2025年8月6日，公司披露了《关于回购股份集中竞价减持的公告》，公司拟以集中竞价方式减持已回购 股份不超过1,666,911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;公司股票异常波动期间，公司存在减持回购账户股票的情形，该减持与此前披露的减持计 划一致。 炬申股份（001202）(001202.SZ)发布公告，公司股票于2025年9月10日、2025年9月11日、2025年9月12 日连续三个交易日收盘价格涨幅偏离值累计超过20%，根据《深圳证券交易所交易规则》的有关规定， 属于股票交易异常波动的情况。 ...

炬申股份9月14日公告，公司股票于2025年9月10日､2025年9月11日､2025年9月12日连续三个交易日收盘 价格涨幅偏离值累计超过20%，根据《深圳证券交易所交易规则》的有关规定，属于股票交易异常波动 情形。经核实，公司股票异常波动期间，公司存在减持回购账户股票的情形，该减持与此前披露的减持 计划一致。 ...

人民财讯9月14日电，炬申股份（001202）9月14日晚间发布股票交易异常波动公告称，公司股票于2025 年9月10日、2025年9月11日、2025年9月12日连续三个交易日收盘价格涨幅偏离值累计超过20%。2025 年8月6日，公司披露了《关于回购股份集中竞价减持的公告》，公司拟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%)，减持期间为自减持计划公告之日起15个交易日之后三个 月内；公司股票异常波动期间，公司存在减持回购账户股票的情形，该减持与此前披露的减持计划一 致。 ...

证券代码：001202 证券简称：炬申股份 公告编号：2025-082 炬申物流集团股份有限公司 股票交易异常波动公告 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。 5、经核实，公司控股股东、实际控制人及一致行动人在本公司股票交易异常波 动期间未买卖本公司股票。 6、2025年8月6日，公司披露了《关于回购股份集中竞价减持的公告》，公司拟 以集中竞价方式减持已回购股份不超过1,666,911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；公司股票异常波动 期间，公司存在减持回购账户股票的情形，该减持与此前披露的减持计划一致。 三、是否存在应披露而未披露信息的说明 炬申物流集团股份有限公司（证券简称：炬申股份，证券代码：001202，以下 简称"公司""本公司"）股票于2025年9月10日、2025年9月11日、2025年9月12日 连续三个交易日收盘价格涨幅偏离值累计超过20%，根据《深圳证券交易所交易规则》 的有关规定，属于股票交易异常波动的情况。 二、公司关注并核实情况说明 针对公司股票交易异常波动，公司对有关 ...

每经AI快讯，9月14日，炬申股份（001202）(001202.SZ)发布异动公告，2025年8月6日，公司披露了 《关于回购股份集中竞价减持的公告》，公司拟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；公司股票异 常波动期间，公司存在减持回购账户股票的情形，该减持与此前披露的减持计划一致。 ...

Core Viewpoint - Jushen Logistics Group Co., Ltd. plans to issue convertible bonds to unspecified objects, with the underwriting and sponsorship provided by Guolian Minsheng Securities [1][2]. Group 1: Company Overview - Jushen Logistics Group was established on November 10, 2011, and is listed on the Shenzhen Stock Exchange under the stock code 001202 since April 29, 2021 [1][2]. - The company has a registered capital of 166.69 million yuan and is headquartered in Foshan, Guangdong Province [1][2]. Group 2: Main Business Operations - The company operates primarily in the modern logistics industry, focusing on bulk commodity logistics and warehousing [2][3]. - Jushen Logistics offers multimodal transport services, integrating road, rail, and waterway resources to provide efficient logistics solutions [2][3]. - The company has developed a network freight platform to enhance transportation efficiency and reduce costs for clients [3]. - Jushen Logistics also provides self-operated transportation services, leveraging its industry experience to expand operations in Guinea, a major source of bauxite for China [3][4]. Group 3: Financial Data and Indicators - As of June 30, 2025, the total assets of the company amounted to 1.641 billion yuan, with total liabilities of 839.96 million yuan and owner's equity of 801.06 million yuan [6]. - The company's revenue for the first half of 2025 was 661.80 million yuan, with a net profit of 62.19 million yuan [7]. - The company reported a decrease in net profit by 8.83% in the first half of 2025 compared to the previous year, attributed to losses from its Guinea operations [7][8]. Group 4: Future Projects and Expectations - The funds raised from the convertible bond issuance will be used for the Jushen Guinea transshipment project, working capital, and repaying bank loans [10][11]. - The Guinea transshipment project is expected to generate an average annual revenue of 308.98 million yuan and a net profit of 93.88 million yuan once fully operational [10][11]. - The project has already secured contracts with major companies, covering 45.37% of the projected business volume for the first year [10][11].

Group 1 - The core point of the news is that Jushen Logistics Group Co., Ltd. is issuing convertible bonds to unspecified objects, with Guolian Minsheng Securities as the lead underwriter [1][2][3] - The underwriting team includes representatives Liu Yuting and Huang Ying, both with a strong track record in various projects [2] - The company was established on November 10, 2011, and is listed on the Shenzhen Stock Exchange under the stock code 001202 [3][5] Group 2 - As of June 30, 2025, Jushen Logistics has a registered capital of 166.69 million RMB and a total share capital of 166,691,110 shares [5][9] - The major shareholders include Wuhu Yuanyou Private Fund Management Co., Ltd. and others, holding a combined 73.34% of the shares [5][6] - The controlling shareholder and actual controller is Lei Qi, who holds 39.89% of the total shares [5][6] Group 3 - The company operates primarily in the modern logistics industry, focusing on bulk commodity logistics and warehousing [6][7] - Jushen Logistics provides multi-modal transport services, integrating various transportation resources to meet customer needs efficiently [6][8] - The warehousing services cover a wide range of bulk commodities, including aluminum, copper, and industrial silicon, among others [7][8] Group 4 - The financial data for the company shows a total revenue of 66.18 million RMB for the first half of 2025, with a net profit of 4.08 million RMB [9][12] - The company’s total assets as of June 30, 2025, amount to 164.10 million RMB, with total liabilities of 83.99 million RMB [10][11] - Key financial ratios include a current ratio of 1.27 and a debt-to-asset ratio of 51.19% [14]

Core Viewpoint - Jushen Logistics Group Co., Ltd. is planning to issue convertible bonds to raise a total of no more than 380 million yuan, with 266 million yuan allocated for the Guinea transshipment project and 114 million yuan for working capital and bank loan repayment [4][16]. Group 1: Project Details - The Guinea transshipment project involves the acquisition of barges, tugboats, and oil barges, which will be leased to SOCIETE JUSHEN GUINEE-SARLU for operations in Guinea, focusing on the transshipment of bauxite and other goods [4][16]. - The project is expected to generate an annual revenue of approximately 308.98 million yuan once fully operational, with a projected average gross profit margin of 39.13% [4][16]. - The company has not yet commenced transshipment operations and has faced losses in its Guinea land transportation services [4][16]. Group 2: Financial Implications - The total investment for the Guinea transshipment project is estimated at 349.01 million yuan, with 274.97 million yuan allocated for new fixed assets [11][16]. - The implementation of the project will increase the company's fixed asset scale, leading to additional depreciation expenses that may impact short-term profits [11][12]. - The projected depreciation from the new investments is expected to be manageable as the project begins to generate anticipated benefits [11][12]. Group 3: Regulatory and Compliance Aspects - The issuance of the convertible bonds is in compliance with relevant laws, including the Company Law and Securities Law, and is supported by a legal opinion from Beijing Jiayuan Law Firm [2][3]. - The company has conducted thorough feasibility studies and has prepared necessary approvals and documentation for the project [14][15]. - The company is required to obtain a navigation permit for the vessels, which is expected to be processed smoothly upon the arrival of the ships in Guinea [15][14]. Group 4: Market and Operational Risks - The project faces potential risks related to market demand, industry policies, and exchange rate fluctuations, which could affect the expected returns [17][18]. - The company has acknowledged the need for effective management of these risks to ensure the project's success and profitability [17][18]. - The operational environment in Guinea presents unique challenges, including political and economic differences compared to domestic operations [17][18].

Summary of Key Points Core Viewpoint The company is undergoing a review process regarding its application for issuing convertible bonds, highlighting discrepancies between revenue growth and profit decline, as well as the status of previous fundraising projects and their expected benefits. Group 1: Revenue and Profit Analysis - In Q1 2025, the company's net profit and cash flow from operating activities turned negative, with net profit at -3.01 million and cash flow at -36.73 million, despite a revenue increase of 22.74% to 259.60 million [1][2] - The transportation business generated revenues of 970.05 million, 808.29 million, 755.12 million, and 192.72 million over the reporting periods, while warehousing revenues were 107.38 million, 98.57 million, 102.45 million, and 105.82 million [1][2] - The company's asset-liability ratio stood at 49.63% at the end of the reporting period [1] Group 2: Previous Fundraising Projects - Previous fundraising of 433 million was adjusted, with 25.98% of the funds repurposed, and some projects not reaching expected benefits, such as the Yushen East Land Port and Qinzhou Port Logistics Park projects [4][5] - The Yushen East Land Port project achieved operational status in June 2023 but did not meet expected returns, with total investments of 146 million and 573.33 million for the Qinzhou project, yielding only 397,100 and 707,810 in returns respectively [4][5] - The company has made adjustments to project funding based on cost management and project optimization, which were deemed reasonable and followed proper disclosure procedures [6][7] Group 3: Current Fundraising Plans - The company plans to raise up to 380 million, with 266 million allocated for the Guinea transshipment project and 114 million for working capital and debt repayment [20][21] - The Guinea project involves the procurement of vessels for transporting bauxite and is expected to generate annual revenues of 308.98 million, with a gross margin of 39.13% [20][21] - The company has not yet commenced transshipment operations and has faced losses in its Guinea land transport services, raising concerns about the project's viability [20][21]

Core Viewpoint - Jushen Logistics Group Co., Ltd plans to issue convertible bonds to raise up to RMB 380 million to support its business operations and investment projects, with a focus on its Guinea operations and logistics expansion [1][2][3]. Summary by Sections Convertible Bond Issuance - The company is issuing convertible bonds to unspecified investors, with a total fundraising amount not exceeding RMB 38 million [1]. - The bonds will have a credit rating of AA- and will not be secured by any collateral [1][2]. Financial Performance and Profit Distribution - The company has a profit distribution policy prioritizing cash dividends, with a commitment to maintain stability and continuity in profit distribution [1][3]. - 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 increased to RMB 3 per 10 shares, totaling RMB 37.89 million [6]. Recent Financial Data - The company reported a net profit of RMB 108.48 million, with a year-on-year growth of 3.18% [8]. - However, the Guinea operations reported a loss of RMB 8.78 million in the first half of 2025, contributing to an overall decline in net profit by 8.83% compared to the previous year [8]. Investment Projects - The funds raised will be used for the Guinea transshipment project, working capital, and repaying bank loans [10]. - The Guinea project is expected to generate an annual revenue of RMB 308.98 million and a net profit of RMB 93.88 million once fully operational [10]. Risks and Challenges - The company faces risks related to its Guinea operations, including high fixed costs and potential market competition [9][11]. - There are concerns regarding the ability to achieve projected revenues and profits from the Guinea project due to external factors such as political and economic conditions [12][13]. Governance and Compliance - The company has established a governance structure to ensure compliance with laws and regulations, including a commitment to protect shareholder interests, particularly for minority shareholders [18][19].