中国发展网讯 "洪范八政，食为政首"，粮食安全是治国理政的头等大事。日照市深入学习贯彻习近平 总书记关于国家粮食安全的重要论述和视察山东重要讲话精神，始终牢记粮食安全"国之大者"，聚 焦"产购储加销"全链条协同保障，深耕优质粮食工程"六大提升行动"，将责任担当转化为高质量发展实 效，铿锵有力书写新时代粮食安全的日照答卷。 党建为核："万山磅礴看主峰"筑牢粮食事业红堡垒 "万山磅礴看主峰，沧海横流靠砥柱"。坚持以党建引领粮食事业高质量发展，推动党建与业务深度融 合。 创建粮食党建品牌。聚焦粮食和物资储备工作"粮心（良心）"内涵，突出党建引领和地域特色，精心打 造"日照粮心党旗红"支部党建品牌，获评全市优秀机关党建品牌，通过理论学习、业务融合、党建联建 等载体，凝聚起"红色领航、粮安为民"的先锋力量。 搭建党务融合平台。以"党建第一责任"引领"发展第一要务"，建立以各级粮食管理部门为服务单位，粮 食加工企业为成为单位的"初光"同行·日照粮油产业发展共同体，搭建理论宣讲、政策直通、业务合 作、技术交流平台，实现全链融合、资源共享、跨界联动，构建起党建强、企业兴、产业稳的高质量发 展新格局。 深化作风能力建设。在全市 ...

编号：2025-013 投资者关系活动类别 ☑ 特定对象调研 □媒体采访 □新闻发布会 □现场参观 □分析师会议 □业绩说明会 □路演活动 □其他（请文字说明其他活动内容） 活动参与人员 建信养老金管理有限责任公司、长盛基金以及国金 证券等 3 家机构人员 3 人 上市公司人员 董事会秘书：赵婧，以及相关工作人员 时间 2025 年 12 月 10 日(周三) 14:00-15:00 地点 中国北京大饭店 519 房间 形式 现场调研 投资者关系活动主 要内容介绍 公司就投资者在本次现场调研中提出的问题进行了 回复： 问题一：请介绍下公司经营情况。 答：公司 2025 年前三季度实现营业收入 166.36 亿 元，同比增长 16.92%；归属于上市公司股东的净利 润 18.36 亿元，同比增长 66.21%，归属于上市公司 股东的扣除非经常性损益的净利润 17.93 亿元，同 比增长 64.05%。业绩增长的主要原因系公司积极应 对外部环境的扰动，机队规模和航线结构实现扩充 和优化，新增运能有效投入；航空燃油综合价格同 比下降，提升了公司的盈利水平；此外，货站板块 和地面综合物流板块均实现稳步增长。 | 问题 ...

Group 1 - The 2025 China-Japan-Korea (Chengdu) SME Economic and Trade Exchange Conference will be held on October 30-31, 2025, serving as an important platform for deepening economic and trade cooperation among SMEs from China, Japan, and South Korea [1] - The conference adopts a "1+N" IP model, featuring one main conference and seven sub-forums, covering key topics such as "Enterprise Going Global Strategies," "Biomedicine," "Digital Cultural Creation," "Specialized and Innovative," "Vocational Education," "Smart Home," and "Digital Technology" [3] - A 2,000 square meter exhibition area for "Specialized and Innovative SMEs from China, Japan, and South Korea" will showcase over 100 innovative products from six sectors, including equipment manufacturing, information technology, and healthcare, facilitating direct connections for Chengdu products to enter overseas markets [3] Group 2 - Multiple projects were signed during the conference, focusing on key areas such as new energy and digital cultural creation, with a total contract value of 600 million yuan [3] - The Chengdu SME Association aims to create a one-stop service platform for enterprises going global by integrating resources from economic and trade institutions and international chambers of commerce from China, Japan, and South Korea [4] - Future plans include deepening regular cooperation with Japanese and Korean business associations and establishing a cross-border service network covering the RCEP region to support Chengdu products and businesses in reaching global markets [4]

Group 1: Future Air Cargo Demand and Strategy - The air logistics industry is undergoing significant transformation, with a shift from "scale expansion" to "quality and efficiency improvement" during the 14th Five-Year Plan period [2] - National policies are driving the need for a resilient global logistics network and competitive logistics enterprises, emphasizing green and smart development [2] - The company plans to introduce 330 aircraft converted from passenger to cargo by the end of the year, with a current fleet of 21 long-range aircraft [2][3] Group 2: Pricing and Revenue Management - The company has launched new routes and increased flight frequencies to capture emerging market opportunities, enhancing revenue from high-value charter flights [3] - In the first half of 2025, the company achieved a cargo volume of 902,100 tons, a year-on-year increase of 24.79%, and total revenue of 10.935 billion yuan, up 21.92% [4] - The average daily utilization of all-cargo aircraft increased to approximately 13.29 hours in the first half of 2025, reflecting improved operational efficiency [4] Group 3: Competitive Advantages - The company possesses several competitive advantages, including brand strength, diversified shareholder structure, optimized fleet, and enhanced service capabilities [4] - Strategic collaborations with major shareholders and partners are aimed at expanding market presence and improving operational efficiency [5] Group 4: Impact of External Factors - The company is closely monitoring external factors, such as U.S. tariffs, which may introduce market uncertainties, while maintaining a focus on high-quality development [5] - The Chinese economy showed strong growth, with a 5.3% year-on-year increase in the first half of the year and total exports reaching 19.95 trillion yuan, up 7.1% [5] Group 5: Strategic Planning and Regional Advantages - The company is aligning its strategies with the national 14th Five-Year Plan, focusing on enhancing international air cargo capabilities and supply chain stability [5] - Chengdu's strategic location and supportive policies position it as a key hub for both domestic and international cargo, facilitating efficient logistics operations [6]

Core Insights - Wuhan Meteor Gathering is a legitimate company that has recently been listed on the Shanghai Equity Custody Trading Center, marking a new phase in its development [1][3] - The company focuses on providing specialized services to help domestic sellers expand their global business, contributing to the steady growth of China's foreign trade [1][3] - The foreign trade e-commerce sector is experiencing double-digit growth, becoming a key support for stabilizing the country's foreign trade [1][3] Company Overview - Founded in 2019, Wuhan Meteor Gathering has developed a unique incubation service mechanism led by founder Zhu Jian, who has extensive experience in the e-commerce field [1][3] - The company prioritizes customer needs and integrates platform resources with practical experience to provide systematic guidance for entrepreneurs and small to medium-sized sellers [1][3] - The innovative "five-to-one" service structure includes a team of five professionals, creating a collaborative system that has helped over 10,000 clients achieve global market presence [1][3] Industry Context - The listing on the Shanghai Equity Custody Trading Center reflects the company's service capabilities and the maturity of China's foreign trade e-commerce industry [3] - The company continuously updates its knowledge system by tracking and analyzing mainstream platform rule adjustments, optimizing operational methods to help clients mitigate risks and seize opportunities [3] - Industry research predicts that foreign trade e-commerce will account for over one-third of total international trade in the next five years, highlighting the sector's growth potential [3][4] Strategic Direction - Wuhan Meteor Gathering is expanding its service network globally, leveraging localized operational strategies to connect clients with overseas consumer groups [3][4] - The company embodies a dual-driven model that integrates Chinese practices with a global perspective, reshaping foreign trade service standards [3][4] - As part of the dual circulation development framework, specialized companies like Wuhan Meteor Gathering will continue to contribute to high-quality development in foreign trade [4]

Fleet and Route Distribution - As of June 2025, the company operates a fleet of 25 cargo aircraft, including 13 B777, 5 A330, and 3 B747, with 4 retired aircraft pending transfer [2][3] - The company has 25 cargo routes, with 23 international and 2 domestic, covering 14 countries and 23 cities [2][3] - In the first half of 2025, the company launched 6 new long-haul cargo routes, including Shanghai-Hanoi and Chengdu-Amsterdam, marking the first flights to several international destinations [3] Fleet Utilization - The average daily utilization of cargo aircraft from January to June 2025 was approximately 13.29 hours, showing a significant improvement compared to the same period in 2024 [3] - The company has been optimizing capacity deployment and market layout, leading to a steady increase in overall aircraft utilization [3] Impact of Trade Relations - Current US-China tariffs are in a "suspension period," with ongoing negotiations; the company is closely monitoring external factors affecting the logistics industry [3] - China's economy grew by 5.3% year-on-year in the first half of 2025, demonstrating resilience and potential for growth [3] - The company plans to leverage the "dual circulation" strategy to support the innovation and growth of Chinese manufacturing and enhance its logistics capabilities [3] Market Value Management - The company emphasizes market value management as a key strategic focus, aiming to enhance investor returns and confidence [4] - It has developed a value management plan to align with its strategic goals and actively engages with investors to gather feedback [4] Dividend Plans - The company has established a three-year shareholder return plan post-IPO, focusing on enhancing the stability and predictability of cash dividends [4]

Core Points - The launch of the direct cargo flight route from Xi'an to Chicago marks a significant development in Shaanxi's logistics network, expected to transport approximately 17,100 tons of international cargo annually, increasing the airport's international mail throughput by over 25% [1] - The new route is part of a broader strategy to transform Shaanxi's aviation logistics into a hub-and-spoke model, enhancing integration with key cities in Central Europe and creating a composite transport corridor [2] - The establishment of a multi-modal transport system, supported by air and rail, is crucial for connecting Shaanxi to global markets, facilitating seamless import and export operations for local industries [3][4] Group 1 - The Xi'an to Chicago cargo flight is the first direct route to the U.S. from Shaanxi, carrying goods primarily from platforms like TikTok and Shein, with a return load of aircraft materials and pharmaceuticals [1] - The route is expected to significantly boost the international cargo capacity of Xi'an Xianyang International Airport, contributing to the development of a comprehensive logistics network [1][2] - The integration of the new air route with the China-Europe Railway Express will enhance the logistics capabilities of the region, promoting deeper integration into global supply chains [2] Group 2 - The Xi'an Chanba International Port is becoming a key logistics hub, with 32 enterprises established in the wood processing sector, achieving an annual throughput of 1 million tons of timber [3] - The provincial government emphasizes the importance of enhancing both domestic and international openness, aiming to build a robust economic circle around the China-Europe Railway Express [4] - Shaanxi is actively participating in the Belt and Road Initiative, creating a comprehensive open framework that supports a dual circulation development model [4]

Group 1: China's Energy Import Strategy - China's energy imports from the US have dropped to zero, with crude oil imports falling from $800 million last year to zero, LNG orders ceasing for four consecutive months, and coal imports reduced to a few hundred dollars [1] - Russia has become the main supplier of crude oil and LNG to China, offering prices 10%-15% lower than the US, while Australia and Middle Eastern countries have increased their coal exports to China [1][11] - This diversification strategy has allowed China to eliminate its dependence on US energy, enhancing its energy security [1][11] Group 2: Impact on the US Energy Industry - The cessation of energy exports to China has led to a significant increase in the US trade deficit, with losses of at least $30 billion in the first half of the year [3] - The US shale oil industry is facing its lowest overseas sales in two years, with some companies at risk of bankruptcy, and the energy sector's contribution to US GDP and employment is being negatively impacted [3][7] - The US's previous position as the world's largest crude oil exporter is now compromised, as its strategy to penetrate traditional markets in the Middle East and Russia has failed [3][7] Group 3: US-China Negotiation Dynamics - Upcoming US-China trade talks in Stockholm are marked by the US's insistence on discussing China's purchases of Russian and Iranian oil, which China views as a geopolitical maneuver rather than a trade issue [4][6] - China maintains a firm stance on equal negotiations and opposes any form of pressure from the US, emphasizing that its oil purchases are purely commercial [6] Group 4: Shift in US Policy and Global Energy Landscape - The failure of the US trade war and technology blockade against China has led to a reassessment of strategies, with the US recognizing the difficulty in containing China's rise [7] - The global energy market is being reshaped, with Russia and Middle Eastern countries increasing their market share in China, while the US seeks alternative markets but struggles to fill the gap left by China [11] Group 5: Future Outlook - The fundamental contradictions in US-China relations are unlikely to be resolved, with the US potentially adopting a more aggressive stance in negotiations due to domestic political pressures [12] - China is expected to continue its focus on self-sufficiency in core technologies and rare earths, while also pursuing a dual circulation development strategy to mitigate external risks [12]

Group 1: Operational Performance - In the first half of 2024, the company achieved a cargo turnover of 8.2 billion ton-kilometers and a total cargo transportation volume of 1.64 million tons, with a safe flight time of 68,000 hours [1] - The company plans to increase cargo aircraft deployment and leverage bellyhold resources to enhance operational performance [1][2] Group 2: Market and Strategic Response - The company is closely monitoring the ongoing adjustments in U.S. tariff policies, which are expected to impact international trade and introduce short-term uncertainties [2] - Long-term strategies include supporting China's manufacturing innovation and upgrading logistics capabilities to enhance import and export quality [2] Group 3: Fleet and Capacity Utilization - The company reports good utilization of its fleet, although specific utilization rates vary by route and aircraft type [2] - Future plans involve optimizing aircraft deployment across key regions such as the Yangtze River Delta, Guangdong-Hong Kong-Macao Greater Bay Area, Chengdu-Chongqing, and Beijing-Tianjin-Hebei [2][3] Group 4: Strategic Partnerships - The company collaborates with strategic shareholder Cainiao to enhance cross-border e-commerce logistics and better understand logistics demands [3] - The partnership aims to leverage complementary resources to support the growth of cross-border e-commerce and the internationalization of Chinese manufacturing [3] Group 5: Future Planning - The company is developing its "14th Five-Year Plan" to position itself as a comprehensive logistics service provider, focusing on supply chain responsibilities [3]

Core Viewpoint - The "Xinjiang products southbound, Guangdong products northbound" initiative has successfully created a significant market, facilitating trade between the two regions and enhancing economic cooperation, with bilateral transactions exceeding 12.4 billion yuan [14][15][119]. Group 1: Economic Cooperation and Trade - The initiative has led to over 12.4 billion yuan in bilateral transactions, with more than 300 million yuan in the first half of this year alone [14][15]. - The program aims to strengthen cooperation between Guangdong and Xinjiang, promoting the flow of products and resources between the two regions [12][13]. - The initiative is part of a broader strategy to integrate the Guangdong-Hong Kong-Macao Greater Bay Area with Xinjiang, enhancing economic depth and market connectivity [33][36]. Group 2: Market Development and Product Promotion - The program has facilitated the promotion of local products, such as Xinjiang's melons and apricots, in the Guangdong market, while also introducing Guangdong's specialties to Xinjiang [4][5][11]. - The successful marketing strategies include extensive advertising campaigns in major urban areas, contributing to increased sales and market presence [76][78]. - The initiative has resulted in significant sales growth for specific products, such as a 30% increase in sales volume for apricots compared to the previous year [57][58]. Group 3: Infrastructure and Logistics - The program has established a robust logistics network, involving major companies like JD and SF Express, to streamline the supply chain from production to consumer [39][40]. - Cold chain logistics have been emphasized to ensure the freshness of perishable goods transported between regions [3][4]. - The initiative has also led to the creation of online and offline platforms to facilitate continuous trade and consumer engagement [97][98]. Group 4: Cultural Exchange and Long-term Vision - The initiative not only focuses on economic transactions but also fosters cultural exchanges, with Guangdong cuisine becoming more popular in Xinjiang [113][115]. - The long-term vision includes establishing a sustainable market presence for both regions, ensuring that trade relationships remain beneficial and dynamic [96][119]. - The program is seen as a modern revival of ancient trade routes, contributing to regional cooperation and mutual benefits [117][119].