Core Viewpoint - The 2025 China (Zhengzhou) International Futures Forum emphasizes the importance of establishing a robust internal control and risk management system for enterprises engaging in futures and derivatives trading [2] Group 1: Risk Management Framework - Enterprises should centralize the operation and management of futures and derivatives trading at the headquarters level, ensuring separation of key roles such as trading decision-making, order placement, risk control, compliance supervision, and market research [2] - A supervisory system for operational risks and a power balance mechanism should be established specifically for hedging activities, ensuring standardized operations in decision-making, authorization, and trading processes [2] - Enhancing the subjective initiative of operators at all levels is crucial for improving the enterprise's risk resistance in the futures market [2] Group 2: Trading Motivation and Behavior - The understanding of risk management influences trading motivation, which in turn determines trading behavior; poor trading motivation can amplify trading risks [2] - Enterprises must adhere to the original intention of risk hedging, focusing on the physical commodity market and avoiding speculative practices [2] - Accepting imperfect hedging and optimizing the hedging effect through refined management of basis is essential for effective risk management [2]

证券代码：000906 证券简称：浙商中拓 公告编号：2025-54 公司董事会对许永斌先生在任期间的勤勉工作及对公司发展所 做出的贡献表示衷心的感谢！ 公司董事会将按照相关法律法规要求，尽快完成独立董事及相 关董事会专门委员会职务的补选工作。 1 浙商中拓集团股份有限公司 关于公司独立董事任期届满辞职的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 浙商中拓集团股份有限公司（以下简称"公司"）董事会于近 日收到公司独立董事许永斌先生的书面辞职报告。根据《上市公司 独立董事管理办法》规定，独立董事连续任职不得超过六年，许永 斌先生自2019年8月20日起担任公司独立董事，现申请自2025年8月 19日起辞去公司第八届董事会独立董事职务，同时一并辞去董事会 审计委员会主任委员、提名委员会委员、薪酬与考核委员会委员职 务，辞职后不再担任公司及控股子公司任何职务。截至本公告披露 日，许永斌先生未持有公司股份，不存在未履行完毕的公开承诺。 根据《公司法》《上市公司独立董事管理办法》和《公司章程》 等相关规定，许永斌先生的辞职将导致公司独立董事人数少于董事 会成员 ...

Market Performance - The ERP concept index declined by 3.00%, ranking among the top declines in the concept sector as of the market close on August 8 [1] - Within the ERP sector, major decliners included Dingjie Zhizhi, Saiyi Information, and Yonyou Network, while only five stocks saw price increases, with Jingda Co., Changrong Co., and Jian Design leading the gains at 0.78%, 0.50%, and 0.48% respectively [1] Capital Flow - The ERP concept sector experienced a net outflow of 2.465 billion yuan, with 25 stocks facing net outflows, and six stocks seeing outflows exceeding 100 million yuan [2] - The stock with the highest net outflow was Hand Information, with a net outflow of 479 million yuan, followed by Dingjie Zhizhi, Yonyou Network, and Runhe Software with net outflows of 471 million yuan, 343 million yuan, and 338 million yuan respectively [2][3] - Conversely, the stocks with the highest net inflows included Jingda Co., Yingtang Zhikong, and Aerospace Information, with net inflows of 38.63 million yuan, 16.47 million yuan, and 5.59 million yuan respectively [2][3]

Core Insights - The report highlights that in 2024, the total salary for A-share listed company secretaries reached 4.086 billion yuan, with an average annual salary of 754,300 yuan [1] - A total of 1,144 company secretaries earned over 1 million yuan, accounting for more than 21% of the total [1] - The transportation industry had 299 listed companies, with a total secretary salary of 93.75 million yuan, an average salary of approximately 837,000 yuan, and a median salary of about 720,000 yuan [1] Salary Increases - The top ten companies with the highest salary increases for secretaries include Shanghai Port Group, COSCO Shipping Development, and Jianfa Co., with increases ranging from 20,000 to 840,000 yuan [2] - The highest salary increase was recorded at Shanghai Port Group, with a new salary of 2.759 million yuan, reflecting an increase of 840,000 yuan [2] - Zhejiang Zhongtuo's secretary, Lei Bangjing, received a salary increase of 613,000 yuan, ranking fourth in the industry despite the company's significant performance decline [4] Company Performance - Zhejiang Zhongtuo experienced a revenue decline of 0.57% year-on-year and a net profit drop of 45.99% in 2024, with a significant loss in net profit after deducting non-recurring items [4] - The company faced multiple regulatory penalties due to various compliance issues, including inadequate auditing of prepayment amounts and credit impairment provisions [4]

关于发行 2025 年度第三期中期票据的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 证券代码：000906 证券简称：浙商中拓 公告编号：2025-53 浙商中拓集团股份有限公司 近日，公司完成 2025 年度第三期中期票据的发行，现将发 行结果公告如下： | | 发行要素 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 浙商中拓集团股份有 | | | | | | | | 名称 | 限公司 | 2025 | 年度第三 | 简称 | 25 | 中拓 | MTN003 | | | 期中期票据 | | | | | | | | 债券代码 | 102583046 | | | 期限 | | 3 年 | | 1 特此公告。 浙商中拓集团股份有限公司董事会 2025 年 7 月 26 日 浙商中拓集团股份有限公司（以下简称"公司"）于 2024 年 8 月 21 日、2024 年 9 月 9 日分别召开的第八届董事会第六 次会议、2024 年第五次临时股东大会审议通过了《关于公司 ...

Group 1 - The "anti-involution" policy is becoming a new focus in the market, with expectations for a three-stage development: policy anticipation, price increases, and demand expansion [2] - The photovoltaic industry is expected to see a supply-demand turning point due to capacity clearance, particularly in the polysilicon and photovoltaic glass segments, with companies like Tongwei Co., Ltd., LONGi Green Energy, Daqo New Energy, and GCL-Poly Energy being highlighted [3] - High-dividend coal companies and turnaround coking companies such as China Coal Energy and Yanzhou Coal Mining Company are noted for their potential [4] Group 2 - The stabilization and recovery of bulk commodity prices driven by the "anti-involution" trend will benefit the profitability of bulk supply chain companies like Xiamen Xiangyu, Xiamen International Trade, and Zheshang Zhongtuo [5]

增持时间过半的公告 公司控股股东浙江省交通投资集团有限公司保证向本公司提供 的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大 遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供 的信息一致。 证券代码：000906 证券简称：浙商中拓 公告编号：2025-52 浙商中拓集团股份有限公司 关于控股股东增持公司股份计划实施进展暨 特别提示： 1、浙商中拓集团股份有限公司（以下简称"公司"）控股 股东浙江省交通投资集团有限公司（以下简称"浙江交通集团"） 基于对公司长期投资价值的认可及未来发展前景的信心，计划自 2025 年 4 月 9 日起 6 个月内，通过集中竞价、大宗交易等方式 增持公司股份，增持数量不低于公司总股本的 1%，不高于总股 本的 2%，拟增持价格不超过 10.08 元/股。 2、截至 2025 年 7 月 8 日，本次增持计划实施期限过半，浙 江交通集团自 2025 年 4 月 9 日至 2025 年 7 月 8 日通过深圳证券 交易所以集中竞价方式累计增持公司股份 722.9399 万股，占公 司当前总股本的 1.02%。 公司于 2025 年 7 月 8 日收到公司控股 ...

证券代码：000906 证券简称：浙商中拓 公告编号：2025-51 浙商中拓集团股份有限公司 关于部分股票期权注销完成的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 浙商中拓集团股份有限公司（以下简称"浙商中拓"或"公 司"）于2025年6月13日召开第八届董事会2025年第四次临时会 议和第八届监事会2025年第二次临时会议，审议通过了《关于股 票期权激励计划部分股票期权注销的议案》。 根据《上市公司股权激励管理办法》、公司《股票期权激励 计划（草案）》的相关规定，鉴于预留授予的9名激励对象2022 年个人考核结果未达良好以上（A），其所涉及的部分或全部股 票期权不得行权，其中有2名激励对象所涉及的不得行权部分股 票期权已由公司于2024年注销，公司本次拟对上述7名预留授予 激励对象的17.25万份股票期权进行注销；鉴于公司本次股票期 权激励计划预留授予的激励对象有2名离职，不再具备激励对象 资格，公司拟注销其已获授但尚未行权的股票期权合计9万份； 鉴于公司在2024年6月28日披露了《关于股票期权激励计划首次 授予第三个行权期行权情况公告》，现首 ...

Core Viewpoint - Zhejiang Zhongtuo has achieved significant improvements in its ESG ratings, reflecting its commitment to sustainable development and social responsibility, with ratings upgraded to AA and A from BBB by Huazheng and Wind respectively, marking the highest levels in the company's history [1] Group 1: Environmental Responsibility - The company actively practices the "green development" concept, focusing on supply chain integration services and deepening its involvement in the new energy and recycling resource sectors, becoming a leader in these industries [2] - In 2024, the company achieved an average monthly trade volume of over 6,000 tons of lithium carbonate, and its first BIPV project is expected to generate an annual power output of 370,000 kWh, reducing CO2 emissions by 332 tons annually [2] - The "Zhongtuo Guangying" household photovoltaic business has expanded to cover 500 counties across 20 provinces, serving over 60,000 farming households [2] Group 2: Social Responsibility - In 2024, the company handled a total physical volume of 110 million tons of bulk commodities, a 13% increase year-on-year, with significant volumes in steel, iron ore, and coal [4] - The company has expanded its international business, achieving revenue of 62.1 billion yuan from operations in 83 countries and regions [4] Group 3: Governance Practices - The company adheres to a governance philosophy of "sound, effective, and transparent," continuously optimizing its governance structure and enhancing information disclosure [6] - It has received the highest rating of "A" for information disclosure from the Shenzhen Stock Exchange for five consecutive years and has a long-term credit rating of AA+ [6] - In 2024, the company was awarded the "Model Collective of Zhejiang Province" and the "Gold Quality Corporate Governance Award," and was recognized as an "AAA Credit Enterprise" by the China Enterprise Confederation [6] Group 4: Future Outlook - With the global shift towards sustainable development, the company aims to deepen its ESG governance framework and fulfill its social responsibilities, striving to become a world-class organizer of industrial chains and supply chain managers [7]

近日，公司完成 2025 年度第二期中期票据的发行，现将发 行结果公告如下： | | 发行要素 | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | | | 浙商中拓集团股份有 | | | | | | | | 名称 | 限公司 | 2025 | 年度第二 | 简称 | 25 | 中拓 | MTN002 | | | 期中期票据 | | | | | | | | 债券代码 | 102582631 | | | 期限 | | 3 年 | | 1 证券代码：000906 证券简称：浙商中拓 公告编号：2025-50 浙商中拓集团股份有限公司 关于发行 2025 年度第二期中期票据的公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整， 没有虚假记载、误导性陈述或重大遗漏。 浙商中拓集团股份有限公司（以下简称"公司"）于 2024 年 8 月 21 日、2024 年 9 月 9 日分别召开的第八届董事会第六 次会议、2024 年第五次临时股东大会审议通过了《关于公司拟 注册发行中期票据的议案》，批准公司向中国银行间市场交易商 协会申请注册发 ...