上海申通地铁股份有限公司 2025 年第一次临时股东大会材料 上海申通地铁股份有限公司 2025 年第一次临时股东大会材料 2025 年 6 月 18 日 上海申通地铁股份有限公司 2025 年第一次临时股东大会材料 上海申通地铁股份有限公司 2025 年第一次临时股东大会须知 根据中国证券监督管理委员会《上市公司股东大会规范意见》的 规定，为维护投资者的合法权益，确保公司本次股东大会的顺利召开， 特制定会议须知如下，望出席股东大会全体人员遵守： 1、本次股东大会设秘书处，具体负责大会有关程序方面的事宜。 2、会议期间，全体出席人员应以维护股东的合法权益，确保会 议正常秩序和议事效率为原则，认真履行法定职责。 3、出席会议的股东及股东代表享有按秩序发言、咨询、表决等 各项权利。股东要求发言或就有关问题提出咨询时，应在会议开始后 的 15 分钟内向大会秘书处登记，并填写发言申请表。股东大会秘书 处将按股东发言登记时间先后，安排股东发言。 4、股东发言时应首先报告其姓名和所持有的公司股份数。为了 保证会议的高效率，每一股东发言应简洁明了，发言内容应围绕本次 股东大会的主要议题，每位股东发言时间不超过五分钟。公司董 ...

Group 1 - The company will hold its first extraordinary general meeting of shareholders in 2025 on June 18, 2025, at 14:45 at the Shenwang Hotel in Shanghai [2] - The meeting will focus on various proposals, including the cancellation of the supervisory board and amendments to the company's articles of association [5][6] - The proposed amendments include the establishment of an employee director position, adjustments to the powers of the shareholders' meeting and the board of directors, and a reduction in the shareholding percentage required for shareholder proposals from 3% to 1% [7][6] Group 2 - The company aims to enhance operational efficiency by ensuring that each shareholder's speech during the meeting is concise, with a time limit of five minutes per speaker [1] - The company will respond to shareholder inquiries collectively after all questions have been raised [1] - The meeting will also include a voting process, with specific guidelines to ensure orderly conduct and compliance with legal requirements [1][2] Group 3 - The company’s registered capital is reported to be 4,773.81905 million RMB [8] - The articles of association will be revised to clarify the roles and responsibilities of the audit committee, which will assume the functions of the supervisory board [6][7] - The company will ensure that all amendments comply with the relevant laws and regulations, including the Company Law and the Securities Law [6][7]

上海申通地铁股份有限公司 2025 年第一次临时股东大会材料 上海申通地铁股份有限公司 2025 年第一次临时股东大会材料 2025 年 6 月 18 日 上海申通地铁股份有限公司 2025 年第一次临时股东大会材料 上海申通地铁股份有限公司 2025 年第一次临时股东大会须知 根据中国证券监督管理委员会《上市公司股东大会规范意见》的 规定，为维护投资者的合法权益，确保公司本次股东大会的顺利召开， 特制定会议须知如下，望出席股东大会全体人员遵守： 1、本次股东大会设秘书处，具体负责大会有关程序方面的事宜。 2、会议期间，全体出席人员应以维护股东的合法权益，确保会 议正常秩序和议事效率为原则，认真履行法定职责。 3、出席会议的股东及股东代表享有按秩序发言、咨询、表决等 各项权利。股东要求发言或就有关问题提出咨询时，应在会议开始后 的 15 分钟内向大会秘书处登记，并填写发言申请表。股东大会秘书 处将按股东发言登记时间先后，安排股东发言。 4、股东发言时应首先报告其姓名和所持有的公司股份数。为了 保证会议的高效率，每一股东发言应简洁明了，发言内容应围绕本次 股东大会的主要议题，每位股东发言时间不超过五分钟。公司董 ...

Core Viewpoint - The company, Shanghai Shentong Metro Co., Ltd., is holding a Q1 2025 earnings presentation on June 16, 2025, to discuss its financial performance and address investor inquiries [1][2]. Group 1: Meeting Details - The earnings presentation is scheduled for June 16, 2025, from 10:00 to 11:00 [2]. - The meeting will take place at the Shanghai Stock Exchange Roadshow Center and will be conducted in an interactive online format [2][4]. - Investors can submit questions from June 9, 2025, to June 13, 2025, before 16:00 [2][3]. Group 2: Participants - Key participants in the meeting include Chairman Shi Junming, General Manager Jin Weizhong, Chief Financial Officer Yan Jichuan, Board Secretary Sun Sihui, and Independent Director Cao Yongqin [2]. Group 3: Contact Information - For inquiries, investors can contact Zhu Ying at 021-54259953 or via email at 600834@shtmetro.com [3].

证券代码：600834 证券简称：申通地铁 公告编号：2025-027 上海申通地铁股份有限公司 关于召开 2025 年第一季度业绩说明会的公告 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： https://roadshow.sseinfo.com/） 会议召开方式：上证路演中心网络互动 投资者可于 2025 年 06 月 09 日 （星期一） 至 06 月 13 日 （星 期五）16:00 前登录上证路演中心网站首页点击"提问预征集"栏目 或通过公司邮箱 600834@shtmetro.com 进行提问。公司将在说明会上 对投资者普遍关注的问题进行回答。 二、 说明会召开的时间、地点 （一）会议召开时间：2025年06月16日（星期一）10:00-11:00 上海申通地铁股份有限公司（以下简称"公司"）已于 2025 年 4 月 30 日发布公司 2025 年第一季度报告，为便于广大投资者更全面深 入地了解公司 2025 年第一季度经营成果、财务状况，公司计划于 2025 年 06 月 16 日 （星期一） ...

Investment Rating - The report maintains an "Overweight" rating for the transportation sector [5] Core Views - OPEC+ has accelerated production, which is expected to boost oil transportation demand. The organization agreed to increase oil production by 411,000 barrels per day for the third consecutive month, which is three times the planned increase from March. This increase is partly due to non-compliance by major member countries and aims to counteract the low oil prices affecting U.S. shale oil production [1] - The demand for oil transportation is likely to continue rising due to stricter sanctions on Russia and Iran's shadow fleets, alongside OPEC+'s strong willingness to increase production [1] - The shipping rates for the U.S. routes have surged due to easing trade conflicts and seasonal demand, with significant increases in average freight rates for both the West and East U.S. routes [2] Summary by Sections 1. Market Overview - The transportation sector's performance over the past five trading days showed a slight decline in major indices, while the transportation sector itself increased by 1.5%, ranking 10th among all sectors [3][8] - All sub-sectors within transportation experienced gains, with the highest increases seen in public transport (+7.51%), express delivery (+3.47%), and highways (+2.34%) [9][10] 2. Oil Transportation - As of May 30, 2025, the BDTI index was at 922 points, reflecting a 4.2% decrease from the previous week. VLCC rates were reported at $33,831 per day, down 18.7% week-on-week [15] - The global oil tanker capacity reached 463.26 million DWT, showing a year-on-year increase of 0.26% [27] 3. Container Shipping - The SCFI index averaged 2073 points as of May 30, 2025, marking a 30.7% increase. The average freight rates for the West U.S. and East U.S. routes were $5,172 and $6,243 per FEU, respectively, with increases of 57.9% and 45.7% [30] 4. Air Transportation - In April 2025, domestic passenger traffic in China reached 54.52 million, a year-on-year increase of 7.2%. International passenger traffic was 6.41 million, up 25.9% [56] - Major airports like Baiyun, Pudong, and Shenzhen reported significant increases in passenger throughput, with Baiyun Airport seeing a 26.3% year-on-year increase [65] 5. Express Delivery - In April 2025, the volume of express delivery services reached 16.3 billion pieces, a 19.1% increase year-on-year, while revenue was 121.3 billion yuan, up 10.8% [70] 6. Rail and Road Transportation - In April 2025, railway freight turnover was 3,019 billion ton-kilometers, up 8.4% year-on-year, while road freight turnover was 6,886 billion ton-kilometers, reflecting a 2.8% increase [80][82]

Summary of Key Points Core Viewpoint - Shentong Metro (600834) experienced a significant decline of 7.41% in its stock price, with a trading volume of 3.42 billion yuan and a turnover rate of 8.38% on the day of the report [2]. Trading Activity - The stock was listed on the Shanghai Stock Exchange for a deviation of -7.84% due to its daily drop, with a net selling amount of 1.2277 million yuan from brokerage seats [2]. - The top five brokerage seats accounted for a total transaction volume of 61.3522 million yuan, with buying transactions amounting to 30.0623 million yuan and selling transactions totaling 31.29 million yuan, resulting in a net selling of 1.2277 million yuan [2]. Major Buyers and Sellers - The largest buying brokerage was Guotai Junan Securities Headquarters, with a purchase amount of 10.0186 million yuan, while the largest selling brokerage was Dongfang Caifu Securities Lhasa Tuanjie Road First Securities Office, with a selling amount of 6.8881 million yuan [2]. Fund Flow - The stock saw a net outflow of 5.6278 million yuan in main funds, with large orders contributing to a net outflow of 2.7949 million yuan and big orders contributing to a net outflow of 2.8329 million yuan. Over the past five days, the net outflow of main funds reached 35.3473 million yuan [2]. Financial Performance - The company reported its Q1 earnings on April 30, showing a total revenue of 128 million yuan, a year-on-year decrease of 8.68%, and a net profit of 9.1485 million yuan, reflecting a year-on-year decline of 32.64% [2].

Market Overview - The market experienced a rebound with the ChiNext Index leading the gains, driven by strong performances in sectors such as autonomous vehicles and blockchain [1] - Over 4,400 stocks in the Shanghai and Shenzhen markets saw gains, with total trading volume reaching 1.21 trillion [1] Blockchain Sector - The blockchain sector surged, with stocks like Yuyin Co. and Xiongtai Technology hitting the daily limit [4] - A key catalyst for this surge was the Hong Kong Legislative Council's approval of the "Stablecoin Regulation Draft" on May 21, 2025, establishing a comprehensive regulatory framework for fiat-backed stablecoins [4] - Zhong An Bank, the first digital bank in Hong Kong to provide reserve banking services for stablecoin issuers, saw its stock rise over 70% in the last five trading days [4] Autonomous Logistics Vehicles - The autonomous logistics vehicle sector continued its upward trend, with companies like Tongda Electric and Cloud Inner Power achieving consecutive daily limits [6] - SF Express reported having over 800 customized autonomous vehicles in operation, with projections for significant growth in 2025 [6][8] - The global market for autonomous vehicles is expected to see exponential growth, with Tesla's Optimus targeting a production cost below $20,000 [8] EDA Design Software - EDA design software stocks experienced significant gains, with companies like Shentong Metro and Galun Electronics hitting daily limits [9] - The U.S. government's restrictions on semiconductor design software sales to Chinese companies have increased the difficulty for China to develop advanced chips, impacting the EDA market [9][10] - The Chinese EDA market is projected to grow from approximately 13.1 billion yuan in 2023 to 22.2 billion yuan by 2026, outpacing global growth rates [10][11] Other Active Sectors - The innovative drug sector saw renewed activity, with companies like Shutaishen hitting daily limits [11] - The nuclear fusion sector also showed strong performance, with companies like Jiusheng Electric and Huaneng Group experiencing notable gains [11] - The overall market sentiment remains positive, with various sectors including pharmaceuticals and autonomous driving showing robust activity [11]

Core Viewpoint - The U.S. government is reportedly planning to restrict exports of semiconductor design software to China, which will significantly impact the Electronic Design Automation (EDA) industry, particularly affecting major companies like Cadence, Synopsys, and Siemens EDA that dominate the Chinese market [4][12]. Group 1: Market Impact - EDA concept stocks surged, with notable increases such as Gexun Electronics rising over 11% and Huada Jiutian and Guangliwei both increasing over 10% [1]. - The EDA market in China is currently dominated by three major international companies, which together hold approximately 80% of the market share [4][12]. - Synopsys reported that its sales in the Chinese market for fiscal year 2024 are expected to approach $1 billion, accounting for about 16% of its total revenue [4]. - Cadence indicated that its revenue from the Chinese market is $550 million, representing 12% of its total revenue [5]. Group 2: Domestic Market Potential - The current domestic EDA market has a low localization rate of less than 2%, indicating significant potential for domestic replacement [13]. - The China Semiconductor Industry Association predicts that the EDA market size in China will reach 18.49 billion yuan by 2025 [13]. Group 3: Mergers and Acquisitions - EDA companies are accelerating mergers and acquisitions to enhance their product lines and build comprehensive capabilities [14]. - Domestic EDA leaders Huada Jiutian and Gexun Electronics have announced fundraising for acquisitions [15]. - Huada Jiutian plans to acquire 100% of Chip and Semiconductor through a combination of stock issuance and cash payment [16]. - Gexun Electronics intends to acquire 100% of Ruicheng Chip Micro and 45.64% of Naneng Micro, aiming to integrate EDA tools with IP cores [18][19]. - The combination of the merger wave and the vast potential for domestic replacement suggests a promising outlook for the EDA sector in the short term [20].

Group 1 - The A-share EDA (Electronic Design Automation) sector experienced significant gains, with companies like Gelun Electronics rising over 11% [1] - Other notable performers include Huada Jiutian and Guangliwei, both increasing by over 10% [1] - Shentong Metro reached its daily limit up, while Guangdong Electric Power A also hit the upper limit, indicating strong market interest [1] - Anlu Technology and several other companies in the sector also saw substantial increases in their stock prices [1]