Core Viewpoint - Yongtaiyun reported a decrease in the number of shareholders and a significant increase in stock price, indicating a positive market response to the company's financial performance [2] Shareholder Information - As of November 10, the number of shareholders for Yongtaiyun was 12,697, a decrease of 743 from the previous period (October 31), representing a decline of 5.53% [2] Stock Performance - The closing price of Yongtaiyun was 28.78 yuan, up 1.84%, with a cumulative increase of 6.08% since the concentration of shares began, showing 6 days of price increases and 2 days of declines [2] Financial Performance - For the first three quarters, Yongtaiyun achieved operating revenue of 3.990 billion yuan, a year-on-year increase of 33.76% - The net profit for the same period was 95.513 million yuan, reflecting a year-on-year growth of 5.55% - The basic earnings per share were 0.9300 yuan, with a weighted average return on equity of 5.63% [2]

Core Viewpoint - Yongtaiyun announced on November 5 that as of October 31, 2025, the total number of shareholders is 13,440 [2] Summary by Category - **Company Information** - Yongtaiyun has a total of 13,440 shareholders as of October 31, 2025 [2] - **Investor Communication** - The company responded to investor inquiries on an interactive platform regarding shareholder numbers [2]

Core Insights - The current e-commerce landscape in Shanghai is characterized by a dominant player, Pinduoduo, alongside several strong competitors and a multitude of smaller players, creating a diverse market ecosystem [2][7]. Group 1: Shanghai's E-commerce Growth - Shanghai's e-commerce sector is experiencing explosive growth, with total e-commerce transactions exceeding 3.27 trillion yuan (approximately 0.5 trillion USD) in the first nine months of 2025, marking a year-on-year increase of 12.7% [2]. - The live-streaming retail sales in Shanghai reached 369 billion yuan (approximately 56 billion USD), reflecting a significant year-on-year growth of 23.6% [2]. - Factors contributing to this growth include Shanghai's status as a fashion consumption hub, a robust manufacturing base, a concentration of quality brands, and supportive government policies [2]. Group 2: E-commerce Structure - The e-commerce structure in Shanghai can be summarized as "one super, many strong, and a long tail of diversity," with Pinduoduo as the leading player, followed by strong competitors like Xiaohongshu and Dewu, and a large number of small e-commerce entities [2][7]. - Pinduoduo reported a revenue growth rate of 7% for Q2 2025, with quarterly revenue reaching 104 billion yuan (approximately 15.5 billion USD) [7]. - The presence of numerous small e-commerce businesses enriches the market ecosystem, allowing for specialization in niche markets and regional services [7]. Group 3: Government Support and Policy Initiatives - The Shanghai government has implemented a three-year action plan aimed at fostering high-growth enterprises, targeting the establishment of over 1,000 such companies by 2027 [5]. - The plan includes nurturing 400 potential gazelle companies, 300 gazelle companies, 200 potential unicorns, and 100 unicorns, with a goal of creating at least two unicorns valued over 10 billion USD [5]. - Additional measures to optimize the business environment include enhancing financing accessibility for small and medium enterprises through initiatives like "park instant loans" and supply chain finance [5]. Group 4: Live-streaming E-commerce Development - Shanghai has emerged as a core hub for live-streaming e-commerce, with transaction volumes surpassing 850 billion yuan (approximately 127 billion USD) in Q1 2025, representing a 32% year-on-year increase [15]. - The city accounted for 18.7% of the national total in live-streaming e-commerce, benefiting from its high-end consumption, brand concentration, and digital infrastructure [15]. - Notably, Douyin's local life business segment achieved a GMV of over 120 billion yuan (approximately 18 billion USD) in 2024, showcasing the digital transformation of offline industries [16]. Group 5: Cross-border E-commerce Development - Shanghai's cross-border e-commerce has expanded significantly since the early 2010s, supported by national initiatives like the "Belt and Road" and "Internet Plus" strategies [18]. - The city was one of the first to establish a cross-border e-commerce comprehensive pilot zone in 2016, which has accelerated its growth [18]. - The Shanghai government aims to cultivate 100 cross-border e-commerce brands and establish 10 live-streaming bases by 2025, targeting an annual growth rate of over 20% in cross-border e-commerce import and export volumes [19].

Market Overview - The logistics sector experienced a decline of 0.21% on October 30, with Furan De leading the drop [1] - The Shanghai Composite Index closed at 3986.9, down 0.73%, while the Shenzhen Component Index closed at 13532.13, down 1.16% [1] Stock Performance - Notable gainers in the logistics sector included: - Pulutong (002769) with a closing price of 10.04, up 9.97% and a trading volume of 274,600 shares [1] - China Foreign Trade (601598) closed at 6.68, up 7.40% with a trading volume of 779,900 shares [1] - Yongtaiyun (001228) closed at 27.88, up 3.18% with a trading volume of 74,700 shares [1] - Major decliners included: - Furan De (605050) closed at 14.34, down 6.76% with a trading volume of 276,000 shares [2] - Longzhou Co. (002682) closed at 4.81, down 4.56% with a trading volume of 775,200 shares [2] - Guanghui Logistics (600603) closed at 7.86, down 3.91% with a trading volume of 263,900 shares [2] Capital Flow - The logistics sector saw a net outflow of 18.6 million yuan from institutional investors, while retail investors experienced a net outflow of 17.6 million yuan [2] - Conversely, speculative funds recorded a net inflow of 36.2 million yuan [2] Individual Stock Capital Flow - China Foreign Trade (601598) had a net inflow of 93.62 million yuan from institutional investors, while retail investors saw a net outflow of 80.52 million yuan [3] - Pulutong (002769) experienced a net inflow of 86.91 million yuan from institutional investors, with retail investors facing a net outflow of 54.94 million yuan [3] - Yongtaiyun (001228) had a net inflow of 14.84 million yuan from institutional investors, while retail investors saw a net outflow of 22.66 million yuan [3]

证券代码：001228 证券简称：永泰运 公告编号：2025-081 永泰运化工物流股份有限公司 关于续聘 2025 年度会计师事务所的公告 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。 特别提示： 本次续聘会计师事务所符合财政部、国务院国资委、证监会印发的《国有企业、 上市公司选聘会计师事务所管理办法》（财会〔2023〕4 号）的规定。 一、拟续聘会计师事务所的基本情况 （一）机构信息 1、基本信息 事务所名称：天职国际会计师事务所（特殊普通合伙）（以下简称"天职国际"） 成立日期：1988 年 12 月 注册地址：北京市海淀区车公庄西路 19 号 68 号楼 A-1 和 A-5 区域 组织形式：特殊普通合伙企业 3、诚信记录 天职国际近三年因执业行为受到刑事处罚 0 次、行政处罚 1 次、监督管理措施 9 次、自律监管措施 8 次和纪律处分 3 次。从业人员近三年因执业行为受到行政处 罚 2 次、监督管理措施 10 次、自律监管措施 4 次和纪律处分 4 次，涉及人员 37 名， 不存在因执业行为受到刑事处罚的情形。 | | 1、人员信息 | | | | ...

证券代码：001228 证券简称：永泰运 公告编号：2025-082 永泰运化工物流股份有限公司 关于召开 2025 年第七次临时股东会的通知 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。 一、召开会议的基本情况 1、股东会届次：2025 年第七次临时股东会 2、股东会的召集人：董事会 3、本次会议的召集、召开符合《中华人民共和国公司法》《深圳证券交易 所股票上市规则》《深圳证券交易所上市公司自律监管指引第 1 号——主板上市 公司规范运作》等法律、行政法规、部门规章、规范性文件及《公司章程》的有 关规定。 4、会议时间： （1）现场会议时间：2025 年 11 月 14 日（星期五）13:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 11 月 14 日 9:15-9:25，9:30-11:30，13:00-15:00；通过深圳证券交易所互 联网投票系统投票的具体时间为 2025 年 11 月 14 日 9:15 至 15:00 的任意时间。 （3）公司聘请的律师； （4）根据相关法律法规应当出席股东会的其他人员。 ...

第三届董事会第二次会议决议公告 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。 一、董事会会议召开情况 证券代码：001228 证券简称：永泰运 公告编号：2025-078 永泰运化工物流股份有限公司 永泰运化工物流股份有限公司（以下简称"公司"）第三届董事会第二次会议 于 2025 年 10 月 27 日在公司六楼会议室以现场结合通讯的方式召开，董事桂方 晓先生、吴晋先生、陈吕军先生、王勇先生以通讯表决方式参加了会议。会议通 知以专人送达、电子通讯相结合的方式已于 2025 年 10 月 21 日向各位董事发出， 本次会议应出席董事 8 名，实际出席董事 8 名。本次会议由董事长陈永夫先生召 集和主持，公司高级管理人员列席了会议。本次会议的召集、召开符合《中华 人民共和国公司法》（以下简称"《公司法》"）等有关法律、法规及《公 司章程》的规定。 二、董事会会议审议情况 经与会董事审议，形成了如下决议： 1、审议通过了《关于<2025 年第三季度报告>的议案》 2025 年第三季度报告的编制和审议程序符合相关法律法规的规定，报告内 容真实、准确、完整地反映了公 ...

证券代码：001228 证券简称：永泰运 公告编号：2025-080 永泰运化工物流股份有限公司 一、审议程序 （一）董事会审计委员会审议情况 公司于 2025 年 10 月 21 日召开第三届董事会审计委员会第二次会议，审议通过 了《关于 2025 年前三季度利润分配方案的议案》，审计委员会认为：公司利润分配 方案符合公司实际情况和发展战略，不存在损害中小股东利益的情形，且该方案符 合有关法律法规、规范性文件和《公司章程》的有关规定。 （二）董事会审议情况 公司于 2025 年 10 月 27 日召开第三届董事会第二次会议，全票审议通过了《关 于 2025 年前三季度利润分配方案的议案》，该方案尚需提交公司 2025 年第七次临 时股东会审议。 二、利润分配的基本情况 （一）本次利润分配方案的基本内容 关于 2025 年前三季度利润分配方案的公告 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。 永泰运化工物流股份有限公司（以下简称"公司"）于 2025 年 10 月 27 日召开 第三届董事会第二次会议，审议通过了《关于 2025 年前三季度利润分配方案的议 ...

Group 1 - Company Yongtaiyun reported Q3 2023 revenue of approximately 3.99 billion yuan, a year-on-year increase of 33.76% [1] - The net profit attributable to shareholders was approximately 95.51 million yuan, reflecting a year-on-year increase of 5.55% [1] - Basic earnings per share reached 0.93 yuan, marking a year-on-year increase of 6.9% [1] Group 2 - As of the report, Yongtaiyun's market capitalization stands at 2.7 billion yuan [2]

Financial Performance - The company's revenue for Q3 2025 reached ¥1,750,406,158.65, representing a 54.35% increase year-over-year[5] - Net profit attributable to shareholders was ¥41,488,658.21, up 44.69% compared to the same period last year[5] - The net profit after deducting non-recurring gains and losses was ¥31,293,281.63, reflecting a 70.02% increase year-over-year[5] - Total operating revenue for the period reached CNY 3,990,328,980.69, an increase of 33.7% compared to CNY 2,983,121,544.95 in the previous period[19] - The net profit for the current period is 108,301,288.42, an increase of 11.5% compared to 96,749,044.73 in the previous period[21] - The total profit for the current period is 153,296,050.07, up from 132,757,020.38, reflecting a growth of 15.4%[21] - The operating profit increased to 154,598,820.37 from 131,977,621.35, representing a rise of 17.0%[21] - Basic earnings per share for the period were ¥0.40, an increase of 42.86% compared to the same period last year[5] - The basic and diluted earnings per share are both 0.93, compared to 0.87 in the previous period, indicating a growth of 6.9%[21] Assets and Liabilities - Total assets at the end of the reporting period amounted to ¥4,561,328,619.29, a 19.19% increase from the end of the previous year[5] - The total assets of the company reached CNY 4,561,328,619.29, up from CNY 3,826,905,955.70, marking an increase of 19.2%[18] - The total liabilities rose to CNY 2,718,064,940.72, compared to CNY 2,008,869,772.12, reflecting a growth of 35.3%[17] - The equity attributable to shareholders increased to CNY 1,710,027,008.64 from CNY 1,691,499,440.43, a slight increase of 1.9%[18] Cash Flow - Cash flow from operating activities showed a net outflow of ¥157,809,072.36, a significant decline of 81.78% year-to-date[5] - Cash flow from operating activities shows a net outflow of -157,809,072.36, an improvement from -866,181,181.40 in the previous period[22] - Cash flow from investing activities resulted in a net outflow of -110,760,501.07, compared to -49,625,562.99 previously, indicating increased investment activity[23] - Cash flow from financing activities generated a net inflow of 546,189,720.86, slightly down from 548,838,619.58 in the previous period[23] - Cash and cash equivalents increased to CNY 1,056,748,101.74 from CNY 793,897,222.38, reflecting a growth of 33.2%[16] - The cash and cash equivalents at the end of the period stand at 975,172,337.40, up from 373,867,251.69, showing a significant increase[23] Inventory and Borrowings - The company experienced a 130.04% increase in inventory, reaching ¥587,885,124.98, primarily due to growth in the used car export business[9] - Inventory levels rose significantly to CNY 587,885,124.98, compared to CNY 255,555,180.71, indicating a growth of 130%[16] - Short-term borrowings increased by 69.10% to ¥1,530,371,142.32, driven by the growth in the used car export business[9] - Short-term borrowings surged to CNY 1,530,371,142.32, an increase of 69.2% from CNY 904,985,673.25[17] Shareholder Information - The total number of common shareholders at the end of the reporting period is 9,742[11] - The largest shareholder, Chen Yongfu, holds 30.81% of the shares, amounting to 32,000,000 shares[12] - The second-largest shareholder, Ningbo Yongtai Qintang Investment Partnership, holds 6.31% of the shares, totaling 6,550,000 shares[12] - The combined control of Chen Yongfu and his spouse over the company is 37.12%[12] - Zhejiang Caitong Capital Investment holds 2.75% of the shares, while Hangzhou Caitong Youchuang Investment holds 2.24%[12] - The company has a repurchase account holding 4,553,864 shares, representing 4.38% of total shares[13] Corporate Actions - The company plans to issue stocks to specific targets, with the proposal disclosed on December 5, 2024[13] - The company is currently undergoing a review process for the stock issuance application by the Shenzhen Stock Exchange[14] - The outcome of the stock issuance application remains uncertain and will be disclosed in a timely manner[15] - The company completed the election of the new board of directors and appointed senior management on October 16, 2025[15]