登录新浪财经APP 搜索【信披】查看更多考评等级 证券代码：002357 证券简称：富临运业 公告编号：2025-027 四川富临运业集团股份有限公司 2024年年度权益分派实施公告 本公司及董事会全体成员保证信息披露的内容真实、准确、完整，没有虚假记载、误导性陈述或重大遗 漏。 一、股东会审议通过权益分派方案的相关情况 1.四川富临运业集团股份有限公司（以下简称"公司"或"本公司"）2024年年度权益分派方案已经2025年 5月15日召开的2024年年度股东会审议通过，分配方案具体为：以公司2024年12月31日总股本 313,489,036股为基数，向全体股东每10股派发现金股利0.5元（含税），共计派发现金股利15,674,451.80 元（含税），不送红股，不以资本公积金转增股本，剩余未分配利润结转至后续分配； 2.自分配方案披露至实施期间公司股本总额未发生变化； 3.本次实施的分配方案与股东会审议通过的分配方案一致，以固定总额的方式分配； 4.本次权益分派实施距离股东会通过权益分配方案时间未超过两个月。 二、权益分派方案 公司2024年年度权益分派方案为：以公司现有总股本313,489,036股为基 ...

Core Points - The Hong Kong government is collaborating with Guangdong to prepare for the entry of Guangdong vehicles into Hong Kong, enhancing cross-border travel and economic activity [1][2] - The "Yue Car Southbound" plan will be implemented in two phases, with the first phase allowing private vehicles from Guangdong and Macau to park at automated parking facilities at the Hong Kong-Zhuhai-Macao Bridge [1] - The initiative aims to strengthen Hong Kong's position as an international aviation hub and facilitate the flow of people between the two regions [1] Group 1 - The Hong Kong government and the Airport Authority are conducting preparatory work, including testing and developing usage guidelines to simplify processes for travelers [1] - Promotional activities and incentives are being planned to attract self-driving travelers, which will boost Hong Kong's retail, dining, hotel, and related service industries [1] Group 2 - The government is considering various aspects such as total volume control, border crossing, risk management, and infrastructure enhancement to ensure a comprehensive approach [2] - The "Hong Kong Cars Northbound" initiative, launched in July 2023, allows eligible Hong Kong vehicles to travel to various locations in Guangdong with simplified procedures [2] - The number of Hong Kong vehicles participating in the "Hong Kong Cars Northbound" program has exceeded 100,000, significantly increasing the usage of the Hong Kong-Zhuhai-Macao Bridge, with a record of 450,000 vehicle trips in May 2023, a 170% increase compared to before the program [2]

来源：中国新闻网 编辑：张嘉怡 5月中国公路运输市场延续较好发展态势 中新社北京6月10日电 中国物流与采购联合会10日发布数据显示，5月份，中国公路物流运价指数为105 点，环比回升0.06%，同比回升2.02%。在多重稳经济、扩内需政策加持下，中国公路运输市场延续较 好发展态势。 分车型指数看，各车型指数环比涨跌互现，同比保持增长。以大宗商品及区域运输为主的整车指数为 105.6点，比上月回升0.07%，比上年同期回升2.34%。零担指数中，零担轻货指数为102.6点，比上月回 落0.08%，比上年同期回升0.39%；零担重货指数为105.7点，比上月回升0.15%，比上年同期回升 2.55%。 综合来看，5月中国经济运行态势较好，在国际贸易形势相对缓和、国内市场需求回稳拉动下，中国公 路运输需求有小幅改善。受节假日出行带动，运力供给呈现前低后高、逐步回升趋势。总体来看，供需 双端仍保持较为平衡态势，5月份，中国公路运价环比稳中有升，同比上升明显，不同车型中同大宗商 品相关的整车和零担重货回升趋势延续，反映在多重稳经济、扩内需政策加持下，公路运输市场延续较 好发展态势。分区域看，以内需市场为主的内陆地区升 ...

中信建投证券股份有限公司 重要声明 本报告依据《公司债券发行与交易管理办法》《公司债券受托管理人执业行 为准则》、招商局公路网络科技控股股份有限公司（以下简称"发行人"或"公司"） 就存续公司债券与受托管理人签署的受托管理协议（以下简称"《受托管理协议》"） 及其它相关信息披露文件以及发行人出具的相关说明文件和提供的相关资料等， 由受托管理人中信建投证券股份有限公司（以下简称"中信建投证券"或"受托管 理人"）编制。中信建投证券编制本报告的内容及信息均来源发行人提供的资料 或说明。 本报告不构成对投资者进行或不进行某项行为的推荐意见，投资者应对相关 事宜作出独立判断，而不应将本报告中的任何内容据以作为中信建投证券所作的 承诺或声明。在任何情况下，未经中信建投证券书面许可，不得将本报告用作其 他任何用途。 关于 招商局公路网络科技控股股份有限公司 三分之一以上董事发生变动 的 临时受托管理事务报告 债券简称：25 招路 K1 债券代码：524252.SZ 债券受托管理人 中信建投证券作为25招路K1的受托管理人，根据《公司债券发行与交易管 理办法》《公司债券受托管理人执业行为准则》等相关规则，现就公司债券重大 ...

Group 1 - The core viewpoint is that the integration of artificial intelligence in transportation is accelerating, with over 500 kilometers of highway trunk channels undergoing smart expansion [1][2] - In Guangdong, over 6 million vehicle trips occur daily on a network of 11,700 kilometers of highways, facilitated by the "Yue Tong Xing" platform which provides real-time traffic information [1] - The "Yue Tong Xing" platform utilizes advanced technologies such as cloud computing, big data, and AI to offer personalized travel services based on real-time data collection and analysis [1] Group 2 - The Ministry of Transport reports that 20 digital transformation demonstration areas for road and waterway infrastructure are implementing applications like network operation monitoring and proactive control of high-traffic routes [2] - The smart expansion of trunk channels aims to improve traffic efficiency by approximately 20% and emergency response efficiency by about 30% [2] - Future efforts will focus on enhancing connectivity across regions and urban clusters, promoting integrated services and the fusion of transportation with emerging industries like new energy vehicles [2]

Core Viewpoint - The China Logistics and Purchasing Federation announced that the highway logistics freight index for May shows a positive trend in the road transport market, supported by various economic stabilization and domestic demand expansion policies [1] Group 1: Freight Index Performance - The highway logistics freight index for May is reported at 105 points, indicating a month-on-month increase of 0.06% [1] - Year-on-year, the index has increased by 2.02%, reflecting a stable growth in the logistics sector [1]

Core Insights - The digital transformation of transportation infrastructure in China has achieved significant milestones, with over 500 kilometers of highway corridors upgraded to smart systems [1][2] - The total length of demonstration corridors in 20 regions exceeds 60,000 kilometers, covering approximately 54,000 kilometers of highways and 7,500 kilometers of waterways, effectively establishing a comprehensive transportation network [1][2] Digital Transformation in Road Transportation - The next phase of digital transformation will focus on enhancing connectivity across regions and urban clusters, aiming for integrated services and operations [3] - Current applications include network monitoring, proactive management of high-traffic routes, and unified travel services, leading to a 20% improvement in traffic efficiency and a 30% increase in emergency response efficiency [3] Case Study: Guangdong Province - In Guangdong, the digital transformation has facilitated the management of over 6 million daily vehicle trips on a 11,700-kilometer highway network, with real-time traffic information accessible via the "Yue Tongxing" platform [4][5] - The platform enhances rescue response efficiency by approximately 40% through precise location sharing during accidents [5] Smart Control Platforms - The smart control platform for the Guangdong-Hong Kong-Macao Greater Bay Area utilizes real-time data to predict and manage traffic congestion, generating control strategies automatically [6] Integration of Services - The "Yue Tongxing" platform is evolving to integrate various services along highways, including dining, accommodation, and tourism, creating a diversified ecosystem [7] Digital Transformation in Water Transportation - The digitalization in water transport, exemplified by the "Zhe Zha Tong" platform, has significantly improved efficiency, reducing transit times from 26 hours to 10 hours for vessels passing through locks [10][12] - The platform has achieved a 99% usage rate among vessels in Zhejiang, with an 80% reduction in waiting times at locks, saving logistics costs by 300 million yuan annually [14]

Core Viewpoint - Guangxi Wuzhou Transportation Co., Ltd. received an inquiry letter from the Shanghai Stock Exchange regarding its 2024 annual report, prompting the company to clarify its business operations and financial performance, particularly in its trade logistics segment [1][2]. Group 1: Trade Logistics Business - The company reported a revenue of 1.823 billion yuan for the reporting period, an increase of 11.61% year-on-year, primarily due to a significant rise in trade logistics revenue [1][2]. - Trade logistics revenue reached 569 million yuan, a substantial increase of 95.21% year-on-year, although the gross profit margin decreased by 8.12 percentage points to 10.64% [1][5]. - The quarterly financial data showed that the company’s revenue for the four quarters was 405 million yuan, 385 million yuan, 426 million yuan, and 607 million yuan, with net profits attributable to shareholders of 213 million yuan, 140 million yuan, 213 million yuan, and 132 million yuan respectively [1][2]. Group 2: Business Model and Revenue Breakdown - The trade logistics business is managed by several subsidiaries, focusing on providing logistics services such as facility leasing, cold chain storage, vehicle management, and customs clearance, alongside trading agricultural products [4][6]. - The revenue breakdown indicates that logistics services have a lower revenue share but stable gross margins, while the higher revenue share from trade activities has led to a decline in overall gross margin due to lower margins in the traded goods [6][10]. Group 3: Customer and Supplier Analysis - The company provided details on its top ten customers and suppliers, noting stability in core relationships while changes occurred due to the expansion into new product categories like sugar and dairy [7][8]. - The company confirmed that there are no overlapping relationships between its suppliers and customers, ensuring independence in its trade operations [8][10]. Group 4: Financial Performance and Profitability - The significant revenue growth in the fourth quarter was attributed to seasonal demand and the introduction of new product categories, although net profit declined due to increased financial costs and provisions for asset impairment [14][15]. - The company’s financial expenses rose by 169.29% in the fourth quarter, primarily due to foreign exchange losses from loans taken by its subsidiary [14][15]. Group 5: Accounts Receivable and Bad Debt Provisions - The company reported an accounts receivable balance of 145 million yuan at the end of the period, with a provision for bad debts of 71 million yuan, indicating a high proportion of long-aged receivables [17][18]. - The company has implemented strict internal controls and due diligence processes for assessing the creditworthiness of its customers, ensuring compliance with accounting standards in its bad debt provisions [27][33]. Group 6: Loan Issuance and Risk Management - The company has engaged in loan issuance through its subsidiary, with a total loan balance of 40.83 million yuan, of which 33.63 million yuan is overdue, prompting a high provision for impairment [34][35]. - The company established comprehensive internal procedures for loan management, including risk assessment and monitoring, to mitigate potential defaults [35][36].

Core Viewpoint - Guangxi Wuzhou Transportation Co., Ltd. reported a significant increase in operating revenue for 2024, driven primarily by growth in its commercial logistics business, despite a decline in net profit due to rising costs and lower profit margins in this segment [2][14]. Financial Performance - The company achieved operating revenue of 1.823 billion yuan, a year-on-year increase of 11.61%, mainly attributed to a rise in commercial logistics revenue [2]. - The quarterly operating revenues were 405 million yuan, 385 million yuan, 426 million yuan, and 607 million yuan, with the fourth quarter showing a substantial year-on-year increase of 33.40% [2]. - The net profit attributable to shareholders for the quarters was 213 million yuan, 140 million yuan, 213 million yuan, and 132 million yuan, indicating a significant decline of 38.03% in the fourth quarter [2]. Business Segments - The commercial logistics business is divided into logistics and trade operations, with logistics services including facility leasing, cold chain storage, vehicle management, and customs clearance [3][4]. - The revenue breakdown for the commercial logistics business shows logistics contributing 37.01% of revenue with a gross margin of 51.40%, while trade operations accounted for 62.99% of revenue with a gross margin of only 3.19% [4]. Client and Supplier Relationships - The company provided details on its top ten clients and suppliers, indicating no significant changes in core relationships compared to the previous year, although new clients and suppliers emerged due to the expansion into new product categories [5][16]. - The company confirmed that there are no overlapping relationships between its suppliers and clients, ensuring independence in its commercial operations [9][16]. Accounting Practices - The company utilizes both gross and net methods for revenue recognition, with the gross method applied to most agricultural products, while the net method is used for specific products like live pigs due to their unique trading characteristics [11][12]. - The accounting practices align with the relevant accounting standards, confirming the appropriateness of the revenue recognition methods used [16]. Seasonal Impact - The fourth quarter's revenue growth was significantly influenced by seasonal factors, with increased demand for agricultural products post-harvest and pre-festival preparations contributing to higher sales [13][16]. - The company noted that the increase in revenue did not translate into profit due to the lower margins in the newly introduced product categories and increased financial costs [14][16].

Group 1 - The core viewpoint of the article highlights the significant increase in cross-regional personnel flow during the Dragon Boat Festival holiday, with a total of 65.37 million trips made, representing a year-on-year growth of 2.5% [1] Group 2 - The railway passenger volume reached 48.03 million trips, averaging 16.01 million trips per day [1] - The waterway passenger volume was 2.73 million trips, averaging 0.91 million trips per day [1] - The civil aviation passenger volume totaled 5.63 million trips, averaging 1.88 million trips per day [1] Group 3 - The road personnel flow, which includes both non-commercial passenger car trips on highways and regular national and provincial roads, as well as commercial road passenger transport, amounted to 59.73 million trips, averaging 19.91 million trips per day [1] - Among the road personnel flow, non-commercial passenger car trips accounted for 48.69 million trips, averaging 16.23 million trips per day, while commercial road passenger transport reached 11.04 million trips, averaging 3.68 million trips per day [1]