GHWL(SH:600603) Zheng Quan Shi Bao·2025-11-02 12:45Core Insights - Guanghui Logistics has achieved a new record in freight volume after the electrification upgrade of the Hongnao Railway, with a monthly shipment of 2.7746 million tons in October, including 122,800 tons of newly initiated external coal shipments, marking a new growth point for the company [1][2] - The company attributes this achievement to the completion of the electrification upgrade in September 2024, which has significantly enhanced railway capacity and efficiency, increasing the maximum train speed to 80 km/h and reducing total travel time by nearly 2 hours [1] - The Shanghai Stock Exchange has approved the removal of other risk warnings for the company's stock, which will be suspended for one day on October 28, 2025, and will resume trading on October 29, 2025, with the stock name changing from "ST Guangwu" to "Guanghui Logistics" [1] Business Focus - Following the removal of risk warnings, Guanghui Logistics is expected to focus more on its core business development [2] - The company's main business segments include energy logistics, real estate, and logistics collaboration, with energy logistics being the core business primarily serving the Xinjiang coal transportation strategy [2] - The real estate projects have completed all construction and are now in the final sales phase, with related businesses gradually exiting [2]