Core Viewpoint - Jushen Logistics Group Co., Ltd. plans to issue convertible bonds to unspecified objects, aiming to enhance its financial structure and support its business expansion in the logistics sector, particularly in bulk commodity logistics and warehousing [1][2]. Company Overview - Jushen Logistics Group was established on November 10, 2011, and is listed on the Shenzhen Stock Exchange under the stock code 001202. The company has a registered capital of 166.69 million yuan [1][2]. - The company focuses on modern logistics, specializing in bulk commodity logistics and warehousing services [2][4]. Main Business Operations - The company operates in three main areas: 1. **Multimodal Transport**: Jushen provides comprehensive logistics services, integrating road, rail, and water transport to offer efficient and reliable solutions [2][3]. 2. **Agency Transport**: The company has developed the Jushen Smart Transport Network platform to optimize transport efficiency through technology [3]. 3. **Self-operated Transport**: Jushen utilizes its own transport equipment to deliver goods, particularly in the aluminum and bauxite sectors, with a focus on expanding operations in Guinea [3][4]. Financial Data and Indicators - As of March 31, 2025, the total assets of the company amounted to 1.51 billion yuan, with total liabilities of 750.70 million yuan and owner’s equity of 761.93 million yuan [6]. - The company reported a revenue of 259.60 million yuan for the first quarter of 2025, with a net profit attributable to the parent company of 7.84 million yuan [7]. Market Position and Strategy - Jushen has established a strong presence in key regions such as South China, East China, and Central China, with strategic locations near transportation hubs to enhance logistics efficiency [5]. - The company has long-term partnerships with major commodity exchanges, which supports its warehousing services and enhances its market competitiveness [5]. Investment Projects - The funds raised from the convertible bond issuance will be allocated to the Jushen Guinea transport project, working capital, and repayment of bank loans. The Guinea project is expected to generate an average annual revenue of 308.98 million yuan and a profit of 93.13 million yuan once fully operational [10][19]. Risks and Challenges - The company faces various risks, including potential declines in performance due to economic fluctuations, increased competition, and operational challenges in Guinea [8][13][14]. - The logistics industry is experiencing intensified competition, which may impact Jushen's market share and profitability [14].

Core Viewpoint - Jushen Logistics Group Co., Ltd. is issuing convertible bonds to unspecified investors, with the underwriting and sponsorship provided by Guolian Minsheng Securities Co., Ltd. The issuance aims to enhance the company's capital structure and support its logistics and warehousing operations. Group 1: Issuer Information - The issuer, Jushen Logistics Group Co., Ltd., was established on November 10, 2011, and is listed on the Shenzhen Stock Exchange under the stock code 001202 since April 29, 2021 [3][5]. - The registered capital of the company is 166.69 million RMB [5]. - The company focuses on modern logistics, specializing in bulk commodity logistics and warehousing services [6][7]. Group 2: Business Operations - Jushen Logistics provides multi-modal transportation services, integrating road, rail, and waterway logistics to meet customer demands efficiently [6]. - The company has developed a proprietary logistics platform, Jushen Smart Transport, to enhance transportation efficiency and reduce costs for both shippers and carriers [6]. - The warehousing services cover a wide range of bulk commodities, including aluminum ingots, copper, and industrial silicon, among others [7][8]. Group 3: Financial Data - As of March 31, 2025, the total assets of Jushen Logistics amounted to 15.13 billion RMB, with total liabilities of 7.51 billion RMB [10][11]. - The company reported total revenue of 25.96 million RMB for the first quarter of 2025, with total costs amounting to 25.38 million RMB [12]. - The net profit for the first quarter of 2025 was recorded at -0.30 million RMB, indicating a loss compared to previous years [12][13].

Core Viewpoint - Jushen Logistics Group Co., Ltd. plans to issue convertible bonds totaling no more than 380 million yuan to unspecified investors, with the legal opinion confirming compliance with relevant laws and regulations [1][3][9]. Group 1: Legal Framework and Compliance - The issuance is governed by the Company Law, Securities Law, Registration Management Measures, and Convertible Bond Management Measures, ensuring all legal requirements are met [4][5][10]. - The legal opinion confirms that the issuance has been authorized and approved by the necessary corporate governance bodies, including the shareholders' meeting [9][10]. Group 2: Financial Viability - The average distributable profit for the last three fiscal years was 56.67 million yuan, sufficient to cover one year of bond interest payments [11][12]. - The company's net cash flow from operating activities for the years 2022, 2023, and 2024 was 151.29 million yuan, 152.29 million yuan, and 173.63 million yuan respectively, indicating a stable financial position [11][12]. Group 3: Independence and Corporate Structure - The company operates independently from its controlling shareholders and actual controllers, with a complete business system and the ability to manage operations autonomously [10][11]. - There are no significant legal disputes or restrictions on the company's assets as of March 31, 2025, ensuring a clear ownership structure [19][20]. Group 4: Use of Proceeds - The funds raised will be used for expanding logistics services, supplementing working capital, and repaying bank loans, aligning with the company's core business activities [13][14]. - The issuance will not be used for financial investments or activities that could harm the company's operational independence [13][14]. Group 5: Risk Management and Legal Assurance - The legal opinion confirms that there are no major pending litigations or administrative penalties that could materially affect the bond issuance [18][19]. - The company has taken necessary measures to protect the interests of non-related shareholders and avoid conflicts of interest [10][11].

Group 1 - The company, Jushen Logistics Group Co., Ltd., has received acceptance from the Shenzhen Stock Exchange for its application to issue convertible bonds to unspecified objects [1] - The application documents submitted by the company were deemed complete by the Shenzhen Stock Exchange, which has decided to accept the application [1] - The issuance of convertible bonds is subject to further review by the Shenzhen Stock Exchange and requires approval from the China Securities Regulatory Commission before implementation [1] Group 2 - The company acknowledges that there is uncertainty regarding whether the application will pass the review and receive approval from the regulatory authority [1] - The company commits to timely information disclosure in accordance with relevant laws and regulations as the situation progresses [1]

Core Viewpoint - Jushen Logistics Group Co., Ltd plans to issue convertible bonds to raise up to RMB 380 million to support its business expansion and improve financial structure [1][17]. Summary by Sections Issuance Details - The company is issuing convertible bonds to unspecified investors, with a total amount not exceeding RMB 38 million [1]. - The bonds will have a credit rating of AA- and will be monitored annually by a credit rating agency [1][18]. Financial Performance and Profit Distribution - The company has a profit distribution policy prioritizing cash dividends, with a minimum cash dividend ratio of 20% to 80% depending on the financial situation [1][4]. - In 2022, the company distributed a cash dividend of RMB 1.55 per 10 shares, totaling RMB 19.96 million [5]. - In 2023, the cash dividend was increased to RMB 3 per 10 shares, totaling RMB 37.89 million [6]. Recent Financial Data - The company's net profit for the recent years was reported as follows: 2022 - RMB 199.64 million, 2023 - RMB 378.91 million [7][8]. - The cash dividend payout ratio was 60.93% in 2023, indicating a strong commitment to returning value to shareholders [8]. Business Expansion and Investment Projects - The funds raised will be used for the Jushen Guinea transshipment project, working capital, and repaying bank loans [10][17]. - The Guinea project is expected to generate an average annual revenue of RMB 308.98 million and an average annual profit of RMB 93.13 million once fully operational [10]. Risks and Challenges - The company faces risks related to operational management, market competition, and potential economic downturns that could impact profitability [9][13]. - The expansion into Guinea may present challenges due to local conditions and the need for effective management to match the scale of operations [9][11]. Corporate Governance and Shareholder Engagement - The company emphasizes communication with shareholders, especially minority shareholders, regarding profit distribution and corporate governance [3][4]. - The board of directors is responsible for ensuring compliance with profit distribution policies and engaging with shareholders for feedback [3][4].

Group 1 - Yabont Chemical signed a 10-year supply strategic agreement with Jiangsu Hengrui Medicine to enhance collaboration in the pharmaceutical supply chain, effective from August 1, 2025 [1] - Wei Hua New Materials plans to acquire controlling interest in Jiangsu Heyutai Chemical to extend its product chain and improve competitiveness, currently in the planning stage [2] - Fujirey received a government subsidy of 2.0074 million yuan, expected to positively impact profits in 2025 [4] Group 2 - Hangzhou Garden won the land use rights for a plot in Yuhang District for 130 million yuan, planning to build a smart ecological design R&D headquarters with a total investment of no more than 450 million yuan [5] - Baotai's clinical trial for BAT5906, a recombinant anti-VEGF monoclonal antibody, received approval for new indications, aiming to accelerate commercialization [6] - Weisheng Information won multiple projects with a total bid amount of 110 million yuan, including significant contracts with Southern Power Grid and State Grid [8] Group 3 - Dong'an Power reported a 27.37% year-on-year increase in engine sales for July, totaling 34,500 units [13] - Hanma Technology's truck sales reached 956 units in July, marking a 42.69% year-on-year increase [14] - Jiangsu Bank's executives received regulatory approval for their positions, effective immediately [15] Group 4 - Chip Origin expects Q2 revenue of 584 million yuan, a 49.90% increase quarter-on-quarter, with significant growth in intellectual property licensing fees [24] - Dream Network Technology plans to establish a high-end equipment industry investment fund with a target fundraising of 2 billion yuan [26] - Hefei Urban Construction and China Real Estate Development won land use rights for a residential plot in Hefei for 980 million yuan [28] Group 5 - Lu Kang Pharmaceutical's subsidiary received a drug registration certificate for a new medication for erectile dysfunction [28] - Lifan Pharmaceutical's Mesalazine enteric-coated tablets received a drug registration certificate for treating ulcerative colitis [29] - Yahu Pharmaceutical's APL-1401 clinical trial for ulcerative colitis showed positive preliminary results [30]

格隆汇8月1日丨炬申股份(001202.SZ)公布，公司于2025年7月31日收到深圳证券交易所(以下简称"深交 所")出具的《关于受理炬申物流集团股份有限公司向不特定对象发行可转换公司债券申请文件的通知》 (深证上审〔2025〕145号)。深交所对公司报送的向不特定对象发行可转换公司债券的申请文件进行了 核对，认为申请文件齐备，决定予以受理。 ...

Core Viewpoint - The company, Jushen Co., Ltd. (001202.SZ), has received acceptance from the Shenzhen Stock Exchange for its application to issue convertible bonds to unspecified investors, indicating a step towards raising capital through this financial instrument [1] Group 1 - The company announced that it received a notification from the Shenzhen Stock Exchange on July 31, 2025, regarding the acceptance of its application for issuing convertible bonds [1] - The Shenzhen Stock Exchange has verified that the application documents submitted by the company are complete and has decided to accept the application [1]

炬申股份（001202）(001202.SZ)发布公告，公司于2025年7月31日收到深圳证券交易所(简称"深交所") 出具的《关于受理炬申物流集团股份有限公司向不特定对象发行可转换公司债券申请文件的通知》(深 证上审〔2025〕145号)。深交所对公司报送的向不特定对象发行可转换公司债券的申请文件进行了核 对，认为申请文件齐备，决定予以受理。 ...

证券代码：001202 证券简称：炬申股份 公告编号：2025-070 炬申物流集团股份有限公司 关于向不特定对象发行可转换公司债券申请 获得深圳证券交易所受理的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 公司本次向不特定对象发行可转换公司债券事项尚需深交所审核，并获得中国证券 监督管理委员会（以下简称"证监会"）作出同意注册的批复后方可实施。 公司本次向不特定对象发行可转换公司债券的事项最终能否通过深交所审核并获得 证监会作出同意注册的批复及其时间尚存在不确定性。公司将根据该事项的进展情况， 按照相关法律法规规定和要求及时履行信息披露义务，敬请广大投资者注意投资风险。 特此公告。 炬申物流集团股份有限公司董事会 2025年8月1日 - 1 - 炬申物流集团股份有限公司（以下简称"公司"）于2025年7月31日收到深圳证券交 易所（以下简称"深交所"）出具的《关于受理炬申物流集团股份有限公司向不特定对 象发行可转换公司债券申请文件的通知》（深证上审〔2025〕145号）。深交所对公司报 送的向不特定对象发行可转换公司债券的申请文件进行了核对，认为申请 ...