（文章来源：每日经济新闻） 传化智联（SZ 002010，收盘价：6.17元）发布公告称，2025年7月29日，传化智联接受招商证券调研， 公司证券事务代表赵磊、投资者关系管明锋参与接待，并回答了投资者提出的问题。 2024年1至12月份，传化智联的营业收入构成为：物流占比59.87%，专业化学产品制造业占比40.06%， 其他业务占比0.07%。 ...

传化智联：已与杭州宇树机器人等共同投资设立杭州具身智能中试基地公司 智通财经7月30日电，传化智联(002010.SZ)公告称，公司已与杭州高新科创、杭州市数据集团及杭州宇 树机器人共同投资设立杭州具身智能中试基地公司，未来将基于公司数据资源和产业应用经验，与其他 投资方共同发展具身智能业务，并探索具身智能技术在公司场景资源方面的应用，通过科技实现业务效 率提升。 ...

Report Overview - Report Title: "Yongan Synthetic Rubber Morning Report" [2] - Research Team: Research Center Energy and Chemicals Team [3] - Report Date: July 28, 2025 [3] 1. Report Industry Investment Rating - Not provided in the given content 2. Report Core View - Not provided in the given content 3. Summary by Relevant Catalogs 3.1 BR (Butadiene Rubber) 3.1.1 Futures Market - The closing price of the main contract on July 25 was 12,415, up 130 from the previous day [4]. - The open interest of the main contract on July 25 was 49,311, an increase of 483 from the previous day and 32,097 from the previous week [4]. - The trading volume of the main contract on July 25 was 160,791, up 12,149 from the previous day and 70,426 from the previous week [4]. - The warehouse receipt quantity remained unchanged at 9,840 on July 25 compared to the previous day, with a weekly increase of 140 [4]. - The virtual - to - physical ratio on July 25 was 25.06, up 16 from the previous week [4]. 3.1.2 Basis and Spread - The butadiene rubber basis on July 25 was - 215, down 30 from the previous day and 195 from the previous week [4]. - The 8 - 9 month spread on July 25 was - 30, down 5 from the previous day and 55 from the previous week [4]. - The 9 - 10 month spread on July 25 was 15, down 25 from the previous day and 15 from the previous week [4]. 3.1.3 Spot Market - The Shandong market price of butadiene rubber on July 25 was 12,200, up 100 from the previous day and 500 from the previous week [4]. - The Transfar market price on July 25 was 12,100, up 200 from the previous day and 500 from the previous week [4]. - The Qilu Petrochemical ex - factory price on July 25 was 12,200, unchanged from the previous day but up 500 from the previous week [4]. 3.1.4 Processing and Import - Export - The spot processing profit on July 25 was 81, up 24 from the previous day and 220 from the previous week [4]. - The on - disk processing profit on July 25 was 296, up 54 from the previous day and 415 from the previous week [4]. - The import profit on July 25 was - 87,056, down 16 from the previous day and 3,271 from the previous week [4]. - The export profit on July 25 was - 879, down 75 from the previous day and 284 from the previous week [4]. 3.2 BD (Butadiene) 3.2.1 Price - The Shandong market price of butadiene on July 25 was 9,725, up 75 from the previous day and 275 from the previous week [4]. - The Jiangsu market price on July 25 was 9,750, up 100 from the previous day and 300 from the previous week [4]. - The Yangzi Petrochemical ex - factory price on July 25 was 9,700, unchanged from the previous day but up 300 from the previous week [4]. - The CFR China price on July 25 was 1,100, unchanged from the previous day and up 50 from the previous week [4]. 3.2.2 Processing and Import - Export - The carbon - four extraction profit data for July 25 was not available [4]. - The butene oxidative dehydrogenation profit on July 25 was 866, up 100 from the previous day and 370 from the previous week [4]. - The import profit on July 25 was 697, up 90 from the previous day and down 80 from the previous week [4]. - The export profit on July 25 was - 1,470, up 64 from the previous day and down 282 from the previous week [4]. 3.3 Downstream Profits - The butadiene rubber production profit on July 25 was 296, up 54 from the previous day and 415 from the previous week [4]. - The styrene - butadiene rubber production profit on July 25 was 700, unchanged from the previous day and up 125 from the previous week [4]. - The ABS production profit data for July 25 was not available [4]. - The SBS (791 - H) production profit on July 25 was 520, unchanged from the previous day and down 150 from the previous week [4]. 3.4 Variety Spreads - The RU - BR spread on July 25 was - 33,726, down 143 from the previous day and 31,322 from the previous week [4]. - The NR - BR spread on July 25 was - 35,991, down 283 from the previous day and 31,452 from the previous week [4]. - The Thai mixed - butadiene rubber spread on July 25 was 2,900, up 100 from the previous day and 100 from the previous week [4]. - The 3L - styrene - butadiene rubber spread on July 25 was 2,750, down 100 from the previous day and up 100 from the previous week [4]. - The butadiene rubber standard - non - standard price difference on July 25 was 250, down 150 from the previous day and up 50 from the previous week [4]. - The styrene - butadiene rubber 1502 - 1712 spread on July 25 was 1,150, up 50 from the previous day and down 50 from the previous week [4].

Core Insights - The article highlights the successful collaboration between the government and Zhejiang Transfar Group in revitalizing rural areas through agricultural innovation and community engagement [1][3]. Group 1: Company Initiatives - Transfar Group has established the "Xie Jing An" agricultural innovation village, which integrates three previously underdeveloped villages, aiming to enhance local income and agricultural practices [1][2]. - The company has partnered with over 10 research institutions to develop and promote superior tomato varieties, significantly increasing agricultural productivity [2][3]. - Since the operation of Xie Jing An, 39 enterprises have settled in the area, generating an annual output value exceeding 1 billion yuan and directly increasing villagers' income by over 15 million yuan [3]. Group 2: Community Impact - The initiative has provided public services to over 16,000 villagers, enhancing community welfare and engagement [3]. - The project aims to double the per capita disposable income of villagers within the next 3 to 5 years by introducing 200 enterprises and creating numerous entrepreneurial opportunities [3].

传化智联股份有限公司 关于募集资金使用完毕及注销募集资金账户的公告 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。 一、募集资金基本情况 经中国证券监督管理委员会证监许可〔2015〕2397 号文核准，并经深圳证券 交易所同意，传化智联股份有限公司（以下简称"本公司"或"公司"）向传化 集团有限公司、长安财富资产管理有限公司、长城嘉信资产管理有限公司、华安 未来资产管理（上海）有限公司、杭州中阳融正投资管理有限公司、上海陆家嘴 股权投资基金合伙企业（有限合伙）、上海凯石益正资产管理有限公司、西藏自 治区投资有限公司非公开发行股份 232,288.0368 万股购买其拥有的传化物流集 团有限公司（以下简称"传化物流集团"）100%股权，标的资产的交易价格确定 为 2,000,000 万元。同时，由主承销商国泰君安证券股份有限公司采用非公开发 行股票方式，向特定对象非公开发行人民币普通股（A 股）股票 446,954,310 股， 发行价为每股人民币 9.85 元，共计募集资金 440,250.00 万元，扣除承销费用 5,022.00 万元后的募集资金为 435 ...

证券代码：002010 证券简称：传化智联 公告编号：2025-046 传化智联股份有限公司 关于中期票据获准注册的公告 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。 近日，公司收到交易商协会出具的《接受注册通知书》（中市协注〔2025〕 MTN637 号），交易商协会同意接受公司中期票据注册，现就有关事项公告如下： 一、公司中期票据注册金额为 10 亿元，注册额度自本通知书落款之日起 2 年内有效，由浙商银行股份有限公司主承销。 二、公司在注册有效期内可分期发行中期票据，接受注册后如需备案发行， 应事前先向交易商协会备案。公司应按照有权机构决议及相关管理要求，进行发 行管理。发行完成后，应通过交易商协会认可的途径披露发行结果。 公司将根据上述《接受注册通知书》要求，并按照有关规则指引规定，及时 履行信息披露义务。 特此公告。 传化智联股份有限公司董事会 2025 年 7 月 15 日 传化智联股份有限公司（以下简称"公司"）分别于 2025 年 4 月 18 日、2025 年 5 月 20 日召开了第八届董事会第二十七次会议及 2024 年年度股东大会审议 ...

Group 1 - The company expects a net profit attributable to shareholders of 500 million to 550 million yuan, representing an increase of 72.78% to 90.06% compared to the same period last year, which was 289.39 million yuan [1][2] - The company anticipates a net profit after deducting non-recurring gains and losses of 270 million to 300 million yuan, reflecting an increase of 8.26% to 20.29% compared to the previous year's 249.39 million yuan [1][2] - Basic earnings per share are projected to be between 0.1809 yuan and 0.1990 yuan, compared to 0.1047 yuan per share in the same period last year [1][2] Group 2 - The increase in net profit is primarily attributed to the transfer of equity in Transfar Payment Co., Ltd., which confirmed related investment income, and the repurchase of minority shares in Zhejiang Transfar Synthetic Materials Co., Ltd. [2] - The company has optimized its marketing strategy and increased efforts in overseas market expansion within its chemical business, while the logistics business has focused on optimizing asset structure and enhancing profitability [2]

Group 1 - Aishuo Co., Ltd. expects a net loss of 170 million to 280 million yuan for the first half of 2025, with a net loss of 410 million to 520 million yuan after excluding non-recurring gains and losses [1] - Changcheng Military Industry anticipates a net loss of 25 million to 29.5 million yuan for the first half of 2025, with a net loss of 35 million to 41 million yuan after excluding non-recurring gains and losses [1] - Changyuan Donggu expects a net profit of 155 million to 180 million yuan for the first half of 2025, representing a year-on-year increase of 62.65% to 88.88% [1] Group 2 - Beifang Navigation forecasts a net profit of 105 million to 120 million yuan for the first half of 2025, turning around from a loss of 74.2168 million yuan in the same period last year [3] - Xizi Clean Energy expects a net profit of 130 million to 180 million yuan for the first half of 2025, a decrease of 47.40% to 62.01% compared to the same period last year [4] - Tianbao Infrastructure anticipates a net profit of 90 million to 130 million yuan for the first half of 2025, representing a year-on-year increase of 1581.80% to 2329.27% [4] Group 3 - Taiping Bird expects a net profit of approximately 77.7 million yuan for the first half of 2025, a decrease of about 55% compared to the same period last year [6] - Xibu Chuangye forecasts a net profit of approximately 295 million yuan for the first half of 2025, an increase of 88.99% compared to the same period last year [8] - Zhengbang Technology expects a net profit of 190 million to 210 million yuan for the first half of 2025, a year-on-year increase of 249.03% to 264.72% [9] Group 4 - Songzhi Co., Ltd. anticipates a net profit of 140 million to 170 million yuan for the first half of 2025, representing a year-on-year increase of 53.58% to 86.49% [10] - Hailide expects a net profit of 280 million to 310 million yuan for the first half of 2025, a year-on-year increase of 47.65% to 63.47% [12] - Chenhua Co., Ltd. forecasts a net profit of 48.8176 million to 56.6284 million yuan for the first half of 2025, a year-on-year increase of 25% to 45% [13] Group 5 - Yuanlin Co., Ltd. expects a net loss of 68 million to 92 million yuan for the first half of 2025, with a net loss of 70 million to 95 million yuan after excluding non-recurring gains and losses [14] - Chuanhua Zhili anticipates a net profit of 500 million to 550 million yuan for the first half of 2025, representing a year-on-year increase of 72.78% to 90.06% [15] - Longyuan Technology expects a net profit of 26 million to 31 million yuan for the first half of 2025, a year-on-year increase of 116.61% to 158.26% [17] Group 6 - Jiangshan Co., Ltd. forecasts a net profit of 300 million to 360 million yuan for the first half of 2025, a year-on-year increase of 75.65% to 110.78% [32] - Ganli Pharmaceutical expects a net profit of 600 million to 640 million yuan for the first half of 2025, a year-on-year increase of 100.73% to 114.12% [33] - Zhongyan Chemical's subsidiary signed a 6.809 billion yuan mining rights transfer contract [35]

[Performance Forecast Overview](index=1&type=section&id=I.%20Current%20Period%20Performance%20Forecast) The company anticipates a substantial increase in net profit attributable to shareholders for H1 2025, driven primarily by non-recurring gains, while core business profit growth is more moderate Key Performance Indicators for 2025 Semi-Annual Performance Forecast | Item | Current Reporting Period (Jan 1 - Jun 30, 2025) | Prior Period | | :--- | :--- | :--- | | **Net Profit Attributable to Shareholders of Listed Company** | Profit: RMB 500 million – RMB 550 million | Profit: RMB 289.39 million | | Year-on-Year Growth | 72.78% – 90.06% | - | | **Net Profit After Deducting Non-Recurring Gains and Losses** | Profit: RMB 270 million – RMB 300 million | Profit: RMB 249.39 million | | Year-on-Year Growth | 8.26% – 20.29% | - | | **Basic Earnings Per Share** | Profit: RMB 0.1809/share – RMB 0.1990/share | Profit: RMB 0.1047/share | [Analysis of Performance Changes](index=1&type=section&id=III.%20Explanation%20of%20Performance%20Changes) Significant growth in net profit attributable to shareholders is primarily due to non-operating gains from equity transfer, complemented by improved performance in core chemical and logistics businesses - The substantial year-on-year increase in **net profit attributable to shareholders** is primarily due to investment income from the transfer of Transfar Payment Co., Ltd. equity and the repurchase of minority shareholder equity, explaining the significant discrepancy with **net profit after deducting non-recurring gains and losses** growth rates[5](index=5&type=chunk) - Core business operations are improving, with the **Chemical business** enhancing performance through optimized marketing and overseas expansion, and the **Logistics business** improving profitability by optimizing asset structure and focusing on advantageous areas[5](index=5&type=chunk) [Other Important Matters](index=1&type=section&id=II.%20Communication%20with%20Accounting%20Firm) This performance forecast is a preliminary, unaudited estimate, with final financial data subject to the official 2025 semi-annual report, and investors are advised to exercise caution - The performance forecast data is **unaudited**, though preliminary communication with the accounting firm on significant matters indicates no major disagreements[4](index=4&type=chunk) - The company issued a **risk warning**, advising investors that specific financial data will be subject to the subsequent 2025 semi-annual report disclosure, urging cautious decision-making[6](index=6&type=chunk)

Core Viewpoint - The company, Transfar Zhilian (002010), expects a significant increase in net profit for the first half of 2025, projecting between 500 million to 550 million yuan, which represents a year-on-year growth of 72.78% to 90.06% compared to 289 million yuan in the same period last year [1] Financial Performance - The projected net profit for the first half of 2025 is estimated to be between 500 million to 550 million yuan [1] - This represents an increase of 72.78% to 90.06% from the previous year's net profit of 289 million yuan [1]