Core Viewpoint - The company, Milkwell, has announced the acquisition of a 30% stake in Tianjin Wuze Logistics Co., Ltd. for 142 million RMB through a public bidding process, aiming to enhance its logistics services in the Tianjin area and optimize its long-term strategic layout [1][3]. Group 1: Acquisition Details - The acquisition price for the 30% stake in Tianjin Wuze is 141.55 million RMB, which aligns with the assessed value of the stake as per the evaluation report [1][3]. - The company received a confirmation notice from Tianjin Property Rights Exchange Center on February 19, 2025, and completed the payment for the remaining price on March 6, 2025 [2]. - The acquisition was approved by the company's board of directors and does not require shareholder approval, as it falls within the board's authority [2]. Group 2: Financial Performance - In 2024, the company reported a revenue of 12.118 billion RMB, a year-on-year increase of 24.26%, and a net profit of 565 million RMB, up 31.04% [4]. - For the first quarter of 2025, the company achieved a revenue of 3.342 billion RMB, reflecting a 15.40% year-on-year growth, with a net profit of 172 million RMB, a 14.02% increase [4]. - The growth in revenue is attributed to significant increases in the MGF segment's sea freight exports and the MCD segment's performance [4]. Group 3: Company and Industry Context - Tianjin Wuze is a small enterprise primarily engaged in handling and warehousing, with a revenue of 7.9149 million RMB and a net loss of 2.57997 million RMB in 2024 [5]. - The performance of Tianjin Wuze is significantly below industry leaders, with its revenue being less than 10 million RMB compared to Milkwell's revenue exceeding 10 billion RMB [5]. - The acquisition is expected to strengthen Milkwell's position in the hazardous goods logistics market in North China, given the high entry barriers in this sector [5].

Mergers and Acquisitions - Huamao Technology plans to acquire 57.84% stake in Fuchuang Youyue through direct and indirect means, and will issue shares to raise matching funds from its controlling shareholder Dongyang Huasheng [1] - Milkway intends to acquire 30% stake in Tianjin Wuze for 142 million yuan to enhance logistics services for hazardous cargo in Tianjin and surrounding areas [2] - Suqian Agricultural Development plans to invest 178 million yuan to acquire 28.75% of Jintaiyang Grain and Oil, resulting in an 80% ownership post-transaction [3] Share Buybacks and Reductions - Yong'an Futures plans to repurchase shares worth between 50 million to 100 million yuan, with a maximum repurchase price of 18.63 yuan per share, aimed at reducing registered capital [4] - Lian Ce Technology's vice chairman Yu Xuanxuan intends to reduce holdings by up to 54,000 shares, representing 0.84% of total shares, while another shareholder plans to reduce by 10,000 shares, or 0.16% [5] - Bixing Wulian's shareholder Ningbo Fengtu Huizheng plans to reduce holdings by up to 235,560 shares, which is 3% of the total share capital [6] Risk Matters - *ST Sailong warns of potential market overheating risk due to significant recent stock price increases, which deviate from reasonable valuations and fundamentals [7] - Lehui International reports that its draft beer business is relatively small and currently operating at a loss, cautioning investors about associated risks [8] - Wangzi New Materials clarifies that its controllable nuclear fusion business contributes minimally to overall revenue, emphasizing limited short-term impact on performance [9][10]

| 证券代码：603713 | 证券简称：密尔克卫 | 公告编号：2025-060 | | --- | --- | --- | | 转债代码：113658 | 证券简称：密卫转债 | | 密尔克卫智能供应链服务集团股份有限公司 关于通过公开摘牌方式收购天津物泽物流有限公司 30%股权的公告 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。 重要内容提示： 密尔克卫智能供应链服务集团股份有限公司（以下简称"密尔克卫"、 "公司"）通过公开摘牌方式收购天津港物流发展有限公司公开挂牌转让的 天津物泽物流有限公司（以下简称"天津物泽"、"标的公司"、"交易标的"） 30%股权，交易价格为人民币 14,154.75 万元。 本次交易不构成关联交易或重大资产重组。 本次交易已经公司第四届董事会第四次会议审议通过。由于本次交 易属于公开挂牌竞标事项，根据《上海证券交易所股票上市规则》《公司章 程》《公司信息披露暂缓与豁免管理制度》等法律法规、规章制度，董事会 审议通过之后，公司暂缓披露了该事项，待成功摘牌之后再及时履行信息披 露义务。 公司本 ...

Group 1 - The company, Milkway (603713), announced the acquisition of a 30% stake in Tianjin Wuze Logistics Co., Ltd. from Tianjin Port (600717) for a transaction price of RMB 142 million [1] - The transaction has been approved by the company's fourth board meeting and does not constitute a related party transaction or a major asset restructuring [1] - Following the completion of the transaction, the company will enjoy shareholder rights corresponding to the acquired stake and will assume the associated obligations [1] Group 2 - Tianjin Wuze is projected to have an operating income of RMB 7.9149 million for 2024, with a net profit of RMB -25.7997 million [1]

密尔克卫智能供应链服务集团股份有限公司 对外担保进展公告 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： | 证券代码：603713 | 证券简称：密尔克卫 | 公告编号：2025-058 | | --- | --- | --- | | 转债代码：113658 | 转债简称：密卫转债 | | 一、 担保情况概述 （一）担保基本情况 近日，公司与宁波银行股份有限公司上海分行签订合同，为密尔克卫化工物 流提供额度为人民币 21,000.00 万元的担保，并为其承担连带保证责任；就公司 全资子公司上海慎则与供应商兰科化工（张家港）有限公司（以下简称"兰科化 工（张家港）"）买卖合同履约事宜,公司与上海慎则签订了《连带保证书》，为上 海慎则提供额度为 1,000.00 万美元的担保，并为其承担连带保证责任。兰科化工 （张家港）是一家主要开展环氧树脂生产及其他化学品业务的外资公司。 被担保人名称：上海密尔克卫化工物流有限公司（以下简称"密尔克卫 化工物流"）、上海慎则化工科技有限公司（以下简称"上海慎则"） 本次担保金额 ...

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： 财务资助情况：经密尔克卫智能供应链服务集团股份有限公司（以下简 称"密尔克卫"、"公司"）2024 年年度股东大会审议通过，公司以自有资金向 上海嘉金盈环保服务有限公司（以下简称"嘉金盈环保"）提供同比例股东借款， 借款金额不超过 500 万元人民币，借款期限不超过 3 年，年利率为 2.5%。 财务资助进展：近日，公司与嘉金盈环保签署了《借款协议》。 风险提示：本次财务资助是在确保公司日常生产经营资金需求的前提下 实施，不影响公司日常资金正常周转。公司将密切关注嘉金盈环保的经营状况、 财务状况及偿债能力，按照资金需求分批借款，并对该公司的还款情况进行监 督，如发现或判断出现不利因素，将及时采取相应措施，控制或降低财务资助 风险。 一、财务资助事项概述 1、嘉金盈环保为公司持股10%的参股公司，公司拟向其提供同比例股东借 款不超过500万元，借款期限不超过3年，借款年利率为2.5%，按照资金需求分 批借款，借款用途为补充流动资金。 | 证券代码：603713 | ...

Core Viewpoint - The report outlines the adjustment of the conversion price for the convertible bonds issued by Milkway Intelligent Supply Chain Service Group Co., Ltd., following the company's profit distribution plan for 2024, which involves a cash dividend of 7.1 yuan per 10 shares [15][16]. Group 1: Bond Issuance Overview - The total amount of convertible bonds approved for issuance is up to 872.39 million yuan, with 8,723,880 bonds issued at a face value of 100 yuan each, raising a net amount of 861.44 million yuan [4][5]. - The bonds have a term of 5 years, from September 16, 2022, to September 15, 2027, with an interest rate that increases from 0.3% in the first year to 2.0% in the fifth year [5][6]. Group 2: Conversion Price Adjustment - The initial conversion price was set at 134.55 yuan per share, which will be adjusted based on the company's actions such as stock dividends and cash dividends [6][8]. - Following the profit distribution plan, the conversion price has been adjusted from 56.43 yuan to 55.72 yuan per share, effective from June 5, 2025 [15][16]. Group 3: Management and Oversight - China International Capital Corporation (CICC) serves as the sponsor and trustee for the bonds, ensuring the protection of bondholders' rights and interests [3][16]. - CICC will continue to monitor the issuer's ability to repay the principal and interest of the bonds and any other significant matters affecting bondholders [16].

股票代码：603713 股票简称：密尔克卫 债券代码：113658 债券简称：密卫转债 密尔克卫智能供应链服务集团股份有限公司 公开发行可转换公司债券 第二次临时受托管理事务报告 （2025 年度） 债券受托管理人 二〇二五年五月 重要声明 本报告依据《公司债券发行与交易管理办法》（2023 年修订）、《密尔克卫 化工供应链服务股份有限公司公开发行可转换公司债券之债券受托管理协议》 （以下简称"《受托管理协议》"）、《密尔克卫化工供应链服务股份有限公司 公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"）等相关 公开信息披露文件、第三方中介机构出具的专业意见等，由本期债券受托管理人 中国国际金融股份有限公司（以下简称"中金公司"）编制。中金公司对本报告 中所包含的从上述文件中引述内容和信息未进行独立验证，也不就该等引述内容 和信息的真实性、准确性和完整性做出任何保证或承担任何责任。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜做出独立判断，而不应将本报告中的任何内容据以作为中金公司所作的承诺 或声明。在任何情况下，投资者依据本报告所进行的任何作为或不作为，中金公 司不承 ...

New Stock Issuance - New stock issuance for Jiao Da Tie Fa at an issuance price of 8.81[1] - ST Li Fang and United Chemical have recent announcements dated May 14 and May 23 respectively[1] - Multiple companies including Zhongzhou Special Materials and San Sheng Guo Jian have announcements on May 23[1] Market Alerts - Significant abnormal fluctuations reported for Nanjing Port and Li Jun Co. on May 23[1] - ST Er Ya and ST Jin Hong have recent announcements regarding market conditions[1] - Companies like Hainan Development and ST Haihua have reported abnormal trading activities[1] Trading Updates - Trading updates for various companies including ST Ya Zhen and ST Jian Gang on May 27[1] - Multiple companies have links to their announcements for further details on trading activities[1] - The report includes a comprehensive list of companies with their respective announcement dates and links for investor reference[1]

Core Viewpoint - The company announced an adjustment to the conversion price of its convertible bonds, "Miwei Convertible Bonds," due to the implementation of its 2024 profit distribution plan, which includes a cash dividend of 7.1 yuan per 10 shares [1][5]. Summary by Sections Convertible Bond Adjustment - The previous conversion price was 56.43 yuan per share, which has been adjusted to 55.72 yuan per share [2][5]. - The effective date for the new conversion price is June 5, 2025 [2][5]. Issuance Details - The company raised a total of 872.388 million yuan through the issuance of convertible bonds, which have a term of five years from September 16, 2022, to September 15, 2027, with a coupon rate of 0.3% for the first year and 0.5% for the second year [2][3]. Conversion Price Adjustment Basis - The adjustment of the conversion price is based on the terms outlined in the prospectus, which stipulates that the conversion price will be modified in response to stock dividends, capital increases, and cash dividends [3][4]. - The formula used for the adjustment is P1 = P0 - D, where P1 is the adjusted conversion price, P0 is the previous conversion price, and D is the cash dividend per share [5].