证券代码：600998 证券简称：九州通 公告编号：临 2025-010 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。 1 九州通医药集团股份有限公司董事会 重要内容提示： ● 汇添富九州通医药REIT自2025年2月27日起在上海证券交易所上市，交 易代码为"508084"，基金场内简称为"九州通R"。 汇添富九州通医药仓储物流封闭式基础设施证券投资基金（简称"汇添富九 州通医药 REIT"）已于 2025 年 2 月 12 日完成发售（详见公司于 2025 年 2 月 13 日披露的《九州通关于医药仓储物流基础设施公募 REITs 发行情况的公告》）， 最终募集基金份额 4 亿份，发售价格为 2.895 元/份，基金募集资金总额为人民币 11.58 亿元。 2025 年 2 月 27 日，汇添富九州通医药 REIT 开始在上海证券交易所上市交 易，交易代码为"508084"，基金场内简称为"九州通 R"，扩位简称为"汇添富 九州通医药 REIT"；基金上市首日涨跌幅限制比例为 30%，非上市首日涨跌幅 限制比例为 10% ...

证券代码：600998 证券简称：九州通 公告编号：临 2025-009 九州通医药集团股份有限公司 ●公司控股股东楚昌投资及其一致行动人上海弘康分别持有公司股份497,991,174股 和1,088,326,782股，占公司总股本的比例分别为9.88%和21.58%。本次股份解除质押及质 押办理完成后，楚昌投资和上海弘康分别累计质押公司股份267,502,680股和676,002,652 股，占其所持股份的比例分别为53.72%和62.11%，占公司总股本的比例分别为5.30%和 13.41%。 ●截至本公告提交日，控股股东楚昌投资及其一致行动人合计持有公司股份 2,329,447,566股，占公司总股本的比例46.20%。本次股份解除质押及质押办理完成后， 控股股东楚昌投资及其一致行动人所持公司股份中已质押的股份总数为1,317,616,626股， 占其所持股份的比例为56.56%，占公司总股本的比例为26.13%。 2025年2月24日，九州通医药集团股份有限公司（以下简称"公司"）收到控股股东 楚昌投资集团有限公司（以下简称"楚昌投资"）及其一致行动人上海弘康实业投资 1 有限公司（以下简称"上海弘康 ...

Core Viewpoint - The recent private enterprise symposium in Beijing, chaired by President Xi Jinping, emphasizes strong support for the development of private enterprises, which is seen as a significant opportunity for companies like Jiuzhoutong [1] Group 1: Company Strategy - Jiuzhoutong, the largest private pharmaceutical distribution company in China, is committed to advancing its "three new and two digitalization" strategy, which includes new products, new retail, new healthcare, digitalization, and real estate securitization (REITs) [1] - The company aims to transform from traditional pharmaceutical distribution to a more digital, platform-based, and internet-driven model [1] Group 2: Industry Focus - The symposium highlighted the importance of "sticking to the main business and strengthening the real economy," reinforcing Jiuzhoutong's commitment to focus on development and core business [1] - Jiuzhoutong plans to leverage modern logistics, information technology, the internet, big data, and artificial intelligence to explore new tracks, new formats, and new models in the health industry [1] Group 3: Governance and Risk Management - Modernizing the corporate governance system was a key focus for participating entrepreneurs, and Jiuzhoutong has responded by establishing a modern governance framework and improving its corporate governance structure and risk prevention mechanisms [1]

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。 证券代码：600998 证券简称：九州通 公告编号：临 2025-008 九州通医药集团股份有限公司 关于股东解除股份质押及质押的公告 重要内容提示： ●公司股东上海弘康合计办理完成58,020,000股的股份解除质押手续，解除质押股份 占其所持股份的比例为5.33%，占公司总股本的比例为1.15%。此外，上海弘康拟办理 31,000,000股的股份质押手续，质押股份占其所持股份的比例为2.85%，占公司总股本的 比例为0.61%。公司股东北京点金办理完成37,000,000股的股份质押手续，本次质押股份 占其所持股份比例为13.38%，占公司总股本的比例为0.73%。 ●截至本公告提交日，控股股东楚昌投资及其一致行动人合计持有公司股份 2,329,447,566股，占公司总股本的比例为46.20%。本次股份解除质押及质押办理完成后， 控股股东楚昌投资及其一致行动人所持公司股份中已质押的股份总数为1,315,759,464股， 占其所持股份的比例为56.48%，占公司总股本的比例 ...

Group 1 - The chairman of Jiuzhoutong, Liu Changyun, expressed optimism about the opportunities arising from the 2025 private enterprise symposium hosted by President Xi Jinping, marking his first such meeting in seven years [1] - Jiuzhoutong is committed to actively pursuing its "Three New and Two Transformations" strategy, which includes new products, new retail, new healthcare, digitalization, and real estate securitization (REITs) [1] - The company aims to transition from traditional pharmaceutical distribution to a more digital, platform-based, and internet-oriented business model [1]

重要内容提示： 证券代码：600998 证券简称：九州通 公告编号：临 2025-007 九州通医药集团股份有限公司 关于为子公司提供担保的进展公告 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。 ● 被担保人名称及是否为上市公司关联人：被担保人包括河北九州通医药有限 公司、山东九州通医药有限公司等 33 家子公司（含深圳九州通医药有限公司、 广西九州通医药有限公司等 16 家全资子公司），不存在关联担保； ● 本次担保金额及已实际提供的担保余额：九州通医药集团股份有限公司（以 下简称"公司"或"九州通集团"）1 月新增担保金额合计 198,595.72 万元，同 时解除担保金额合计 235,310.00 万元。2025 年经批准的公司及下属企业向银行 等金融机构和其他机构办理综合授信及其他业务的总额不超过 736.57 亿元，截 至 2025 年 1 月 31 日，公司实际提供担保余额为 276.25 亿元，主要为对控股子 公司（含全资子公司）及其下属企业的担保，公司拥有被担保方的控制权，且 其现有经营状况良好，因此担保风险 ...

Group 1 - The core viewpoint of the news is that Jiuzhoutong has successfully launched China's first public REIT focused on pharmaceutical warehousing and logistics, raising a total of 1.158 billion yuan [1][2] - The REIT issuance will help Jiuzhoutong to revitalize its pharmaceutical warehousing and logistics assets, recover equity funds, and promote rapid development of its main business [2] - The underlying asset for the REIT is the East Lake Modern Pharmaceutical Warehousing and Logistics Center, recognized as a national model for intelligent warehousing and logistics [2] Group 2 - Jiuzhoutong is the largest private pharmaceutical distribution company in China, continuously upgrading its main business and service system, covering various new business formats [3] - The company's core competitiveness is supported by its digitalization and real estate securitization strategies, with a focus on REITs as part of its overall strategy [3] - Jiuzhoutong owns 141 pharmaceutical warehousing and logistics facilities across 31 provincial capitals and 110 prefecture-level cities, making it one of the largest holders of pharmaceutical warehousing assets in the country [3]

● 汇添富九州通医药REIT最终募集基金份额4亿份，发售价格为2.895元/份， 基金募集资金总额为人民币11.58亿元。其中，网下投资者认购数量为0.70亿份， 占发售份额总数的17.50%，有效认购倍数达50倍；公众投资者认购数量为0.30亿 份，占发售份额总数的7.50%，有效认购倍数达1,192倍。 汇添富九州通医药仓储物流封闭式基础设施证券投资基金（以下简称"汇添 富九州通医药 REIT"）分别于 2024 年 12 月 20 日和 12 月 24 日获得上海证券交 易所和中国证券监督管理委员会出具的无异议函和准予注册批复。（详见公司分 别于 2024 年 12 月 23 日和 12 月 25 日披露的公告。） 证券代码：600998 证券简称：九州通 公告编号：临 2025-006 九州通医药集团股份有限公司 关于医药仓储物流基础设施公募 REITs 发行情况的公告 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： 本次医药仓储物流基础设施公募 REITs 的发行将助力九州通医药集团股份 有限公司（以 ...

北京市朝阳区建外大街甲 14 号广播大厦 5/9/10/13/17 层 北京海润天睿律师事务所 关于九州通医药集团股份有限公司 2025 年第一次临时股东会的法律意见书 致：九州通医药集团股份有限公司 北京海润天睿律师事务所（以下简称"本所"）接受九州通医药集团股份有 限公司（以下简称"公司"）的委托，指派本所律师出席公司 2025 年第一次临 时股东会（以下简称"本次股东会"），并依据《中华人民共和国公司法》（以 下简称《公司法》）、《上市公司股东大会规则》（以下简称《股东大会规则》）、 《公司章程》及其他相关法律、法规的规定，就公司本次股东会的召集、召开程 序、出席会议人员的资格、召集人资格、表决程序及表决结果等有关事宜出具本 法律意见书。 对本法律意见书的出具，本所律师特作如下声明：本所及经办律师依据《证 券法》《律师事务所从事证券法律业务管理办法》和《律师事务所证券法律业务 执业规则》等规定及本法律意见书出具日以前已经发生或者存在的事实，严格履 行了法定职责，遵循了勤勉尽责和诚实信用原则，进行了充分的核查验证，保证 本法律意见所认定的事实真实、准确、完整，所发表的结论性意见合法、准确， 不存在虚假记载 ...

Summary of Conference Call Records Company and Industry Overview - The conference call primarily discusses **Jiuzhoutong**, a leading pharmaceutical distribution company in China, focusing on its recent REITs issuance and overall business strategy in the pharmaceutical commercial sector [1][2][3]. Key Points and Arguments 1. **REITs Issuance**: - Jiuzhoutong is set to approve assets worth approximately **17.2 million square meters** for REITs issuance, which is relatively small compared to its overall logistics assets [1][2]. - The issuance is expected to enhance the company's profits and creditworthiness significantly [1][2]. 2. **Logistics Assets**: - The company currently operates over **4.3 million square meters** of logistics facilities, with **3.3 million square meters** meeting FIRIS requirements [2][5]. - The assessed value of the logistics assets in Wuhan is approximately **309 million** yuan, with a post-issuance valuation of **1.098 billion** yuan [4][6]. 3. **Asset Utilization and Efficiency**: - The fixed asset turnover rate for Jiuzhoutong is relatively low compared to leading pharmaceutical companies in the US and Japan, which have turnover rates exceeding **100%** [3][4]. - The company aims to improve its asset utilization through strategic asset management and expansion of logistics capabilities [3][4]. 4. **Financial Impact**: - Post-issuance, Jiuzhoutong will retain **34%** equity in the REITs, translating to approximately **378 million** yuan in long-term equity investment on its balance sheet [5][6]. - The expected cash inflow from the issuance is projected to exceed **500 million** yuan, significantly bolstering the company's financial position [6][7]. 5. **Cost Structure and Tax Implications**: - The company anticipates tax costs related to asset appreciation to be around **200 million** yuan, primarily due to the difference between assessed and book values [6][7]. - The annual depreciation cost for the logistics assets is approximately **30 million** yuan, which will change post-issuance [7][8]. 6. **Market Dynamics**: - The pharmaceutical distribution market is experiencing a shift, with a focus on larger chain pharmacies rather than smaller distributors, which may stabilize Jiuzhoutong's revenue streams [16][17]. - The growth rate for the second terminal (retail pharmacies) has shown signs of slowing, influenced by healthcare policies and market conditions [16][17]. 7. **Future Growth and Strategy**: - Jiuzhoutong plans to enhance its logistics network's intelligence and efficiency, which is crucial for supporting its core business and expanding into new markets [15][16]. - The company is also exploring new logistics centers in key areas to further strengthen its operational capabilities [15][16]. Additional Important Insights - The company’s CSO (Contract Sales Organization) business has shown stable growth, primarily focusing on OTC (Over-the-Counter) products, which are less affected by regulatory changes [17]. - The overall trend in the pharmaceutical retail market indicates a potential increase in the concentration of pharmacies, which could benefit larger distributors like Jiuzhoutong [16][17]. This summary encapsulates the critical insights from the conference call, highlighting Jiuzhoutong's strategic initiatives, financial implications, and market positioning within the pharmaceutical distribution industry.