进博会签署战略合作，续写共赢发展新篇章 建发股份(600153) 证券研究报告 物流 / 公司点评 / 2025.11.06 投资评级:买入(维持) | 基本数据 | 2025-11-06 | | --- | --- | | 收盘价(元) | 10.16 | | 流通股本(亿股) | 29.00 | | 每股净资产(元) | 19.21 | | 总股本(亿股) | 29.00 | 最近 12 月市场表现 -13% -6% 2% 10% 18% 26% 建发股份 沪深300 上证指数 物流 分析师 房诚琦 SAC 证书编号：S0160525090002 fangcq@ctsec.com 分析师 何裕佳 SAC 证书编号：S0160525090001 heyj@ctsec.com 分析师 陈思宇 SAC 证书编号：S0160525090008 chensy04@ctsec.com 相关报告 1. 《受高基数影响，十月销售同比下行》 2025-11-01 2. 《联发及美凯龙拖累，供应链做强核心主 业》 2025-10-30 3. 《销售投资表现强势，灯塔项目决胜未 来》 2025-10-02 核心观点 | 盈利预 ...

Core Insights - The core focus of the news is on the integration of artificial intelligence and digital technologies in supply chain management, particularly highlighted at the China International Investment and Trade Fair [3][10]. Group 1: Supply Chain Innovation - Supply chain innovation is a key theme at the 2025 China International Investment and Trade Fair, with a push for the development of smart supply chains through AI and IoT technologies [3]. - The Chinese government has initiated a plan to accelerate the development of smart supply chains, encouraging leading companies to integrate digital technologies deeply into their operations [3][15]. Group 2: Company Overview - Jianfa Co., Ltd. - Jianfa Co., Ltd. has established itself as a significant player in the supply chain sector, achieving a revenue of 508.936 billion yuan from its supply chain operations in 2024, with total revenue exceeding 700 billion yuan [6]. - The company has developed a comprehensive supply chain service model, known as LIFT, which encompasses logistics, information, finance, and business elements [6]. Group 3: Digital Transformation and AI Integration - Jianfa Co., Ltd. is leveraging AI and big data to enhance its supply chain operations, focusing on various application scenarios to improve efficiency and risk management [7][11]. - The company has introduced the "Jianfa Cloud AI" platform, which integrates AI tools for comprehensive supply chain management, covering aspects from opportunity identification to contract execution [11][14]. Group 4: Logistics and Global Reach - Jianfa Co., Ltd. has established a robust logistics network with over 350 overseas storage points across more than 40 countries, enhancing its global supply chain capabilities [9]. - The company has developed an end-to-end smart logistics ecosystem, utilizing a "Supply Chain Logistics Control Tower" platform to optimize resource allocation and inventory management [9]. Group 5: Industry Challenges and Strategic Responses - The global supply chain is facing systemic security and structural resilience challenges due to rising trade protectionism and geopolitical conflicts, necessitating a strong supply chain support system for companies [4][15]. - Jianfa Co., Ltd. aims to address these challenges by deepening its integration of supply chain operations with digital technologies, enhancing collaboration and operational efficiency [15][16].