Core Viewpoint - As of September 15, 2025, Jiacheng International (603535) closed at 12.32 yuan, down 0.81%, with a trading volume of 93,300 hands and a transaction amount of 115 million yuan [1] Financial Performance - For the first half of 2025, Jiacheng International reported a main revenue of 683 million yuan, a year-on-year increase of 3.93%, and a net profit attributable to shareholders of 118 million yuan, a year-on-year increase of 0.29% [3] - The company's second-quarter performance showed a main revenue of 398 million yuan, a year-on-year increase of 9.0%, and a net profit attributable to shareholders of 55.77 million yuan, a year-on-year increase of 6.21% [3] - The company's debt ratio stands at 44.47%, with investment income of 1.31 million yuan and financial expenses of 23.11 million yuan [3] Market Position - Jiacheng International's total market value is 6.295 billion yuan, ranking 26th in the logistics industry, which has an average market value of 17.855 billion yuan [3] - The company has a price-to-earnings ratio of 26.62, significantly higher than the industry average of 12.18, ranking 24th in the industry [3] - The gross profit margin of Jiacheng International is 33.62%, ranking 5th in the industry, while the net profit margin is 17.41%, also ranking 5th [3] Capital Flow Analysis - On September 15, 2025, the net outflow of main funds was 1.48 million yuan, accounting for 1.29% of the total transaction amount, while retail investors saw a net inflow of 7.01 million yuan, accounting for 6.09% [1][2] - Over the past five days, the stock has experienced fluctuations in capital flow, with notable net inflows and outflows from different investor categories [2]

Core Viewpoint - Jiacheng International (603535) has seen a stock price increase of 9.04% this week, closing at 12.42 yuan, with a total market capitalization of 6.295 billion yuan as of September 12, 2025 [1] Company Announcements - The fifth board of directors held its 23rd meeting on September 9, 2025, where it approved the use of up to 250 million yuan of temporarily idle raised funds to supplement working capital and the use of up to 28 million yuan for cash management, with unanimous approval from all present [1][2] - The company has completed the original fundraising project "Cross-border E-commerce Smart Logistics Center," with remaining funds of 239.8882 million yuan being redirected to the "Free Trade Port Cloud Intelligence International Distribution Center" project [2][4] - The previous use of idle raised funds for working capital has been fully repaid [4] Financial Management - The board has authorized management to make investment decisions within the approved limits for cash management, focusing on low-risk, capital-preserving financial products issued by banks or other financial institutions [2][3] - As of June 30, 2025, a total of 512.6717 million yuan of raised funds has been invested, with ongoing construction for the "Free Trade Port Cloud Intelligence International Distribution Center" project [3]

Core Viewpoint - The stock of Jiacheng International (603535) has shown a positive performance with a closing price of 12.32 yuan, reflecting a 5.12% increase as of September 12, 2025, despite a net outflow of major funds [1] Financial Performance - Jiacheng International reported a total revenue of 683 million yuan for the first half of 2025, representing a year-on-year increase of 3.93% [3] - The net profit attributable to shareholders was 118 million yuan, up 0.29% year-on-year, while the non-recurring net profit decreased by 2.13% to 116 million yuan [3] - In Q2 2025, the company achieved a quarterly revenue of 398 million yuan, a 9.0% increase year-on-year, and a net profit of approximately 55.77 million yuan, up 6.21% year-on-year [3] Market Position and Ratios - Jiacheng International's total market capitalization is 6.346 billion yuan, with a net asset value of 2.722 billion yuan [3] - The company has a price-to-earnings ratio (P/E) of 26.83, which is significantly higher than the industry average of 11.72, indicating a relatively high valuation [3] - The gross margin stands at 33.62%, which is well above the industry average of 14.56%, and the net margin is 17.41%, also higher than the industry average of 5.74% [3] Fund Flow Analysis - On September 12, 2025, major funds experienced a net outflow of 3.1897 million yuan, accounting for 1.36% of the total transaction volume, while retail investors saw a net inflow of 6.5402 million yuan, representing 2.79% of the total transaction volume [1][2] - Over the past five days, the stock has seen fluctuating fund flows, with notable net inflows and outflows from both major and retail investors [2]

Core Viewpoint - The stock of Jiacheng International (603535) has shown a positive performance with a closing price of 11.72 yuan, reflecting a 4.09% increase on September 11, 2025, amidst varying capital flows from different investor categories [1][2]. Group 1: Stock Performance and Capital Flow - On September 11, 2025, Jiacheng International's stock closed at 11.72 yuan, with a trading volume of 93,700 hands and a total transaction amount of 108 million yuan [1]. - The net inflow of main funds was 12.41 million yuan, accounting for 11.45% of the total transaction amount, while retail investors experienced a net outflow of 9.42 million yuan, representing 8.69% of the total [1][2]. - Over the past five days, the stock has seen fluctuations in capital flow, with the highest net inflow of main funds recorded at 12.52 million yuan on September 5, 2025, and a notable net outflow of 4.51 million yuan on September 10, 2025 [2]. Group 2: Financial Metrics and Industry Comparison - Jiacheng International's total market value is 5.988 billion yuan, with a net asset value of 2.722 billion yuan, ranking 26th and 33rd respectively in the logistics industry [3]. - The company reported a net profit of 118 million yuan for the first half of 2025, reflecting a year-on-year increase of 0.29%, while its main revenue reached 683 million yuan, up 3.93% year-on-year [3]. - The gross profit margin stands at 33.62%, significantly higher than the industry average of 14.56%, indicating strong operational efficiency [3].

Group 1 - The company held its 23rd meeting of the 5th Board of Directors on September 9, 2025, with all 9 directors present, and the meeting was deemed legal and effective [2][3]. - The Board approved the proposal to use temporarily idle raised funds to supplement working capital, with a total amount not exceeding RMB 250 million, for a period not exceeding 12 months [12][18]. - The Board also approved the proposal to use temporarily idle raised funds for cash management, with a total amount not exceeding RMB 28 million, also for a period not exceeding 12 months [23][35]. Group 2 - The company aims to improve the efficiency of fund usage and reduce financial costs while ensuring that the normal construction of fundraising projects is not affected [15][27]. - The cash management investment products will be low-risk financial products with high safety and liquidity, issued by banks or other financial institutions [23][29]. - The company will ensure compliance with relevant regulations and maintain transparency in the management of these funds [35][36].

Core Viewpoint - The stock of Jiacheng International (603535) has shown a decline in price and mixed capital flow trends, indicating potential volatility in investor sentiment and market performance [1][2]. Group 1: Stock Performance - As of September 10, 2025, Jiacheng International closed at 11.26 yuan, down 0.71% with a turnover rate of 0.67% and a trading volume of 34,300 hands, resulting in a transaction amount of 38.66 million yuan [1]. - Over the past five days, the stock has experienced fluctuations, with a notable drop of 2.74% on September 9, 2025, and a slight increase of 2.37% on September 8, 2025 [2]. Group 2: Capital Flow Analysis - On September 10, 2025, the net outflow of main funds was 450.56 million yuan, accounting for 11.65% of the total transaction amount, while retail investors saw a net inflow of 310.52 million yuan, representing 8.03% of the total [1][2]. - The capital flow data over the last five days indicates a trend of fluctuating net inflows and outflows among different investor categories, with significant outflows from main funds on several days [2]. Group 3: Financial Metrics and Industry Comparison - Jiacheng International's total market value is 5.753 billion yuan, with a net asset of 2.722 billion yuan and a net profit of 118 million yuan, ranking 28th, 33rd, and 27th respectively in the logistics industry [3]. - The company reported a gross margin of 33.62% and a net margin of 17.41%, both ranking 5th in the industry, indicating strong profitability relative to peers [3]. - For the first half of 2025, the company achieved a main revenue of 683 million yuan, a year-on-year increase of 3.93%, while the net profit attributable to shareholders was 118 million yuan, up 0.29% year-on-year [3].

国泰海通证券股份有限公司 关于广州市嘉诚国际物流股份有限公司 使用暂时闲置募集资金进行现金管理的核查意见 上述募集资金已全部存放于经董事会批准开设的募集资金专户内。公司与保 荐机构、存放募集资金的商业银行签署了募集资金监管协议。 二、募集资金投资项目及募集资金使用情况 1 截至 2025 年 6 月 30 日，公司募集资金投资项目及募集资金使用情况具体 如下： 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐机构"）作为 广州市嘉诚国际物流股份有限公司（以下简称"嘉诚国际"或者"公司"）持续 督导工作的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司募集 资金监管规则》《上海证券交易所股票上市规则》《上海证券交易所上市公司自 律监管指引第 1 号——规范运作》等相关法规和规范性文件的要求，对嘉诚国际 本次使用暂时闲置募集资金进行现金管理的事项进行了核查，并出具核查意见如 下： 一、募集资金基本情况 经中国证券监督管理委员会出具的《关于核准广州市嘉诚国际物流股份有限 公司公开发行可转换公司债券的批复》（证监许可[2022]1706 号），公司已完成 向社会公开发行面值总额 8 亿元可转换公司债券， ...

国泰海通证券股份有限公司 关于广州市嘉诚国际物流股份有限公司 使用暂时闲置募集资金临时补充流动资金的核查意见 国泰海通证券股份有限公司（以下简称"国泰海通"、"保荐机构"）作为广州 市嘉诚国际物流股份有限公司（以下简称"嘉诚国际"、"公司"）持续督导的保荐 机构，根据《证券发行上市保荐业务管理办法》《上市公司募集资金监管规则》 《上海证券交易所股票上市规则》《上海证券交易所上市公司自律监管指引第 1 号——规范运作》等有关规定，对嘉诚国际使用暂时闲置募集资金临时补充流动 资金的事项进行了核查，具体情况如下： 一、募集资金基本情况 经中国证券监督管理委员会出具的《关于核准广州市嘉诚国际物流股份有限 公司公开发行可转换公司债券的批复》（证监许可[2022]1706 号），公司已完成向 社会公开发行面值总额 8 亿元可转换公司债券，可转换公司债券发行价格为每张 人民币 100 元，募集资金总额为人民币 800,000,000 元，扣除各项发行费用人民 币 6,178,693.62 元后，实际募集资金净额为人民币 793,821,306.38 元（以下简称 "募集资金"），募集资金已由广东司农会计师事务所（特殊普通合 ...

| 证券代码：603535 | 证券简称：嘉诚国际 | 公告编号：2025-046 | | --- | --- | --- | | 债券代码：113656 | 债券简称：嘉诚转债 | | 广州市嘉诚国际物流股份有限公司 关于使用暂时闲置募集资金进行现金管理的公告 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。 重要内容提示： ● 广州市嘉诚国际物流股份有限公司（以下简称"公司"、"本公司"或"嘉诚国 际"）董事会同意公司使用不超过人民币 28,000 万元的暂时闲置募集资金进行现 金管理，资金本金在上述额度内以及其产生的收益可以滚动使用。投资决议有效 期为自第五届董事会第二十三次会议审议通过之日起 12 个月。投资产品应当为发 行主体是银行或其他金融机构的安全性高、流动性好的低风险理财产品且投资期 限不超过 12 个月。董事会授权管理层在上述额度范围内进行实际投资决策并签署 相关合同文件。 一、募集资金基本情况 根据 2025 年 4 月 22 日召开广州市嘉诚国际物流股份有限公司（以下简称"公 司"）2025 年第一 ...

| 证券代码：603535 | 证券简称：嘉诚国际 | 公告编号：2025-045 | | --- | --- | --- | | 债券代码：113656 | 债券简称：嘉诚转债 | | 广州市嘉诚国际物流股份有限公司 关于使用暂时闲置募集资金临时补充流动资金的公告 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。 重要内容提示： 广州市嘉诚国际物流股份有限公司（以下简称"公司"）董事会同意公司使用 总额不超过人民币 250,000,000.00 元的暂时闲置募集资金临时补充流动资金，使用 期限不超过第五届董事会第二十三次会议审议通过之日起 12 个月，有效期内该资 金可以滚动使用。 一、募集资金基本情况 根据 2025 年 4 月 22 日召开广州市嘉诚国际物流股份有限公司（以下简称"公 司"）2025 年第一次临时股东大会及 2025 年第一次债券持有人会议审议通过，鉴 于原募投项目跨境电商智慧物流中心及配套建设已结项，为保证募集资金规范使用、 提高募集资金使用效率，将该项目剩余募集资金 23,988.82 万元变更 ...