Meeting Overview - The company will hold its fourth extraordinary general meeting of shareholders in 2025 on December 1, 2025, at 14:30 [2][3] - The meeting will be conducted in a combined format of on-site voting and online voting [3] - The record date for shareholders to attend the meeting is November 24, 2025 [4] Attendance and Registration - All shareholders registered with the China Securities Depository and Clearing Corporation Limited as of the record date are entitled to attend and vote [4] - Shareholders can appoint proxies to attend the meeting and vote on their behalf [4] - Registration for attendance requires specific documentation depending on whether the shareholder is an individual or a legal entity [9][10] Voting Process - Online voting will be available through the Shenzhen Stock Exchange system on December 1, 2025, during specified time slots [2][20] - The voting code for ordinary shares is "362357" and the voting abbreviation is "富临投票" [17] - Votes will be counted separately for small and medium investors, defined as those who do not hold more than 5% of the company's shares [8] Meeting Agenda - The proposals for the meeting have been approved by the company's board of directors and will be disclosed in the meeting [7][8] - Ordinary resolutions will require a simple majority of votes from attending shareholders to pass [8] Contact Information - The company has provided contact details for inquiries related to the meeting [13][16]

Group 1 - The company is actively exploring and developing applications in the low-altitude logistics and unmanned logistics sectors [2] - In the low-altitude logistics field, the company plans to initially focus on scenic areas for low-altitude material transportation and emergency rescue services [2] - The unmanned logistics business is currently in the early exploration stage, with future developments to be disclosed in accordance with information disclosure regulations [2]

证券代码：002357 证券简称：富临运业 公告编号：2025-045 四川富临运业集团股份有限公司 关于召开 2025 年第四次临时股东会的提示性公告 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。 四川富临运业集团股份有限公司（以下简称"公司"）于 2025 年 11 月 15 日在 《证券时报》《证券日报》《上海证券报》《中国证券报》以及巨潮资讯网上刊登了《关 于召开 2025 年第四次临时股东会的通知》（公告编号：2025-043）。现将有关事项提 示如下： 一、召开会议的基本情况 1.股东会届次：2025 年第四次临时股东会 2.股东会的召集人：董事会 3.本次会议的召集、召开符合《中华人民共和国公司法》《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》等法律、行政法规、部门规章、规范性文件及《公司章程》的有关规定。 4.会议时间 （1）现场会议时间：2025 年 12 月 1 日 14:30 （2）网络投票时间：通过深圳证券交易所系统进行网络投票的具体时间为 2025 年 12 月 1 日 9 ...

Core Viewpoint - The company is actively exploring and developing low-altitude logistics and unmanned logistics application scenarios [1] Group 1: Low-altitude Logistics - The company plans to prioritize the development of low-altitude logistics by focusing on scenic areas for material transportation and emergency rescue services [1] Group 2: Unmanned Logistics - The company's unmanned logistics business is currently in the early exploration stage [1]

Core Viewpoint - The company, Fulian Transportation, is currently in the early investment and exploration phase of its long-term strategy involving autonomous driving, and it has not yet been selected as a pilot unit for autonomous ride-hailing by relevant national authorities [1] Group 1 - The company has confirmed that autonomous driving is part of its medium to long-term strategic layout [1] - The current status of the company's autonomous driving initiative is in the preliminary investment and exploration stage [1] - The company has not been included in the list of pilot units for autonomous ride-hailing published by national authorities [1]

Investment Rating - The transportation industry is rated as "Outperform" [2] Core Insights - Crude oil freight rates are rising while ocean freight rates are declining. The China Import Crude Oil Comprehensive Index (CTFI) reached 2325.40 points on November 20, up 4.2% from November 13. VLCC market activity remains strong, but overall market activity is expected to decline without actual cargo support [3][14] - Changlong Airlines has initiated its IPO process, and VOLANT has signed a confirmation order for the VE25-100 eVTOL aircraft with a state-owned investment group, with the order amount exceeding 100 million yuan [3][16] - The China-Europe Railway Express has surpassed 3500 trips this year, marking a historical high. A new "passenger-cargo-mail integration" model has been launched in cooperation between Rizhao Public Transport and SF Express [3][22] Summary by Sections Industry Hot Events - Crude oil freight rates are high while ocean freight rates are declining. The Shanghai port export price to Europe was $1367/TEU, down 3.5%, and to the US West and East Coast was $1645/FEU and $2384/FEU, down 9.8% and 8.3% respectively [3][15] - Changlong Airlines is preparing for its IPO, with a focus on expanding its operational capacity and market reach [3][16] - The China-Europe Railway Express has achieved a record of over 3500 trips this year, with a focus on high-value goods transportation [3][23] High-Frequency Data Tracking - The Baltic Air Freight Price Index has increased both month-on-month and year-on-year, indicating a positive trend in air freight pricing [4][28] - Domestic express delivery volume increased by 7.90% year-on-year in October 2025, with total express delivery volume reaching 176 billion pieces [4][50] - The national highway freight truck traffic increased by 2.57% week-on-week, indicating a recovery in road logistics [4][18] Investment Recommendations - Focus on the equipment and manufacturing export chain, recommending companies like COSCO Shipping, China Merchants Energy Shipping, and Huamao Logistics [5] - Attention to the low-altitude economy sector, with recommendations for CITIC Offshore Helicopter [5] - Investment opportunities in the road and rail sectors, recommending companies such as Gansu Expressway and Beijing-Shanghai High-Speed Railway [5]

Investment Highlights - Chengdu has been recognized again as an "Outstanding Park City" at the fifth Park City Forum, indicating a favorable environment for investment and development [1] - The advanced manufacturing sector saw four companies receiving investments this week, including Chengdu Huasheng New Display Optoelectronics Co., Ltd., which secured angel round financing for a total investment of 3 billion yuan for a new optical film project [2][3] - Chengdu Xinghuo Space Technology Co., Ltd. received Pre-A round financing from multiple investors, focusing on AI and satellite technology [2] - Chengdu Lintong Technology Co., Ltd. completed A round financing, specializing in aerospace and embedded systems [3] - Chengdu Huanxi Intelligent Technology Co., Ltd. completed its second round of financing this year, focusing on robotic perception technology [3] Biopharmaceutical Sector - Sichuan Mairidi Medical Technology Co., Ltd. announced the completion of several million yuan in angel round financing, aimed at developing a controllable high-load nuclear medicine project [4][5] - Sichuan Maikelong Biotechnology Co., Ltd. completed several million yuan in Pre-A+ round financing to accelerate technology development in microfluidic technology [5] Public Company Developments - Chengdu Kanopu Robotics Technology Co., Ltd. submitted a listing application to the Hong Kong Stock Exchange, focusing on industrial robot control systems [6][7] - NobiKan Technology (Chengdu) Co., Ltd. also submitted a listing application, specializing in AI and digital twin technologies [7] - Chengdu Dahongli Machinery Co., Ltd. completed a share transfer for financing, raising approximately 88 million yuan [8] - Sichuan Huiyuan Optical Communication Co., Ltd. announced a share issuance to optimize capital structure, aiming to raise up to 61 million yuan [8][9] New Fund Establishments - The Sichuan Deyang Oriental Zhongying Fuyao High-end Energy Equipment Equity Investment Fund was established with a scale of 1.5 billion yuan, targeting high-end energy equipment and industrial equipment sectors [16] Policy Initiatives - Chengdu released favorable policies for digital cultural and creative startups, including cash subsidies and support for operational costs, aimed at reducing entrepreneurial burdens [17][18]

Market Overview - The railway and highway sector experienced a decline of 1.21% on November 21, with Jiangxi Changyun leading the drop [1] - The Shanghai Composite Index closed at 3834.89, down 2.45%, while the Shenzhen Component Index closed at 12538.07, down 3.41% [1] Individual Stock Performance - Jiangxi Changyun saw a significant drop of 7.33%, closing at 6.70, with a trading volume of 89,100 shares and a transaction value of 61.79 million [2] - Other notable declines included Wuzhou Transportation down 7.01% to 3.98, and Fulian Yuanshan down 5.68% to 9.46 [2] - The highest trading volume was recorded for Jinghu High-speed Railway, with 1.5171 million shares traded, closing at 5.11, down 0.58% [1] Capital Flow Analysis - The railway and highway sector saw a net outflow of 404 million from institutional investors, while retail investors contributed a net inflow of 371 million [2][3] - The main stocks with significant capital inflows included Jinghu High-speed Railway with a net inflow of 21.17 million from institutional investors [3] - Conversely, stocks like Ningshu High-speed experienced a net outflow of 834,400 from institutional investors [3]

Core Viewpoint - The company Fu Lin Yun Ye (002357.SZ) has clarified that its subsidiary Zhao Yi Technology's products and software are not currently applied in the field of autonomous driving and that the company is not involved in the research and development of autonomous driving technology [1]. Group 1 - Zhao Yi Technology's main business includes the research, production, sales, and operation of GPS and Beidou system application products [3]. - The company has capabilities in developing GPS vehicle monitoring system software and designing hardware products widely used in vehicle terminals [3]. - There is no current application of Zhao Yi Technology's products in the autonomous driving sector [1].

富临运业11月20日在互动平台表示，子公司兆益科技的产品和软件目前暂未应用于无人驾驶领域。公司 目前暂未参与研发无人驾驶。 ...