Core Viewpoint - The company aims to promote the clean transformation of its vehicle structure, reduce carbon emissions, and enhance high-quality development by entering the green logistics sector through a partnership with Hyundai Motor for the procurement of fuel cell vehicles [1] Group 1: Company Strategy - The company plans to sign a vehicle purchase contract and supplementary agreement with Hyundai Motor Fuel Cell System (Guangzhou) Co., Ltd. to acquire 100 units of 18-ton fuel cell wing-opening box trucks [1] - The inclusive tax unit price for each vehicle is set at 783,200 yuan, leading to a total inclusive tax price of 78.32 million yuan for the procurement of 100 vehicles [1] Group 2: Industry Context - The initiative aligns with the growing demand for green logistics solutions, indicating a strategic move to capture new market opportunities in the sector [1]

Core Viewpoint - *ST Yuanshang (603813.SH) aims to promote the clean transformation of its vehicle structure, reduce carbon emissions, and enhance high-quality development by entering the green logistics sector through a partnership with Hyundai Motor's hydrogen fuel cell system division [1] Group 1: Company Strategy - The company plans to sign a vehicle purchase contract and supplementary agreement with Hyundai Motor to procure 100 units of 18-ton hydrogen fuel cell wing-opening box trucks [1] - The inclusive tax unit price for each vehicle is set at 783,200 yuan, leading to a total inclusive tax price of 78.32 million yuan for the 100 vehicles [1] Group 2: Industry Context - The initiative aligns with the growing demand for green logistics solutions, indicating a strategic move to capture new market opportunities in the sector [1]

Core Viewpoint - The company plans to sign a vehicle purchase contract with Hyundai Motor's hydrogen fuel cell system subsidiary, indicating a strategic move towards expanding its fleet with hydrogen-powered vehicles [1] Group 1: Contract Details - The company intends to purchase 100 units of 18-ton hydrogen fuel cell wing-opening box trucks from Hyundai Motor [1] - The tax-inclusive unit price for each vehicle is 783,200 yuan, leading to a total tax-inclusive price of 78.32 million yuan for the entire order [1] - This transaction does not qualify as a related party transaction or a significant asset restructuring as defined by the regulations [1]

Market Overview - The logistics sector increased by 0.36% on November 6, with ST Xuefa leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Top Gainers in Logistics Sector - ST Xuefa (002485) closed at 4.94, up 5.11% with a trading volume of 89,700 shares and a turnover of 44.11 million yuan [1] - *ST Yuanshang (603813) closed at 31.15, up 4.95% with a trading volume of 9,205 shares and a turnover of 27.98 million yuan [1] - Jiayou International (603871) closed at 14.54, up 3.64% with a trading volume of 128,200 shares and a turnover of 186 million yuan [1] Top Losers in Logistics Sector - Xiamen Xiangyu (600057) closed at 8.39, down 3.12% with a trading volume of 489,700 shares and a turnover of 409 million yuan [2] - Huami Duhai (920351) closed at 26.55, down 2.82% with a trading volume of 23,000 shares and a turnover of 6.14 million yuan [2] - Changjiang Investment (600119) closed at 8.74, down 2.78% with a trading volume of 75,400 shares and a turnover of 6.60 million yuan [2] Capital Flow in Logistics Sector - The logistics sector experienced a net outflow of 94.34 million yuan from institutional investors, while retail investors saw a net inflow of 65.24 million yuan [2] - The main stocks with significant net inflows included SF Holding (002352) with 64.23 million yuan and Shanghai Yashi (603329) with 23.05 million yuan [3] Detailed Capital Flow Analysis - SF Holding (002352) had a main net inflow of 64.23 million yuan, but retail and speculative investors saw net outflows of 33.92 million yuan and 30.31 million yuan respectively [3] - Shanghai Yashi (603329) had a main net inflow of 23.05 million yuan, with retail investors experiencing a net outflow of 19.25 million yuan [3] - New Ning Logistics (300013) recorded a main net inflow of 18.31 million yuan, while retail investors had a net outflow of 12.91 million yuan [3]

Group 1: New Stock Issuances - Multiple new stock issuances are scheduled for October 31, 2025, including Jiangbolong (301308) and Shikong Technology (605178) [1] - A total of 30 companies have announcements related to stock issuance or trading on this date [1] Group 2: Trading Alerts - Jiangbolong (301308) reported severe abnormal fluctuations in trading [1] - Other companies such as ST Wanfang (000638) and Yashichuangneng (603378) also have trading alerts on the same date [1] Group 3: Recent Announcements - Recent announcements include companies like Tianpu Co. (605255) and Kangsheng Co. (002418) with updates on October 31, 2025 [1] - The announcements cover various sectors, indicating a broad market activity [1]

Group 1 - The core point of the article is that *ST Yuanshang held its sixth board meeting on October 27, 2025, to discuss the application for a comprehensive bank credit line [1] - For the year 2024, *ST Yuanshang's revenue composition is heavily weighted towards supply chain logistics, accounting for 99.85%, while other businesses contribute only 0.15% [1] - As of the report, *ST Yuanshang has a market capitalization of 3 billion yuan [1]

证券代码：603813 证券简称：*ST 原尚 公告编号：2025-080 广东原尚物流股份有限公司 关于申请银行综合授信额度的公告 广东原尚物流股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开 第六届董事会第三次会议，审议通过了《关于公司申请银行综合授信额度的议 案》。 为满足公司经营资金需求，综合考虑公司未来发展需要，公司董事会同意公 司（含全资及控股子公司）向中国工商银行股份有限公司广州经济技术开发区分 行申请总计不超过 1 亿元的综合授信额度，授信品种包括但不限于：流动资金贷 款、项目贷款、银行承兑汇票、保函等。以上向银行申请的授信额度最终以银行 实际审批为准。以上授信额度不等于公司的实际融资金额，实际融资金额应在授 信额度内，以金融机构与公司实际发生的融资金额为准，具体融资金额将视公司 运营资金的实际需求来合理确定。 本次申请融资授信额度的决议有效期为一年，自董事会审议通过之日起计 算。授信期限内，授信额度可循环使用。为便于公司向银行机构办理银行授信的 申请事宜，董事会授权公司董事长在本议案规定的范围内负责具体组织实施，包 括但不限于：指派专人与银行沟通、准备资料、签署授信协 ...

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： 一、董事会会议召开情况 广东原尚物流股份有限公司（以下简称"公司"）第六届董事会第三次会议于 2025 年 10 月 27 日上午 10:00 在广州经济技术开发区东区东众路 25 号公司办公 楼三楼会议室以现场方式召开，会议通知于 2025 年 10 月 23 日以邮件方式送达 各位董事。本次会议应到董事 5 人，实到董事 5 人，公司部分高级管理人员列席 本次会议。会议的召开和表决程序符合《中华人民共和国公司法》和《公司章程》 等有关规定，会议决议合法、有效。 证券代码：603813 证券简称：*ST 原尚 公告编号：2025-079 广东原尚物流股份有限公司 第六届董事会第三次会议决议公告 二、董事会会议审议情况 （一）审议通过了《关于 2025 年第三季度报告的议案》 表决结果：5 票同意，0 票反对，0 票弃权，0 票回避。 本议案已经公司第六届董事会审计委员会第一次会议审议通过。 （二）审议通过了《关于公司申请银行综合授信额度的议案》 表决结果： ...

Financial Performance - The company's operating revenue for the third quarter was 146,568,720 yuan, representing an increase of 87% compared to the same period last year[5]. - The net loss attributable to shareholders for the third quarter was 14,685,300 yuan, compared to a loss of 11,175,220 yuan in the same period last year[5]. - Operating revenue for the current reporting period increased by 87.82%, primarily due to the expansion of new business[11]. - Operating revenue from the beginning of the year to the reporting period increased by 38.57%[11]. - Total operating revenue for the first three quarters of 2025 reached CNY 335,227,196, a significant increase of 38.5% compared to CNY 241,918,837 in the same period of 2024[27]. - The net loss for the first three quarters of 2025 was CNY 48,183,645, compared to a net loss of CNY 28,264,304 in the same period of 2024, representing an increase in loss of 70.6%[28]. - The company's total assets increased to CNY 1,354,051,551.37 from CNY 1,340,085,929.65, reflecting a growth of 1.0%[23]. - Total liabilities rose to CNY 813,544,731.34, an increase of 8.9% from CNY 746,916,909.37 in the previous year[23]. - The company's cash flow from operating activities for the first three quarters of 2025 was CNY 285,336,137.39, down from CNY 307,730,429.14 in the same period of 2024[31]. - The basic earnings per share for the third quarter was -0.13 yuan, compared to -0.11 yuan in the same period last year[6]. - The company reported a basic and diluted earnings per share of CNY -0.39 for the first three quarters of 2025, compared to CNY -0.27 in the same period of 2024[29]. Assets and Liabilities - The total assets at the end of the reporting period were 1,354,051,551.37 yuan, reflecting a 1.04% increase from the previous year-end[6]. - The net assets attributable to shareholders decreased by 7.68% to 545,481,714.47 yuan compared to the previous year-end[6]. - As of September 30, 2025, the total current assets amounted to RMB 280,321,693.32, an increase from RMB 265,936,683.18 at the end of 2024, reflecting a growth of approximately 5.2%[21]. - Non-current assets totaled RMB 1,073,729,858.05 as of September 30, 2025, slightly down from RMB 1,074,149,246.47 at the end of 2024[22]. - The total equity attributable to shareholders of the parent company decreased to CNY 545,481,714.47 from CNY 590,889,924.69, a decline of 7.7%[24]. Cash Flow and Investments - The cash flow from operating activities for the year-to-date was 21,380,043 yuan, a significant decrease compared to the previous year[5]. - The company experienced a cash flow net amount of -77.64 million, attributed to adjustments in revenue structure and slower collection of receivables[12]. - Net cash flow from operating activities was $21,380,043.30, a decrease of 77.7% compared to $95,604,229.98 in the previous period[32]. - Total cash inflow from investment activities was $36,830,616.47, down from $80,915,530.21, reflecting a significant decline[32]. - Cash outflow for investment activities totaled $76,861,219.62, compared to $81,349,907.63 in the prior period, indicating a slight decrease[32]. - Cash received from investment recoveries was $30,000,000.00, significantly lower than $80,000,000.00 previously[32]. - Cash paid for the purchase of fixed assets and intangible assets was $66,061,219.62, a substantial increase from $11,349,907.63[32]. - Cash paid for dividends and interest was $1,275,142.98, down from $26,368,455.57, indicating a reduction in cash outflow for these activities[33]. - The ending cash and cash equivalents balance was $40,423,922.22, down from $103,783,968.03 at the end of the previous period[33]. - The net increase in cash and cash equivalents for the period was $17,147,532.32, compared to $46,590,102.92 in the previous period[33]. Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 3,011[14]. - The largest shareholder, Yuanshang Investment Holdings Co., Ltd., holds 39.48% of the shares[14]. - The second-largest shareholder, Guangzhou Junhui Enterprise Management Partnership, holds 14.35% of the shares[14]. - The company completed a share buyback of 783,400 shares, which constitutes 0.75% of the total share capital[15]. Corporate Developments - The company has undergone a merger with Wuhan and Chuan You Parts System Manufacturing Co., which required retrospective adjustments to previous financial data[7]. - The company established a wholly-owned subsidiary in Hong Kong, completing the registration on June 17, 2025, and received the overseas investment certificate on July 14, 2025[17]. - The board of directors was re-elected on August 22, 2025, marking the completion of the board restructuring process[18]. - The company sold 51.0204% of its stake in Guangdong Yuanshang Hengchen Agricultural Development Co., Ltd. for a consideration of zero, as the assessed value of the equity was negative[19]. Operational Focus - The company is focusing on expanding its market presence and enhancing its product offerings through new technology development[5]. - The company is currently in the process of enhancing its logistics infrastructure, which has increased expenses but is expected to support long-term growth[11]. - The company is focusing on optimizing its revenue structure to mitigate the impact of market fluctuations on profitability[11]. - Total profit for the current reporting period was impacted by adjustments in the traditional automotive parts logistics business, but non-automotive logistics showed strong growth potential[11]. - The company has not identified any non-recurring gains or losses that are significant outside of those listed in the regulatory guidelines[11]. Financial Reporting - The financial report has not been audited, indicating that the figures are preliminary and subject to change[3]. - The company plans to implement new accounting standards starting in 2025, which may affect future financial reporting[34].

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。 广东原尚物流股份有限公司（以下简称"公司"）于 2025 年 7 月 11 日分别召 开第五届董事会第三十二次会议及第五届监事会第二十四次会议审议通过了《关 于取消监事会并修订〈公司章程〉及部分治理制度的议案》。2025 年 7 月 31 日， 公司召开 2025 年第二次临时股东大会，审议通过了上述议案。2025 年 8 月 6 日， 公司召开第五届董事会第三十三次会议，审议通过了《关于选举公司第六届董事 会非独立董事的议案》《关于选举公司第六届董事会独立董事的议案》。2025 年 8 月 22 日，公司召开 2025 年第三次临时股东会审议通过了以上议案，并通过第四 届第二次职工代表大会选举产生了职工代表董事。具体内容详见公司于 2025 年 7 月 12 日、2025 年 8 月 1 日、2025 年 8 月 7 日及 2025 年 8 月 23 日刊登在上海 证券交易所（www.sse.com.cn）的相关公告。 2025 年 8 月 22 日，公司召开第六届董事会 ...