Market Overview - The logistics sector experienced a decline of 0.92% on November 17, with *ST Yuan Shang leading the drop [1] - The Shanghai Composite Index closed at 3972.03, down 0.46%, while the Shenzhen Component Index closed at 13202.0, down 0.11% [1] Stock Performance - Notable gainers in the logistics sector included: - Longzhou Co., Ltd. (002682) with a closing price of 7.13, up 10.03% [1] - *ST Haiqin (600753) with a closing price of 8.40, up 5.00% [1] - Tiens Group (002800) with a closing price of 16.12, up 4.00% [1] - Conversely, *ST Yuan Shang (603813) saw a significant decline of 5.00%, closing at 35.88 [2] Trading Volume and Capital Flow - The logistics sector recorded a net outflow of 319 million yuan from institutional investors, while retail investors saw a net inflow of 222 million yuan [2] - The trading volume for Longzhou Co., Ltd. reached 45,700 hands with a transaction value of approximately 32.6 million yuan [1] Individual Stock Capital Flow - Key capital flows for selected stocks included: - Longzhou Co., Ltd. (002682) had a net inflow of 12.36 million yuan from institutional investors, representing 37.92% of its total trading [3] - Tiens Group (002800) saw a net inflow of 11.51 million yuan, accounting for 5.96% of its trading [3] - *ST Haiqin (600753) experienced a net inflow of 5.56 million yuan, representing 6.99% of its trading [3]

Core Viewpoint - Hengji Daxin's stock price has shown significant volatility, with a year-to-date increase of 77.04%, but a recent decline of 9.69% over the past five trading days [1] Group 1: Stock Performance - As of November 14, Hengji Daxin's stock price was 8.48 CNY per share, with a market capitalization of 3.434 billion CNY [1] - The stock has experienced a trading volume of 44.19 million CNY, with a turnover rate of 1.32% [1] - The stock has been on the "龙虎榜" (a trading list for stocks with significant trading activity) once this year, with the latest appearance on November 12, where it recorded a net buy of -65.74 million CNY [1] Group 2: Financial Performance - For the period from January to September 2025, Hengji Daxin reported a revenue of 260 million CNY, a year-on-year decrease of 1.34% [2] - The net profit attributable to the parent company for the same period was 52.81 million CNY, reflecting a year-on-year decrease of 5.20% [2] - The company has distributed a total of 263 million CNY in dividends since its A-share listing, with 89.07 million CNY distributed over the past three years [3] Group 3: Business Overview - Hengji Daxin, established on November 7, 2000, operates in the logistics and warehousing sector, focusing on the handling, storage, and transportation of bulk liquid petrochemical products [2] - The company's revenue composition includes 45.82% from storage, 34.87% from handling/terminal operations, and 15.79% from other services [2] - The company is categorized under the transportation and logistics industry, with concepts including small-cap stocks, oil and gas storage, and smart logistics [2]

Core Viewpoint - 恒基达鑫 experienced a significant drop, hitting the daily limit down with a trading volume of 2.64 billion yuan and a turnover rate of 7.68% [1] Trading Performance - The stock's daily decline was recorded at -9.61%, leading to its inclusion on the Shenzhen Stock Exchange's watchlist [1] - The stock exhibited a trading amplitude of 11.11% throughout the day [1] Institutional Activity - Institutions net sold a total of 504.29 million yuan, with a combined net sell from brokerage seats amounting to 5163.35 million yuan [1] - The top five trading departments accounted for a total transaction volume of 1.40 billion yuan, with buying transactions at 418.83 million yuan and selling transactions at 985.60 million yuan, resulting in a net sell of 566.76 million yuan [1] Fund Flow - The stock saw a net outflow of main funds amounting to 467.75 million yuan, with large single orders contributing to a net outflow of 345.78 million yuan and large orders contributing to 121.98 million yuan [1] - Over the past five days, the net outflow of main funds reached 645.84 million yuan [1] Detailed Trading Data - The top buying and selling departments included various institutional seats, with notable transactions such as: - Buy one: 华宝证券 with 993.19 million yuan bought and 5.27 million yuan sold - Sell one: 国联民生证券 with 6.47 million yuan bought and 4712.23 million yuan sold [1]

Market Overview - The logistics sector experienced a slight decline of 0.03% on November 12, with Hengji Daxin leading the drop. The Shanghai Composite Index closed at 4000.14, down 0.07%, while the Shenzhen Component Index closed at 13240.62, down 0.36% [1]. Stock Performance - Notable gainers in the logistics sector included: - *ST Yuanshang: Closed at 37.87, up 4.99% with a trading volume of 11,300 lots and a turnover of 42.46 million yuan - Pulutong: Closed at 10.49, up 3.66% with a trading volume of 257,300 lots and a turnover of 267 million yuan - Longzhou Co.: Closed at 5.35, up 3.28% with a trading volume of 636,300 lots and a turnover of 336 million yuan [1]. - Conversely, significant decliners included: - Gezhenda: Closed at 8.37, down 10.00% with a trading volume of 305,700 lots and a turnover of 264 million yuan - Chuanhua Zhili: Closed at 6.39, down 3.03% with a trading volume of 660,400 lots and a turnover of 42.5 million yuan - Furande: Closed at 14.20, down 2.87% with a trading volume of 79,200 lots and a turnover of 113 million yuan [2]. Capital Flow - The logistics sector saw a net outflow of 135 million yuan from institutional investors, while retail investors contributed a net inflow of 6.94 million yuan. Speculative funds recorded a net inflow of 128 million yuan [2]. Individual Stock Capital Flow - Key stocks with significant capital flow included: - Longzhou Co.: Net inflow of 28.39 million yuan from institutional investors, with a net outflow of 48.88 million yuan from retail investors [3]. - Shunfeng Holdings: Net inflow of 22.99 million yuan from institutional investors, with a net outflow of 20.90 million yuan from retail investors [3]. - Yongtaiyun: Net inflow of 17.62 million yuan from institutional investors, with a net outflow of 20.97 million yuan from retail investors [3].

Core Viewpoint - The Shanghai Composite Index decreased by 0.21% today, with significant declines in the electric equipment sector, which saw the largest drop of 2.31% [2] Industry Performance Summary - The oil and petrochemical sector led the gains with an increase of 1.27%, followed by the banking sector at 1.10% and the comprehensive sector at 1.01% [2] - The electric equipment sector experienced the largest decline at 2.31%, followed by the defense and military industry at 1.70% and the computer sector at 1.28% [2] - A total of 1513 stocks rose, with 65 hitting the daily limit up, while 3819 stocks fell, including 10 hitting the daily limit down [2] Trading Volume and Value - The total trading volume reached 1,081 million shares, with a total transaction value of 15,923.01 billion yuan, reflecting a decrease of 1.61% compared to the previous trading day [2]

Core Viewpoint - The logistics sector experienced a decline of 0.42% on November 11, with ST Xuefa leading the losses, while the Shanghai Composite Index closed at 4002.76, down 0.39% [1]. Group 1: Market Performance - The logistics sector's individual stock performance showed mixed results, with notable gainers including ST Yuanshang (+5.01%) and Chuanhua Zhili (+4.77%), while ST Xuefa fell by 5.07% [1][2]. - The trading volume for Chuanhua Zhili reached 1.31 million shares, with a transaction value of 857 million yuan, indicating strong market interest [1]. Group 2: Capital Flow - The logistics sector saw a net outflow of 356 million yuan from institutional investors, while retail investors contributed a net inflow of 374 million yuan [2]. - The capital flow data indicates that while institutional investors withdrew funds, retail investors were actively buying into the sector [2][3]. Group 3: Individual Stock Analysis - ST Xuefa had a significant drop in share price, closing at 4.68 yuan with a trading volume of 202,900 shares and a transaction value of 96.83 million yuan [2]. - Other notable declines included Yunda Holdings (-0.66%) and China Foreign Trade (-1.55%), reflecting a broader trend of selling pressure in the logistics sector [2].

Core Insights - The logistics sector experienced a rise of 1.44% on November 10, with *ST Yuanshang leading the gains [1] - The Shanghai Composite Index closed at 4018.6, up 0.53%, while the Shenzhen Component Index closed at 13427.61, up 0.18% [1] Stock Performance - *ST Yuanshang (603813) closed at 34.35, up 5.01% with a trading volume of 15,300 [1] - Guanghui Logistics (600603) closed at 7.80, up 3.59% with a trading volume of 288,600 [1] - Xiamen Xiangyu (600057) closed at 8.70, up 3.33% with a trading volume of 361,800 [1] - Jianshe Co. (600153) closed at 10.56, up 3.12% with a trading volume of 357,800 [1] - Milkewei (603713) closed at 61.84, up 3.00% with a trading volume of 29,200 [1] - Shentong Express (002468) closed at 15.54, up 2.57% with a trading volume of 247,800 [1] - Chuanhua Zhili (002010) closed at 6.29, up 2.44% with a trading volume of 415,600 [1] - YTO Express (600233) closed at 16.85, up 2.12% with a trading volume of 149,200 [1] - *ST Haiqin (600753) closed at 7.78, up 2.10% with a trading volume of 29,500 [1] - SF Holding (002352) closed at 40.80, up 2.05% with a trading volume of 362,500 [1] Capital Flow - The logistics sector saw a net inflow of 84.64 million yuan from main funds, while retail funds experienced a net outflow of 100 million yuan [2] - Retail investors contributed a net inflow of 15.74 million yuan [2] Individual Stock Capital Flow - SF Holding (002352) had a main fund net inflow of 1.15 million yuan, with retail net inflow of 15.41 million yuan [3] - Chuanhua Zhili (002010) saw a main fund net inflow of 28.29 million yuan, but retail funds had a net outflow of 13.33 million yuan [3] - Shanghai Yashi (603329) experienced a main fund net inflow of 20.30 million yuan, with a retail net outflow of 14.06 million yuan [3] - Guanghui Logistics (600603) had a main fund net inflow of 9.01 million yuan, with retail net outflow of 7.86 million yuan [3]

Core Points - Hengji Daxin has completed the registration procedures for changes in its business address and scope of operations, and has obtained a new business license approved by the Zhuhai Market Supervision Administration [2] Group 1 - The company has successfully updated its business registration information [2] - The new business license has been issued by the relevant regulatory authority [2]

一、基本情况 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 9 月 4 日召开第六届董事会第十七次会议，审议通过了《关于修订〈公 司章程〉及相关议事规则的议案》，该议案已于 2025 年 9 月 23 日经公司 2025 年第二次临时股东大会审议通过。具体内容详见公司分别于 2025 年 9 月 6 日、2025 年 9 月 24 日在巨潮资讯网（www.cninfo.com.cn）披露的《第 六届董事会第十七次会议决议公告》（公告编号：2025-036）、《2025 年 第二次临时股东大会决议公告》（公告编号：2025-039）及《公司章程》 （2025 年 9 月）、《章程修订对照表》。 二、工商变更登记情况 目前，公司已完成公司住所、经营范围等工商信息变更登记手续，并 取得珠海市市场监督管理局核准换发的《营业执照》。现将相关信息公告 如下： 公司名称：珠海恒基达鑫国际化工仓储股份有限公司 统一社会信用代码：9144040072510822XR 证券代码：002492 证券简称：恒基达鑫 公告编号：2025-043 珠海恒基达鑫国际化工仓储股份有限公司 关于完成工商变更登记并换 ...

Core Viewpoint - Hengji Daxin, established in 2000 and listed in 2010, is a significant player in the petrochemical logistics sector, providing comprehensive services across the supply chain [1] Group 1: Business Performance - In Q3 2025, Hengji Daxin reported revenue of 260 million yuan, ranking 6th among 6 companies in the industry, significantly lower than the top performer, Sinotrans Limited, which had 47.787 billion yuan [2] - The company's net profit for Q3 2025 was 53.9912 million yuan, placing it 5th in the industry, with the leader, Milkyway, reporting 622 million yuan [2] Group 2: Financial Ratios - As of Q3 2025, Hengji Daxin's debt-to-asset ratio was 24.69%, an increase from 19.76% year-on-year, but still below the industry average of 44.24% [3] - The gross profit margin for Q3 2025 was 44.20%, down from 47.70% year-on-year, yet higher than the industry average of 24.94% [3] Group 3: Executive Compensation - The chairman, Wang Qingyun, received a salary of 648,500 yuan in 2024, a decrease of 78,500 yuan from 2023 [4] - The general manager, Zhang Xinyu, earned 605,300 yuan in 2024, down 115,600 yuan from the previous year [4] Group 4: Shareholder Information - As of September 30, 2025, the number of A-share shareholders decreased by 25.13% to 16,400, while the average number of circulating A-shares held per account increased by 33.56% to 24,200 [5]