SJY.(SH:600676) Quan Jing Wang·2025-09-19 10:19Group 1 - The logistics business of the company is facing significant pressure due to intense competition in the road freight market and underperformance in new business development [1] - The company plans to enhance profitability in the logistics sector by focusing on large equipment logistics, accelerating the development of pharmaceutical and urban distribution businesses, and leveraging national policies to promote multimodal transport and warehousing [1] - The company aims to promote digital transformation and technology empowerment to improve the profitability of its logistics segment [1] Group 2 - The passenger vehicle sales and after-service segments are impacted by structural market changes, with domestic brands gaining market share while traditional German, Japanese, and American brands are losing ground [2] - The automotive industry is experiencing a price war due to a surge in new energy vehicle sales, leading to reduced profit margins in the automotive sales business [2] - The company is actively developing new products to support the new energy vehicle market and has launched several charging station projects [2]