Core Points - The railway system has become an important method for transporting automobiles across the country, leveraging dedicated transport lines and extensive storage resources [3][5] - Private cars can be transported via "self-driving" automobile transport trains to popular tourist cities such as Hainan, Hangzhou, and Kunming [5] - Commercial vehicles are shipped from manufacturers to 4S dealerships nationwide or to major domestic ports for international shipping [8] Transport Mechanism - Specialized red carriages have been designed specifically for automobile transport, allowing for efficient loading and unloading [10] - The internal design of these carriages includes a double-layer structure, capable of carrying 8 to 14 small cars per carriage [13] - Safety features such as loading platforms, anti-collision strips, wheel stoppers, and securing straps are included to ensure safe transport [15][17] Safety and Storage - Comprehensive safety checks are conducted on vehicles, including oil levels and securing status, to ensure safe transportation [19] - The railway department not only provides transport services but also has storage capabilities, with dedicated facilities for parking various types of cars [21] - The Harbin International Container Center Station can handle the storage needs of approximately 120,000 commercial vehicles annually from major manufacturers [24] Booking Process - The railway 12306 App allows users to book both private and commercial vehicle transport services [22] - Users can navigate to the "Third Party Services" section in the app to access the automobile transport mini-program and complete the booking process online [27]

Core Viewpoint - The stock of Xishanghai (605151) has shown significant volatility and growth, with a recent price increase and notable trading activity, indicating potential investor interest and market dynamics. Trading Information Summary - Xishanghai's stock reached a closing price of 19.25 yuan on June 13, 2025, up 4.34% from the previous week, with a maximum price of 23.0 yuan during the week, marking a near one-year high [1] - The stock was listed on the "Dragon and Tiger List" twice in the past five trading days due to price fluctuations exceeding 15% and a cumulative price deviation of over 20% [2][6] Institutional Research Highlights - For the fiscal year 2024, Xishanghai reported a revenue of approximately 1.62 billion yuan, reflecting a year-on-year growth of 26.92%, and a net profit of approximately 35 million yuan [3] - The company's total assets reached approximately 2.88 billion yuan, a 36.64% increase year-on-year, with net assets of approximately 1.36 billion yuan [3] - Strategic initiatives include business transformation through acquisitions, enhancing product lines, and focusing on the electric vehicle sector to drive revenue growth [3] - Research and development investment for 2024 was approximately 56.92 million yuan, a 22.51% increase, aimed at improving manufacturing processes and technology [3] Business Strategy and Synergy - The company is leveraging a dual business model of "automotive parts manufacturing + automotive logistics" to enhance customer loyalty through resource integration and efficiency optimization [4]

Group 1 - The company is a modern service enterprise focused on providing comprehensive logistics solutions for the automotive industry, classified as a comprehensive service-type automotive logistics company [6] - In 2024, global automotive sales are projected to reach approximately 89 million units, reflecting a year-on-year growth of 2.1% [6] - In China, automotive production and sales reached 31.282 million and 31.436 million units respectively in 2024, with year-on-year growth rates of 3.7% and 4.5% [7] Group 2 - The company plans to distribute a cash dividend of 0.05 yuan per share (including tax) to all shareholders, totaling approximately 30.175 million yuan, which accounts for 37.93% of the net profit attributable to shareholders for the year [5] - The company reported a net profit attributable to shareholders of 79.565 million yuan for 2024, with retained earnings amounting to approximately 751.345 million yuan at the end of the year [5]