Core Viewpoint - The company is actively expanding its logistics operations, particularly in the Zhengzhou Airport area and the ASEAN region, with a focus on steady revenue growth from its existing business lines [1] Group 1: Business Operations - The subsidiary in Zhengzhou Airport District, Zhengzhou Xinning Logistics Co., Ltd., is engaged in warehousing logistics for new energy vehicle parts and consumer goods, with revenue showing consistent annual growth [1] - The bonded warehouse in the Pingxiang Comprehensive Bonded Zone is currently in the preparation stage and has not yet commenced operations [1] Group 2: Market Expansion - The company is committed to developing an air logistics corridor between China and ASEAN countries, aiming to facilitate air transportation services between these regions [1]

Core Insights - New Ning Logistics reported a revenue of 224 million yuan for the first half of 2025, representing a year-on-year decline of 8.2% [2] - The company's net profit attributable to shareholders improved from a loss of 16.95 million yuan in the same period last year to a loss of 0.9 million yuan, indicating a reduction in losses [2] - The net profit excluding non-recurring items also showed improvement, with a loss of 13.27 million yuan compared to a loss of 24.96 million yuan in the previous year [2] - Operating cash flow net amount was -33.05 million yuan, a significant decline of 4150.2% year-on-year [2] Business Overview - The main business of New Ning Logistics focuses on bonded warehousing for electronic components, providing integrated supply chain logistics services for the 3C electronics industry [2] - Despite a 5.6% year-on-year growth in the total social logistics volume nationwide, the company faced challenges due to fluctuations in the macroeconomic environment and adjustments in international trade policies, leading to a decline in revenue [2] - The termination of certain loss-making projects also negatively impacted revenue performance [2]

Core Viewpoint - New Ning Logistics reported a decline in total revenue and a significant improvement in net profit, indicating mixed financial performance for the first half of 2025 [1] Financial Performance Summary - Total revenue for the first half of 2025 was 224 million yuan, a decrease of 8.2% year-on-year [1] - Net profit attributable to shareholders was -900,900 yuan, an increase of 94.69% compared to the previous year [1] - In Q2 2025, total revenue was 113 million yuan, down 8.33% year-on-year, while net profit attributable to shareholders was -6.7 million yuan, up 55.4% year-on-year [1] Key Financial Ratios - Gross margin was 16.01%, a decrease of 19.28% year-on-year [1] - Net margin was -0.52%, an increase of 93.17% year-on-year [1] - Total expenses (selling, administrative, and financial) amounted to 55.33 million yuan, accounting for 24.72% of revenue, down 21.48% year-on-year [1] Balance Sheet Highlights - Cash and cash equivalents increased by 110.51% to 101 million yuan [1] - Accounts receivable decreased by 13.58% to 135 million yuan [1] - Interest-bearing debt decreased by 60.45% to 112 million yuan [1] Shareholder Metrics - Earnings per share was -0.00 yuan, an increase of 95.0% year-on-year [1] - Book value per share was 0.36 yuan, an increase of 204.14% year-on-year [1] - Operating cash flow per share was -0.06 yuan, a decrease of 3340.13% year-on-year [1] Investment Evaluation - The company's historical return on invested capital (ROIC) has been poor, with a median of -12.93% over the past decade [3] - The company has reported losses in 7 out of 15 annual reports since its listing, indicating a challenging investment outlook [3] - Current liquidity ratios show a rising short-term debt pressure, with a current ratio of 0.9 [1][3]

Group 1 - The core point of the article is that New Ning Logistics announced the convening of its 20th meeting of the 6th board of directors on August 26, 2025, to review the agenda including the "2025 Semi-Annual Report" and its summary [1] - For the first half of 2025, New Ning Logistics reported that its revenue composition was 100.0% from the service industry [1] Group 2 - The pet industry is experiencing significant growth, with a market size of 300 billion yuan, leading to a surge in stock prices for related listed companies [1]

Group 1 - The report indicates that Tianfeng Securities and Zhongyuan Securities have successfully completed their sponsorship duties for Henan Xinning Modern Logistics Co., Ltd, with no instances of failing to review information disclosure documents [1][2] - The company has established and effectively executed regulations to prevent related parties from occupying company resources, manage fundraising, and maintain internal controls [1][2] - The sponsorship institutions attended the company's shareholder meetings twice and board meetings three times, ensuring oversight and compliance with relevant documents [1][2] Group 2 - There were no significant issues identified during the sponsorship process, and no measures were required to address any problems [1][2] - The company and its shareholders have fulfilled their commitments without any unfulfilled obligations reported [1][2] - The report does not indicate any matters requiring attention or further action [1][2]

天风证券股份有限公司、中原证券股份有限公司 关于河南新宁现代物流股份有限公司 2025年半年度跟踪报告 | 保荐机构名称：天风证券股份有限公司、中原证券 | 被保荐公司简称：新宁物流 | | --- | --- | | 股份有限公司 | | | 保荐代表人姓名：霍玉瑛、胡慧芳 | 联系电话：027-87618889 | | 保荐代表人姓名：牛柯、王芳 | 联系电话：0371-86538237 | 一、保荐工作概述 三、公司及股东承诺事项履行情况 | | | 未履行承诺的 | | --- | --- | --- | | 公司及股东承诺事项 | 是否 | 原因及解决措 | | | 履行承诺 | 施 | | 1、关于避免同业竞争的承诺 | 是 | 不适用 | | --- | --- | --- | | 2、关于公司独立运作及关联交易的承诺 | 是 | 不适用 | | 3、2022年度向特定对象发行股票股份锁定承诺 | 是 | 不适用 | | 4、关于保持上市公司独立性的承诺 | 是 | 不适用 | | 5、关于规范关联交易的承诺 | 是 | 不适用 | | 6、关于填补被摊薄即期回报的措施及承诺 | 是 | 不适用 ...

Core Viewpoint - New Ning Logistics (300013.SZ) reported a decline in revenue and net profit for the first half of 2025, indicating potential challenges in its financial performance [1] Financial Performance - The company achieved operating revenue of 224 million yuan, representing a year-on-year decrease of 8.20% [1] - The net profit attributable to shareholders of the listed company was -900,900 yuan [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was -13.268 million yuan [1] - Basic earnings per share were -0.002 yuan [1]

证券代码：300013 证券简称：新宁物流 公告编号：2025-053 河南新宁现代物流股份有限公司 关于2025年半年度募集资金存放、管理与 使用情况的专项报告 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。 根据中国证监会发布的《上市公司募集资金监管规则》和深圳证券交 易所发布的《深圳证券交易所上市公司自律监管指引第 2 号——创业板上 市公司规范运作》等有关规定，现将河南新宁现代物流股份有限公司（以 下简称"公司"）2025 年半年度募集资金存放、管理与使用情况报告如下： 一、募集资金基本情况 2022 年 7 月 29 日，公司召开第五届董事会第三十二次会议，审议通 过了《关于公司符合向特定对象发行 A 股股票条件的议案》《关于公司向 特定对象发行 A 股股票方案的议案》《关于公司 2022 年向特定对象发行 A 股股票预案的议案》等与本次发行相关的议案。 2022 年 8 月 25 日，公司召开第五届董事会第三十五次会议，审议通 过了《关于公司 2022 年向特定对象发行 A 股股票预案（修订稿）的议案》 《关于公司向特定对象发行 A 股股票发行方案 ...

| 物流有限公司 | | | | | | | | | | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | 昆山新亘宁供应 | 全资子公司 | 其他应收款 | 397.64 | 145.83 | | 12.10 | 531.37 | 资金周转 | 经营性往来 | | 链有限公司 | | | | | | | | | | | 昆山新慧供应链 | 控股子公司 | 其他应收款 | 0.01 | 0.01 | | - | 0.02 | 资金周转 | 经营性往来 | | 管理有限公司 | | | | | | | | | | | 昆山新宁报关有 | 全资子公司 | 其他应收款 | - | 17.76 | | - | 17.76 | 资金周转 | 经营性往来 | | 限公司 | | | | | | | | | | | 昆山新宁物流有 | 全资子公司 | 其他应收款 | 2,434.00 | 809.00 | 57.70 | 3,300.70 | - | 资金周转 | 经营性往来 | | 限公司 | | | | | | | | | | | 南昌新辉宁 ...

一、监事会会议召开情况 河南新宁现代物流股份有限公司（以下简称"公司"）第六届监事会 第十六次会议于 2025 年 8 月 26 日在公司会议室以现场结合通讯方式召开。 会议通知已于 2025 年 8 月 15 日以电话、邮件或书面提交等方式送达。本 次会议应出席的监事 3 人，实际出席的监事 3 人。本次会议由监事会主席 刘冰女士召集和主持，会议的召开符合《公司法》和《公司章程》的规定。 二、监事会会议审议情况 证券代码：300013 证券简称：新宁物流 公告编号：2025-050 河南新宁现代物流股份有限公司 第六届监事会第十六次会议决议公告 本公司及监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。 -1- 1. 审议通过了《关于<2025 年半年度报告>及其摘要的议案》； 经审议，监事会通过了《2025 年半年度报告》及《2025 年半年度报 告摘要》。 况专项报告>的议案》。 经审议，监事会通过了《2025 年半年度募集资金存放、管理与使用 情况专项报告》。 监事会认为，公司编制的《2025 年半年度募集资金存放、管理与使 用情况专项报告》符合公司实际情况，公司 ...