| 证券代码：603713 | 证券简称：密尔克卫 | 公告编号：2025-066 | | --- | --- | --- | | 转债代码：113658 | 转债简称：密卫转债 | | 密尔克卫智能供应链服务集团股份有限公司 关于部分股权激励限制性股票回购注销实施公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 一、本次限制性股票回购注销的决策与信息披露 1、2025 年 4 月 13 日，公司召开第四届董事会第六次会议、第四届监事会 第五次会议，审议通过了《关于 2021 年股票期权与限制性股票激励计划授予限 制性股票第四个解除限售期解除限售条件未成就暨回购注销限制性股票的议案》 等议案。 2、2025 年 4 月 15 日，公司在上海证券交易所网站（www.sse.com.cn）及指 定媒体披露了《密尔克卫智能供应链服务集团股份有限公司关于回购注销限制性 股票通知债权人的公告》（公告编号：2025-037），截至目前公示期已满 45 天， 公司未收到债权人关于清偿债务或者提供相应担保的要求。 回购注销 ...

关于 密尔克卫智能供应链服务集团股份有限公司 2021 年股票期权与限制性股票激励计划 注销股票期权、回购注销限制性股票、 上海君澜律师事务所 2022 年股票期权激励计划注销股票期权及 2024 年股票期权与限制性股票激励计划 注销部分股票期权相关事项 之 法律意见书 二〇二五年四月 上海君澜律师事务所 法律意见书 法律意见书 致：密尔克卫智能供应链服务集团股份有限公司 上海君澜律师事务所（以下简称"本所"）接受密尔克卫智能供应链服务集团股 份有限公司（更名前为"密尔克卫化工供应链服务股份有限公司"，以下简称"公司" 或"密尔克卫"）的委托，根据《上市公司股权激励管理办法》（以下简称"《管理办 法》"）、《密尔克卫化工供应链服务股份有限公司 2021 年股票期权与限制性股票激励计 划》（以下简称"《2021 年激励计划》"）、《密尔克卫化工供应链服务股份有限公司 2022 年股票期权激励计划》（以下简称"《2022 年激励计划》"）及《2024 年股票期权与限制 性股票激励计划（修订稿）》（以下简称"《2024 年激励计划》"）的规定，就密尔克卫 《2021 年激励计划》注销股票期权、回购注销限制性股票、《 ...

证券代码：603713 证券简称：密尔克卫 公告编号：2025-065 转债代码：113658 转债简称：密卫转债 密尔克卫智能供应链服务集团股份有限公司 关于为控股子公司提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： ? 担保对象及基本情况 上海密尔克卫特种物流有限公司（以下 被担保人名称 简称"密尔克卫特种物流"） 本次担保金额 1,000.00 万元 担保对象 实际为其提供的担保余额 3,000.00 万元 是否在前期预计额度内 ?是 □否 □不适用：_________ 本次担保是否有反担保 □是 ?否 □不适用：_________ ? 累计担保情况 对外担保逾期的累计金额（万元） 0 截至本公告日上市公司及其控股子 公司对外担保总额（万元） □对合并报表外单位担保金额达到或超过最近一 期经审计净资产 30%的情况下 ?对资产负债率超过 70%的单位提供担保 其他风险提示（如有） 一、担保情况概述 （一） 担保的基本情况 对外担保总额占上市公司最近一期 经审计净资产的比例（%） ?对外担保 ...

| 证券代码：603713 | 证券简称：密尔克卫 | 公告编号：2025-065 | | --- | --- | --- | | 转债代码：113658 | 转债简称：密卫转债 | | 密尔克卫智能供应链服务集团股份有限公司 关于为控股子公司提供担保的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈述 或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 重要内容提示： 担保对象及基本情况 | | 被担保人名称 | 上海密尔克卫特种物流有限公司（以下 简称"密尔克卫特种物流"） | | | | --- | --- | --- | --- | --- | | 担保对象 | 本次担保金额 | 1,000.00 | 万元 | | | | 实际为其提供的担保余额 | 3,000.00 | 万元 | | | | 是否在前期预计额度内 | 是 | □否 | □不适用：_________ | | | 本次担保是否有反担保 | □是 | 否 | □不适用：_________ | 累计担保情况 | 对外担保逾期的累计金额（万元） | 0 | | --- | --- | | 截至本公告日上市 ...

可转债转股结果暨股份变动公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 | 证券代码：603713 | 证券简称：密尔克卫 | 公告编号：2025-064 | | --- | --- | --- | | 转债代码：113658 | 转债简称：密卫转债 | | 密尔克卫智能供应链服务集团股份有限公司 重要内容提示： 一、可转债上市发行概况 （一）可转债发行概况 经中国证券监督管理委员会《关于核准密尔克卫化工供应链服务股份有限 公司公开发行可转换公司债券的批复》（证监许可〔2022〕1905 号）核准，公 司于 2022 年 9 月 16 日公开发行可转换公司债券 8,723,880 张，每张面值 100 元，发行总额为人民币 872,388,000 元。 （二）可转债上市概况 经《关于密尔克卫化工供应链服务股份有限公司可转换公司债券上市交易 的通知》（上海证券交易所自律监管决定书[2022]282 号）同意，公司 87,238.80 万元可转换公司债券于 2022 年 10 月 25 日起在上海证券交易所挂牌交 易，债券简 ...

Core Viewpoint - SF Holding's stock closed at 49.15 yuan, down 2.27%, with a rolling PE ratio of 23.39 times and a total market value of 245.39 billion yuan [1] Company Summary - SF Holding specializes in comprehensive express logistics services, including time-sensitive express, economy express, freight, cold chain, pharmaceutical delivery, same-city instant delivery, international express, international freight and agency, and supply chain services [1] - In Q1 2025, the company achieved operating revenue of 69.85 billion yuan, a year-on-year increase of 6.90%, and a net profit of 2.23 billion yuan, up 16.87%, with a gross profit margin of 13.30% [1] Industry Summary - The average PE ratio for the logistics industry is 25.14 times, with a median of 26.82 times, placing SF Holding at 31st in the industry ranking [1][2] - The company has received multiple international awards and national-level case certifications in logistics technology and is the only Chinese representative to reach the finals of the 2025 Franz Edelman Award [1]

Core Viewpoint - Milkyway Intelligent Supply Chain Service Group Co., Ltd. has undergone significant changes in its bond management and operational performance, including adjustments to convertible bond conversion prices and a focus on maintaining financial stability and compliance with regulatory requirements [1][2][3]. Group 1: Bond Overview - The company issued convertible bonds with a total scale of 8.72 billion RMB, with a current interest rate of 1.00% [1]. - The bonds are set to mature in 2027, with annual interest payments and a principal repayment at maturity [10]. - The bond's conversion price has been adjusted multiple times, reflecting market conditions and company performance [2][3]. Group 2: Financial Performance - As of the end of 2024, the company reported total assets of approximately 1.39 billion RMB, a 25.37% increase from the previous year [5]. - Total liabilities increased by 35.81% to approximately 917.72 million RMB, while net assets rose by 9.20% to approximately 476.79 million RMB [5]. - The company achieved a revenue of approximately 1.21 billion RMB in 2024, marking a 24.26% increase compared to 2023 [5]. Group 3: Operational Highlights - Milkyway is recognized as a leading provider of integrated supply chain services, focusing on logistics, warehousing, and transportation, particularly in the chemical and new energy sectors [3]. - The company has maintained a stable gross profit margin across its business segments, with logistics achieving a gross margin of 69.12% and trading at 51.85% [3]. - The company has implemented measures to ensure the proper use of raised funds, including establishing dedicated accounts and adhering to regulatory guidelines [8][9]. Group 4: Corporate Governance and Compliance - The company has established a dedicated department to oversee bond repayment and compliance with financial obligations [9]. - Regular reports are submitted to the Shanghai Stock Exchange, ensuring transparency and adherence to regulatory requirements [9]. - The company has not encountered any significant adverse changes affecting its debt repayment capacity, maintaining a stable financial structure [11].

密尔克卫智能供应链服务集团股份有限公司 （住所：中国（上海）自由贸易试验区金葵路 158 号 4-11 层） 密尔克卫智能供应链服务集团股份有限公司 公开发行可转换公司债券受托管理事务报告 （2024 年度） 债券受托管理人 （住所：北京市朝阳区建国门外大街 1 号国贸大厦 2 座 27 层及 28 层） 二〇二五年六月 重要声明 本报告依据《公司债券发行与交易管理办法》（以下简称《管理办法》）、 《公司债券受托管理人执业行为准则》（以下简称《执业行为准则》）、证券交 易所公司债券上市规则（以下简称"上市规则"）或证券交易所公司债券挂牌转 让规则（以下简称"挂牌转让规则"）、发行人与中国国际金融股份有限公司（以 下简称"中金公司"或"受托管理人"或"保荐机构"）签订的债券受托管理协 议（以下简称"受托管理协议"）及其它相关信息披露文件以及密尔克卫智能供 应链服务集团股份有限公司（以下简称"发行人"或"公司"或"密尔克卫"） 出具的相关说明文件和提供的相关资料等，由受托管理人中金公司编制。中金公 司编制本报告的内容及信息均来源于密尔克卫智能供应链服务集团股份有限公 司提供的资料或说明。 本报告不构成对投资者进行 ...

Group 1 - Milkwater has evolved from its beginnings in Pudong in 1998 to become a leading player in the chemical and new energy supply chain industry, expanding its operations globally to regions including Asia-Pacific, the United States, North Africa, and Eastern Europe, with over 300 overseas employees [1] - The company aims to increase its overseas business to over 40% within the next 10 years, leveraging Pudong as a base for global expansion [1] - The trend of Chinese enterprises "going global" is supported by Pudong's comprehensive advantages, including institutional innovation and a robust service platform for companies to expand internationally [3] Group 2 - Milkwater showcased its integrated services in chemical and new energy supply chains at major exhibitions in Germany, marking significant steps in its global expansion efforts [4] - The company has engaged in deep cooperation discussions with international transport giants and local supply chain service providers in Brazil, indicating its strategic move into the South American market [4] - Data from Ernst & Young indicates that from 2020 to 2024, China's outbound investment is expected to rise by 22%, significantly outpacing the global growth rate of 7%, highlighting the rapid internationalization of Chinese enterprises [4] Group 3 - Heartbeat Medical, established in the Shanghai International Medical Park, has become a leader in the field of vascular intervention, with 30 products available globally and a strong pipeline of innovative medical devices [5] - The company has made significant investments in the U.S., Netherlands, and the UK, achieving an annual compound growth rate of over 60% in overseas revenue over the past five years [7] - Heartbeat Medical's acquisition of Lombard Medical is seen as a key milestone in its global strategy, enhancing its presence in the European market [7] Group 4 - The supportive business environment in Pudong has been crucial for Heartbeat Medical's international expansion, with streamlined processes for overseas investment and various policy measures to facilitate growth [8] - Pudong has introduced comprehensive support measures for outbound enterprises, including financial support, talent services, and operational assistance, to enhance their international competitiveness [8][9] - The establishment of the Pudong Outbound Enterprise Comprehensive Service Center aims to provide a full range of services for companies looking to expand globally, reducing risks and costs associated with international operations [10][11] Group 5 - Numerous projects from national enterprises are emerging in Pudong, including international manufacturing facilities and supply chain initiatives, showcasing the region's role as a launchpad for global strategies [10] - The Pudong Outbound Enterprise Comprehensive Service Center collaborates with various partners to offer extensive support, from market research to operational assistance, facilitating smoother international ventures for companies [11] - The growing ecosystem in Pudong is attracting high-quality enterprises nationwide, creating a collaborative environment for shared resources and expertise in global expansion [11]

密尔克卫智能供应链服务集团 股份有限公司 2025 年跟踪评级报告 1 www.lhratings.com 联合〔2025〕4313 号 联合资信评估股份有限公司通过对密尔克卫智能供应链服务集 团股份有限公司主体及其相关债券的信用状况进行跟踪分析和评估， 确定维持密尔克卫智能供应链服务集团股份有限公司主体长期信用 等级为 AA-，维持"密卫转债"信用等级为 AA-，评级展望为稳定。 特此公告 联合资信评估股份有限公司 评级总监： 二〇二五年六月十三日 跟踪评级报告 | 2 声 明 一、本报告是联合资信基于评级方法和评级程序得出的截至发表之日的 独立意见陈述，未受任何机构或个人影响。评级结论及相关分析为联合资信 基于相关信息和资料对评级对象所发表的前瞻性观点，而非对评级对象的事 实陈述或鉴证意见。联合资信有充分理由保证所出具的评级报告遵循了真 实、客观、公正的原则。鉴于信用评级工作特性及受客观条件影响，本报告 在资料信息获取、评级方法与模型、未来事项预测评估等方面存在局限性。 二、本报告系联合资信接受密尔克卫智能供应链服务集团股份有限公司 （以下简称"该公司"）委托所出具，除因本次评级事项联合资信与该公司 构成 ...