[Hengtong Logistics Co., Ltd. 2025 Semi-Annual Performance Forecast](index=1&type=section&id=Hengtong%20Logistics%20Co.%2C%20Ltd.%202025%20Semi-Annual%20Performance%20Forecast) [Current Period Performance Forecast](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates significant performance growth for the first half of 2025, with net profit attributable to shareholders projected to increase by **32.06% to 51.35%** based on preliminary unaudited estimates 2025 Semi-Annual Performance Forecast | Indicator | 2025 Semi-Annual Estimate (million CNY) | Year-over-Year Growth (%) | | :--- | :--- | :--- | | **Net Profit Attributable to Parent** | 94.5 - 108.3 | 32.06 - 51.35 | | **Net Profit Attributable to Parent (Excl. Non-recurring P/L)** | 91.6 - 103.7 | 30.04 - 47.22 | - This performance forecast is a preliminary estimate based on current operations and has not yet been audited[4](index=4&type=chunk) [Prior Period Performance Overview](index=1&type=section&id=II.%20Prior%20Period%20Performance%20Overview) The company reported its H1 2024 performance as a comparative baseline, with net profit attributable to shareholders at **CNY 71.56 million** and non-recurring profit/loss adjusted net profit at **CNY 70.44 million** 2024 Semi-Annual Financial Data | Indicator | 2024 Semi-Annual Amount (million CNY) | | :--- | :--- | | Total Profit | 83.34 | | Net Profit Attributable to Parent | 71.56 | | Net Profit Attributable to Parent (Excl. Non-recurring P/L) | 70.44 | | Basic Earnings Per Share (CNY) | 0.10 | [Key Reasons for Current Period Performance Increase](index=1&type=section&id=III.%20Key%20Reasons%20for%20Current%20Period%20Performance%20Increase) The primary driver for the anticipated performance increase is the port business segment, benefiting from the operationalization of new berths and increased throughput at Shandong Yulong Port, significantly boosting profitability - Performance growth is primarily attributed to a significant increase in profitability from the port business segment[7](index=7&type=chunk) - This is due to the commissioning of new production berths by wholly-owned subsidiary Shandong Yulong Port Co., Ltd., benefiting from the ramp-up of production capacity at Shandong Yulong Petrochemical Industrial Park, leading to substantial increases in terminal throughput and port utilization[7](index=7&type=chunk) [Risk Warning](index=2&type=section&id=IV.%20Risk%20Warning) The company warns that the performance forecast data is a preliminary calculation based on financial department's professional judgment and has not been audited by certified public accountants, thus carrying inherent uncertainties - The performance forecast data has not been audited by certified public accountants and is subject to uncertainty[8](index=8&type=chunk) [Other Explanatory Matters](index=2&type=section&id=V.%20Other%20Explanatory%20Matters) The company reiterates that the disclosed data is preliminary, and final accurate financial figures will be based on the officially released 2025 semi-annual report, advising investors to exercise caution - Final financial data will be subject to the company's officially disclosed 2025 semi-annual report, and investors are advised to be aware of investment risks[9](index=9&type=chunk)

Core Viewpoint - Hengtong Co., Ltd. is accelerating resource integration through the acquisition of Guangxi Hengtong Energy Technology Co., Ltd. to enhance its LNG business and optimize its asset structure [1][2]. Group 1: Acquisition and Business Expansion - Hengtong's wholly-owned subsidiary, Shandong Hengfu Oasis New Energy Co., Ltd., plans to acquire 100% of Guangxi Hengtong for 81.812 million yuan, aiming to integrate resources and expand LNG-related operations [1]. - The acquisition will complement Hengtong's existing LNG sales network in North and East China, creating a nationwide LNG trading system [2]. - The LNG business is a significant revenue driver, with projected revenue of 1.276 billion yuan in 2024, accounting for 63.7% of total revenue [2]. Group 2: Port Business Growth - Hengtong is transitioning from a traditional road transport company to a comprehensive port service provider, with its core asset, Shandong Yulong Port Co., Ltd., driving significant revenue growth [3]. - In 2024, the port business is expected to see a 120.26% year-on-year revenue increase to 218 million yuan, continuing to grow at 68% in Q1 2025 [3]. - The company has improved logistics efficiency by 30% and reduced logistics costs by 18% through the implementation of an intelligent production management system [3][4]. Group 3: Future Outlook - Hengtong plans to focus on enhancing the operational efficiency of its core assets and promoting the synergy between port logistics and regional economic development [4]. - The company aims for sustained profitability improvements as its port business continues to expand and its asset structure is optimized [4].

Core Viewpoint - The company, Hengtong Logistics Co., Ltd., plans to acquire 100% equity of its subsidiary, Guangxi Huatong Energy Technology Co., Ltd., from its controlling subsidiary, Huaheng Energy Co., Ltd., for a total consideration of 81,811,985.71 yuan as part of its strategy to better integrate resources and enhance its LNG-related business operations [1][2][10]. Transaction Overview - The acquisition is based on the need to dispose of the equity of Guangxi Huatong due to the planned dissolution of Huaheng Energy [2][6]. - The transaction was approved by the company's board of directors and does not require shareholder approval [2][10]. - The funding for the acquisition will come from the self-owned or self-raised funds of Hengtong's subsidiary, Hengfu Oasis [2][6]. Counterparty Information - The counterparty for the transaction is Huaheng Energy Co., Ltd., which holds a 73% stake in Hengtong Logistics and has a registered capital of 106 million yuan [3][4]. Target Company Information - Guangxi Huatong Energy Technology Co., Ltd. was established on September 22, 2017, with a registered capital of 10 million yuan and operates in the fields of new energy technology consulting and transportation [4][5]. - The financial status of Guangxi Huatong is normal, with no significant performance risks [5]. Financial Data - As of June 30, 2025, Guangxi Huatong's total assets were approximately 80.17 million yuan, with total liabilities of about 0.33 million yuan and a net profit of approximately -2.05 million yuan [6]. - The valuation of the target assets was determined to be 98.95 million yuan based on an asset assessment conducted by a qualified evaluation company [6][7]. Purpose and Impact of the Transaction - The transaction aims to facilitate the integration of resources and improve the company's LNG-related business operations [9][10]. - The pricing of the transaction is based on the assessment results and is deemed fair, ensuring no harm to the interests of the company and its shareholders [10].

Audit Opinion - The audit report states that the financial statements of Guangxi Huahengtong Energy Technology Co., Ltd. (hereinafter referred to as Huahengtong) have been prepared in accordance with accounting standards and fairly reflect the company's financial position as of February 28, 2025, and its operating results and cash flows for January to February 2025 [2][3]. Management and Governance Responsibilities - The management of Huahengtong is responsible for preparing financial statements that fairly reflect the company's financial position and for maintaining necessary internal controls to prevent material misstatements due to fraud or error [3][4]. - The governance layer is responsible for overseeing the financial reporting process of Huahengtong [3]. Auditor's Responsibilities - The auditor's goal is to obtain reasonable assurance that the financial statements are free from material misstatement, whether due to fraud or error, and to issue an audit report that includes the audit opinion [4][5]. - The auditor identifies and assesses risks of material misstatement due to fraud or error and designs audit procedures to address these risks [5][6]. Company Overview - Guangxi Huahengtong Energy Technology Co., Ltd. was established on September 22, 2017, with a registered capital of RMB 100 million. The company is located at 31 Chating Road, Beihai City [6][7]. - The company's business scope includes new energy technology consulting, machinery equipment leasing, road cargo transportation, and sales of gas appliances and related components [6]. Financial Reporting Basis - The financial statements are prepared on a going concern basis, reflecting that the company has stable operations and a reasonable asset-liability structure, with no significant adverse risks affecting its ability to continue as a going concern [7][8]. Important Accounting Policies - The company follows the accrual basis of accounting and measures assets at historical cost, with provisions for impairment as necessary [7][8]. - The company uses the weighted average method for inventory cost determination and recognizes inventory at the lower of cost or net realizable value [22][23]. Financial Instruments - Financial assets are classified based on the business model for managing them and their cash flow characteristics, including those measured at amortized cost and those measured at fair value [9][10]. - The company recognizes expected credit losses for financial instruments based on their credit risk stages, with different measurement approaches for each stage [17][18]. Long-term Equity Investments - Long-term equity investments are accounted for using the cost method or the equity method, depending on the level of control or influence the company has over the investee [23][24]. - The company assesses whether there are indications of impairment for long-term equity investments and recognizes impairment losses when necessary [29][30]. Fixed Assets - Fixed assets are recognized at cost and depreciated using the straight-line method over their useful lives, with specific depreciation rates for different asset categories [30][31]. Intangible Assets - Intangible assets are recognized based on contractual or legal rights, with their useful lives determined accordingly. Research phase expenditures are expensed, while development phase expenditures may be capitalized if certain criteria are met [32][34].

Core Points - The company held its 11th meeting of the 5th Board of Directors on July 1, 2025, where all 9 directors attended, including 3 independent directors [1] - The board approved the acquisition of 100% equity of Guangxi Huahengtong Energy Technology Co., Ltd. from Huaheng Energy Co., Ltd. for 81,811,985.71 yuan to enhance LNG-related business operations [1] - The company decided to extend the duration of its 2021 employee stock ownership plan until September 6, 2027, reflecting confidence in future development and company value [2] Group 1 - The board meeting was legally valid with all directors present, and the resolutions were passed unanimously [1] - The acquisition aims to consolidate resources and improve the company's LNG business [1] - The employee stock ownership plan extension allows for potential future discussions regarding the sale of stocks if not sold by the expiration date [2]

广西华恒通能源科技有限公司 审计报告 和信审字（2025）第 070026 号 | 目 录 | 页 | 码 | | --- | --- | --- | | 一、审计报告 | 1-3 | | | 二、已审财务报表及附注 | | | | 1、资产负债表 | 4-5 | | | 2、利润表 | 6 | | | 3、现金流量表 | 7 | | | 4、所有者权益变动表 | 8-9 | | | 5、财务报表附注 | 10-41 | | 和信会计师事务所（特殊普通合伙） 烟台芝罘分所 二○二五年三月二十日 广西华恒通能源科技有限公司 报告正文 审 计 报 告 和信审字（2025）第 070026 号 广西华恒通能源科技有限公司董事会： 一、审计意见 我们审计了后附的广西华恒通能源科技有限公司（以下简称华恒通）财务报 表，包括 2025 年 2 月 28 日的资产负债表，2025 年 1-2 月的利润表、现金流量表、 所有者权益变动表以及财务报表附注。 我们认为，后附的财务报表在所有重大方面按照企业会计准则的规定编制， 公允反映了华恒通 2025 年 2 月 28 日公司的财务状况以及 2025 年 1-2 月公司的经 营 ...

| 目 录 | | --- | | 声 明 . . | | 摘 要 3 | | 一、委托人、被评估单位和资产评估委托合同约定的其他资产评 | | 估报告使用人概况 | | 二、评估目的 . | | 三、评估对象和评估范围 | | 四、价值类型 | | 五、评估基准日 | | 六、评估依据 | | 七、评估方法 … | | 八、评估程序实施过程和情况 | | 九、评估假设 | | 十、评估结论 | | 十一、特别事项说明 21 | | 十二、资产评估报告使用限制说明 23 | | 十三、资产评估报告日 . | | 资产评估报告附件 | 中联资产评估集团山东有限公司 本报告依据中国资产评估准则编制 山东恒福绿洲新能源有限公司拟收购 广西华恒通能源科技有限公司 100%股权 涉及的广西华恒通能源科技有限公司 股东全部权益价值项目 资 产 评 估 报 告 中联鲁评报字【2025】第 13077 号 中联资产评估集团山东有限公司 二〇二五年三月二十七日 山东恒福绿洲新能源有限公司拟收购广西华恒通能源科技有限公司 100%股权项目·资产评估报告 第 1 页 山东恒福绿洲新能源有限公司拟收购广西华恒通能源科技有限公司 10 ...

审议通过《关于恒通物流股份有限公司 2021 年员工持股计划存续期展期的 议案》 股票代码：603223 股票简称：恒通股份 公告编号：2025-025 恒通物流股份有限公司 2021 年员工持股计划第五次持有人会议决议公告 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个别及连带责任。 恒通物流股份有限公司（简称"公司"）2021年员工持股计划第五次持有人 会议于2025年6月30日以现场和通讯相结合的方式召开。本次会议由公司2021年 员工持股计划管理委员会召集和主持，应出席会议持有人42人，实际出席本次会 议的持有人36人，代表2021年员工持股计划份额1,980.00万份，占公司2021年员 工持股计划总份额的90.83%。本次会议的召集、召开和表决程序符合公司2021 年员工持股计划的有关规定，会议决议合法有效。经全体持有人民主讨论，审议 并通过了以下议案： 鉴于公司 2021 年员工持股计划存续期即将于 2025 年 9 月 6 日到期，基于对 公司未来发展的信心和对公司价值的认可，同意将 2021 年员工持股计划延长至 2 ...

股票代码：603223 股票简称：恒通股份 公告编号：2025-026 截至2021年9月6日，公司员工持股计划已通过在二级市场购买的方式累计买 入公司股票共计592,714股，占公司总股本的0.21%，成交均价36.77元/股，成交 金额为21,793,707.62元（含佣金等交易费）。公司已完成员工持股计划标的股 票的购买。本次员工持股计划的存续期为36个月（其中前12个月为锁定期，后24 个月为解锁期），自本员工持股计划草案经公司股东大会审议通过且公司公告最 后一笔标的股票购买完成之日起计算，即自2021年9月7日至2024年9月6日，锁定 期已于2022年9月6日届满。 截至本公告披露日，公司员工持股计划尚未减持，因公司实施2021年度、2022 年度权益分派，合计持有公司股份为1,161,720股，占公司目前总股本的0.16%。 二、员工持股计划展期的情况 鉴于公司2021年员工持股计划存续期即将于2025年9月6日到期，基于对公司 未来发展的信心和对公司价值的认可，公司于2025年6月30日召开2021年员工持 恒通物流股份有限公司 关于 2021 年员工持股计划存续期展期的公告 本公司董事会及全 ...

● 本次交易不构成关联交易，亦不构成《上市公司重大资产重组管理办法》 规定的重大资产重组。 ● 本次交易事项已经通过公司第五届董事会第十一次会议审议，无需提交 股东大会审议。 一、交易概述 1、交易的基本情况 股票代码：603223 股票简称：恒通股份 公告编号：2025-024 恒通物流股份有限公司 关于全资子公司收购股权的公告 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个别及连带责任。 特别提示： ● 恒通物流股份有限公司（以下简称"恒通股份"或"公司"）已于2024 年10月29日在上海证券交易所网站（www.sse.com.cn）披露了《恒通物流股份有 限公司关于注销控股子公司的公告》，因华恒能源有限公司（以下简称"华恒能 源"）需要注销，其全资子公司广西华恒通能源科技有限公司（以下简称"广西 华恒通"）股权需要进行处置，基于公司整体发展规划，为进一步整合资源，更 好地开展LNG相关业务，公司全资子公司山东恒福绿洲新能源有限公司（以下简 称"恒福绿洲"）计划以81,811,985.71元收购公司控股子公司华恒能源持有的 广西 ...