Group 1 - The core viewpoint of the news is that Jushen Co., Ltd. (SZ 001202) is actively engaging with investors through a scheduled meeting on December 5, 2025, where the company’s board secretary will address investor inquiries [1] - As of the latest report, Jushen Co., Ltd. has a market capitalization of 2.6 billion yuan [3] - For the first half of 2025, Jushen Co., Ltd. reported that its revenue is entirely derived from the logistics and warehousing sector, accounting for 100% of its income [2]

Group 1: Company Strategy and Future Plans - The company aims to expand its logistics and warehousing services, focusing on international freight, futures delivery, and bonded warehousing, to become a leading global bulk commodity logistics service provider [3]. - The company is actively responding to the national "Belt and Road" initiative by expanding overseas operations and enhancing international competitiveness [3]. Group 2: Information Technology and Digitalization - The company plans to continuously improve and upgrade its existing business management platform, promoting information and digital construction to optimize business processes and enhance service efficiency [3]. Group 3: Financial Performance Metrics - In the first half of 2025, the gross profit margin for transportation services was approximately 5.26%, while the gross profit margin for comprehensive warehousing services was about 57.86% [3].

证券代码：001202 证券简称：炬申股份 公告编号：2025-100 炬申物流集团股份有限公司 关于担保的进展公告 三、被担保人基本情况 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。 特别提示：本次被担保对象最近一期资产负债率超过70%，敬请投资者关注风险！ 一、担保情况概述 炬申物流集团股份有限公司（以下简称"公司"或"本公司"）于2025年11月 17日召开2025年第三次临时股东会，审议通过了《关于调整2025年度对下属子公司 担保预计的议案》，新增为公司下属子公司SOCIETE JUSHEN GUINEE SARLU（以下简 称"炬申几内亚"），申请综合授信、借款、承兑汇票、固定资产贷款等融资相关 事项或开展其他日常经营业务等提供担保不超过人民币2亿元（或等值外币，下同）， 担保方式为连带责任保证等（最终以签订的相关担保文件为准）。具体内容详见公 司在《中国证券报》《证券时报》及巨潮资讯网（http://www.cninfo.com.cn）披 露的相关公告。 二、担保进展情况 近日，为满足炬申几内亚经营发展需要，公司为其出具了相关履约保函，本次 担 ...

证券日报网讯12月3日，炬申股份（001202）在互动平台回答投资者提问时表示，截至2025年11月28 日，公司股东户数为14129户。 ...

Market Overview - On December 1, the logistics sector rose by 0.23% compared to the previous trading day, with Zhongchuang Logistics leading the gains [1] - The Shanghai Composite Index closed at 3914.01, up 0.65%, while the Shenzhen Component Index closed at 13146.72, up 1.25% [1] Individual Stock Performance - Zhongchuang Logistics (603967) closed at 12.31, with a gain of 6.76% and a trading volume of 134,400 shares, amounting to a turnover of 165 million yuan [1] - Jushen Co. (001202) closed at 16.22, up 3.77%, with a trading volume of 50,600 shares [1] - Longzhou Co. (002682) closed at 5.76, gaining 3.41% with a trading volume of 1,042,800 shares [1] - Other notable performers include China Foreign Transport (601598) with a 2.40% increase and a closing price of 6.40, and Dongfang Jiasheng (002889) with a 2.04% increase and a closing price of 16.01 [1] Capital Flow Analysis - The logistics sector experienced a net outflow of 190 million yuan from institutional investors, while retail investors saw a net inflow of 31.87 million yuan [2] - The overall capital flow indicates a mixed sentiment, with institutional investors withdrawing funds while retail investors are entering the market [2] Detailed Capital Flow for Selected Stocks - Dongfang Jiasheng (002889) had a net inflow of 16.11 million yuan from institutional investors, but a net outflow of 11.45 million yuan from retail investors [3] - East Air Logistics (601156) saw a net inflow of 8.96 million yuan from institutional investors, while retail investors had a net outflow of 1.49 million yuan [3] - Other stocks like Jianfa Co. (600153) and Yuanda Holdings (000626) also showed varied capital flows, indicating differing investor sentiments across the sector [3]

Group 1: Investor Relations Activities - The company conducted an analyst meeting and a specific object survey on November 27, 2025 [2] - Participants included analysts from various securities firms and individual investors [2] - The analyst meeting was held online, while the specific object survey took place in the company meeting room [2] Group 2: Company Operations and Financials - The company is currently using some renewable energy transportation and handling equipment, including electric forklifts and electric traction vehicles [3] - The total amount intended to be raised from the convertible bond issuance is up to RMB 380 million, with RMB 266 million allocated for the "Guinea transshipment project" and RMB 114 million for "supplementing working capital and repaying bank loans" [3] - The company aims to enhance its intrinsic value through operational improvements and maintain good communication with investors to convey its investment value [3] Group 3: Financial Management and Risk Mitigation - The company's investment expenditures primarily focus on logistics and warehousing facility construction, including land acquisition and transportation equipment [3] - The purpose of foreign exchange hedging is to mitigate potential adverse impacts of exchange rate fluctuations on overall performance [3] - Currently, the company does not have plans for equity incentives, but will disclose any future plans in accordance with relevant laws and regulations [3]

Core Viewpoint - The company, Jushen Logistics, is focused on expanding its logistics services in the non-ferrous metal sector, with plans for international operations and significant investments in infrastructure to enhance its service capabilities [2][3]. Company Overview - Jushen Logistics Group Co., Ltd. is located in Nanhai District, Foshan City, Guangdong Province, and was established on November 10, 2011. It was listed on April 29, 2021. The company specializes in providing diversified logistics services, including logistics solution design, transportation, warehousing, futures delivery, and management services [7]. - The main revenue composition of the company includes transportation services (78.00%), comprehensive warehousing services (21.32%), and other services (0.68%) [7]. Business Expansion Plans - The company plans to establish one or more wholly-owned subsidiaries in Hong Kong through Hainan Jushen Information Technology Co., Ltd. to develop overseas transshipment projects in countries like Guinea and Indonesia, with an investment of up to RMB 250 million [2]. - Jushen Logistics has already established a business presence in regions such as Guangxi and Yunnan, leveraging the strategic location of the Qinzhou Port Logistics Park to enhance its industry influence and operational capabilities [3]. Financial Performance - For the period from January to September 2025, Jushen Logistics reported a revenue of RMB 1.303 billion, representing a year-on-year growth of 82.46%. However, the net profit attributable to the parent company was RMB 59.2443 million, showing a year-on-year decrease of 12.42% [8]. Market Position and Shareholder Information - As of November 20, the number of shareholders for Jushen Logistics was 14,100, a decrease of 0.21% from the previous period, with an average of 8,278 circulating shares per person, an increase of 0.21% [8]. - The company operates within the transportation and logistics sector, focusing on raw material supply chain services, and is associated with concepts such as the Belt and Road Initiative and the Guangdong-Hong Kong-Macao Greater Bay Area [8].

证券日报网讯炬申股份11月25日在互动平台回答投资者提问时表示，截至2025年11月20日，公司股东人 数为14111名。 （文章来源：证券日报） ...

Group 1: Company Overview - The company is an independent third-party logistics and warehousing service provider, not engaged in non-ferrous metal trading [2] - Main business operations include logistics comprehensive services and warehousing comprehensive services [2] Group 2: Green Development Initiatives - The company actively procures electric forklifts, electric tractors, and electric front lifts to replace traditional fuel-powered equipment [3] - Utilizes clean energy sources, such as solar power, to reduce carbon emissions and enhance sustainability [3] Group 3: Clientele and Market Focus - The company focuses on bulk commodity logistics and warehousing, serving large smelting plants and traders [3] - Notable clients include Tianshan Aluminum, Henan Shenhuo, and Glencore [3] Group 4: Domestic Layout - The company’s subsidiaries are strategically located near major production and consumption areas for bulk commodities [3] - Subsidiaries are distributed across South China, East China, Central China, and Northwest regions, close to transportation hubs for efficient logistics [3]

Core Points - The logistics sector experienced a decline of 1.32% on November 18, with Jushen Co. leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Summary by Category Stock Performance - Longzhou Co. (002682) saw a significant increase of 9.96%, closing at 7.84, with a trading volume of 1.2486 million shares and a turnover of 979 million [1] - Jiacheng International (603535) rose by 5.70%, closing at 11.68, with a trading volume of 310,400 shares and a turnover of 366 million [1] - Jushen Co. (001202) led the decline with a drop of 6.22%, closing at 16.14, with a trading volume of 130,400 shares and a turnover of 210 million [2] - Shentong Express (002468) fell by 5.87%, closing at 14.28, with a trading volume of 443,200 shares and a turnover of 634 million [2] Capital Flow - The logistics sector experienced a net outflow of 612 million from institutional investors, while retail investors saw a net inflow of 550 million [2][3] - Jiacheng International had a net inflow of 54.67 million from institutional investors, but a net outflow of 10.73 million from speculative funds [3] - Longzhou Co. had a net inflow of 46.14 million from institutional investors, with a net outflow of 63.63 million from speculative funds [3]