截至2025年6月13日收盘，西上海（605151）报收于19.25元，较上周的18.45元上涨4.34%。本周，西上 海6月13日盘中最高价报23.0元，股价触及近一年最高点。6月10日盘中最低价报17.38元。本周共计2次 涨停收盘，无跌停收盘情况。西上海当前最新总市值26.04亿元，在汽车零部件板块市值排名210/229， 在两市A股市值排名4511/5150。 本周关注点 公司公告汇总 西上海关于股票交易异常波动的公告指出，公司股票于2025年6月11日、6月12日连续两个交易日内收盘 价格涨幅偏离值累计超过20%，属于股票交易异常波动情形。公司2025年一季度实现归属于上市公司股 东的净利润-7,661,121.95元，同比下降131.55%。公司提醒广大投资者注意二级市场交易风险，理性决 策，审慎投资。 以上内容为证券之星据公开信息整理，由AI算法生成（网信算备310104345710301240019号），不构成 投资建议。 机构调研要点 6月12日特定对象调研：问：请介绍一下公司2024年度的经营情况。答：2024年，公司实现营业收入人 民币1,619,096,722.39元，同比增长26.9 ...

Investment Rating - The report does not specify a clear investment rating for the company [1] Core Views - The company, San Yang Ma, is positioned as a leader in public-rail intermodal logistics, focusing on the automotive logistics sector, which is expected to benefit from the recovery of the automotive market [7][8] - The company's revenue for 2024 is projected to be 11.82 billion yuan, with a year-on-year growth of 20.6%, while the net profit attributable to the parent company is expected to decline by 57.3% due to increased financial expenses [7][8] - The report highlights the significant increase in financial expenses due to convertible bond interest, which has impacted profitability [7][8] Financial Summary - Revenue and Profit Forecast: - 2024A: Revenue of 11.82 billion yuan, net profit of 8.59 million yuan - 2025E: Revenue of 14.48 billion yuan, net profit of 13.05 million yuan - 2026E: Revenue of 17.10 billion yuan, net profit of 16.64 million yuan - 2027E: Revenue of 19.50 billion yuan, net profit of 18.94 million yuan [2][12] - Earnings Per Share (EPS) is projected to increase from 0.11 yuan in 2024 to 0.24 yuan in 2027 [2][12] - The company’s return on equity (ROE) is expected to rise from 1.00% in 2024 to 2.21% in 2027 [2][12] Business Segments - The automotive logistics service is the primary business, contributing 82.7% of total revenue in 2024, with a year-on-year growth of 19% [7][8] - Non-automotive logistics services, including cross-border e-commerce logistics, are also growing, with a projected revenue increase of 34.2% [7][8] - The company aims to enhance its logistics network and optimize operations to improve profitability [9][10] Market Outlook - The automotive market in China is expected to continue growing, with total sales projected to exceed 32.9 million vehicles in 2025, a year-on-year increase of 4.7% [8] - The demand for automotive logistics is anticipated to recover as the automotive industry stabilizes [7][8] Conclusion - The report suggests that San Yang Ma is well-positioned to benefit from the growth in the automotive logistics sector, with a focus on improving operational efficiency and expanding service offerings [7][8]