Core Points - The report summarizes the continuous supervision and sponsorship of San Yang Ma (Chongqing) Logistics Co., Ltd. regarding its issuance of convertible bonds, which was approved by the China Securities Regulatory Commission (CSRC) [1][2] - The company issued 2.1 million convertible bonds with a total fundraising amount of RMB 210 million, with a maturity of 6 years and a face value of RMB 100 per bond [1][2] - The bonds are set to be listed on the Shenzhen Stock Exchange on November 17, 2023, with the continuous supervision period lasting until December 31, 2024 [1][2] Group 1: Sponsorship and Supervision - The sponsor, Shen Gang Securities, conducted thorough due diligence and prepared necessary documentation for the bond issuance, complying with relevant regulations [2][3] - During the continuous supervision phase, the sponsor ensured the issuer adhered to internal control systems to prevent resource misappropriation by major shareholders and related parties [2][3] - The issuer's management was urged to closely monitor operational performance and ensure timely information disclosure [3] Group 2: Financial Performance and Challenges - The issuer's net profit and net profit excluding non-recurring gains and losses are expected to decline significantly in 2024 compared to 2023, primarily due to increased financial expenses from bond interest and rising credit impairment losses [2][3] - The sponsor has been proactive in addressing the issuer's performance changes and ensuring compliance with disclosure obligations [3] Group 3: Compliance and Fund Management - The issuer has complied with legal and regulatory requirements during the continuous supervision period, maintaining good communication with the sponsor [3][4] - The management and use of raised funds have been verified to align with CSRC and Shenzhen Stock Exchange regulations, with no violations reported [4][5] - As of December 31, 2024, the remaining funds from the bond issuance will continue to be supervised by the sponsor [5]

其保荐的公司采取监管措施的事项及整改情况 （以下无正文） 委派保荐代表人潘杨阳先生、吴文成先 生负责三羊马首次公开发行股票及向 不特定对象发行可转换公司债券的持 续督导工作。三羊马已于 2024 年 1 月 荐代表人的公告》； 原保荐代表人吴文成先生因工作变动， 申港证券股份有限公司委派保荐代表 人潘杨阳先生、程聪先生负责三羊马首 次公开发行股票及向不特定对象发行 可转换公司债券的持续督导工作。三羊 马已于 2024 年 7 月 20 日公开披露了 《关于更换持续督导保荐代表人的公 告》 | 申港证券股份有限公司 | | | | --- | --- | --- | | 关于三羊马（重庆）物流股份有限公司 | | | | 保荐人名称：申港证券股份有限公司 | | 被保荐公司简称：三羊马 | | 保荐代表人姓名：潘杨阳 | | 联系电话：021-20639666 | | 保荐代表人姓名：程聪 | | 联系电话：021-20639666 | | 一、保荐工作概述 | | | | 项目 工作内容 | | | | （1）是否及时审阅公司信息披露文件 | | 是 | | （2）未及时审阅公司信息披露文件的次数 | | 0 ...

1 | 项目 | 工作内容 | | --- | --- | | 6、发表专项意见情况 | | | （1）发表专项意见次数 | 次 8 | | （2）发表非同意意见所涉问题及结论意见 | 不适用 | | 7、向本所报告情况（现场检查报告除外） | | | （1）向本所报告的次数 | 0 次 | | （2）报告事项的主要内容 | 不适用 | | （3）报告事项的进展或者整改情况 | 不适用 | | 8、关注职责的履行情况 | | | （1）是否存在需要关注的事项 | 否 | | （2）关注事项的主要内容 | 不适用 | | （3）关注事项的进展或者整改情况 | 不适用 | | 9、保荐业务工作底稿记录、保管是否合规 | 是 | | 10、对上市公司培训情况 | | | （1）培训次数 | 1 次 | | （2）培训日期 | 2025 年 2 月 27 日 | | （3）培训的主要内容 | 1、讲解上市公司规范运作相关的法律法 规，介绍最新的监管政策； | | | 2、结合市场监管处罚案例，就募集资金使 | | | 用与管理、信息披露、内幕信息管理等方 | | | 面违规处罚案例及所涉及相关法律法规进 行重点解析。 ...

申港证券股份有限公司 关于三羊马（重庆）物流股份有限公司 向不特定对象发行可转换公司债券 之持续督导保荐总结报告书 经中国证券监督管理委员会（以下简称"中国证监会"）出具的《关于同意 三羊马（重庆）物流股份有限公司向不特定对象发行可转换公司债券注册的批 复》（证监许可〔2023〕1981 号）同意注册，三羊马（重庆）物流股份有限公 司（以下简称"三羊马"、"发行人"或"公司"）于 2023 年 10 月 26 日向不特 定对象发行了 210.00 万张可转换公司债券，债券期限为 6 年，每张面值为人民 币 100 元，募集资金总额为人民币 21,000.00 万元。本次发行证券已于 2023 年 11 月 17 日在深圳证券交易所上市。 申港证券股份有限公司（以下简称"申港证券"或"保荐机构"）作为三羊 马本次证券发行的保荐机构，持续督导期间为三羊马可转换公司债券上市当年 剩余时间及其后一个完整会计年度。截至 2024 年 12 月 31 日，持续督导期间已 届满，申港证券根据《证券发行上市保荐业务管理办法》《深圳证券交易所股票 上市规则》等有关规定，出具本保荐总结报告书。 一、保荐机构及保荐代表人承诺 1、 ...

Group 1 - Major shareholders of *ST WanFang plan to reduce their holdings by up to 9,341,596 shares, accounting for 3% of the company's total share capital from May 27 to August 25, 2025 [1] - Shareholders of Airo Energy intend to reduce their holdings by up to 800,000 shares, 800,000 shares, and 1,600,000 shares, representing 0.50%, 0.50%, and 1% of the company's total share capital respectively during the same period [1] - Anner plans to reduce its holdings by up to 3,186,159 shares, which is 1.5% of the company's total share capital, from May 27 to August 26, 2025 [1] Group 2 - Shareholders of Chuhuan Technology plan to reduce their holdings by up to 2,395,605 shares, accounting for 3% of the total share capital excluding repurchased shares from May 27 to August 26, 2025 [1] - Major shareholder of Dalian Technology intends to reduce their holdings by up to 4,189,336 shares, which is 0.99% of the company's total share capital from May 27 to August 26, 2025 [2] - Dongwei Technology's board members plan to reduce their holdings by a total of 2,574,857 shares, representing 0.8629% of the company's total share capital during the same period [2] Group 3 - Gann Li Pharmaceutical's shareholder has completed a reduction of 6,010,622 shares, which is 1% of the company's total share capital from April 22 to April 30, 2025 [2] - Guanshi Technology's board members plan to reduce their holdings by up to 359,375 shares, accounting for 0.4891% of the company's total share capital from May 27 to August 26, 2025 [2] - Guoguang Electric's shareholder has completed a reduction of 1,625,751 shares, which is 1.5% of the company's total share capital from April 25 to April 30, 2025 [2] Group 4 - Haili Biological's major shareholder has completed a reduction of 13,113,244 shares, representing 2% of the company's total share capital from April 15 to April 22, 2025 [3] - Hengfeng Information's board member has completed a reduction of 198,717 shares, which is 0.1207% of the company's total share capital on April 28, 2025 [3] - Hongwei Technology's shareholder plans to reduce their holdings by up to 820,000 shares, accounting for 0.39% of the company's total share capital from May 12 to August 11, 2025 [3] Group 5 - Huatai Medical's vice president has completed a reduction of 29,943 shares, which is 0.0308% of the company's total share capital from April 28 to April 29, 2025 [4] - Jilin Carbon Valley's major shareholder has completed a reduction of 4,989,160 shares, representing 0.8490% of the company's total share capital from April 25 to April 29, 2025 [4] - Jiahua Technology's shareholder plans to reduce their holdings by up to 1,160,000 shares, accounting for 1.50% of the company's total share capital from May 28 to August 25, 2025 [4] Group 6 - Jiangbo Long's shareholder plans to reduce their holdings by up to 4,159,815 shares, which is 1% of the company's total share capital from May 27 to August 26, 2025 [5] - Jiangshan Co. plans to reduce its holdings in Jiangtian Chemical by 4,330,800 shares, accounting for 3% of its total share capital from May 27 to August 26, 2025 [5] - Kairun Co.'s major shareholder plans to reduce their holdings by up to 9,000,000 shares, representing 2.43% of the total share capital excluding repurchased shares from May 27 to August 26, 2025 [5] Group 7 - Lianqi Technology's shareholders plan to reduce their holdings by a total of 18,717,374 shares, which is 2.96% of the total share capital excluding repurchased shares from May 27 to August 26, 2025 [9] - Zhongke Information's board members have completed a reduction of 698,914 shares, representing 0.2358% of the company's total share capital [9] - Zhongshi Co.'s major shareholder plans to reduce their holdings by up to 1,800,000 shares, accounting for 1.1527% of the company's total share capital from May 27 to August 26, 2025 [10]

关于举行2024年度网上业绩说明会的公告 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。 三羊马（重庆）物流股份有限公司（以下简称"公司"）定于2025年5月14日（星期三）15:00-17:00在全 景网举办2024年度网上业绩说明会，本次年度业绩说明会将采用网络远程的方式举行，投资者可登陆全 景网"投资者关系互动平台"（https://ir.p5w.net）参与本次年度网上业绩说明会。 出席本次网上业绩说明会的人员有：公司董事长邱红阳先生，独立董事刘胜强先生，财务总监祝竞鹏先 生，董事、董事会秘书李刚全先生，保荐代表人程聪先生（如有特殊情况，参加人员可能调整）。 登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：001317 证券简称：三羊马 公告编号：2025-037 债券代码：127097 债券简称：三羊转债 三羊马（重庆）物流股份有限公司 ■ （问题征集专题页面二维码） 特此公告。 三羊马（重庆）物流股份有限公司 董事会 2025年5月6日 为充分尊重投资者、提升交流的针对性，现就公司2024年度网上业绩说明会提前向投资者公开征集问 题，广 ...

证券代码：001317 证券简称：三羊马 公告编号：2025-035 债券代码：127097 债券简称：三羊转债 三羊马（重庆）物流股份有限公司 部分公司董事、高级管理人员减持股份计划 实施情况暨减持计划已实施完毕公告 公司首次公开发行股票前持有的公司股份的公司董事和高级管理人员任敏、李刚全，保 证向本公司提供的信息内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证信息披露内容的真实、准确、完整，没有虚假记载、误导 性陈述或重大遗漏。 三羊马（重庆）物流股份有限公司（以下简称"公司"）2025 年 3 月 13 日披露《部 分公司董事、高级管理人员减持股份预披露公告》（公告编号：2025-014）： （2）公司首次公开发行股票前持有的公司股份的公司董事和高级管理人员李刚 全，持有公司股份 84,375 股、占公司总股本 0.11%，自减持计划公告之日起 15 个交 易日之后的 3 个月内，以集中竞价方式、大宗交易方式或其他深圳证券交易所认可的 合法方式，计划减持公司股份不超过 21,094 股，即不超过公司总股本的 0.03%、不超 过自身持股的 25.00%。减持计划以所 ...

为充分尊重投资者、提升交流的针对性，现就公司 2024 年度网上业绩说明会提 前向投资者公开征集问题，广泛听取投资者的意见和建议。投资者可于 2025 年 5 月 14 日（星期三）15:00 前访问 https://ir.p5w.net/zj/，或扫描下方二维码，进入问 题征集专题页面。公司将在 2024 年度网上业绩说明会上，对投资者普遍关注的问题 进行回答。 欢迎广大投资者积极参与本次网上业绩说明会。 证券代码：001317 证券简称：三羊马 公告编号：2025-037 债券代码：127097 债券简称：三羊转债 三羊马（重庆）物流股份有限公司 关于举行 2024 年度网上业绩说明会的公告 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。 三羊马（重庆）物流股份有限公司（以下简称"公司"）定于 2025 年 5 月 14 日 （星期三）15:00-17:00 在全景网举办 2024 年度网上业绩说明会，本次年度业绩说明 会将采用网络远程的方式举行，投资者可登陆全景网"投资者关系互动平台" （https://ir.p5w.net）参与本次年度网上业绩说明会。 ...

| 证券代码：001317 | 证券简称：三羊马 | 公告编号：2025-036 | | --- | --- | --- | | 债券代码：127097 | 债券简称：三羊转债 | | 三羊马（重庆）物流股份有限公司 关于使用部分发行可转换公司债券闲置募集资金 进行现金管理的进展公告 | | | 二、投资风险及风险控制措施 （一）投资风险 （1）尽管上述拟投资的现金管理品种属于低风险投资品种，但金融市场受宏观 经济的影响较大，不排除该等投资受到市场波动的影响。 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、基本情况 三羊马（重庆）物流股份有限公司（以下简称"公司"）2024 年第一次临时股 东大会 2024 年 12 月 30 日审议通过《关于使用部分发行可转换公司债券闲置募集资 金进行现金管理的议案》，公司拟使用额度（指授权期限内任一时点投资本金总额） 不超过人民币 150,000,000.00 元发行可转换公司债券闲置募集资金进行现金管理。 额度内的资金可循环滚动使用，取得的收益可进行再投资。授权董事长在额度内行使 决策权，授权财务负责人组织办理相关 ...

Investment Rating - The report does not specify a clear investment rating for the company [1] Core Views - The company, San Yang Ma, is positioned as a leader in public-rail intermodal logistics, focusing on the automotive logistics sector, which is expected to benefit from the recovery of the automotive market [7][8] - The company's revenue for 2024 is projected to be 11.82 billion yuan, with a year-on-year growth of 20.6%, while the net profit attributable to the parent company is expected to decline by 57.3% due to increased financial expenses [7][8] - The report highlights the significant increase in financial expenses due to convertible bond interest, which has impacted profitability [7][8] Financial Summary - Revenue and Profit Forecast: - 2024A: Revenue of 11.82 billion yuan, net profit of 8.59 million yuan - 2025E: Revenue of 14.48 billion yuan, net profit of 13.05 million yuan - 2026E: Revenue of 17.10 billion yuan, net profit of 16.64 million yuan - 2027E: Revenue of 19.50 billion yuan, net profit of 18.94 million yuan [2][12] - Earnings Per Share (EPS) is projected to increase from 0.11 yuan in 2024 to 0.24 yuan in 2027 [2][12] - The company’s return on equity (ROE) is expected to rise from 1.00% in 2024 to 2.21% in 2027 [2][12] Business Segments - The automotive logistics service is the primary business, contributing 82.7% of total revenue in 2024, with a year-on-year growth of 19% [7][8] - Non-automotive logistics services, including cross-border e-commerce logistics, are also growing, with a projected revenue increase of 34.2% [7][8] - The company aims to enhance its logistics network and optimize operations to improve profitability [9][10] Market Outlook - The automotive market in China is expected to continue growing, with total sales projected to exceed 32.9 million vehicles in 2025, a year-on-year increase of 4.7% [8] - The demand for automotive logistics is anticipated to recover as the automotive industry stabilizes [7][8] Conclusion - The report suggests that San Yang Ma is well-positioned to benefit from the growth in the automotive logistics sector, with a focus on improving operational efficiency and expanding service offerings [7][8]