《关于德邦物流股份有限公司 特此回复。 股票交易异常波动有关事项的问询函》的回函 宿迁京东 H 德邦物流股份有限公司: 本公司收到贵公司发来的《关于德邦物流股份有限公司股票交 易异常波动有关事项的问询函》。本公司作为贵公司的间接控股股东, 经认真自查,现就有关情况回复如下: 截至本回函出具之日,除公司已公告的相关事项外,不存在影 响贵公司股票交易异常波动的重大事项,不存在涉及贵公司应披露 而未披露的重大信息,包括但不限于重大资产重组、股份发行、重 大交易类事项、业务重组、股份回购、股权激励、破产重整、重大 业务合作、引进战略投资者等重大事项。 本次股票交易异常波动期间(2025年6月4日至6月6日),本 公司不存在买卖贵公司股票的情形。 ...

截至本回函出具之日,除公司已公告的相关事项外,不存在影 响贵公司股票交易异常波动的重大事项,不存在涉及贵公司应披露 而未披露的重大信息,包括但不限于重大资产重组、股份发行、重 大交易类事项、业务重组、股份回购、股权激励、破产重整、重大 业务合作、引进战略投资者等重大事项。 本次股票交易异常波动期间(2025年6月4日至6月6日),本 公司不存在买卖贵公司股票的情形。 特此回复。 宁波梅山保税港区德邦投 《关于德邦物流股份有限公司 股票交易异常波动有关事项的问询函》的回函 德邦物流股份有限公司: 本公司收到贵公司发来的《关于德邦物流股份有限公司股票交 易异常波动有关事项的问询函》。本公司作为贵公司的控股股东,经 认真自查，现就有关情况回复如下： ...

Core Viewpoint - The recent surge in the "unmanned logistics vehicle" concept has sparked significant interest in the capital market, with companies like Jiushi Intelligent and New Stone Technology leading the charge, despite some companies clarifying their lack of actual involvement in this sector [1][2][3]. Group 1: Market Activity - Jiushi Intelligent launched its new E-series unmanned logistics vehicle platform and the E6 model, priced at 19,800 yuan [1]. - Debon Logistics (603056.SH) experienced a stock price increase of 72.16% from May 26 to June 3, achieving a five-day consecutive limit-up [2]. - Other logistics stocks such as New Ning Logistics (300013.SZ) and Tongda Electric (603390.SH) also showed active performance during this period [1]. Group 2: Company Clarifications - Debon Logistics clarified that it has no actual application of unmanned logistics vehicles despite the stock price surge [2][3]. - Tongda Electric announced that it has no business revenue related to unmanned logistics vehicles or autonomous driving [3]. - Wantong Technology (002331.SZ) also stated that its products do not involve unmanned logistics vehicles [4]. Group 3: Demand for Unmanned Logistics Vehicles - The demand for unmanned logistics vehicles is real, with significant market interest driven by cost reduction and efficiency improvements [5]. - New Stone Technology's CEO reported that the unmanned delivery vehicle industry is growing at ten times the rate of the previous year, with monthly deliveries exceeding 1,000 units [5]. - The logistics sector is experiencing a surge in demand for unmanned vehicles, particularly from rural areas, as companies innovate delivery methods to enhance efficiency [5]. Group 4: Market Drivers - The commercialization of unmanned logistics vehicles is supported by decreasing costs of core components like lidar, chips, and batteries, bringing manufacturing costs down to the tens of thousands of yuan [6]. - The rapid application of large models in autonomous driving is reducing the time and cost of road data collection, facilitating quicker deliveries and better management [6]. - The logistics industry is under pressure to reduce costs, particularly in the competitive express delivery sector, making unmanned vehicles a viable solution [7]. Group 5: Regulatory Environment - The growth of unmanned logistics vehicles is currently hindered by regulatory challenges, including the need for testing licenses and the absence of unified standards [8]. - The majority of unmanned vehicles are limited to low-speed operations, primarily for last-mile delivery, with limited involvement in long-distance logistics [8]. - However, the regulatory environment is improving, with pilot programs allowing for broader applications of intelligent connected vehicles in various cities [8].

证券代码：603056 证券简称：德邦股份 公告编号：2025-030 德邦物流股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 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、准确性和完整性依法承担法律责任。 重要内容提示： 司提供相应担保的风险； 划实施的风险； 公司于 2025 年 4 月 24 日召开第六届董事会第五次会议，会议审议通过了《关 于以集中竞价交易方式回购股份预案的议案》。详见公司于 4 月 25 日在上海证券 交易所（以下简称"上交所"）网站（www.sse.com.cn）披露的《德邦物流股份 有限公司关于以集中竞价交易方式回购股份的预案》（公告编号：2025-013）。 （二）本次回购股份方案提交股东会审议情况 公司于 2025 年 5 月 16 日召开 2024 年年度股东会，会议逐项审议并通过了《关 于以集中竞价交易方式回购股份预案的议案》。详见公司于 5 月 17 日在上交所网 站（www.sse.com.cn）披露的《德邦物流股份有限公司 2024 年年度股东会决议公 告》（公告编号：2025-023）。 财务情况、 ...

证券代码：603056 证券简称：德邦股份 公告编号：2025-030 德邦物流股份有限公司 关于以集中竞价交易方式回购股份的回购报告书 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、准确性和完整性依法承担法律责任。 重要内容提示： 1、本次回购方案需通知债权人，存在债权人要求公司提前清偿债务或要求公 司提供相应担保的风险； 2、公司股票价格持续超出回购方案披露的价格上限，导致回购方案无法按计 划实施的风险； 3、若发生对公司股票交易价格产生重大影响的重大事项，或公司生产经营、 财务情况、外部客观情况发生重大变化，或其他导致公司董事会决定终止本次回 购方案等事项，则存在回购方案无法按计划实施的风险； 4、回购股份所需资金未能到位，导致回购方案无法实施的风险； 回购股份金额：本次回购资金总额不低于人民币 7,500 万元（含，下同）,不 超过人民币 15,000 万元（含，下同）； 回购股份资金来源：本次回购股份的资金来源为德邦物流股份有限公司（以下 简称"公司"）自有资金； 回购股份用途：本次回购的股份将全部予以注销并减少公司注册资本； 回购股份价格：本 ...

提供担保金额：近期公司为全资及控股子公司提供担保金额合计为人民 币 564.09 万元。 截止 2025 年 5 月 31 日，公司及子公司已实际提供的担保余额为人民币 118,584.55 万元。 本次担保是否有反担保：本次新增担保事项无反担保。 对外担保逾期的累计数量：无。 特别风险提示：本次新增担保存在被担保对象最近一期资产负债率超过 70%的情形，敬请投资者充分关注担保风险。 证券代码：603056 证券简称：德邦股份 公告编号：2025-029 德邦物流股份有限公司关于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。 重要内容提示： 被担保人名称：德邦物流股份有限公司（以下简称"公司"、"本公司" 或"德邦股份"）的全资及控股子公司。 一、担保情况概述 （一）担保履行的决策程序 公司第六届董事会第五次会议及2024年年度股东会审议通过了《关于公司 2025年度银行授信及担保额度预计的议案》。公司预计2025年新增对外担保（包 括公司及子公司对子公司）额度不超过7.00亿元，其中为资产负债率70%及以 ...

Core Viewpoint - The company plans to repurchase shares with a budget ranging from 75 million to 150 million yuan, with a maximum repurchase price of 16 yuan per share [1] Group 1 - The repurchased shares will be fully canceled, leading to a reduction in the company's registered capital [1] - The funding for the repurchase will come from the company's own funds [1] - The repurchase period is set for 12 months from the date the shareholders' meeting approves the repurchase plan [1] Group 2 - The company's board of directors approved the repurchase plan on April 24, 2025, and it was subsequently approved by the annual shareholders' meeting on May 16, 2025 [1] - The company has completed the necessary procedures to notify creditors [1]

Core Viewpoint - The recent surge in the stock price of Debon Logistics (603056.SH) was driven by speculation around the "unmanned logistics vehicle" concept and increased holdings by JD Group, but this excitement has cooled following warnings about risks and a significant drop in the company's net profit [1][3][5]. Group 1: Stock Performance and Market Reactions - Debon Logistics experienced a dramatic increase in stock price, achieving a cumulative rise of over 70% from May 26 to June 3, with five consecutive trading days of price limits [1][3]. - The stock's rise was primarily fueled by a joint announcement from the Ministry of Commerce and other departments on May 26, promoting the development of smart supply chains and the use of unmanned delivery vehicles [3][4]. - Despite the stock's initial success, institutional investors began to withdraw, selling a total of 1.54 billion and 2.49 billion yuan on May 28 and 30, respectively [4]. Group 2: Company Background and Financial Performance - Debon Logistics, acquired by JD Group in 2022, initially saw a significant increase in performance, with a net profit growth of 339% in 2022 [6]. - However, the company's revenue growth has slowed, with projected revenues of 362.79 billion yuan and 403.63 billion yuan for 2023 and 2024, representing only 15.57% and 11.26% year-on-year growth [6][7]. - The company has faced challenges in maintaining its competitive edge, with a reported net loss of 68.38 million yuan in Q1 2025, a drastic decline of 173.69% year-on-year [7]. Group 3: Relationship with JD Group - Following the acquisition, the scale of related transactions between Debon Logistics and JD Group has increased, with expected transaction amounts of 33.86 billion yuan and 58.33 billion yuan for 2023 and 2024 [6][7]. - Despite the increase in related transactions, the performance of the express delivery business has declined, with revenues of 2.728 billion yuan and 2.192 billion yuan in 2023 and 2024, reflecting year-on-year declines of 11.22% and 19.67% [7].

证券代码：603056 证券简称：德邦股份 公告编号：2025-028 德邦物流股份有限公司 2024年年度权益分派实施公告 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： 每股分配比例 A 股每股现金红利0.144元（含税） 截至股权登记日下午上海证券交易所收市后，在中国证券登记结算有限责任公司上海分 公司（以下简称"中国结算上海分公司"）登记在册的本公司全体股东。 3. 分配方案： 本次利润分配以方案实施前的公司总股本1,019,815,388股为基数，每股派发现金红利 1. 发放年度：2024年年度 2. 分派对象： 0.144元（含税），共计派发现金红利146,853,415.87元（含税）。 相关日期 | 股份类别 | 股权登记日 | 最后交易日 | 除权（息）日 | 现金红利发放日 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/6/10 | － | 2025/6/11 | 2025/6/11 | 差异化分红送转： 否 一、 通过分配方案的股东会届次和日期 ...

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]