Core Viewpoint - Changjiu Logistics experienced a stock price decline of 2.09% on September 17, with a current price of 9.37 CNY per share and a market capitalization of 5.655 billion CNY [1] Financial Performance - For the first half of 2025, Changjiu Logistics reported revenue of 2.326 billion CNY, representing a year-on-year growth of 27.54%. However, the net profit attributable to shareholders decreased by 80.66% to 10.1688 million CNY [2] - The company has distributed a total of 747 million CNY in dividends since its A-share listing, with 72.4181 million CNY distributed over the past three years [3] Stock Market Activity - As of September 17, 2023, Changjiu Logistics' stock has increased by 26.79% year-to-date, but has seen a decline of 6.39% over the last five trading days [1] - The company has appeared on the "Dragon and Tiger List" twice this year, with the most recent instance on May 14, where it recorded a net purchase of 35.1985 million CNY [1] Shareholder Information - As of June 30, 2025, the number of shareholders for Changjiu Logistics increased by 12.47% to 31,300, while the average circulating shares per person decreased by 11.09% to 19,267 shares [2] - The top ten circulating shareholders include Jin Yuan Shun An Yuan Qi Flexible Allocation Mixed Fund, which holds 1.28 million shares, a decrease of 6.58% from the previous period [3]

证券代码：603569 证券简称：长久物流 公告编号：2025-054 北京长久物流股份有限公司 关于 2025 年半年度业绩说明会召开情况的公告 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。 北京长久物流股份有限公司（以下简称"公司"）2025 年半年度业绩说明 会已于 2025 年 9 月 12 日上午 10:00-11:00 在上海证券交易所上证路演中心 （https://roadshow.sseinfo.com/）通过网络文字互动的方式举行，现将本次 说明会召开情况公告如下： 一、 本次说明会召开情况 2、公司通过收购迪度新能源切入动力电池回收领域，目前整合进展如何？ 答：尊敬的投资者您好，受制于竞争态势、锂价波动等因素影响，截至目前 的整合进度不及收购之初预期，公司后续会积极拓展市场、降本增效，努力实现 迪度在新能源电池回收领域快速发展。感谢您对公司的关注！ 3、请问薄总，前些年曾说努力向着千亿市值的目标冲刺，几年过去了公司 市值长期处于低位运行，财报似乎也是增收不增利，想了解下基于什么样的客观 因素和市场规 ...

Core Viewpoint - The article discusses the recent performance and strategic outlook of Changjiu Logistics, highlighting its financial results, business segments, and the impact of regulatory changes on its operations [1][2][3]. Financial Performance - In the first half of 2025, Changjiu Logistics achieved revenue of approximately 2.326 billion yuan, a year-on-year increase of 27.54% from 1.824 billion yuan [2]. - The net profit attributable to shareholders was 10.1688 million yuan, a significant decline of 80.66% compared to the previous year [2]. - The net profit after deducting non-recurring gains and losses was approximately 9.1552 million yuan, down 82.79% year-on-year [2]. - Total assets at the end of the period were about 6.010 billion yuan, with net assets attributable to shareholders at approximately 2.970 billion yuan [2]. - The net cash flow from operating activities improved to 220 million yuan [2]. Company Overview - Changjiu Logistics, listed in 2016, is the first A-share listed third-party automotive logistics company in China, providing comprehensive logistics solutions for the automotive industry [3]. Business Segments - The company operates three main business divisions: 1. **Complete Vehicle Division**: Offers a full-chain logistics service system covering transportation, warehousing, and social vehicle services [4]. 2. **International Division**: Provides global logistics services including international shipping and customs clearance [5]. 3. **New Energy Division**: Focuses on energy storage products and logistics services for hazardous materials, promoting sustainable development [6]. Regulatory Impact - The recent "Special Governance Action Plan for Vehicle Transport Vehicles" aims to regulate the market and improve safety, which is expected to benefit Changjiu Logistics by increasing the utilization rate of compliant vehicles [7][8]. - The company currently has over 2,400 compliant vehicle transporters and anticipates a rise in operational efficiency post-regulation [8]. Future Outlook - The company is preparing to fill the market gap left by non-compliant vehicles, expecting to benefit from increased pricing power and reduced reliance on external partnerships [8]. - The impact of the regulatory changes on the international and new energy businesses is expected to be minimal, with a positive effect on domestic compliance transportation [9]. Capital Operations - Changjiu Logistics plans to continue refining its capital market operations and governance structure, focusing on strategic investments and potential acquisitions to enhance its competitive edge [12].

Core Viewpoint - Changjiu Logistics has experienced a stock price fluctuation, with a recent decline of 2.02% and a year-to-date increase of 31.53% [1][2]. Financial Performance - For the first half of 2025, Changjiu Logistics reported a revenue of 2.326 billion yuan, representing a year-on-year growth of 27.54%. However, the net profit attributable to shareholders decreased by 80.66% to 10.1688 million yuan [3]. - The company has distributed a total of 747 million yuan in dividends since its A-share listing, with 72.4181 million yuan distributed over the past three years [4]. Stock Market Activity - As of September 12, the stock price was 9.72 yuan per share, with a market capitalization of 5.866 billion yuan. The trading volume was 25.6456 million yuan, with a turnover rate of 0.43% [1]. - In the past five trading days, the stock has decreased by 1.22%, while it has increased by 21.20% over the last 20 days and 28.57% over the last 60 days [2]. Shareholder Information - As of June 30, 2025, the number of shareholders increased by 12.47% to 31,300, while the average circulating shares per person decreased by 11.09% to 19,267 shares [3]. - The top ten circulating shareholders include Jin Yuan Shun An Yuan Qi Ling Huo Pei She Mixed Fund, which holds 1.28 million shares, a decrease of 6.58 million shares from the previous period [4].

证券代码:603569 证券简称:长久物流 公告编号：2025-053 北京长久物流股份有限公司（以下简称"公司"）控股股东吉林省长久实 业集团有限公司（以下简称"长久集团"）持有公司股份 371,240,533 股，占公司总股本的 61.51%；累计质押公司股份 208,000,000 股，占其 所持公司股份的 56.03%，占公司总股本的 34.47%。 控股股东长久集团及其一致行动人上海汇瑾资产管理有限公司-汇瑾尊 越 1 号私募证券投资基金（以下简称"汇瑾尊越 1 号基金"）、上海牧鑫 私募基金管理有限公司－牧鑫鼎泰 1 号私募证券投资基金（以下简称"牧 鑫鼎泰 1 号基金"）、新疆新长汇股权投资管理有限责任公司（以下简称 "新长汇"）合计持有公司股份 428,859,005 股，占公司总股本的 71.05%； 合计累计质押公司股份 208,000,000 股，占所持公司股份的 48.50%，占 公司总股本的 34.47%。 本次质押情况变动系对前期部分质押股份的延期，不涉及新增股份质押 或质押解除的情形。截至目前，长久集团所持股份的质押风险可控，不 存在被强制平仓或被强制过户风险。 北京长久物流股份 ...

Group 1 - The controlling shareholder of Changjiu Logistics, Jilin Changjiu Industrial Group, holds approximately 371 million shares, accounting for 61.51% of the total share capital [1] - A total of 208 million shares have been pledged by the controlling shareholder, representing 56.03% of their holdings and 34.47% of the total share capital [1] - The controlling shareholder and its concerted parties, including Shanghai Huijin Asset Management and others, collectively hold about 429 million shares, which is 71.05% of the total share capital [1] Group 2 - The total pledged shares by the controlling shareholder and its concerted parties amount to 208 million, which is 48.5% of their holdings and 34.47% of the total share capital [1]

Group 1 - The core viewpoint is an upgrade of the profit forecast for Changjiu Logistics, raising its rating to "Buy" due to the steady advancement of highway overload control and an expected improvement in domestic business [1][3] - The company’s net profit forecasts for 2025E-2027E are adjusted to 0.88 billion, 4.42 billion, and 5.34 billion yuan respectively, with year-on-year growth rates of 10.9%, 400.5%, and 20.8% [1][3] - The implementation of highway overload control policies is expected to significantly enhance profit elasticity, particularly in 2026, as the company’s profitability will better reflect the price increases in transportation [1][3] Group 2 - There is a supply gap of approximately 10,000 compliant transport vehicles, indicating significant potential for price increases in the transportation market [2] - In 2024, China's automobile sales are projected to be 31.436 million units, with road transport accounting for 61.5% of this figure [2] - The average price increase from the current round of highway overload control is conservatively estimated at around 27%, with expectations of a 25% increase in single-vehicle revenue in 2026 compared to 2024 [3]

Market Overview - On September 5, the logistics sector rose by 0.59% compared to the previous trading day, with Furan De leading the gains [1] - The Shanghai Composite Index closed at 3812.51, up 1.24%, while the Shenzhen Component Index closed at 12590.56, up 3.89% [1] Top Gainers in Logistics Sector - Furan De (605050) closed at 18.40, up 7.60% with a trading volume of 167,600 shares and a turnover of 301 million yuan [1] - Changjiu Logistics (603569) closed at 9.84, up 6.26% with a trading volume of 208,900 shares and a turnover of 201 million yuan [1] - ST Yuanshang (603813) closed at 19.56, up 4.99% with a trading volume of 15,300 shares and a turnover of approximately 2.94 million yuan [1] - Pulu Tong (002769) closed at 9.80, up 4.93% with a trading volume of 500,700 shares and a turnover of 480 million yuan [1] Top Losers in Logistics Sector - Shentong Express (002468) closed at 15.95, down 3.57% with a trading volume of 510,300 shares and a turnover of 818 million yuan [2] - Jianfa Co. (600153) closed at 10.40, down 1.23% with a trading volume of 233,800 shares and a turnover of 243 million yuan [2] - Eastern Airlines Logistics (601156) closed at 14.78, down 1.20% with a trading volume of 284,300 shares and a turnover of 419 million yuan [2] Capital Flow Analysis - On the same day, the logistics sector experienced a net outflow of 115 million yuan from institutional investors, while retail investors saw a net inflow of 73.18 million yuan [2] - Furan De had a net inflow of 56.23 million yuan from institutional investors, while it faced a net outflow of 50.80 million yuan from speculative funds [3] - China Foreign Trade (601598) saw a net inflow of 24.81 million yuan from institutional investors, with a net outflow of 7.83 million yuan from speculative funds [3]

Group 1 - The company announced the resignation of its Vice President, Lu Yuliang, due to personal reasons, effective September 3, 2025 [1] - Lu Yuliang will no longer hold any position within the company after his resignation [1] - The resignation will not affect the company's normal operations, and Lu Yuliang will complete the handover process as per company regulations [1] Group 2 - Lu Yuliang's original term was set to expire on February 25, 2027, but he resigned before the term ended [1] - As of the announcement date, Lu Yuliang did not hold any shares in the company and had no outstanding public commitments [1] - The company expressed gratitude for Lu Yuliang's contributions during his tenure [1]

证券代码：603569 证券简称：长久物流 公告编号：2025-052 北京长久物流股份有限公司 关于召开 2025 年半年度业绩说明会的公告 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： 北京长久物流股份有限公司（以下简称"公司"）已于 2025 年 8 月 27 日发 布公司 2025 年半年度报告。为便于广大投资者更加全面深入了解公司 2025 年半 年度经营成果、财务状况，公司计划于 2025 年 9 月 12 日上午 10:00-11:00 举行 一、 说明会类型 本次投资者说明会以网络互动形式召开，公司将针对 2025 年半年度的经营 成果、财务指标及利润分配的具体情况与投资者进行互动交流和沟通，在信息披 露允许的范围内就投资者普遍关注的问题进行回答。 董事长：薄世久先生 董事、总经理兼代理财务总监：闫超先生 四、 投资者参加方式 （一）投资者可在 2025 年 9 月 12 日（星期五）上午 10:00-11:00，通过互 联网登录上证路演中心（http://roadshow.sseinf ...