Core Viewpoint - The company experienced a significant decline in revenue and net profit in the first half of 2025, primarily due to reduced downstream demand in the industry, leading to lower rental rates and increased fixed costs impacting profitability [2]. Group 1: Financial Performance - In the first half of 2025, the company achieved an operating income of 590 million yuan, a decrease of 19.80% compared to the same period last year [2]. - The net profit attributable to shareholders was -12 million yuan, representing a decline of 109.20% year-on-year [2]. - Financial expenses decreased by 14.46% compared to the previous year, attributed to the repayment of bank loans and a reduction in borrowing rates [3]. Group 2: Debt and Cash Flow Management - The company issued a total of 670 million yuan in convertible bonds on July 17, 2020, which will mature on July 16, 2026 [4]. - As of the reporting period, the company had a cash balance of 614.82 million yuan and unused bank credit of 292.42 million yuan, indicating no immediate debt repayment pressure [4]. Group 3: Strategic Investments - In March 2025, the company co-invested to establish Huizhou Hongzhi Chemical Logistics Co., Ltd., holding a 51% stake, to provide comprehensive services for the chemical industry in the Guangdong-Hong Kong-Macao Greater Bay Area [5]. - The establishment of Huizhou Hongzhi is expected to fill a gap in the company's chemical warehouse business in the eastern part of the Greater Bay Area and create synergies with operations in Zhuhai [5]. Group 4: Subsidiary Performance - Fujian Port Energy achieved an operating income of 49.98 million yuan in the first half of 2025, an increase of 10.28% year-on-year, but reported a net loss of 19.97 million yuan, which is a reduction in losses by 7.47 million yuan compared to the previous year [6].

Group 1: Financial Performance - In the first half of 2025, the company achieved operating revenue of 590 million yuan, a decrease of 19.80% compared to the same period last year [2] - The net profit attributable to shareholders was -12 million yuan, down 109.20% year-on-year, primarily due to reduced downstream demand leading to lower rental rates and gross profit margins [2] - Financial expenses amounted to 106 million yuan, a decrease of 14.46% year-on-year, mainly due to repayment of bank loans and a decline in borrowing rates [3] Group 2: Debt and Cash Flow Management - The company has 670 million yuan of convertible bonds maturing in July 2026, with sufficient cash flow to meet repayment obligations, including available funds of 614.82 million yuan and unused bank credit of 292.42 million yuan [4] - There is no significant repayment pressure or default risk, and the company will continue to strengthen cash flow management and capital expenditure planning [4] Group 3: Strategic Investments - In March 2025, the company established Huizhou Hongzhi Chemical Logistics Co., Ltd., with a 51% ownership stake, to provide integrated services for hazardous chemical storage and logistics in a leading petrochemical industrial base [5] - The project aims to fill the gap in the company's chemical warehouse business in the eastern Guangdong-Hong Kong-Macao Greater Bay Area and create a synergistic network with existing storage bases [5] Group 4: Operational Developments - The Fujian Port Energy achieved operating revenue of 49.98 million yuan in the first half of 2025, a growth of 10.28% year-on-year, but reported a net loss of 19.97 million yuan, indicating a reduction in losses compared to the previous year [6] - The development of the Quanzhou Meizhou Bay petrochemical base is expected to increase storage demand for petrochemical products, providing a solid foundation for future operations [6]

| 证券代码：002930 | 证券简称：宏川智慧 | 公告编号：2025-104 | | --- | --- | --- | | 债券代码：128121 | 债券简称：宏川转债 | | 广东宏川智慧物流股份有限公司 关于"宏川转债"回售的提示性公告 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 1、投资者回售选择权：根据《广东宏川智慧物流股份有限公司 公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 的约定，"宏川转债"持有人可回售部分或者全部未转股的"宏川转 债"。"宏川转债"持有人有权选择是否进行回售，本次回售不具有 强制性。 2、回售价格：100.312 元/张（含息税） 3、回售条件触发日：2025 年 8 月 27 日 4、回售申报期：2025 年 9 月 12 日至 18 日 5、发行人资金到账日：2025 年 9 月 23 日 6、回售款划拨日：2025 年 9 月 24 日 1/6 9、在回售资金发放日之前，如持有的本期债券发生司法冻结或 划扣等情形，债券持有人的该笔回售申报业务失效。 10、风险提示：投资者选择回 ...

Core Points - The company announced a notice regarding the "Hongchuan Convertible Bonds" repurchase option for bondholders [1][2] - Bondholders have the right to choose whether to sell back part or all of their unconverted "Hongchuan Convertible Bonds" [11] Summary by Sections Repurchase Overview - The repurchase condition was triggered on August 27, 2025, as the company's stock price has been below 70% of the conversion price for 30 consecutive trading days [3][4] - The repurchase price is set at 100.312 RMB per bond (including interest and tax) [9][10] - The repurchase application period is from September 12 to September 18, 2025 [4][13] Repurchase Conditions - Bondholders can exercise their repurchase rights once during the last two interest years if the stock price condition is met [5][6] - The calculation of the accrued interest for the repurchase is based on a 2.0% annual interest rate for the current interest period [7][8] Repurchase Process and Payment - The company will announce the repurchase results and its impact after the repurchase period ends [14] - The payment dates are as follows: funds will be received by the company on September 23, 2025, and the repurchase funds will be allocated to investors on September 25, 2025 [14] Trading and Conversion During Repurchase Period - "Hongchuan Convertible Bonds" will continue to trade during the repurchase period but will suspend conversion [15]

| 证券代码：002930 | 证券简称：宏川智慧 | 公告编号：2025-103 | | --- | --- | --- | | 债券代码：128121 | 债券简称：宏川转债 | | 广东宏川智慧物流股份有限公司 关于"宏川转债"回售的提示性公告 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 1、投资者回售选择权：根据《广东宏川智慧物流股份有限公司 公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 的约定，"宏川转债"持有人可回售部分或者全部未转股的"宏川转 债"。"宏川转债"持有人有权选择是否进行回售，本次回售不具有 强制性。 2、回售价格：100.312 元/张（含息税） 3、回售条件触发日：2025 年 8 月 27 日 4、回售申报期：2025 年 9 月 12 日至 18 日 5、发行人资金到账日：2025 年 9 月 23 日 6、回售款划拨日：2025 年 9 月 24 日 7、投资者回售款到账日：2025 年 9 月 25 日 8、回售期内"宏川转债"暂停转股 1/6 9、在回售资金发放日之前，如持有的本期债券发 ...

据证券之星公开数据整理，近期宏川智慧（002930）发布2025年中报。截至本报告期末，公司营业总收 入5.9亿元，同比下降19.8%，归母净利润-1220.31万元，同比下降109.2%。按单季度数据看，第二季度 营业总收入2.67亿元，同比下降24.94%，第二季度归母净利润-3315.51万元，同比下降145.64%。本报告 期宏川智慧公司应收账款体量较大，当期应收账款占最新年报归母净利润比达115.39%。 本次财报公布的各项数据指标表现不尽如人意。其中，毛利率38.85%，同比减25.52%，净利率1.74%， 同比减91.27%，销售费用、管理费用、财务费用总计1.91亿元，三费占营收比32.34%，同比增11.11%， 每股净资产5.15元，同比减4.91%，每股经营性现金流0.84元，同比减17.22%，每股收益-0.03元，同比 减110.34% | 项目 | 2024年中报 | 2025年中报 | 同比增幅 | | --- | --- | --- | --- | | 营业总收入(元) | 7.36亿 | 5.9亿 | -19.80% | | 归母净利润(元) | 1.33亿 | -1220 ...

Core Insights - The company reported a revenue of 590 million yuan for the first half of 2025, facing short-term pressure due to industry demand fluctuations, but demonstrating resilience through strong core competitiveness and strategic foresight [1] - As a leading global provider of energy and chemical storage logistics services, the company's core business encompasses five major segments, including comprehensive services for terminal tanks and chemical warehousing logistics [1] Business Expansion and Network - The company's geographical layout advantages have deepened, focusing on core economic belts in East and South China, forming a network that links the Yangtze River and Pearl River regions, as well as multiple collaborations in the Bohai Rim and Chengdu-Chongqing economic circles [1] - The company has significant competitive barriers with operational tank capacity reaching 518.44 million cubic meters and chemical warehouse capacity at 12.53 million square meters, with a new chemical warehouse of 33,700 square meters in Changzhou completed and awaiting inspection [1] Value-Added Services - The value-added services segment has shown remarkable performance, becoming a new growth engine for the company, with revenue from smart customer service increasing by 112.25% year-on-year, providing secure and efficient cargo rights delivery services through an electronic trading system [2] - Revenue from hazardous chemical vehicle services grew by 10.45%, offering comprehensive support for hazardous chemical vehicles in the park [2] - The integration of services such as cargo storage and exchange, tank cleaning, and wastewater treatment with warehousing operations enhances customer loyalty and builds a differentiated competitive advantage [2] Financial Resilience - Despite short-term performance pressure, the company demonstrated strong operational resilience, with net cash flow from operating activities reaching 385 million yuan, indicating solid core business profitability [2]

每经AI快讯，宏川智慧（SZ 002930，收盘价：12.02元）8月29日发布公告称，公司第四届第十五次董 事会会议于2025年8月28日以通讯表决方式召开。会议审议了《关于为下属公司交割仓库资质提供担保 的议案》等文件。 2025年1至6月份，宏川智慧的营业收入构成为：仓储及中转综合服务占比94.73%，智慧客服服务占比 2.84%，其他业务占比0.95%，洗舱及污水处理服务占比0.76%，危化车辆公路港服务占比0.69%。 每经头条（nbdtoutiao）——申请超2万份，已开出41家，加盟海底捞，你要准备多少钱？1000万元不算 多，真实"账单"公布 （记者 张喜威） ...

格隆汇8月28日丨宏川智慧(002930.SZ)公布2025年半年度报告，上半年公司实现营业收入5.90亿元，同 比下降19.80%；归属于上市公司股东的净利润-1220.31万元；归属于上市公司股东的扣除非经常性损益 的净利润-1780.57万元；基本每股收益-0.03元。 ...

| 证券代码：002930 | 证券简称：宏川智慧 | 公告编号：2025-102 | | --- | --- | --- | | 债券代码：128121 | 债券简称：宏川转债 | | 广东宏川智慧物流股份有限公司 关于"宏川转债"回售的提示性公告 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 1、投资者回售选择权：根据《广东宏川智慧物流股份有限公司 公开发行可转换公司债券募集说明书》（以下简称"《募集说明书》"） 的约定，"宏川转债"持有人可回售部分或者全部未转股的"宏川转 债"。"宏川转债"持有人有权选择是否进行回售，本次回售不具有 强制性。 2、回售价格：100.312 元/张（含息税） 3、回售条件触发日：2025 年 8 月 27 日 4、回售申报期：2025 年 9 月 12 日至 18 日 5、发行人资金到账日：2025 年 9 月 23 日 6、回售款划拨日：2025 年 9 月 24 日 7、投资者回售款到账日：2025 年 9 月 25 日 8、回售期内"宏川转债"暂停转股 1/6 一、回售情况概述 1、有条件回售条款 在本次 ...