Core Viewpoint - The company aims to mitigate foreign exchange risks associated with its international business operations by engaging in financial derivative transactions with reputable domestic financial institutions [1][2]. Summary by Sections Financial Derivative Products Overview - The primary purpose of the transactions is to hedge against foreign exchange risks due to increasing foreign currency settlement volumes as the company expands its international business [1]. - The company plans to conduct transactions including but not limited to forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, and currency swaps [2][3]. Transaction Amount - The authorized transaction amount for financial derivative transactions is capped at RMB 300 million (including equivalent foreign currency amounts) [2]. - The maximum expected margin and premium for these transactions will not exceed RMB 35 million (including equivalent foreign currency amounts) [2]. Funding Source - The funds for the financial derivative transactions will come from the company's own resources and will not involve raised funds [2]. Transaction Duration - The validity of the transactions will last for a maximum of 12 months from the date of approval by the company's board of directors [3]. Review Procedures - The proposal for engaging in financial derivative transactions was approved by the company's board of directors and does not require shareholder meeting approval [3]. Impact on the Company - Engaging in financial derivative transactions is intended to enhance the company's ability to manage foreign exchange risk without affecting normal business operations or cash flow [4]. - The company will adhere to relevant accounting standards for the recognition and measurement of financial instruments related to these transactions [4].

智通财经APP讯，长久物流(603569.SH)披露2025年半年度报告，报告期公司实现营收23.26亿元，同比 增长27.54%;归母净利润1017万元，同比下降80.66%;扣非净利润916万元，同比下降82.79%;基本每股收 益0.02元。 ...

Core Viewpoint - Changjiu Logistics announced the approval of a proposal to engage in financial derivative trading during the 13th meeting of its fifth board of directors [2] Summary by Category - **Company Announcement** - The company held its fifth board of directors' 13th meeting on August 26, where it approved the proposal for financial derivative trading [2]

证券日报网讯 8月26日晚间，长久物流发布公告称，公司第五届监事会第八次会议审议通过了《关于开 展金融衍生产品交易的议案》等。 （文章来源：证券日报） ...

Core Viewpoint - The company Long-term Logistics (stock code: 603569) announced on August 27, 2025, its plan to engage in financial derivative transactions with reputable domestic commercial banks to mitigate foreign exchange market risks and reduce the impact of exchange rate fluctuations on its profits [1]. Transaction Details - The authorized period for the proposed financial derivative transactions is up to 12 months from the board's approval date, with a maximum transaction amount not exceeding RMB 300 million (including equivalent foreign currency amounts) at any point within the authorized limit [2]. - The maximum margin and premium to be utilized for these transactions will not exceed RMB 35 million (including equivalent foreign currency amounts), and the funds can be recycled within the authorized period [2]. - The types of transactions include but are not limited to forward foreign exchange contracts, foreign exchange swaps, foreign exchange options, interest rate swaps, interest rate options, currency swaps, and combinations thereof, involving major settlement currencies such as USD, EUR, and PLN [2]. Review Situation - This matter was approved at the 13th meeting of the fifth board of directors held on August 26, 2025, and does not require submission to the shareholders' meeting as it falls within the board's approval authority [3]. - The company had previously approved a similar proposal on August 23, 2024, which was successfully executed without exceeding the authorized limit, necessitating a new application due to the expiration of the 12-month authorization period [3]. Risk and Control - The company acknowledges the market, performance, liquidity, and operational risks associated with financial derivative transactions and has implemented several measures to control these risks [4]. - These measures include selecting simple and controllable products aimed at hedging, adhering to the authorized limit, and establishing clear responsibilities and approval processes [4]. - The finance department is responsible for implementation and monitoring, while the audit department oversees compliance, with independent directors and the supervisory board having the authority to conduct inspections [4]. Impact on the Company - The purpose of engaging in these transactions is to hedge against the risks posed by foreign exchange market fluctuations, thereby enhancing the company's ability to manage exchange rate risks without engaging in speculative or arbitrage activities [5]. - The company assures that this will not affect its daily cash flow or core business operations, and it will account for the transactions according to relevant accounting standards and disclose pertinent information in a timely manner [5].

Core Insights - Longjiu Logistics reported a significant decline in net profit for the first half of 2025, with a decrease of over 80% year-on-year [1] - The company achieved a revenue of approximately 2.326 billion yuan, reflecting a year-on-year growth of 27.54% [1] Financial Performance - The net profit attributable to shareholders for the first half of 2025 was approximately 10.17 million yuan, down 80.66% compared to the previous year [1] - The operating revenue for the same period was around 2.326 billion yuan, showing an increase of 27.54% year-on-year [1] Market Reaction - On August 26, the stock price of Longjiu Logistics increased by 6.91%, closing at 8.82 yuan per share, with a total market capitalization of 5.323 billion yuan [1]

Group 1 - The core viewpoint of the report indicates that Changjiu Logistics experienced a significant increase in revenue but a substantial decline in net profit during the first half of 2025 [1][2] - The company's revenue for the first half of 2025 was 2.326 billion yuan, representing a year-on-year growth of 27.54% [1] - The net profit attributable to shareholders was 10.1688 million yuan, showing a year-on-year decrease of 80.66% [1] Group 2 - The basic earnings per share for the first half of 2025 was 0.02 yuan, with a weighted average return on equity of 0.34% [2] - The current price-to-earnings ratio (TTM) is approximately 77.55 times, with a price-to-book ratio of about 1.79 times and a price-to-sales ratio of around 1.20 times [2] - The gross profit margin for the first half of 2025 was 8.32%, down 3.87 percentage points year-on-year, while the net profit margin was 0.94%, a decrease of 2.74 percentage points compared to the same period last year [2] Group 3 - In the second quarter of 2025, the gross profit margin was 6.93%, down 5.68 percentage points year-on-year and 2.78 percentage points quarter-on-quarter [2] - The net profit margin for the second quarter was 0.78%, a decline of 4.02 percentage points year-on-year and 0.32 percentage points quarter-on-quarter [2] - The company's operating expenses for the first half of 2025 amounted to 195 million yuan, an increase of 3.2762 million yuan year-on-year, with an expense ratio of 8.37%, down 2.13 percentage points from the previous year [2] Group 4 - The company is primarily engaged in full truckload transportation logistics services, with its main business revenue composition being 55.98% from full truckload services, 35.76% from international business, 3.72% from truckload supporting services, 3.31% from new energy business, and 0.71% from other businesses [3] - Changjiu Logistics is classified under the transportation and logistics industry, specifically in road freight [3] - The company was established on September 10, 2003, and went public on August 10, 2016 [3]

证券代码：603569 证券简称：长久物流 公告编号：2025-047 北京长久物流股份有限公司 第五届监事会第八次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 北京长久物流股份有限公司（以下简称"公司"）第五届监事会第八次会议 于 2025 年 8 月 26 日以现场表决方式召开，监事会会议通知于 2025 年 8 月 15 日以书面通知加电话确认的方式通知全体监事。本次会议应参加表决的监事 3 人，出席会议的监事 3 名。会议召开符合《公司法》和本公司章程的有关规定， 合法有效。 二、监事会会议审议情况 表决情况：赞成 3 票，反对 0 票，弃权 0 票 表决结果：审议通过 具体内容详见上海证券交易所网站同日公告的 2025-044 号公告。 表决情况：赞成 3 票，反对 0 票，弃权 0 票 表决结果：审议通过 具体内容详见上海证券交易所网站同日公告的长久物流 2025 年半年度报告 全文及报告摘要。 特此公告 北京长久物流股份有限公司监事会 ...

证券代码：603569 证券简称：长久物流 公告编号：2025-047 北京长久物流股份有限公司 第五届监事会第八次会议决议公告 本公司监事会及全体监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。 一、监事会会议召开情况 北京长久物流股份有限公司（以下简称"公司"）第五届监事会第八次会议 于 2025 年 8 月 26 日以现场表决方式召开，监事会会议通知于 2025 年 8 月 15 日以书面通知加电话确认的方式通知全体监事。本次会议应参加表决的监事 3 人，出席会议的监事 3 名。会议召开符合《公司法》和本公司章程的有关规定， 合法有效。 二、监事会会议审议情况 1、审议通过《关于开展金融衍生产品交易的议案》 表决情况：赞成 3 票，反对 0 票，弃权 0 票 表决结果：审议通过 具体内容详见上海证券交易所网站同日公告的 2025-044 号公告。 2、审议通过《关于 2025 年半年度报告及其摘要的议案》 表决情况：赞成 3 票，反对 0 票，弃权 0 票 表决结果：审议通过 具体内容详见上海证券交易所网站同日公告的长久物流 2025 ...

一、董事会会议召开情况 北京长久物流股份有限公司（以下简称"公司"）第五届董事会第十三次会 议于 2025 年 8 月 26 日以现场表决方式召开，董事会会议通知及相关文件已于 2025 年 8 月 15 日以书面通知加电话确认的方式通知全体董事。公司董事会现有 成员 7 名，出席会议的董事 7 名。会议召开符合《公司法》和本公司章程的有关 规定，合法有效。 证券代码:603569 证券简称:长久物流 公告编号：2025-046 北京长久物流股份有限公司 第五届董事会第十三次会议决议公告 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。 上述议案已经公司董事会审计委员会审议通过，具体内容详见上海证券 交易所网站同日公告的 2025-044 号公告。 2、审议通过《关于 2025 年半年度报告及其摘要的议案》 表决情况：赞成 7 票，反对 0 票，弃权 0 票 表决结果：审议通过 上述议案已经公司董事会审计委员会审议通过，具体内容详见上海证券 交易所网站同日公告的长久物流 2025 年半年度报告全文及摘要。 特此公告 202 ...