Core Viewpoint - TianShun Co., Ltd. announced that its wholly-owned subsidiary, Hainan Tianyu, received a government subsidy of 44.39 million yuan from the Hainan Provincial Department of Transportation for air cargo operations in the first half of 2025, significantly impacting the company's financials [1] Financial Impact - The subsidy includes 44.2259 million yuan as a reward, which accounts for 495.99% of the latest audited net profit attributable to the shareholders of the listed company [1] - An additional 0.1655 million yuan is classified as "collection and payment on behalf of the company" [1] - The funds were transferred to the company on December 2 [1] Accounting Treatment - The subsidy is categorized as a government grant related to income and is associated with the company's regular activities, which has been used to offset related costs and expenses for the first half of the year [1] - The specific accounting treatment will be determined based on the audit results [1]

Core Insights - The logistics sector experienced a slight decline of 0.22% on November 26, with Huapengfei leading the drop [1] - The Shanghai Composite Index closed at 3864.18, down 0.15%, while the Shenzhen Component Index rose by 1.02% to 12907.83 [1] Stock Performance - Tian Shun Co. (002800) saw a significant increase of 10.03%, closing at 16.02 with a trading volume of 115,700 shares and a turnover of 181 million yuan [1] - Other notable gainers included ST Yuanshang (603813) with a 3.49% increase and ST Xuefa (002485) with a 3.23% increase [1] - Conversely, Huapengfei (300350) led the declines with a drop of 4.58%, closing at 7.09 with a trading volume of 634,600 shares and a turnover of 456 million yuan [2] Capital Flow - The logistics sector saw a net inflow of 47.53 million yuan from institutional investors, while retail investors contributed a net inflow of 14.24 million yuan [2] - However, there was a net outflow of 61.77 million yuan from speculative funds [2] Individual Stock Capital Flow - Shunfeng Holdings (002352) experienced a net inflow of 16.216 million yuan from institutional investors, while retail investors had a net outflow of 30.37 million yuan [3] - Tian Shun Co. (002800) had a net inflow of 61.97 million yuan from institutional investors, with a net outflow of 32.22 million yuan from speculative funds [3] - Hong Chuan Wisdom (002930) saw a net inflow of 27.68 million yuan from institutional investors, while retail investors had a net outflow of 15.45 million yuan [3]

Core Points - The Shanghai Composite Index is at 3869.21 points, slightly above the five-day moving average, with a change of -0.02% [1] - The total trading volume of A-shares today is 146.13 billion yuan [1] - A total of 832 A-shares have surpassed the five-day moving average, with notable stocks showing significant deviation rates [1] Summary by Category Stock Performance - Mingwei Electronics (688699) has the highest deviation rate at 15.61%, with a daily increase of 20.01% and a turnover rate of 6.03% [1] - Haitong Development (603162) and Qingshan Paper (600103) follow with deviation rates of 8.63% and 8.56%, respectively, both showing daily increases of over 9% [1] - Other notable stocks with significant daily increases include Xueqi Electric (001387) at 10.04% and Huashu Holdings (000509) at 10.11% [1] Deviation Rate Rankings - The top stocks with the highest deviation rates from the five-day moving average include: - Mingwei Electronics: 15.61% - Haitong Development: 8.63% - Qingshan Paper: 8.56% [1] - Additional stocks with notable performance include: - Xueqi Electric: 8.20% - Huashu Holdings: 8.16% [1]

Group 1 - The core point of the article is that Tian Shun Co., Ltd. announced a temporary board meeting to discuss external guarantees for its subsidiaries, with a focus on its logistics business, which constitutes 100% of its revenue for the first half of 2025 [1][1][1] - As of the report, Tian Shun Co., Ltd. has a market capitalization of 2.2 billion yuan [1][1][1] Group 2 - The company faced significant challenges as it was reported that its core product suffered a major blow due to its largest customer reducing purchases by opting for self-supply, resulting in a loss exceeding 100 million yuan shortly after its IPO [1][1][1]

证券代码：002800 证券简称：天顺股份 公告编号：2025-070 新疆天顺供应链股份有限公司 关于子公司对外担保的公告 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。 特别提示： 新疆天顺供应链股份有限公司（以下简称"公司"）全资子公司海南天宇航 空服务有限责任公司（以下简称"海南天宇"）拟为资产负债率超过 70%的公司 孙公司海南乾泰吉宇供应链管理服务有限责任公司（以下简称"海南乾泰吉宇"） 提供 1,000 万元保证担保。敬请广大投资者注意投资风险。 一、担保情况概述 为解决海南乾泰吉宇的经营资金需求，确保经营业务持续稳定发展，海南天 宇拟为海南乾泰吉宇在中国光大银行股份有限公司三亚分行所申请的额度为 1,000 万元综合授信业务提供最高额连带责任保证担保，综合授信期限三年。 新疆天顺供应链股份有限公司全资子公司海南天宇持有海南乾泰吉宇 100% 股权，海南乾泰吉宇为海南天宇的全资子公司。 2025 年 11 月 25 日，公司召开第六届董事会第六次临时会议，以 7 票同意、 0 票反对、0 票弃权，审议通过了《关于子公司对外担保的议案》，同意全资子 ...

证券代码：002800 证券简称：天顺股份 公告编号：2025-069 新疆天顺供应链股份有限公司 4、会议时间： 关于召开 2025 年第三次临时股东会的通知 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、召开会议的基本情况 1、股东会届次：2025 年第三次临时股东会 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。 6、会议的股权登记日：2025 年 12 月 05 日 7、出席对象： （1）在股权登记日持有公司股份的股东或其代理人。 本次股东会股权登记日为 2025 年 12 月 05 日（星期五），凡持有本公司股票，且于 2025 年 12 月 05 日下午收市时在中国证券登记结算有限责任公司深圳分公司登记在册的公 司全体股东均有权出席本次股东会，并可以以书面形式委托代理人出席会议和参加表决，该 股东代理人不必是本公司股东。 （2）公司部分董事及 ...

证券代码：002800 证券简称：天顺股份 公告编号：2025-068 新疆天顺供应链股份有限公司 第六届董事会第六次临时会议决议的公告 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、董事会会议召开情况 新疆天顺供应链股份有限公司（以下简称"公司"）第六届董事会第六次临 时会议于 2025 年 11 月 25 日北京时间 16：00 在乌鲁木齐经济技术开发区大连街 52 号公司四楼会议室以现场和视频相结合的方式召开，会议通知及材料于 2025 年 11 月 25 日以电子邮件及微信等方式送达全体董事，经全体董事同意，豁免本 次会议的通知时限。本次会议应参加表决的董事 7 名，实际参加表决的董事 7 名。会议由董事长丁治平先生主持，公司部分高级管理人员列席会议。本次会议 的召集、召开、表决程序均符合《中华人民共和国公司法》和《公司章程》等有 关规定，会议决议真实、合法、有效。 具体内容详见公司当日刊登于巨潮资讯网（http://www.cninfo.com.cn）上 的《关于召开 2025 年第三次临时股东会的通知》。 表决结果：同意【7】票，反对【0】票 ...

Core Points - The logistics sector experienced a decline of 1.32% on November 18, with Jushen Co. leading the drop [1] - The Shanghai Composite Index closed at 3939.81, down 0.81%, while the Shenzhen Component Index closed at 13080.49, down 0.92% [1] Summary by Category Stock Performance - Longzhou Co. (002682) saw a significant increase of 9.96%, closing at 7.84, with a trading volume of 1.2486 million shares and a turnover of 979 million [1] - Jiacheng International (603535) rose by 5.70%, closing at 11.68, with a trading volume of 310,400 shares and a turnover of 366 million [1] - Jushen Co. (001202) led the decline with a drop of 6.22%, closing at 16.14, with a trading volume of 130,400 shares and a turnover of 210 million [2] - Shentong Express (002468) fell by 5.87%, closing at 14.28, with a trading volume of 443,200 shares and a turnover of 634 million [2] Capital Flow - The logistics sector experienced a net outflow of 612 million from institutional investors, while retail investors saw a net inflow of 550 million [2][3] - Jiacheng International had a net inflow of 54.67 million from institutional investors, but a net outflow of 10.73 million from speculative funds [3] - Longzhou Co. had a net inflow of 46.14 million from institutional investors, with a net outflow of 63.63 million from speculative funds [3]

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 - Tian Shun Co., Ltd. announced the decision to dissolve its subsidiary, Xinjiang Bao Shun New Emerging Supply Chain Co., Ltd., due to strategic and business adjustments by the shareholders [1] Group 1: Company Actions - The company held a board meeting on July 28, 2021, where it approved the establishment of Xinjiang Bao Shun New Emerging Supply Chain Co., Ltd., with a 49% ownership stake [1] - On November 6, 2025, the company convened another board meeting to approve the dissolution of the subsidiary [1] - The decision to terminate operations was made through mutual agreement between the shareholders based on future strategic directions [1] Group 2: Related Parties - Hu Jianlin serves as a director of the company and also holds a directorial position at the subsidiary [1] - The dissolution of the subsidiary constitutes a related party transaction according to relevant regulations [1]