证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 | --- | --- | --- | |-------------------|-------------------------------------|--------------------------------------------| | | | | | 投 资 者 关 系 活 | √ 特定对象调研 □分析师会议 | | | 动类别 | □ 媒体采访 □业绩说明会 | | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ 其他 （请文字说明其他活动内容） | | | 参 与 单 位 名 称 | 光大证券计算机行业首席分析师 姜国平 | | | 及人员姓名 | 民生证券研究所研究员 顾憙闽 | | | | 民生证券研究所机构销售 钟 盾 | | | | 华安基金行业分析师 曹 欣 | | | | 华宝兴业基金研究员 王凌霄 | | | 时间 | 2019 年 1 月 22 日 | | | 地点 | | 浙江省杭州市萧山区钱江世纪城传化大厦会议室 | | 上 市 公 司 接 待 | ...

证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 编号：2019-001 | --- | --- | --- | |-------------------|---------------------------|--------------------------------------------| | | | | | 投 资 者 关 系 活 | √ | 特定对象调研 □分析师会议 | | 动类别 | □ | 媒体采访 □业绩说明会 | | | □新闻发布会 □路演活动 | | | | □ 现场参观 | | | | □ | 其他 （请文字说明其他活动内容） | | 参 与 单 位 名 称 | | 长城证券交运分析师 罗江南 | | 及人员姓名 | 交银施罗德研究员 徐森洲 | | | | 上海博观投资研究员 卢 鑫 | | | | 信诚基金基金经理 韩益平 | | | | 君和资本副总经理 宋加勒 | | | 时间 | 2019 年 1 月 18 | 日 | | 地点 | | 浙江省杭州市萧山区钱江世纪城传化大厦会议室 | | 上 市 公 司 接 待 | 传化智联董事会秘 ...

编号：2020-003 证券代码：002010 证券简称：传化智联 | --- | --- | --- | --- | |--------------|------------|---------------------------------|------------------------------------------------------| | | | √特定对象调研 | □分析师会议 | | 投资者关系活 | | | □媒体采访 □业绩说明会 | | 动类别 | | | □新闻发布会 □路演活动 | | | □现场参观 | | | | | □其他 | | （请文字说明其他活动内容） | | | | | | | | | 黄向军 宁波天越资产 | | | | | 何亚龙 深圳前海宇轩创富资产 | | | | | 陆世明 深圳前海宇轩创富资产 | | | 参与单位名称 | | 吴奉平 格菲资本 | | | 及人员姓名 | 宋吉开 | 格菲资本 | | | | 吕 | 欣 格菲资本 | | | | | | | | | 葛军龙 | | | | | | | | | 时间 2020 | 年 | 11 月 2 ...

编号：2021-002 证券代码：002010 证券简称：传化智联 | --- | --- | --- | |--------------|----------------|------------------------------------------------------| | | | | | | √特定对象调研 | □分析师会议 | | 投资者关系活 | | □媒体采访 □业绩说明会 | | 动类别 | | □新闻发布会 □路演活动 | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | | | 范倩蕾 摩根士丹利 | | | 赵 | 辰 和谐汇一资产 | | 参与单位名称 | 常 | Prime Capital | | 及人员姓名 | 李光华 | 3W fund | | | 张雨声 | Pinpoint | | | | 张双羽 常春藤资本 | | 时间 2021 | | | | 地点 | 杭州传化公路港 | 浙江省杭州市萧山区钱江世纪城传化大厦会议室 | | 上市公司接待 | 公司总裁 | 巍 高级副总裁兼董事会秘书 朱江英 | | 人员姓名 | 投资者关系 | ...

Group 1: Company Advantages - The company's advantages lie in its comprehensive service offerings, including logistics parks, online freight platforms, insurance, and credit services, which provide a holistic solution to customer logistics needs [2] - The ability to respond promptly to customer logistics demands is a key strength in supply chain integration solutions [2] Group 2: Future Development Directions - The company plans to develop its warehousing business towards cloud warehousing, focusing on operational management [4] - In freight transport, the company aims to enhance damage and discrepancy control in dedicated line transportation [4] Group 3: Network Platform Business - In 2020, the network platform business achieved a total scale of approximately 6.6 billion yuan, representing the freight charges for logistics services provided by the platform [4] - The network platform's advantages include stable policy support, high compliance standards, and effective expansion strategies to connect with shippers [4] Group 4: Compliance and Risk Management - The company maintains high standards for compliance, ensuring that each order's authenticity is strictly verified to prevent duplicate order information across platforms [5] - Risk of cargo loss is contractually assigned to the specific carrier driver, with additional insurance coverage required [5] Group 5: Future Planning - The network freight platform will extend its services to shippers by building a bidding platform and offering additional products such as fuel sales and insurance [5] - The company has invested significantly in intelligent systems since its restructuring in 2015, aiming to integrate existing systems to streamline the entire business chain [5]

编号：2021-003 证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 | --- | --- | --- | --- | |-----------------|-------------|------------------------------|-------------------------------------------------------| | | | | | | | | | √特定对象调研 □分析师会议 | | 投 资者 关系 活 | | | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 | | □路演活动 | | | □现场参观 | | | | | □其他 | | （请文字说明其他活动内容） | | | 刘志刚 | 万泰华瑞投资 | | | | 李锐高 | 上海逐流资产 | | | | 李融信 | 上海逐流资产 | | | 参 与单 位名 称 | 李竞妍 | 上海逐流资产 | | | 及人员姓名 | 仝 睿 | 东吴金融科技 | | | | 郭安琪 | 东吴金融科技 | | | | 俞潘成 | 国泰君安 | | | | 郭红旗 | ...

编号：2021-005 证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 | --- | --- | --- | |--------------|---------------------|----------------------------| | | √特定对象调研 | □分析师会议 | | 投资者关系活 | | □媒体采访 □业绩说明会 | | 动类别 | | □新闻发布会 □路演活动 | | | □现场参观 | | | | □其他 | （请文字说明其他活动内容） | | | 国泰君安创新投 | 张骏晨 | | | 燕创资本 陈 | | | | 睿远基金 倪 | | | | 杭州金融投资集团 | 欧阳福庆 | | | 上海国和投资 | 林海舰 | | | 北信瑞丰 庞文杰 | | | | 兴业证券 王品辉等 | 2 人 | | | 海通证券 杨振华 | | | | 招商证券 王西典 | | | 参与单位名称 | 东北证券 吴金超 | | | 及人员姓名 | 银河证券 王靖添等 | 2 人 | | | 德邦证券 田照丰 | | | | 申万证券 邹杰伟 | | | | ...

编号：2021-008 证券代码：002010 证券简称：传化智联 | --- | --- | --- | |-------------------------------|----------------------------------------------|-----------------------------------------------------------| | 投 资者 关系 活 \n动类别 \n | □媒体采访 \n□新闻发布会 \n□现场参观 \n□其他 | □特定对象调研 □分析师会议 \n 业绩说明会 \n 路演活动 | | | 王靖添 | 银河证券 | | | 林安琪 | 摩根士丹利 | | | 韩轶超 | 长江证券 | | | Teddy Gao | | | | | | | | 渠顶立 | 万家基金 | | 参 与单 位名 称 | 范飞 | 诺德基金 | | 及人员姓名 | 庞文杰 | 北信瑞丰 | | | 景松石 | 国联证券 | | | 周晴 | 德邦证券 | | | 罗娟 | 恒昇基金 | | | 黄正初 | Zaaba Capital | | | | | | ...

编号：2021-007 证券代码：002010 证券简称：传化智联 传化智联股份有限公司投资者关系活动记录表 | --- | --- | --- | |-----------------|-------------|--------------------------------------------| | | | | | | | □特定对象调研 □分析师会议 | | 投 资者 关系 活 | | □媒体采访 □业绩说明会 | | 动类别 | □新闻发布会 | □路演活动 | | | □现场参观 | | | | √其他 | （线上业务交流会） | | | 陈 | 上海燕创投资管理有限公司 | | | 陈 | 碧云资本 | | | 方 | 摩根士丹利亚洲有限公司 | | | 郭照阳 | 工银瑞信基金管理有限公司 | | | 杭 | 中金公司研究部 | | | 何 | WAC 安迪中国 | | | 李九璐 | 中金公司研究部 | | 参 与单 位名 称 | 廖 | 香港交易所 | | 及人员姓名 | 明 | 安信证券研究中心 | | | 沈钟灵 | TIGER PACIFIC CAPITAL | | | 于文博 ...

Group 1: Company Value Assessment - The company's value can be reflected in three main business segments, with significant operational improvements compared to previous years. Prior to 2020, the company faced operational losses, but has since turned profitable, as evidenced by the first quarter performance [2][3]. - The road port business has shown the most significant improvement, transitioning from a loss phase to a stable profit phase over the past 2-3 years, indicating the platform's value is beginning to materialize [3]. - The network freight platform is expanding in scale, contributing steadily to operational profits, with efforts now focused on tapping into the shipper market in addition to connecting logistics companies and drivers [3]. Group 2: Market Challenges - The express line market is highly fragmented, with low industry concentration and significant service level disparities, exacerbated by increased competition from capital influx, leading to survival challenges for many express line companies [3]. - Issues of trust and unreasonable resource allocation in the market, along with a slow digital transformation among express line companies, hinder the ability to provide high service levels to customers [3]. Group 3: Future Investments and Layout - The company has over 60 projects covering most regions of the country, with ongoing efforts to enhance the road port network. Most projects are entering a harvest phase, confirming the success of the road port model [3]. - New projects are being established in cities such as Wuhan, Puyang, Haining, Meihekou, and Enshi, with an expectation to add 3-5 new projects annually in the future [3]. - The company will continue to deepen its local market presence and expand existing road port scales based on current project layouts [3]. Group 4: Asset Valuation - The road port assets are measured at fair value as investment properties, requiring annual evaluations based on discounted cash flows from rental income, which is a conservative approach [4]. - The true value of the road port network extends beyond mere property value; it lies in enhancing logistics turnover efficiency and fostering the growth of businesses on the platform [4].