Core Viewpoint - The company has approved a plan to reduce its repurchased shares through centralized bidding, allowing for the sale of up to 1,666,911 shares, which is 1% of the total share capital, within three months after the announcement of the reduction plan [1][2]. Summary by Sections 1. Share Repurchase Overview - The company approved a share repurchase plan on February 7, 2024, with a total amount between RMB 30 million and RMB 50 million, at a maximum price of RMB 15.00 per share, to be completed within three months [1][2]. - The total amount spent on repurchased shares reached RMB 30,480,216.62, exceeding the lower limit of the repurchase plan [2]. 2. Details of the Reduction Plan - The company plans to sell up to 1% of its total shares, specifically the repurchased shares, and will adjust the sale plan based on any changes in share capital due to dividends or other corporate actions [2][3]. 3. Expected Changes in Shareholding Structure - The shareholding structure will remain unchanged post-reduction, with the total number of shares remaining at 166,691,110 [3][4]. 4. Financial Impact of the Reduction - Funds from the sale of repurchased shares will be used to supplement the company's working capital, enhancing capital efficiency and sustaining operational capabilities [4]. - The difference between the selling price and the repurchase price will affect the company's capital reserve but will not impact current profits or future development significantly [4]. 5. Trading Activity of Key Personnel - There have been no share trading activities by directors, senior management, or major shareholders in the six months prior to the board's decision on the reduction plan, except for changes due to the 2024 profit distribution [4].

智通财经APP讯，炬申股份(001202.SZ)公告，公司董事会审议通过了《关于回购股份集中竞价减持的议 案》，同意公司以集中竞价方式减持已回购股份不超过166.69万股(即不超过公司总股本的1%)，减持期 间为自本减持计划公告之日起15个交易日之后三个月内。 ...

炬申股份（001202）(001202.SZ)公告，公司董事会审议通过了《关于回购股份集中竞价减持的议 案》，同意公司以集中竞价方式减持已回购股份不超过166.69万股(即不超过公司总股本的1%)，减持期 间为自本减持计划公告之日起15个交易日之后三个月内。 ...

Group 1 - The company, Jushen Co., Ltd. (SZ 001202), announced on August 5 that its fourth board meeting was held on August 4, 2025, where it reviewed the proposal for share repurchase through centralized bidding [1] - For the fiscal year 2024, the company's revenue composition is entirely from the logistics and warehousing sector, accounting for 100.0% [1] - As of the report date, Jushen Co., Ltd. has a market capitalization of 2.3 billion yuan [1]

证券代码：001202 证券简称：炬申股份 公告编号：2025-071 公司于2024年2月7日召开第三届董事会第二十次会议，审议通过了《关于回购 公司股份的方案》（以下简称"回购方案"），同意公司使用自有资金以集中竞价 交易方式回购公司股份，本次回购总金额不低于人民币3,000万元(含本数)，不超过 人民币5,000万元（含本数），回购价格不超过15.00元/股（含本数），回购期限为 自公司董事会审议通过回购方案之日起不超过3个月，回购股份用途为维护公司价值 及股东权益所必需，本次回购的全部股份将在公司披露本次回购结果暨股份变动公 告十二个月后择机采用集中竞价交易方式减持。公司于2024年2月20日披露了《回购 报告书》（公告编号：2024-017）。 回购期间，公司通过股份回购专用证券账户以集中竞价方式累计回购股份 2,496,300股，占当时公司总股本的1.94%；回购股份的最高成交价为14.02元/股、 最低成交价为11.17元/股，成交总金额为人民币30,480,216.62元（不含交易费用）。 公司回购金额已超过回购方案中回购资金总额的下限，且不超过回购资金总额上限， 回购股份方案已实施完成。公司 ...

炬申股份(001202.SZ)公告称，公司于2025年8月4日召开第四届董事会第二次会议，审议通过《关于回 购股份集中竞价减持的议案》，同意公司以集中竞价方式减持已回购股份不超过1,666,911股（不超过公 司总股本的1%），减持期间为自公告之日起15个交易日后的三个月内。 ...

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]