Core Viewpoint - The leadership change at Yiatong marks a significant transition as Chen Weimin takes over as chairman from founder Zhou Guohui, amidst challenges including projected losses in 2025 due to declining margins in the fast-moving consumer goods sector [2][28]. Company Overview - Yiatong, founded in 1997, has grown to achieve over 70 billion in revenue under Zhou's leadership, who has gradually stepped back from management roles [2][28]. - The company is facing a projected net loss of approximately 200 to 300 million in 2025 due to declining gross margins and accounts receivable issues [2][28]. Financial Performance - The company reported a net profit attributable to shareholders of -30 million, a decline of 383.40% year-on-year, with a basic earnings per share of -0.12 [30]. - The gross profit margin has remained low, fluctuating between 4-5% in recent years, indicating pressure from e-commerce and logistics giants [30][42]. Strategic Initiatives - Chen Weimin's team is focusing on transformation efforts, including expanding overseas operations and enhancing technology services [5][31]. - The company aims to solidify its supply chain services while pushing for compliance and refined management practices to improve efficiency [6][31]. Business Segments - As of 2025, nearly 90% of Yiatong's revenue still comes from traditional supply chain operations, including distribution, brand operation, and cross-border logistics [40]. - Cross-border and logistics services have shown significant growth, with revenues reaching 7.28 billion, a year-on-year increase of 382.86% [11][34]. Investment and Partnerships - Yiatong has secured strategic investments, including 200 million for its logistics subsidiary focused on the electric vehicle supply chain [37]. - The company is forming an "industry overseas ecological alliance" to integrate services across trade, logistics, finance, and technology [38]. Future Directions - The new management is pursuing a "1+3+1" strategy, focusing on comprehensive supply chain services, incubating emerging industries, and enhancing capital operations and digital transformation [42][43]. - The company is actively investing in AI, semiconductors, and new energy sectors to transition from traditional logistics to a high-value technology ecosystem [42][43]. Leadership Profile - Chen Weimin, aged 56, has a strong background in risk management and finance, having joined Yiatong in 2004 and held various senior positions [24][50]. - His leadership is seen as crucial for navigating the company through its current challenges and focusing on core competencies to create value [51].

Group 1 - The core viewpoint of the article is that the company, Yiyaton (002183), is committed to maintaining stable operations and enhancing market value management to reward investors [1] Group 2 - The company responded to investor inquiries on an interactive platform, indicating its focus on investor relations and transparency [1] - The emphasis on steady management suggests a strategic approach to navigating market challenges and opportunities [1] - The commitment to market value management reflects the company's intention to prioritize shareholder interests in its operational strategy [1]

Core Viewpoint - Shenzhen Yiyaton Supply Chain Co., Ltd. (referred to as "the company") forecasts a net loss attributable to shareholders of 200 million to 300 million yuan for the year 2025, indicating a challenging financial outlook due to various internal and external factors [1] Financial Performance - The company anticipates a net profit loss of 260 million to 390 million yuan after deducting non-recurring items for 2025 [1] - The overall business gross margin is expected to decline, with the fast-moving consumer goods segment being particularly affected [1] Credit Risk Assessment - The company is conducting a preliminary assessment of the recoverability of accounts receivable and other receivables as of the end of 2025 [1] - An increase in credit impairment losses is expected for 2025 compared to 2024 [1]

Core Viewpoint - The trade sector experienced a significant decline, with a drop of 4.35% on February 2, leading to a broader market downturn reflected in the Shanghai Composite Index and Shenzhen Component Index, which fell by 2.48% and 2.69% respectively [1] Group 1: Market Performance - The Shanghai Composite Index closed at 4015.75, down 2.48% [1] - The Shenzhen Component Index closed at 13824.35, down 2.69% [1] - The trade sector's leading stock, Yiatong, fell by 10.07%, closing at 5.45 [1] Group 2: Stock Performance - Major stocks in the trade sector showed significant declines, with Citic Metal down 5.69% to 14.09, and ST PA down 4.99% to 3.81 [1] - Other notable declines included BanSuo HuiHong down 4.39% to 3.27, and Wukuang Development down 3.59% to 13.17 [1] Group 3: Capital Flow - The trade sector saw a net outflow of 422 million yuan from main funds, while retail investors contributed a net inflow of 352 million yuan [1] - The table of capital flow indicates that SuMeida had a main fund net inflow of 317.53 thousand yuan, while Jiangsu Guotai experienced a net outflow of 205 million yuan [2]

| 证券代码：002183 | 证券简称：怡亚通 公告编号：2026-016 | | --- | --- | | 债券代码：148576 | 债券简称：24 怡亚 01 | | 债券代码：148506 | 债券简称：23 怡亚 03 | | 债券代码：148411 | 债券简称：23 怡亚 02 | | 债券代码：148365 | 债券简称：23 怡亚 01 | 深圳市怡亚通供应链股份有限公司 关于董事长、董事、审计委员会的人员变动的公告 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、人员变动的基本情况 截至本公告出具日，深圳市怡亚通供应链股份有限公司（以下简称"公司" 或"怡亚通"）发生董事长、董事、审计委员会的人员变动的事项，具体情况公 告如下： （一）原任职人员基本情况 因公司第七届董事会任期届满，根据《中华人民共和国公司法》《深圳证券 交易所股票上市规则》及《公司章程》等相关规定，公司进行董事会换届选举。 （二）新聘任人员基本情况 表二 新董事长、董事、审计委员会任职人员基本情况 | 序号 | 姓名 | 职务 | | --- | --- | -- ...

关于 深圳市怡亚通供应链股份有限公司 董事长、董事、审计委员会的人员变动的 临时受托管理事务报告 | 债券简称：148576.SZ | 债券代码：24 | 怡亚 | 01 | | --- | --- | --- | --- | | 债券简称：148506.SZ | 债券代码：23 | 怡亚 | 03 | | 债券简称：148411.SZ | 债券代码：23 | 怡亚 | 02 | | 债券简称：148365.SZ | 债券代码：23 | 怡亚 | 01 | 债券受托管理人 2026 年 2 月 重要声明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》、深圳市怡亚通供应链股份有限公司（以下简称"怡亚通"、"发行人" 或"公司"）就存续公司债券与受托管理人签署的受托管理协议（以下简称"《受 托管理协议》"）及其它相关信息披露文件以及发行人出具的相关说明文件和提 供的相关资料等，由受托管理人中信建投证券股份有限公司（以下简称"中信建 投证券"或"受托管理人"）编制。中信建投证券编制本报告的内容及信息均来 源发行人提供的资料或说明。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投 ...

关于 重要声明 深圳市怡亚通供应链股份有限公司 2025 年度业绩预告的 临时受托管理事务报告 | 债券简称：148576.SZ | 债券代码：24 | 怡亚 | 01 | | --- | --- | --- | --- | | 债券简称：148506.SZ | 债券代码：23 | 怡亚 | 03 | | 债券简称：148411.SZ | 债券代码：23 | 怡亚 | 02 | | 债券简称：148365.SZ | 债券代码：23 | 怡亚 | 01 | 债券受托管理人 2026 年 2 月 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》、深圳市怡亚通供应链股份有限公司（以下简称"怡亚通"、"发行人" 或"公司"）就存续公司债券与受托管理人签署的受托管理协议（以下简称"《受 托管理协议》"）及其它相关信息披露文件以及发行人出具的相关说明文件和提 供的相关资料等，由受托管理人中信建投证券股份有限公司（以下简称"中信建 投证券"或"受托管理人"）编制。中信建投证券编制本报告的内容及信息均来 源发行人提供的资料或说明。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 ...

每经AI快讯，怡亚通1月30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-30000万元 至-20000万元，比上年同期下降383.40%~288.93%。业绩变动主要原因是，受内外部各种因素影响，公 司整体业务毛利有所下降，尤其是快速消费品板块业务受影响较为严重。公司初步评估报告期末应收账 款及其他应收款的可回收性，本报告期预计信用减值损失较去年增加。 每经头条（nbdtoutiao）——中国无人驾驶"军团"，"武装"阿布扎比 （记者 曾健辉） ...

深圳市怡亚通供应链股份有限公司（以下简称"公司或怡亚通"）于 2026 年 1 月 30 日召开 2026 年第二次临时股东会，选举产生了公司第八届董事会；同 日，公司召开第八届董事会第一次会议，审议通过了选举公司董事长、董事会专 门委员会委员及聘任公司高级管理人员、证券事务代表、审计部负责人等议案。 公司董事会换届选举工作已完成，现将有关情况公告如下： 一、公司第八届董事会及专门委员会组成情况 （一）第八届董事会组成情况 公司第八届董事会由 7 名董事组成，其中非独立董事 4 名，独立董事 3 名。 证券代码：002183 证券简称：怡亚通 公告编号：2026-014 深圳市怡亚通供应链股份有限公司 关于董事会完成换届选举及聘任高级管理人员、证券事务代 表、审计部负责人的公告 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。 1、非独立董事：陈伟民先生（董事长、法定代表人）、李程先生、马小智 先生、莫京先生。 2、独立董事：刘长青先生、邱大梁先生、朱岩梅女士 公司第八届董事会成员均符合相关法律法规、规范性文件和《公司章程》规 定的上市公司董事任职资格，任期自公 ...

北京市金杜（广州）律师事务所 关于深圳市怡亚通供应链股份有限公司 2026 年第二次临时股东会的法律意见书 致：深圳市怡亚通供应链股份有限公司 北京市金杜（广州）律师事务所（以下简称本所）接受深圳市怡亚通供应链股 份有限公司（以下简称公司）委托，根据《中华人民共和国证券法》（以下简称《证 券法》）、《中华人民共和国公司法》（以下简称《公司法》）、中国证券监督管理委员 会《上市公司股东会规则》（以下简称《股东会规则》）等中华人民共和国境内（以 下简称中国境内，为本法律意见书之目的，不包括中国香港特别行政区、中国澳门 特别行政区和中国台湾省）现行有效的法律、行政法规、规章和规范性文件和现行 有效的公司章程有关规定，指派律师出席了公司于 2026 年 1 月 30 日召开的 2026 年第二次临时股东会（以下简称本次股东会）并对本次股东会相关事项进行见证， 依法出具本法律意见书。 为出具本法律意见书，本所律师审查了公司提供的以下文件，包括但不限于： 1．经公司 2025 年第十三次临时股东大会审议通过的《深圳市怡亚通供应链 股份有限公司章程》（以下简称《公司章程》）； 2．公司 2026 年 1 月 15 日刊登于 ...