Investment Rating - The transportation sector has shown a positive trend with a 3.2% increase in the transportation index, outperforming the Shanghai Composite Index by 1.5% during the week of July 19-25, 2025 [1][12]. Core Insights - The transportation sector's fund holdings increased to 32.5 billion yuan, a 17.0% rise compared to the previous quarter, with a market share of 1.95% [2]. - The express delivery segment saw a significant year-on-year growth of 15.8% in June, with SF Express leading the growth [2]. - The logistics sector is under pressure, particularly in hazardous materials logistics, but there is a push towards smart logistics, with Hai Chen Co. being recommended [3]. - The aviation sector is experiencing a steady recovery, with a 3% increase in domestic passenger volume in June compared to the previous year [4]. - The shipping sector is stabilizing, with the Baltic Dry Index (BDI) increasing by 10.9% week-on-week, indicating a positive trend in dry bulk shipping [5][34]. Summary by Sections Transportation Market Review - The transportation index rose by 3.2%, with the airport sector showing the highest increase of 5.6% [1][12]. Industry Fundamentals Tracking Shipping and Ports - The export container freight index (CCFI) was 1261.35 points, down 3.2% week-on-week and down 40.9% year-on-year [20]. - The domestic container freight index (PDCI) increased by 1.1% week-on-week, indicating a slight recovery in domestic shipping [28]. Aviation and Airports - The average daily flights reached 16,945, a 3.68% increase year-on-year, with domestic flights up by 2.51% [4]. - The introduction of a new ticket purchasing feature on the airline service platform is expected to enhance customer experience [4]. Rail and Road - National highway freight traffic increased by 0.67% week-on-week, with a year-on-year increase of 2.01% [6][76]. - The railway passenger volume in June was 373 million, a 3.61% increase year-on-year [73]. Express Delivery - The express delivery business volume reached 16.87 billion pieces in June, with a notable increase in the market share of SF Express [2][44].

Group 1 - Ruihu Mould achieved a net profit of 227 million yuan in the first half of 2025, a year-on-year increase of 40.33% [1] - The company reported an operating income of 1.662 billion yuan, representing a year-on-year growth of 48.3% [1] - The main business focuses on automotive manufacturing equipment and lightweight automotive components [1] Group 2 - Dongfang Fortune announced that shareholder Shen Yougen's inquiry transfer price is set at 21.66 yuan per share [1] - The transfer will not occur through centralized bidding or block trading, and the shares cannot be transferred within six months [1] - The company specializes in securities, financial e-commerce services, and financial data services [1] Group 3 - Yunnan Copper plans to purchase 40% of Liangshan Mining for 2.324 billion yuan through a share issuance [3] - The transaction involves issuing shares to the controlling shareholder and indirect controlling shareholder to raise matching funds [3] - The company is engaged in copper exploration, mining, smelting, and processing of precious and rare metals [3] Group 4 - Changchuan Technology reported a net profit of 427 million yuan in the first half of 2025, a year-on-year increase of 98.73% [15] - The company achieved an operating income of 2.167 billion yuan, reflecting a year-on-year growth of 41.8% [15] - The main business is focused on the research, production, and sales of integrated circuit equipment [15] Group 5 - ST Lingda reported a net loss of 105 million yuan in the first half of 2025, an improvement from a net loss of 168 million yuan in the same period last year [17] - The company achieved an operating income of 59.93 million yuan, a year-on-year increase of 72.39% [17] - The main business involves high-efficiency photovoltaic solar cells and photovoltaic power generation [17] Group 6 - Anning Co. plans to acquire 100% equity of three companies for 6.508 billion yuan through phased cash payments [14] - The acquisition aims to enhance resource reserves, business scale, market share, and profitability [14] - The company primarily engages in the mining, washing, and sales of vanadium-titanium magnetite [14] Group 7 - Huylv Ecological is planning a major asset restructuring, with stock suspension effective from July 22, 2025 [13] - The restructuring involves issuing shares and cash to acquire 49% equity of Wuhan Junheng Technology [13] - The company specializes in landscape engineering construction and design [13] Group 8 - ST Xifa is planning to acquire the remaining 50% equity of Lhasa Beer for cash, which will lead to full control of the company [26] - The transaction is in the planning stage and is expected to constitute a major asset restructuring [26] - The company is involved in the production and sales of beer [26]

珠海恒基达鑫国际化工仓储股份有限公司 关于子公司成为郑州商品交易所 丙烯指定交割仓库的公告 证券代码：002492 证券简称：恒基达鑫 公告编号：2025-028 特此公告。 珠海恒基达鑫国际化工仓储股份有限公司 董事会 二〇二五年七月二十二日 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 珠海恒基达鑫国际化工仓储股份有限公司（以下简称"公司"）于 2025 年 4 月 17 日召开第六届董事会第十三次会议，2025 年 5 月 15 日召 开 2024 年年度股东大会审议通过了《关于 2025 年度对外担保额度预计 的议案》，同意为子公司扬州恒基达鑫国际化工仓储有限公司（以下简 称"扬州公司"）向郑州商品交易所（以下简称"郑商所"）申请期货 指定交割仓库资质提供担保。 郑商所于 2025 年 7 月 18 日发布了《关于指定丙烯期货交割仓（厂） 库的公告》（〔2025〕71 号），明确扬州公司成为郑商所丙烯指定交割 仓库，自 2025 年 11 月第 16 个交易之日开展丙烯期货交割业务。 扬州公司成为郑商所丙烯期货指定交割仓库，将有助于巩固客户信 任度、 ...

证券代码：002492 证券简称：恒基达鑫 公告编号：2025-027 珠海恒基达鑫国际化工仓储股份有限公司 关于公司控股股东部分股份解除质押的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 二、其他情况说明 | 股东 | 是否为控股股东 | 本次解 除质押 | 占其所 | 占公司 | 是否 | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 或第一大股东及 | | 持股份 | 总股本 | 为限 | 起始日 | 解除日期 | 质权人 | | 名称 | | 数量 | | | | | | | | | 其一致行动人 | （万股） | 比例 | 比例 | 售股 | | | | | 珠海 | | | | | | | | 国金证券股 | | | 是 | 549 | 3.26% | 1.36% | 否 | 2023-6-15 | 2025-7-11 | | | 实友 | | | | | | | | 份有限公司 | | 合计 | - | 549 | 3.26% | 1.36% | - | ...

Core Viewpoint - The A-share logistics industry is experiencing a significant upward trend, with major companies like Shentong Express hitting the daily limit, and YTO Express rising over 9% [1] Industry Summary - As of July 9, the express delivery business volume in China has surpassed 1 trillion pieces this year [1]

证券代码：002492 证券简称：恒基达鑫 公告编号：2025-026 珠海恒基达鑫国际化工仓储股份有限公司 关于公司控股股东进行股份质押式回购交易的公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假记 载、误导性陈述或重大遗漏。 股东 名称 是否为控股股东 或第一大股东及 其一致行动人 本次质 押数量 （万股） 占其所 持股份 比例 占公司 总股本 比例 是否 为限 售股 是否为 补充质 押 质押 起始日 质押到期日 质权人 质押用途 珠海 实友 是 500 2.97% 1.23% 否 否 2025-7-7 至解除质押 登记日止 红塔证券股 份有限公司 自身生产 经营用 合计 - 500 2.97% 1.23% - - - - - - 1、本次股份质押基本情况 二、其他情况说明 截至本公告披露日，珠海实友所质押的公司股票不存在负有重大资 产重组等业绩补偿义务的情形，公司将持续关注珠海实友股票质押式回 购交易事宜的后续进展情况，并根据相关规定及时履行信息披露义务。 近日，珠海恒基达鑫国际化工仓储股份有限公司（以下简称"公司"） 接到控股股东珠海实友化工有限公司（以下简称"珠海实友"）的通 ...

Core Viewpoint - The company announces that the first employee stock ownership plan will expire on December 30, 2025, and provides details regarding the plan's current status and future arrangements [1][2]. Group 1: Employee Stock Ownership Plan Status - As of the announcement date, the employee stock ownership plan holds shares of the company [2]. - The plan's stock lock-up period was from December 31, 2015, to December 30, 2016 [3]. Group 2: Future Arrangements - The company plans to sell the shares held under the employee stock ownership plan through the stock exchange [2]. - The plan can be extended if two-thirds of the shareholders agree and submit the proposal to the board for approval [3]. Group 3: Plan Changes and Termination - Any changes to the employee stock ownership plan during its duration require approval from two-thirds of the shareholders [3]. - The plan will automatically terminate if a resolution is passed to that effect [3]. Group 4: Ongoing Monitoring - The company will continue to monitor the implementation of the employee stock ownership plan and fulfill its information disclosure obligations as required [3].

证券代码：002492 证券简称：恒基达鑫 公告编号：2025-025 珠海恒基达鑫国际化工仓储股份有限公司 关于公司第一期员工持股计划存续期即将届满的提示公告 本公司及董事会全体成员保证信息披露内容的真实、准确和完整，没有虚假 记载、误导性陈述或重大遗漏。 （3）自可能对本公司股票及其衍生品种交易价格产生较大影响 的重大事件发生之日或者进入决策程序之日至依法披露之日； 珠海恒基达鑫国际化工仓储股份有限公司（以下简称"公司"） 于2015年7月27日、2015年8月13日召开第三届董事会第十二次会议和 2015年第二次临时股东大会，审议通过了《公司第一期员工持股计划 （草案）》及摘要；于2022年12月23日召开第五届董事会第二十次会 议，审议通过了《关于延长公司第一期员工持股计划存续期的议案》 同意延长公司第一期员工持股计划存续期至2025年12月30日；具体详 见2015年7月28日、2015年8月14日、2022年12月24日刊登在公司指定 信息披露媒体和巨潮资讯网（www.cninfo.com.cn）上的相关公告内 容。 鉴于公司第一期员工持股计划（以下简称"本次员工持股计划"） 的存续期将于2025 ...

珠海恒基达鑫国际化工仓储股份有限公司 关于公司控股股东的一致行动人股份解除质押的公告 本公司及董事局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 性陈述或者重大遗漏。 证券代码：002492 证券简称：恒基达鑫 公告编号：2025-024 股东名称 是否为控股股东 或第一大股东及 其一致行动人 本次解除 质押数量 （万股） 占其所持 股份比例 占公司总 股本比例 是否为 限售股 起始日 解除日期 质权人 张辛聿 是 120 13.11% 0.30% 是 2020-7-27 2025-6-5 广发证券股 份有限公司 合计 - 120 13.11% 0.30% - - - - 1、本次解除质押基本情况 二、其他情况说明 近日，珠海恒基达鑫国际化工仓储股份有限公司（以下简称"公司"） 接到控股股东珠海实友化工有限公司（以下简称"珠海实友"）的一致 行动人张辛聿先生的通知，张辛聿先生所持有公司的股份解除质押，具 体情况如下： 一、控股股东的一致行动人股份解除质押基本情况 2、控股股东及其一致行动人股份累计质押基本情况 | 截至公告披露日，控股股东及其一致行动人所持质押股份情况如下： | | --- ...

证券代码：002492 证券简称：恒基达鑫 公告编号：2025-023 珠海恒基达鑫国际化工仓储股份有限公司 关于公司控股股东部分股份解除质押的公告 控股股东珠海实友化工有限公司保证向本公司提供的信息内容真实、准确、完 整，没有虚假记载、误导性陈述或重大遗漏。 本公司及董事会全体成员保证公告内容与信息披露义务人提供的信息一致。 近日，珠海恒基达鑫国际化工仓储股份有限公司（以下简称"公司"） 接到控股股东珠海实友化工有限公司（以下简称"珠海实友"）的通知， 珠海实友所持有公司的部分股份解除质押，具体情况如下： 一、控股股东股份质押基本情况 2、控股股东股份累计质押基本情况 注:"未质押股份限售和冻结数量"中的限售股份为高管锁定股。 股东 名称 是否为控股股东 或第一大股东及 其一致行动人 本次解 除质押 数量 （万股） 占其所 持股份 比例 占公司 总股本 比例 是否 为限 售股 起始日 解除日期 质权人 珠海 实友 是 530 3.15% 1.31% 否 2024-5-20 2025-5-20 海通证券股 份有限公司 合计 - 530 3.15% 1.31% - - - - 1、本次解除质押基本情况 截至公告 ...