Company Overview - Huapengfei Co., Ltd. is located in Shenzhen, Guangdong Province, and was established on November 15, 2000. The company was listed on August 21, 2012. Its main business includes IoT operation services, logistics services, and financial services [1]. - The revenue composition of Huapengfei is as follows: domestic comprehensive logistics services account for 71.14%, international logistics services 27.45%, and other services 1.41% [1]. Stock Performance - On November 17, Huapengfei's stock price increased by 2.21%, reaching 6.93 CNY per share, with a trading volume of 87.99 million CNY and a turnover rate of 2.71%. The total market capitalization is 3.895 billion CNY [1]. - Year-to-date, Huapengfei's stock price has risen by 28.33%, with a 5-day increase of 5.48%, a 20-day increase of 7.61%, and a 60-day increase of 6.29% [1]. - The company has appeared on the "Dragon and Tiger List" once this year, with the most recent appearance on April 22, where it recorded a net purchase of 123 million CNY [1]. Financial Performance - For the period from January to September 2025, Huapengfei achieved an operating income of 307 million CNY, representing a year-on-year growth of 20.36%. However, the net profit attributable to the parent company was 5.038 million CNY, a decrease of 77.62% year-on-year [2]. - Since its A-share listing, Huapengfei has distributed a total of 40.8533 million CNY in dividends, with no dividends distributed in the last three years [3]. Shareholder Information - As of September 30, Huapengfei had 39,200 shareholders, an increase of 3.70% from the previous period. The average number of circulating shares per shareholder is 12,044, a decrease of 3.57% from the previous period [2].

Group 1: Company Overview and Strategy - Huapengfei Co., Ltd. focuses on core business development while maintaining an open attitude towards investment opportunities that align with long-term strategic goals [2] - The company aims to explore areas related to logistics that can synergize with its main business for sustainable value growth [3] Group 2: Financial Performance - As of September 30, the company reported a revenue of 307 million CNY, a 19.92% increase from 256 million CNY in the same period last year, indicating strong business growth [3] - Domestic logistics has a higher gross margin compared to international logistics, reflecting a more mature and efficient operation in the domestic market [4] Group 3: TIR Business Development - The TIR business is currently in the investment phase, with expectations of growth as the business model matures and operational experience accumulates [3] - As of September 2025, there are 249 certified TIR operators in China, with the company being one of them, indicating a competitive position in the market [4] Group 4: Future Growth and Market Focus - The company plans to emphasize the development of international logistics while optimizing existing domestic logistics operations [4] - The international logistics business primarily serves manufacturing clients and export traders, with a focus on direct customer service and expanding cross-border consolidation services [5] Group 5: Accounts Receivable Management - The company maintains a healthy structure for accounts receivable, primarily concentrated within one year, and has established a robust tracking system for payment collection [4] - Measures are in place to minimize bad debt losses, including legal actions for significant overdue accounts, ensuring financial health and efficient capital turnover [4]

Core Points - The company Huapengfei announced on November 6 that its controlling shareholder and actual controller, Mr. Zhang Jingyu, has completed the stock pledge release process at Shenzhen High-tech Investment Guarantee Co., Ltd. [2] - The number of shares released from pledge includes 17,100,000 shares and 5,700,000 shares [2]

华鹏飞股份有限公司 关于公司控股股东、实际控制人部分股票解除质押的公告 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。 华鹏飞股份有限公司（以下简称"公司"）于2025年11月6日接到公司控股 股东、实际控制人张京豫先生的通知，获悉张京豫先生已将其持有的公司部分股 份于2025年11月5日办理了股票解除质押手续，并向中国证券登记结算有限责任 公司深圳分公司办理了解除质押登记，具体事项如下： 一、股东股份解除质押的基本情况 | 股东 名称 | 是否为控股 股东或第一 大股东及其 | 本次解除质 押数量（股） | 占其所持 股份比例 | 占公司 总股本 | | 质押起始 日 | | | 解除质押 日期 | | 质权人 | | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | | | 一致行动人 | | | 比例 | | | | | | | | | 张京豫 | 是 | 17,100,000 | 19.35% | 3.04% | 2024 | 年 10 | 月 日 18 | ...

Market Overview - The logistics sector increased by 0.36% on November 6, with ST Xuefa leading the gains [1] - The Shanghai Composite Index closed at 4007.76, up 0.97%, while the Shenzhen Component Index closed at 13452.42, up 1.73% [1] Top Gainers in Logistics Sector - ST Xuefa (002485) closed at 4.94, up 5.11% with a trading volume of 89,700 shares and a turnover of 44.11 million yuan [1] - *ST Yuanshang (603813) closed at 31.15, up 4.95% with a trading volume of 9,205 shares and a turnover of 27.98 million yuan [1] - Jiayou International (603871) closed at 14.54, up 3.64% with a trading volume of 128,200 shares and a turnover of 186 million yuan [1] Top Losers in Logistics Sector - Xiamen Xiangyu (600057) closed at 8.39, down 3.12% with a trading volume of 489,700 shares and a turnover of 409 million yuan [2] - Huami Duhai (920351) closed at 26.55, down 2.82% with a trading volume of 23,000 shares and a turnover of 6.14 million yuan [2] - Changjiang Investment (600119) closed at 8.74, down 2.78% with a trading volume of 75,400 shares and a turnover of 6.60 million yuan [2] Capital Flow in Logistics Sector - The logistics sector experienced a net outflow of 94.34 million yuan from institutional investors, while retail investors saw a net inflow of 65.24 million yuan [2] - The main stocks with significant net inflows included SF Holding (002352) with 64.23 million yuan and Shanghai Yashi (603329) with 23.05 million yuan [3] Detailed Capital Flow Analysis - SF Holding (002352) had a main net inflow of 64.23 million yuan, but retail and speculative investors saw net outflows of 33.92 million yuan and 30.31 million yuan respectively [3] - Shanghai Yashi (603329) had a main net inflow of 23.05 million yuan, with retail investors experiencing a net outflow of 19.25 million yuan [3] - New Ning Logistics (300013) recorded a main net inflow of 18.31 million yuan, while retail investors had a net outflow of 12.91 million yuan [3]

Core Viewpoint - Huapengfei (300350.SZ) reported a revenue of 307 million yuan for the first three quarters of 2025, reflecting a year-on-year growth of 20.36% [1] Financial Performance - The net profit attributable to shareholders of the listed company was 5.0381 million yuan, a year-on-year decrease of 77.62% [1] - The net profit attributable to shareholders after deducting non-recurring gains and losses was 4.9167 million yuan, showing a year-on-year increase of 128.78% [1] - Basic earnings per share were 0.009 yuan [1]

Financial Performance - The company's operating revenue for Q3 2025 reached ¥119,374,918, representing a 24.83% increase compared to the same period last year[5]. - The net profit attributable to shareholders increased by 409.60% to ¥2,962,472.50 in Q3 2025, while the year-to-date net profit decreased by 77.62% to ¥5,038,124.12[5]. - The company's basic earnings per share for Q3 2025 was ¥0.0053, up 411.76% year-on-year, while the diluted earnings per share also stood at ¥0.0053[5]. - The company reported a 20.36% increase in year-to-date operating revenue, totaling ¥307,426,305.50, driven by growth in logistics business[9]. - Total operating revenue for the current period reached ¥307,426,305.50, an increase of 20.4% compared to ¥255,423,227.25 in the previous period[21]. - Operating profit for the current period was ¥5,481,548.68, a significant improvement from a loss of ¥17,482,785.25 in the previous period[21]. - Net profit for the current period was ¥4,747,032.28, compared to ¥22,564,735.53 in the same period last year, indicating a decrease of 79.0%[22]. Cash Flow and Liquidity - The cash flow from operating activities showed a significant negative net amount of -¥114,100,576.86, a decrease of 4828.89% year-on-year[9]. - Operating cash flow for the current period was -114,100,576.86 CNY, a significant decline compared to -2,314,933.77 CNY in the previous period[23]. - Cash and cash equivalents at the end of the period stood at 65,396,804.10 CNY, down from 187,074,344.55 CNY at the end of the previous period[24]. - The company received 83,948,908.05 CNY in borrowings, a significant increase from 30,000,000.00 CNY in the prior period[24]. - Cash outflow for purchasing goods and services increased to 306,181,977.69 CNY from 245,322,268.19 CNY year-over-year[23]. - The company reported a net cash outflow from investment activities of -8,822,240.96 CNY, contrasting with a net inflow of 167,080,262.99 CNY in the previous period[23]. Assets and Liabilities - Total assets as of September 30, 2025, amounted to ¥1,355,339,443.51, reflecting a 21.39% increase from the end of the previous year[5]. - The total assets increased to ¥1,355,339,443.51, up from ¥1,116,548,258.85, reflecting a growth of 21.4%[19]. - Total liabilities rose to ¥437,539,987.50, compared to ¥203,495,834.12 in the previous period, marking an increase of 115.0%[19]. - The equity attributable to shareholders of the parent company was ¥923,908,719.63, slightly up from ¥918,870,595.51[19]. Shareholder Information - The total number of common shareholders at the end of the reporting period is 39,152[10]. - The largest shareholder, Zhang Jingyu, holds 15.72% of shares, totaling 88,364,325 shares, with 66,273,244 shares pledged[10]. - The second-largest shareholder, Zhang Qian, holds 3.86% of shares, totaling 21,704,016 shares[10]. - The top ten shareholders collectively hold a significant portion of the company's shares, with the largest shareholder's stake being over 15%[10]. - The company has not reported any changes in the number of shareholders participating in margin financing and securities lending[10]. Investments and Acquisitions - The company completed the acquisition of 30% equity in Xinjiang Huayuan Hong International Freight Forwarding Co., Ltd., increasing its ownership to 100%[13]. - The company agreed to transfer 38.31% equity in Liaoning Hongtu Chuangzhan Surveying and Mapping Co., Ltd. for RMB 150.0494 million, with the first payment of RMB 60.0198 million received[14]. - The company’s investment income surged by 2983.54% to ¥25,968,969.87, attributed to increased returns from its equity stake in a subsidiary[9]. - The company reported investment income of ¥25,968,969.87, a significant increase from ¥842,180.14 in the previous period[21]. Financial Management - The company’s financial expenses increased by 56.72% to ¥2,124,722.69 due to higher interest expenses from bank loans[9]. - The company has a commitment to maintain a 75% lock-up on shares held by executives annually[12]. - The company’s cash management involved various financial products, with a total amount of 3959 million RMB in fixed income securities maturing on July 17, 2025, yielding an interest rate of 2.50%[15]. Asset Management - The total current assets increased to 800,829,476.37 RMB from 597,926,330.00 RMB, reflecting a significant growth in liquidity[17]. - Accounts receivable rose to 466,379,196.07 RMB, up from 328,180,794.38 RMB, indicating improved sales performance and collection efficiency[17]. - The company reported a total of 90,136,474.08 RMB in trading financial assets, an increase from 80,295,616.45 RMB, showcasing enhanced investment strategies[17]. - Long-term equity investments increased to 194,682,275.00 RMB from 170,250,644.42 RMB, indicating a strategic focus on long-term growth[17]. - The company has a total of 12,957,045.02 RMB in other receivables, up from 6,890,249.74 RMB, suggesting better management of receivables[17]. - The company’s fixed assets grew to 197,950,770.40 RMB from 185,063,470.32 RMB, reflecting ongoing investments in infrastructure[17]. - The company has a total of 10,295,959.39 RMB in other current assets, which increased from 2,635,170.95 RMB, indicating improved asset management[17]. - The company has a total of 64,750,787.97 RMB in receivables financing, significantly up from 13,369,029.13 RMB, indicating a strategic move to enhance liquidity[17].

Group 1 - The company, Huapengfei (300350), is closely monitoring market dynamics and policy directions [1] - The company will fulfill its information disclosure obligations in accordance with the law if there are any significant matters [1] - Investors are encouraged to pay attention to the company's announcements for updates [1]

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 - The announcement from Huapengfei indicates that the controlling shareholder, Mr. Zhang Jingyu, has pledged a portion of his shares in the company, which may have implications for shareholder confidence and stock performance [1] Summary by Relevant Sections - **Share Pledge Details** - Mr. Zhang Jingyu pledged 22,800,000 shares of Huapengfei on October 16, 2025 [1]