Financial Performance - The company's operating revenue for Q3 2025 was ¥276,292,113.12, a decrease of 46.66% compared to the same period last year[5] - The net profit attributable to shareholders was -¥6,324,851.83, reflecting a decline of 162.10% year-on-year[5] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -¥5,600,110.69, down 202.65% from the previous year[5] - Total operating revenue for the current period is ¥781,928,058.59, a decrease of 22.67% compared to ¥1,011,207,009.73 in the previous period[22] - The net profit for the current period is a loss of ¥14,738,488.32, compared to a profit of ¥19,903,653.29 in the previous period, representing a significant decline[23] - The company’s total profit (loss) for the current period is -¥14,272,080.25, compared to ¥22,666,622.57 in the previous period[23] - The company’s operating profit (loss) is reported at -¥8,348,755.31, a decline from ¥25,759,224.27 in the previous period[23] Cash Flow - The cash flow from operating activities for the year-to-date was ¥115,077,787.77, an increase of 139.96%[5] - The cash flow from operating activities shows a net inflow of ¥115,077,787.77, contrasting with a net outflow of ¥287,968,148.19 in the previous period[25] - Investment activities resulted in a net cash outflow of ¥563,087.11, compared to a net outflow of ¥900,482.66 in the previous period[25] Assets and Liabilities - Total assets at the end of the reporting period were ¥1,033,748,974.77, a decrease of 10.01% from the end of the previous year[5] - The company's total liabilities decreased from CNY 620,696,281.89 to CNY 523,262,581.10, representing a reduction of about 15.7%[20] - The company's total equity decreased from CNY 527,987,407.64 to CNY 510,486,393.67, a reduction of about 3.3%[21] - The company’s cash and cash equivalents increased to CNY 144,078,766.90 from CNY 142,582,245.59, showing a slight increase of 1.05%[19] - Accounts receivable decreased significantly from CNY 513,803,592.74 to CNY 402,062,762.11, a decline of approximately 21.8%[19] Shareholder Information - The total number of ordinary shareholders at the end of the reporting period was 16,619[11] - The largest shareholder, Zhoushan Tianshun Equity Investment Co., Ltd., holds 43.25% of the shares, totaling 65,856,000 shares[11] Expenses and Financial Metrics - The company's basic and diluted earnings per share were both -¥0.0415, a decrease of 189.83% compared to the same period last year[5] - The weighted average return on equity was -1.24%, down 3.17% year-on-year[5] - Financial expenses increased by 147.97% to CNY 11,011,781.32, primarily due to higher loan interest[9] - The company experienced a significant increase in financial expenses, totaling ¥11,011,781.32, compared to ¥4,440,694.86 in the previous period[22] Investments and Subsidiaries - The company established a new wholly-owned subsidiary, Xinjiang Tianxin Supply Chain Co., Ltd., with an investment of CNY 1,000,000[16] - The registered capital of Hainan Qiantai Jiyu Supply Chain Management Service Co., Ltd. was increased from CNY 2,000,000 to CNY 10,000,000 through an investment of CNY 8,000,000[17] Other Financial Metrics - The company recognized government subsidies amounting to ¥333,841.28 during the reporting period, contributing to its financial performance[6] - The company's tax and additional charges decreased by 31.45% to CNY 1,951,642.79 due to reduced business volume during the reporting period[9] - Investment income rose by 43.53% to CNY 3,782,590.08, attributed to increased returns from associated enterprises[9] - Fair value changes resulted in a gain of CNY 388,925.68, a 156.73% increase year-on-year due to fluctuations in trading financial assets[9] - Credit impairment losses surged by 391.03% to CNY -9,029,368.14, reflecting higher provisions under accounting policies[9]

证券代码：002800 证券简称：天顺股份 公告编号：2025-061 新疆天顺供应链股份有限公司 关于累计诉讼、仲裁进展情况的公告 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、累计诉讼、仲裁事项的基本情况 公司将密切关注后续进展，并及时履行信息披露义务。公司指定的信息披 露媒体为《证券时报》和巨潮资讯网，所有信息均以在前述指定媒体上刊登的 公告为准。敬请各位投资者理性投资，注意投资风险。 特此公告 二、进展情况 2025 年 10 月 23 日，公司收到新疆维吾尔自治区乌鲁木齐市中级人民法院 通知，根据新疆维吾尔自治区乌鲁木齐市中级人民法院民事裁定书[（2024）新 01 协外认 1 号之三]的裁定决定，新疆维吾尔自治区乌鲁木齐市中级人民法院 划扣公司银行账户资金人民币 55,284,934.09 元。最终金额以法院出具的《结 案通知书》为准。 三、其他尚未披露的诉讼、仲裁事项 公司及控股子公司不存在其他应披露而未披露的重大诉讼、仲裁事项。 四、本次公告的诉讼、仲裁对公司本期利润或期后利润的可能影响 基于谨慎性原则，公司以前年度已对本次仲裁事项计提相 ...

Market Overview - On October 23, the logistics sector rose by 0.28% compared to the previous trading day, with Changjiang Investment leading the gains [1] - The Shanghai Composite Index closed at 3922.41, up 0.22%, while the Shenzhen Component Index closed at 13025.45, also up 0.22% [1] Stock Performance - Changjiang Investment (600119) closed at 9.63, with a gain of 7.12% and a trading volume of 402,400 shares, amounting to a transaction value of 391 million [1] - Other notable performers included Eastern Airlines Logistics (601156) with a 2.55% increase, and Wuchan Zhongda (600704) with a 2.35% increase [1] Fund Flow Analysis - The logistics sector experienced a net outflow of 20.51 million from institutional investors, while retail investors saw a net inflow of 116 million [2] - Major stocks like Changjiang Investment and Wuchan Zhongda had significant net inflows from retail investors, despite overall outflows from institutional and speculative funds [3] Individual Stock Insights - Changjiang Investment had a net inflow of 83.66 million from institutional investors, but a net outflow of 39.65 million from speculative funds [3] - Wuchan Zhongda also saw a net inflow of 70.94 million from institutional investors, with a net outflow of 25.73 million from speculative funds [3]

Core Viewpoint - Tian Shun Co., Ltd. has experienced a stock price decline of 2.01% on October 23, 2023, with a current price of 15.10 CNY per share, despite a year-to-date increase of 46.74% [1][2]. Financial Performance - For the first half of 2025, Tian Shun Co., Ltd. reported a revenue of 506 million CNY, reflecting a year-on-year growth of 2.51%, while the net profit attributable to shareholders was -6.35 million CNY, a decrease of 180.26% compared to the previous year [3]. - Cumulative cash dividends since the A-share listing amount to 44.27 million CNY, with 4.57 million CNY distributed over the last three years [4]. Stock Market Activity - The stock has been on the "Dragon and Tiger List" seven times this year, with the most recent appearance on August 12, 2023, where it recorded a net buy of -3.55 million CNY [2]. - As of October 23, 2023, the stock's trading volume was 37.56 million CNY, with a turnover rate of 1.76% and a total market capitalization of 2.299 billion CNY [1]. Shareholder Information - As of July 31, 2023, the number of shareholders decreased by 2.87% to 16,900, while the average circulating shares per person increased by 2.96% to 8,289 shares [3]. - By June 30, 2025, CITIC Prudential Multi-Strategy Mixed Fund (LOF) A has exited the top ten circulating shareholders [4]. Business Overview - Tian Shun Co., Ltd. is primarily engaged in third-party logistics for bulk and oversized goods, with its main revenue sources being international air logistics services (71.53%), third-party logistics (17.63%), and supply chain management (9.48%) [2]. - The company is classified under the transportation and logistics industry, specifically in road freight, and is associated with concepts such as the China-Europe Railway Express and Western Development [2].

Core Viewpoint - The logistics sector experienced a decline of 1.6% on October 17, with major stocks like Huaguang Yuanhai leading the drop, while the Shanghai Composite Index fell by 1.95% and the Shenzhen Component Index decreased by 3.04% [1][2]. Group 1: Market Performance - The logistics sector's stocks showed mixed performance, with YD Holdings rising by 10.03% to close at 9.76, while Huami Yuanhai fell by 5.74% to 26.58 [1][2]. - The trading volume for YD Holdings was 542,900 shares, with a transaction value of 525 million yuan, indicating strong investor interest [1]. - The overall market saw significant declines, with the Shanghai Composite Index closing at 3839.76 and the Shenzhen Component Index at 12688.94 [1]. Group 2: Capital Flow - The logistics sector experienced a net outflow of 658 million yuan from institutional investors, while retail investors saw a net inflow of 471 million yuan [2][3]. - Notable stocks like Xiamen Guomao and Jianda Co. had varying net inflows and outflows, with Xiamen Guomao seeing a net inflow of 15.31 million yuan from institutional investors [3]. - The overall capital flow indicates a shift in investor sentiment, with retail investors showing more confidence compared to institutional investors [2][3].

证券代码：002800 证券简称：天顺股份 公告编号：2025-060 新疆天顺供应链股份有限公司 关于股东股份质押的公告 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。 新疆天顺供应链股份有限公司（以下简称"公司"）近日接到公司股东胡 晓玲女士的通知，获悉胡晓玲女士所持有本公司的股份被质押，具体事项如下： 一、股东股份质押的基本情况 | 1.本次股份质押基本情况 | | --- | | | 是否 | | | | 是否 | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 为控 股股 | | | | 为限 售股 | 是 | | | | | | | 东或 | 本次质押 | 占其所 | 占公司 | （如 | 否 为 | | | | | | 股东 | 第一 | 数量 | 持股份 | 总股本 | 是， | 补 | 质押 | 质押 | 质权人 | 质押 | | 名称 | 大股 | （股） | 比例 | 比例 | 注明 | 充 | 起始日 | 到期日 | | ...

Core Viewpoint - The announcement reveals that shareholder Ms. Hu Xiaoling has pledged 5.8803 million shares of the company, representing 100% of her holdings and 3.86% of the total share capital of the company [1] Summary by Relevant Sections - **Pledge Details** - Ms. Hu Xiaoling has pledged 5.8803 million shares, which is 100% of her holdings [1] - The pledged shares account for 3.86% of the company's total share capital [1] - The pledge initiation date is set for September 30, 2025 [1] - The purpose of the pledge is for production and operation [1] - The pledgee is Anhui Lintong Logistics Co., Ltd. [1] - **Financial Obligations** - There are no significant asset restructuring burdens or performance compensation obligations associated with this pledge [1]

Group 1 - The stock price of Tian Shun Co., Ltd. (002800) closed at 14.68 yuan on September 19, 2025, with an increase of 0.55% and a turnover rate of 4.6% [1] - The trading volume was 64,400 shares, with a total transaction amount of 95.95 million yuan [1] - On September 19, the net inflow of main funds was 5.49 million yuan, indicating increased short-term attention from major investors [3] Group 2 - The company received a government subsidy of 6.375 million yuan from Xinjiang Airport Group, which accounts for 71.49% of the latest audited net profit attributable to shareholders [2] - The subsidy is related to the 2024 international cargo route and has already been received, intended to offset related costs [2][3] - The accounting treatment of this subsidy will be confirmed by the annual audit results [2]

Group 1 - Fuchun Dyeing and Weaving's controlling shareholders plan to reduce their holdings by a total of 1% of the company's shares, amounting to a maximum of 194.07 million shares [1] - Yaoshi Technology's shareholder plans to reduce holdings by up to 1% of the company's shares, totaling 232.96 million shares [1][2] - Fucai Technology's shareholder plans to transfer 170 million shares, representing 2.0038% of the company's total shares [3] Group 2 - Xiangxia Precision plans to invest 30 million yuan in a joint investment fund, representing 35.09% of the total subscription amount [4] - Anhui Heli intends to acquire 51% of Jianghuai Heavy Industry for 274 million yuan, which will be included in the company's consolidated financial statements [5] - Jida Zhengyuan's shareholder plans to reduce holdings by up to 3% of the company's shares, totaling 565.2 million shares [6] Group 3 - Hanyu Group plans to invest 10 million yuan in the Tianwei Fund, representing 45.43% of the total investment [7] - Tianshun Co. received a government subsidy of 6.375 million yuan, accounting for 71.49% of the company's latest audited net profit [8] - Hongfuhan's vice chairman plans to reduce holdings by up to 0.87% of the company's shares, totaling 77.63 million shares [9] Group 4 - Yunda Co. reported August express service revenue of 4.119 billion yuan, a year-on-year increase of 5.16% [10] - Feile Audio announced no plans to enter the lithography machine field [11] - Xidamen's controlling shareholder plans to reduce holdings by up to 15.7 million shares, representing 0.0821% of the company's total shares [12] Group 5 - Jian Sheng Group plans to invest in a new project in Vietnam with a total investment of 180 million yuan [13] - Yunnan Tourism's cooperation with Zhejiang Humanoid Robot Innovation Center is still in the early stages [14] - Fengcai Technology's shareholder plans to reduce holdings by up to 3% of the company's shares, totaling 341.76 million shares [16] Group 6 - Jinfat Technology has a penetration holding ratio of 0.32% in Yushu Technology [18][19] - Nanjing Public Utility terminated the cash acquisition of 68% of Yiguang Technology due to failure to reach an agreement [20] - Peking University Medicine plans to donate 3 million yuan to the Capital Medical University Education Foundation [21] Group 7 - Qin'an Co. is negotiating to purchase equity in Yigao Optoelectronics for cash [22] - Jinxin Co.'s major shareholder plans to reduce holdings by up to 1% of the company's shares, totaling 662.15 million shares [23] - Capital Online's two shareholders plan to transfer a total of 5.02% of the company's shares, amounting to 25.2076 million shares [24][25]

Core Viewpoint - Tian Shun Co., Ltd. has received a subsidy of 6.375 million yuan from Xinjiang Airport Group for the year 2024, aimed at supporting international cargo routes [1] Company Summary - Tian Shun Co., Ltd. announced the receipt of a subsidy amounting to 6.375 million yuan from Xinjiang Airport Group [1]