2025 年第一次临时股东会会议资料 德邦物流股份有限公司 2025 年第一次临时股东会 会议资料 2025 年 8 月 18 日 | | | 2025 年第一次临时股东会会议资料 德邦物流股份有限公司 2025 年第一次临时股东会 会议须知 为了维护全体股东的合法权益，确保股东会的正常秩序和议事效率，保证股 东会的顺利进行，根据中国证券监督管理委员会《上市公司股东会规则》《德邦 物流股份有限公司章程》的有关规定，特制定会议须知如下，望出席股东会的全 体人员遵守执行： 一、股东参加股东会，应当认真履行其法定义务，不得侵犯其他股东的权益； 二、股东会期间，全体出席人员应以维护股东的合法权益、确保股东会正常 秩序和议事效率为原则，认真履行法定职责； 三、出席股东会的股东依法享有发言权、质询权、表决权等各项权利，股东 要求发言时不得打断会议报告人的报告或其他股东的发言，股东要求发言时请先 举手示意； 四、在会议集中审议议案过程中，股东按会议主持人指定的顺序发言和提问， 建议每位股东发言时间不超过 3 分钟，同一股东发言不超过两次，发言内容不超 出本次会议范围； 五、任何人不得扰乱股东会的正常秩序和会议程序，会议期间 ...

稿件发出后，国家邮政局高度重视，迅速组织开展核查工作，指导相关企业结合自身实际，参照快递服 务国家标准优化完善服务收费计重规则，即计费重量以千克为单位，保留小数点后至少1位。 据了解，目前多家企业已优化计重收费规则，并进行公示（公布）—— 新华社北京7月17日电（记者叶昊鸣、张千千）新华社"新华视点"栏目7月11日播发《快递计重、停车计 时等"向上取整"，合理吗？》，报道部分快递企业向消费者提供服务时存在"向上取整"计重现象， 即"不足1公斤按1公斤计算"等形式。 圆通：首重不足1千克的，按1千克计算；续重以0.1千克为计费单位，不足0.1千克的，按0.1千克计算。 中通：使用秤、卷尺等计量用具测量快件的实际重量和体积，确定正确的计费重量。计费重量以千克为 单位，保留小数点后至少1位。 极兔：首重1千克，不足1千克按1千克计费；续重以0.1千克为计重单位，即1.3千克按1.3千克计算运 费。 下一步，邮政管理部门将持续督促各企业按照已公布的收费规则开展经营活动，履行服务承诺。 【纠错】 【责任编辑:薛涛】 京东：首重不足1千克的，按1千克计算；续重以0.5千克为计费单位，不足0.5千克的，按0.5千克计算。 ...

Group 1 - The interbank market has increased support for the real economy, with debt financing instruments issued amounting to 4.73 trillion yuan in the first half of 2022, a year-on-year increase of 6%, resulting in a net financing scale of approximately 1.1 trillion yuan, an increase of about 500 billion yuan year-on-year [1] - The unified registration model for debt financing instruments (DFI, TDFI) allows qualified issuers to register once and issue multiple times, significantly facilitating corporate financing [1] - Major state-owned enterprises, such as China Merchants Group, issued 290 billion yuan in debt financing tools to optimize debt structure and reduce financing costs [1] Group 2 - In the logistics sector, the interbank market supported four private enterprises, including SF Express and Yunda, in issuing 5 billion yuan in debt financing tools to supplement operating funds and optimize debt structure [2] - The interbank market actively supports infrastructure construction and major project financing, with 151.5 billion yuan issued for water conservancy projects and 1.62648 trillion yuan for transportation, energy, and agriculture sectors [2] - Leading companies in various industries, such as China Merchants, State Grid, and Sinopec, have benefited from this financing support, contributing to economic stability and fulfilling social responsibilities [2] Group 3 - The aviation industry, significantly impacted by the pandemic, has received increased support from the interbank market, with companies like Air China and China Eastern Airlines registering 123 billion yuan in various debt financing tools [3] - The issuance target for bonds in the aviation sector is set at 200 billion yuan, with 120 billion yuan already provided by the interbank market [3] - As of June 2022, civil aviation companies have issued a total of 965.9 billion yuan in debt financing tools [3] Group 4 - The interbank market has implemented measures to waive transaction fees for private enterprises, further signaling support for them [4] - In 2022, membership fees for private enterprise issuers were waived, and additional fee reductions for bond issuance and financing services were introduced [4] - The interbank market aims to enhance information disclosure and registration efficiency to meet corporate financing needs and support macroeconomic stability [4]

Core Insights - The CSI All Share Free Cash Flow Index (932365) has shown a positive performance, with a 0.42% increase as of August 12, 2025, and notable gains in constituent stocks such as Xinpeng Co., Ltd. (10.02%) and Feiyada (10.01%) [1][2] - The Free Cash Flow ETF (159233) has also performed well, rising 0.56% and achieving an 8-day consecutive increase, with a latest price of 1.08 yuan [1] - The Free Cash Flow ETF has demonstrated strong liquidity, with a turnover rate of 3.68% and a total transaction volume of 566.95 million yuan on August 11, 2025 [1] - The ETF has shown a historical average monthly return of 2.20% since inception, with a maximum monthly return of 4.04% and a winning percentage of 88.89% [1][2] Performance Metrics - The maximum drawdown for the Free Cash Flow ETF since inception is 3.28%, with a relative benchmark drawdown of 0.16% [2] - The management fee for the Free Cash Flow ETF is set at 0.50%, while the custody fee is 0.10% [2] - The CSI All Share Free Cash Flow Index tracks 100 high free cash flow rate listed companies, reflecting the overall performance of companies with strong cash flow generation capabilities [2] Top Holdings - As of July 31, 2025, the top ten weighted stocks in the CSI All Share Free Cash Flow Index account for 57.53% of the index, including China National Offshore Oil Corporation (2.46%), COSCO Shipping Holdings (1.91%), and Wuliangye (2.21%) [2][4] - The detailed performance of selected stocks includes Midea Group (0.45%), Shaanxi Coal and Chemical Industry (2.41%), and China Aluminum (0.67%) [4]

Group 1 - Debon Logistics Co., Ltd. has invested 50 million RMB to establish Jiangsu Precision Debon Logistics Co., Ltd., holding 100% of the shares [1] - Jiangsu Precision Debon Logistics Co., Ltd. was established on July 14, 2025, with a registered capital of 50 million RMB and is located in Suqian City [1] - The company operates in the multimodal transport and transportation agency industry, with various permitted projects including domestic container cargo transportation agency and general cargo transportation agency [1] Group 2 - The legal representative of Jiangsu Precision Debon Logistics Co., Ltd. is Wang Xiaofei [1] - The company is authorized to engage in several services such as cargo packing, loading and unloading, and low-temperature warehousing, among others [1] - The company also provides installation services for household appliances and furniture, as well as maintenance services for residential water and electricity [1]

证券之星消息，8月11日物流板块较上一交易日下跌0.55%，福然德领跌。当日上证指数报收于3647.55， 上涨0.34%。深证成指报收于11291.43，上涨1.46%。物流板块个股涨跌见下表： | 代码 | 名称 | 收盘价 | 涨跌幅 | 成交量(手) | 成交额(元) | | | --- | --- | --- | --- | --- | --- | --- | | 002800 | 天顺股份 | 17.51 | 9.99% | 11.51万 | | 266.T | | 300873 | 海晨股份 | 26.15 | 8.24% | 18.25万 | | 4.58亿 | | 603535 | 嘉诚国际 | 12.63 | 5.60% | 21.68万 | | 2.72亿 | | 002492 | 恒基达鑫 | 7.51 | 3.44% | 19.55万 | | 1.46亿 | | 002930 | 宏川智慧 | 12.15 | 2.97% | 10.44万 | | 1.26亿 | | 002769 | 普路通 | 8.82 | 1.50% | 13.85万 | | 1.22亿 | | 300013 | ...

Group 1: Express Delivery Industry - Guangdong Province has implemented a price increase for express delivery, raising the base price by 0.4 yuan per ticket, with the average price exceeding 1.4 yuan [2][3] - Major express companies, particularly the "Tongda system," began raising prices on August 5, with increases of 0.4 to 0.5 yuan for special items weighing 0.1 kg, and an additional 0.1 yuan per 0.1 kg increase [2][3] - In the first half of 2025, Guangdong Province's express delivery volume reached 23.43 billion pieces, accounting for 24.5% of the national total, indicating a significant market share [2] Group 2: Autonomous Delivery Vehicles - The deployment of autonomous delivery vehicles is progressing, with Zhongtong and Yuantong launching operations in Tibet and Hainan, respectively [3] - Zhongtong's autonomous vehicle in Tibet has successfully completed testing and is now operating on a regular delivery route, overcoming challenges posed by the region's climate [3] - Yuantong has received 24 autonomous vehicles for operations in Hainan, marking a new phase in the company's technological upgrade [3] Group 3: Aviation Industry - South Korea will implement a temporary visa exemption for Chinese group tourists from September 29 to June 30, 2024, which is expected to boost travel between China and South Korea [4] - China Civil Aviation Information Network anticipates a net profit of 1.45 billion yuan for the first half of 2025, reflecting a 5% year-on-year increase, driven by stable growth in aviation information technology services [5] Group 4: Shipping and Port Operations - Cheniere Energy plans to double its LNG production capacity, potentially benefiting the demand for new LNG vessels, with an expected annual output exceeding 100 million tons by 2030 [6] - The Shanghai Containerized Freight Index (SCFI) has decreased by 3.9% week-on-week, indicating a decline in export container freight rates [6] - The Baltic Dirty Tanker Index (BDTI) has increased by 8.49% week-on-week, reflecting a rise in crude oil tanker rates [7] Group 5: Road and Rail Transport - Zhongyuan Expressway reported a 7.68% year-on-year increase in net profit for the first half of 2025, with total revenue of approximately 3.105 billion yuan [10] - The Daqin Railway achieved a 5.40% year-on-year increase in cargo transport volume in July 2025, with an average daily transport volume of 1.0255 million tons [11] - National logistics operations remained stable from July 28 to August 3, with a slight decrease in freight transport volumes [11] Group 6: Industry Outlook - The express delivery sector is expected to benefit from a rebound in e-commerce demand and a reduction in price competition, leading to improved profitability for major players like SF Express and JD Logistics [12][13] - The shipping industry is anticipated to see growth driven by OPEC+ production increases and a favorable macroeconomic environment, with recommendations to monitor companies like China Merchants Energy and COSCO Shipping [14][15] - The port sector is viewed as stable with strong cash flow, suggesting a focus on growth potential in key hub ports [15]

Investment Rating - The investment rating for the transportation industry is "Positive" (maintained) [4] Core Views - The report highlights the ongoing price increase in express delivery services in Guangdong, with a base price adjustment of 0.4 CNY per ticket, indicating a significant shift in the industry towards reducing competition and improving profitability [4] - The introduction of autonomous delivery vehicles by companies like Zhongtong and Yuantong is progressing, showcasing innovation in logistics [5] - The report notes that South Korea will implement a visa waiver for Chinese group tourists starting September 29, which is expected to boost passenger flow between China and South Korea [6] - The LNG export capacity in the U.S. is set to double, which may positively impact the demand for new LNG vessels [7][8] Summary by Sections Express Logistics - Guangdong's express delivery price increase is a significant development, with the average price rising to over 1.4 CNY per ticket, and the province accounting for 24.5% of the national express delivery volume [4] - The report emphasizes the resilience of e-commerce logistics demand and the potential for price increases to enhance profitability for major players like SF Express and JD Logistics [14] Aviation and Airports - The aviation sector is expected to benefit from macroeconomic recovery, with a long-term supply-demand imbalance favoring growth [14] - China Civil Aviation Information Network anticipates a net profit of 1.45 billion CNY for the first half of 2025, reflecting a 5% year-on-year increase [6] Shipping and Ports - The report indicates a decrease in shipping rates, with the SCFI index dropping by 3.9% to 1490 points, while oil tanker rates have increased significantly [8][9] - China's port cargo throughput decreased by 4.99% week-on-week, indicating a potential slowdown in trade activity [10][81] Road and Rail - The report notes that Zhongyuan Expressway's net profit increased by 7.68% year-on-year, despite pressure on toll revenues [11] - The Daqin Railway reported a 5.40% year-on-year increase in cargo transport volume for July 2025 [12] Overall Market Performance - From August 4 to August 8, the A-share transportation index rose by 1.96%, with express delivery and logistics sectors showing strong performance [19]

天眼查商业履历信息显示，德邦物流股份有限公司，成立于2009年，位于上海市，是一家以从事邮政业 为主的企业。企业注册资本101981.5388万人民币，实缴资本86000万人民币。公司法定代表人为王雁 丰。 通过天眼查大数据分析，德邦物流股份有限公司共对外投资了112家企业，参与招投标项目264次，知识 产权方面有商标信息357条，专利信息188条，此外企业还拥有行政许可10个。 来源：金融界 金融界消息 截至2025年8月8日收盘，德邦股份（603056）报收于16.48元，下跌2.43%，换手率2.16%， 成交量22.07万手，成交金额3.65亿元。 资金流向方面，今日主力资金净流出3268.06万元，占比成交额8.94%。其中，超大单净流出2261.59万 元、占成交额6.19%，大单净流出1006.47万元、占成交额2.75%，中单净流出流入1712.42万元、占成交 额4.69%，小单净流入1555.64万元、占成交额4.26%。 德邦股份最新一期业绩显示，截至2025一季报，公司营业总收入104.07亿元、同比增长11.96%，归属净 利润6837.61万元，同比减少173.69%，扣非净利润1 ...

责任编辑：公司观察 行业内，顺丰控股CFO何捷年内降薪176万，仍以784.8万元年薪登顶，高于第二名建发股份CFO魏卓550多万元，超同行平均薪酬6.5倍，日薪高达2.15万 元。 | 简称 | 行业(申万二级) | CFO | 薪酬(万) | 薪酬变化 | 归母浄利(亿) | 增速 | 学历 | | --- | --- | --- | --- | --- | --- | --- | --- | | 顺丰控股 | 物流 | 何捷 | 784.80 | -18.3% | 101.70 | 23.5% | 硕士 | | 建发股份 | 物流 | 魏卓 | 227.00 | 11.8% | 29.46 | -77.5% | 本科 | | 申通快递 | 物流 | 梁波 | 137.00 | 0.0% | 10.40 | 205.2% | 本科 | | 德邦股份 | 物流 | 丁永晟 | 135.80 | 25.7% | 8.61 | 15.4% | 硕士 | | 海禮郭达 | 物流 | 殷海平 | 133.71 | -0.1% | 0.82 | -46.0% | 硕士 | | 物产中大 | 物流 | 王奇题 | 12 ...