| 主要会计数据 | 本报告期 (1-6月) | 上年同期 | | --- | --- | --- | | 营业收入 | 11,256,449,533.71 | 11.286.096.133.67 | | 利润总额 | 1,929,753,752.02 | 1,797,752,420.36 | | 归属于上市公司股东的净利润 | 1,288,727,842.23 | 1.277.201.508.72 | | 归属于上市公司股东的扣除非经 常性损益的净利润 | 1,156,192,052.84 | 1.196.603.056.05 | | 经营活动产生的现金流量净额 | 2,814,737,968.29 | 1.015.016.358.73 | | | 本报告期末 | 上年度末 | | 归属于上市公司股东的净资产 | 18.336.046.135.32 | 17.510.787.770.30 | 以8月29日收盘价计算，东航物流目前市盈率（TTM）约为9.12倍，市净率（LF）约1.34倍，市销率（TTM）约1.02倍。 市盈率(TTM)历史分位(%) 100 95,23 ଛି ୨୦ 84.03 80 70 6 ...

推动小微企业融资协调机制高质高效运转，力争2025年实现小微企业贷款"三个100%""一高一提一 降"。 充分发挥政府性融资担保机构作用，适度降低担保费率，减轻企业融资成本，重点支持小微企业发展， 缓解企业融资缺少抵押担保的局面。 持续推进"基金入洛""险资入洛"，设立总规模10亿元的洛阳市天使投资基金，引进培育长期资本、耐心 资本，加大上市公司培育力度。 用好中央预算内、超长期特别国债、地方政府专项债、省级服务业发展专项资金等政策资金工具，发挥 政府投资带动作用，引导各类资本加大服务业领域项目投入。 鼓励金融机构扩大服务业企业贷款抵押、质押品范围，积极推广"信易贷"等新型融资模式。 落实私募基金综合会商研判工作机制，支持社会资本设立风险投资基金或创业投资基金，加大对种子 期、初创期服务业企业和新业态服务业项目的投资力度。 【大河财立方消息】9月2日消息，洛阳市人民政府日前印发《洛阳市加快服务业高质量发展工作方 案》。其中明确，2025年新增各类创新平台150家，年度网络零售额增长10%，国家物流数据开放互联 试点工作完成，新兴服务业占全部服务业比重超过60%；到2027年，服务业发展速度位居全省前列，大 力 ...

Core Viewpoint - Eastern Airlines Logistics reported a slight decline in revenue for the first half of 2025, but managed to achieve a small increase in net profit, indicating resilience in its operations despite external challenges [1][2]. Revenue Analysis - The company achieved a total revenue of 11.3 billion yuan in H1 2025, a decrease of 0.3% year-on-year [1]. - Revenue from air express services was 4.7 billion yuan, an increase of 8.5% year-on-year [2]. - Ground integrated services generated 1.3 billion yuan, up 5.4% year-on-year [2]. - Comprehensive logistics solutions saw revenue drop to 5.3 billion yuan, a decline of 8.3% year-on-year, primarily due to a 27% decrease in cross-border e-commerce logistics revenue [2]. Profitability Analysis - The company's gross profit margin remained stable at 18.7% in H1 2025 [3]. - The net profit margin slightly increased by 0.1 percentage points to 11.4% [3]. - The company’s expense ratio decreased to 3.4%, down 0.4 percentage points year-on-year, attributed to reduced financial expenses [3]. Operational Adjustments - The company has optimized its route structure in response to changing U.S. tariff policies, enhancing its resilience against external disruptions [4]. - The total cargo turnover for H1 2025 was 4.134 billion ton-kilometers, reflecting a year-on-year growth of 5.62% [4]. Profit Forecast and Valuation - The net profit forecast for 2025-2027 has been revised upwards to 2.6 billion, 3.0 billion, and 3.3 billion yuan respectively, maintaining a "buy" rating [5].

Meeting Agenda and Matters - The shareholder meeting is scheduled for September 16, 2025, at 9:00 AM in Dalian, Liaoning Province [1] - The agenda includes an explanation of meeting matters, review of submitted proposals, on-site voting, and announcement of meeting conclusion [1] Voting Procedures - Voting will be conducted through on-site and online methods, with each shareholder or representative allowed to choose only one method [2] - Invalid votes due to errors or lack of submission will be counted as abstentions [2] - Final voting results will be disclosed on September 17, 2025, in various financial publications and the Shanghai Stock Exchange website [2] Financial Performance and Profit Distribution - For the first half of 2025, the company reported a net profit of CNY 227,758,500.01, with total distributable profits amounting to CNY 5,515,465,610.76 [3] - The proposed profit distribution plan suggests a cash dividend of CNY 0.50 per 10 shares for all shareholders [3] Appointment of Auditors - The company plans to appoint Crowe Horwath as the auditing firm for the 2025 fiscal year, with a total audit fee of CNY 1.75 million, including CNY 1.4 million for financial audit and CNY 0.35 million for internal control audit [5]

证券代码：600603 证券简称：ST 广物 公告编号：2025-069 广汇物流股份有限公司关于 2025 年半年度 业绩说明会召开情况的公告 本公司董事会及全体董事保证本公告内容不存在任何虚假记载、误导性陈 述或者重大遗漏，并对其内容的真实性、准确性和完整性承担法律责任。 一、本次说明会召开情况 广汇物流股份有限公司（以下简称"公司"）于 2025 年 9 月 1 日(星期一)下午 15:00-16:00 通过上海证券交易所上证路演中心 (http://roadshow.sseinfo.com)召开了 2025 年半年度业绩说明会， 就 2025 年半年度的经营成果、财务状况、发展战略等情况与投资者 进行充分沟通交流。公司董事长郭舰先生、董事/总经理刘栋先生、 财务总监楚潇红女士、独立董事崔艳秋女士及董事会秘书王勇先生出 席了本次业绩说明会。 二、本次会议投资者提出的主要问题及公司的回复情况 公司在说明会上就投资者关心的问题给予了回答，主要问题及答 复整理如下： 二季度比是否有提升？下半年情况如何？ 答：尊敬的投资者您好，感谢您对公司的关注与支持！ 截至 2025 年 6 月 30 日，公司红淖铁路累计运 ...

本报讯 （记者袁传玺）天眼查工商信息显示，近日，顺丰控股（002352）发生工商变更，注册资本由 约48.16亿元增至约49.86亿元。 （文章来源：证券日报） ...

格隆汇9月1日丨中国外运(601598.SH)公布，截至2025年8月31日，公司通过上海证券交易所交易系统以 集中竞价交易方式累计回购公司A股股份88,254,536股，占公司截至2025年8月31日总股本的比例为 1.21%，购买的最高价为5.32元/股、最低价为4.67元/股，已支付的总金额为人民币448,336,545.94元（不 含交易费用）。 ...

Overall Industry Investment Rating - The transportation sector is expected to see revenue and profit growth in H1 2025, with a revenue increase of 1.8% year-on-year and a net profit increase of 4.3% year-on-year [2][20]. Core Insights - The transportation sector's revenue for H1 2025 reached 1.7351 trillion yuan, driven by significant revenue increases in the aviation and express delivery segments [2][27]. - The express delivery segment experienced a substantial volume increase of 19.3% year-on-year, although profits were impacted by price wars, leading to a 1% decline in net profit for Q2 2025 [3][38]. - The aviation sector saw a recovery with a 71% increase in net profit for H1 2025, supported by a 6% increase in domestic passenger volume and a 25% increase in international passenger volume [4][32]. - The shipping sector maintained a stable outlook, with a slight revenue increase of 2.8% year-on-year, although net profit decreased by 2.8% [5][46]. - The port sector benefited from a 2.5% increase in cargo throughput, resulting in a 5% revenue increase and a 10% net profit increase for H1 2025 [6][48]. Summary by Sections Transportation Overview - The transportation sector's revenue for H1 2025 was 1.7351 trillion yuan, up 1.8% year-on-year, with a net profit of 949 billion yuan, up 4.3% year-on-year [2][20][27]. - In Q2 2025, the sector's revenue was 898.1 billion yuan, remaining flat year-on-year, while net profit increased by 6.3% to 477 billion yuan [2][20][32]. Express Delivery and Logistics - The express delivery segment's revenue for H1 2025 was 700 billion yuan, up 10.1% year-on-year, with a volume of 957 billion parcels, up 19.3% year-on-year [3][38]. - The logistics sector faced a 2% revenue decline in H1 2025, with net profit remaining flat [3][60]. Aviation and Airports - The aviation sector's revenue increased by 7% year-on-year in H1 2025, with net profit soaring by 71% [4][32]. - Airport revenues grew by 6% year-on-year, with net profit increasing by 26% [4][32]. Shipping and Ports - The shipping sector's revenue increased by 2.8% year-on-year in H1 2025, while net profit decreased by 2.8% [5][46]. - The port sector's cargo throughput increased by 2.5%, leading to a 5% revenue increase and a 10% net profit increase [6][48]. Road and Rail - The road sector saw a 3.03% revenue decline in H1 2025, but net profit increased by 3.4% [6][60]. - The railway sector's revenue was 778 billion yuan, up 0.4% year-on-year, but net profit decreased by 11.2% [7][60]. Investment Recommendations - The report suggests focusing on the logistics and aviation sectors, highlighting companies like SF Holding and Hai Chen Co. for their growth potential [8].

中国外运（601598）(00598)发布公告，截至2025年8月31日，公司通过上海证券交易所交易系统以集中 竞价交易方式累计回购公司A股股份8825.45万股，占公司截至2025年8月31日总股本的比例为1.21%， 购买的最高价为5.32元/股、最低价为4.67元/股，已支付的总金额为人民币4.48亿元(不含交易费用)。 ...

智通财经APP讯，中国外运(00598)发布公告，截至2025年8月31日，公司通过上海证券交易所交易系统 以集中竞价交易方式累计回购公司A股股份8825.45万股，占公司截至2025年8月31日总股本的比例为 1.21%，购买的最高价为5.32元/股、最低价为4.67元/股，已支付的总金额为人民币4.48亿元(不含交易费 用)。 ...