证券代码：603565 证券简称：中谷物流 公告编号：2024-018 上海中谷物流股份有限公司 2023 年年度股东大会决议公告 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 (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 | 33 | | --- | --- | | 2、出席会议的股东所持有表决权的股份总数（股） | 1,501,167,376 | | 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（%） | 71.4820 | (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、法规和其他规范性文件的有 关规定。公司根据上海证券交易所发布的《关于做好新网投系统上线并行期有关 工作的通知》、《关于新网络投票系统上线及发布<上市公 ...

Merits Tree 植德 1.本所律师仅就本次会议的召集与召开程序、召集人和出席现场会议人员资 格、会议表决程序及表决结果的合法性发表意见,不对本次会议所审议的议案内 容及该等议案所表述的事实或数据的真实性、准确性和完整性发表意见； 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 2023 年年度股东大会的 法律意见书 植德沪(会) 字|2024|0010 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 2023 年年度股东大会(以下简称"本次会议")。 本所律师通过现场方式参加本次会议进行见证,并根据《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 券法》"）、《上市公司股东大会规则》(以下简称"《股东大会规则》")、《律师 事务所从事证券法律业务管理办法》(以下简称"《证券法律业务管理办法》")、 《律师事务所证券法律业务执业规则(试行)》(以下简称"《证券法律业务执业 规则》")等相关法律、法规、规章、规范性文件及《上海中谷物流股份有限公司 章程》(以下简称 ...

上证公监函〔2024〕0088 号 上 海 证 券 交 易 所 关于对上海中谷物流股份有限公司及有关责任 人予以监管警示的决定 当事人： 上海中谷物流股份有限公司，A 股证券简称：中谷物流，A 股证 券代码：603565； 卢宗俊，上海中谷物流股份有限公司时任董事长； 孙 瑞，上海中谷物流股份有限公司时任总经理； 曾志瑛，上海中谷物流股份有限公司时任财务负责人； 代 鑫，上海中谷物流股份有限公司时任董事会秘书。 公司募集资金管理和使用不规范，违反了《上市公司监管指引 第 2 号--上市公司募集资金管理和使用的监管要求》(证监会公告 〔2012〕44 号)第八条、《上市公司监管指引第 2 号--上市公司募集 资金管理和使用的监管要求》(证监会公告〔2022〕15 号)第九条、 《上海证券交易所股票上市规则》（以下简称《股票上市规则》）第 1.4 条、第 2.1.1 条和《上海证券交易所上市公司自律监管指引第 1 号——规范运作》第 6.3.2 条、6.3.14 条等有关规定。 责任人方面，根据《警示函》认定，公司时任董事长卢宗俊作 为公司主要负责人，时任总经理孙瑞作为公司经营管理事项的具体 负责人，财务负责人曾 ...

上海中谷物流股份有限公司 2023 年年度股东大会会议资料 603565 中国·上海 二〇二四年四月 上海中谷物流股份有限公司 2023 年年度股东大会会议议程 一、会议时间、地点 （一）现场股东大会 日期、时间：2024 年 4 月 16 日（星期二）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：2024 年 4 月 16 日至 2024 年 4 月 16 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 （一）主持人宣布会议开始 （二）主持人报告会议出席情况 （三）主持人宣布提交本次会议审议的议案 1. 关于 2023 年度董事会工作报告的议案 2. 关于 2023 年度监事会工作报告的议案 3. ...

问题 1：请问我们的收入按经营地区划分的"经营地区"是怎么划分的呢， 是指某一地区牌照签署合同业务吗？ 2023 年度业绩说明会召开情况 2024 年 4 月 3 日（星期三）下午 14:00-15:00，上海中谷物流股份有限 公 司 （ 以 下 简 称 " 公 司 " ） 通 过 上 证 路 演 中 心 （ http:// roadshow.sseinfo.com/）召开了 2023 年度业绩说明会。 一、业绩说明会召开情况 公司于 2024 年 3 月 27 日在上海证券交易所网站(www.sse.com.cn)和 《中国证券报》、《上海证券报》、《证券时报》、《证券日报》披露了《关 于召开 2023 年度业绩说明会的公告》。 2024 年 4 月 3 日（星期三）下午 14:00-15:00，公司董事/总经理李永华 先生、独立董事宋德星先生、独立董事潘飞先生、独立董事余慧芳女士、财务 负责人曾志瑛女士、董事会秘书代鑫先生共同出席了 2023 年度业绩说明会， 与投资者进行互动交流和沟通，并就投资者普遍关注的问题进行了回答。 二、投资者提出的主要问题及公司回复情况 问题 4：公司近年来每年都有大量的计入损 ...

丨证券研究报告丨 [Table_Title] 派息率历史新高，确定性持续增强 分析师及联系人 SAC：S0490512020001 SAC：S0490520080004 SFC：BQK468 中谷物流（603565.SH） cjzqdt11111 [Table_Summary2] 事件描述 事件评论 ⚫ 供需矛盾加深的逆势阶段，积极提升资产运营效率。2023 年公司新下水 11 艘 4600TEU 集装箱船舶，年内投放时点均匀分布，但下半年由于行业需求压力加大，供需矛盾加大公 司运营难度，不过公司积极在 1）内、外贸运力投放调配；2）新产能直航/挂港等不同运 营方式尝试中提升资产运营效率。因此一方面，2023 年下半年公司境外收入（主要来自 外贸租船）较上半年提升 26.9%；另一方面，4Q23 延续了 2Q23 以来毛利率修复态势。 所以 2023 年年内公司分季度毛利润分别为 6.2、2.4、4.5、4.7 亿。尽管在内贸运价和外 贸租金的共同影响下，4Q23 盈利显著低于 1Q23，但 2Q23 后单季度盈利呈改善趋势。 ⚫ 派息率历史新高，与股东共渡承压阶段。公司自上市以来保持高分红特点，2020-2 ...

Investment Rating - The report maintains an "Accumulate" rating for the company [2][4]. Core Views - The company has signed orders for 18 new 4600TEU container ships, with 11 launched in 2023, supporting its strategy of converting bulk carriers to container ships [1]. - The company's cargo volume increased by 29% year-on-year, accounting for 22% of its total cargo volume, with key cargo types including corn, coal, and sand [1]. - The company disposed of 5 old container ships during the reporting period, totaling 220,000 deadweight tons, with an average age exceeding 20 years [1]. - A high dividend payout ratio of 88.05% is planned for 2023, with a cash dividend of 7.2 yuan per 10 shares, totaling 1.512 billion yuan [1]. - Projected net profits for 2024-2026 are estimated at 1.55 billion, 1.726 billion, and 1.862 billion yuan, respectively, with corresponding EPS of 0.74, 0.82, and 0.89 yuan [1]. Financial Summary - In 2023, the company reported operating revenue of 12.439 billion yuan, a year-on-year decrease of 12.46% [9]. - The net profit attributable to the parent company was 1.717 billion yuan, down 37.36% year-on-year [8][9]. - The gross profit margin for 2023 was 14.3%, with a projected decline to 11.6% in 2024 [9]. - The return on equity (ROE) for 2023 was 16.0%, expected to decrease to 14.4% in 2024 [9]. - The company’s total assets were reported at 23.399 billion yuan, with a total liability of 12.646 billion yuan [9].

交通运输 证 券 研 究 报 告 2024 年 03 月 27 日 中谷物流 (603565) ——分红超预期，外租集装箱船续约减轻内贸压力 | --- | --- | |-----------------------------|-------------------------------| | 市场数据： | 2024 年 03 月 27 日 | | 收盘价（元） | 9.06 | | 一年内最高/最低（元） | 18.23/6.54 | | 市净率 | 1.8 | | 息率（分红 / 股价） | | | 流通 A 股市值（百万元） | 16368 | | 上证指数/深证成指 | 3357.74/13563.34 | | --- | --- | |-------------------------------|-------------------------------| | | | | | | | 基础数据 : | 2023 年 12 月 31 日 | | 每股净资产（元） | 5.1 | | 资产负债率 % | 54.05 | | 总股本 /流通 A 股（百万） | 2100/2100 | | 流 ...

Investment and Expansion - The company invested RMB 600 million in Shanghai Port Luodong Container Terminal Co., Ltd., acquiring a 20% stake[3] - The company has signed orders for the construction of 18 new 4,600TEU container ships, which will significantly improve fuel efficiency and environmental performance[8] - The company's consolidated scope includes 27 companies as of December 31, 2023, an increase of 1 company compared to 2022[5] Strategic Focus and Fleet Optimization - The company's core strategy focuses on providing multimodal logistics services using standardized containers and internet big data[6] - The company plans to optimize its fleet structure by adding new ships to meet the industry trend of "bulk-to-container" conversion[7] - The company aims to enhance its competitiveness by increasing the proportion of self-owned ships and improving service quality[7] Environmental and Sustainability Initiatives - The company is committed to reducing carbon emissions and supporting China's "carbon peak and carbon neutrality" goals[7] - The company invested RMB 921.85 thousand in environmental protection during the reporting period[38] - The company has established a comprehensive environmental protection mechanism, including strict management of ship wastewater and oil pollution[41][42] - The company strictly adheres to emission rate requirements for domestic sewage, discharging treated sewage beyond 12 nautical miles or 3 nautical miles offshore after biochemical treatment, with all waste in prohibited areas being sent ashore[55] - Waste that cannot be processed during navigation is handled by qualified third-party waste reception agencies, with records maintained in the "Garbage Record Book"[56] - The company reduced CO2 equivalent emissions by 73,717.07 tons through various carbon reduction measures[65] - The company achieved an average fuel consumption reduction of over 5% per 100 nautical miles for its fleet, saving more than 20,000 tons of fuel annually[66] - The company's ESG rating remained stable at A level in 2023, according to WindESG[67] - The company strictly adheres to environmental regulations, including the "Air Pollution Prevention and Control Law of the People's Republic of China" and the "Implementation Plan for Emission Control Areas for Ship Air Pollutants"[85] - The company has established an emergency response plan for environmental incidents, focusing on risk prediction and early warning for extreme weather, environmental pollution, and ship safety[88] Financial Performance and Dividends - The company's cash dividend amount for the year is RMB 1,512,045,434.16, accounting for 88.05% of the net profit attributable to ordinary shareholders[32] - The company's net profit attributable to ordinary shareholders is RMB 1,717,277,554.97[32] - The company's dividend distribution plan includes RMB 7.20 per 10 shares (tax included)[32] Related Party Transactions - The total amount of related party transactions in 2023 is RMB 174,322.62 thousand, with actual transactions amounting to RMB 87,645.57 thousand[23] - The company's related party transactions for sales of goods and services amounted to RMB 15,235.85 thousand, with actual transactions of RMB 7,603.70 thousand[23] - The company's related party transactions for purchasing goods and services amounted to RMB 155,596.29 thousand, with actual transactions of RMB 77,040.83 thousand[23] Corporate Governance and Internal Controls - The company's internal control system is effective and meets regulatory requirements, ensuring compliance and asset safety[36] - The company has implemented a comprehensive risk management system for subsidiaries, focusing on financial early warning and fund usage supervision[36] - The company's financial report-related internal controls were audited by Tianjian Accounting Firm, which issued a standard unqualified opinion, confirming effective internal controls as of December 31, 2023[52] Leadership and Management - He Jiale served as the company's General Manager from February 2021 to October 2022 and as a Director from September 2015 to October 2023[44] - Wang Jiashui served as the company's Independent Director from December 2017 to December 2023[44] - Zhou Hu served as the company's Independent Director from December 2017 to December 2023[44] - Zhou Bin holds multiple executive positions including Chairman at Shanghai Gufeng Energy Development Co., Ltd. from April 2023 to December 2023[45] - Lu Zongjun serves as Chairman and General Manager at Tianjin Zhongrong Hengtai International Financial Leasing Co., Ltd. since July 2016[45] - Fang Li serves as Director and Manager at Tianjin Zhonggu Commercial Factoring Co., Ltd. since November 2018[45] Employee Incentives and Social Responsibility - The company implemented a long-term incentive plan in October 2023, linking virtual stocks to employee performance evaluations, targeting managerial staff and technical professionals[50] - The company invested a total of 200,000 yuan in social responsibility initiatives, including donations and public welfare projects[70] - The company's employees contributed a total of approximately 12,000 hours of volunteer service, with an average of 8 hours per employee[76] Shareholder Commitments and Stock Stability - The company's controlling shareholder, Zhonggu Group, and other major shareholders have committed to not transferring or entrusting others to manage their shares for 36 months after the company's IPO, and to not sell shares below the issue price for two years after the lock-up period ends[73] - The company and its controlling shareholders, directors, and senior management have committed to stabilizing the stock price if it falls below the net asset value per share for 20 consecutive trading days within three years of the IPO[90] - The company will repurchase all newly issued shares at the IPO price plus interest if the prospectus is found to contain false statements or omissions[91] - The company will compensate investors for direct losses if the prospectus is found to contain false statements or omissions[91] - The company will initiate the repurchase of previously restricted shares within 5 days if the prospectus is found to contain false statements or omissions[91] - The company will adjust the repurchase price for stock splits or dividends[91] - The company will deduct dividends or salaries to enforce compliance with commitments[91] - The company will not interfere with management activities or misappropriate company interests[92] - The company will publicly explain and apologize for any violations of commitments[92] - The company will compensate for any losses caused by violations of commitments[92] - The company will link executive compensation to the implementation of measures to fill immediate returns[92] - The company's directors, supervisors, and senior management are restricted from transferring or entrusting others to manage their directly or indirectly held shares for 12 months after the company's stock listing[98] - The controlling shareholder, Zhonggu Shipping Group, is limited to selling no more than 25% of the company's total shares annually within two years after the lock-up period expires[98] - Guyang Investment and Guze Investment are restricted from selling shares below the IPO price within two years after the lock-up period ends[98] - The controlling shareholder and actual controller, Lu Zongjun, commit to avoiding any business activities that compete with the company's main operations[102] - Guyang Investment and Guze Investment pledge not to engage in any business activities that compete with the company's main operations[102] - The company's controlling shareholder, Zhonggu Shipping Group, and actual controller, Lu Zongjun, have committed to avoiding unnecessary related-party transactions and ensuring fair pricing for any unavoidable transactions[105] - Zhonggu Logistics has pledged to strictly fulfill all public commitments made during the IPO process and will take corrective measures if commitments are not met[105] - Zhonggu Shipping Group and Guze Investment have committed to compensating investors for any losses caused by failure to fulfill public commitments[108] - The company's directors, supervisors, and senior management have committed to reducing or suspending their salaries if they fail to fulfill public commitments[108] Accounting and Financial Policies - The company's revenue recognition policy is based on identifying performance obligations and determining the timing of revenue recognition[17] - The company's accounting policies include the treatment of government grants related to assets, which are either deducted from the asset's book value or recognized as deferred income[126] - The company's accounting policies for lease liabilities and right-of-use assets are adjusted based on changes in lease payments, with any remaining amounts recognized in current period profits if the right-of-use asset's book value is reduced to zero[128] - The company's accounting policies for sales and leaseback transactions do not recognize the transferred asset if the transfer does not qualify as a sale, but instead recognize a financial asset equal to the transfer proceeds[129] - The company's accounting policies for the disposal of subsidiary investments include re-measuring the remaining equity at fair value and recognizing any difference as investment income in the period of losing control[116] - The company's accounting policies for research and development expenditures include systematic and reasonable amortization over the useful life of the intangible asset[123] - The company's accounting policies for borrowing costs include ceasing capitalization when the asset under construction or production reaches its intended usable or saleable state[122] - The company's bank deposits include a bill guarantee deposit of 250,000,000 yuan and a performance bond deposit of 2,000,000 yuan as of December 31, 2023[142] - The company's accounts receivable financing classified under the bank acceptance bill combination has a book balance of 2,873,381.87 yuan, accounting for 100% of the total[145] - The company's financial assets measured at fair value through profit or loss amount to 4,698,000,000 yuan at the end of the period, with 1,800,000,000 yuan in wealth management products and 2,898,000,000 yuan in structured deposits[165] - The company's subsidiary, Guju Network, is recognized as a high-tech enterprise with a corporate income tax rate of 15% for 2023[159] - The company's subsidiaries in different regions have varying corporate income tax rates, including 20% for Tianjin Port Zhonggu Logistics and 15% for Dalian Guju Network Technology[163] - The company's long-term prepaid expenses are amortized over the benefit period or the prescribed period, and any unamortized balance is transferred to current profit or loss if the expense no longer benefits future periods[153] - The company's deferred tax assets and liabilities are offset and presented net when certain conditions are met, including the intention to settle current tax assets and liabilities on a net basis[156] - The company's revenue recognition for container logistics services is based on the completion of the voyage for port-to-port services and the delivery of goods for door-to-door services[155] - The company's financial assets measured at fair value through profit or loss increased from 4,550,000,000 yuan at the beginning of the period to 4,698,000,000 yuan at the end of the period[165] - The company's financial assets include 1,800,000,000 yuan in wealth management products and 2,898,000,000 yuan in structured deposits at the end of the period[165] - Government subsidies related to daily business activities are recognized as other income or used to offset related costs, while subsidies unrelated to daily activities are recorded as non-operating income or expenses[172] - The company has implemented the "Accounting Standards Interpretation No. 16" issued by the Ministry of Finance, adjusting for single transactions that generate assets and liabilities related to deferred taxes, effective from January 1, 2023[177] - The company's monetary funds within 90 days amounted to RMB 480,701,827.29, a decrease from RMB 581,174,445.06 at the beginning of the period[179] - Bank acceptance notes at the end of the period were RMB 2,873,381.87, significantly lower than the initial balance of RMB 30,986,706.13[180] - The total deferred tax assets and liabilities, after offsetting, amounted to RMB 1,864,245,247.13, with a corresponding deferred tax liability of RMB 466,061,311.79[181] - The company's bad debt provision for accounts receivable increased to RMB 16,355,299.75 by the end of 2023, up from RMB 12,070,734.15 at the beginning of the year[184] - The company's other receivables with significant overdue interest and actual write-offs were not applicable during the reporting period[182] - The company's intangible assets did not show any significant impairment or changes in ownership certificates during the reporting period[185] - The company's inventory impairment and contract performance cost impairment provisions were not applicable during the reporting period[189] - The company's held-for-sale assets at the end of the period included RMB 603,500,771.00 in current debt investments[189] - The ending balance of other debt investments due within one year is 630,101,909.42 RMB, with a significant increase from the initial balance of 328,749,036.84 RMB[190] - The ending balance of accounts receivable with bad debt provision is 515,344,548.01 RMB, with a provision ratio of 1.15%[193] - The ending balance of bank acceptance bills is 495,017,614.28 RMB, which are considered low risk due to the high credit of the issuing banks[200] - The ending balance of prepayments within one year is 52,664,955.86 RMB, with 99.16% of the amount due within one year[200] - The company's tax rates include VAT rates ranging from 0% to 13%, and corporate income tax rates ranging from 15% to 25%[192] - The ending balance of deferred input tax is 623,076,571.82 RMB, showing a significant increase from the initial balance of 325,788,435.60 RMB[190] - The ending balance of prepaid corporate income tax is 1,125,889.62 RMB[190] - The ending balance of deferred expenses is 5,899,447.98 RMB, with an increase from the initial balance of 2,960,601.24 RMB[190] - The company's bad debt provision for accounts receivable increased to 5,945,485.31 RMB, with a provision ratio of 1.15%[193] - The ending balance of accounts receivable with bad debt provision decreased from the initial balance of 597,641,815.71 RMB to 515,344,548.01 RMB[193] Audit and Compliance - The company's internal control audit is conducted by Tianjian Certified Public Accountants (Special General Partnership) with a remuneration of 37[132] - The company's domestic accounting firm, Tianjian Certified Public Accountants (Special General Partnership), received a remuneration of 126 for their services[114] - The company's domestic accounting firm has been providing audit services for 4 years, with the cumulative service years of the certified public accountants being 4 years[114] - The company's financial statements are audited by certified public accountants Wu Xiang and Wang Jian[114]

中谷物流(603565.SH) 下降 4.9%；实现归母净利润 5.3 亿元，同比下降 3.7%。 经营分析 运价回归长期均值，运力下水提振货运量。2023 年公司营业收入 同比下降 12.5%，分量价来看：1）运价：2023 年由于港口秩序恢 复、欧美高通胀影响需求，外贸集运价格回落。伴随公司运力下水 以及部分外贸船舶回归，内贸行业平均运价指数 PDCI 较上一年同 期下滑 25%。2)货运量：2023 年公司与国内船厂签订的 18 艘 4600TEU 集装箱船舶中 11 艘陆续下水。运力增长提振货运量，公 司完成运输量 1483 万标准箱，同比增长 22%；"散改集"货运量同 比增长 29%，达到公司整体货运量的 22%。 营业成本小幅下降，毛利率同比下降。2023 年，公司燃油及平均 租船成本有所下降，但公司运输量同比增长 22%，因此公司营业成 本仅同比下降 3.09%至 106.7 亿元。2023 公司毛利率为 14.25%， 同比下降 8.30pct，主要系运价大幅下降。2023 年公司费用率同 比+1.25pct，其中销售费用率0.27%（+0.07pct）、管理费用率1.95% （+0.44p ...