Group 1 - The company held its fourth board meeting on January 16, 2026, with all seven directors present, and the meeting complied with relevant regulations [2] - The board approved a proposal to use up to RMB 150 million of idle funds from convertible bonds for cash management, with the decision-making authority granted to the chairman [2][43] - The proposal for cash management is aimed at improving fund utilization efficiency and maximizing shareholder returns [43][48] Group 2 - The board also approved a proposal to change the use of part of the funds raised for the "Sanyangma Multimodal Transport (Chongqing) Intelligent Application Base (Phase I)" project, allowing for additional uses such as third-party services [6][67] - The project has been completed and is now classified as fixed assets, with some areas expected to be underutilized [6][67] - The change in project use is intended to enhance asset efficiency and maximize shareholder interests [67][69] Group 3 - The company announced the first temporary shareholders' meeting for February 2, 2026, to review the approved proposals [10][15] - The meeting will allow for both on-site and online voting, with specific timeframes for participation [18][19] - Shareholders must register to attend the meeting, with detailed procedures provided [26][30] Group 4 - The company issued a performance forecast for 2025, indicating a projected net loss due to increased depreciation and operational costs from a subsidiary, as well as a decline in gross margins from domestic business [71][73] - The forecast is based on preliminary calculations and will be detailed in the annual report [72][74] - The company emphasizes compliance with disclosure regulations and encourages investors to make cautious decisions [74]

Core Viewpoint - The company, San Yang Ma (001317.SZ), forecasts a net loss attributable to shareholders of 7 million to 10 million yuan for the fiscal year 2025, indicating financial challenges ahead [1]. Group 1: Reasons for Performance Change - The increase in depreciation expenses and operating costs is attributed to the completion of construction projects by the wholly-owned subsidiary, Chongqing Zhuyuan Multimodal Transport Co., Ltd [1]. - Domestic business has experienced a temporary decline in gross margin due to cost control requirements from some clients during the bidding process [1]. - International business is facing challenges as some newly expanded operations are still in the market cultivation phase, impacted by geopolitical factors, leading to short-term performance not meeting expectations [1].

Core Viewpoint - San Yang Ma (001317.SZ) is expected to report a net loss attributable to shareholders of between 7 million to 10 million yuan for the fiscal year 2025 due to various operational challenges [1] Group 1: Reasons for Performance Change - The increase in depreciation expenses and operating costs is attributed to the capitalizing of construction projects by its wholly-owned subsidiary, Chongqing Zhuyuan Multimodal Transport Co., Ltd [1] - Domestic business has experienced a temporary decline in gross margin due to cost control requirements from some clients during the bidding process [1] - International business is facing challenges as some newly expanded operations are still in the market cultivation phase, impacted by geopolitical factors, leading to short-term performance not meeting expectations [1]

Core Viewpoint - The company expects a net loss of 10 million to 7 million yuan for 2025, with a non-recurring net loss projected between 13 million and 11 million yuan due to various operational challenges [1] Group 1: Financial Projections - The anticipated net loss for 2025 is between 10 million and 7 million yuan [1] - The projected non-recurring net loss ranges from 13 million to 11 million yuan [1] Group 2: Operational Challenges - The full-owned subsidiary, Chongqing Zhuyuan Multimodal Transport Co., Ltd., is transitioning construction projects to fixed assets, leading to increased depreciation expenses and operational costs [1] - Domestic business is experiencing a temporary decline in gross margin due to cost control requirements from some clients during the bidding process [1] - International business is facing challenges as some newly expanded operations are still in the market cultivation phase, and short-term performance has not met expectations due to geopolitical and external factors [1]

Core Viewpoint - The company, Sanyangma (001317.SZ), has announced the completion of its fundraising project "Sanyangma Multimodal Transport (Chongqing) Intelligent Application Base (Phase I)" which focuses on automotive display sales, warehousing services, and related logistics services [1] Group 1: Project Overview - The project includes the construction of facilities for automotive display, storage, and office centers, serving as a temporary storage warehouse for vehicles, a transit distribution center for used cars, and a vehicle display and trading center [1] - As of March 2025, the project buildings have been completed and passed joint acceptance, with fire safety registration compliant, allowing the company to transfer the buildings from construction in progress to fixed assets according to accounting standards [1] Group 2: Asset Utilization and Future Plans - Currently, part of the buildings is being utilized for automotive storage, display, and office purposes based on the company's operational needs [1] - Due to changes in market conditions and the company's development plans, some areas of the project will remain idle after meeting internal needs [1] - To enhance asset utilization efficiency and maximize shareholder value, the company has decided to change the use of certain project areas to include third-party collaborations for external services, financial management services, education and training services, information services, and platform services [1]

报告期内，全资子公司重庆主元多式联运有限公司在建工程转固，增加折旧费用及运营成本；国内业务 方面，受部分客户招标环节成本控制要求等因素影响，毛利率出现阶段性下降；国际业务方面，部分新 拓展业务尚处于市场培育期，受地缘政治等外部因素影响，短期业绩未达预期。 人民财讯1月16日电，三羊马（001317）1月16日发布业绩预告，预计2025年净利润亏损700万元—1000 万元，上年同期净利润为859.24万元。 ...

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核查意见 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（重庆）物流股份有限公司（以下简称"三羊马"或"公司"）公开发行可转 换公司债券的保荐机构，根据《证券发行上市保荐业务管理办法》《上市公司监 管指引第 2 号——上市公司募集资金管理和使用的监管要求》《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》等有关规定的要求，对三羊马使用部分闲置募集资金进行现金管理 事项进行了审慎核查，并出具核查意见如下： 一、募集资金的基本情况 经中国证券监督管理委员会《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， 和深圳证券交易所批准，三羊马（重庆）物流股份有限公司获准向不特定对象发 行可转换公司债券 210 万张，每张面值为人民币 100 元，按面值发行，发行总额 为人民币 21,000.00 万元。 本次发行的募集资金总额为 21,000.00 万元，扣除 ...

Core Viewpoint - The company has approved a proposal to use part of the idle funds raised from convertible bonds for cash management, specifically investing in low-risk financial products [1] Group 1: Financial Management - The company plans to utilize up to 150 million yuan of idle funds for cash management [1] - The investment will focus on safe, principal-protected products such as structured deposits and large certificates of deposit [1] - The authorization for this cash management initiative is valid for 12 months from the date of approval by the shareholders' meeting [1] Group 2: Impact on Operations - This cash management decision will not affect the progress of the fundraising investment projects or the company's normal production and operations [1]

Group 1 - The company San Yang Ma announced that its fourth board meeting will be held on January 16, 2026, in Chongqing, combining in-person and communication methods [1] - The meeting will review the proposal to convene the first extraordinary shareholders' meeting of 2026 [1] Group 2 - Silver prices have surged over 80% in the last 50 days, indicating a level of excitement that surpasses that of gold [1] - Historically, the explosive rise in silver prices often signals that a bull market in precious metals is reaching its peak [1]

（记者 张明双） 每经AI快讯，三羊马1月16日晚间发布业绩预告，预计2025年归属于上市公司股东的净利润亏损700万 元至1000万元，同比由盈转亏。业绩变动主要原因是，全资子公司重庆主元多式联运有限公司在建工程 转固，增加折旧费用及运营成本；受部分客户招标环节成本控制要求等因素影响，毛利率出现阶段性下 降；部分新拓展业务尚处于市场培育期，受地缘政治等外部因素影响，短期业绩未达预期。 每经头条（nbdtoutiao）——白银50天涨逾80%，疯狂程度远超黄金，历史上爆炒白银往往预示贵金属 牛市已到高潮，这次有何不同？ ...