summer [6] Group 2 - Seven major potassium fertilizer companies have jointly announced an initiative to increase supply and reduce prices, aiming to stabilize market expectations and return prices to reasonable levels [6][7] - The Henan provincial government has introduced policies to support mergers and acquisitions for listed companies, focusing on high-quality industrial development and resource allocation [7] - NVIDIA's CEO highlighted that China's open-source AI is catalyzing global AI innovation, with numerous projects utilizing NVIDIA's Omniverse platform for digital twin applications [8] Group 3 - Tesla's Model Y L, a luxury electric SUV, is set to be delivered in the fall, with significant specifications including a length of approximately 5 meters and a wheelbase exceeding 3 meters [11] - Postal Savings Bank plans to invest 10 billion yuan to establish a financial asset investment company [12] - Jinggong Steel Structure has signed a 550 million yuan project contract for the Jeddah Stadium and surrounding sports village, intended for the FIFA World Cup [13] Group 4 - Nvidia is expected to begin selling H20 chips in the Chinese market, indicating a strategic move to enhance its presence in the region [26]