Core Points - Company Milkyway announced the signing of contracts with Bank of Communications and Bank of China for providing guarantees totaling RMB 11 million and RMB 50 million respectively [1][1][1] - The total external guarantee balance for the company and its subsidiaries, after deducting fulfilled guarantees, stands at RMB 484.91 million, which is within the approved limit by the shareholders' meeting [1][1][1] Summary by Categories - **Guarantee Contracts** - Company signed a contract with Bank of Communications to provide a guarantee of RMB 11 million for Shanghai Port Chemical Logistics Co., Ltd. [1] - Company also signed a contract with Bank of China to provide a guarantee of RMB 50 million for Shanghai Shenze Chemical Technology Co., Ltd. [1] - **Financial Position** - After the new guarantees, the total external guarantee balance is RMB 484.91 million [1] - This balance is within the limit approved by the company's shareholders' meeting [1]

密尔克卫智能供应链服务集团股份有限公司 关于为控股子公司提供担保的公告 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： | 担保对象 | 被担保人名称 | 上海港口化工物流有限公司（以下简称 "上港物流"） | | | | --- | --- | --- | --- | --- | | | 本次担保金额 | | 1,100.00 万元 | | | 一 | 实际为其提供的担保余额 | | 1,100.00 万元 | | | | 是否在前期预计额度内 | | □否 是 | □不适用：_________ | | | 本次担保是否有反担保 | | □是 否 | □不适用：_________ | | | 被担保人名称 | | | 南京密尔克卫化工供应链服务有限公 司（以下简称"南京密尔克卫"） | | 担保对象 | 本次担保金额 | | 1,000.00 万元 | | | 二 | 实际为其提供的担保余额 | | 1,000.00 万元 | | | | 是否在前期预计额度内 | | □否 是 | □不适用：_____ ...

Group 1 - The core point of the article is the establishment of a new company, Milkwell Chemical Supply Chain Management (Ningbo) Co., Ltd., which is fully owned by Milkwell (603713) [1] - The registered capital of the new company is 5 million RMB [1] - The business scope of the new company includes supply chain management services, retail of computer software and hardware, sales of photovoltaic equipment and components, and data processing and storage support services [1]

Core Insights - The logistics sector experienced a decline of 0.3% on November 19, with Longzhou Co. leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - ST Xuefa (002485) saw a significant increase of 4.94%, closing at 5.10 with a trading volume of 54,200 shares and a turnover of 27.61 million yuan [1] - Longzhou Co. (002682) led the decline with a drop of 9.95%, closing at 7.06 with a trading volume of 2.24 million shares and a turnover of 1.648 billion yuan [2] - Other notable performers included Huapei (300350) with a 4.70% increase and Dongfang Jiasheng (002889) with a 4.07% increase [1] Capital Flow - The logistics sector saw a net outflow of 252 million yuan from institutional investors, while retail investors contributed a net inflow of 194 million yuan [2] - The table of capital flow indicates that Dongfang Jiasheng (002889) had a net inflow of 44.26 million yuan from institutional investors, while it faced a net outflow of 22.33 million yuan from retail investors [3]

Core Viewpoint - The stock of Milkway experienced a decline of 2.01% on November 18, with a current price of 58.61 CNY per share and a total market capitalization of 9.268 billion CNY [1] Company Overview - Milkway Intelligent Supply Chain Service Group Co., Ltd. was established on March 28, 1997, and went public on July 13, 2018. The company specializes in providing comprehensive logistics services centered around freight forwarding, warehousing, and transportation, gradually extending into chemical product distribution [1] - The main revenue composition includes: 48.08% from MCD unique distribution, 24.02% from MGF global freight forwarding, 17.40% from MWT integrated warehousing and distribution, 9.96% from MGM global mobility, and 0.53% from other sources [1] Financial Performance - For the period from January to September 2025, Milkway achieved a revenue of 10.67 billion CNY, representing a year-on-year growth of 11.70%. The net profit attributable to shareholders was 525 million CNY, with a year-on-year increase of 7.04% [2] - Since its A-share listing, Milkway has distributed a total of 444 million CNY in dividends, with 288 million CNY distributed over the past three years [3] Shareholder Information - As of September 30, 2025, the number of shareholders for Milkway was 11,300, a decrease of 9.63% from the previous period. The average circulating shares per person increased by 10.66% to 14,034 shares [2] - The top ten circulating shareholders include Hong Kong Central Clearing Limited as the third-largest shareholder with 11.3135 million shares, a decrease of 1.3328 million shares from the previous period. New entrant Qianhai Kaiyuan Public Utility Stock holds 6.1037 million shares [3]

Group 1 - The company, Milkway (SH 603713), announced that as of the disclosure date, the total external guarantees provided by the company and its subsidiaries amount to approximately RMB 4.788 billion, which represents 110.89% of the latest audited net assets attributable to shareholders of the listed company [1] - For the first half of 2025, the revenue composition of Milkway is as follows: logistics accounts for 51.39%, trading accounts for 48.08%, and other businesses account for 0.53% [1] - As of the time of reporting, Milkway's market capitalization is RMB 9.5 billion [1]

密尔克卫智能供应链服务集团股份有限公司 关于为控股子公司提供担保的公告 | 证券代码：603713 | 证券简称：密尔克卫 | 公告编号：2025-092 | | --- | --- | --- | | 转债代码：113658 | 转债简称：密卫转债 | | 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： | 担 保 | 对 | 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"） | | | | --- | --- | --- | --- | --- | --- | | | | 本次担保金额 | | 万元 10,000.00 | | | 象一 | | 实际为其提供的担保余额 | 万元 | 290,197.47 | | | | | 是否在前期预计额度内 | | 是 □否 | □不适用：_________ | | | | 本次担保是否有反担保 | | □是 否 | □不适用：_________ | | 担 保 | 对 | 被担保人名称 | | 江宝华"） | 镇江宝华物流有限公司（ ...

Core Viewpoint - The company has signed contracts with Jiangsu Bank and Bank of China to provide guarantees for its subsidiaries, indicating a strategic move to secure financial support for its logistics operations [1] Group 1: Guarantee Agreements - The company has entered into a contract with Jiangsu Bank Shanghai Branch to provide a guarantee of up to RMB 100 million for its wholly-owned subsidiary, Shanghai Milky Way Chemical Logistics Co., Ltd [1] - Additionally, a contract has been signed with Bank of China Zhenjiang Branch to provide a guarantee of up to RMB 80 million for its wholly-owned subsidiary, Zhenjiang Baohua Logistics Co., Ltd [1] Group 2: Financial Implications - After accounting for the guarantees that have been fulfilled, the total external guarantee balance for the company and its subsidiaries stands at RMB 478.81 million [1] - The total amount of external guarantees represents 110.89% of the most recent audited net assets of the company [1] - There are instances where the guarantee recipients have a debt-to-asset ratio exceeding 70% [1] Group 3: Risk Management - The company has no overdue guarantees, indicating effective risk management practices in its financial dealings [1]

Group 1 - On November 13, Milkyway conducted a block trade of 56,000 shares, with a transaction amount of 3.1528 million yuan, accounting for 4.38% of the total transaction amount for the day [1] - The transaction price was 56.3 yuan, which represents a discount of 7.63% compared to the market closing price of 60.95 yuan [1]

Core Viewpoint - The stock of Milkway has shown a significant increase in price and trading activity, indicating positive market sentiment and potential growth in the logistics and supply chain sector [1][2]. Company Overview - Milkway Intelligent Supply Chain Service Group Co., Ltd. is based in Shanghai and was established on March 28, 1997, with its listing date on July 13, 2018 [1]. - The company specializes in comprehensive logistics services, focusing on freight forwarding, warehousing, and transportation, and has expanded into chemical product distribution [1]. Financial Performance - For the period from January to September 2025, Milkway achieved a revenue of 10.67 billion yuan, representing a year-on-year growth of 11.70%, and a net profit attributable to shareholders of 525 million yuan, up 7.04% year-on-year [2]. - The company has distributed a total of 444 million yuan in dividends since its A-share listing, with 288 million yuan distributed over the past three years [2]. Stock Performance - As of November 12, Milkway's stock price increased by 22.99% year-to-date, with a recent 5-day increase of 8.41% and a 60-day increase of 12.89% [1]. - The stock's trading volume on November 12 was 55.32 million yuan, with a turnover rate of 0.57% and a total market capitalization of 9.82 billion yuan [1]. Shareholder Structure - As of September 30, 2025, Milkway had 11,300 shareholders, a decrease of 9.63% from the previous period, with an average of 14,034 circulating shares per shareholder, an increase of 10.66% [2]. - The top three circulating shareholders include Hong Kong Central Clearing Limited, which holds 11.31 million shares, and new entrant Qianhai Kaiyuan Public Utility Stock [2].