证券代码：603565 证券简称：中谷物流 公告编号：2025-030 上海中谷物流股份有限公司 2025年半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0.43元 相关日期 差异化分红送转： 否 一、 通过分配方案的股东大会届次和日期 本次利润分配方案经公司2025 年 9 月 15 日的2025年第一次临时股东大会审议通过。 二、 分配方案 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2,100,063,103股为基数，每股派发现金红利 0.43元（含税），共计派发现金红利903,027,134.29元。 1. 发放年度：2025年半年度 2. 分派对象： 三、 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 | | --- | --- | --- | ...

Investment Rating - The report maintains a "Positive" investment rating for the transportation industry [13] Core Insights - The transportation industry is expected to see improvements in profitability across various sub-sectors in Q3 2025, driven by domestic demand recovery and resilient international demand [2][6][7][8][9][10][11][12] Summary by Sub-Sector Aviation - The aviation sector is experiencing subdued demand but is benefiting from reduced costs, leading to an overall improvement in profitability for Q3 2025. The international flight recovery remains strong, and oil prices have significantly decreased [6][19][24] Airports - Domestic airport traffic is recovering, with international flights also increasing. Revenue is expected to improve steadily, with key airports benefiting from both domestic and international demand growth [2][6][24][26] Express Delivery - The "anti-involution" policy is driving price increases in the express delivery sector, leading to improved profitability for e-commerce deliveries. However, operational costs are temporarily pressuring profit margins [2][6][28][30] Logistics - The logistics sector is stabilizing, with major players expected to see profit growth due to improved supply chain performance and resilient cross-border logistics profitability [2][6][7][31] Maritime Transport - The maritime sector is witnessing a divergence in profitability among different shipping types. While container shipping faces challenges, oil tanker profits are improving due to favorable market conditions [2][6][8][33][37] Ports - Port operations are expected to see improved profitability in bulk cargo handling, while container throughput remains resilient despite external pressures [2][6][9][39] Highways - Highway traffic is relatively stable, with a slight increase in profitability anticipated for Q3 2025, supported by steady freight and passenger traffic [2][10][41] Railways - Railway passenger and freight volumes are showing mixed trends, with a focus on opportunities arising from high-speed rail transformations. Overall, passenger transport is expected to grow, while freight transport is improving [2][11][43][44]

证券代码：603565 证券简称：中谷物流 公告编号：2025-029 上海中谷物流股份有限公司 关于董事调整暨选举职工董事的公告 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。 李大发先生当选公司职工董事后，公司第四届董事会中兼任公司高级管理人 员以及由职工代表担任的董事人数未超过公司董事总数的二分之一，符合有关法 律法规及公司章程的规定。 特此公告。 上海中谷物流股份有限公司董事会 2025年9月16日 1 附件：简历 李大发，男，1965 年 10 月出生，中国国籍，无境外永久居留权，本科学历。 1988 年 7 月至 1993 年 6 月，任职芜湖长江轮船公司无线电通讯技术员；1993 年 7 月至 1998 年 9 月，担任上海华盛海运公司信息技术主管；1998 年 10 月至 2000 年 5 月，担任上海长航集装箱发展有限公司信息开发部主管；2000 年 6 月 至 2004 年 6 月，担任中国扬子江轮船股份有限公司信息部主任；2004 年 7 月至 2010 年 2 月，担任中谷集团信息部经理；2010 年 ...

北京植德（上海）律师事务所 关于上海中谷物流股份有限公司 2025 年第一次临时股东大会的 法律意见书 植德沪(会)字[2025]0043 号 二〇二五年九月 上海市徐汇区虹桥路 183 号徐家汇中心三期 A 座办公楼 27 层（THREE itc） 邮编：200030 27 th Floor Tower A, THREE itc, No.183 Hongqiao Road, Xuhui District, Shanghai 200030 P.R.C 电话(Tel)：021-52533500 传真(Fax)：021-52533599 www.meritsandtree.com 北京植德（上海）律师事务所 关于上海中谷物流股份有限公司 2025 年第一次临时股东大会的 法律意见书 植德沪（会）字[2025]0043 号 致：上海中谷物流股份有限公司（贵公司） 北京植德（上海）律师事务所（以下简称"本所"）接受贵公司的委托，指派 律师出席并见证贵公司 2025 年第一次临时股东大会（以下简称"本次会议"）。 本所律师根据《中华人民共和国公司法》（以下简称"《公司法》"）、《中 华人民共和国证券法》（以下简称"《证 ...

证券代码：603565 证券简称：中谷物流 公告编号：2025-028 上海中谷物流股份有限公司 2025年第一次临时股东大会决议公告 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法律责任。 重要内容提示： 本次会议是否有否决议案：无 一、 会议召开和出席情况 (一)股东大会召开的时间：2025 年 9 月 15 日 (二)股东大会召开的地点：上海市浦东新区民生路 1188 号 18 楼会议室 (三)出席会议的普通股股东和恢复表决权的优先股股东及其持有股份情况： | 1、出席会议的股东和代理人人数 | 268 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,316,968,485 | | 3、出席会议的股东所持有表决权股份数占公司有表决权股 | | | 份总数的比例（%） | 62.7109 | (四)表决方式是否符合《公司法》及《公司章程》的规定，大会主持情况等。 会议由公司董事会召集，现场会议由公司董事长周斌先生主持。本次会议的 召集、召开符合《公司法》和《公司章程》等法律、法规和其他规 ...

New Consumption - In August 2025, the GMV of the beauty category on Douyin exceeded 20 billion yuan, with a year-on-year growth of 19.56% and a month-on-month growth of 21.46% [2][7] - Domestic brands performed well, with Han Shu leading the market with a GMV exceeding 700 million yuan, and the Han Shu Hongman Waist Ring Six Peptide Set being the only product to exceed 100 million yuan in sales [7][8] - The trend in Douyin beauty consumption is shifting from "trial consumption" to "stable repurchase," indicating a more rational consumer behavior focusing on product practicality [8] Robotics Industry - The human-shaped robot market is expected to grow significantly, with the market size projected to reach approximately 27.6 billion yuan in 2024 and 750 billion yuan by 2029 [9][10] - Key components for human-shaped robots include actuators, sensors, and transmission systems, with the planetary roller screw expected to account for 19% of the total cost by 2030 [9][10] - Domestic companies are gradually breaking into the high-end bearing market, which is currently dominated by eight global enterprises, with a current localization rate of less than 20% [10][11] Food and Beverage Industry - National beer companies showed stable revenue and profit performance in the first half of 2025, with cost reductions contributing to gross profit growth [15][16] - The dairy sector is expected to see a reversal in fundamentals as raw milk prices stabilize and beef prices rise, which could enhance profitability for dairy companies [16] - The snack food sector is experiencing a divergence in performance, with emerging channels like bulk snacks and membership supermarkets maintaining high momentum, while traditional channels face challenges [17] Logistics Industry - Zhonggu Logistics reported a revenue of 5.338 billion yuan in the first half of 2025, a decrease of 6.99% year-on-year, but net profit increased by 41.59% to 1.072 billion yuan [19][20] - The company is optimizing its capacity deployment in response to domestic demand recovery and external trade needs, which supports profit growth [20][21] - The company plans to distribute 9.03 billion yuan in dividends, reflecting its strong profit attributes [21] Public Utilities and Environmental Protection - Datang New Energy achieved a revenue of 6.845 billion yuan in the first half of 2025, with a year-on-year growth of 3.26%, while net profit decreased by 4.37% [22][23] - The company’s capital expenditure significantly decreased, indicating a focus on optimizing financial structure [26][27] - The wind power sector is expected to outperform solar power in terms of output and operational cycles, with a favorable market environment anticipated for wind power operators [27]

Company Overview - Zhonggu Logistics has seen a stock price increase of 28.19% year-to-date, with a 5.87% rise in the last five trading days, 8.86% in the last 20 days, and 21.58% in the last 60 days [2] - The company was established on March 5, 2010, and went public on September 25, 2020, focusing on container logistics services, with 100% of its revenue derived from logistics services [2] - As of June 30, 2025, Zhonggu Logistics had 27,400 shareholders, an increase of 32.52% from the previous period, with an average of 76,636 circulating shares per shareholder, a decrease of 24.54% [2] Financial Performance - For the first half of 2025, Zhonggu Logistics reported operating revenue of 5.338 billion yuan, a year-on-year decrease of 6.99%, while net profit attributable to shareholders was 1.072 billion yuan, reflecting a year-on-year increase of 41.59% [2] - The company has distributed a total of 7.224 billion yuan in dividends since its A-share listing, with 3.483 billion yuan distributed over the last three years [3] Shareholder Composition - As of June 30, 2025, the top ten circulating shareholders included Huatai-PB SSE Dividend ETF, which held 45.5778 million shares, a decrease of 9.3125 million shares from the previous period [3] - Guotai Junan Securities Co., Ltd. entered as a new shareholder, holding 29.1517 million shares, while Hong Kong Central Clearing Limited reduced its holdings by 1.7148 million shares to 19.2797 million shares [3] - The Southern CSI 500 ETF also entered the top ten shareholders with 12.4432 million shares [3]

Investment Rating - The investment rating for the company is "Buy" (maintained) [6] Core Views - The report highlights that foreign trade profits have been realized, and there is a focus on the company's dividend attributes [6] - The company achieved a revenue of 5.338 billion yuan in the first half of 2025, a year-on-year decrease of 6.99%, with a net profit attributable to shareholders of 1.072 billion yuan, a year-on-year increase of 41.59% [9] - The company's strategy of coordinating domestic and foreign trade is expected to support profit growth, driven by demand recovery in domestic trade and favorable conditions in foreign trade [9] Financial Performance Summary - Revenue forecast for 2023 to 2027 shows a decline from 12.439 billion yuan in 2023 to 10.974 billion yuan in 2027, with a projected growth rate of -12.46% in 2023 and a slight recovery in subsequent years [8] - Net profit attributable to shareholders is expected to grow from 1.717 billion yuan in 2023 to 2.240 billion yuan in 2027, with a year-on-year growth rate of 11.25% in 2025 [8] - Earnings per share (EPS) is projected to increase from 0.82 yuan in 2023 to 1.07 yuan in 2027 [8] Dividend Policy - The company plans to distribute a dividend of 9.03 billion yuan in the first half of 2025, which is 84.27% of the net profit for that period [9]

上海中谷物流股份有限公司 2025 年第一次临时股东大会会议资料 （一）现场股东大会 603565 中国·上海 二〇二五年九月 上海中谷物流股份有限公司 2025 年第一次临时股东大会会议议程 一、会议时间、地点 日期、时间：2025 年 9 月 15 日（星期一）下午 14:30 地点：上海市浦东新区民生路 1188 号 18 楼会议室 （二）网络投票 网络投票系统：上海证券交易所股东大会网络投票系统 网络投票起止时间：2025 年 9 月 15 日至 2025 年 9 月 15 日 采用上海证券交易所网络投票系统，通过交易系统投票平台的投票时间为股东 大会召开当日的交易时间段，即 9:15-9:25,9:30-11:30，13:00-15:00；通过互联网投票 平台的投票时间为股东大会召开当日的 9:15-15:00。 二、会议召集人 上海中谷物流股份有限公司董事会 三、会议表决方式 现场投票和网络投票相结合 四、会议内容 （三）主持人宣布提交本次会议审议的议案 （十一）主持人宣布股东大会结束 五、会议其他事项 （一）表决采用记名投票方式，按照持股数确定表决权。各位股东及股东代表 需要在表决票上签名。 （ ...

Investment Rating - The investment rating for the company is "Buy" and is maintained [5] Core Views - The company reported a revenue of 5.338 billion yuan for the first half of 2025, a year-on-year decrease of 6.99%, while the net profit attributable to shareholders was 1.072 billion yuan, an increase of 41.59% [1] - The company has a high interim dividend payout ratio of 84.3%, reflecting its strong cash cow characteristics, with a proposed cash dividend of 4.30 yuan per 10 shares, totaling 903 million yuan [3] - The outlook for the second half of 2025 is positive, with expectations for both domestic and foreign trade businesses to maintain good performance due to economic recovery and limited new capacity in the industry [4] Summary by Sections Operating Performance - In Q2 2025, the company achieved a revenue of 2.77 billion yuan, a decrease of 6.25% year-on-year, and a net profit of 525 million yuan, an increase of 42.5%, slightly exceeding the profit expectation of 500 million yuan [1] Business Segments - The decline in revenue was primarily due to market fluctuations and a reduction in domestic shipping capacity, while profit growth was driven by increased contributions from foreign trade leasing, improved domestic freight rates, and effective cost control [2] Dividend Policy - The company has a strong cash reserve of 12.354 billion yuan, supporting its high dividend distribution capability, continuing a tradition of high dividends with a payout ratio of 90.39% in 2024 [3] Profit Forecast - The forecast for net profit attributable to shareholders for 2025-2027 is projected to be 2.01 billion, 2.10 billion, and 2.22 billion yuan respectively, indicating a positive outlook for profitability [5]