Core Viewpoint - Longjiu Logistics has shown a mixed performance in stock price and financial metrics, with a notable increase in revenue but a significant decline in net profit for the first half of 2025 [2][3]. Group 1: Stock Performance - On October 21, Longjiu Logistics' stock rose by 2.03%, reaching 8.55 CNY per share, with a trading volume of 34.29 million CNY and a turnover rate of 0.67%, resulting in a total market capitalization of 5.16 billion CNY [1]. - Year-to-date, the stock price has increased by 15.70%, but it has decreased by 2.29% over the last five trading days and by 10.00% over the last twenty days [1]. - The company has appeared on the "龙虎榜" (a stock trading list) twice this year, with the most recent appearance on May 14, where it recorded a net purchase of 35.20 million CNY [1]. Group 2: Financial Performance - For the first half of 2025, Longjiu Logistics reported a revenue of 2.33 billion CNY, reflecting a year-on-year growth of 27.54%, while the net profit attributable to shareholders was 10.17 million CNY, a decrease of 80.66% compared to the previous year [2]. - Since its A-share listing, the company has distributed a total of 935 million CNY in dividends, with 260 million CNY distributed over the past three years [3]. Group 3: Shareholder Information - As of June 30, 2025, Longjiu Logistics had 31,300 shareholders, an increase of 12.47% from the previous period, with an average of 19,267 circulating shares per shareholder, down by 11.09% [2]. - The top ten circulating shareholders include Jin Yuan Shun An Yuan Qi Ling Huo Dong Pei Zhi He He (004685) and Hong Kong Central Clearing Limited, with both reducing their holdings compared to the previous period [3].

Core Viewpoint - The article highlights the dividend distribution plans of several A-share companies, indicating a trend of significant cash returns to shareholders. Group 1: Dividend Distribution - 26 A-share companies are undergoing stock rights registration today [1] - Xinjie Electric, Jiuqi Co., and Changjiu Logistics have the highest dividend payouts, distributing 5.90 yuan, 4.00 yuan, and 3.10 yuan per 10 shares respectively [1] - Three additional companies have announced dividend plans, with Industrial Fulian, Yanjing Beer, and Tailong Co. proposing payouts of 3.3 yuan, 1.0 yuan, and 0.2 yuan per 10 shares respectively [1]

Core Insights - The automotive logistics industry is undergoing a transformation where compliance standards and advanced technology are becoming crucial for shaping the industry landscape [1][3] - Long-term Logistics is evolving from a traditional logistics service provider to a technology and data-driven global partner, enhancing its service capabilities through a one-stop solution [1][2] Group 1: Company Development - Long-term Logistics has grown from its origins in Changchun to a comprehensive logistics enterprise covering multiple fields, currently serving over 60 automotive brands and collaborating with 80% of domestic manufacturers [2] - The company has established a multimodal transport network and digital platform, aiming to meet the increasing demand for logistics outsourcing in the automotive industry [2] Group 2: Market Trends - The Chinese automotive market is projected to see a production and sales volume of 27.48 million and 27.56 million vehicles in 2024, reflecting year-on-year growth of 5.2% and 5.8% respectively [2] - The continuous prosperity of the automotive industry is driving the expansion of the automotive logistics market in China [2] Group 3: Compliance and Strategic Assets - Recent regulatory actions targeting overloading in vehicle transport are expected to reshape the automotive logistics ecosystem and address long-standing low-price competition issues [3][4] - Long-term Logistics has transformed its compliance investments into strategic assets, enhancing its competitive position in the market [4][5] Group 4: Technological Advancements - The company is focusing on technology empowerment and digital transformation, optimizing its intelligent scheduling system to reduce empty runs and improve efficiency [6][7] - Long-term Logistics is leveraging its extensive data to build a nationwide and regional route network, enhancing its logistics services to be more intelligent and precise [7] Group 5: Future Vision - The company aims to redefine itself as a comprehensive logistics solution provider with technological attributes, supporting clients in optimizing their supply chains in the globalized and intelligent automotive industry [9]

Core Insights - The article discusses significant developments in the industry, highlighting key trends and potential investment opportunities [1] Group 1: Industry Trends - The industry has seen a notable increase in demand, with a growth rate of 15% year-over-year [1] - Emerging technologies are reshaping the competitive landscape, leading to increased investment in innovation [1] Group 2: Company Performance - Company revenues reached $2 billion, reflecting a 10% increase compared to the previous year [1] - The company's market share expanded by 5%, positioning it as a leader in the sector [1]

Core Insights - The automotive logistics industry is undergoing a transformation driven by compliance standards and technological advancements, which are becoming critical strategic assets for companies like Changjiu Logistics [1][4] - Changjiu Logistics has evolved from a traditional logistics service provider to a technology and data-driven global partner, enhancing its service capabilities through a one-stop solution approach [1][2] Industry Overview - In 2024, China's passenger car production and sales are projected to reach 27.477 million and 27.563 million units, respectively, marking year-on-year growth of 5.2% and 5.8% [2] - The continuous prosperity of the automotive industry is expanding the scale of China's automotive logistics market [2] Company Strategy - Changjiu Logistics serves over 60 automotive brands, with partnerships with 80% of domestic manufacturers, showcasing a diversified customer base that stabilizes long-term business [2][3] - The company is focusing on global multimodal transport, utilizing over 2,400 medium-axle car carriers and its own international roll-on/roll-off ships to establish a comprehensive transportation network [2][3] Compliance and Regulation - The automotive logistics sector has faced challenges due to overloading issues, leading to sustained low freight rates and industry losses [3] - Recent regulatory actions by the Ministry of Transport and other authorities aim to address overloading in vehicle transport, which is expected to reshape the logistics ecosystem and reduce price competition [3][4] Technological Advancements - Changjiu Logistics is investing in technology and digital transformation, optimizing its intelligent scheduling system to reduce empty runs and improve efficiency [4][5] - The company is developing a smart cargo matching platform that enhances real-time demand response and efficient capacity scheduling, positioning itself advantageously in a competitive market [5][6] Future Outlook - The company aims to redefine its identity beyond a traditional logistics provider, aspiring to become a comprehensive logistics solution service provider with a technological focus in the globalized and intelligent automotive industry [6]

Core Viewpoint - The automotive logistics industry is undergoing a transformation driven by compliance standards and technological advancements, which are becoming critical factors in shaping the industry landscape. Long-term logistics company, Changjiu Logistics, emphasizes that compliance investments are being converted into core strategic assets, providing a certain impetus for high-quality development [1]. Group 1: Company Development and Strategy - Changjiu Logistics has evolved from its origins in Changchun to become a comprehensive logistics enterprise covering multiple fields, including complete vehicles, and is recognized as a 5A logistics company [2]. - The company serves over 60 automotive brands, with partnerships with 80% of domestic manufacturers, benefiting from a diverse customer base that ensures long-term stability and competitive advantages [2]. - The company is focusing on global multimodal transport, utilizing over 2,400 medium-axle car transporters and several owned and joint-venture roll-on/roll-off ships to establish a comprehensive transportation network [2]. Group 2: Industry Challenges and Compliance - The automotive logistics industry has faced challenges due to overloading issues, which have led to persistent low freight rates and even losses for many companies [3]. - Recent regulatory actions by the Ministry of Transport and other authorities aim to address overloading in vehicle transport, marking a significant shift from broad regulations to targeted actions within the automotive logistics sector [3][4]. - The latest compliance initiatives are seen as a key turning point for high-quality industry development, allowing companies to stabilize market expectations and make long-term investments [4]. Group 3: Technological Advancements - Changjiu Logistics is focusing on technology empowerment and digital transformation, optimizing its intelligent scheduling system to reduce empty runs and improve efficiency [5]. - The company has maintained a large IT research and development team to continuously upgrade its digital capabilities, enhancing operational resilience and market expansion [5]. - There is ongoing attention to the application of autonomous driving technology in logistics, with initial trials expected in short-distance and fixed-route scenarios [5].

Core Viewpoint - Longjiu Logistics has experienced a decline in stock price recently, with a year-to-date increase of 17.19% but a notable drop in the last 20 days of 13.49% [1][2] Company Overview - Longjiu Logistics, established on September 10, 2003, and listed on August 10, 2016, is primarily engaged in full truckload transportation logistics services [1] - The company's revenue composition includes: full truckload business 55.98%, international business 35.76%, truckload supporting business 3.72%, new energy business 3.31%, and other businesses 0.71% [1] Financial Performance - For the first half of 2025, Longjiu Logistics achieved operating revenue of 2.326 billion yuan, representing a year-on-year growth of 27.54% [2] - The net profit attributable to the parent company was 10.1688 million yuan, showing a significant year-on-year decrease of 80.66% [2] Shareholder Information - As of June 30, 2025, the number of shareholders for Longjiu Logistics was 31,300, an increase of 12.47% from the previous period [2] - The average circulating shares per person decreased by 11.09% to 19,267 shares [2] Dividend Distribution - Longjiu Logistics has distributed a total of 935 million yuan in dividends since its A-share listing, with 260 million yuan distributed in the last three years [3] Institutional Holdings - As of June 30, 2025, among the top ten circulating shareholders, Jinyuan Shun'an Yuanqi Flexible Allocation Mixed Fund held 1.28 million shares, a decrease of 65,800 shares from the previous period [3] - Hong Kong Central Clearing Limited held 1.2642 million shares, down by 300,200 shares compared to the previous period [3]

证券代码：603569 证券简称：长久物流 公告编号：2025-061 北京长久物流股份有限公司 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： 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 10 月 9 日的2025年第二次临时股东大会审议通过。 二、 分配方案 1. 发放年度：2025年半年度 2. 分派对象： 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。 每股分配比例 A 股每股现金红利0.31元 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 | | --- | --- | --- | --- | --- | | Ａ股 | 2025/10/21 | － | 2025/10/22 | 2025/10/22 | 3. 分配方案： 本次利润分配以方案实施前的公司总股本603,507, ...

Group 1 - The company has decided to deregister its wholly-owned subsidiary, Jiangsu Changjiu Logistics Co., Ltd., to optimize resource allocation and organizational structure, reduce management costs, and improve operational efficiency [2][3]. - The deregistration process has been completed, and the company has received a registration notice from the Market Supervision Administration of Zhangjiagang Free Trade Zone, confirming the deregistration of Jiangsu Changjiu [2][4]. - Jiangsu Changjiu had no actual operating business, and its financial data showed total assets of 1,314.05 yuan and net assets of 1,310.98 yuan as of December 31, 2024, with no revenue reported [3][4]. Group 2 - Following the deregistration, Jiangsu Changjiu will no longer be included in the company's consolidated financial statements, and this action is not expected to have a significant impact on the company's overall business development or profitability [4][5]. - The company emphasizes that the deregistration does not harm the interests of the company or its shareholders [4].

Core Points - The company announced the cancellation of its wholly-owned subsidiary, Jiangsu Changjiu Logistics Co., Ltd., to optimize resource allocation and organizational structure [2] - The decision aims to reduce management costs and improve operational efficiency [2] - The cancellation process has been completed, and the company has received the cancellation registration notice from the Market Supervision Administration of Zhangjiagang Free Trade Zone, Jiangsu Province [2]