Core Viewpoint - The 2025 Steel Supply Chain Collaborative Conference held in Shanghai aims to foster a new ecosystem for industry collaboration, focusing on high-quality development through innovation and strategic partnerships [1][2]. Group 1: Industry Development and Challenges - The steel industry faces challenges such as insufficient service innovation and weak industry chain collaboration, necessitating stable operation and continuous optimization [2]. - The industry is encouraged to enhance collaboration, promote green and low-carbon transformation, and improve intelligent manufacturing levels for sustainable development [2][3]. Group 2: Company Initiatives and Achievements - The company, 欧冶云商, has developed a comprehensive supply chain service system, linking supply and demand while providing services such as steel sales, processing, and price risk management [2][3]. - In the first ten months of 2025, the company served over 14,000 users and sold more than 24 million tons of steel [2]. Group 3: Technological and Environmental Standards - The conference introduced the "2025 Product Category Rules (PCR)" and released 100 Environmental Product Declarations (EPD), marking a significant step in green standardization and digital collaboration in the steel industry [3][4]. - The newly developed PCR standards provide a unified technical specification for assessing the environmental footprint of containers, slag powder, and bearings, guiding low-carbon practices in the industry [4]. Group 4: Strategic Partnerships - The company signed cooperation agreements with six key partners in the steel industry chain, promoting a transparent and healthy steel ecosystem [4].

Core Insights - The steel supply chain is facing challenges such as insufficient service innovation and weak industry chain collaboration, necessitating a push for stable operation and continuous optimization in response to macroeconomic changes and structural adjustments [1] - The company is enhancing its service capabilities by linking supply and demand, providing comprehensive services including steel sales, processing, and price risk management, while promoting digital innovation and green transformation within the supply chain [1] - The launch of the "2025 Product Category Rules (PCR)" and the release of 100 Environmental Product Declarations (EPD) reports signify a significant step towards green standardization and digital collaboration in carbon reduction within the steel industry [2] Group 1 - The steel industry is urged to strengthen collaboration across the industry chain, promote green and low-carbon transformation, and enhance intelligent manufacturing levels for sustainable development [1] - The company served over 14,000 users and sold more than 24 million tons of steel from January to October 2025, indicating robust market engagement [1] - The company is actively participating in international carbon emission accounting and cooperation, advocating for industry players to align with trends and collaborate [1] Group 2 - The steel industry's EPD platform has published a total of 300 EPD reports, marking a critical advancement in the industry's efforts towards green practices and digital collaboration [2]

Core Points - Yongtaiyun announced a cash dividend distribution plan for the first three quarters of 2025, proposing a distribution of 3 yuan (including tax) for every 10 shares held by shareholders [2] - The total cash dividend to be distributed amounts to no more than 29,793,223.50 yuan (including tax) [2] - The record date for the dividend distribution is set for November 25, 2025, with the ex-dividend date on November 26, 2025 [2] Summary by Category - **Dividend Distribution Plan** - Yongtaiyun will distribute a cash dividend of 3 yuan per 10 shares to all shareholders [2] - The distribution is based on a total share capital of 103,864,609 shares, minus 4,553,864 shares held in the repurchase account, resulting in a base of 99,310,745 shares [2] - **Financial Details** - The total cash dividend payout will not exceed 29,793,223.50 yuan (including tax) [2] - No bonus shares will be issued, and there will be no capital reserve conversion to increase share capital [2] - **Key Dates** - The record date for shareholders to be eligible for the dividend is November 25, 2025 [2] - The ex-dividend date, when the stock will trade without the value of the dividend, is November 26, 2025 [2]

特别提示： 1、永泰运化工物流股份有限公司（以下简称"本公司"或"公司"）2025年前 三季度权益分派方案为：以公司已发行总股本103,864,609股扣除回购专户持有的 4,553,864股后的股本99,310,745股为基数，向全体股东每10股派发现金红利3元（含 税），合计派发现金红利不超过29,793,223.50元（含税），本次利润分配不送红股， 不以资本公积转增股本。如本次利润分配方案披露之日起至实施权益分派股权登记 日期间，因回购股份、股权激励行权、再融资新增股份等致使公司总股本发生变动 的，公司将按照分配比例不变的原则，以分红派息股权登记日股本总数为基数（回 购账户股份不参与分配），对现金分配总额进行相应调整。 2、本次利润分配不送红股，不进行资本公积金转增股本。公司除权前总股本为 103,864,609股，除权后总股本为103,864,609股，除权前后总股本不变。 证券代码：001228 证券简称：永泰运 公告编号：2025-090 永泰运化工物流股份有限公司 2025年前三季度权益分派实施公告 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 ...

Core Insights - The logistics sector experienced a decline of 0.3% on November 19, with Longzhou Co. leading the drop [1] - The Shanghai Composite Index closed at 3946.74, up 0.18%, while the Shenzhen Component Index closed at 13080.09, unchanged [1] Stock Performance - ST Xuefa (002485) saw a significant increase of 4.94%, closing at 5.10 with a trading volume of 54,200 shares and a turnover of 27.61 million yuan [1] - Longzhou Co. (002682) led the decline with a drop of 9.95%, closing at 7.06 with a trading volume of 2.24 million shares and a turnover of 1.648 billion yuan [2] - Other notable performers included Huapei (300350) with a 4.70% increase and Dongfang Jiasheng (002889) with a 4.07% increase [1] Capital Flow - The logistics sector saw a net outflow of 252 million yuan from institutional investors, while retail investors contributed a net inflow of 194 million yuan [2] - The table of capital flow indicates that Dongfang Jiasheng (002889) had a net inflow of 44.26 million yuan from institutional investors, while it faced a net outflow of 22.33 million yuan from retail investors [3]

Core Viewpoint - Yongtai Logistics Co., Ltd. is expanding its business scope to include automobile sales and new energy vehicle sales, which requires approval from the shareholders' meeting [2][4][5]. Business Scope Changes - The company plans to add "automobile sales; new energy vehicle sales" to its business scope, pending approval from relevant authorities [2][4]. - The previous business scope included domestic and international freight forwarding, customs declaration, and various logistics services [3][4]. Corporate Governance - The company will revise its articles of association to reflect the changes in business scope and seek authorization from the shareholders' meeting for necessary registrations [5][6]. - The third board meeting on November 18, 2025, approved these changes, which will be submitted for further shareholder approval [2][5]. Shareholder Meeting Details - The eighth extraordinary shareholders' meeting is scheduled for December 5, 2025, to discuss the proposed changes [8][10]. - The meeting will include both on-site and online voting options for shareholders [11][12]. Daily Related Transactions - The company has approved an increase in the expected daily related transaction limit for 2025, which includes transactions with associated companies [29][32]. - The total expected daily related transactions for 2025 are projected to be no more than 78.5 million yuan, with specific increases for transactions with certain associated companies [30][32]. Foreign Exchange Derivatives - The company plans to engage in foreign exchange derivatives hedging to mitigate risks associated with currency fluctuations, with a limit of up to 80 million USD [48][49]. - The hedging activities will be funded from the company's own resources, ensuring no impact on operational funds [51][60].

Core Viewpoint - Yongtaiyun Chemical Logistics Co., Ltd. is actively engaging in various corporate governance activities, including extending the validity period for stock issuance and increasing daily related transaction limits, while also planning to conduct foreign exchange derivative hedging to mitigate currency risk [1][3][4]. Trading Information Summary - As of November 18, 2025, Yongtaiyun's stock closed at 28.39 yuan, down 2.2%, with a turnover rate of 3.73% and a trading volume of 29,800 shares, amounting to a transaction value of 84.6648 million yuan [1]. - On the same day, the net outflow of main funds was 8.6666 million yuan, accounting for 10.24% of the total transaction value, while retail investors saw a net inflow of 7.9125 million yuan, representing 9.35% of the total [1]. Company Announcements Summary - The third meeting of the third board of directors was held on November 18, 2025, where several resolutions were passed, including increasing the estimated amount for daily related transactions for 2025, conducting foreign exchange derivative hedging, extending the validity period for stock issuance, and changing the company's business scope [1][2][3]. - The company plans to extend the validity period for the 2024 stock issuance resolution from December 23, 2024, to December 22, 2026, with other terms remaining unchanged [1][3]. - The company intends to change its business scope to include "automobile sales; complete sales of new energy vehicles," pending approval from the registration authority [2][3]. Related Transactions and Financial Strategies - The estimated amount for daily related transactions with associated parties has been increased by 2 million yuan and 5 million yuan, respectively, for two companies, bringing the total expected amount to 4 million yuan and 11 million yuan [3][4]. - To mitigate foreign exchange risks due to overseas business expansion, the company plans to conduct foreign exchange derivative hedging with a limit of up to 80 million USD, using its own funds [4][5]. - The hedging activities will include forward foreign exchange contracts, foreign exchange options, and will be managed by the finance department, with strict internal controls and risk management measures in place [4][5].

Core Viewpoint - Yongtaiyun announced the approval of a proposal to conduct foreign exchange derivative hedging business with a limit of up to 80 million USD using its own funds [1] Summary by Sections Business Proposal - The company and its subsidiaries plan to engage in foreign exchange derivative hedging with a maximum limit of 80 million USD or equivalent currency [1] - The expected margin and premium for the transactions will not exceed 10 million RMB or equivalent foreign currency [1] Transaction Details - The transaction period will last for 12 months from the date of shareholder meeting approval [1] - The approved limit can be used in a rolling manner within the approval period, with each transaction's maturity date aligned with the company's expected receipt/payment dates, generally not exceeding 12 months [1] - At any point during the period, the total amount held (including profits from previous transactions) will not exceed 80 million USD or equivalent currency [1] Approval Process - The proposal is subject to review and approval at the company's eighth extraordinary general meeting in 2025 [1]

Group 1 - The core point of the news is that Yongtaiyun (SZ 001228) announced the convening of its third board meeting on November 18, 2025, to discuss extending the authorization for the board to handle the issuance of stocks to specific targets for the year 2024 [1] - The company reported that its revenue composition for the first half of 2025 is entirely from the commercial services sector, accounting for 100.0% [1] - As of the time of reporting, Yongtaiyun has a market capitalization of 2.9 billion yuan [2]

永泰运化工物流股份有限公司 外汇衍生品套期保值业务管理制度 第一章 总 则 第一条 为规范永泰运化工物流股份有限公司（以下简称"公司"）及子公 司外汇衍生品套期保值业务，加强对外汇衍生品套期保值业务的管理，维护公司 资产安全，根据《中华人民共和国公司法》《中华人民共和国证券法》《中华人 民共和国期货和衍生品法》《深圳证券交易所上市公司自律监管指引第 7 号—— 交易与关联交易》等法律、法规、规范性文件及《公司章程》的有关规定，结合 公司实际经营情况，特制定本制度。 第二条 本制度所称外汇衍生品套期保值业务，是指根据公司国际业务的外 币收付情况，以各种货币作为基础资产，在金融机构办理的规避和防范汇率或利 率风险的外汇衍生品套期保值业务，主要包括远期结售汇、外汇掉期、外汇期权、 利率掉期、利率期权、货币掉期等业务或业务的组合以及其他外汇衍生产品等。 第三条 公司控股子公司（含全资子公司，下同）开展外汇衍生品套期保值 业务适用本制度。未经公司同意，公司控股子公司不得开展该类业务。 第九条 董事会和股东会是公司外汇衍生品套期保值业务的决策和审批机构， 在董事会或股东会批准的范围内，相关部门可进行外汇衍生品套期保值业务 ...